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The S&P/ASX 200 Index (ASX: XJO) is again putting on some welcome gains as it currently stands this Tuesday. Yesterday saw the ASX 200 kick off the week on the right foot, and today, the ASX 200 has again delivered, currently enjoying a rise of 0.4% to just over 6,960 points.  

But let’s now delve a little deeper into these gains and take stock of the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Lake Resources N.L. (ASX: LKE)

Our first ASX 200 share of the day is the lithium stock Lake Resources. So far this Tuesday, a hefty 17.8 million Lake shares have swum across the ASX to a new owner. This volume could be a result of the short-seller attack Lake Resources is enduring today.

As we covered here earlier, J Capital has put out some allegations that question some of Lake’s claims over its Kachi Project. Investors have reacted warily by selling down Lake Resources shares by 2.18% to $1.12 each so far this Tuesday. This is probably the cause of the high volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 lithium share is next up with Pilbara Minerals. This Tuesday has seen a notable 25.41 million Pilbara shares swapping hands as it currently stands. There’s been no fresh news out of Pilbara either. But the lithium producer has had more fortune today than its peer Lake Resources.

The Pilbara share price is up a pleasing 5.2% at $5.47 a share, closing in on its 52-week and record high of $5.66. This strong rise is almost certainly behind the volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Finally today we have yet another ASX 200 lithium stock in Core Lithium. This Tuesday’s session has seen a notable 28.43 million Core shares find a new home thus far. Like Pilbara, Core Lithium has seen some welcome share price appreciation.

The company’s shares are currently enjoying a 4.5% gain to $1.52 each, despite dipping into the red this morning. With no other news or announcements out from the company, we can assume that this is the catalyst for the elevated trading volumes on display.

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

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More reading

• Lake Resources share price dips amid latest short-seller attack
• Why is the Core Lithium share price spiking 3% today?
• Guess which ASX 200 director sold $6.5m worth of their company shares last week
• Why I think Warren Buffett is right to always think a market crash is coming
• 5 things to watch on the ASX 200 on Tuesday

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 Santos Ltd (ASX: STO) share price is plummeting this afternoon after the company flagged lower 2023 production and announced a major restructure.

The ASX oil share expects to produce between 91 million and 98 million barrels of oil equivalent in 2023, down from its 2022 guidance of 103 million to 106 million barrels.

It also unveiled a planned restructure that will see the business split into two divisions: Upstream Gas and Liquids and Santos Energy Solutions.

The Santos share price is down 5% right now, trading at $7.59.

Let’s take a closer look at the news released at the company’s investor briefing day.

Santos share price slumps on guidance and split plans

It’s a big news day for Santos, and its share price isn’t responding well. The oil and gas giant’s stock has tumbled after the company looked to the future at this afternoon’s investor briefing.

It flagged its production will likely drop in 2023 amid the end-of field-life at Bayu-Undan and lower Western Australia domestic gas production, as well as the timing of the planned sale of a 5% stake in PNG LNG.

Its sustaining capital expenditure is also expected to jump from US$1.1 billion in 2022 to around US$1.2 billion in 2023, while its major projects capital expenditure is expected to rise from US$1.2 billion to approximately US$1.835 billion.

Santos’ divisional split

The Santos share price is also falling amid the unveiling of the company’s plan to split its business in two.

Following the move, its LNG projects and domestic gas business will be run under the Upstream Gas and Liquids umbrella. The Santos Energy Solutions businesses, meanwhile, will focus on low-carbon processing of gas and liquids, decarbonisation, and clean fuel production.

Santos CEO Kevin Gallagher said the division will provide a low-carbon intensity base business capable of providing shareholder returns and fund the energy transition, continuing:

Given the strong customer demand for our product now and into the future, we will seek to backfill and sustain our core assets to deliver the critical fuels the world needs into the 2040s.

But we will also decarbonise these critical fuels, in-line with our target of net-zero emissions (scope 1 and 2, equity share) by 2040, and produce clean fuels as customer demand evolves.

Upstream Gas and Liquids brought in US$2.6 billion of EBITDAX in the first half of 2022, while Santos Energy Solutions boasted US$149 million of earnings before interest, tax, depreciation, and amortisation (EBITDA).

The company has also revealed a new strategy. Its ‘backfill and sustain – decarbonisation – clean fuels’ strategy will build on its predecessor, the ‘transform – build – grow’ strategy, in place since 2016.

Santos share price snapshot

Despite today’s tumble, the Santos share price has been outperforming recently.

It has lifted 16% since the start of 2022. It’s also trading 9% higher than it was this time last year.

Comparatively, the S&P/ASX 200 Index (ASX: XJO) has fallen 8% year to date and 7% over the last 12 months.

The post Why did the Santos share price take a dive following the company’s investor briefing? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Monday
• Morgans names 2 more of the best ASX shares to buy in November
• 5 things to watch on the ASX 200 on Thursday
• Why did Santos and Woodside shares outperform the ASX 200 today

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.

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Flight Centre Travel Group Ltd (ASX: FLT) shares have charged higher in the past month, but could a new trend in corporate travel impact the travel recovery?

The travel company’s share price has jumped 11.58% in the past month. In today’s trade, Flight Centre shares are falling 1.83%. For perspective, the S&P/ASX 200 (ASX: XJO) is up 0.23% today.

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

New business travel trend

Business executives are taking longer trips since COVID-19, scrapping one-day trips for more lengthy stays.

One-day trips are declining by 25%, CWT states, cited by Reuters. CWT Asia Pacific sales head Akshay Kapoor noted the fall in shorter trips while highlighting this could translate to more revenue from longer hotel stays. Kapoor told the publication:

I think the trend away from one-day trips in favour of longer stays is here to stay as travellers become more environmentally and fiscally conscious.

This could translate into a higher revenue per available room for hotels in the long run.

Flight Centre is a global travel company that offers not just flights, but also hotels, cruises and travel tours.

In FY22, Flight Centre reported that its corporate businesses returned an underlying EBITDA profit of $14 million for the year, compared to an $80 million loss in FY21.

Flight Centre said “accelerated” leisure and corporate sales growth was driven by higher airfares and demand.

Corporate TTV surged 158% in FY22 to $5.6 billion, while leisure TTV jumped 197% to $4.1 billion.

Flight Centre share price snapshot

Flight Centre shares have lost more than 21% in the past 12 months, while they are down 5% year to date.

In comparison, the S&P/ASX 200 (ASX: XJO) has lost nearly 7% in the past year.

Flight Centre has a market capitalisation of about $3.3 billion based on the current share price.

The post Could this emerging trend dent the recovery for Flight Centre shares? appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• The Flight Centre share price soared 17% in October. Here’s why
• Why are Flight Centre shares still the most shorted on the ASX?
• Here are the 10 most shorted ASX shares
• If you’d spent $1,000 buying Flight Centre shares at the start of October, guess how much you’d have now

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 recommended Flight Centre Travel Group Limited. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.3% to 6,956.2 points.

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

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is up 4% to $5.74. Investors have been buying this infant formula company’s shares since the announcement of approval to sell its products in the United States. In addition, this morning the company kicked off its NZ$150 million on-market share buyback.

Cettire Ltd (ASX: CTT)

The Cettire share price is up 7% to $1.98. This appears to have been driven by a broker note out of Bell Potter. According to the note, the broker has recommenced coverage with a buy recommendation and $2.20 price target. Bell Potter believes Cettire “will continue to outperform its peer group consisting of global luxury retailers and local e-commerce players given its <1% market share in a large and growing market which could remain more resilient than other discretionary categories in a likely recessionary environment.”

Lottery Corporation Ltd (ASX: TLC)

The Lottery Corp share price is up over 4% to $4.48. This morning this lottery company released a trading update and revealed that group revenue was up 11% over the prior corresponding period during the first four months of FY 2023. The Keno business has been a particularly positive performer, delivering 33% revenue growth.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 5% to $3.12. This follows the release of an announcement from the semiconductor company this morning. That announcement reveals that the first silicon wafers integrating Weebit’s embedded Resistive Random-Access Memory (ReRAM) module have been delivered. They were shipped from technology realisation partner SkyWater Technology.

The post Why A2 Milk, Cettire, Lottery Corp, and Weebit Nano shares are rising appeared first on The Motley Fool Australia.

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More reading

• Why is the A2 Milk share price surging 5% on Tuesday?
• Weebit Nano share price leaps 5% on ‘huge milestone’
• Broker tips A2 Milk share price to jump 24%
• Why did the A2 Milk share price go backwards in October?
• Brokers name 3 ASX shares to buy 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 recommended A2 Milk and Cettire Limited. 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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1. The terminal cash rate for this economic cycle will likely be around 4%. That means the Reserve Bank of Australia (RBA) will be largely done raising interest rates by around the middle of next year.

2. Elements of the equity markets will recover from their recent lows. In the US, I’d be looking at large-cap tech stocks like Microsoft Corp (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), and Meta Platforms Inc (NASDAQ: META). Australia is a little trickier, given commodity stocks have been strong, bank stocks relatively stable, and some tech stocks, even after their shellacking this year, still look expensive.

3. Many stocks will never again reach their 2021 all-time highs. Many former market darlings and COVID-19 beneficiaries would have to 10x from here to get back to where they traded at their peak. It just isn’t going to happen. I’m looking at you Zip Co Ltd (ASX: ZIP), Sezzle Inc (ASX: SZL), and Redbubble Ltd (ASX: RBL), and they’ve got plenty of mates.

4. That said, some fallen heroes will stage remarkable recoveries, rising 300% or more from these depressed levels. I own a few that have taken big tumbles for which I hold out hope of recovery, and in more recent times, I’ve taken bites in a few beaten-down ASX small and microcap stocks that are still growing quickly.

Recovery hopefuls: Pinnacle Investment Management Group Ltd (ASX: PNI), Aussie Broadband Ltd (ASX: ABB)

Newer bites: Field Solutions Holdings Ltd (ASX: FSG), Alloggio Group Ltd (ASX: ALO), Mighty Craft Ltd (ASX: MCL)

5. The economy will slow as interest rate rises start to bite. This will put pressure on corporate earnings, particularly in consumer discretionary retailers like Harvey Norman Holdings Limited (ASX: HVN), Kogan.com Ltd (ASX: KGN), and Temple & Webster Group Ltd (ASX: TPW). Profit warnings will likely outpace profit upgrades.

6. Even though some companies are likely going to experience falling profits in FY23, in some cases this has already been priced into their cheap stock prices. I’m certainly no energy and commodity stock expert, and I’m always very conscious of their cyclicality, but Woodside Energy Group Ltd (ASX: WDS) and BHP Group Ltd (ASX: BHP) trading on 8 to 10% trailing fully franked dividend yields and on trailing single digit multiples have significant future falls in the iron ore and oil price already reflected in their share prices.  

7. On a trailing basis, some retailers look dirt cheap. At $2, the Dusk Group Ltd (ASX: DSK) share price trades at seven-times profit and on a fully franked dividend yield of 10%. The specialty retailer of home fragrance products didn’t provide FY23 guidance given “ongoing uncertainty surrounding the macro-environment”. Dusk is capitalised at $125 million, has $21 million cash, and no debt. 

8. If you believe the economy will recover (it always has done so in the past) and corporate profits will be higher three to five years from now (as they have been in the past), and that will translate to a higher stock market in the future (as it has done so in the past), one of the simplest investing strategies and processes is to dollar-cost average into a low-cost exchange-traded fund (ETF).

My favoured option is the Vanguard MSCI Index International Shares ETF (ASX: VGS). Since its inception in 2014, it has returned 11.4% per annum, something that would have turned an initial $10,000 investment into almost $23,000. The ETF holds stakes in large US companies, including Apple, Microsoft, Amazon, Tesla, Johnson & Johnson, and Exxon Mobil. 

If you want to throw in a local flavour, consider adding the Vanguard Australian Shares Index ETF (ASX: VAS). You’ll get exposure to the big miners, the big banks, and the big supermarkets.

9. Interest rates will start turning lower around the third quarter of next year as the economy slows in response to standard variable mortgage rates of around 7.5 to 8%. Consumer confidence has already taken a big hit, dropping to its lowest level since April 2020 amid higher interest rates and surging inflation. 

To the points above, discretionary spend – retail, food and beverage, even travel – is about to take a hit.

10. The forward-looking stock market has already priced much of what’s coming into the prices of individual stocks. It knows not how far spending will fall, nor how much some corporate profits will shrink. 

Just as the stock market is falling now, despite an economy with near-record-low unemployment, the forward-looking stock market will go higher in the face of a sharply weaker economy. Bad news is good news for the stock market.

In the meantime, volatility is likely to persist. There could even be another bear market from here, where the S&P/ASX 200 Index (ASX: XJO) falls a further 20%.

For stock pickers, use it to your advantage to add to your favourite existing stocks, and to throw a couple of new positions into your portfolio. 

For ETF investors, continue making regular (fortnightly or monthly) contributions, come hell or high water. With annualised returns potentially around the 8% level, an investment made today would double in nine years. 

It reminds me of the Bill Gates quote…

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.”

The post These 10 predictions could help you profit from the stock market regardless of inflation, interest rates or even another bear market appeared first on The Motley Fool Australia.

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More reading

• Why Baby Bunting, James Hardie, Sims, and Temple & Webster shares are dropping
• Why did the Woodside share price just hit an 8-year high?
• How regularly does the Vanguard Australian Shares ETF (VAS) pay dividends?
• Here’s the BHP dividend forecast through to 2027
• Goldman Sachs names 2 ASX 200 dividend shares to buy with 8% yields

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, 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 Bruce Jackson has positions in Alloggio Group Limited, Alphabet (A shares), Alphabet (C shares), Aussie Broadband Limited, Field Solutions Holdings Limited, Meta Platforms, Inc., Mighty Craft Limited, and PINNACLE FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Apple, Aussie Broadband Limited, Harvey Norman Holdings Ltd., Kogan.com ltd, Meta Platforms, Inc., Microsoft, PINNACLE FPO, REDBUBBLE FPO, Temple & Webster Group Ltd, Tesla, Vanguard MSCI Index International Shares ETF, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd., Kogan.com ltd, and PINNACLE FPO. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Apple, Aussie Broadband Limited, Dusk Group Limited, Meta Platforms, Inc., Temple & Webster Group Ltd, 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 S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. In afternoon trade, the benchmark index is up 0.35% to 6,957.1 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is down 4.5% to $2.55. This morning Macquarie downgraded this baby products retailer’s shares to a neutral rating and slashed the price target on them to $2.80. The broker has reduced its margin estimates to reflect the company’s trading update at its recent annual general meeting.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price has sunk 14% to $28.63. Investors have been selling this building products company’s shares following the release of its half year update. Although James Hardie delivered solid top and bottom line growth, it downgraded its full year guidance. It also scrapped its dividend in favour of a share buyback.

Sims Ltd (ASX: SGM)

The Sims share price is down 9% to $11.65. This follows the release of the scrap metal company’s trading update at its annual general meeting. Sims advised that tough trading conditions have tightened trading margins in both percentage and dollar per tonne terms. As a result, it expects first half underlying EBIT to be in the range of $65 million to $75 million. This is a significant decline on the underlying EBIT of $361.7 million that it reported during the first half of FY 2022.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down 3.5% to $5.35. This also appears to have been driven by a Macquarie downgrade. Its analysts have downgraded the online furniture retailer’s shares to an underperform rating and cut the price target on them to $4.00. Macquarie has concerns about trading conditions given the housing market downturn and rising rates.

The post Why Baby Bunting, James Hardie, Sims, and Temple & Webster shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Here’s why this ASX 200 share is crashing 14% on Tuesday
• Why is the James Hardie share price crashing 11% today?
• ‘Potentially bottomed’: 2 ASX shares experts reckon can’t get any cheaper
• Here are the 10 most shorted ASX shares
• 2 excellent ASX growth shares that analysts say are buys

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 Temple & Webster Group Ltd. The Motley Fool Australia has recommended Baby Bunting and Temple & Webster Group Ltd. 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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Investors in Novonix Ltd (ASX: NVX) shares know they can find this lithium battery company’s stock listed on our own Australian Securities Exchange. After all, Novonix is an Australian company, so it makes sense that its shares call the ASX home. Or do they?

Yes, Novonix shares are listed on the ASX, and have been since 2015.

But the company also has a secondary listing on the NASDAQ exchange. The NASDAQ is one of the two major exchanges in the United States.

Novonix only initiated its NASDAQ listing in February of this year under the ticker code ‘NASDAQ: NVX’. Prior to that, the company had an ‘over-the-counter (OTC)’ listing on the US markets (ticker code OTCQX: NVNXF), which it maintains today.

Novonix’s NASDAQ shares are actually what is known as ‘ADRs’ or American Depository Receipts. The ADRs are really certificates representing ownership of Novonix’s ASX shares. One NASDAQ ADR represents four ASX shares.

So why does Novonix have two share listings? Isn’t the ASX good enough for this company?

Two listings for Novonix shares

Well, the reality is that the US markets are significantly larger and more capitalised than the ASX is. As such, many companies list on both exchanges, or even just the US, to take advantage of this. Just look at ‘Australian’ company Atlassian Corp (NASDAQ: TEAM), which only calls the US home.

Further, a major investor in Novonix is US energy giant Phillips 66 (NYSE: PSX). So it’s possible that a presence on the US markets is advantageous to Novonix from a financial standpoint.

Here’s how the company justified its NASDAQ listing in a January announcement:

Establishing this program is part of an ongoing strategy to expand NOVONIX’s reach to investors in the United States and make the Company’s securities potentially eligible as a direct investment for North American institutions and fund managers.

So that’s why we see multiple listings for the Novonix share price around the world.

The post Why are Novonix shares listed on the Nasdaq as well as the ASX? appeared first on The Motley Fool Australia.

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More reading

• Why did the Novonix share price jump 50% in October?
• Why is the Novonix share price gaining today?
• Why is the Novonix share price tanking 5% today?
• A major shareholder sold off most of its Novonix shares last week. What’s happening?
• Novonix shares go for a swim after burning through $25 million

Motley Fool contributor Sebastian Bowen has positions in Atlassian. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Atlassian. 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 All Ordinaries Index (ASX: XAO) is in the green once more today, and these All Ords shares are making the most of it.

They’ve each lifted as much as 6% to hit their highest point in more than a year on Tuesday.

For comparison, the All Ords Index is up 0.25% at 7,146.8 points right now.

So, what’s helping to boost the stocks to new 52-week highs today? Let’s take a look.

3 ASX All Ords shares surging to 52-week highs

All Ords shares Mader Group Ltd (ASX: MAD), Perenti Ltd (ASX: PRN), and OFX Group Ltd (ASX: OFX) all took off earlier today to post their highest prices in more than 12 months.

And they weren’t alone in doing so. The share price of S&P/ASX 200 Index (ASX: XJO) energy giant Woodside Energy Group Ltd (ASX: WDS) also hit a near-eight-year high today – leaping 1% to $39.58 in intraday trade before slipping into the red this afternoon.

That gain was surpassed by that posted by the Mader share price earlier today. Stock in the maintenance services company lifted 3% to reach a high of $3.78 on Tuesday. That marks a new all-time high.

Interestingly, there’s been no news from the company since it posted a strong first-quarter performance, leading it up to its full-year guidance late last month. It expects to recognise at least $550 million of revenue and at least $35.5 million of net profit after tax (NPAT) for financial year 2022.

The Perenti share price is also gaining on Tuesday, soaring to its highest point in 52 weeks. It peaked at $1.025 earlier today, marking a 3% gain.

Like Mader before it, there’s been no news from the mining services company. The last time the market heard price-sensitive word from it was on 14 October when it hosted its annual general meeting (AGM).

The final All Ords share reaching a 52-week high is OFX Group. Its share price hit its highest point since 2016 earlier today before slumping into the red. Its new multi-year record sits at $2.91, 5.8% higher than its previous close.

The international payment services provider posted its half-year earnings today.

The company declared a 53% year-on-year increase in net operating income, coming in at $105.3 million for the six months ended 30 September. It also revealed a record $32.3 million of underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) – a 59% increase.

The post 3 ASX All Ords shares cracking new 52-week highs on Tuesday appeared first on The Motley Fool Australia.

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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 Mader Group Limited and OzForex Group Limited. The Motley Fool Australia has positions in and has recommended Mader Group Limited. The Motley Fool Australia has recommended OzForex Group Limited. 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 Woodside Energy Group Ltd (ASX: WDS) share price notched a fresh eight-year high in morning trade.

The S&P/ASX 200 Index (ASX: XJO) energy stock was swapping hands for $39.58, up 1.1% from yesterday’s close and the highest level since October 2014.

The Woodside shares have retraced since then and are currently down 1.3% for the day.

What’s driving ASX 200 investor interest?

ASX 200 investors have been bidding up the Woodside share price in 2022 amid soaring gas and crude oil prices.

Oil prices went sharply higher on Friday as investors speculated that Chinese authorities may be moving away from the nation’s strict COVID zero policies. The rolling lockdowns have drastically slowed China’s economic growth and dampened the country’s energy demand.

Chinese officials have since squashed those hopes, saying they are committed to a zero-virus policy.

Another major factor that could impact the oil price, and the Woodside share price, is the European Union’s pending restrictions on Russian oil exports amid its ongoing invasion of Ukraine. Russian crude imports will be banned by the EU commencing 5 December.

And November also marks the month that the Organization of Petroleum Exporting Countries (OPEC) agreed to cut their production limits, a move likely to hit with a lagging impact.

All told, the supply and demand dynamics see Brent crude oil trading for US$97.92 today. While that’s down 0.6% overnight, Brent is still up 3.4% from last Thursday, and up 16.5% from the recent lows it hit on 26 September.

Atop Woodside’s strong share price gains this year, the company also pays an 8.0% trailing dividend yield, 50% franked. Certainly an appealing number for income investors, provided the company can maintain those levels of payouts going forward.

Woodside share price snapshot

The Woodside share price has rocketed 76% this year on the back of soaring crude prices, with Brent up 26% in 2022.

For some context, the ASX 200 is down 8% year to date.

The post Why did the Woodside share price just hit an 8-year high? appeared first on The Motley Fool Australia.

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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 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 A2 Milk Company Ltd (ASX: A2M) share price is having a strong day.

In afternoon trade, the infant formula company’s shares are up 5% to $5.78.

Why is the A2 Milk share price rising?

The A2 Milk share price is rising today despite there being no news out of the company.

However, the consumer staples sector is performing very positively today and playing a role in keeping the ASX 200 index in positive territory.

In addition, a big announcement last week is likely to have given investor sentiment a boost and could be supporting the A2 Milk share price this week.

That announcement revealed that the company has received FDA approval to import, sell, and distribute products in the US market. Management estimates that it will ship 1 million cans of infant formula to the country during the second half. This will support a US market which has been facing shortages this year.

A2 Milk Company’s managing director and CEO, David Bortolussi, commented:

We are increasing our supply to respond to this situation, while importantly ensuring that we continue to meet the needs of our other IMF consumers and trade partners in China and other markets. If the US requires further support over an extended period, we have the proven ability to scale up significantly.

In response to the news, Bell Potter  retained its buy rating and lifted its price target slightly to $6.80. This implies potential upside of almost 18% for investors even after today’s strong gain.

The post Why is the A2 Milk share price surging 5% on Tuesday? appeared first on The Motley Fool Australia.

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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 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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