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Telstra Group Ltd (ASX: TLS) shares have strongly outperformed the benchmark over the past 12 months.

Since this time last year, the S&P/ASX 200 Index (ASX: XJO) telco has gained 10%.

That compares quite favourably to the 0.8% loss posted by the ASX 200 over this same period.

But Telstra shares offer more than the potential for gains in the share price.

The stock is also well-known for delivering investors with a reliable passive income stream.

The company has a lengthy track record of paying two annual fully franked dividends. It even came through during the pandemic addled year of 2020.

During the past year, Telstra paid out a final dividend of 8.5 cents per share on 21 September. The telco paid its interim dividend, also 8.5 cents per share, a few weeks ago, on 31 March.

That comes out to a total, fully franked payout over the last 12 months of 17 cents per share.

At the current Telstra share price of $4.37, that equates to a trailing yield of 3.9%.

Or a handy $39 in passive income from a $1,000 investment.

While that yield will be welcomed by most shareholders, particularly coming atop the share price gains, some ASX 200 investors will be earning a significantly higher yield from their Telstra shares.

Did you take the plunge last June?

Telstra shares came under pressure alongside the broader market in the first half of June last year.

On 14 June, shares closed the day trading for $3.75 apiece.

Brave, lucky, or perhaps well-advised investors who bought shares towards the end of that day would have still been eligible for both of the company’s dividend payouts.

And they would be earning significantly more yield from their Telstra shares today than most shareholders.

If you’d bought shares on the day you’d be earning a fully franked yield of 4.5%.

Or a welcome $45 in passive income from a $1000 investment. Not to mention a 16.5% gain in the share price.

And that is only 10 and a half months.

While trying to time these kinds of dips comes with its own set of risks, when you get it right it can be quite rewarding.

How have Telstra shares performed longer-term?

As long-term investors, it pays to look beyond a company’s performance over the past few months.

As for Telstra shares, they’ve gained 35% over the past five years. That figure doesn’t include the twice-annual dividends.

The post Bought Telstra shares last June? Guess what kind of dividend yield you’re earning today appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy now
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• ‘Well placed for strong growth’: 3 ASX 200 shares that hit the spot right now
• Buy Telstra and this ASX 200 dividend share for passive income: brokers
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) traded in the green for the first time this week on Friday, rising 0.23% to close at 7,309.2 points. That leaves it 0.28% lower than it was this time last week.

Leading the index higher today was the S&P/ASX 200 Real Estate Index (ASX: XRE), which jumped 1.1%.

Also in the green were the S&P/ASX 200 Financials Index (ASX: XFJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) – having lifted 0.6% and 0.5% respectively.

The latter sector‘s gains were driven by the Pilbara Minerals Ltd (ASX: PLS) share price. The lithium miner released its quarterly report after the market closed yesterday.

But it wasn’t all sunshine on the Aussie bourse on Friday. The S&P/ASX 200 Health Care Index (ASX: XHJ) slumped 1%.

So, with all that considered, let’s dive into today’s 10 top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

Taking out the top spot on Friday was the Megaport Ltd (ASX: MP1) share price, which ended the day up a whopping 41.46% after the company bolstered its full-year guidance.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Megaport Ltd (ASX: MP1)	$5.63	41.46%
Pilbara Minerals Ltd (ASX: PLS)	$4.24	7.07%
Sayona Mining Ltd (ASX: SYA)	$0.20	5.26%
Life360 Inc (ASX: 360)	$5.08	5.18%
Paladin Energy Ltd (ASX: PDN)	$0.655	4.8%
Core Lithium Ltd (ASX: CXO)	$0.98	4.26%
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.08	3.83%
Allkem Ltd (ASX: AKE)	$12.25	3.81%
Mirvac Group (ASX: MGR)	$2.41	3.43%
Lifestyle Communities Ltd (ASX: LIC)	$16.94	3.29%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Appen, Megaport, Mirvac, and Pilbara Minerals shares are pushing higher today
• Making it rain: Could this signal a boom for ASX 200 lithium stocks?
• Own Core Lithium shares? Here’s why the miner backed off its Tesla deal
• Pilbara Minerals share price leaps 5% despite tumbling lithium prices

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Megaport, and Reliance Worldwide. The Motley Fool Australia has recommended Megaport and Reliance Worldwide. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With the tech sector booming again following some strong results on Wall Street’s Nasdaq index, now could be a good time to return to this side of the market if you haven’t done so already.

But which ASX 200 tech shares could be buys? Listed below are two that have been tipped as buys by brokers recently. Here’s why they could be top options for tech investors:

Altium Limited (ASX: ALU)

The first ASX 200 tech share to consider buying is Altium. It is a multinational software company that focuses on electronics design systems for 3D printed circuit board (PCB) design and embedded system development.

Thanks to its leadership position in the industry and favourable tailwinds such as the Internet of Things and artificial intelligence, management is aiming to grow its revenue to US$500 million. This will be more than double Altium’s FY 2022 revenue of US$220.8 million.

In addition, the company is targeting margin improvements as its scales, which bodes well for its profit growth over the coming years.

Morgan Stanley is a fan of Altium. It currently has an overweight rating and $43.50 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX 200 tech share that has been named as a buy is Xero. This New Zealand based cloud accounting platform provider has over 3 million subscribers globally, which is underpinning huge revenues.

However, it is still only a small slice of its total market opportunity. For example, Goldman Sachs highlights that Xero has a “compelling global growth story” thanks to it total addressable market (TAM) of ~45 million+ subscribers.

In addition, Goldman notes that Xero recently announced a major cost reduction program which it believes will support very strong earnings growth in the coming years. It also points out that since March it has “seen Xero’s Linkedin workforce decrease by c.14% to 5.1k.” This appears to demonstrate that its program is coming along very nicely.

All in all, the broker is so bullish on Xero that it has it on its coveted conviction list with a buy rating and $126.00 price target.

The post Nasdaq rebound! Brokers say these ASX 200 tech shares are buys appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 stocks brokers just upgraded to ‘buy’
• Top brokers name 3 ASX shares to buy today
• Pro Medicus shares: Bull vs. Bear
• Why I think it’s a great time to start buying ASX growth shares
• Top brokers name 3 ASX shares to buy next week

Motley Fool contributor James Mickleboro has positions in Altium and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The IGO Ltd (ASX: IGO) share price is currently up 1.8% trading at $13.73 following news today of a record quarterly profit.

IGO is a diversified metals miner and one of very few ASX lithium shares actually producing lithium. The rest are still in the exploration and development phases. IGO is also a nickel producer.

The company released its March quarter activities report as well as an investor presentation today.

Let’s look at the detail.

IGO share price goes green on good news today

The highlights of the March report are record earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $533 million and net profit after tax (NPAT) of $412 million.

The company said these records were primarily the result of a 30% increase in IGO’s share of net profit from the Tianqi Lithium Energy Australia lithium hydroxide operation (TLEA).

TLEA is a joint venture with Chinese miner Tianqi Lithium Corporation.

A 45% increase quarter-over-quarter (qoq) in the realised spodumene price also helped.

Here’s a snapshot of the numbers:

• EBITDA of $533 million, up 22% qoq
• NPAT of $412 million, up 22% qoq
• Net debt of $9 million, down 95% qoq
• Cash on hand of $441.1 million, down 14% qoq
• Paid a record FY23 interim dividend of 14 cents per share, totalling $106 million
• Repaid a $240 million revolving credit facility in full.

What else happened during the quarter?

IGO reported nickel production of 8,358 tonnes, up 16% qoq and spodumene concentrate production of 356 kilotonnes (kt), down 6% qoq.

The company said it also made “significant progress on various growth projects” during the period.

Operationally, it reported consistency at Greenbushes and a steady increase in lithium hydroxide production at Kwinana. This is where the Western Australia Government has granted it land for an integrated battery materials facility adjacent to TLEA.

IGO said the Nova nickel-copper-cobalt mine had a strong recovery after its power station fire in December.

Activities advanced at the Cosmos nickel development mine, including completion of the first stage of the shaft, paste plant, and aerodrome. IGO anticipates first nickel production in the September quarter.

What did management say?

Acting CEO Matt Dusci said it had been “another strong quarter demonstrating the financial strength of the company”.

In its statement, the company also commented on the outlook for lithium demand.

As widely reported across the industry, the lithium market is currently experiencing a high level of volatility, which has resulted in the emergence of a price disparity between lithium product streams.

IGO does not anticipate this will impact FY23 Guidance.

What’s next?

IGO is continuing its search for a new CEO following the sudden death of Peter Bradford in October.

Shortlisted candidates — all from outside the company — have gone through the first interview stage. The board will conduct the final interviews in the coming weeks.

IGO hopes to name its new CEO in the June quarter.

In other news from the March quarter, former Transurban Group (ASX: TCL) CFO Samantha Hogg joined the IGO board as a non-executive director.

IGO was also included in the 2023 S&P Global Sustainability Yearbook for a third consecutive year.

The Yearbook acknowledges companies within the top 15% of their industry based on key sustainability criteria. IGO is one of three Australian mining companies included in the 2023 Yearbook.

IGO share price snapshot

Falling lithium prices have affected the value of many ASX lithium shares over the past six months.

The IGO share price has lost 10.4% of its value over this period.

This represents an outperformance of IGO’s key peers, Pilbara Minerals Ltd (ASX: PLS) and Allkem Ltd (ASX: AKE), whose share prices have declined by 18.3% and 15.5%, respectively.

The post IGO share price lifts on news of record quarterly profit appeared first on The Motley Fool Australia.

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More reading

• 11 ASX shares to buy with 4 on-trend qualities right now
• Here are the top 10 ASX 200 shares today
• Here’s the latest forecast for ASX 200 lithium stocks from UBS
• Here are the top 10 ASX 200 shares today
• Here’s the forecast for popular ASX 200 mining shares from UBS

Motley Fool contributor Bronwyn Allen has positions in Allkem. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) looks to be heading for a mildly happy end to the trading week so far this Friday. After what has been a bumpy short week of trading, the ASX 200 has lifted to give investors a boost going into the weekend.

At the time of writing, the Index has gained a tentative 0.16%, which lifts the ASX 200 back to around 7,300 points.

But let’s now dig a little deeper into these share market moves though by checking out the ASX 200 shares that are currently sitting atop the share market’s trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Friday

Sayona Mining Ltd (ASX: SYA)

Our first share worth a gander this Friday is the ASX 200 lithium miner Sayona. So far this session, a hefty 17.74 million Sayona shares have changed ASX owners. We did get some news from the company earlier that could help to explain this volume.

Sayona released a quarterly activities report this morning, which contained some good news regarding lithium production at its facilities. The markets seem to approve, with the Sayona share price currently enjoying a decent 2.6% bump to 19.5 cents per share.

It’s probably a combination of these events that is seeing so many Sayona shares swap hands today.

Mirvac Group (ASX: MGR)

Mirvac Group is next up today. This ASX real estate investment trust (REIT) has seen a sizeable 24.58 million units traded on the ASX boards thus far. We’ve had some news out of Mirvac too today, which is probably helping boost this REIT’s trading volumes.

As my Fool colleague went into this afternoon, Mirvac has downgraded its earnings guidance for the 2023 financial year, thanks to delayed settlement timelines. Investors don’t seem too bothered though, with the Mirvac unit price rising by a healthy 3.43% so far to $2.41 each.

With a rise of that size, it’s no surprise to see Mirvac units make an appearance this Friday.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded ASX 200 share today is none other than lithium stock Pilbara Minerals. A whopping 38.15 million Pilbara shares have been bought and sold on the ASX boards as it currently stands. Pilbara is yet another company that has released a quarterly update.

As we discussed this morning, Pilbara reported a 9% quarter-on-quarter decline in lithium spodumene production over the three months to 31 March.

But again, investors don’t seem fazed at all, with the Pilbara share price rocketing by a notable 5.18% at present up to $4.16 a share. With a gain of that size, it’s no shock to see Pilbara topping our most traded ASX 200 shares list today.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

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More reading

• Why Appen, Megaport, Mirvac, and Pilbara Minerals shares are pushing higher today
• Making it rain: Could this signal a boom for ASX 200 lithium stocks?
• Pilbara Minerals share price leaps 5% despite tumbling lithium prices
• Pilbara Minerals share price on watch following tough quarter
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Imugene Limited (ASX: IMU) share price lifted 4% today after the company released its March quarter report.

Imugene shares gained half a cent and were swapping hands at 13 cents in earlier trade but have since returned to their closing price yesterday of 12.5 cents.

The S&P/ASX All Ordinaries Index (ASX: XAO) has also lost a little ground in the late afternoon and is currently trading just 0.13% higher.

Let’s take a look at today’s report from the ASX biotech share.

Imugene share price goes green

Imugene is a clinical-stage immuno‐oncology company developing virotherapies that seek to activate the immune system of cancer patients to treat and kill off cancerous tumours.

There was nothing new in today’s report other than a few financial metrics. However, investors appear pleased with the company’s financial position and the progress it has made in its trials over the period.

Cancer trials

Key developments during the quarter include the first patients being dosed in the VAXINIA and Pembrolizumab combination study. VAXINIA is a cancer-killing virus.

Patients in the intravenous (IV) and intratumoral (IT) cohorts received their first dose of the immunotherapy.

Imugene aims to recruit up to 100 patients across several trial sites in the United States and Australia for this trial. It got approval to start trials in Australia during the quarter. The first hospital involved is Tasman Oncology Research in South Australia. Imugene is opening other sites now.

Imugene also began its multicenter Phase 1 MAST trial. The trial involves patients with metastatic or advanced solid tumours who have had at least two prior lines of existing standard cancer treatment.

Imugene’s preclinical laboratory and animal studies showed VAXINIA reduces the size of colon, lung, breast, ovarian and pancreatic cancer tumours.

New patent

Imugene also received a US patent until 2038 for its B-cell activating immunotherapy PD1-Vaxx.

PD1-Vaxx is in clinical development for non-small cell lung cancer (NSCLC). Imugene intends to run a clinical trial that combines PD1-Vaxx with the immune checkpoint inhibitor drug, atezolizumab.

Financials

In terms of the company’s financial position, Imugene had $151.5 million in cash or equivalents at the end of the quarter.

The company spent $10.6 million net cash on operating activities. Direct research and development and staff costs accounted for 83% of the expenditure.

Spreading the word on progress

Imugene presented at several conferences during the quarter, including the prestigious J.P. Morgan Healthcare Conference, which attracts thousands of global investors every year.

The company also presented its HER-Vaxx & CF33 platforms at the ASCO Gastrointestinal Cancers Symposium, which attracts thousands of oncologists, clinical researchers, and academics.

Imugene also gave a presentation at the NWR Healthcare Conference.

In addition, the biotech company announced positive imaging data for its oncolytic virotherapy candidate, CHECKvacc, last week.

Imugene share price snapshot

The Imugene share price is down 9.3% in 2023 so far.

Its peers in the S&P/ASX 200 Health Care Index (ASX: XHJ) have gone up 8.9%.

The post What’s with the Imugene share price today? appeared first on The Motley Fool Australia.

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More reading

• Why has ASX 200 healthcare stock Imugene leapt 15% in a month?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Argosy Minerals Limited (ASX: AGY)

According to a note out of Macquarie, its analysts have retained their outperform rating and 80 cents price target on this lithium developer’s shares. Macquarie has been pleased with the progress the company is making with its Rincon lithium project in Argentina. It highlights that the steady run-rate production is expected to be achieved in the coming months. The Argosy Minerals share price is currently trading 50% lower than Macquarie’s valuation at 40 cents.

Regis Resources Ltd (ASX: RRL)

A note out of Morgans reveals that its analysts have upgraded this gold miner’s shares to an add rating with an improved price target of $2.51. Although Regis delivered a third-quarter update that was short of the broker’s expectations, it is sticking with it. This is due to its improving outlook thanks partly to the McPhillamys approval. In addition, Morgans views potential consolidation activity in the large-cap gold domain and the organic growth opportunity offered by Regis favourably. The Regis Resources share price is fetching $2.13 today.

Telstra Group Ltd (ASX: TLS)

Another note out of Macquarie reveals that its analysts have retained their outperform rating on this telco giant’s shares with an improved price target of $4.68. This follows news that Telstra has lifted some of its mobile prices. The broker was pleased with the news and sees rational pricing as a big positive for Telstra. In fact, it suspects that the company could be on course to deliver stronger than expected earnings in the coming years because of this. The Telstra share price is trading at $4.37 on Friday.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 gold stocks just downgraded by brokers (and one upgraded)
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• ‘Well placed for strong growth’: 3 ASX 200 shares that hit the spot right now
• Buy Telstra and this ASX 200 dividend share for passive income: brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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For a variety of reasons, it’s been a while between drinks for my now-normal Friday format. So let’s get back into it.

ANZ’s warning for businesses… and investors

ANZ Group Holdings Ltd (ASX: ANZ) CEO Shayne Elliott was in today’s Australian, quoted as saying:

“It’s been the fastest increase of interest rates globally in history. They have gone from zero to a hundred in a very short time.

“These businesses were set up in a different environment of low interest rates so many of them don’t have any experience on how to deal through this.”

Who are the ‘these businesses’ he’s referring to?

“…it’s starting to get rocky and the casualties will be those businesses with too much debt and those with no pricing power”.

He’s right.

And he’s not just talking about small or unlisted businesses, either.

I’ve been saying it for a while… there will be opportunities (and risks) as we go back to the ‘old normal’. Make sure you understand what you own, and the risks those companies face.

Another one bites the dust

Vitamin company Blackmores Ltd (ASX: BKL) (full disclosure: I’m a shareholder and former employee) seems destined to leave the ASX, having accepted a $95 per share bid from Japanese conglomerate Kirin (best known to Australians for its eponymous beer, but it also owns the old ‘Lion Nathan’ beer brands: XXXX, Tooheys and others).

Largest shareholder (and son of founder, Maurice Blackmore) Marcus Blackmore has committed to selling his shares, and the board has recommended the takeover, unless there’s a higher bidder. The deal has to get regulatory approval, but that also seems likely.

I don’t love the idea of the ASX losing yet another consumer branded business to an overseas buyer. But Kirin is notoriously long-term focused, and sees value in Blackmores. Value that Australian investors didn’t seem to see. Perhaps Kirin is wrong. But if it’s right, there’s a lesson for investors – buyers that take a long term view often recognise more value than the ASX does, given its notoriously short-term view.

As individual investors, there’s not much we can do to change the market… but we can learn some lessons and invest accordingly.

If the cap fits…

Look, I don’t love getting involved in political fights – each team tends to think their side is whiter than white, while the other mob have never had a good idea in their lives – but I don’t mind putting my head above the parapet on policy.

Or policies.

The federal government has today been reported as announcing a cap on the growth in NDIS spending. And is considering a cap on rental increases. That’s after announcing a cap on the gas price and, in more familiar territory, a cap on Super balances (after which a different taxation arrangement applies).

I mean, I don’t mind the odd Akubra, but as far as caps go, I think the government has me covered.

Now, before half of you send me hate mail and the other half are happy that I’m bagging the government, let me say the NDIS is a great scheme, but also seems prone to rorting and mismanagement. And that I’m in favour of large Super balances being taxed less generously. I also think we need to help people who can’t afford power, and fix the broken rental system.

But you’ll notice my comments, above, relate to the issues. And there’s a difference between acknowledging a problem and believing that a solution – any solution – must be right.

We’ve had caps before. They don’t work and create perverse outcomes. Better than nothing, you say? Maybe. But not as good as actual structural changes. And that’s what governments (and Oppositions) should be focused on.

Quick takes

Overblown: The changes to the rate-setting committee of the RBA are underwhelming. The current board has got stuff wrong. But I’m not sure how a structural change makes any meaningful difference.

Underappreciated: As above, but with a twist. The new committee, composed of different people, may take the same approach as the current lot. Or a very different one. And they might be very good at the job. Or awful. In trying to ‘solve’ a current perceived problem, a new board adds a whole lot of uncertainty… right at a time when stability would have been much better.

Fascinating: Wow, is AI on the march. I have no preconceived view where it ends up, but when you consider what is now possible, using ChatGPT and other ‘bots’, it doesn’t take much imagination to consider how meaningfully AI could impact many, many parts of our lives. The question is whether it becomes its own thing, or just an enabler, much the way we use the internet today.

Where I’ve been looking: I’ve written before about what I expect to be the continued growth of online retail, both from pure-play companies and those who make the bricks-and-clicks / clicks-and-mortar change successfully. Amazon (I own shares) and Kogan.com Ltd (ASX: KGN) (ditto) have made good strides recently, and I think other retailers, on cheap multiples, might make for market-beating investments.

Quote: “Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett

Fool on!

The post Another ASX company to disappear appeared first on The Motley Fool Australia.

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More reading

• Here’s what’s happening with Blackmores shares following yesterday’s Kirin fuelled surge
• No savings at 30? I’d invest $3 a day in ASX shares to target a second income of $10,824 a year
• Here are the top 10 ASX 200 shares today
• 3 All Ords stocks rocketing over 10% on Thursday
• Why Allkem, Blackmores, Helloworld, and St Barbara shares are charging higher

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Scott Phillips has positions in Amazon.com, Blackmores, and Kogan.com. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon.com and Kogan.com. The Motley Fool Australia has positions in and has recommended Kogan.com. The Motley Fool Australia has recommended Amazon.com and Blackmores. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is on track to finish the week on a mildly positive note. In afternoon trade, the benchmark index is up 0.1% to 7,298.4 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are charging higher today:

Appen Ltd (ASX: APX)

The Appen share price is up over 4% to $3.12. This may have been driven by news that one of its largest tech customers has returned to form during the last quarter. Investors may believe that this bodes well for demand for Appen’s artificial intelligence data services.

Megaport Ltd (ASX: MP1)

The Megaport share price has rocketed 38% to $5.50. A short squeeze appears to have occurred on Friday after this network services company released a better than expected to quarterly update. Total quarterly revenue was up 38% year-on-year to $38.1 million and EBITDA swung from a loss of $12.1 million to positive $7.2 million. Management is guiding to more of the same in FY 2023 and FY 2024.

Mirvac Group (ASX: MGR)

The Mirvac share price is up 4% to $2.42. This follows the release of an operational and trading update from the property company. Mirvac has downgraded its earnings per share guidance slightly for FY 2023 due to delayed settlement timelines. However, investors appear to have been willing to overlook this after management provided upbeat commentary on its outlook.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 5% to $4.16. Investors have been buying this lithium miner’s shares despite its third-quarter update falling short of expectations. Though, it is worth noting that most ASX lithium shares are pushing higher today following a solid night for the US-listed counterparts.

The post Why Appen, Megaport, Mirvac, and Pilbara Minerals shares are pushing higher today appeared first on The Motley Fool Australia.

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More reading

• Making it rain: Could this signal a boom for ASX 200 lithium stocks?
• Pilbara Minerals share price leaps 5% despite tumbling lithium prices
• Megaport share price launches 40% higher amid rosy guidance
• Pilbara Minerals share price on watch following tough quarter
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen and Megaport. The Motley Fool Australia has recommended Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade on Friday, the S&P/ASX 200 Index (ASX: XJO) is on track to record a small gain. The benchmark index is up 0.15% to 7,304.1 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why these ASX shares are falling:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is down almost 7% to 48.5 cents. Investors have been selling this copper miner’s shares following the release of its quarterly update. Aeris reported a reduction in copper production quarter on quarter due partly to inclement weather. This has led to the company downgrading its FY 2023 EBITDA guidance to between $50 million and $70 million.

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price has crashed 8% to 38.5 cents. This follows the release of the struggling semiconductor company’s first-quarter update. That update revealed that Brainchip delivered pitiful cash receipts of just $40,000 during the three months. The meme stock had a market capitalisation of over $700 million prior to today. The company’s shareholders will soon be asked to approve generous performance related bonus shares to management at its upcoming annual general meeting.

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is down 8% to $1.52. Investors have been selling this sports betting company’s shares after its quarterly update disappointed. Pointsbet posted a 39% increase in group net win to $106.6 million thanks entirely to its North America business. The company’s Australia business was out of form and reported a 3% decline in its net win to $50.7 million.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down a further 12% to $1.12. This graphite producer’s shares have been hammered since the release of its quarterly update on Thursday. Syrah reported unit costs that were higher than the price received. This led to management reducing its production plans and raising $150 million through the issue of new convertible notes to AustralianSuper.

The post Why Aeris, Brainchip, Pointsbet, and Syrah shares are falling today appeared first on The Motley Fool Australia.

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More reading

• Pointsbet share price dives 8% amid potential to cash in with an offload
• Why did the BrainChip share price crash 16% today?
• Here are the top 10 ASX 200 shares today
• Why is ASX 200 mining stock Syrah Resources tumbling 11% today?
• Why Adbri, Champion Iron, Core Lithium, and Syrah shares are dropping today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended PointsBet. The Motley Fool Australia has recommended PointsBet. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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