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With interest rates likely to remain low for some time to come, potentially even years, the yields on the ASX dividend shares listed below could be even more attractive than normal for income investors.

Here’s what you need to know about these dividend shares that have been rated as buys:

Scentre Group (ASX: SCG)

The first dividend share to look at is Scentre. After facing extremely tough trading conditions at the height of the pandemic, things are returning to normal again for this shopping centre operator. This bodes well for its earnings and dividend recovery in the coming years.

And with the Scentre share price still down meaningfully from its pre-pandemic highs, analysts at Goldman Sachs believe now could be a good time to invest.

A recent note reveals that its analysts have reiterated their buy rating and $3.60 price target on the company’s shares. Goldman believes Scentre is far more positively leveraged to inflation than any other Australian real estate investment trusts under its coverage.

The broker is forecasting dividends per share of 14 cents in FY 2021 and then 17 cents in FY 2022. Based on the current Scentre share price of $2.85, this will mean yields of 4.9% and 6%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share to look at is this telco giant. After several years of difficulties because of the NBN rollout, Telstra is now free from this headwind and has a return to growth in its sights.

This is being driven by its significant cost cutting, rational competition, and its leadership position in 5G internet. In respect to the latter, the company is so far ahead of other telcos with its 5G network, that it has been tipped to grow its market share strongly in the coming years.

In addition to this, the company is in the process of offloading assets such as its towers to unlock value for shareholders.

Goldman Sachs is also a fan of Telstra. It currently has a $4.00 price target and is forecasting 16 cents per share fully franked dividends for the foreseeable future. Based on the current Telstra share price of $3.58, this will mean a 4.5% yield.

The post Why Telstra (ASX:TLS) and this ASX dividend share could be buys appeared first on The Motley Fool Australia.

More reading

• Here are 3 of the ASX 200’s most traded shares today
• A Super-bad idea
• Are Telstra (ASX:TLS) shares still cheap today?
• Here are 3 of the most traded ASX 200 shares today
• ASX 200 Weekly Wrap: ASX edges even higher, led by tech rebound

James Mickleboro does not own any shares 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 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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On Wednesday the S&P/ASX 200 Index (ASX: XJO) faded as the day went on but managed to record a small gain. The benchmark index rose 0.1% to 7,386.2 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise again on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 15 points or 0.2% higher this morning. This is despite it being a poor night of trade on Wall Street, which saw the Dow Jones fall 0.8%, the S&P 500 drop 0.55%, and the Nasdaq fall 0.25%.

US Fed brings forward rate hike plans

The weakness on Wall Street was driven by news that the US Federal Reserve has raised its expectations for inflation and brought forward the timeframe for when it will next raise interest rates. According to CNBC, officials indicated that rate hikes could come as soon as 2023, after previously saying in March that they saw no increases happening until at least 2024.

Oil prices mixed

Energy producers such as Oil Search Ltd (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) will be on watch after a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is down 0.4% to US$71.85 a barrel and the Brent crude oil price has risen 0.1% to US$74.04 a barrel. The latter is closing in on a multi-year high.

Gold price sinks

Gold miners Evolution Mining Ltd (ASX: EVN) and Resolute Mining Limited (ASX: RSG) could tumble lower today after the gold price sank overnight. According to CNBC, the spot gold price is down 1.4% to US$1,830.60 an ounce. News that the US Federal Reserve has brought forward its rate hike plans has hit the precious metal hard.

Coles Strategy Day

The Coles Group Ltd (ASX: COL) share price will be one to watch today. This morning the supermarket giant is holding its virtual Strategy Day. As well as providing an update on the progress it is making with its Refreshed Strategy, it could potentially include a sales update for investors.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

More reading

• ASX 200 rises again, Avita jumps, Shaver Shop sinks
• Here are 3 of the ASX 200’s most traded shares today
• ASX copper shares down after the commodity’s price falls 4%
• Commonwealth Bank (ASX:CBA) share price hits new record despite money laundering scandal
• First time in 30 years! 6 ASX shares for crazy times: analyst

James Mickleboro does not own any shares 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 COLESGROUP DEF SET. 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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Arguably one of the best ways to generate wealth is to make long term investments. This is because by investing for long periods, it allows you to benefit from compounding.

But which shares would make good buy and hold investment options? Two to consider are listed below. Here’s why they are rated highly:

CSL Limited (ASX: CSL)

CSL is one of the world’s leading biotherapeutics companies and the name behind the CSL Behring and Seqirus businesses. CSL Behring is the global leader in plasma therapies, whereas Seqirus is the second largest influenza vaccines business.

Both businesses have been growing strongly in recent years and have been tipped to continue doing so in the future. This is due to their leading therapies and vaccines, increasing demand, and lucrative research and development pipelines.

In respect to the latter, CSL invests in the region of 11% of its sales into its research and development activities each year. This ensures that it has a pipeline of cutting-edge therapies with significant sales potential. One of those is clazakizumab, which is being developed to treat kidney transplant rejection. This product alone could generate peak sales of US$5.4 billion.

UBS currently has a buy rating and $330.00 price target on CSL’s shares.

Xero Limited (ASX: XRO)

Xero is leading cloud-based business and accounting solution provider to small and medium sized businesses. It offers businesses and their advisors a solution that provides deep cloud accounting functionality together with an ecosystem of over 800 third-party app partners to provide valuable access for small businesses to add point solutions where needed.

This offering is resonating extremely well with businesses across the world, underpinning very strong recurring revenue growth in recent years.

Pleasingly, the company still has a significant market opportunity to grow into. Management estimates that its total addressable market is worth NZ$45 billion at present and growing. This compares to FY 2021’s operating revenue of NZ$848.8 million.

Goldman Sachs believes the company is well-positioned for growth, particularly given its international expansion opportunity and its burgeoning app ecosystem. Combined, the broker believes Xero has a multi-decade runway for strong revenue growth.

Goldman Sachs currently has a buy rating and $153.00 price target on its shares.

The post 2 ASX shares that could be top buy and hold options appeared first on The Motley Fool Australia.

More reading

• First time in 30 years! 6 ASX shares for crazy times: analyst
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• ASX 200 Weekly Wrap: ASX edges even higher, led by tech rebound
• 2 highly rated ASX tech shares rated as buys

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. and 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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City Chic Collective Ltd (ASX: CCX) shares had a bumper day on Wednesday, surging to a new all-time high of $5.14 in intraday trading. By market close, the City Chic share price had edged slightly lower, finishing the day up by 4.29% to $5.12.

Let’s take a closer at some of the events that have helped boost the apparel, footwear and accessories retailer for plus-size women this year.

First we take Manhattan

The City Chic share price may be benefitting from a number of positive announcements over the last few months. Recent acquisitions of the Evans and Avenue brands have allowed the company to expand its footprint in the United States, the United Kingdom and Europe.

Specifically on the US opportunity, City Chic notes there is significant market share to be gained in the US$49 billion market. The company is attempting to build on its growth trajectory, with the cross-selling of City Chic products to Avenue customers and marketing campaigns to grow its customer base and re-engage existing customers.

In its presentation to investors on 5 May, City Chic announced it wants to lead ‘the world of curves’ — a women’s plus-size market forecast to grow by 7% annually. The company pointed to a number of factors underpinning its growth plans. Firstly, the average annual spend in the plus-size category is currently materially less than the rest of the women’s apparel market. Secondly, according to City Chic, there is an increasing population of plus-size women globally.

Also in the company’s presentation, City Chic said comparable store sales growth and customer numbers in the June half-year to date are accelerating. Structural tailwinds are also helping, as sales on the City Chic website in the US have returned to pre-pandemic growth rates. There is also City Chic’s clear focus on online sales, where the company represents 25% of total plus-size sales globally. City Chic believes it can grow that number significantly.

More acquisitions to come

As also reported by the Australian Financial Review last month, City Chic chief executive Phil Ryan, and chief financial officer Munraj Dhaliwal, told the Macquarie Australia Conference the group was cashed up, after raising $110 million last July.

Management also highlighted that acquisitions in new markets facilitate speed to market and enable the company to acquire new customers faster. Although, the company did point out its growth plans are not only acquisition-led. 

City Chic’s market entry into Europe is a key piece of the growth puzzle. The company points to a significant opportunity in the US$45 billion market and is well-progressed with its launch expected in the first half of FY22.

The numbers tell the story

Another catalyst that may be boosting the City Chic share price in 2021 could be the solid numbers that came out of the company’s half-yearly report released in February. City Chic showed sales growing 13.5% to $119 million. Furthermore, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 21.8% to $23.3 million with the EBITDA margin increasing from 18.2% to 19.6%.

City Chic’s online trade has also accelerated in the last 12 months. In the first six months of FY21, 42% of the company’s sales were transacted online.

City Chic share price snapshot

Following today’s gains, the City Chic share price is trading around 25% higher in 2021. The company’s shares have surged by around 20% in the past month alone. Over the last year, City Chic shares have jumped by around 88%.

Based on the current share price, City Chic has a market capitalisation of $1.2 billion.

The post City Chic (ASX:CCX) share price leaps to new all-time 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 owns shares of and has recommended Macquarie 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) rose 0.1% to 7,386 points.

Here are some of the highlights from the ASX today:

AVITA Medical Inc (ASX: AVH)

The Avita share price went up over 12% in reaction to an update about its FY21 fourth quarter.

For the quarter ending 30 June 2021, to date it has seen total revenue of more than the FY21 fourth quarter guidance range of $8.2 million to $8.6 million.

The company said that based on the strength of both RECELL commercial revenue and BARDA related revenue, the company is raising its FY21 fourth quarter guidance to be in the range of $9.5 million to $9.7 million. That consists of between $6 million to $6.2 million of RECELL commercial revenue and $3.5 million of RECELL revenue associated with BARDA (that stands for the Biomedical Advanced Research and Development Authority within the Office of the Assistance Secretary for Preparedness and Response).

This revised RECELL commercial revenue guidance reflects a 55% to 60% increase over the prior year period and 30% to 34% increase over the third quarter of FY21.

Dr Mike Perry, Avita Medical’s CEO, said:

As people begin to return to normal activities after the confines of the COVID-19 pandemic, we have seen an increase in burn accidents requiring treatment with the RECELL System in burn centers across the country.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price increased by more than 1% in response to its Victorian claims update after severe storms and flooding.

The ASX 200 insurance giant said it had received around 4,300 claims as of 15 June 2021, predominately for property damage and expects claims to rise as residents return to their homes to inspect the damage.

IAG said that its net natural perils claim costs up to 31 May 2021 were approximately $660 million, including the net cost of Cyclone Seroja in Western Australia in April 2021.

Following the storms in Victoria and including estimated attritional peril costs in June, IAG estimates its FY21 net natural perils claim costs will be approximately $720 million to $743 million compared to the perils allowance of $658 million for this period and previous guidance of $660 million to $700 million.  

Shaver Shop Group Ltd (ASX: SSG)

The Shaver Shop share price fell more than 8% today after giving an update about its FY21 outlook.

Based on unaudited management accounts to May 2021 and the trading performance to the middle of June 2021, Shaver Shop’s board expects the company to generate net profit after tax of $16.75 million to $17.5 million.

Total sales are expected to come in a range of between $211 million to $213 million.

Net cash (no debt) at 30 June 2021 is expected to be between $6 million and $8 million.

Shaver Shop’s board said it remains pleased with the underlying trading performance of the business with customer service metrics remaining strong.

The post ASX 200 rises again, Avita jumps, Shaver Shop sinks 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. owns shares of and has recommended Avita Medical Limited. The Motley Fool Australia has recommended Avita Medical 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 benchmark S&P/ASX 200 Index (ASX: XJO) is home to a large number of blue chip shares. So many, it can no doubt be hard to decide which ones to include in your portfolio.

In order to narrow things down, I have picked out two blue chip ASX 200 shares that are highly rated at the moment. They are as follows:

Breville Group Ltd (ASX: BRG)

The first blue chip to look at is Breville. It is the leading appliance manufacturer behind the Sage, Kambrook, Baratza, and eponymous Breville brands.

Its products have been resonating with consumers for decades and show no signs of stopping. This is being driven by its continuous and growing investment in research and development (R&D), which has been underpinning innovative new products for years.

In addition to this, the company has been growing its footprint globally, increasing its addressable market and driving strong sales and profit growth. For example, during the first half, Breville reported a 28.8% increase in revenue to $711 million and a 29.2% increase in net profit after tax to $64.2 million.

UBS appears confident that this strong form will continue thanks to further geographic expansion, new product launches, and potential acquisitions. The broker currently has a buy rating and $35.70 price target on its shares.

SEEK Limited (ASX: SEK)

Another blue chip ASX 200 share to consider is SEEK. It is the leading job listings company in the ANZ region and has a number of growing businesses around the globe.

After a tough time during the pandemic, SEEK has bounced back strongly in FY 2021 and looks set to deliver a robust full year result in August.

Pleasingly, looking ahead, the company appears well-placed to benefit greatly from Australia’s economic recovery. Particularly given its domination of the local jobs market. At the end of December, SEEK ANZ had 16 million candidate profiles, 35 million monthly visits, and 160,000 active hirers. This led to SEEK having almost a third of all placements in the region, which is five times greater than its nearest competitor.

Macquarie is a fan of the company. Earlier today the broker upgraded its shares to an outperform rating with a $40.00 price target. It is expecting its ad yields to increase materially as discounts are removed. Macquarie also sees SEEK as a big winner from Australia’s lowering unemployment levels. It is forecasting unemployment to reduce to 4% by 2023.

The post 2 ASX 200 blue chip shares rated as buys appeared first on The Motley Fool Australia.

More reading

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 James Mickleboro owns SEEK shares. 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 SEEK 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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Some ASX shares that have been dumped to crystalise a tax loss could make a comeback from next month.

These shares tend to underperform, particularly in the last few months of the financial year as investors sell them at a loss to offset capital gains from other investments.

But someone’s trash can turn into treasure. When the selling pressure eases in the new financial year starting July, some of these ASX shares could rebound.

Picking winners among tax loss losers

Mind you, not all will. More often than not, these tax loss candidates are thrown out due to their poor fundamentals, which show little sign of improving.

However, this isn’t always the case, so discretion is advised! One way to find the ugly ducklings with swan potential is to pick those that are still favoured by the majority of brokers covering the shares.

It’s no guarantee that you will be buying a winner, but following these experts are usually a good start.

Why this underperforming ASX share could return to favour in FY22

On that front, the Austal Limited (ASX: ASB) share price could fit the bill. Shares in the shipbuilder sunk further today by 5.7% to a more than two-year low of $2 following its profit downgrade yesterday.

That provided investors more than enough reason to bail ahead of the new tax year although most brokers still rate it a “buy”.

Citigroup is one as it reiterated its “buy” recommendation on the Austal share price and increased its 12-month price target to $3.35 from $3.30 a share.

Austal share price sunk too deep into value

“While the FY21 guidance downgrade is disappointing, it appears to be somewhat driven by circumstances beyond Austal’s control,” said the broker.

“Further, it may not be unreasonable that Austal potentially may recoup some liquidated damages, caused by Covid-19 border closures, in the future.”

The broker also pointed out that investors are paying only circa three times FY22 EBIT for Austal’s shipbuilding business. This is a 77% discount to peers.

While Citi trimmed its FY21 earnings estimates in light of the profit update, it lifted its FY23 forecast by 4% to account for revenue being pushed into later years.

Oil forecast to rebound to US$100

Meanwhile the Beach Energy Ltd (ASX: BPT) share price could also make a comeback in FY22. Shares in the oil and gas producer slumped by over 20% in the last three months but the outlook for the sector is improving.

Some of the world’s leading commodity traders are forecasting oil to return to US$100 a barrel, reported the Financial Times.

Oil floats and so could ASX energy shares

This is due to under investment to bring new supply to market before demand has peaked and before green energy can fill the shortfall.

The Brent crude price is trading a little over US$70 a barrel currently. If these experts are right, the Beach share price could pop along with the rest of the sector as analysts upgrade their earnings forecast to reflect the stronger-than-expected oil price.

The post ASX tax loss losers that could rebound in the new financial year appeared first on The Motley Fool Australia.

More reading

• Why Austal, Cettire, Leigh Creek Energy, & McPherson’s are sinking today
• Austal (ASX: ASB) share price down 8% after earnings downgrade
• Quarterly rebalance: Appen kicked out of ASX 100, Uniti added to ASX 200
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 rises, Woolworths acquisition approved, Austal in rough waters

Brendon Lau owns shares of Austal Limited. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Austal 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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If you’re looking for some exposure to the tech sector, then you might want to take a look at the shares listed below.

Here’s why these ASX tech shares have been rated as buys:

Afterpay Ltd (ASX: APT)

The first ASX tech to look at is Afterpay. This now pay later (BNPL) focused payments company has been growing at a rapid rate in recent years. This has been driven by the increasing popularity of BNPL with consumers and merchants and its global expansion. The latter has seen the company successfully expand into the United States and the United Kingdom. It has also just launched in Canada and onto mainland Europe. This gives it a huge runway for growth over the next decade as consumers turn away from credit cards and embrace BNPL.

Morgan Stanley currently has an overweight rating and $145.00 price target on Afterpay’s shares.

Whispir Limited (ASX: WSP)

Whispir is a software as a service (SaaS) communications workflow platform provider. Its popular platform is used by 750 businesses globally to automate interactions between them and their people and customers. One of its customers is Changi Airport in Singapore. It chose Whispir to help solve its need for quicker and more efficient communication between team members, in a way that minimised business risk. The Australian government has used the platform for COVID-19 communications.

Ord Minnett has a buy rating and $4.25 price target on Whispir’s shares.

WiseTech Global Ltd (ASX: WTC)

WiseTech Global is the logistics solutions company behind the popular CargoWise One platform. It allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. Demand has been strong for its platform from many of the largest logistics companies in the world, driving stellar sales and earnings growth. Positively, the company notes that many of its largest customers have been undertaking mergers and acquisitions. This is expected to lead to further growth in demand from existing customers in the near term as they grow larger.

Morgan Stanley has an overweight rating and $35.00 price target on its shares.

The post 3 quality ASX tech shares rated highly by analysts appeared first on The Motley Fool Australia.

More reading

• ASX 200 up 0.35%: SEEK upgraded, Afterpay lower
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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Whispir Ltd, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and WiseTech Global. The Motley Fool Australia has recommended Whispir 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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After a fabulous start to the day and crossing 7,400 points for the first time ever, the S&P/ASX 200 Index (ASX: XJO) cooled off this afternoon. At market close, the index finished down 0.09% to 7,386 points.

Let’s take a look at the three biggest ASX 200 movers and shakers today.

AMP Ltd (ASX: AMP)

AMP was the third most active ASX 200 share, with a substantial 25.16 million shares traded today. That’s despite the AMP share price seemingly not doing much.

The AMP share price finished up 1.23% at $1.23 a share, but not before bouncing around throughout the day. AMP shares opened at $1.22 this morning and dipped soon after, hitting $1.20 a share just before midday before recovering into the green this afternoon.

There has been no major news out of the ASX 200 wealth manager though – unless you count a dividend notice for holders of some AMP capital notes.

It’s worth pointing out that some of the shares on the market today might have been bought by AMP itself. The company has been buying back its own shares almost every day recently. That includes a little more than 118 million shares yesterday.

Telstra Corporation Ltd (ASX: TLS)

Telstra is another ASX 200 share that flew around the ASX boards today, after also being a heavily traded ASX share yesterday.

At market close, a hefty 27.95 million Telstra shares had changed hands. Again, that’s despite the Telstra share price not doing anything too special.

In fact, Telstra shares finished exactly where they were at market close yesterday. After opening at $3.60 this morning and going as high as $3.61 – incidentally, Telstra’s 52-week high – the Telstra share price closed at $3.58. Again, there was no major news out of Telstra today.

Pilbara Minerals Ltd (ASX: PLS)

Right up there today in terms of highest volume traded was lithium company Pilbara Minerals. At the close of the day, 22.65 million Pilbara shares had changed hands. That can probably be put down to this company’s relatively large loss of 2.17% today at $1.35 a share.

Long-term investors probably aren’t too upset though, considering this ASX 200 company is still up 55.17% year to date, and a whopping 417.54% over the past 12 months.

However, we did have some small news out of Pilbara today. The company put out a presentation this morning, outlining its aspirations for net-zero emissions lithium production.

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

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• A Super-bad idea
• The Vulcan Energy (ASX:VUL) share price is rising today
• Are Telstra (ASX:TLS) shares still cheap today?

Motley Fool contributor Sebastian Bowen owns shares of 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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Most weeks, Commonwealth Bank of Australia (ASX: CBA)’s CommSec share trading platform tells us the most popular US shares that its Aussie customer base was trading the previous week. Since CommSec is one of the most popular ASX brokerage platforms on the ASX, its data can give us a valuable insight into the US shares ASX investors are buying and selling right now.

My Fool colleague James Mickleboro has already covered some of the popular ASX shares from CommSec today. So here are the top 10 international shares that CommSec users were buying and selling last week. This week’s data covers June 7-10.

Meme stocks galore for ASX investors

1. GameStop Corp. (NYSE: GME) – representing 5.9% of total trades with a 78%/22% buy-to-sell ratio.
2. AMC Entertainment Holdings Inc (NYSE: AMC) – representing 4.6% of total trades with a 66%/34% buy-to-sell ratio.
3. Tesla Inc (NASDAQ: TSLA) – representing 3% of total trades with a 72%/28% buy-to-sell ratio.
4. Clover Heath Investments Corp (NASDAQ: CLOV) – representing 2.4% of total trades with a 72%/28% buy-to-sell ratio.
5. Apple Inc (NASDAQ: AAPL) – representing 2.3% of total trades with a 76%/24% buy-to-sell ratio.
6. BlackBerry Ltd (NYSE: BB)
7. Amazon.com Inc (NASDAQ: AMZN)
8. ContextLogic Inc (NASDAQ: WISH)
9. Nio Inc. (NYSE: NIO)
10. Alibaba Group Holding Ltd (NYSE: BABA)

What can we learn from these trades?

So what can we learn? Well, that ASX investors are not immune from the ‘meme stock’ train, mainly. This week’s list is dominated by so-called ‘meme stocks’ – the catchy name given to companies whose share prices are the subject of social media-driven speculation. We can comfortably put GameStop (the original meme stock) in this bucket, as well as AMC, Clover Health, BlackBerry and ContextLogic. Tesla is also viewed as a meme stock by many investors. As is (to a lesser extent) the Chinese electric vehicle and battery manufacturer Nio.

True to form, AMC, Clover, BlackBerry and ContextLogic have all enjoyed Reddit-fuelled spikes in value during the past month or so. AMC is up more than 300% in the past month. Clover shot up almost 150% between 4 June and 8 June. BlackBerry is up 65% in the past month. And ContextLogic enjoyed nearly a 50% bump just last Tuesday. It seems ASX investors are keen to get a slice of the meme stock pie.

In other news, we still see the US blue-chip tech stocks in Amazon and Apple maintaining a dominant positioning on this list. Chinese e-commerce giant Alibaba is also a regular inclusion here and just makes the top ten this week.

The post ASX investors couldn’t get enough of meme stocks last week appeared first on The Motley Fool Australia.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alibaba Group Holding Ltd., Amazon, Apple, Clover Corporation Limited, NIO Inc., and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended BlackBerry and has recommended the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Amazon, Apple, and BlackBerry. 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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