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The Bubs Australia Ltd (ASX: BUB) share price is sinking today. Shares in the infant formula and food manufacturer are trading 3.4% lower at 44.5 cents apiece at the time of writing.

Bubs has not released any price-sensitive news to explain today’s bearish price action. But the company’s shares have surged more than 18% in the past 2 weeks so it’s possible this could be prompting investors to cash in.

Let’s take a closer look at the recent news that could potentially influence the Bubs share price performance.  

Bubs expands into the US

The Bubs share price exploded in mid-June after the company announced plans to expand into the United States infant formula market.

The company advised that some of its products would be accepted for listing on the online platforms of US retail giants Walmart Inc (NYSE: WMT) and Amazon.com, Inc (NASDAQ: AMZN).

Bubs advised the initial launch in September would include 2 products from the company’s Aussie Bubs range. In addition, the company will release its first bi-lingual English and Hispanic label.

According to Bubs, the US formula market is worth a total of US$5.1 billion. In addition, the company has plans to establish a US-based subsidiary.

Bubs sells a number of different products including goat and cow’s milk formulations, organic baby foods, cereals and toddler snacks. These products are already sold throughout Australia, China, South East Asia and the Middle East.

Snapshot of the Bubs share price

The Bubs share price has struggled since the start of the COVID-19 pandemic in early 2020.

The company’s share price has plunged more than 50% over the past 12 months, hitting a 52-week low of 31.5 cents in May this year. Bubs shares are also down year-to-date, falling more than 26% since January.

At the time of writing, the company has a market capitalisation of $270.8 million.

The post The Bubs (ASX:BUB) share price is tumbling today appeared first on The Motley Fool Australia.

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• Bubs (ASX:BUB) share price explodes 17% on US launch
• The Bubs (ASX:BUB) share price is down 35% in 2021

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 recommended BUBS AUST FPO. 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) is enjoying a day in the green today. At the time of writing, the ASX’s flagship index is up a healthy 0.62% to 7,236 points. So let’s take a look at some of the ASX 200 shares that are being traded the most heavily today:

3 of the most active ASX 200 shares today

Pilbara Minerals Ltd (ASX: PLS)

Pilbara is back in the list, baby, although not at the number one spot it usually occupies. A still-impressive 11.44 million Pilbara shares have traded today though. There has been no major news or developments out of the ASX 200 lithium miner today. Well, apart from some routine paperwork that revealed Pilbara director Nicholas Carnotta recently unloaded 45,000 shares. The Pilbara share price is still up 1.2% so far today to $1.44 a share, so that move is likely to have triggered the high volume of Pilbara shares trading today.

Nuix Ltd (ASX: NXL)

Ah, Nuix… Things just seem to be going from bad to worse for this ASX 200 company. Nuix is today down a nasty 13.2% to $2.21 a share after hitting yet another all-time low of $2.16 this morning. A revelation this morning that former Nuix CFO Stephen Doyle is now a subject of an insider trading criminal investigation seems to be the catalyst here. A hefty 13 million Nuix shares have swapped hands today, likely as a result of this share price plunge. As it stands, Nuix shares are now down an unenviable 73.33% in 2021 so far.

Telstra Corporation Ltd (ASX: TLS)

ASX telco Telstra is the king of ASX 200 trading volumes today, with a massive 22.67 million Telstra shares changing owners so far. Telstra has the opposite problem of Nuix, being up substantially (not that that’s a problem for most investors). The Telstra share price has risen 4.58% today so far to $3.76 a share after touching a new 52-week high of $3.78 earlier this morning.

This morning, the telco announced it had orchestrated the sale of 49% of its mobile towers business InfraCo Towers to a number of institutional investors, including the Future Fund. ASX 200 investors have clearly reacted with excitement and may have upped Telstra’s trading volume as a result.

The post Here are 3 of the most active ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Nuix Pty Ltd. 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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Bitcoin (CRYTPO: BTC) is in the green in more ways than one.

Firstly, the price is up 2% over the past 24 hours, to US$35,234 (AU$46,979). That brings the token’s year-to-date gains back above 23%, according to data from CoinDesk.

Not bad, for investors who can stomach the wild volatility.

Secondly, the green light is on Bitcoin in regards to cutting its rocketing carbon footprint.

One heck of a carbon footprint

Bitcoin mining – verifying blockchain transactions and mining new tokens – uses a tremendous amount of energy. As much as all of the Netherlands, by recent estimates.

In a world that’s focused on decarbonising to limit potential global warming, being an energy hog isn’t a good look. Media attention – spurred by Tesla Inc (NASDAQ: TSLA) founder Elon Musk – of its huge carbon footprint is one reason Bitcoin’s price has come under pressure in recent months.

It’s also why some crypto miners are hoping to charge a 10% premium for Bitcoin that can be blockchain verified to have been mined by computers using only renewable energy.

Taking a different track…

Tyler Winklevoss has plans for green Bitcoin

Tyler Winklevoss is perhaps still best known for his legal stoush (alongside his twin brother Cameron) accusing Mark Zuckerberg of stealing their idea to launch Facebook, Inc. Common Stock (NASDAQ: FB). A case which was eventually settled in 2008 with Zuckerberg paying out a large sum of money to the twins.

In more recent times Winklevoss has invested heavily in Bitcoin. He’s currently the CEO of Gemini, the crypto exchange platform he founded.

And Gemini aims to make its Bitcoin usage climate friendly via a new endeavour called Gemini Green.

How?

According to the media release, Gemini is working with Climate Vault, a non-profit entity founded at the University of Chicago in the United States. The intent is to eliminate some 350,000 tonnes of CO2 related to Bitcoin’s use, from the atmosphere.

Gemini Green will do this by buying carbon permits, through Climate Vault, directly from government-regulated cap-and-trade markets. These permits will then be removed from the market, which will reduce the total amount of carbon permits available.

Discussing the initiative, Tyler Winklevoss said:

As Bitcoin emerges as a dominant store of value, it’s imperative that we incorporate sustainability for future generations. We are proud to team up with Climate Vault to offset our exposure to non-renewable mining and contribute to the decarbonising of Bitcoin.

Michael Greenstone, co-founder of Climate Vault added, “Climate Vault is providing a simpler, faster, and more reliable path to net-zero emissions, not just for traditional businesses, but now – thanks to Gemini – for the innovative world of cryptocurrency.”

The post How Tyler Winklevoss plans to go green with Bitcoin appeared first on The Motley Fool Australia.

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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin, Facebook, and Tesla. The Motley Fool Australia has recommended Facebook. 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 Reckon Limited (ASX: RKN) are flying out the door today — and the company is as blindsided by the craziness as anyone else. At the time of writing, the Reckon share price is 93 cents, a whopping 17.83% higher than its previous closing price.

Reckon’s dramatic day began before the market opened when Novatti Group Ltd (ASX: NOV) announced it had agreed to acquire at least 15% of Reckon’s outstanding shares. However, Reckon quickly declared it had no knowledge of Novatti’s plans.

Reckon provides accounting and bookkeeping software, while Novatti is a payment services provider.

Let’s take a closer look at the today’s ASX soap opera. 

Stock market drama

This morning, Novatti announced it had entered into purchase agreements for the acquisition of at least 15% of Reckon’s shares on issue.

However, Reckon responded only hours later, saying it had no idea Novatti planned to become one of its major shareholders.

According to Novatti, it has an agreement to buy 17 million shares of Reckon for $1 each.

Novatti’s shares have been frozen today as it undertakes a capital raise. Some of the proceeds are intended to go towards buying a large stake in Reckon.

Peter Cook, Novatti’s managing director, said:

We are delighted to have secured a strategic stake in ASX-listed Reckon…

We look forward to successfully completing the capital raising and joining the Reckon share register as a major shareholder.

Reckon, in turn, said it’s “monitoring the progress of Novatti’s proposed acquisition of their strategic stake”.

However, the news that shocked Reckon has excited the market – likely due to Novatti’s willingness to pay $1 per share. Reckon shares have spent the last 12 months trading for between 62.5 cents and 90.5 cents apiece.

Reckon share price snapshot

Currently, the Reckon share price has gained around 20% on the ASX in 2021.

It’s also 38.68% higher than it was this time last year.

The company has a market capitalisation of around $104 million, with approximately 113 million shares outstanding.

The post The Reckon (ASX:RKN) share price is gaining as an ASX mystery unfolds 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 Iluka Resources Ltd (ASX: ILU) share price set a new 52-week high today, reaching a top of $9.27 intraday before pulling back slightly.

At the time of writing, Iluka shares are swapping hands for $9.01, 10% in the green.

Today’s gains build on an extended run for Iluka shares in 2021 so far, which have posted a return of 36% at the time of writing, compared to the S&P/ASX 200 Index (ASX: XJO)’s 9.9%.

So what has Iluka been up to lately?

There has been no market-sensitive news for Iluka today that can be attributed directly to today’s share price movements.

However, Bloomberg LP reports that shares in the international sands and minerals producer have jumped this morning on the back of Rio Tinto Limited (ASX: RIO)’s force majeure on customer contracts at its Richards Bay Minerals interests, due to escalating safety concerns.

Both companies are among the world’s biggest producers of titanium dioxide, and according to Bloomberg, today’s jump in Iluka’s share price reflects expectations Iluka may benefit from Rio’s downtime.

In addition, Bloomberg LP also reports that JP Morgan’s Global Natural Resources Fund added Iluka to its investments back on 22 June.

The Global Natural Resources Fund has returned 34% in the past year, and added 639,590 Iluka shares as shown by its disclosure.

Moreover, on 28 June, Vysarn Ltd (ASX: VYS) said in a statement that its subsidiary Pentium Hydro had secured a goods and services contract with Iluka, valued at $1.7 million.

The contract is a variation to the original drilling services contract announced back in January 2020.

Iluka share price snapshot

The Iluka share price has gained 107% in the last 12 months, and on current prices the company has a market capitalisation of more than $3.4 billion.

Iluka shares have a 52-week range of $4.50–$9.27, a spread of more than 100%.

Iluka shares also trade at a price-to-earnings ratio (P/E) of around 33, and the company pays an annual dividend of 10 cents per share.

The post Iluka (ASX:ILU) share price boosts 10%, hits new 52-week high 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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Cryptocurrency enthusiasts and exchange-traded fund (ETF) lovers might have something in common today – mutual disappointment. That’s because the Australian Securities and Investments Commission (ASIC) delivered some bad news for anyone hoping to access Bitcoin (CRYPTO: BTC), or any other cryptocurrency for that matter, through an ETF.

ETFs have long been used to access investments that normally wouldn’t trade on a share market. Units of the ETFS Physical Gold ETF (ASX: GOLD), for example, represent ownership of physical gold bullion. The BetaShares Crude Oil Index ETF (ASX: OOO) represents exposure to crude oil futures contracts.

But up until now, cryptocurrencies like Bitcoin have not been available via the share market. Sure, would-be crypto investors can use specialised cryptocurrency exchanges to buy whole or fractional coins. But not on the share market. And this situation looks like it will continue for some time. According to a media release today, ASIC has comprehensively poured cold water on the notion of an ASX Bitcoin ETF.

A Bitcoin ETF on the ASX?

The corporate regulator stated that the prospect of a Bitcoin exchange-traded fund would create a “real risk of harm to consumers and markets if these products are not developed and operated properly”.

Although ASIC noted that the potential of cryptocurrency-based ETFs is attracting “significant attention globally”. ASIC also said it is aware of “interest in, and demand for, domestic crypto-asset ETPs”. It stated the following:

ASIC considers that crypto-asset ETPs have novel and unique features that require consideration of whether such products can support fair, orderly and transparent markets and comply with our regulatory framework.

So that looks like a hard no, at least for now. In saying that, ASIC did add a caveat:

The way in which crypto-assets themselves are classified and regulated in Australia is a matter for Government. ASIC notes the Senate Select Committee on Australia as a Technology and Financial Centre is considering this issue, and the proposals in this paper do not seek to pre-determine any decision the Committee may make.

Earlier this week, we actually discussed the possible emergence of a Bitcoin ETF over in the United States. Cathie Wood’s ARK Invest (a US ETF provider) is currently actively exploring launching a Bitcoin-backed fund for the Nasdaq. Perhaps this new fund, if it gets going at all, will set the standard for a global acceptance of this idea. We’ll just have to wait and see. ASIC doesn’t sound like it’s in a hurry to give a green light though.

The post ASIC just poured cold water on an ASX Bitcoin ETF appeared first on The Motley Fool Australia.

More reading

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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. owns shares of and has recommended Bitcoin. 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 Strategic Elements Ltd (ASX: SOR) are flying today following news the company has managed to power a Bluetooth sensor device with moisture. At the time of writing, shares in Strategic Elements are up 13% – swapping hands for 25 cents apiece.

The milestone is part of the innovation company’s quest to develop a moisture-powered battery that can receive charge from humidity in the air or human skin.

Let’s take a closer look at today’s news from Strategic Elements.

Technological milestone

Strategic Elements has successfully used its moisture-charged battery to power a Bluetooth sensor.

The feat involved an electronic control board, a Bluetooth communication module, a temperature sensor and a humidity sensor.

The device successfully communicated real time humidity and temperature data to a laptop over a 5-hour period, using power generated from the air around it.

According to the company, the technology has the power to be used for internet of things (IoT) devices. IoT devices are those people don’t directly interact with but that can communicate with other devices over the internet. One example is a garage door that automatically opens when its owner’s car approaches.

The battery uses Strategic Elements’ graphene oxide-based battery ink technology. The technology can create extremely thin batteries that can be printed onto surfaces such as glass or flexible plastic.

According to Strategic Elements, its moisture powered batteries are more environmentally friendly than traditional batteries as graphene oxide is widely available, as is the humidity needed to power them.

Additionally, the company said scaling down batteries can significantly increase their output capacities.

The company plans to test its technology on a prototype of a scaled down, printed battery in the coming weeks.

If that test is successful, Strategic Elements intends to develop a prototype battery pack capable of producing more than a milliamp of electrical current in the coming quarter.

Strategic Elements share price snapshot

Today has boosted the Strategic Elements share price back into ASX green.

Currently, Strategic Elements shares have gained 6.2% since the start of 2021. They’ve also gained 264.2% since this time last year.

The company has a market capitalisation of around $85 million, with approximately 388 million shares outstanding.

The post Strategic Elements (ASX:SOR) share price soars with air-powered battery appeared first on The Motley Fool Australia.

More reading

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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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Have you got room for a blue chip or two in your portfolio? If you do, then take a look at the blockbuster blue chip shares listed below.

Here’s why they are rated as buys:

Goodman Group (ASX: GMG)

Goodman Group is a leading integrated commercial and industrial property company with $52.9 billion of total assets under management globally. Among its portfolio are warehouses, large scale logistics facilities, and business and office parks. These are leased to high quality companies including Amazon, Coles Group Ltd (ASX: COL), DHL, Showpo, and Walmart.

At the end of the third quarter, the company’s occupancy rate stood at 98% and its net property income was up 3.3% over the prior corresponding period. Management notes that this reflects the strong demand for its properties, which continues to be driven by increased intensification of use, long-term supply chain requirements, tight supply in urban infill locations and the quality of its assets.

In addition to this, the company has $9.6 billion of development work in progress. These developments are expected to underpin further solid income growth over the coming years.

Morgan Stanley is a fan of the company and believes it is well-placed for growth. It recently put an overweight rating and $23.00 price target on its shares.

Xero Limited (ASX: XRO)

Another blue chip ASX 200 share to consider buying is Xero. It is a leading provider of a cloud-based business and accounting solution to small and medium sized businesses. At the last count, the company’s platform was being used by 2.74 million businesses globally. This comprises 1.56 million in the ANZ region and 1.18 million internationally.

Clearly, given the size of the ANZ market compared to the rest of the world, Xero has a very large global market opportunity to grow into over the next decade. In addition to this, it has the opportunity to squeeze more and more revenue out of its users via its burgeoning app ecosystem. It is due partly to the potential of its app ecosystem that Goldman Sachs believes Xero has a multi-decade runway for strong growth.

In light of this, Goldman Sachs is very positive on the company’s prospects. It has a buy rating and $151.00 price target on its shares at present.

The post 2 quality blue chip ASX 200 shares for investors in July 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 Xero. The Motley Fool Australia owns shares of and has recommended Xero. 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 Humm Group Ltd (ASX: HUM) share price is in positive territory during mid-afternoon trade. This comes after the company announced it has launched its buy-now, pay-later (BNPL) product into the United Kingdom market.

At the time of writing, Humm Group shares are up 1% to $1.005.

Humm Group expands BNPL offering

Investors appear pleased with the company’s latest update to the ASX, sending its shares higher.

According to its release, Humm Group advised its BNPL product is now live in the United Kingdom (UK). This will give customers the opportunity to shop in-store and online and pay over instalments. Repayments consist of interest-free payment options from 10 weeks to 60 months.

The company noted the expansion strategy will use its existing retail partnerships in Ireland to also service the UK market. Currently, the Humm Group has over 1600 merchants on its books in Ireland.

Humm Group estimates an annual spend of around $200 billion per year across 4 target verticals for the UK market. They are Home and Home Improvement ($74.3 billion), Health ($63.8 billion), Automotive ($51.7 billion), and Luxury ($7.4 billion).

The retail spend in the UK is roughly $778 billion per year. This represents a sizeable market opportunity for the company to tap into other verticals.

Humm Group CEO, Rebecca James commented:

We’re delighted that customers in the UK will now be able to humm their purchases, giving them more choice, transparency and flexibility over how and when they pay. UK customers want to shop smart and we’re here to make that easier. With humm you can take your purchase home today, pay it off over five fortnights, have all your transactions and data digitally in one place, and all the while pay no interest.

In addition to the announcement, Humm Group reshuffled its UK board with three new appointments. The company stated that Mr Stephen Kirkpatrick took the role of chair and non-executive director, with Ms Helene Brichet and Mr Tim Turner also joining as non-executive directors.

Humm Group share price summary

Despite today’s rise, Humm Group shares have had a disappointing run over the past 12 months. The company’s share price is down close to 10% from this time last year, and 12% year-to-date.

On market capitalisation terms, Humm Group is valued at around $490 million.

The post Why the Humm Group (ASX:HUM) share price is climbing today appeared first on The Motley Fool Australia.

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• Why the Humm (ASX:HUM) share price is humming along nicely today

Motley Fool contributor Aaron Teboneras 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 Humm Group 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 S&P/ASX 200 Index (ASX: XJO) is back on form on Wednesday. In afternoon trade, the benchmark index is up 0.65% to 7,347.6 points.

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

AGL Energy Limited (ASX: AGL)

The AGL share price has sunk 9% to $8.30. This follows the release of an update on the energy company’s demerger plans. AGL Energy is planning to become Accel Energy, an electricity generation business focused on the accelerating energy transition. It will then demerge a new entity, AGL Australia, which will be a multi-product energy-led retailing and flexible energy trading, storage and supply business. In light of these plans, the company has terminated its special dividend program.

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price is down 4% to $11.52. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has downgraded the KFC operator’s shares to a hold rating with a $12.82 price target. It made the move partly on valuation grounds and also due to its softening Australian growth.

Kogan.com Ltd (ASX: KGN)

The Kogan share price has fallen 7.5% to $11.84. With no news out of the ecommerce company, today’s decline appears to have been driven by a combination of tax-loss selling and profit taking. Tax-loss selling involves selling shares that have incurred a capital loss, which may then offset capital gains realised throughout the financial year. As for the latter, prior to today, the Kogan share price was up 25% since the start of June.

Nuix Ltd (ASX: NXL)

The Nuix share price has crashed 13% lower to $2.20. Investors have been selling the company’s shares after its former chief financial officer, Stephen Doyle, became the subject of a criminal investigation into insider trading. Nuix chair, Jeffrey Bleich, said: “We are genuinely disturbed by the allegations concerning Mr Doyle and will fully assist ASIC in getting to the bottom of that matter.”

The post Why AGL, Collins Foods, Kogan, & Nuix shares are tumbling lower appeared first on The Motley Fool Australia.

More reading

• ASX 200 up 0.5%: Telstra asset sale, AGL demerger, Nuix crashes again
• Why the Kogan (ASX:KGN) share price is sinking 5% today
• AGL (ASX:AGL) share price slumps after demerger, guidance update
• Former Nuix (ASX:NXL) executive accused of insider trading
• Got cash to invest? Here are 2 ASX shares that could be buys

Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Collins Foods Limited and Nuix Pty Ltd. 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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