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The Qantas Airways Limited (ASX: QAN) share price overcame the market turbulence on Monday and took off.

The airline operator’s shares rose 2% to $6.28, whereas the ASX 200 index dropped 1.1% to 7,224.8 points.

Can the Qantas share price keep flying?

The good news for investors is that one leading broker believes Qantas shares are barely off the runway.

According to a note out of Goldman Sachs, its analysts have responded to the company’s half-year results by retaining their buy rating with an improved price target of $8.30.

Based on the current Qantas share price, this implies potential upside of 32% for investors over the next 12 months.

What did the broker say?

Goldman Sachs was pleased with Qantas’ half-year results, which was largely in line with expectations. It commented:

$1.43bn of PBT was within 1% of GSe and consensus and in the top-half of management’s guidance range of $1.35-1.45bn. Adjusted net debt was $2.4bn (-1% vs GSe) compared with $3.9bn as at Jun22. This compares with QAN’s revised (dynamic) target range of $3.9-4.8bn. The company also announced a $500m buyback in 2H23, vs GSe $400m.

And while the broker acknowledges that airfares may now have peaked, it doesn’t expect this to stop Qantas from delivering bumper earnings in the near term. It feels this makes its shares great value, particularly in comparison to pre-COVID times. It explained:

Notwithstanding a decline in unit revenues (and group capacity still at 96% of pre-COVID), our estimated FY24e EPS sits 65% above pre-COVID levels. Despite this, QAN’s market capitalisation is 1% below pre-COVID levels (EV 14% lower). We acknowledge broader macro uncertainty at this point in the cycle, but we believe the current share price does not reflect the group’s improved earnings capacity. Our 12m TP increases slightly to A$8.30 (A$8.20 prev.); retain Buy.

The post Broker tips Qantas share price to fly significantly higher appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 6 ASX shares to pounce on from a boom reporting season: Morgans
• Top brokers name 3 ASX shares to buy next week
• Buy these ASX 200 shares following their results: Goldman Sachs
• Should I buy the dip on Qantas shares?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) started the week out on the wrong foot, falling 1.12% to close at 7,224.8 points.

And it was the giant S&P/ASX 200 Materials Index (ASX: XMJ) that weighed heaviest. It fell 3.15% following a rough Friday session for commodity prices.

Gold futures price dropped 0.5% to US$1,817.10 an ounce on Friday and iron ore futures dumped 0.1% to US$125.85 a tonne. At the same time, copper futures dumped 2.7% and aluminium futures tumbled 2%.

But not all commodities suffered. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.25% on the back of stronger oil prices.

Brent crude oil and US Nymex crude oil each lifted 1.2% to US$83.16 a barrel and US$76.32 a barrel respectively on Friday.

Looking at today’s earnings releases, the Downer EDI Ltd (ASX: DOW) share price plummeted 24% on lower profits and a guidance downgrade, while today’s top performer also posted earnings this morning. Let’s take a look at how it performed in 2022.

Top 10 ASX 200 shares countdown

TPG Telecom Ltd (ASX: TPG) shares outperformed all other ASX 200 stocks today after the company revealed a 354% increase in full-year profits, coming in at $513 million.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
TPG Telecom Ltd (ASX: TPG)	$5	5.93%
Computershare Limited (ASX: CPU)	$24.99	2.5%
Amcor CDI (ASX: AMC)	$16.92	2.24%
Qantas Airways Limited (ASX: QAN)	$6.28	1.95%
Virgon Money UK CDI (ASX: VUK)	$3.15	1.61%
Woodside Energy Group Ltd (ASX: WDS)	$35.13	1.53%
Orica Ltd (ASX: ORI)	$16.14	1.51%
Link Administration Holdings Ltd (ASX: LNK)	$2.19	1.39%
Flight Centre Travel Group Ltd (ASX: FLT)	$18.65	0.92%
Orora Ltd (ASX: ORA)	$3.48	0.87%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Broker tips Qantas share price to fly significantly higher
• How I’d invest $200 a month in ASX shares to target a $1,000 passive income
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Kogan, Praemium, TPG, and Weebit Nano shares are racing higher
• Could this ASX 200 share be the best way to play the energy transition?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration. The Motley Fool Australia has positions in and has recommended Amcor Plc. The Motley Fool Australia has recommended Flight Centre Travel Group, Orora, and Tpg Telecom. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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We’re nearing the official end of the February earnings season, but the excitement isn’t over yet. Many All Ordinaries Index (ASX: XAO) shares are reporting this week, including three retailers each dropping earnings this morning.

And the market is reacting to their results in a big way. Let’s take a look at the moves being made.

Right now, the All Ords is down 1.4% at 7,404.9 points.

3 All Ords shares making moves on half-year earnings

First up is the share price of All Ords online beauty retailer Adore Beauty Group Ltd (ASX: ABY). It hit a high of $1.075 today – marking a 4.9% gain.

Adore Beauty posted its earnings for the first half of financial year 2023 this morning, detailing $93.6 million of revenue – down 17% on that of the prior comparable period, which saw most of Australia locked down. Meanwhile, it revealed a $90,000 loss for the period.

The company also lowered its full year guidance, saying it no longer expects to see double digit revenue growth in the second half. That comes as inflation and waning consumer sentiment take their tolls.

Next, the share price of All Ords jewellery retailer Michael Hill International Ltd (ASX: MHJ) gained 4.4% to peak at $1.075 earlier today.

The company posted an 11% jump in half year revenue, sending it a record $363.4 million. It also declared a 4 cent per share interim dividend – up 14% year-on-year.

It expects its full year earnings before interest and tax to come in ahead of that of financial year 2022.

Making the biggest move of the three All Ords stocks is the City Chic Collective Ltd (ASX: CCX) share price. It plummeted 13.7% to a low of 50.5 cents earlier today.

As previously forecast, the plus size fashion retailer posted $168.6 million of revenue – an 8% fall as it cycled strong pandemic-related trading and struggled against lower consumer demand.

Its underlying operating EBITDA came to a $3.4 million loss while it posted a statutory net loss after tax of $27.2 million.

Looking beyond the first half, the company noted trading was down 17% year-on-year in the first seven weeks of the second half.

Though, it expects to deliver a positive net cash position by the end of this fiscal year. Currently, it has a $13.4 million net debt position.

The post 3 ASX All Ords shares on the move following results announcements appeared first on The Motley Fool Australia.

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More reading

• Top ASX small-cap shares to buy in 2023
• Top ASX growth shares to buy in February 2023
• Two ‘attractive’ ASX shares set to outperform in 2023: fund manager
• Top ASX value shares to buy in February 2023
• How to create a million-dollar ASX share portfolio in two decades

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 recommended Adore Beauty Group. The Motley Fool Australia has recommended Adore Beauty Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On the hunt for ASX shares offering passive income?

Well, here’s some good news.

As ASX investors, we have a big leg up on most of our international peers when it comes to passive income.

That’s due to the franking credits received here in Australia on many company dividend payouts.

With fully franked dividends, investors won’t need to pay the taxes the company has already paid on the profits it booked in Australia.

Investors with little to no other sources of income may even receive a tax credit on the franked dividends they received over the financial year come tax time.

So, here’s how I’d go about investing $200 a month in ASX shares to garner $1,000 in passive income.

$1,000 a month in passive income from ASX shares

First, I’d likely restrict myself to the larger end of the market.

S&P/ASX 200 Index (ASX: XJO) dividend shares will usually have longer track records and less volatility than small-cap stocks. There’s also more readily available research on ASX 200 dividend shares.

And when hunting for ASX shares to build my $1,000 passive income stream, I’d stick to the ones paying fully franked dividends.

I’d also want some diversification. This means I wouldn’t want to invest in companies that are all involved in the same sector and subject to the same potential headwinds.

With that said, here are three ASX 200 dividend shares in three very different industries that I’d invest in for passive income.

Banking, retail, and energy

First up we have ASX 200 bank ANZ Group Holdings Ltd (ASX: ANZ).

ANZ currently trades for $24.72 per share and has a market cap north of $74 billion.

The bank’s share price has been trending higher, up 5% in 2023. And it has a lengthy track record of two dividend payments per year, offering historically reliable passive income.

ANZ pays a trailing, fully franked dividend yield of 5.9%.

Next up we have ASX 200 energy stock Woodside Energy Group Ltd (ASX: WDS).

Woodside currently trades for $35.20 per share and has a market cap of $68 billion.

The Woodside share price is down 1% in 2023, largely due to a retrace in the soaring energy prices we witnessed last year. Woodside also has paid two yearly dividends each year going back many years, making it another solid ASX stock to investigate for passive income.

Woodside pays a fully franked trailing dividend yield of 8.9%.

 

Which brings us to ASX 200 retail stock, Harvey Norman Holdings Ltd (ASX: HVN).

Harvey Norman currently trades for $4.15 per share and has a market cap of $5.2 billion.

The Harvey Norman share price has gained 1% so far in 2023. Like the other two ASX 200 dividend shares, it makes my list for passive income in part due to making two annual dividend payouts for well over a decade.

Harvey Norman pays a full franked trailing dividend yield of 9.0%.

 

Foolish takeaway

I won’t build $1,000 of passive income by investing $200 a month in these ASX shares overnight.

And I’d likely look at expanding the list for even more diversification.

But I think these three ASX passive income stocks are a great way to start.

Together they pay an average trailing, fully franked yield of 7.9%.

If those yields remain consistent (they could go higher or lower), it would take me 63 months, or just over five years, to generate $1,000 of passive income from these ASX shares if I bought an equal amount of each. And that’s income that would likely come with some healthy tax benefits.

And that’s not even considering the potential share price gains over that time frame.

For example, over the past five years, the Harvey Norman share price is up 13%; Woodside shares have gained 23%; while the ANZ share price has gone the other way, down 13%.

The post How I’d invest $200 a month in ASX shares to target a $1,000 passive income appeared first on The Motley Fool Australia.

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More reading

• The Woodside dividend has just been boosted by 87%. Here’s what you need to know
• Woodside share price higher on record US$5.23b profit
• Earnings preview: Here are the ASX shares reporting on Monday
• 5 things to watch on the ASX 200 on Monday
• 3 steps to bring in $1,000 per month in passive income

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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As many readers would know, earnings season is still in full swing on the ASX this week. The All Ordinaries Index (ASX: XAO) has started the week off on a shaky foot, recording a rather nasty 1.33% fall for ASX shares so far this Monday. Contributing to these losses today are some of ASX’s latest earnings results.

So let’s check out two ASX shares that are crashing big time this session after reporting some lacklustre earnings this morning.

2 ASX shares copping a 7%-plus pounding today

Invocare Ltd (ASX: IVC)

ASX 200 funeral services provider Invocare is first up. Invocare reported its earnings this morning for the full 2022 financial year. It was a bit of a mixed bag for the company.

Invocare reported revenues of $591.97 million for the 12 months, up 11.2% from $532.5 million in 2021. But net profits collapsed, falling from an $80.3 million profit in FY2021 to a $1.71 million loss in FY2022.

The company’s final dividend will take a haircut as a result, falling from 11.5 cents per share in 2022 to 11 cents per share.

Investors have not taken kindly to these earnings. The Invocare share price is currently down a nasty 10.4% to $9.91. That puts Invocare shares at a 28.45% loss over the past five years:

Airtasker Ltd (ASX: ART)

Next up we have ASX tech share Airtasker. Airtasker isn’t too long into its life as an ASX-listed company, having only floated back in March 2021. The online gig-centric marketplace provider also reported its own numbers today, this time covering the first six months of FY2023.

It was a generally positive earnings report on the face of it. Airtasker reported a 57% jump in revenues to $21.8 million. Gross marketplace volumes also rose by 58% to $131.7 million, while gross profits spiked 58% to $20.3 million.

But Airtasker also revealed that its earnings before interest, tax, depreciation and amortisation (EBITDA) ballooned from a loss of $3.7 million in the prior period to a loss of $5.1 million for this half.

Investors were not impressed by any of this though, and have sent Airtasker shares down by a hefty 7.14% to 26 cents a share so far this session. The company is now down by a depressing 61.8% over the past 12 months:

The post 2 ASX shares crumbling over 7% on results announcements appeared first on The Motley Fool Australia.

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More reading

• Why Appen, Downer, Fortescue, and Invocare shares are crashing today
• 3 ASX tech shares that could return 100% in 2023

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week by giving investors a kick up the proverbial so far this Monday. At the time of writing, the ASX 200 has dropped sharply lower and has currently bled a nasty 1.29%, down to just over 7,212 points.

But let’s try not to let this set the tone for the week. So instead of dwelling on that sobering metric, it’s time now to check out the shares that are currently at the top of the ASX 200’s share trading volume charts at present, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Downer EDI Ltd (ASX: DOW)

Our first ASX 200 share up this Monday is the engineering and construction company Downer EDI. So far this session, a decent 19.58 million Downer shares have been exchanged on the ASX. There is a good reason for this high volume, and it isn’t a pleasing one.

Downer reported its half-year earnings this morning, and it was a bit of a horror show. As we covered at the time, the company announced a 20.3% drop in profits and a 58% cut to its dividend. In response, the Downer share price has cratered by a depressing 22.73% – no wonder so many shares are flying around.

Sayona Mining Ltd (ASX: SYA)

Next up, we have an ASX 200 lithium stock in Sayona Mining. This Monday has had a sizeable 20.93 million Sayona shares say sayonara to their old shareholders. There hasn’t been much in the way of news or announcements out of Sayona today though.

So this high volume could be the result of the movements in the Sayona share price itself. Sayona isn’t having nearly as bad a day as Downer. But this lithium share is still down a meaty 2.13% at 23 cents a share after falling as low as 22 cents earlier this morning. It’s this drop that looks like it has caused this elevated volume on display.

Pilbara Minerals Ltd (ASX: PLS)

Our third and final share this Monday is another ASX 200 lithium stock in Pilbara Minerals. This session has seen a substantial 29.95 million Pilbara shares trade hands as it currently stands. There hasn’t been any news out from Pilbara either today.

But you would think there would be, judging by the massive losses we are currently seeing in this company’s share price. Pilbara shares are presently down by a not-too-pleasing 7.06% at $4.21 each. It’s this sell-off that looks to be prompting this high trading volume.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Why Appen, Downer, Fortescue, and Invocare shares are crashing today
• Could this ASX 200 share be the best way to play the energy transition?
• ASX 200 share Downer crashes 21% on lower profit and guidance
• Here’s what brokers are saying about the Pilbara Minerals share price
• Here are the 10 most shorted ASX shares this week

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Allkem Ltd (ASX: AKE)

According to a note out of Goldman Sachs, its analysts have retained their buy rating on this lithium miner’s shares with a slightly trimmed price target of $15.40. Goldman was pleased with Allkem’s first-half result, noting that its EBITDA came in slightly ahead of expectations. Looking ahead, Allkem is Goldman’s preferred lithium exposure due to its optionality across the Americas and Australia on the largest lithium resource under its coverage and its discount to peers at 0.85x NAV (versus peer average ~1.1x). The Allkem share price is trading at $11.25 today.

Jumbo Interactive Ltd (ASX: JIN)

A note out of Morgans reveals that its analysts have retained their add rating on this online lottery ticket seller’s shares with a lowered price target of $16.50. Although Jumbo’s half-year earnings were a touch short of expectations, the broker remains positive on the future due to the shift online. It also sees plenty of value in its shares at the current level. The Jumbo share price is fetching $13.90 this afternoon.

Mineral Resources Ltd (ASX: MIN)

Another note out of Morgans reveals that its analysts have retained their add rating on this mining and mining services company’s shares with an improved price target of $102.00. While Mineral Resources’ half-year result was short of consensus estimates, it was largely in line with what the broker was forecasting. Outside this, Morgans has upgraded its valuation of Mineral Resources’ lithium operations. This has more than offset a downgrade to the valuation of its iron ore operations. The Mineral Resources share price is trading at $79.99 on Monday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 mining shares ending the week in the red?
• Jumbo share price slips despite revenue growing 18%
• Which ASX 200 lithium share takes the crown for dividend yield right now?
• Silver lining: Mineral Resources shares to pay interim dividend
• Allkem share price in the green as ASX 200 lithium stock posts record revenue

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Objective. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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High inflation has hurt household budgets, some business profits and caused central banks to hike interest rates. There are some leading S&P/ASX 200 Index (ASX: XJO) shares that I’ve got on my watchlist that I may pounce on.

Impacts from the COVID-19 period impacted both supply and demand in the global economy. To take demand out of the economy, central banks took interest rates back to pre-COVID times, and then kept going.

In the Reserve Bank of Australia’s (RBA) most recent monthly update, it said that CPI inflation over the year to December 2022 was 7.8%, the highest since 1990. In underlying terms, inflation was 6.9%, which was higher than expected. Domestic demand is “adding to the inflation pressures.”

The RBA said inflation is expected to decline this year, with both global factors and slower growth in domestic demand. The central forecast is for CPI inflation to decline to 4.75% in 2023 and to around 3% by mid-2025.

It was recently reported that the ‘core personal consumption expenditure price index’ in the US, which is the Federal Reserve’s preferred measure of inflation, saw a 0.6% rise in January, with a 4.7% increase from the prior year, which was above economists’ expectations.

This could mean that the Federal Reserve needs to keep increasing interest rates to end elevated inflation.

But, I think these two ASX 200 shares look like compelling ideas in this environment.

Brickworks Limited (ASX: BKW)

Brickworks is one of the leading building product manufacturers in Australia. It’s the leading brickmaker in Australia, while also having a strong presence in areas like masonry and roofing.

The outlook for the housing market and construction in Australia is weaker than in 2021 because of the current economic climate. But, I think there will be another period of strength in the future, so I think this period of weakness could be a prime time to invest.

I think the ASX 200 share’s half-ownership of the two industrial property trusts along with Goodman Group (ASX: GMG) is very useful – it’s giving it a source of growing cash flow thanks to the rental profit, as well as growing underlying value thanks to finishing warehouse property developments.

Those industrial properties are benefiting from structural tailwinds, fuelling strong demand for prime industrial property. The developments are “increasingly sophisticated, incorporating features such as robotics, automation and multi-storey warehousing and providing critical supply chain and logistics solutions” for customers.

I think the industrial property, plus the holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares, give the business a lot of underlying value and protection.

Brickworks revealed that at the end of its last financial year, it had a net inferred asset backing which equated to around $33 per share, but that value does shift around as the Soul Pattinson share price changes.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Pinnacle is a business that invests in funds management businesses and helps them grow. The business partners with leading fund managers that want to start or grow their own businesses. Pinnacle can help with tasks like legal, compliance, reporting, seed funds under management (FUM) and so on.

Since early November 2021, the Pinnacle share price has dropped by around 45%. I think that makes it a great time to consider investing in the business.

It’s not surprising to me that the business has suffered. Not only has the underlying FUM been hurt by falling asset markets, but investors may be more likely to pull their money out and less likely to put money into one of the fund managers that Pinnacle is invested in.

I think that when inflation slows and interest rates stop rising (and even begin to fall), the FUM could naturally start rising and investors may be more confident about putting money to work with one of the ASX 200 share’s fund managers.

The post If inflation has peaked, these are the ASX 200 shares I’ll snap up appeared first on The Motley Fool Australia.

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More reading

• ASX investors: 3 of the best Aussie dividend stocks to buy this year
• Banking on term deposits to retire rich? I’d buy ASX 200 dividend shares instead
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Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks, Pinnacle Investment Management Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Pinnacle Investment Management Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is having a tough start to the week. In afternoon trade, the benchmark index is down 1.3% to 7,213.3 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Appen Ltd (ASX: APX)

The Appen share price is down 13% to $2.39. This morning, the struggling artificial intelligence data services provider released its full-year results and reported a sizeable decline in sales. Things were even worse on the bottom line, with Appen swinging from a US$40.6 million profit in FY 2021 to a US$22.8 million underlying loss in FY 2022. Management also revealed that it has had a soft start to FY 2023.

Downer EDI Ltd (ASX: DOW)

The Downer EDI share price is down 23% to $3.06. Investors have been selling this integrated services company’s shares after it released its half-year results. Downer reported a 2.9% increase in revenue to $6.1 billion but a 20.3% decline in profit to $68.1 million. Management blamed the latter on unprecedented weather, labour shortages, and contract and project losses in its utilities segment. Downer also downgraded its full-year guidance again.

Fortescue Metals Group Ltd (ASX: FMG)

The Fortescue share price is down 7% to $20.85. Some of this decline is due to the iron ore miner’s shares trading ex-dividend this morning. Eligible shareholders can now look forward to receiving this dividend towards the end of next month.

InvoCare Limited (ASX: IVC)

The InvoCare share price is down over 10% to $9.91. Investors have been selling this funerals company’s shares after its full-year result disappointed the market. Invocare posted a 12% increase in revenue but a loss of $1.8 million. The latter was impacted by an unrealised mark-to-market revaluation of pre-paid funds under management and contract liabilities.

The post Why Appen, Downer, Fortescue, and Invocare shares are crashing today appeared first on The Motley Fool Australia.

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More reading

• ASX 200 share Downer crashes 21% on lower profit and guidance
• Why is the Fortescue share price sinking 8% today?
• Appen share price crashes on US$239m FY22 loss
• Why are ASX 200 mining shares ending the week in the red?
• 7 ASX 200 shares with ex-dividend dates next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Usually, in this space, you’ll get my thoughts on investing, business and the economy.

More often than not, they’re inspired by a particular experience I’ve had, or observation I’ve made.

But not this time.

This time, the story is Casey’s.

Well, Casey’s son’s, actually.

His name is Isaiah. He’s 10.

And it’s the story of why investing can be so powerful.

And why we invest, at all.

If this doesn’t get your week off to the right start nothing will.

Over to Casey:

“Thought you’d enjoy a laugh.

“My 10 y.o got asked in class as part of a class discussion last year what he would do if he won a million dollars.

”He told the class he would spend it all on index funds.

“When asked why, he told his teacher that if he bought a million dollars of ETFs today, he would have 2 million dollars when he was grown up and could do whatever he wants.”

Man, talk about a kid who gets it, right?

Casey went on:

“He was so proud to come home and tell me.

“Actually more proud of the reasoning.

“It started from him asking me why I’m obsessed with money because of all the pods I listen to and what I read.

“It became a discussion about how I don’t want to be rich, I just want some freedom to be a home dad rather than a work dad.

“I like that he’s picked up the freedom as the reason rather than the money.”

Get it?

It’s not about the money.

At least, not in the sense of wanting it for its own sake.

It’s what it allows you to do.

Will you read a better rationale for investing, this week?

(In case you’re wondering: No, you won’t.)

See, Isaiah gets it.

Because he’s a smart kid, but also because Casey has taught him well.

(And, as any parent knows, while the lesson came because Isaiah asked the question, it was Casey’s example – and his son observing it – that opened the door.)

And we can learn from it too.

I have a simple question for you:

When it comes to investing, what’s your “why”?

If you have a ‘why’ – and it’s clear in your mind – I’m going to bet you’re already well on the way.

Because once you know where you want to go, you can plan the journey.

And it’ll make the plan easier to stick to.

Isaiah gets it.

Casey gets it.

Be like Casey. And Isaiah.

Set a goal. Work out how you’re going to get there.

Then crush it.

Fool on!

The post Investing lessons from a 10 year old appeared first on The Motley Fool Australia.

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More reading

• Why Kogan, Praemium, TPG, and Weebit Nano shares are racing higher
• Could this ASX 200 share be the best way to play the energy transition?
• Droneshield share price dips despite record year
• Beginner investor? Warren Buffett says start early!
• ASX 200 share Downer crashes 21% on lower profit and guidance

Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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