Tag: Motley Fool

One area of the market which is home to a number of quality options for growth investors is the mid cap space.

But with so many to choose from, which ones should you consider buying? Two to consider are as follows:

Adore Beauty Group Limited (ASX: ABY)

The first mid cap ASX share to look at is Adore Beauty. It is a leading online beauty retailer, providing consumers with an engaging beauty shopping experience.

What really sets Adore Beauty apart from other retailers is that it is more than just an online shop. Adore Beauty’s website is also a destination for education and entertainment. As a result, consumers visit its website even when they are not seeking to purchase items.

This and the shift to online shopping has underpinned very strong active customer growth. As of the end of the first half, Adore Beauty’s active customers had grown 82% over the prior corresponding period to almost 800,000.

From these customers, the company generated revenue of $96.2 million during the first half. This was up 85% on the same period last year. Positively, this is still only a fraction of an Australian beauty and personal market currently worth ~$11 billion a year. This gives Adore Beauty a long runway for growth over the next decade and beyond.

UBS is a fan of Adore Beauty. It currently has a buy rating and $6.20 price target on its shares.

Jumbo Interactive (ASX: JIN)

Jumbo Interactive is an online lottery ticket seller that is best-known as the operator of the Oz Lotteries website.

The Oz Lotteries website is currently the biggest generator of revenue for the company. However, this looks likely to change in the future due to the company’s Powered by Jumbo software as a solution (SaaS) business.

This SaaS business is expected to be the key driver of growth over the 2020s and it isn’t hard to see why. This business is well-placed to benefit from the shift online of lotteries globally. Management estimates that it has a US$303 billion global total addressable market, with just ~7% of this market online at the moment.

Morgans is positive on the company. The broker currently has an add rating and $14.78 price target on its shares.

More reading

• 2 quality ASX shares to buy this week
• 5 of the best ASX shares to buy after the Easter break
• Top ASX shares to buy in April 2021
• 2 rapidly growing ASX shares that could be strong buys in April
• 3 high quality ASX shares to buy next month

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 recommends Jumbo Interactive Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. The Motley Fool Australia has recommended Jumbo Interactive 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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Getting a yield of 5% or more on your cash is a rare feat these days. Term deposits? No way. You’d be lucky to get 1% with the current interest rate environment. Property? Not likely with all of the recent house price appreciation. Art? Gold? Non-fungible tokens (NFTs)? They don’t even pay a yield. That leaves ASX dividend shares. Luckily for us ASX investors, it’s not too hard to still find some decent ASX shares offering a yield of 5% or greater. Especially if you include those lovely benefits of franking credits.

So here are 3 such ASX dividend shares today

3 ASX dividend shares with yields over 5% right now

Telstra Corporation Ltd (ASX: TLS)

Telstra is a company most ASX investors would be familiar with. It’s the largest telco on the market, as well as being one of the largest ASX companies period. Telstra’s dividend history might still conjure up some painful memories for some of the longer-term investors out there. It did famously slash its annual dividend a few years ago from the old 32 cents per share to the 16 cents per share level we see today. However, that also accompanied a steep drop in the Telstra share price (it was almost $6 a share five years ago). As such, it still offers a decent starting yield for any new investors today. On current pricing, this 16 cents per share translates into a trailing dividend yield of 4.68%, which grosses-up to 6.68% with Telstra’s full franking.

Rio Tinto Limited (ASX: RIO)

Rio Tinto is one of the ASX’s largest miners. Its main commodity of choice is iron ore, which of course has had a magnificent year price wise. But Rio also mines diamonds, copper, gold and uranium. The recent run in iron ore prices has helped Rio recently break out into new all-time high territory – it hit $130 a share last month. However, Rio shares have recently pulled back, which means its trailing dividend yield has swelled for anyone looking to pick up new shares. On current pricing, Rio’s dividend is worth a yield of 5.3%, which grosses-up to a hefty 7.57% with Rio’s full franking. 

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is not normally a company most investors associate with dividends. But this electronics giant has managed to keep its dividends at pace with its recent share price growth – JB shares are up more than 150% since early 2019. Its most recent interim dividend was paid out on 12 March and came to $1.80 per share. That’s a healthy 82% increase on the interim dividend of 99 cents that JB paid out last year. On current pricing, JB is offering a trailing dividend yield of 5.21%, which grosses-up to 7.44% with full franking. 

More reading

• Here’s how much Telstra’s (ASX:TLS) dividend is worth right now
• The new race between US and China is good news for these ASX shares
• 3 ASX dividend shares with BIG yields
• Why the Rio Tinto (ASX:RIO) share price is in focus
• How are these ASX 200 retail shares tracking after JobKeeper’s end?

Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra 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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At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is on course to end a positive week with a small daily decline. The benchmark index is currently down 0.4% to 6,971 points.

Here’s what has been happening on the market today:

Tech shares rise

A number of tech shares including Kogan.com Ltd (ASX: KGN) and Nextdc Ltd (ASX: NXT) are outperforming the market today. This appears to have been driven by improving investor sentiment in the tech sector following a solid night of trade on the Nasdaq index. The tech-focused index outperformed other benchmarks with a decent 1% gain. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is up 0.6%.

Afterpay US update

The Afterpay Ltd (ASX: APT) share price is trading higher today after announcing the completion of the tender offer made to eligible participants under the Afterpay US 2018 Equity Incentive Plan. According to the release, following its completion, the company’s underlying interest in the Afterpay US business has now increased to approximately 91%. This is up from 80% at the end of the first half of FY 2021.

Big four banks drop

The big four banks are all out of form on Friday and weighing heavily on the performance of the ASX 200. While all four banks are in the red, the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is the worst performer with a 0.5% decline. Investors may be taking profit after some very strong gains in the sector so far in 2021.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Friday has been the Kogan share price with a 4.5% gain. This follows a rebound in beaten down tech stocks today. The worst performer on the index has been the Flight Centre Travel Group Ltd (ASX: FLT) share price with a decline of almost 3%. This may be due to concerns over Australia’s vaccine rollout.

More reading

• Why Anteotech, EROAD, Jindalee Resources, & Kogan are pushing higher
• 4 fantastic ASX shares with exposure to the cloud computing boom
• Looking for the next Afterpay and Zip? Try these small cap ASX shares
• Why the Afterpay (ASX:APT) share price is pushing higher today
• This broker expects great things from Bank of Queensland’s (ASX:BOQ) results next week

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Kogan.com 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

GameStop (NYSE: GME) is now fully controlled by the activist investors who were calling for change at the video game retailer.

Weeks after numerous executives either quit or were ousted from their jobs, and most of the board of directors declared they would not stand for reelection at the annual shareholders meeting, the company announced activist investor Ryan Cohen would become board chairman.

If it wasn’t clear before, those who are looking to transform GameStop into the “Amazon of video games” are now firmly in charge.

Cohen was one of the loudest voices calling for change at GameStop. He advocated for the retailer to sell off most of its unprofitable physical stores and switch primarily to an online business model since the industry was swiftly moving to a digital and download future.

He was subsequently appointed to GameStop’s board, where he was joined by another activist investor from the Starboard Value hedge fund. And along with a former Chewy (NYSE: CHWY) executive whom Cohen brought with him to the video game retailer, the trio was appointed to a special committee to oversee GameStop’s evolution.

Now Cohen will serve as point man for the entire company.

Where once GameStop looked like it was on the verge of irrelevance in the face of a rapidly changing video game industry, Cohen has been able to attract executive talent from Amazon, Walmart, Chewy, and elsewhere to help transform the business.

Shares of GameStop are up over 800% in 2021, in large part because of the Reddit rally in January that sought to punish short-sellers for trying to drive the retailer’s stock down to zero. But the price hike was ignited before that by Cohen’s original appointment to the board.

The stock is now 5,600% higher than where it was 12 months ago. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• Will a retreating Reddit army trample the IOUpay (ASX:IOU) share price?
• Tesla and GameStop were some of the most popular US shares last week
• Is GameStop the next Blockbuster, Amazon, or Best Buy?
• Is the GameStop (NYSE:GME) share price about to go in full retreat?
• GameStop appoints former Amazon and Chewy Execs in turnaround bid

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Chewy, Inc. Rich Duprey 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Big brokers have run the ruler over 3 ASX shares that could provide investors with upside in the short to medium term.

ASX shares rated a buy on Friday 

EML Payments Ltd (ASX: EML) 

The EML share price surged into record territory on Wednesday after announcing the acquisition of Sentenial Limited. The acquisition also includes its subsidiary, Nuapay, one of few open banking products in the marketplace. 

UBS is one of the latest brokers to upgrade its view of the EML share price. The broker believes that Nuapay is well placed for the land grab opportunity within the processing component of open banking in Europe, with the potential to expand into the United States and Australia over the medium term. 

A key challenge for the EML share price over the last 12 months has been its gift card business which was impacted by COVID-driven shopping centre closures and lockdown measures. UBS notes the acquisition represents another move away from its gift card earnings.

The broker retained a buy rating and raised its target price from $5.70 to $6.20. EML shares have run more than 15% this month and are currently fetching $5.75 at the time of writing. 

Nufarm Ltd (ASX: NUF) 

The crop protection and specialist seeds company has been a solid performer this year, climbing more than 25%. Macquarie has rated Nufarm shares as outperform with the expectation that its first-half results will show an improvement in Australia and Europe. 

The broker wants to see how an improvement in the business environment will impact the bottom line. Macquarie expects that Australia and Europe to make a meaningful contribution to earnings growth in FY21. 

Nufarm shares were rated as an outperform with an increase in target price from $5.50 to $5.70. Nufarm shares are trading at $5.31 at the time of writing. 

Tyro Payments Ltd (ASX: TYR) 

The Tyro share price has come a long way since its terminal outage and short-seller attack in February 2021. Its shares are almost 10% higher year-to-date, climbing almost 60% from its February lows. 

Morgans initiated coverage of Tyro shares on Friday, with an add rating and a $4.25 target price. The broker highlights the total transaction value acquired (TVA) in Australia of $660 billion as at FY20, with $171 billion in Tyro’s core verticals of health, hospitality and retail. 

Morgans is bullish on the company’s ability to grow its TVA market share from 1.4% to 3.5% between FY15 and 1H21 while consistently improving its operating leverage over time.  Tyro shares are currently trading at $3.67.

More reading

• Why the EML (ASX:EML) share price keeps getting more attractive
• ASX stock of the day: EML Payments (ASX:EML) shares keep rising
• Why Creso, EML, Immutep, & Western Areas shares are storming higher
• Brokers name 3 ASX shares to buy today
• Bullish ASX 200 shares breaking into 52-week highs 

Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tyro Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends EML Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. 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 Genesis Minerals Ltd (ASX: GMD) share price is flat in morning trade despite the miner announcing a significant resource upgrade.

We take a look at the ASX gold share’s latest announcement below.

What did Genesis Minerals report this morning?

Genesis Minerals shares are flat after the company upgraded its mineral resources estimate at its Ulysses Gold Project in Western Australia.

The new mineral resources estimate for the project is 1,608,000 ounces of contained gold, a 26% increase on the previous estimate from June 2020.

Additionally, the ASX gold miner reported a 32% – 237,000 ounce – increase in its higher-confidence total measured and indicated mineral resource, bring the measured and indicated gold at Ulysses to 61% of the total contained ounces.

Commenting on the resource upgrade, Genesis managing director Michael Fowler said:

This is a result that confirms the scale and quality of the Ulysses Project, reflecting the outcomes of the highly-successful drilling programs completed over the expanded project area over the past six months…

The updated Mineral Resource will now form the foundation of our ongoing Feasibility Study on a standalone gold project at Ulysses, which is on-track for delivery next Quarter and is expected to potentially comprise both an open pit and underground mining operation…

This Resource will continue to be updated, with strong growth potential. Drilling is continuing and a further update is expected late this year.

The company is targeting its next resource update for the fourth quarter of the 2021 calendar year.

Genesis Minerals share price snapshot

Genesis Minerals shares are up 110% over the past 12 months, outpacing the 33% gains posted by the All Ordinaries Index (ASX: XAO) in that same time.

The Genesis Minerals share price has been struggling in 2021, with shares down 21% year-to-date.

At the current price of 6.3 cents per share, Genesis Minerals has a market cap of $128 million.

More reading

• Why the Universal Biosensors (ASX:UBI) share price is shooting 36% higher today
• AnteoTech (ASX:ADO) share price rockets 9% on major project news
• Why the Fatfish (ASX:FFG) share price is soaring today
• Why Anteotech, EROAD, Jindalee Resources, & Kogan are pushing higher
• Why Amazon could be the big winner in the Biden infrastructure bill

Motley Fool contributor Bernd Struben 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 Universal Biosensors, Inc. (ASX: UBI) share price is rocketing today, up 36%. The positive price movement after two company announcements: an agreement for cancer detection technology and an exclusive supply agreement.

At the time of writing, shares in the medical diagnostics company are trading at 65 cents each, after shooting up to a 52-week high of 85 cents near the open. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.28% lower.

Let’s take a closer look at today’s announcements and how they might affect the Universal Biosensors share price.

Cancer detection technology

In its first statement to the ASX, the company declared it “has entered into an exclusive licence and supply agreement with Lubris BioPharma LLC…” to commercialise a biosensor test that can detect and monitor cancer.

Universal said the Tn biosensor was jointly developed by Deakin University, Swinburne University of Technology and The University of Wollongong using technology supplied by Lubris.

The agreement between Universal Biosensors and Lubris will be global, exclusive, and perpetual, and covers all intellectual property rights, commercialisation, development and manufacturing rights.

Universal Biosensors will own all new intellectual property. The biosensor has already been clinically tested on 1,000 patients.

Speaking on this announcement, Universal Biosensors CEO John Sharman said:

To be able to identify and measure, then monitor the rate of a healthy human cell becoming a cancer cell from a handheld point-of-care biosensor device is an exciting prospect for UBI.

…the blood testing market for the monitoring of cancer remission patients annually is estimated at $17 billion. It would be wonderful if this initiative could improve the lives of many of the 131 million cancer remission patients around the world.

He added:

The next step to develop a commercial product is to ensure the Tn biosensor can be reproduced on our manufacturing line and measured reliably using patients’ whole blood. Based on our initial feasibility we estimate this could take 3 years and cost between $5 – $7 million. UBI has $25 million of cash reserves and no debt.

Exclusive supply agreement

In its second statement that is shooting up the Universal Biosensors share price today, the company updated an exclusive, global supply agreement with Lubris.

Lubris will supply Universal Biosensors with an antifouling coating called Lubricin that, when applied to an electrochemical biosensor, can improve its detection power by 1 million times more. It can be used in many applications, including human health, veterinary science, wine testing, and environmental research.

According to Universal Biosensors, the supply agreement does not contain any specific minimum purchase requirements. However, if Universal Biosensors is unsuccessful in commercialising its product, the agreement will become non-exclusive.

Speaking on the supply agreement, Mr Sharman said:

The agreement for the supply of Lubricin for use on UBI’s electrochemical biosensor platform is a generational advancement for UBI’s technology.

Our strategy is to partner with companies that have developed biosensors in large markets which can be used on our hand-held platform technology. Our ambition is to develop a stable of revenue generating biosensor products capable of detecting analytes of interest in key industries,

Universal Biosensors share price snapshot

Including today massive increase, the Universal Biosensors share price has gained 261% over the past 12 months and is up 37% year-to-date. 

Universal Biosensors has a market capitalisation of $122.9 million.

More reading

• Universal Biosensors (ASX:UBI) share price is lifting today. Here’s why

Motley Fool contributor Marc Sidarous 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 Anteotech Ltd (ASX: ADO) share price is up 9% this morning, after the company shared news it is to be a part of a major battery project.

AnteoTech will be the supplier of silicon composite to the Super Anode Project, a 4-year project designed to kickstart Australia’s battery industry.

Investors seem to be exited about the news too. After the company announced its participation, the AnteoTech share price rose to an intraday high of 28 cents, a 16.6% gain on yesterday’s closing price.

At the time of writing, the AnteoTech share price is trading for 26 cents apiece.   

Let’s look closer at AnteoTech’s news and the Super Anode Project.

Is this the beginning of the future for AnteoTech?

AnteoTech announced this morning that it has signed an agreement to participate in Future Battery Industries Cooperation Research Centre‘s (FBICRC) Super Anode Project.

As well as its involvement, AnteoTech estimates it will contribute $500,000 to the project and receive some intellectual property rights over the resulting technology. It assures investors it will retain all intellectual property rights of its products used in the project.

AnteoTech says its participation also gives it access to skilled researchers with sophisticated equipment to develop and refine its own silicon composite material. The project itself will also work towards achieving better performance from the company’s silicon composite material.

The Super Anode Project will work to complete two equally funded major tasks. Firstly, to develop Australia’s flake graphite production by changing processing measures, allowing Australia’s graphite to meet the standards of global battery manufacturers. Secondly, to develop high-capacity, silicon-containing anodes that meet future capacity requirements.

The FBICRC is made up of nearly 60 industry participants, 8 universities, the CSIRO and Federal and State Governments. It’s a 6-year research and development program targeting all points of the battery value chain to deliver commercial, proprietary outcomes. It hopes to allow Australia to become a future leader in battery industries.

It has a budget of around $130 million of cash and contributions.

Commentary from management

AnteoTech’s head of energy Manuel Wieser said its participation in the Super Anode Project will be a great opportunity to collaborate with other key players in the Australian battery industry.  

We have already demonstrated solid results with our in-house testing of half cell batteries. This Project will take our work to the next level providing scale-up, demonstration and validation opportunities for the silicon composite development work being undertaken by AnteoTech while creating a marketable product and expanding AnteoTech’s (intellectual property) portfolio.

AnteoTech share price snapshot

The AnteoTech share price is having a great year on the ASX so far.

Currently, it’s up 131.8% year to date. It’s also up by 1,175% over the last 12 months.

AnteoTech has a market capitalisation of around $449 million, with approximately 1.8 billion shares outstanding.

More reading

• Why Anteotech, EROAD, Jindalee Resources, & Kogan are pushing higher
• These ASX shares have doubled in value in 2021
• Why AnteoTech, Crown, Dotz Nano, & Galan Lithium are zooming higher
• Why the AnteoTech (ASX:ADO) share price is surging 15% today

Motley Fool contributor Brooke Cooper 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 Fatfish Group Ltd (ASX: FFG) share price is up 6% in morning trade.

The ASX technology venture share came out of a 1 day trading halt this morning following the release of a fundraising update to the ASX.

We take a look at the details below.

What did Fatfish announce to the ASX this morning?

Fatfish shares are moving higher after the company reported that RightBridge Ventures AB – one of its Swedish subsidiaries – has successfully raised SEK55 million (AU$8.4 million) in funding.

RightBridge is a subsidiary of Fatfish’s Swedish subsidiary Abelco Investments Group AB.

The company said the funding round has a post-money valuation of $22.1 million.

Once the funding round is complete, Abelco will own approximately 53% of RightBridge, leaving Fatfish with a non-substantial stake of 0.6%.

At the same time, RightBridge is acquiring a 10.7% stake in Swedish-based Esports Pulze AB. The global esports platform operates epulze.com. According to the release, the platform has more than “400,000 registered users, hosted over 1,000,000 matches and held over 53,000 tournaments”. The acquisition furthers RightBridge’s business plan to become a leader in esports investment in the Scandinavian region.

Fatfish added that:

The funding round also implies the ability of a FFG’s subsidiary to attract independent funding from third-party institutional investors, without being solely dependent on FFG for funding. In fact, all of FFG’s major businesses have to date managed to secure significant third-party funding. This further validates FFG’s business model and acumen as an international tech venture builder.

Fatfish share price snapshot

Over the past 12 months, Fatfish shares have soared a remarkable 1,200% higher, racing past the 33% gains posted by the All Ordinaries Index (ASX: XAO).

Year-to-date the Fatfish share price is up 225%. At the current price of 13 cents per share, Fatfish has a market cap of $122 million.

More reading

• What’s happening with the Musgrave Minerals (ASX:MGV) share price?
• Why the McGrath (ASX:MEA) share price is climbing today
• House prices flying, fixing your home loan, and where to find a job
• How housing policy and retiree wealth are shifting the super conversation
• ASX 200 Weekly Wrap: ASX 200 gets its mojo back

Motley Fool contributor Bernd Struben 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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In late morning trade on Friday the S&P/ASX 200 Index (ASX: XJO) has run out of steam and is tumbling lower. At the time of writing, the benchmark index is down 0.3% to 6,976.5 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Anteotech Ltd (ASX: ADO)

The Anteotech share price has jumped 7% to 25.7 cents. This morning the surface chemicals company announced that it has executed a project participation agreement with the Future Battery Industries CRC for collaboration in the Super Anode Project. According to the release, the Super Anode Project is a four-year project with the aim of developing the materials, processes and cell-level technology to kick-start Australia’s battery industry.

EROAD Ltd (ASX: ERD)

The EROAD share price has climbed 5% to $4.61 after announcing a major new contract win. According to the release, the transportation technology services company has signed a five-year agreement with essential services provider Ventia. The deal will see Ventia install approximately 2,500 Ehubo 2 devices in their Australian fleet. This almost doubles the company’s current footprint in Australia.

Jindalee Resources Limited (ASX: JRL)

The Jindalee Resources share price is rocketing 27% higher to $2.33. This follows the release of an update on the mineral resource estimate of its 100% owned McDermitt Lithium Project in the United States. According to the release, the updated mineral resource estimate indicates that the company owns the largest lithium deposit in the United States based on contained lithium.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up almost 5% to $13.15. Investors have been buying Kogan and other tech shares on Friday after a solid night of trade for the Nasdaq index. The tech-focused index rose 1% after bond yields softened in the United States. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is up a decent 0.6%.

More reading

• AnteoTech (ASX:ADO) share price rockets 9% on major project news
• Here’s why the EROAD (ASX:ERD) share price is jumping 8% today
• Why the Jindalee Resources (ASX:JRL) share price is rocketing 55% higher
• Will the Kogan (ASX:KGN) share price making a comeback in April?
• This ASX tech company’s shares could be among those to watch over the next few years

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 Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com 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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