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Given the strong potential returns on offer at the small end of town, having a little exposure to it could potentially give a balanced portfolio a boost.

With that in mind, if your risk tolerance allows for it, you may want to get better acquainted with these highly rated small cap shares:

Adore Beauty Group Limited (ASX: ABY)

The first small cap to watch is Adore Beauty. It is Australia’s leading online beauty retailer. While its near term growth may be subdued as it cycles elevated sales at the height of the pandemic, it has been tipped to resume its rapid growth soon after. Analysts at UBS are positive on its outlook. The broker currently has a buy rating and $5.60 price target on its shares.

Booktopia Group Ltd (ASX: BKG)

The second small cap ASX share to watch is Booktopia. This online book retailer has been growing at an explosive rate in FY 2021. For example, during the first half, the company reported a 51.1% increase in revenue to $112.6 million and a 502.3% jump in underlying EBITDA to $8 million. It then followed this up with a 53% increase in quarterly revenue during the third quarter. This is being driven by the shift to online shopping and its new distribution centre. Morgans is a fan of Booktopia and is expecting further market share gains. It has an add rating and $3.54 price target on its shares.

Universal Store Holdings Limited (ASX: UNI)

Another small cap to watch is Universal Store. It is a fashion retailer targeting the 16-35 year old fashion focused customer. It has been a very positive performer during the pandemic, reporting impressive growth during the first half of FY 2021 and then again during the third quarter. This appears to have positioned Universal Store for a bumper full year profit result. Morgans currently has an add rating and $8.37 price target on its shares.

The post 3 exciting small cap ASX shares to put on your watchlist appeared first on The Motley Fool Australia.

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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 recommended Adore Beauty Group Limited and Booktopia Group Limited. 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 Bruce Jackson.

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The Lovisa Holdings Ltd (ASX: LOV) share price finished the day 7% higher. You would think such a move would come with an announcement. Though the jewellery retailer itself had no news, the company’s co-founder Brett Blundy certainly did.

Lovisa shares have made for a great investment over the past year. After today’s gain, the Lovisa share price has appreciated 160% since a year ago.

Another one bites the dust

Brett Blundy, Lovisa co-founder and chairman of the board, has revealed yet another business sale. The jewellery retailer’s share price climbed today and so did Brett Blundy’s wealth following the sale of his investment firm’s ownership in Honey Birdette to Playboy owner PLBY Group Inc (NASDAQ: PLBY) for $US333 million ($A443 million) in cash and stock.

Honey Birdette is a luxury lingerie and lifestyle brand founded in Australia back in 2006. Blundy’s investment company, BBRC International held a 62% stake in the company founded by Janelle Barboza and Elouise Monaghan. Over the years the ‘racy’ retailer has expanded, now operating across Australia, the United States, and the United Kingdom with 60 stores.

Exploring the financials, the company expects to achieve $73 million in revenue and roughly $28 million in earnings before interest, tax, depreciation, and amortisation (EBITDA) for FY21. Impressively, this would represent an increase of more than 40% and 95% respectively.

The sale of Honey Birdette is not Blundy’s first lingerie exit. Back in 2018, the Lovisa co-founder cashed out of Bras N Things for $500 million — that one went to Hanesbrands Inc. (NYSE: HBI).

And the Lovisa share price?

It’s hard to say what dots investors might be connecting on this one. Perhaps the sale instils confidence in Lovisa shareholders for Blundy’s leadership. Or maybe the market is speculating over the retailer’s future buyout potential.

The billionaire has certainly backed plenty of winners in the retail space. For instance, Adairs Ltd (ASX: ADH), Accent Group Ltd (ASX: AX1), and Universal Store Holdings Ltd (ASX: UNI) in the past year have gained 79%, 94%, and 66% respectively… and Mr Blundy is invested in all three.

Beyond that, the serial entrepreneur owns 40.2% of the Lovisa shares on offer and is by far the largest shareholder.

The post Lovisa (ASX:LOV) share price gains 7% following co-founder’s Honey sale appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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One thing the S&P/ASX 200 Index (ASX: XJO) is not short of is dividend shares. Which certainly is a big positive in this low interest rate environment.

Two ASX 200 shares that have been tipped to grow their dividends are listed below. Here’s what you need to know about them:

Sonic Healthcare Limited (ASX: SHL)

The first ASX dividend share to look at is Sonic Healthcare. It is one of the world’s leading healthcare providers, with operations in Australasia, Europe and North America. It currently employs more than 1,500 pathologists and radiologists, and more than 10,000 medical scientists, radiographers, sonographers, technicians, and nurses.

It has also just added to its network with a binding agreement to acquire 100% of Canberra Imaging Group. Management believes the acquisition is a significant and positive step in the development of Sonic’s Imaging division in Australia, broadening its footprint, deepening its talent pool, increasing the revenue of the division by ~10%.

In the meantime, Sonic appears well-placed for growth in the near term thanks to the increased demand for COVID testing.

One broker that is positive on Sonic is Credit Suisse. It currently has an overweight rating and $40.00 price target on its shares. The broker is also forecasting dividends of 97 cents per share in FY 2021 and 98 cents per share in FY 2022. Based on the latest Sonic share price of $38.40, this will mean yields of 2.5% and 2.6%, respectively.

Wesfarmers Ltd (ASX: WES)

Another dividend share to look at is Wesfarmers. It is the conglomerate behind several popular retail brands such as Bunnings and Kmart and a diverse group of industrial businesses.

It has been a strong performer in FY 2021 thanks to positive performance across the majority of its businesses. Though, the star of the show continues to be the key Bunnings business. The hardware giant has been benefiting from the housing market boom and home improvement-related stimulus, underpinning impressive sales and profit growth this year.

Macquarie appears confident that its growth can continue and is forecasting fully franked dividends of $1.74 per share in FY 2021 and $1.76 per share in FY 2022. This implies yields of 2.9% and 3%, respectively, over the next two years.

The post 2 ASX 200 shares growing their dividends appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Qantas Airways Limited (ASX: QAN) share price had a decent trading day today. By close of trade, shares in Australia’s national carrier were selling for $4.66 – up 2.42%. For context, the S&P/ASX 200 Index (ASX: XJO) was 0.16% higher.

While there haven’t been any market sensitive announcements over the past week, Qantas shares have been quite volatile, reaching a low of $4.46 and a high of $4.78 during the period.

Let’s take a closer look at the company.

Qantas shares are trading higher

Today’s price rise comes off a sluggish two trading days for the Qantas share price. While there are no definitive answers as to why Qantas shares have struggled recently, there may be a likely explanation: coronavirus.

As we reported on Monday, ASX travel shares took a hammering on the first trading day of Sydney’s two-week lockdown.

COVID-related lockdowns are now mandated in Darwin, Perth, southeast Queensland and Townsville. All other states and New Zealand have some form of COVID restrictions and/or closed border policies.

The situation, however, has not notably improved today. In fact, another city, Alice Springs, has gone into lockdown and new, linked cases have emerged in Adelaide and Melbourne.

None of these developments, it would seem, have enough pull on the Qantas share price. Perhaps investors may be feeling easier about the nation’s COVID situation.

The post The Qantas (ASX:QAN) share price finished 2.5% higher today appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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There are a handful of S&P/ASX 200 Index (ASX: XJO) shares that have the potential to produce growth over the longer-term.

Businesses in the ASX 200 might be one of the national or global market leaders in their industry. COVID-19 has been disruptive but there could be growth potential over the longer-term for these two ASX shares:

Resmed CDI (ASX: RMD)

Resmed is an ASX healthcare tech share. Its digital health technologies and cloud-connected medical devices provide care for people with sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases. Resmed says that its out-of-hospital software platforms support the professionals and caregivers who help people stay healthy.

Some of its products have been involved in helping in the treatment of COVID-19 patients. But the global recovery from these COVID times and vaccinations are seeing an ongoing of core patient flow across the business.

Excluding the COVID-19 revenue from the quarter ending 31 March 2020 quarter, the ASX 200 share achieved positive revenue growth in the quarter ending 31 March 2021. Net operating profit also increased.

The Resmed CEO Mick Farrell said:

Going forward, we see accelerated awareness of the importance of respiratory health, growing adoption of digital health, and an increased focus on the importance of healthcare delivered at home. We are confident in accelerated growth in patient flow, and ongoing progress toward our goal of improving 250 lives in out-of-hospital healthcare in 2025.

According to Commsec, the Resmed share price is valued at 47x FY21’s estimated earnings.

Cleanaway Waste Management Ltd (ASX: CWY)

Cleanaway is a leading total waste management, industrial and environmental services ASX 200 share. It has the largest waste, recycling and liquids collections fleets on the road, supported by a network of recycling facilities, transfer stations, engineered landfills, liquids treatment plants and refineries.

There are a few different growth trends that Cleanaway can benefit from. After export bans, there is an onshoring recycling opportunity. There is also a move towards a ‘circular economy’ with demand for locally recycled inputs.

Energy from waste is also an emerging multi-dollar industry, according to the ASX 200 business. It could be a key way to reduce greenhouse gas emissions.

Cleanaway recently announced a $501 million acquisition of Suez’s post collection assets to enhance its Sydney footprint. It delivers more than 10 years of airspace in the attractive Sydney market, whilst complementing Cleanaway’s collections operations.

This deal immediately adds to its underlying earnings and increases margins.

In the first half of FY21, it grew its underlying net profit after tax by 6.5%, with statutory profit jumping 75.3% to $79.4 million.

At the time of the half-year result, the ASX 200 share said that uncertainty in the trading environment continues, more so in some regions and industries than others. Despite that, Cleanaway said it remains confident that FY21 underlying EBITDA will be moderately higher than FY20.

Cleanaway is currently rated as a buy by Macquarie Group Ltd (ASX: MQG) with a price target of $3. The broker likes the growth trends that Cleanaway is exposed to.

The post 2 ASX 200 shares that might be buys for growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX gold shares have largely been trailing the broader market this year.

The gold price dropped another 0.2% overnight and is currently at a 10-week low of US$1,757 (AU$2,343) per ounce. That’s now down 15% from the US$2,064 that same ounce was worth on 6 August.

With gold edging lower again, most ASX gold shares finished the day down.

Newcrest Mining Ltd (ASX: NCM), for example, was down 1.6% to $25.28 per share.

Evolution Mining Ltd (ASX: EVN) slipped 0.66% to $4.50 per share.

And Northern Star Resources Ltd (ASX: NST) was down 1.51% to $9.78 per share.

But according to Saxo Market’s Ole Hansen, head of commodity strategy, gold could be in for a rebound, offering some welcome tailwinds to ASX gold shares.

The bullish case for gold

In Saxo’s Q3 2021 Quarterly Outlook report, Hansen said:

It’s our view that rising inflation is likely to be longer-lasting than transitory, thereby creating continued demand from investors as they will need real assets such as commodities to hedge their portfolios.

Combining this with our overall negative dollar view, precious metals – both gold and silver – should continue to attract demand, especially if an expected rise in Treasury yields are driven by rising inflation expectations, thereby preventing real yields from rising too far.

That’s Saxo’s mid-term view.

Citing short-term risks for the gold price, and hence ASX gold shares, is Carsten Fritsch, an analyst at Commerzbank AG.

According to Fritsch (as quoted by Bloomberg):

Gold repeatedly failed to overcome the 100-day moving average in recent days, which was a bearish sign. There is a risk now that so far patient ETF investors jump on the bandwagon and sell their holdings. This would amplify the downward move. 

With ASX gold shares heavily influenced by the price of the yellow metal they dig from the ground, investors will be eyeing the price moves closely.

If Saxo’s Hansen has it right and gold continues to attract demand in the upcoming quarter, it may prove an opportune time to buy the dip.

How these ASX gold shares moved this year

All 3 of the ASX gold shares listed above are in the red for the past 12 months.

The Northern Star Resources share price is down 27% over 12 months and down 23% year-to-date.

The Evolution Mining share price is down 20% in 12 months and down 10% so far in 2021.

And the Newcrest Mining share price is down 20% since this time last year and down 2% year-to-date.

The post ASX gold shares could be in for a lift: Saxo Markets appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The Liontown Resources Limited (ASX: LTR) share price soared more than 9% higher today.

Today’s bullish price action has propelled shares in the mineral explorer to a new 52-week high.

At market close, the Liontown share price is trading at 85 cents. Shares in the company were up more than 10% earlier today after hitting an intraday high of 86.5 cents.

Let’s take a look at what’s fuelling the Liontown share price.

Snapshot of the Liontown share price

Liontown has not released any price sensitive news that could explain today’s bullish movements.

Shares in the mineral explorer have been on a miraculous run in the past month. The Liontown share price has surged more than 80% since the end of May. In addition, shares in the company have rocketed more than 137% since the start of the year.

What is fuelling the Liontown share price?

The Liontown share price has been the beneficiary of increased mining exploration expenditure and a commodity price boom in 2021.

Liontown is best known for its Kathleen Valley Lithium project in Western Australia. Late last year, the company informed investors that the project was the 4^th largest hard rock lithium resource in the world.

In a pre-feasibility study last year, Liontown highlighted strong economics for the project. According to the company, the Kathleen Valley project has a net present value of $1.12 billion and development capital costs of ~$325 million. 

In a statement earlier this year, Liontown noted a number of additional improvements for the project. The company plans on having the mine commissioned and into production in the first half of 2025.

In addition to its lithium project, Liontown has identified 3 gold bedrock zones within its Moora Project. The company noted that further testing in the south-east zone was needed as the potential for more gold and copper reserves in the area is high.

Most recently, Liontown released an update on its intention to spin off its Moora and Koojan joint-venture projects.

The post Liontown (ASX:LTR) share price hits new 52-week high appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram 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 Bruce Jackson.

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Shares in Greenvale Mining Ltd (ASX: GRV) were gaining today, despite no news from the company. At market close, the Greenvale share price was trading 33.5 cents – 9.8% higher than its previous closing price.

Today’s gains have also seen the Greenvale share price hit a new 52-week high of 34 cents. It broke its previous record earlier this afternoon.

Greenvale shares have also experienced impressive growth in 2021, currently a whopping 157% higher than they were at the beginning of the year.

Let’s take a look at what the oil shale miner has been up to lately.

The month that’s been

The ASX has received a multitude of news from Greenvale this year, but only 2 pieces of price sensitive news in the last 30 days.

The first was released on 7 June, when the miner announced it was ready to begin a “multi-pronged, high-impact” exploration program at its Georgina Basin IOCG Project in the Northern Territory.

Greenvale also announced its wholly-owned subsidiary, Knox Resources Pty Ltd, had successfully received funding from the NT Government in the form of 2 grants from the Resourcing the Territory initiative.

The grants saw the state government contribute just over $26,000 – 50% of the total cost – towards the on-ground gravity program at the Georgina Basin Project. The program’s results are due to be released in mid-July.

The next time market heard from Greendale was on Monday when the company announced the successful completion of its core drill program at the Alpha Torbanite Project in central Queensland. The drill program has paved the way for its definitive feasibility study (DFS).

Greenvale expects to deliver the Alpha Torbanite Project’s DFS later this year.

Greenvale share price snapshot

It goes without saying that 2021 has been good year so far for the Greenvale share price. And so have the last 12 months, which have seen Greenvale shares gain more than 1000%.

The company has a market capitalisation of around $120 million, with approximately 393 million shares outstanding.

The post The Greenvale (ASX:GRV) share price hit a new 52-week high today appeared first on The Motley Fool Australia.

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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 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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) enjoyed a day on the green today, closing up 0.16% to 7,313 points.

We saw positive moves from most of the ASX banks, miners and other blue chips like Telstra Corporation Ltd (ASX: TLS) and Woolworths Group Ltd (ASX: WOW).

However, one sector did not join the party today. And that would be ASX gold miners.

Gold miners have fallen almost across the board. Take the largest by market capitalisation, Newcrest Mining Ltd (ASX: NCM). Newcrest shares closed down 1.60% at $25.28.

But investors in other gold miners wouldn’t be green with envy at that number. Miners like Regis Resources Limited (ASX: RRL),  Northern Star Resources Ltd (ASX: NST), Gold Road Resources Ltd (ASX: GOR) and Perseus Mining Limited (ASX: PRU) fared little better.

Perseus actually finished in the green today, up 0.34%. But Northern Star, Gold Road and Regis were down 1.51%, 1.56% and 1.67% respectively. Regis Resources actually finished on a new 52-week low of $2.36.

ASX investors take a gold shower

So why are we seeing such weakness across the board in this sector today? Well, as you might guess, it might be related to the price of gold itself. Gold is not in demand right now.

The yellow metal has continued to trade lower and sunk to an 11-week low over the past 24 hours. It’s going for US$1,761 an ounce a the time of writing.

It was only back at the start of June that gold was over US$1,900 an ounce. That was a 6-month high at the time. So this slide in the value of gold itself has clearly knocked some value off of the ASX companies that dig it out of the ground today.

Gold is often referred to as a ‘safe haven’ or ‘hedge’ asset. That’s because there’s a belief out there that gold tends to perform well during times of market uncertainty or stress. Especially when inflation is involved.

Conversely, when markets are strong and hitting new all-time highs (as they have been around the world over the past 2 months or so), gold often gets forgotten about. This may be why we are seeing an apparent lack of interest in gold and gold miners at the current time.

The post ASX gold miners like Regis (ASX:RRL) hit a 52-week low today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns shares of Newcrest Mining Limited and Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With a new financial year upon us, now could be a good time to consider making some additions to your portfolio.

If exchange traded funds (ETFs) are of interest to you, then you might want to look at the two listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF could be an ETF to consider. It is invested in 50 of the largest technology and ecommerce companies that have their main area of business in Asia (excluding Japan).

This means you’ll be investing in companies that are at leading Asia’s technological revolution. These are companies that have been tipped for strong long term growth due to the region’s younger, tech-savvy population, which is surpassing the West in terms of technological adoption.

BetaShares notes that this is a high-growth sector that is under-represented in the Australian sharemarket, and a complement to investors with U.S. technology exposure.

Among the 50 shares in the fund are tech giants such as Alibaba, Baidu, Infosys, JD.com, Meituan Dianping, Pinduoduo, Samsung, and Tencent Holdings.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Over the last 12 months, there have been countless stories about hackers holding businesses to ransom. Unfortunately, this threat is not going away any time soon, rather it is expected to get worse in the future.

In light of this, demand for cybersecurity services and solutions is tipped to grow very strongly over the 2020s. This could make it well worth gaining exposure to the sector. And one way to achieve this is with the BetaShares Global Cybersecurity ETF.

This popular ETF gives investors access to the leading companies in the global cybersecurity sector. Included in the fund are both global cybersecurity giants and emerging players from a range of global locations. This includes Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

The post 2 quality ETFs for the new financial year appeared first on The Motley Fool Australia.

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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. owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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