Tag: Motley Fool

Warren Buffett is perhaps the world’s most famous and successful value investor. If like him, and the father of value investing, Benjamin Graham, you believe fear and greed often result in the mispricing of shares, you may already be a value investor.

But the value investing strategy is not without its pitfalls. Investors need to be able to sniff out genuine value shares they believe are trading below their intrinsic value, whilst at the same time avoiding the perils of value traps.

So, if you’re keen for some insights into which ASX shares could potentially be trading at bargain prices right now, you’re in luck! Because we asked our Foolish contributors which companies they believe could be flying well under the radar in the new year. Here is what the team came up with:

6 best ASX value shares for 2023 (smallest to largest)

Shaver Shop Group Ltd (ASX: SSG), $150.66 million

Michael Hill International Ltd (ASX: MHJ), $419.56 million

Universal Store Holdings Ltd (ASX: UNI), $435.01 million

Adairs Ltd (ASX: ADH), $497.5 million

MFF Capital Investments Ltd (ASX: MFF), $1.42 billion

JB Hi-Fi Limited (ASX: JBH), $5.15 billion

(Market capitalisations as at market close on 17 January 2023)

Why our Foolish writers love these ASX value shares

Shaver Shop Group Ltd

What it does: Shaver Shop operates in Australia and New Zealand. It has been operating since 1986 and now has more than 120 stores selling male and female hair removal products such as electric shavers, clippers and trimmers, and wet shave items. It also sells a wide range of products across oral care, hair care, massage, air treatment, and beauty categories.

By Tristan Harrison: Starting with how good value Shaver Shop is, this ASX share is currently priced at around eight times FY24’s estimated earnings and less than 10 times FY23’s estimated earnings, according to Commsec data. As such, the dividend income alone could amount to a dividend yield of around 12.6% in 2023.

The beauty and personal care market is growing, and Shaver Shop’s sales have steadily grown over the past decade. Reopened stores after lockdowns are generating good sales levels (up 13% year over year) to 6 November 2022, with a higher gross profit margin.

Growth of exclusive products generates around 60% of gross profit for Shaver Shop. The company is looking to grow these sales, as well as expand its store network in New Zealand. Plus, it’s expanding the range of products it’s selling.

For these reasons, I believe Shaver Shop would make a top buy for ASX value investors right now.

Motley Fool contributor Tristan Harrison does not own shares of Shaver Shop Group Ltd.

Michael Hill International Ltd

What it does: Founded in 1979, Michael Hill is a jewellery retailer spanning Australia, New Zealand, and Canada with 280 stores. The company’s brand has become synonymous with high-quality rings, earrings, necklaces, and more through its prominent advertising.

By Mitchell Lawler: Michael Hill does not have the hallmark traits of an ASX share I’d typically be interested in. It operates in a highly competitive market that is difficult to differentiate in, and the lack of meaningful revenue growth compared to five years ago leaves plenty to be desired.

However, management has done a great job of guiding the company through the pandemic. Where other retailers went boom and then bust – or simply went bust – Michael Hill has maintained a commendable earnings margin.

Furthermore, the company’s balance sheet is now in impeccable condition. At the end of June 2022, Michael Hill held $95.8 million in cash and no debt – allowing the company to conduct a $10.2 million share buyback and pay 7.5 cents per share in dividends in FY22.

At a price-to-earnings (P/E) ratio of nine times, based on the current share price, I think there could be some decent upside to Michael Hill shares this year.

Motley Fool contributor Mitchell Lawler does not own shares of Michael Hill International Ltd.

Universal Store Holdings Ltd

What it does: Universal Store is the retail company behind the eponymous Universal Store brand. It also recently completed the acquisition of Byron Bay-based fashion brand Thrills.

By James Mickleboro: Although Universal Store’s shares have rebounded strongly from their 52-week low, I don’t believe it is too late to invest. Based on Goldman Sachs’ earnings per share (EPS) forecast of 37.3 cents, at the time of writing, the company’s shares are trading at around 15 times forward earnings.

I feel this is great value given that Goldman is forecasting a 22.4% earnings before interest and tax (EBIT) compound annual growth rate (CAGR) over the next three years (FY22-25). This is expected to be underpinned by the company’s exposure to younger consumers, which should remain resilient relative to the broader population in the current environment, thanks to an increase in the minimum wage.

Goldman has a buy rating and $7.20 price target on Universal Store shares. 

Motley Fool contributor James MIckleboro does not own shares of Universal Store Holdings Ltd.

Adairs Ltd

What it does: Adairs retails home furnishings in Australia and New Zealand, boasting more than 170 stores. It also operates subsidiaries Mocka and the recently acquired Focus on Furniture.

By Brooke Cooper: The Adairs share price has suffered lately, falling by around 27% in 12 months. However, I believe it’s now trading at a decent price.

The company posted earnings per share (EPS) of 26.4 cents for financial year 2022 (FY22) – leaving it with a price-to-earnings (P/E) ratio of 10.5.

Additionally, Adairs’ paid loyalty program has more than a million members – a competitive advantage expected to grow by up to 10% annually in coming years. The company also has a five-year target of $1 billion in annual sales – up from $565 million in FY22.

Finally, Goldman Sachs says the company’s business is more resilient than some may assume and tips its dividends to grow 11% by FY24.

Motley Fool contributor Brooke Cooper does not own shares of Adairs Ltd.

MFF Capital Investments Ltd

What it does: MFF Capital is a listed investment company (LIC) that invests in a portfolio of mostly US-listed shares.

By Sebastian Bowen: I think MFF Capital shares represent compelling value right now. This LIC invests in a concentrated portfolio of international shares. Some of its current holdings include Mastercard, Asahi Group, and Amazon.

By investing in top-quality names like these, MFF has been able to deliver double-digit returns, on average, for many years now.

However, as it stands today, this LIC is trading at a significant discount to the underlying value of its investment portfolio. As such, I think investors are getting a bargain at the current price, the equivalent of buying $1 worth of assets for 90 cents.

Motley Fool contributor Sebastian Bowen owns shares of MFF Capital Investments Ltd, Mastercard, and Amazon.

JB Hi-Fi Limited

What it does: JB Hi-Fi sells home entertainment and technology products through its eponymous stores, and home appliances through its Good Guys stores. It operates through a network of physical stores across Australia and New Zealand and its growing online platform.

By Bronwyn Allen: I like this business because it’s simple to understand. JB Hi-Fi sells TVs, laptops, mobile phones, and loads of other electronic gadgets that people seem to love buying and endlessly upgrading. JB Hi-Fi also sells home appliances, which we all need to replace now and then.

Plus, Aussies are a property-mad bunch who love renovating, which means thousands of householders are buying a whole slew of appliances at once for every new kitchen, laundry, and living room created per year. So, I believe the ongoing demand for JB Hi-Fi’s products is strong. It’s no surprise to me that the company was among the top three best-performing ASX 200 retail shares in 2022.

While the JB Hi-Fi share price actually lost 13.2% in value last year, this followed a 99% surge from its COVID-crash trough through to the end of 2021. So, this pull-back looks like a buy-the-dip opportunity for 2023 to me.

From a value perspective, JB Hi-Fi shares are trading on a very low and, for me, extremely appealing price-to-earnings (P/E) ratio of 9.54, according to the ASX.

Motley Fool contributor Bronwyn Allen does not own shares of JB Hi-Fi Limited.

The post Top ASX value shares to buy in 2023 appeared first on The Motley Fool Australia.

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More reading

• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• Here’s why the JB Hi-Fi share price is smashing the ASX 200 today
• 2 passive income ideas I’d use to generate $100 a week in 2023
• Are ASX 200 retail shares on sale in 2023?
• Guess which ASX 300 share is forecast to pay a dividend yield of 11% in FY24

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs, Amazon.com, and Mastercard. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool Australia has recommended Amazon.com, Jb Hi-Fi, and Mastercard. 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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If you’re looking for an easy way to invest, then exchange traded funds (ETFs) could be the answer.

But which ETFs might be top options right now?

Named below are three quality ETFs that could be worth considering right now:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF.

With China reopening from the pandemic, it could be a quality option for investors. That’s because it provides investors exposure to many of the best tech stocks in the Asian region.

This means you’ll be buying well-known companies such as ecommerce giant Alibaba, search engine company Baidu, and WeChat owner Tencent.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF to consider is the VanEck Vectors Morningstar Wide Moat ETF. It could be a quality option for anyone that is keen to follow in the footsteps of legendary investor Warren Buffett.

This ETF tracks an index which has been designed to replicate the type of investments that Buffett makes. These are companies with fair valuations and sustainable competitive advantages or moats. And given the Oracle of Omaha’s incredible track record, it’s hard to argue against this strategy.

The ETF changes its constituents regularly to reflect valuation changes, but generally comprises approximately 50 companies with the aforementioned qualities. At present, these include the likes of Alphabet, Boeing, Kellogg Co, Meta Platforms, and Walt Disney.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF to look at is the Vanguard MSCI Index International Shares ETF. This could be a good option if you’re looking to diversify your portfolio.

That’s because this popular ETF gives investors access to approximately 1,500 of the world’s largest listed companies.

This also allows investors to take part in the long term growth potential of international economies. Among the shares that you’ll be owning are giants including Amazon, Apple, Nestle, Procter & Gamble, Tesla, and Visa.

The post 3 fantastic ETFs for ASX investors to buy this month appeared first on The Motley Fool Australia.

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More reading

• With almost no investments at 30, can ASX shares still make me rich?
• I think these two ASX ETFs are great buys as inflation cools
• 3 of the best ASX ETFs for investors to buy in January
• 2022 wasn’t kind to the Vanguard MSCI Index International Shares ETF (VGS). What now?
• How I’d invest $300 a month in ASX dividend shares to target a $30,000 annual second income

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 Vanguard Msci Index International Shares ETF. The Motley Fool Australia has recommended Betashares Capital – Asia Technology Tigers Etf, VanEck Morningstar Wide Moat ETF, and Vanguard Msci Index International Shares ETF. 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 Xero Limited (ASX: XRO) share price descended 39% in the last year, but could it bounce back in the future?

Xero shares fell 2.27% today to close at $72.62. For perspective, the S&P/ASX 200 Index (ASX: XJO) fell 0.03% today.

Let’s take a look at the outlook for the Xero share price.

What’s ahead in the future?

Xero is a global cloud technology company with a presence in Australia, the United States, New Zealand and the United Kingdom.

Analysts at Morgans tip Xero’s earnings per share to explode 185% from 10.6 cents per share in FY23 to 30.2 cents per share in FY24.

Investment adviser Jabin Hallihan, commenting on The Bull, said:

Selective exposure to technology stocks is likely to deliver value due to their ability to grow earnings faster than GDP, regardless of interest rate movements. 

We prefer high quality technology companies with net cash balance sheets and pricing power.

Xero reported a $9.2 million increase in free cash flow in the half year ended 30 September 2022. The company had $1.1 billion in total available liquid resources at this time.

Morgans is recommending shareholders buy Xero. The broker has placed a $77 price target on the company’s share price. This implies a 6% upside based on the current share price.

Meanwhile, Goldman Sachs is also recommending investors buy the Xero share price. Goldman sees Xero as a “compelling global growth story”. Analysts said:

We see Xero as very well placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM.

Following the recent underperformance (absolute/relative), we see an attractive entry point into a compelling global growth story and our preferred large-cap technology name in ANZ, and are buy rated.

Xero share price snapshot

The Xero share price has climbed more than 3% in the year to date but has fallen 1% in the last month.

For perspective, the benchmark ASX 200 index has slid 0.42% in the last year.

Xero has a market capitalisation of about $10.9 billion based on the current share price.

The post Xero earnings per share forecast to surge 180% in FY24: Morgans appeared first on The Motley Fool Australia.

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More reading

• Tech turnaround: Expert picks 2 ASX shares to buy for a 2023 revival
• Here are the top 10 ASX 200 shares today
• Waiting for ASX shares to bottom? Why you could miss out on a stock market rally
• 5 things to watch on the ASX 200 on Monday
• Analysts say these ASX growth shares can generate huge returns for investors

Motley Fool contributor Monica O’Shea 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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If you are looking to bolster your portfolio with some ASX 200 blue chip shares, you may want to look at the two listed below that Goldman Sachs rates highly.

Here’s why its analysts think they are in the buy zone now:

Cochlear Limited (ASX: COH)

The first ASX 200 blue chip share that Goldman has named as a buy is this leading hearing solutions companies.

Thanks to its portfolio of world class products in an industry with high barriers of entry, Cochlear has been growing at a strong rate for well over a decade. And with the industry now benefiting from favourable tailwinds such as ageing populations, it appears well-placed to continue this trend long into the future.

Goldman Sachs currently has a buy rating and $247.00 price target on its shares. The broker feels that Cochlear is well-placed to hit the top end of its guidance in FY 2023. It said:

In our view, the backdrop for this year appears relatively more favourable, and we see clear scope for COH to deliver at the upper-end of another solid guidance (+8-13% to $290-305m, with further accretion possible from the Oticon Medical transaction, which is yet to close).

REA Group Limited (ASX: REA)

Another ASX 200 blue chip share to Goldman rates highly is property listings company REA Group.

It is the company behind the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits. This is over three times greater than its nearest competitor.

It is thanks to this dominant market position, together with acquisitions and new revenue streams, that REA Group has been tipped to deliver the goods again in FY 2023 despite the housing market downturn.

Goldman Sachs has a buy rating and $158.00 price target on its shares. It said:

We remain confident that REA can continue deliver > 10% yield growth in FY23, despite the challenging backdrop, supported by ongoing increases in Premiere All attachment, Price rises, and Premiere Plus attachment (contributes GSe +4%/+3% yield driver in FY23/24).

The post Goldman Sachs says these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares with highly-scalable business models
• Here are the top 10 ASX 200 shares today
• How I’d invest my very first $500 in ASX shares in 2023
• Here are the top 10 ASX 200 shares today
• My top predictions for ASX 200 shares in 2023

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 Cochlear. The Motley Fool Australia has recommended Cochlear and REA 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 2023 hunt for income is already underway and the current landscape might position ASX dividend shares as the frontrunner this year.

Last week, Australians were informed that inflation had rebounded to a 7.3% year-on-year increase. Yet, returns on cash in the bank with the big four are sitting between 3.25% to 3.75%. In other words, cash is producing a negative real return.

Even if the Reserve Bank of Australia lifts rates again next month, cash won’t yield a positive real return until inflation is near the target range. That’s why I would much rather invest my money in fantastic businesses that are creating value for shareholders.

The total dividend yield of the S&P/ASX 200 Index (ASX: XJO) is expected to be 4.4% before franking credits this year, according to Don Hamson of Plato Investment Management. That means an investment in an indexed-based exchange-traded fund (ETF) alone could provide better returns than cash in 2023.

However, there are two ASX dividend shares that I believe could deal out even better dividend yields.

Cash cow to keep mooing

If I was looking to supercharge my passive income this year, it would be hard to pass on Queensland coal producer New Hope Corporation Limited (ASX: NHC). The company is currently trading a monstrous dividend yield of 13.4%.

The exceptionally high yield could be due to an unwillingness among investors to push the share price of this ASX 200 company higher in fear of falling coal prices. Since May last year, the commodity has floated sideways.

I personally find it hard to believe that the energy squeeze will be solved this year. Sanctions on Russian oil will remain in place while the Ukraine invasion persists; new sources of energy supply take time to reach production; and market interventions could amplify the issues.

Additionally, even if coal prices weaken throughout 2023, New Hope holds around $625 million in net cash that it could dip into to fund its payments.

Another ASX 200 dividend share I’d set my sights on

The other individual stock I’d be picking for beefing up my income stream is Smartgroup Corporation Ltd (ASX: SIQ). The provider of various employment packaging solutions has had a rough trot over the past year — shares are down 25%.

Many investors have parted ways with Smartgroup shares after a takeover failed to materialise in 2022 and the company lost one of its top 20 customers. In turn, the dividend yield has been inflated to a tall 12%.

Being realistic, I believe Smartgroup will reduce its dividends this year. My forecast is for dividends per share to decrease by 40% to 60% compared to last year. However, this could still beat the 4.4% yield of the ASX 200.

The attractive proposition in Smartgroup is the potential capital appreciation alongside a respectable income. At the current price-to-earnings (P/E) ratio of 11 times earnings, I’d estimate the potential for 25% growth in the Smartgroup share price to trade more in line with its peers.

The post ASX 200 to yield 4.4% in 2023. These 2 dividend shares pay more than twice that appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Attention income investors! These 7 ASX 200 dividend shares are projecting yields of 7%+ in FY24
• Burning hot: The outlook for ASX 200 energy shares in 2023
• Here are the top 10 ASX 200 shares today
• 6 ASX mining shares just upgraded by brokers

Motley Fool contributor Mitchell Lawler has positions in Smartgroup. 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 positions in and has recommended Smartgroup. 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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Given the market’s aversion for loss-making tech stocks, Brainchip Holdings Ltd (ASX: BRN) shares would likely be given a major boost if the semiconductor company became profitable.

But what are the chances of that happening in 2023?

Will Brainchip be profitable in 2023?

Unfortunately, it is difficult to say if Brainchip will be profitable this year. However, it seems highly unlikely that it will be profitable any time soon given that it has just diluted shareholders by raising funds through its agreement with alternative investment company LDA Capital.

Brainchip is issuing LDA Capital with 30 million shares (and possibly 10 million more if shareholders approve) at a yet to be determined price.

You would imagine that if it were confident that its sales would grow enough to reach profitability, it wouldn’t be seeking these funds.

No broker coverage

Unlike almost all ASX 200 shares, Brainchip doesn’t have any coverage by the major brokers.

This could mean that analysts don’t believe the company is investment grade.

As well as being a bit of a red flag, it also means investors can’t use broker data as a guide for if and when the company achieves profitability.

Big quarterly update coming

In light of the above, investors may want to look out for the company’s upcoming quarterly update.

For a couple of quarters, the company has been talking up its sales pipeline. For example, in its last quarterly update, which saw Brainchip report pitiful cash receipts of US$100k, its CEO Sean Hehir commented:

We are seeing the greatest amount of sales activity and engagement in the Company’s history […] We remain positive on future market penetration and broad adoption of Brainchip’s technology.

Its next update will likely demonstrate whether there is meaningful demand for its technology in a market dominated by tech behemoths and whether it deserves its whopping $1.2 billion market capitalisation.

And with short sellers targeting the company, shareholders will no doubt be hoping Brainchip delivers the goods.

Time will ultimately tell if Brainchip can become profitable and be more than just a meme stock.

The post Will BrainChip turn a profit in 2023? appeared first on The Motley Fool Australia.

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More reading

• Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling
• Why Brainchip, IAG, Premier Investments, and Telix shares are sinking today
• Here’s why the Brainchip share price is sinking 6% today
• Here are the top 10 ASX 200 shares today
• ASX 200 tech shares are leading the market higher today

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) fell on Tuesday, posting its third – albeit small – decline of 2023. The index ended the day 0.03% lower at 7,386.3 points.

It was a mixed session across the market, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) leading the way.

The sector gained 1.8%, led by shares in supermarket operators Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and Metcash Limited (ASX: MTS).

Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) weighed heaviest, falling 1.2% as the Origin Energy Ltd (ASX: ORG) share price dumped 2.1%.

The company announced the consortium looking to snap it up has requested more time to complete due diligence.

 Mining shares also suffered today, with the S&P/ASX 200 Materials Index (ASX: XMJ) falling 1.1%.

So, after considering all that, let’s take a look at the 10 shares taking out the top spots on the ASX 200 on Tuesday.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was battery materials and technology provider Novonix Ltd (ASX: NVX). The stock leapt 5.5% to close at $1.92 despite the company’s silence.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Novonix Ltd (AS: NVX)	$1.92	5.49%
Metcash Limited (ASX: MTS)	$4.13	2.74%
Johns Lyng Group Ltd (ASX: JLG)	$6.07	2.71%
Orora Ltd (ASX: ORA)	$3.04	2.7%
Woolworths Group Ltd (ASX:WOW)	$34.76	2.45%
Endeavour Group Ltd (ASX:EDV)	$6.49	2.04%
Coles Group Ltd (ASX: COL)	$17.15	2.02%
Charter Hall Group (ASX: CHC)	$13.45	1.97%
Goodman Group (ASX: GMG)	$19.42	1.94%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$22.77	1.83%

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

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• 5 things to watch on the ASX 200 on Tuesday

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 Johns Lyng Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Johns Lyng Group and Metcash. 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 recent run for the S&P/ASX 200 Index (ASX: XJO) and ASX shares seems to have come to an end, at least so far this Tuesday. 

At the time of writing, the ASX 200 has slipped by a small but still significant 0.1% to just over 7,380 points. That was despite a brief foray into positive territory around midday. 

But rather than dwelling on that, let’s instead check out the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a common appearance on this list, the ASX 200 lithium heavyweight Pilbara Minerals. So far this Tuesday, a chunky 17.5 million Pilbara shares have been exchanged on the share market. There’s been no official news out of Pilbara Minerals today.

So it’s possible that this volume is down to the movements of Pilbara shares themselves. At present, this leading lithium producer has just scraped back into the green, up 0.25%, and is sitting at $4.05 a share.

However, Pilbara shares have been very bouncy today, and have traded between $3.95 and $4.08 each. Also assisting volumes could be the speculation that Pilbara could announce its maiden dividend in 2023.

Tabcorp Holdings Ltd (ASX: TAH)

Next up, we have the ASX 200 gaming company Tabcorp. Thus far, 19.62 million Tabcorp shares have been wagered on the share market.

Tabcorp hasn’t made any announcements whatsoever in 2023 yet. So we can rule out that. So again, let’s turn to the company’s share price performance today. Tabcorp opened strongly this morning, rising as high as $1.20 a share.

But investors have gotten cold feet over the gaming company, with Tabcorp shares now down 1.35% at $1.095 each. This bouncy performance, together with Tabcorp’s relatively low share price compared to its market capitalisation is probably the cause of this elevated volume.

Core Lithium Ltd (ASX: CXO)

Last up this Tuesday is another ASX 200 lithium share in Core Lithium. This Tuesday’s session has seen a decent 20.27 million Core shares bought and sold as it currently stands. There hasn’t been much out of Core either.

So again, we probably have the company’s share price movements to thank for this volume. Core Lithium has fared far worse than Pilbara today, with the company shedding a nasty 4.69% so far to $1.015 a share. That’s without the midday pop into positive territory that Pilbara enjoyed too.

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

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More reading

• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• 3 catalysts for Core Lithium shares to rip higher in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• Can Pilbara Minerals shares really deliver an 8% dividend yield 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 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 Lake Resources N.L. (ASX: LKE) share price has climbed nearly 3% year to date, but can it keep going higher?

Lake shares are rising 1.54% today and are currently fetching 82.3 cents. For perspective, the S&P/ASX 200 (ASX: XJO) has climbed 0.13% today.

Let’s take a look at the outlook for Lake Resources in 2023.

Lithium exploration and extraction progress

Lake Resources is a lithium developer working to extract high purity lithium from the Kachi Project in Argentina. Lake Resources is also developing three other lithium brine projects in Argentina.

Any progress on lithium extraction at the company’s projects could provide a boost for Lake Resources shares in 2023.

Lake shares leapt higher on 10 January on news of important milestone achievements at the Kachi project. Lake’s direct lithium extraction technology partner Lilic has managed to operate the lithium processing demonstration plant for 1,000 hours, producing 40,000 litres of lithium chloride. This will be shipped to Saltworks for conversion to lithium carbonate.

In other recent news, the mineral resource estimate at the Kachi project has now doubled to 2.2 million tonnes of measured and indicated lithium carbonate equivalent. The inferred resource has now lifted to 3.1 million tonnes.

Lake has now expanded its operating team to oversee the next stage of development of the Kachi project. The company is planning to complete a definitive feasibility study on the processing plant by mid-2023.

Lake has a business plan to produce 50,000 tonnes per year of lithium carbonate. The company plans to complete a “rigorous evaluation” of project timelines and estimated capital costs and report in the second quarter of 2023.

News on a final investment decision on this project or any further positive news at the demonstration plant could provide Lake Resources with a boost this year. Sales of lithium appear to be still a while away.

Broker coverage

Any positive broker sentiment could provide Lake Resources shares with a boost in 2023. Analysts at Bell Potter have a positive outlook on the Lake Resources share price. Bell Potter has a speculative buy rating on Lake Resources with a $2.52 price target. This implies a mammoth upside of 206%.

On the flip side, Lake Resources has been attracting short interest again lately. Short seller J Capital is continuing to target Lake Resources due to technology and funding concerns, as my Foolish colleague James reported recently.

Lithium prices

Lithium prices and demand sentiment for electric vehicles (EVs) could impact Lake Resources shares in 2023. The lithium price and EV demand tend to weigh on multiple ASX lithium shares each week, including Lake Resources.

The Office of the Chief Economist is tipping spodumene prices to rise from US$2,700 a tonne on average in 2022 to US$4010 in 2023.

However, Goldman Sachs has a more bearish outlook on lithium prices. Goldman is tipping lithium hydroxide to fall from US$76,650 a tonne to US$58,650 a tonne in 2023.

Looking at electric vehicle demand, EY Global has recently predicted EV sales in the US, China and Europe to “outstrip” all other engine sales by 2030.

Meanwhile, a survey conducted by money.com.au has recently found 42% of Australians will buy an EV as their next car purchase.

Lake Resources share price snapshot

The Lake Resources share price has slid nearly 13% in the last year.

Lake Resources has a  market capitalisation of about $1.1 billion based on the current share price.

The post 3 catalysts for Lake Resources shares to take off in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Why is the Lake Resources share price racing higher on Wednesday?
• Why Lake Resources, Platinum, Polynovo, and Volpara shares are charging higher
• Lake Resources share price jumps 8% on ‘key milestones’ achievement

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The All Ordinaries Index (ASX: XAO) is wobbling in and out of the green on Tuesday, but its volatility hasn’t proven enough to stop five shares that call the index home from posting brand new 52-week highs.

Indeed, some gained as much as 9% to surpass the milestone measurement earlier today.

Right now, the All Ords is down 0.13%, trading at 7,378.6 points.

So, what’s going right for these All Ords shares on Tuesday? Let’s take a look.

5 ASX All Ords shares surpassing 52-week highs today

The A2 Milk Company Ltd (ASX: A2M) share price soared 2.9% to trade at $7.14 at its Tuesday peak – marking a new 18-month high.

Interestingly, there’s been no price-sensitive news from the milk and infant formula producer since November.

However, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is also outperforming today, gaining 1.52% at the time of writing.

It’s also a good day to be invested in All Ords tech share Data#3 Limited (ASX: DTL). The stock soared 9% earlier today to trade at an all-time high of $7.32.

Its surge came on the back of news the IT services and solutions provider expects its first-half pre-tax profits to come in at the high end of its prior guidance.

Data#3 previously flagged between $21 million and $25 million of profits for the period.

Joining its tech peer in posting a new 52-week high today is fellow All Ords share Weebit Nano Ltd (ASX: WBT). The stock rose 3.6% earlier today to reach $4.65 – its highest point in nearly 10 years.

It’s now gained a whopping 30% since it announced the tape-out of its 22-nanometre memory chip technology.

The EBOS Group Ltd (ASX: EBO) share price is also at a 10-year high today. In fact, the stock hit its highest point since its 2013 initial public offering (IPO) earlier today when it soared 8.6% to trade at $45.77.

Interestingly, there’s been no news from the New Zealand-based healthcare, medical, and pharmaceutical distributor since August.

Finally, fellow All Ords healthcare share Aroa Biosurgery Ltd (ASX: ARX) hit a new 52-week high of $1.19 earlier today. That marked a 3.5% gain today.

It’s the seventh time the stock has surpassed the milestone in 2023 so far.

The post 5 ASX All Ords shares cracking new 52-week highs on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why Arafura, Data#3, Leo Lithium, and Zip shares are charging higher today
• 2 ASX All Ords shares cracking new 52-week highs on Tuesday
• My 3 best ASX shares of 2022 – and why I think they’ll win again in 2023
• The A2 Milk share price rocketed 20% in 2022. Is it too late to buy for 2023?
• 5 profitable ASX shares you probably have never heard of

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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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