Tag: Motley Fool

The S&P/ASX 200 Materials Index (ASX: XMJ) fell 1.17% today, but three ASX mining shares charged higher.

The Winsome Resources Ltd (ASX: WR1), Victory Goldfields Ltd (ASX: 1VG), and Burley Minerals Ltd (ASX: BUR) share prices all lifted today.

So why did these ASX mining shares have such a good day? Let’s take a look.

Burley Minerals

Burley Minerals shares soared 67% in early trade today to 40 cents before retreating. The company’s share price closed 33% ahead at 32 cents.

Burley shares exploded on lithium acquisition news. The ASX mining share has entered an exclusive agreement to acquire the Chubb Lithium project in Quebec, Canada and the Mt James and Dragon Projects in Western Australia.

Burley managing director Wayne Richards said:

The strategic and geographic location of all three potential projects are located in world class mining provinces and in Tier 1 jurisdictions of Australia and Canada.

Victory Goldfields

The Victory Goldfields share price soared 28% today, ending the day at 28 cents.

Investors bought up Victory shares on rare earth news. Positive magnetic and gravity survey data provide grounds for a diamond drilling program at the company’s alkaline intrusion prospect.

Alkaline intrusions are seen as “engine rooms for rare earth elements and critical metals”, the company highlighted.

Angled drill holes are planned to “assess the extent of country rock alteration adjacent to the intrusion”. Victory has appointed Orlando Drilling to perform the diamond drilling program.

Winsome Resources

Winsome Resources shares rocketed 33% to $1.17 apiece.

The ASX mining share did not release any news to the market today. However, Winsome shares have soared 234% in a month. They have surged 216% since market close on 27 October alone.

On 28 October, the company’s share price skyrocketed after it found significant pegmatite intercepts at the Adina and Cancet lithium projects in Canada.

On Tuesday this week, Winsome advised it would raise $6.8 million to advance the Cancet and Adina lithium projects.

The post 3 ASX mining shares that soared more than 20% today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why has ASX lithium share Winsome Resources rocketed 220% in a month?
• Guess which ASX lithium share exploded 67% today
• 3 ASX mining shares that surged over 20% Tuesday
• Guess which ASX gold share just exploded 70% on a new rare earths find
• Up 140% in a month, why has ASX lithium share Winsome Resources just been halted?

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 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.

from The Motley Fool Australia https://ift.tt/R8q2Hk6

The Betashares Nasdaq 100 ETF (ASX: NDQ) is a leading exchange-traded fund (ETF) that gives investors access to some of the biggest technology shares in the world.

There are a few sizeable tech businesses on the ASX, such as Xero Limited (ASX: XRO) and WiseTech Global Ltd (ASX: WTC).

But, they are small in comparison to names like Apple, Microsoft, Amazon.com and Alphabet (Google). I think US blue-chip shares are some of the most compelling blue chips around.

That’s why I believe the Betashares Nasdaq 100 ETF is one of the most compelling ETF ideas at the moment.

Strong businesses

When I think about which are the strongest companies in the world, I’d point out ones like Apple, Microsoft, Amazon.com, Alphabet, Nvidia, Costco, Cisco Systems and so on. They are US giants.

I can’t imagine how much money it would take to dislodge Apple and Alphabet from their spot on top of the smartphone industry. Alphabet’s YouTube and Google Search seem to have incredibly strong positions. Amazon’s cloud computing and e-commerce offerings are globally leading as well.

In terms of the shares that the Betashares Nasdaq 100 ETF is invested in, it’s full of market leaders. Names such as Intuit, Starbucks, Adobe, Tesla, PayPal and Booking are even more examples of positions in powerful companies.

As a group, I think it can continue to do very well on the earnings side of things, over time.

Despite this year’s difficulties, the ETF has managed average total returns of 17.4% per annum in the five years to 31 October 2022.

Big sell-off

I become very interested in an opportunity when a good business, or good ETF, is sold off heavily. Sometimes, they can fall too much.

I’m not sure where the US and Australian central bank interest rates are going to end up. I’m also not sure about how currency movements are going to go either. Inflation and interest rates have taken their toll.

But, I do know that the Betashares Nasdaq 100 ETF now looks much better value after falling around 25% in 2022 to date.

Being able to buy exposure to a very attractive group of companies looks good to me, particularly if a quarter of the price has been wiped off.

I believe that, as a group, many of these businesses can deliver earnings growth over the long term. Wherever interest rates get to in the US, I don’t think they will stay that high forever. The normalisation of interest rates could be a boost for the ETF, in the future.

Reasonable management fee

The Betashares Nasdaq 100 ETF has an annual management fee of around 0.48%. This isn’t the cheapest around — Vanguard US Total Market Shares Index ETF (ASX: VTS) has a fee of just 0.03% — but I think it’s a reasonable fee to pay considering the quality of the underlying holdings.

Betashares Nasdaq 100 ETF looks like an attractive option at today’s level. For me, the future net returns are the most important, not just the level of the management fee.

I don’t know what the future returns will be, but it seems like it’s set up to achieve success at this lower level.

The post Why the Betashares Nasdaq 100 ETF (NDQ) is on my buy radar right now appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 2 top ETFs for beginner investors to buy
• Thinking about buying your first ASX shares right now? Here are 3 stocks I’d invest in
• 3 ETFs for ASX investors to buy right now
• 2 of the best ETFs for ASX investors to buy next week
• Why is the BetaShares Nasdaq 100 ETF taking a thrashing today?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adobe Inc., Alphabet (A shares), Alphabet (C shares), Amazon, Apple, BETANASDAQ ETF UNITS, Booking Holdings, Cisco Systems, Costco Wholesale, Intuit, Microsoft, Nvidia, PayPal Holdings, Starbucks, Tesla, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2024 $420 calls on Adobe Inc., long March 2023 $120 calls on Apple, short January 2023 $92.50 puts on Starbucks, short January 2024 $430 calls on Adobe Inc., and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BETANASDAQ ETF UNITS, WiseTech Global, and Xero. The Motley Fool Australia has recommended Adobe Inc., Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Booking Holdings, Nvidia, PayPal Holdings, and Starbucks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/qvNGlt5

If you’re just starting out with investing and aren’t sure which shares to buy, then you could consider exchange traded funds (ETFs).

ETFs could be a good option as they provide investors with an easy way to invest their money in a large number of shares through a single investment.

This means that you can create a diverse portfolio with relative ease and, importantly, you’re not putting all your eggs in one basket.

But which ETFs would be top options for beginners? Two that could be worth considering are listed below:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ETF that could be a top option for beginners is the BetaShares NASDAQ 100 ETF. This ETF provides investors with access to 100 of the largest non-financial companies listed on the famous exchange.

This means you’ll be buying many of the highest quality and best-known companies in the world such as Google parent Alphabet, Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, and Tesla.

BetaShares believes it could be a good option for investors seeking exposure to the technology sector. Particularly given that this high-growth potential sector is under-represented on the Australian share market.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another option for beginner investors to consider is the VanEck Vectors Morningstar Wide Moat ETF. If you’re a fan of Warren Buffett and his investment style, then this ETF could be for you.

This Warren Buffett-inspired ETF gives investors access to a group of fairly valued companies that have sustainable competitive advantages or moats.

Fair prices and moats are two qualities that Buffett looks for when finding his investments and these companies tick those boxes.

The fund is currently invested across ~50 shares including the likes of Adobe, Alphabet, Boeing,  Kellogg Co, and Walt Disney.

The post 2 top ETFs for beginner investors to buy appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Thinking about buying your first ASX shares right now? Here are 3 stocks I’d invest in
• 3 quality ETFs for ASX investors to buy this month
• 3 ETFs for ASX investors to buy right now
• 2 of the best ETFs for ASX investors to buy next week
• Why is the BetaShares Nasdaq 100 ETF taking a thrashing today?

Motley Fool contributor James Mickleboro has positions in BETANASDAQ ETF UNITS. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/0EIc29C

The IGO Ltd (ASX: IGO) share price closed 0.69% lower today at $15.86. That’s exactly when the IGO annual general meeting took place in Perth, commencing at 3pm AEDT.

Chair Michael Nossal told investors at the meeting that the nickel and lithium explorer, producer and refiner has “a pipeline of growth opportunities which will deliver value for shareholders for many years to come”.

The IGO share price was down for most of the day. Along with the S&P/ASX 200 Materials Index (ASX: XMJ), which finished down 1.17%.

Though it looked like making a comeback in the final hour of trade, IGO shares couldn’t sustain the rally and closed Thursday in the red.

Let’s take a look at the AGM presentation and see what else Nossal had to say.

IGO share price up 33% in 2022

Alongside most ASX lithium shares, the IGO share price has screamed higher in 2022. That’s largely as a result of rising global demand for lithium to power electric vehicles (EVs).

The miner hit a new 52-week high last Friday at $17.32.

Based on today’s closing share price, IGO is up 33% in the year to date.

This compares to a 39% bump for Pilbara Minerals Ltd (ASX: PLS) shares, a 29% lift for Allkem Ltd (ASX: AKE) shares, and a 125% skyrocket for Core Lithium Ltd (ASX: CXO) shares.

Nossal began his speech this afternoon by paying tribute to the late Peter Bradford, IGO’s CEO and managing director from 2014 until his untimely death last month at age 64.

He said a “significant part of Peter’s legacy is the transformative role he has played in pivoting the IGO business toward future-facing, clean energy metals”.

Nossal expanded:

This transformation has resulted in IGO growing to the ASX100 clean energy metals company we are today, with a world class, integrated lithium business, an expanded nickel business, enviable exploration portfolio and a pipeline of growth opportunities which will deliver value for shareholders for many years to come.

IGO in its best financial position ever

Nossal said the company was doing well financially, noting:

Financially, IGO has never been in a better position. In FY22, IGO generated record earnings and net
profit after tax, strong free cash flow and maintained our commitment to return capital to shareholders by way of dividends. With commodity prices remaining buoyant and a solid production profile ahead, we expect another strong year in FY23.

Nossal said many key project areas “are moving into the exciting phase of drill testing targets”. He added:

We remain convinced of the importance of exploration if we are to deliver the mines of tomorrow and help feed demand for clean energy metals including lithium, nickel, copper, cobalt and rare earths.

What’s next for lithium and nickel?

Acting CEO Matt Dusci gave a presentation that outlined the global supply and demand outlook for lithium and nickel.

IGO reckons “sustained deficits [are] expected to support strong pricing” of lithium, according to the presentation.

IGO notes that lithium demand remains “positive”, despite the global economic slowdown, due to the rise of EV manufacturing worldwide.

The company also said a supply shortage persisted due to “lack of exploration, development timeframes and ESG and permitting hurdles”.

The presentation included research from Macquarie showing the supply/demand imbalance would improve in CY23 before getting significantly worse in CY24 and CY25.

On the flip side, research from Wood McKenzie showed nickel supply was currently higher than demand. However, IGO noted that the research showed new supply would be needed from 2026.

IGO’s priorities for FY23 are to “continue to ensure delivery of growth opportunities within our lithium business” and “maximise our nickel business through group synergies, offtake and operational excellence”.

What else is happening with ASX lithium shares lately?

Lithium shares had a great start to the week on the back of news that China is relaxing its COVID-19 restrictions. This implies an impending boost to economic activity in China, which is the world’s largest importer of lithium.

There was also news that Australia is exploring a lithium mining and processing partnership with Indonesia. According to reporting by The Australian, the deal could make Australia/Indonesia the dominant global supplier of EV batteries.

The post IGO shares dip as investors hear of ‘a pipeline of growth opportunities’ at AGM appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Core Lithium, Creso Pharma, Nickel Industries, and Perpetual shares are dropping
• ASX lithium shareholders rejoice! Expert tips lithium price to hit $100K
• Allkem share price up on broker upgrade: Analyst says it’s too soon ‘to underweight the sector’
• Why is the Pilbara Minerals share price pushing higher today?

Motley Fool contributor Bronwyn Allen has positions in Allkem Limited, Core Exploration Ltd., and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/CmTWOQJ

The S&P/ASX 200 Index (ASX: XJO) broke a four-day losing streak with a slight gain on Thursday. The index closed 0.19% higher at 7,135.7 points.

That was despite a poor performance from both the S&P/ASX 200 Materials Index (ASX: XMJ) and the S&P/ASX 200 Energy Index (ASX: XEJ). The former posted a 1.2% fall while the latter slipped 2% amid lower oil prices.

The Brent crude oil price fell 1.1% to US$92.86 a barrel overnight while the US Nymex crude oil price slipped 1.5% to US$85.59 a barrel.

Fortunately, the sectors’ falls were offset by gains elsewhere.

The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) led the way, gaining 1.9%. The S&P/ASX 200 Information Technology Index (ASX: XIJ) also posted a solid rise, lifting 1.2%.

All in all, nine of the ASX 200’s 11 sectors ended in the green today. But which stock outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The top-performing stock on the iconic index today was Pendal Group Ltd (ASX: PDL). It soared 10.5% on news of its planned takeover by Perpetual Limited (ASX: PPT).

A court ruled that Perpetual could be liable for more than the $23 million ‘break fee’ if it were to walk away from the transaction.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Pendal Group Ltd (ASX: PDL)	$4.93	10.54%
Webjet Limited (ASX: WEB)	$6.19	10.14%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$18.41	3.89%
De Grey Mining Limited (ASX: DEG)	$1.23	3.8%
AUB Group Ltd (ASX: AUB)	$22.82	3.4%
St Barbara Ltd (ASX: SBM)	$0.61	3.39%
Lovisa Holdings Ltd (ASX: LOV)	$25.68	3.22%
Nanosonics Ltd (ASX: NAN)	$4.52	2.96%
Bega Cheese Ltd (ASX: BGA)	$3.40	2.72%
Blackmores Ltd (ASX: BKL)	$69.80	2.66%

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.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Altium, Pendal, Terracom, and Webjet shares are pushing higher
• Why ASX 200 ‘investors should brace for impact’: Morgan Stanley
• Why did the Perpetual share price just plummet 14%?
• Worried about a stock market crash? I’d buy these 5 rock-solid ASX shares to ride it out

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 Lovisa Holdings Ltd and Nanosonics Limited. The Motley Fool Australia has positions in and has recommended Nanosonics Limited. The Motley Fool Australia has recommended Austbrokers Holdings Limited, Blackmores Limited, Lovisa Holdings Ltd, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/RE69unb

Oh how the mighty have fallen. That might be the sentiment that comes to mind when checking out the Novonix Ltd (ASX: NVX) share price of late.

Novonix shares used to be something of a market darling. This ASX battery company was all the rage last year and going into 2022. 2021 saw the Novonix share price gain a whopping 659.5%, rising from $1.21 a share all the way up to $9.19.

It also hit an even higher record of $12.47 in November 2021. But alas, it was not to last. Today, the Novonix share price has closed at $2.50 a share.

That represents a year-to-date loss of 76.2% and a 12-month loss of 74.6%. Since Novonix’s all-time high of $12.47, the shares have now gone backwards by 80%. Ouch.

It could be worse though. It was only last month that Novonix shares hit a new 52-week low of $1.66. The shares are actually up a very pleasing 50.6% since Novonix hit that low only a few weeks ago.

So are ASX investors losing faith in Novonix shares?

Well, they have certainly got more faith in the company today than they did last month. But there’s no doubt that Novonix is still a bit on the nose with investors if its price action over the past year is anything to go by.

There’s little doubt that rising interest rates have hurt the Novonix share price in 2022. Unprofitable companies are usually hit hardest by rising rates, and Novonix, unfortunately, falls into this category. With interest rates rising almost monthly over 2022 thus far, Novonix has certainly felt the pain there.

Matters were not helped last month with the release of Novonix’s first-quarter update for FY2023. This revealed that the company had burned through $25.3 million over the three months to 30 September 2022.

But last month, new Novonix chair Robert Natter also said this:

As a Board and management team, we cannot control the share price. What we can control are the decisions we take to ensure we have a sound strategy and that management is executing that strategy to deliver on our long term goals.

If we continue to deliver against our key operating milestones, the share price will respond appropriately.

No doubt investors are hoping the company can live up to its end of this deal.

The post Are investors losing faith in Novonix shares? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why is the Novonix share price surging 10% on Friday?
• What’s boosting the Novonix share price on Wednesday?
• Why are Novonix shares listed on the Nasdaq as well as the ASX?
• Why did the Novonix share price jump 50% in October?
• Why is the Novonix share price gaining today?

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.

from The Motley Fool Australia https://ift.tt/e0HRPK9

The ASX 50 index is home to many of the highest quality companies that the Australian share market has to offer.

And while not all shares in the index are necessarily in the buy zone right now, two that could be are listed below.

Here’s why analysts rate these ASX 50 shares as buys:

CSL Limited (ASX: CSL)

The first ASX 50 share to consider is CSL. It is one of the world’s leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses.

As well as having a portfolio filled to the brim with high quality therapies, CSL invests 10%-11% of its sales back into research and development activities each year. This ensures that the company has a large number of potentially lucrative therapies under development, supporting its future growth.

Citi is positive on CSL and currently has a buy rating and $340.00 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 50 share that is rated highly is telco giant Telstra.

For some time, this telco giant was going backwards with its earnings. However, thanks to the success of its T22 strategy, Telstra returned to underlying growth at long last in FY 2022. And with its new strategy aiming to deliver strong and sustainable earnings growth over the coming years, Telstra’s outlook is arguably the best it has been in over a decade.

Morgans is positive on the company and believes that its shares are undervalued at the current level. Especially given its restructure, which aims to unlock value from its assets.

Morgans currently has an add rating and $4.60 price target on Telstra’s shares.

The post Experts name 2 ASX 50 shares to buy appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?
• How to have your ASX 200 dividend cake and eat it too
• Here’s how much dividend income $20,000 worth of Telstra shares will get you today
• 3 passive ASX income machines to help fund your retirement
• Looking to buy CSL shares? Why this fundie is tipping ‘double-digit earnings growth’

Motley Fool contributor James Mickleboro has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/tjIkx1r

A fund manager has outlined why he has been buying up ASX airline Qantas Airways Limited (ASX: QAN) shares.

Qantas shares are lifting 1.72% today. For perspective, the S&P/ASX 200 Index (ASX: XJO) is 0.1% in the green today.

So what does this fundie have to say about Qantas?

COVID recovery

Qantas shares may benefit from the COVID-19 travel recovery, according to this portfolio manager.

Stuart Welch, portfolio manager at Alphinity Investment Management revealed this week his team has bought up Qantas shares.

Explaining this, Welch said:

Despite a more difficult outlook for the consumer, I do think there is a COVID recovery story at play here, which after a few fits and spurts is actually underway.

October travel data, released by the ABS on Tuesday, shows overseas arrivals to Australia surged 13% on the previous month to more than 1.2 million. Overseas departures descended 1.9% to 1.02 million. The ABS noted this data is provisional.

Speaking on the travel recovery, Welch said:

It was led by visiting friends and family, but it has expanded into leisure, business travel and even more recently into the international side.

Back in September 2021, only 18,850 people arrived in Australia while 30,330 left the country. Australia opened its international borders in February this year.

Qantas shares have had a turbulent week amid proposed Federal Government industrial relations reforms.

Qantas is arguing potential changes would “destroy demand” for flying due to higher costs. The airline said:

For the Qantas Group, it will almost certainly mean less flying because costs will rise and demand will be destroyed – particularly on marginal routes. This will result in less investment and fewer jobs in aviation, with a flow on effect for communities and tourism.

Qantas share price snapshot

Qantas shares have surged nearly 18% in the year to date, while they have climbed 5% in a year.

For perspective, the ASX 200 has fallen 3% in the past year.

Qantas has a market capitalisation of about $11.1 billion based on the current share price.

The post Why this fundie has been buying up Qantas shares appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Buy these ASX 200 shares now before the market wakes up: fund manager
• Why did the Qantas share price face headwinds today?
• Why did the Qantas share price have such a lousy start to the week?
• Are ASX share investors getting their mojo back?
• How does a weak Aussie dollar impact Qantas shares?

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 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.

from The Motley Fool Australia https://ift.tt/zxT6Yg2

It’s been a big week of earnings and plenty of S&P/ASX 200 Index (ASX: XJO) shares have made the most of the action, with some declaring whopping dividends. One stock even upped its full-year dividends by an enormous 200%.

So, how much can shareholders look forward to receiving and how can market watchers get in on the action?

Here’s all you need to know about the ASX 200 dividend shares revealing monster payouts this week.

3 ASX 200 shares upping their dividends this week

There have been earnings from plenty of ASX 200 shares this week, but these three stunned the market with soaring dividends.

First out the gates is agriculture company GrainCorp Ltd (ASX: GNC).

It doubled its earnings before interest, tax, depreciation, and amortisation (EBITDA) year-on-year, coming in at $703 million. On top of that, the company’s after-tax profit jumped 174% to $380 million. It likely comes as no surprise then, that the ASX 200 share also upped its dividend significantly.

Astoundingly, its full-year dividends tripled, coming in at 54 cents per share – up from 18 cents per share in financial year 2021.

GrainCorp doesn’t trade ex-dividend until 29 November. That means interested market watchers still have time to jump on board and receive the offering.

Next up is Aristocrat Leisure Limited (ASX: ALL).

The ASX 200 staple posted a 20% jump in normalised EBITDA, coming in at $1.85 billion, and a 31% increase in normalised after-tax profits, lifting to $1 billion in financial year 2022.

The company also posted a notably larger full-year dividend, coming in at 52 cents per share. That marks a 27% jump on financial year 2021’s 41 cents per share.

Aristocrat Leisure trades ex-dividend on 30 November.

Finally, ASX 200 crop protection and seed technology company Nufarm Ltd (ASX: NUF) more than doubled its full-year dividends this week.

Its underlying EBITDA soared 24% last financial year to $447 million while its profit jumped 65% to $107.4 million.

Meanwhile, the ASX 200 company offered investors 10 cents per share of dividends for the period – up 150% from financial year 2021’s 4 cents per share.

The stock will be the first of the three to trade ex-dividend. New investors will miss out on the payout from 24 November.

The post 3 ASX 200 shares that announced supersized dividends this week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Dig this! Look how many of the top-performing ASX 200 shares today are miners
• Why Aristocrat, CBA, Core Lithium, and GrainCorp shares are dropping today
• Why Arafura, Nufarm, Pilbara Minerals, and Whitehaven Coal are charging higher
• This ASX 200 company just supersized its dividend by 200% So, why is its share price falling?

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

from The Motley Fool Australia https://ift.tt/vz5bkiV

It’s been a positive, if bumpy, day for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday.

After three straight sessions of losses, it looks as though the ASX 200 might just eke out a gain this session. At the time of writing, the index has gained 0.1% to 7,129 points.

But let’s now delve a little deeper into these market moves by checking out the shares currently at the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

Our inaugural share today is none other than the ASX 200 lithium producer Pilbara Minerals. A decent 16.3 million Pilbara shares have swapped hands as it currently stands. Unlike many mining shares, Pilbara is currently enjoying some gains today, with the shares up an uninspiring 0.2% at $4.93.

This comes after the company announced its latest lithium auction results last night after market close. Pilbara was able to net even more for its product in this auction than what it received for the previous month. No wonder investors are impressed. This is the most likely explanation for the elevated volumes we are witnessing.

South32 Ltd (ASX: S32)

Our next ASX 200 share worth taking a look at today is the mining giant South32. So far this Thursday, a chunky 17.18 million South32 shares have been swapped on the ASX boards.

There’s been no fresh news or announcements out of South32 itself today. But that hasn’t stopped the company losing a depressing 5%, putting its shares at $4.01 at present.

As my Fool colleague Brooke dug into this morning, this could be due to rumours the government is considering bringing in a new mining tax. We can probably thank this steep drop in share price for the high volumes we are seeing out of South32.

Core Lithium Ltd (ASX: CXO)

Finally this Thursday, we have the ASX 200 lithium share Core Lithium. This session has had a weighty 25.44 million Core Lithium shares exchanged so far. This looks to be a consequence of the nasty sell-off Core Lithium continues to wade through.

Today, the lithium producer has had another 4% wiped off its value, leaving it at $1.42 a share. Core Lithium has now fallen by a nasty 24% since just Monday. This could be in response to some tough love from an ASX broker.

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

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why ASX 200 ‘investors should brace for impact’: Morgan Stanley
• Why Core Lithium, Creso Pharma, Nickel Industries, and Perpetual shares are dropping
• ASX lithium shareholders rejoice! Expert tips lithium price to hit $100K
• Why did these ASX 200 shares just crack new, multi-year highs?
• Why is the Pilbara Minerals share price pushing higher today?

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.

from The Motley Fool Australia https://ift.tt/SuHV6tp