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The Qantas Airways Ltd (ASX: QAN) share price is down a little over 1% at time of writing. Shares are currently trading for $6.59 apiece.

Despite today’s retrace, shares in the S&P/ASX 200 Index (ASX: XJO) airline stock remain up a healthy 21% since this time last year.

With the Qantas share price now back to pre-COVID levels, can the airline keep handing investors more gains?

Can the flying kangaroo deliver more gains?

Time will tell, but I see more positives than negatives ahead for the Qantas share price.

Covering off the negatives first, inflation may be coming down. But inflation remains well above central bank target ranges across much of the developed world.

That means we can likely expect at least one more interest rate hike from the RBA, the US Fed, and other leading central banks.

Higher rates and sticky inflation have the tendency to eat away at consumers’ discretionary spending stockpiles. If it becomes a decision on whether to pay the mortgage or sh

resurgent travel demand, driven in part by pent-up demand following years of border closures.

That helped Qantas post some very strong half-year results recently.

ell out for air travel, we could see the resurgent post-pandemic demand for travel ebb, pressuring the Qantas share price.

On the plus side, we do have that resurgent travel demand, driven in part by pent-up demand following years of border closures.

That helped Qantas post some very strong half-year results recently.

Highlights included flipping the prior corresponding period’s $1.3 billion loss in underlying net profit before tax to a $1.4 billion gain. That was driven by a whopping 222% year-on-year increase in revenue, which reached $9.9 billion over the six months.

The balance sheet was also greatly improved, with net debt slashed by $2.4 billion.

As for the travel outlook, soaring travel inflation has yet to dent demand.

According to the Australian Bureau of Statistics (ABS), as of March domestic holiday prices had increased 25% year on year. International travel faced an even bigger hit, with prices up 38%.

Yet, as The Australian Financial Review reports, Sydney travel agent Melissa Devlin says the travel sector is robust.

According to Devlin, who primarily handles international flights:

We’re pumping because Australians love to travel and there was that pent-up demand after being stuck at home for two and a half years. And they definitely have more money to spend. We’re doing more business class or premium economy than we ever have.

Devlin added that she is “a little concerned it may slow down”.

Which brings us to a final reason why the Qantas share price could well fly higher from here.

Falling fuel costs.

This time last year Brent crude oil was trading for US$105 per barrel. Brent topped out above US$123 per barrel last June. Today that same barrel is trading for US$78 per barrel.

With jet fuel representing some 40% of Qantas costs, lower fuel prices could result in some sizeable profit increases, which the market may not yet be pricing in.

As for Goldman Sachs, the broker has a buy rating on the airline with an $8.30 target on the Qantas share price. That is some 26% above the current price.

Qantas share price snapshot

So far in 2023, the Qantas share price has gained 11%.

The post Up 21% in a year, can the Qantas share price keep flying higher? appeared first on The Motley Fool Australia.

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More reading

• Why 29Metals, Allkem, Alliance, and Rio Tinto shares are falling today
• Qantas share price rises despite BRUTAL blow from watchdog
• Buy Qantas and this blue chip ASX 200 share: analysts
• Why is the Qantas share price having such a strong start to the week?
• Buy these ASX 200 shares for huge returns: brokers

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 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 Materials Index (ASX: XMJ) is 0.1% in the red today, but these three ASX 300 mining shares are bucking the trend.

Santa Barbara Ltd (ASX: SBM), Nickel Industries Ltd (ASX: NIC), and Resolute Mining Ltd (ASX: RSG) shares are all lifting today.

Let’s take a look at what these three ASX 300 mining shares reported to the market.

St Barbara

St Barbara shares are up 2.52% at the time of writing to 61 cents apiece. The company reported gold production of 58,567 ounces, down 4% in the third quarter. Realised gold price rose 5.4% on the previous quarter to $2,713 an ounce.

Gold production at Leonora and Simberi fell, while it improved at the company’s Atlantic operations. The company achieved a group All-In Sustaining Cost (AISC) of $2,553 a tonne, 4% better than the previous quarter.

Even with today’s gain, St Barbara shares have slid 54% in the last year.

Nickel Industries

Nickel Industries shares are up 0.53% to 95 cents each. The company reported record quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) from operations of US$113.2 million. Nickel Industries achieved record RKEF [rotary kiln-electric furnace] quarterly production of 26,665 tonnes of nickel metal, up 15.6% on the previous quarter. Quarterly sales were also a record, reaching US$487.9 million.

Commenting on the outlook for the future, managing director Justin Werner said:

We look forward to another strong second quarter in 2023 as we should start to realise improved margins at ONI and continued increased production and sales

Nickel Industries shares have slid 17.5% in the last 12 months.

Resolute Mining

Resolute Mining shares are 2.73% higher this afternoon, fetching 45.2 cents apiece. The company reported 92,259 ounces of gold poured, up 1% on the previous quarter. The average realised gold price jumped 4% to $1,890 an ounce. The All-In Sustaining Cost (AISC) fell 6% on the previous quarter to $1,453 an ounce. The company’s net debt has fallen 37% to $19.9 million.

Commenting on the results, CEO and managing director Terry Holohan said:

I am pleased to report another solid quarter for Resolute, recording a sixth consecutive increase in production with 92,259 oz of gold poured, underpinned by improved productivity at all three mines (Syama Sulphide, Syama Oxide and Mako).

Resolute Mining shares have returned nearly 58% in the past 52 weeks.

The post 3 ASX 300 mining shares climbing following quarterly updates appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Guess which ASX All Ords stock has just had its share price target slashed 30% by a top broker
• Why has the shine come off ASX gold shares this week?
• Why Ramelius, Sayona Mining, St Barbara, and Woodside shares are dropping today
• Why AMA, New Hope, Regis Resources, and St Barbara shares are dropping

Motley Fool contributor Monica O’Shea 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 Lake Resources N.L. (ASX: LKE) share price has hit a new 52-week low of 41 cents today.

The ASX lithium share is down 4.7% today and down 80% over the past 12 months. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.37% today and down 0.95% over the year.

The latest news dragging on the Lake Resources share price

ASX lithium shares with operations in South America were all hit by news out of Chile last Friday.

The Chilean Government has decided to nationalise its lithium industry. The government plans to set up a state-owned lithium company that will take a controlling stake in local producers. Yikes.

Lake Resources shares have fallen 10% since this news broke. Argosy Minerals Limited (ASX: AGY) shares and Allkem Ltd (ASX: AKE) shares also took a hit given they all have mines in neighbouring Argentina.

ASX investors are now concerned that Argentina might want to replicate Chile’s decision in the future.

Institutional investor takes advantage of fallen price

Although it’s depressing for existing investors to see the Lake Resources share price this low, it’s interesting to note that United States financial services company State Street Corporation is buying.

Clearly, it sees an opportunity to nab Lake Resources shares for a good price, and it wouldn’t be buying if its analysts weren’t convinced of a bright future ahead.

State Street became a substantial holder of Lake Resources shares on 19 April with a 5.01% stake.

It increased its stake to 6.03% on 24 April — three days after the news from Chile — indicating that its analysts may not be fazed by this particular development.

Have Lake Resources shares hit bottom?

Investors are sure hoping so.

The Lake Resources share price has tumbled from an all-time high of $2.65 in April last year to 41 cents today. That’s a gut-wrenching 85% loss.

A number of things have happened during this period to bring the share price down.

There was the seemingly acrimonious resignation of CEO Steve Promnitz, then projections that lithium prices would fall, and a devastating attack by United States short seller J Capital.

All of this drama led to Lake Resources becoming one of the most shorted shares on the ASX. The short interest today is 8.06%, according to the latest ASIC figures.

However, recent news from Lake Resources indicates perhaps the worst is over.

The company appears to have debunked one of J Capital’s assertions by showing that its ion exchange DLE technology works.

On 3 April, Lake Resources announced independent verification of above 99.8% grades and purity for lithium carbonate produced at its flagship Kachi Project in Argentina using its DLE technology.

Two weeks later, the company announced first production of 2,500kg of lithium carbonate equivalents (LCE) “with minimal environmental impact”.

The company said it took 1,000 times less land and 10 times less water to produce its LCE than traditional methods.

This is important because Lake Resources seeks to establish itself as a cleaner producer of lithium than other companies, which it hopes will make it more appealing to ESG-focused customers and investors.

Lake Resources CEO David Dickson said DLE was “a new process that has now been proven …”.

Lake Resources says Kachi is now ‘on track’ for commercial-scale development.

What do the experts think?

As we covered last month, Bell Potter thinks the Lake Resources share price could grow five-fold in the next year.

At the time, the broker had a speculative buy rating on Lake Resources with a share price target of $2.52.

The post Lake Resources share price hits new 52-week low. Has it bottomed? appeared first on The Motley Fool Australia.

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More reading

• Why BHP, InvoCare, Lake Resources, and South32 shares are dropping today
• Why are ASX lithium shares powering higher today as the resource sector bleeds?
• ‘A new process now proven’: Lake Resources share price stabilises as short seller’s claim debunked
• Here are the top 10 ASX 200 shares today
• Why EML, Lake Resources, Lindsay, and Sayona Mining shares are racing higher

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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Lots of Aussies rely on their salary to bring in the cash flow to fund their household expenditure. But ASX shares could be the ticket to unlocking a monthly second income of $500 through dividends. How good would that be?

It may be an obvious thing to say, but the more that someone earns in wages, the more they’re able to invest.

Certainly, how much someone is in a position to invest may look different for each household.

Saving 15% could mean putting aside $500 a month for one person, which is a solid amount of savings.

But for someone else, saving 15% could mean being able to put $3,000 into ASX shares every month.

Second income of $500 per month

Over the long term, compounding can generate significant wealth generation.

The ASX share market has managed to achieve an average return per annum of around 10%. This could double someone’s money in around eight years.

If someone saved $500 a month and invested it into ASX shares which grew at an average of 10% per year, it would reach $95,600 after ten years, $190,600 after 15 years, and $343,600 after 20 years.

The numbers grow a lot quicker for someone investing $3,000 a month. After ten years, someone might have $573,747; in 15 years it could grow to $1.14 million, and after 20 years this could be $2.06 million.

Readers can play around with this excellent compound calculator to figure out how much their monthly investment number would grow.

$500 of monthly passive income

Knowing how much you need to have invested for $500 of monthly passive income comes down to the dividend yield.

If we think of $500 per month as an annual dividend, that’s $6,000 which can then be divided into a monthly amount.

If the person investing $500 per month ends up with a $95,600 portfolio then investors would need to have a dividend yield of 6.3% if they wanted $6,000 per year. There are plenty of ASX dividend shares that have a dividend yield of more than that, such as Adairs Ltd (ASX: ADH) and GQG Partners Inc (ASX: GQG).

An investment total of $190,600 would mean investors only need to target a dividend yield of 3.1%. I think there are plenty of solid ASX dividend shares that have records of dividend reliability with a grossed-up dividend yield that’s not too far from that, such as Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and Sonic Healthcare Ltd (ASX: SHL).

Foolish takeaway

I believe it’s possible for most households to build a solid second income thanks to ASX dividend shares, though it’s a bit trickier at the moment with inflation and higher interest rates.

But, compounding can do a lot of the wealth-building work.

The post Investing 15% of my salary could yield $500 in a monthly second income appeared first on The Motley Fool Australia.

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More reading

• An ASX 200 share I’d buy with my last $2,000!
• Morgans says these are some of the best ASX dividend shares to buy
• 5 dividend shares I think are among the safest on the ASX
• 2 ASX dividend shares offering exciting yields over 7%
• Passive income beasts: 2 ASX dividend shares I’d buy for the next decade

Fetching Disclosure…

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A company’s directors are assumed to be among the most knowledgeable on its ins and outs, risks and rewards, and potential ups and downs. Thus, market watchers tend to pay attention when an insider buys or sells their company’s shares – and these All Ordinaries Index (ASX: XAO) directors have been doing just that lately. Let’s take a look.

3 ASX All Ords shares bought and sold by insiders this week

3P Learning Ltd (ASX: 3PL)

There’ve been some big parcels of 3P Learning shares swapping hands among the All Ords company’s directors recently.

Non-executive director Craig Coleman was a buyer last week, snapping up 1.4 million stocks in the online education resources provider for a grand total of around $1.68 million – approximately $1.20 apiece.

On the other side of the fence, managing director and co-founder Matthew Sandblom offloaded 913,000 shares for close to $1.1 million ­– or $1.20 apiece. Sandblom still holds around 136 million shares in the company, representing a 49% stake.

And so far, neither director has realised any gains or missed opportunities. The All Ords share is still trading at $1.20 today.

Orora Ltd (ASX: ORA)

Over at All Ords packaging company Orora Ltd, CEO and managing director Brian Lowe has been selling shares.

The company’s boss sold 95,000 shares on market a week ago and transferred another 170,000 between his direct and indirect holdings. Each stock he sold saw him receive $3.50, for a total of $332,500.

The Orora share price is trading 3% lower at $3.40 today.

Lycopodium Ltd (ASX: LYL)

Finally, ASX All Ords engineering company Lycopodium has also been the subject of recent insider selling.

Founding partner and non-executive director Rodney Leonard sold a 100,000-strong parcel of the company’s stock for a grand total of around $1 million last week. That means each share was offloaded for approximately $10.12.

That’s seemingly unfortunate given the Lycopodium share price is trading at $10.59 at the time of writing.

The post 3 ASX All Ords shares being bought and sold by directors appeared first on The Motley Fool Australia.

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More reading

• Investing 15% of my salary could yield $500 in a monthly second income
• Allkem share price pops amid Rio Tinto takeover rumours
• The Zip share price is down 49% in a year. Here’s why I still won’t buy
• 12 ASX dividend shares with yields over 10%. Are they too good to be true?
• 2 ASX All Ordinaries stocks leaping higher following strong quarters

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Orora. 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 Allkem Ltd (ASX: AKE) share price is having a top run on the market today.

Allkem shares are rising 3.27% and currently fetching $11.70. In contrast, the S&P/ASX 200 Materials Index (ASX: XMJ) is sliding 0.05% today.

Let’s take a look at what is going on at Allkem.

What’s going on?

Allkem is outperforming multiple ASX lithium shares on the market today. For example, Core Lithium Ltd (ASX: CXO) shares are sliding 1.01%, Lake Resources N.L. (ASX: LKE) shares are shedding 2.94% and Sayona Mining Ltd (ASX: SYA) shares are down 3.75%. Pilbara Minerals Ltd (ASX: PLS) shares are rising 1.01%,

News has emerged that Allkem could be a potential takeover target for ASX 200 mining giant Rio Tinto Ltd (ASX: RIO).

A source told The Australian Rio Tinto “could make a play” for Allkem. Now could be a good time for Rio to pounce, according to the source, given the lower lithium prices.

Allkem produces lithium at the Olaroz Lithium project in Argentina. The company also produces spodumene concentrate from the Mt Cattlin project in Ravensthorpe, Western Australia.

Rio Tino also has operations in Argentina and Western Australia. The company acquired the Rincon lithium project in Argentina in 2022 for $825 million.

In a quarterly report last week, Allkem reported a 38% boost in lithium production at the Olaroz lithium facility to 4,102 tonnes. At Mt Cattlin, 21,533 dry metric tonnes (dmt) of spodumene concentrate was shipped, up from 15,702 dmt in the December quarter.

The team at Morgans has recently maintained an “add” rating on the Allkem share price with a lower price target of $14.70.

Goldman has also recommended the Allkem share price as a buy and placed a $12.90 price target on the company’s share price. Analysts said:

Allkem has one of the best production outlooks in our lithium coverage, with broad-based growth optionality, second only to Mineral Resources on an LCE basis when including downstream hydroxide production on an equity basis.

Allkem share price snapshot

The Allkem share price has shed 2.5% in the last year.

Allkem has a market capitalisation of about $7.46 billion based on the current share price.

The post Allkem share price pops amid Rio Tinto takeover rumours appeared first on The Motley Fool Australia.

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More reading

• Want to buy ASX 200 mining shares? Goldman Sachs says these are top buys
• Why are ASX lithium shares powering higher today as the resource sector bleeds?
• Top brokers name 3 ASX shares to buy next week
• Brokers name 3 ASX shares to buy now
• Should lithium investors buy the dip in the Allkem share price?

Motley Fool contributor Monica O’Shea 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 Zip Co Ltd (ASX: ZIP) share price is edging higher at the time of writing.

Shares in the ASX buy now, pay later (BNPL) company are up 1% in the lunch hour on Thursday, trading for 52 cents apiece.

But there will need to be a lot more buyers in the pipeline to send the stock back to the levels it was trading at a year ago.

On 27 April 2022, the Zip share price stood at $1.01. Meaning shares have tanked a painful 49% over the year.

As for investors who bought in near the all-time highs in mid-February 2021, they’ll be nursing losses of 96%.

Ouch.

With the Zip share price halved in 12 months is it time to buy?

Despite the massive drop in the Zip share price, I have no plans to buy the ASX BNPL stock.

Now that doesn’t mean I plan to short the stock either.

It’s simply that there’s far too much uncertainty ahead, in my view, to invest in the company’s future at this stage. And when I invest my hard-earned money, I like to have an element of certainty.

While Zip’s latest quarterly results showed a year-on-year improvement in revenues and transaction volumes, credit losses remain a concern, in my opinion. Credit losses in Australia, a core market, increased over the last quarter to 2.6% of total transaction volume.

With inflation in Australia and much of the world continuing to run above central bank targets, I expect we’ll see at least one more interest rate increase from the RBA and the US Federal Reserve.

Higher rates amid still high inflation are likely to continue squeezing some of Zip’s customers. So those credit losses may be tough to bring down. In fact, they could well go higher over the coming year.

Keep an eye on those regulations

Then there are looming new regulations that could throw up headwinds for the Zip share price.

In February, the Australian Securities and Investments Commission (ASIC) revealed it supported the most stringent of the new regulatory proposals. This would see ASX BNPL shares subject to very similar regulations faced by credit card companies. That could in turn see their customer numbers dwindle, further pressuring the Zip share price.

Which brings us to the competition. Namely those credit card companies and the big banks.

I like to invest in shares with a good-sized moat, or barriers to entry. But, as we’ve already witnessed over the past year, there’s nothing stopping banks or credit card companies from offering their own interest-free, pay-by-instalment products.

So, despite the 49% fall in the Zip share price over the year, I think there are better opportunities for ASX investors, like the big four banks.

The post The Zip share price is down 49% in a year. Here’s why I still won’t buy appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares this week
• Why Bank of Queensland, Link, Silk Laser, and Zip shares are pushing higher
• Zip share price climbs on 15% revenue boost
• These are the 10 most shorted ASX shares this week
• Why 29Metals, Block, Champion Iron, and Zip shares are dropping today

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 positions in and has recommended Zip Co. 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 ASX boards are home to hundreds of shares. And many of them pay out dividends to their investors every year.

The relationship between the dividends per share that a company pays and the price that a company’s shares trade at produces the metric we know as the dividend yield.

Most ASX shares offer investors dividends yields of between 3 and 6%. But some go higher than that. In fact, the ASX houses many shares that currently have a trailing yield of above 10%. Here are a dozen such shares:

ASX dividend share	Last share price (at the time of writing)	Dividends per share (trailing)	Current dividend yield
Terracom Ltd (ASX: TER)	$0.63	$0.225	35.89%
Yancoal Australia Ltd (ASX: YAL)	$5.53	$1.2271	22.19%
Regal Investment Fund (ASX: RF1)	$2.83	$0.4456	15.8%
BSP Financial Group Ltd (ASX: BFL)	$4.87	$0.6159	14.92%
Magellan Financial Group Ltd (ASX: MFG)	$7.98	$1.1581	14.51%
Australian Clinical Labs Ltd (ASX: ACL)	$3.49	$0.48	13.71%
Liberty Financial Group Ltd (ASX: LFG)	$3.93	$0.49	13.41%
Zimplats Holdings Ltd (ASX: ZIM)	$25.63	$2.9621	11.56%
New Hope Corporation Limited (ASX: NHC)	$5.30	$0.61	11.51%
Woodside Energy Group Ltd (ASX: WDS)	$33.64	$5.3534	11.16%
Office Centuria REIT (ASX: COF)	$1.44	$0.1474	10.23%
Whitehaven Coal Ltd (ASX: WHC)	$7.18	$0.72	10.03%

So are these ASX dividend shares all screaming buys? Can investors really expect to get at least 10 cents on every dollar invested back every year by investing in these companies?

When is a 10% yielding ASX divided share a trap?

Well, not so fast. As a rule, income investors should be very careful when dealing with an ASX dividend share offering a yield of 10% or higher. As we went through earlier, the dividend yield is a function of a company’s share price, as well as its raw dividends per share. Thus, if the market is pricing a dividend share with a high yield, it is usually for a reason.

Looking at this list, we can see it is dominated by ASX energy shares. Terracom, Yancoal, Whitehaven, and New Hope are all ASX coal miners, and Woodside is an oil share. These companies’ earnings (and thus dividends) are notoriously cyclical and depend almost entirely on the coal and oil prices at the time.

Recently, high energy prices have turbocharged these companies’ profitability. But investors know that energy pricing booms don’t last forever, and neither do the dividends that are funded by them. So that’s probably why these companies are seemingly offering such large dividend yields right now.

It’s not just ASX energy shares either

The other ASX dividend shares listed here also have their own problems. Magellan is a fund manager that has dramatically fallen from grace over the past few years. I would wager that it would be hard to find any serious investor who expects this company to pay out the same $1.16 in dividends per share over the next year as it did the last.

As such, you should always take an ASX dividend share offering a yield of 10% or higher as nothing more than an invitation to dig a little deeper.

It is entirely possible to find a 10%-er that will indeed prove to be a solid and reliable income stock to invest in. But more often than not, these types of income shares turn out to be dreaded dividend traps — luring investors in with a seemingly high yield, only to cut it down the road.

So choose your high-yielding dividends wisely. This is a dangerous field to be digging in for income.

 

The post 12 ASX dividend shares with yields over 10%. Are they too good to be true? appeared first on The Motley Fool Australia.

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More reading

• Why is the Woodside share price lagging the ASX 200 today?
• Invested in Woodside shares during the May 2022 dip? Here’s the dividend yield you’re earning today
• 5 things to watch on the ASX 200 on Wednesday
• Leading brokers name 3 ASX shares to buy today
• Could the bountiful dividends from Woodside shares be at risk?

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 All Ordinaries Index (ASX: XAO) is having a rough session on Thursday, but two stocks are defying the slump.

While the All Ords is falling 0.4% to 7,472.9 points, these stocks are leaping as much as 7% on the back of strong quarterly updates.

2 ASX All Ordinaries stocks surging on quarterly updates

Helloworld Travel Ltd (ASX: HLO)

First up, All Ordinaries travel stock Helloworld is soaring 7.43% today to trade at $2.89.

It comes on news the company’s underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) jumped to $14.2 million last quarter. That’s up from a $4.9 million loss in the prior comparable period.

Its total transaction value (TTV) also shot 150% higher to $596.2 million while its revenue launched 240% to $46.9 million.

Also excitingly, Helloworld bolstered its full-year guidance on the back of its strong performance.

It now expects to post between $38 million and $42 million of underlying EBITDA for financial year 2023 – a $10 million improvement on its previous forecasts.

Incannex Healthcare Ltd (ASX: IHL)

Joining Helloworld stock in the green is that of Incannex. The pharmaceutical development company’s share price is roaring 4.35% higher to trade at 12 cents at the time of writing.

The company released its update on the March quarter this morning, within which it narrowed the timeframe for the commercialisation of its psychedelic-assisted psychotherapy business, Psychedelic Clinics.

The first ‘model’ clinic is on track to be ready to open in Melbourne before September. It will be capable of treating over 600 patients per year during normal working hours.

The company also continued activities associated with the dosing of trial participants in its bioavailability and bioequivalence (BA/BE) clinical trial, assessing the pharmacokinetics and tolerability of the two active pharmaceutical ingredients in IHL-42X.

It’s aiming to submit an investigational new drug (IND) application with the US Food and Drug Administration (FDA) this quarter.

Incannex posted around $4.3 million of cash outflows last quarter to end the period with $37.1 million of cash.

The post 2 ASX All Ordinaries stocks leaping higher following strong quarters appeared first on The Motley Fool Australia.

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More reading

• Why is the Woodside share price lagging the ASX 200 today?
• Newcrest share price slides amid lower gold production
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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 Helloworld Travel. The Motley Fool Australia has positions in and has recommended Helloworld Travel. 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 Woodside Energy Group Ltd (ASX: WDS) share price is lagging the benchmark today.

Shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed yesterday trading for $33.92. Shares are currently changing hands for $33.47, down 1.3%.

That compares to a loss of 0.5% posted by the ASX 200 at this same time.

So, what’s going on?

All eyes on the world’s top two economies

With no price-sensitive news out from the company today, the Woodside share price looks to be under some pressure from a sharp retrace in crude oil prices overnight.

Brent crude tumbled to US$77.82 per barrel while West Texas Intermediate crude fell to US$74.76 per barrel.

That puts both global oil benchmarks down approximately 11% over the past two weeks.

Crude – and the Woodside share price – largely trended higher over the first weeks of April. That came after the Organization of Petroleum Exporting Countries (OPEC+) surprised the markets by announcing a million barrels per day production cut on 2 April.

But with investors concerned over the demand outlook from the United States and China, the world’s top two economies, not even yesterday’s inventory report from the US Energy Information Administration (EIA) – showing a 5.1 million barrel decline in the country’s crude inventories – was enough to lift crude prices.

Or, for that matter, the Woodside share price.

Rebecca Babin, a senior energy trader at CIBC Private Wealth, said the inventory decline was “a strong number” (courtesy of Bloomberg).

Babin continued:

But it is not really being reflected in price action because the market wants to see the China demand story play out and is still betting the US slows down significantly in the second half.

Indeed, from declining iron ore prices to sliding oil prices, the big uptick in demand the market had priced in from China’s reopening is taking longer to materialise than most analysts had forecast.

Woodside share price snapshot

The Woodside share price has seen its fair share of ups and downs, mostly moving higher or lower on fluctuating oil and gas prices.

With more ups than downs, Woodside shares have gained 8% over the past 12 months.

The post Why is the Woodside share price lagging the ASX 200 today? appeared first on The Motley Fool Australia.

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More reading

• Invested in Woodside shares during the May 2022 dip? Here’s the dividend yield you’re earning today
• 5 things to watch on the ASX 200 on Wednesday
• Could the bountiful dividends from Woodside shares be at risk?
• Passive income plan: I’d invest $100 a week in ASX 200 shares to earn $7,500 of annual dividends
• The Woodside share price is sliding today. Here’s why

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 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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