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Andrew Forrest was in the headlines multiple times this week. But, he ended the week richer after a pleasing performance by the Fortescue Metals Group Limited (ASX: FMG) share price. Shares of the ASX mining share increased by 7% over the week.

That rise compares to an increase of around 0.57% from the S&P/ASX 200 Index (ASX: XJO).

So, let’s look at what happened this week.

Not enough opportunities for Aboriginals

According to reporting by The Age, former Aboriginal elder of the year and Nyamal woman Aunty Doris Mitchell-Eaton spoke at a ceremony for Iron Bridge, the latest project that Fortescue is involved with.

She said that when traditional owners and Forrest first signed an agreement to mine the land, they were assured that Nyamal people would be employed. However, they have since been told they “didn’t have the capability”, Mitchell-Eaton said. She added:

Give us the opportunity to build that capability, to mine our country. I’m standing here as a proud Nyamal, it’s hurt my feelings to see every people coming in here digging in our country and we haven’t got an opportunity.

Give us this good opportunity, we want to build this capability. That’s the word I learned from FMG because FMG knocked us back with Nyamal Mining.

In response, Forrest said that Indigenous people were being “held back by even the best-intentioned bureaucrats”.

Forrest pointed out that the mining sector was the biggest employer of Aboriginal people in the country and was responsible for advanced, highly paid work for Aboriginal people. He said: “When we take our welfare foot off their necks, they succeed as well as anybody else.”

The Age also reported Forrest as saying Iron Bridge had included $68 million in agreements to Indigenous people and for Indigenous work since the project began. FMG said it had awarded $285 million worth of work to Nyamal businesses.

Fortescue shares in its mining successes

While the ASX mining share may have copped some criticism from an Aboriginal elder, it’s worth noting the latest Australian Taxation Office corporate tax transparency report showed that Australia’s biggest miners contributed almost a third of the entire corporate income tax take in the last financial year. That’s according to reporting by the Australian Financial Review.

Those ‘biggest miners’ include Fortescue, as well as BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and companies controlled by Gina Rinehart.

More staff moving on

Earlier this week, it was reported by The Australian that another senior executive at Fortescue had left the business. The company’s most senior human resources manager, Linda O’Farrell, has reportedly departed this time.

The newspaper noted that only three of the 11 members of Fortescue’s executive leadership team listed in its 2021 annual report remained with the business.

Cost blowouts and scheduling delays at Fortescue’s Iron Bridge project led to the departure of chief operating officer Greg Lilleyman and project director Don Hyma.

A restructuring of its executive incentive system saw $50 million removed from the expected bonus pool. This reportedly saw more departures.

Fortescue shares’ success is likely partly dependent on its management team.

Hotel deal booked in?

Finally, in the week that was, Andrew Forrest is reportedly negotiating a deal to buy the yet-to-be-built Waldorf Astoria hotel, which will front Sydney’s Circular Quay.

The deal could be worth up to $572 million.

According to The Australian, the deal is being negotiated at a rate of “up to $2.6 million for each of the 220 rooms” in the six-star hotel, which is being developed by Lendlease Group (ASX: LLC) as part of the $3 billion One Circular Quay development.

It was reported that while negotiations continue, it’s dependent on the final price.

The post Hotels, hurt feelings, and HR hassles, but Fortescue’s biggest shareholder still got richer this week appeared first on The Motley Fool Australia.

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More reading

• Is the Vanguard Australian Shares ETF fighting off inflation?
• How did Pendal shares fare today amid takeover talk and an earnings update?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most traded ASX 200 shares on Friday
• With 8% yield, are Woodside shares a dividend no-brainer buy?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals 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 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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It’s been a tough year for most asset classes in 2022. Shares, property, bonds… you name it, it’s probably down. Unfortunately, this also extends to gold and by extension, ASX gold shares.

At the start of this year, gold was priced at around US$1,830 an ounce.

Today, it is trading at US$1,643.

This obviously hasn’t done the ASX miners that dig up the yellow metal any favours. Take the S&P/ASX 200 Index (ASX: XJO)’s largest gold miner, Newcrest Mining Ltd (ASX: NCM). Year to date, the Newcrest Mining share price has fallen by a depressing 29%.

That is up the extreme end. But you’d still be hard-pressed to find a gold miner on the ASX that has glittered in 2022. Gold Road Resources Ltd (ASX: GOR) shares are down 16% year to date. The Northern Star Resources Ltd (ASX: NST) share price has lost around 7%.

So what’s gone so wrong for gold? Isn’t this precious metal supposed to be a hedge against inflation, market volatility and general uncertainty, all of which 2022 has delivered in spades?

Well, according to an article in The Australian today, a strong US dollar and rising interest rates are mostly to blame.

Gold’s appeal falls when interest rates rise

When interest rates rise, it reduces the appeal of holding gold as an investment since holding bullion gives off no yield. As such, many investors would rather invest in dividend-paying shares or term deposits. That’s given the cash flow yield one can enjoy when rates are rising.

The US dollar also has a big influence. The yellow metal is usually priced in US dollars for international transactions. This means that when the dollar rises in value against other currencies, the value of gold in US dollar terms declines.

And since we have seen a surging US dollar over the year thus far, this is definitely a factor at play as well.

So are there better times ahead for gold? Well, the report quotes Phil Kosmala, managing partner at investment consulting firm Taiber Kosmala.

Kosmala is reportedly waiting for signs that the US economy is heading for a recession before he buys gold. This is because these periods are when the precious metal’s status as a safe haven really shines through, according to Kosmala.

He is also waiting to see the US dollar retreat from its recent highs and for interest rates to start falling:

We’d like to see all three of those for us to start looking more favourably upon gold.

The post Is there any good news in sight for the gold price and ASX 200 gold shares? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Is the Northern Star share price cheap or expensive compared to its peers?
• Which ASX 200 mining shares managed to dig up gains in October?
• 5 things to watch on the ASX 200 on Wednesday
• Top ASX shares to buy in November 2022

Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining 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 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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Regular readers of The Motley Fool need not be reminded that it’s been a shocking year for stocks.

So what to do when the sea of red in your portfolio is making you anxious, angry or both?

United States financial expert and long-term buy-and-hold advocate Brian Feroldi told his subscribers an old fable that could guide those not knowing what to do right now.

“There once was a queen who wanted to learn all the wisdom in the world. She filled her library with every book she could find,” he said.

“She soon realised that she would never have time to read them all. She tasked the kingdom’s scholars to condense all worldly wisdom into one book.”

After 10 years of work, the scholars returned with a massive book. But by then the queen had aged and her eyesight had faded.

“She asked them to condense it to a chapter. A decade later, they returned,” said Feroldi.

“But by then, her attention span was notably shorter. She asked if they could narrow it all down to one sentence.”

Another decade of research followed, and the queen’s scholars came back with one sentence:

This, too, shall pass.

“In her old age and hard-earned wisdom, the queen readily agreed — this was the essence of worldly wisdom,” Feroldi said.

Portfolios might look sick, but look how time heals

Feroldi’s point was that, yes, it has been a terrible 12 months. But over time, like every other bear market, it will pass.

“In two weeks — November 19, 2022 — we will mark an important date for investors: the one year anniversary of the top of the markets.”

The Nasdaq Composite (NASDAQ: .IXIC) has tumbled more than 33% over the past 12 months. 

Feroldi said he and his collaborators Brian Stoffel and Brian Withers have “suffered even greater losses”.

“And yet, we know in our bones that, ‘this, too, shall pass’. If we back up the lens, we get perspective.”

Despite 2022’s underperformance, according to Google Finance, the Nasdaq index has still gained 56% over the past five years.

“Over the past 10 years, the Nasdaq is up 270%, or 14.0% per year. Over the past 20 years, the Nasdaq is up 740%, or 11.2% per year,” said Feroldi.

“Over the past 30 years, the Nasdaq is up 1,730%, or 10.2% per year.”

Those long-term gains, according to Feroldi, are no historical fluke.

“We believe the future will be just as bright,” he said.

“And we’ll be all the better for having gone through this together. This, too, shall pass.”

So just hold on, let the bear market pass, and in the long run, the portfolio will sort itself out into green.

The post Why you need to ignore your ASX share portfolio losses: expert appeared first on The Motley Fool Australia.

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More reading

• 2 of the best ETFs for ASX investors to buy next week
• Is the Vanguard Australian Shares ETF fighting off inflation?
• Brokers name 2 ASX 200 dividend shares to buy
• How did Pendal shares fare today amid takeover talk and an earnings update?
• Why did the Woodside share price totally smash the ASX 200 today?

Motley Fool contributor Tony Yoo 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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If you’re in the market for some new exchange traded funds (ETFs), then it could be worth considering the two listed below.

Both are filled to the brim with high quality companies and are trading well below their highest levels of the year. Here’s what you need to know:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

It has not been a good year for the BetaShares NASDAQ 100 ETF. This hugely popular ETF has dropped 29% from its 52-week high.

This has been driven by a de-rating of tech valuations and, more recently, the poor performance of a number of tech behemoths such as Amazon and Meta (Facebook). The latter has lost almost three-quarters of its value in 2022 as TikTok steals screen time and Apple’s privacy changes make targeted advertising harder.

While this is very disappointing, it could prove to be an incredible buying opportunity for investors with a long-term focus. Particularly given the quality that is on offer with the ETF.

The BetaShares NASDAQ 100 ETF is home to the 100 largest (non-financial) businesses on Wall Street’s technology focused NASDAQ exchange. This means investors will be buying a slice of many of the world’s greatest companies such as Amazon, Apple, Alphabet, , Microsoft, Nvidia, and Tesla.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

The VanEck Vectors Morningstar Wide Moat ETF could be an ETF to consider next week.

Its units have fared a lot better than the Nasdaq 100 ETF and are down approximately 10% from their 52-week high.

This could make it an opportune time to make an investment, particularly given its strong track record of generating stellar returns. Even after accounting for 2022’s difficulties, the index the fund tracks has generated an average return of 19.14% per annum over the last 10 years.

This has been driven by its focus on fairly priced US companies with sustainable competitive advantages or moats.

The fund regularly changes its constituents and removes stocks when they become overvalued. But generally, there will be approximately 50 shares in the fund at any given time. At present, this includes Alphabet, Amazon, Boeing, Microsoft, Salesforce, and Walt Disney.

The post 2 of the best ETFs for ASX investors to buy next week appeared first on The Motley Fool Australia.

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More reading

• Why is the BetaShares Nasdaq 100 ETF taking a thrashing today?
• I think these 2 ASX ETFs are unmissable buys in this sell-off
• Here are 3 ASX ETFs for smart investors
• 3 excellent ETFs for ASX investors to buy today
• Down 25%: Why is the BetaShares NASDAQ ETF having such a dire year?

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 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.

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The Vanguard Australian Shares Index ETF (ASX: VAS) finished the week in the green but only just.

The VAS share price was $85.52 at the market close on Friday, up 0.46% for the day and up 0.52% for the week.

This follows a strong performance in October from the exchange-traded fund (ETF), as my Fool colleague Tristan reported earlier in the week.

Over the month, the Vanguard Australian Shares Index ETF share price rose by 4.4%.

The VAS ETF also paid out a distribution that was equivalent to a 1.8% return. So, in total, a 6.2% return for VAS shareholders in October.

Tristan points out that the ETF’s decade-average total annual return is 8.3%.

Is the VAS ETF combatting inflation through capital gains?

It would be fair to say inflation is the key battle for the ASX share market as a whole in 2022.

As an index ETF representing the top 300 companies listed on the ASX (by market capitalisation), VAS has felt the full effect.

Inflation is causing three problems for the broader market. Firstly, it’s raising costs for companies. Secondly, it’s resulting in rapidly rising interest rates. Thirdly, it’s causing fears of recession.

So, no wonder the VAS ETF is down by just a little more than the ASX 200 in the year to date.

The S&P/ASX 200 Index (ASX: XJO) is down 9.25% in the year to date. The VAS ETF is down 12.1%.

So is VAS fighting off inflation enough to ensure shareholders get a real return on investment (ROI)?

Most ASX 200 shares are down in 2022. Inflation is going up. End of story. It’s unlikely that shareholders of diversified portfolios in the ASX 200 will make much of a capital gain in 2022.

So right now, the short answer is no, VAS is not fighting off inflation through capital gains.

But it’s a short-term problem. Let us explain.

Is the VAS ETF combatting inflation through dividends?

When markets are volatile, investors tend to focus on dividends as their main ROI from shares.

So, let’s see if VAS is combatting inflation through its annual distributions.

The VAS ETF paid a tad above $3.44 per share in distributions in CY22. Based on today’s closing price of $85.54, that gives the VAS ETF a dividend yield of 4.02%.

If you add the 100% franking, you get a grossed-up yield of 5.74%. And then you have to pay tax on that income before you get your ‘real’ ROI for the year.

The latest annual inflation number from the Australian Bureau of Statistics is 7.3%. That’s the highest inflation number we’ve seen in Australia since 1988.

So, the short answer is ‘no’. VAS is not fighting off inflation through dividends for investors right now.

And inflation is going to get worse, with the Reserve Bank telling us this week it will probably go to 8% by the end of the year.

But here’s the good news — and why this is all a short-term problem for VAS shareholders.

The RBA says: “… headline and underlying inflation are both expected to decline to about 3¼ per cent by the end of 2024, and continue declining in the following year.”

So, if VAS continues to pay a grossed-up yield in the high 5% range, it will be fighting off inflation through its distributions by about this time next year.

And once inflation starts going down and interest rates stop rising, you’ll probably see the VAS share price rally, too.

That means the VAS ETF may be fighting inflation through capital gains, too, before you know it.

Long-term investors, sit tight!

The post Is the Vanguard Australian Shares ETF fighting off inflation? appeared first on The Motley Fool Australia.

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More reading

• How did Pendal shares fare today amid takeover talk and an earnings update?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most traded ASX 200 shares on Friday
• With 8% yield, are Woodside shares a dividend no-brainer buy?
• Why is the Novonix share price gaining today?

Motley Fool contributor Bronwyn Allen has positions in Vanguard Australian Shares Index. 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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Are you looking for ASX 200 dividend shares to buy when the market reopens? If you are, then you may want to check out the two listed below that have been named as buys.

Here’s why brokers rate them highly right now:

Coles Group Ltd (ASX: COL)

According to a note out of Morgans, its analysts believe that Coles is an ASX 200 dividend share to buy right now.

The note reveals that its analysts have an add rating and $19.50 price target on the supermarket giant’s shares. The broker commented:

Trading on 20.6x FY23F PE and 4.0% yield, we continue to see COL as offering good value with the company’s solid balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. The unwinding of local shopping should also help further market share gains.

As for dividends, Morgans forecasting a 64 cents per share dividend in FY 2023 and a 66 cents per share dividend in FY 2024. Based on the current Coles share price of $16.18, this will mean yields of 4% and 4.1%, respectively, for investors.

National Australia Bank Ltd (ASX: NAB)

A note out of Goldman Sachs reveals that its analysts see NAB as an ASX 200 dividend share to buy right now.

According to the note, the broker has a buy rating and $34.81 price target on the banking giant’s shares. It commented:

We reiterate our Buy on NAB given: i) we see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic, ii) NAB has delivered the highest levels of productivity over the last three years, which we think leaves it well positioned for an environment of elevated inflationary pressure, iii) NAB’s cost management initiatives, which seem further progressed vs. peers.

In respect to dividends, the broker is forecasting a $1.66 per share dividend in FY 2023 and then a $1.73 per share dividend in FY 2024. Based on the current NAB share price of $32.12, this will mean fully franked yields of 5.15% and 5.4%, respectively.

The post Brokers name 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• How much could I expect to make in a year if I bought $5,000 of NAB shares right now?
• Why Flybuys could cost Coles shares amid greater cyber concerns
• Is Bendigo Bank the best bet for dividends out of all the ASX 200 bank shares?
• Coles shares underperformed the market last month. What’s next?
• 3 ‘bullish’ ASX shares to buy as FOMO grips the market: expert

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 positions in and has recommended COLESGROUP DEF SET. 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 Pendal Group Ltd (ASX: PDL) share price slipped 0.22% lower on Friday after the company posted its full-year report for FY22.

After spending most of today’s trading session in the red, shares in the global investment company closed at $4.51.

The report comes a day after financial services company Perpetual Limited (ASX: PPT) reiterated that it would continue its plans to acquire Pendal. Perpetual made the announcement yesterday after itself rejecting a bid from a potential suitor to acquire 100% of its shares, saying the offer would have “materially” undervalued the company.

Let’s cover the highlights of what Pendal reported today.

What did Pendal report?

• Fee revenue up 8% year over year (yoy) to $629.7 million
• Statutory net profit after tax (NPAT) down 32% yoy to $112.8 million
• Operating expenses up 7% yoy to $403.2 million
• Average funds under management (FUM) up 15% to $124.3 billion

The company announced a fully franked final dividend of 3.5 cents per share along with the results. The dividend has a payment date of 15 December and a record date of 2 December. Its expiry date is 1 December.

In the report, Pendal Group CEO Nick Good described FY22 as being against a “backdrop of significant challenges that are buffeting the asset management sector”.

The company chalked up the losses in Pendal’s NPAT to a decline in the global equity markets, which reversed its seed capital gains observed in the previous financial year.

Good cited geopolitical tensions and inflation concerns as having “[cut] asset values and funds inflows worldwide”.

He also noted deteriorating investor sentiment in the second half of this year, prompting Pendal to implement strong cost management practices to guard against further losses.

What else did Pendal report?

The report notes that while its average FUM was 15% higher in FY22, total FUM declined 25 per cent to $104.5 billion. Fund net outflows of $14 billion and weaker markets were said to have contributed to this.

Pendal added that Perpetual’s acquisition of its business was “on track,” the company having entered into a scheme implementation deed with its suitor.

The deal will see Perpetual acquire 100% of Pendal’s shares. The consideration offered is “one Perpetual share for every 7.5 Pendal shares plus $1.976 cash”, which is to be adjusted downwards for any final FY22 dividend paid by Pendal.

A scheme booklet will be posted to shareholders later this month. Pendal shareholders will be given the chance to vote on the acquisition sometime in December.

The Pendal board has recommended its shareholders vote in favour of the scheme.

What did management say?

Good described this year as “tough for markets and global investor confidence alike” He added:

Against this backdrop, however, Pendal produced a solid 2022 financial result. We were able to achieve this by responding to changing market conditions and taking tight control of costs. Our acquisition of TSW has delivered in line with expectations both financially and through improved diversification.

In parallel, we have continued to invest in the growing distribution in Continental Europe, deepening our ESG/RI capabilities and streamlining our operating infrastructure. Over time we expect to see a return on these investments.

Good continued:

The proposed acquisition by Perpetual is expected to accelerate growth of the business and our shareholders can continue to benefit through the scrip component of the scheme consideration.

What’s next?

Shareholders were told in Pendal’s analyst presentation that it would focus on “managing costs and optimising short-term results while ensuring we remain ready to take advantage of a market upturn”.

Some tactics of how Pendal plans to achieve this include maintaining its current book of clients and upgrading its digital marketing initiatives.

It also intends to expand its regional client base in Europe via its existing distribution presence.

Pendal share price snapshot

The Pendal share price is down around 19% year to date. That’s underperforming the S&P/ASX 200 Index (ASX: XJO) by a wide margin, as it’s only down 7.42% over the same period.

The company’s market capitalisation is $1.73 billion based on the current share price.

The post How did Pendal shares fare today amid takeover talk and an earnings update? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most traded ASX 200 shares on Friday
• Why A2 Milk, Bravura, Magellan, and Pendal shares are dropping
• With 8% yield, are Woodside shares a dividend no-brainer buy?
• Why is the Novonix share price gaining today?

Motley Fool contributor Matthew Farley 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 Woodside Energy Group Ltd (ASX: WDS) share price soared ahead again today.

Woodside shares rose 3.89% to close the day at $38.17. For perspective, the S&P/ASX 200 (ASX: XJO) lifted 0.51% today.

Let’s take a look at what impacted the Woodside share price.

What’s going on?

Woodside was not the only ASX energy share to rise today. The Santos Ltd (ASX: STO) share price jumped 2.3%, while Beach Energy Ltd (ASX: BPT) shares jumped 0.93%.

The Brent Crude oil price has lifted 1.86% to US $96.43 a barrel, while WTI crude oil has risen 2.02% to US$89.95 a barrel, according to Bloomberg.

The oil price jumped as the US dollar index lifted, Reuters reported. The US dollar index is down 0.33% to 112.56 at the time of writing.

However, ANZ commodity strategists Daniel Hynes and Soni Kumari warned of signs of weakness in oil demand in a research report on Thursday. The strategists said:

We now expect global demand in Q4 2022 to grow by only 0.6 mb/d from the same quarter last year and to moderate next year.

Meanwhile, the European natural gas price steadied overnight amid cooler weather forecasts in Europe. Natural gas prices are currently up 0.77% to US $6.02 per MMBTU.

Saxo Bank head of commodity strategy Ole Hansen said in quotes cited by Bloomberg:

We are getting closer to a turn in the weather. The best protection against winter shortages remains a high price.

Meanwhile, Woodside revealed yesterday it has paid more than $13 billion in Australian taxes and royalties since 2011.

From January to October 2022, Woodside paid more than $2 billion in Australian taxes.

On Wednesday, Australian treasurer Jim Chalmers revealed the Government could tax gas. In quotes cited by the Australian Financial Review, Chalmers said:

I think we have crossed a threshold where everybody in our cabinet and I think most people in the Australian community accept that when this is driven by a war, when the price is expected to become so extraordinarily high that they risk strangling industries, we need to do something about it.

Woodside share price snapshot

The Woodside share price has surged 66% in the past year, while it has soared 74% year to date.

For perspective, the ASX 200 has fallen 7% in the past year.

Woodside has a market capitalisation of more than $72 billion based on the current share price.

The post Why did the Woodside share price totally smash the ASX 200 today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• With 8% yield, are Woodside shares a dividend no-brainer buy?
• 5 things to watch on the ASX 200 on Friday
• The Woodside share price doubled the return of the ASX 200 in October
• 3 ASX 200 shares hitting new heights today

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.

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The S&P/ASX 200 Index (ASX: XJO) finished the week on a strong note. It gained 0.5% on Friday to close at 6,892.5 points. That leaves it 1.57% higher than it was this time last week.

The Aussie bourse was driven higher by the S&P/ASX 200 Energy Index (ASX: XEJ) today. The sector gained 3.3% despite tumbling oil prices.

The Brent crude oil price fell 1.5% to US$94.67 a barrel overnight while the US Nymex crude oil price dumped 2% to US$88.17 a barrel.

It was also a good day for miners, with the S&P/ASX 200 Materials Index (ASX: XMJ) lifting 1.8%.

Its gains followed a 1.2% fall in gold futures, which slipped to US$1,630.90 an ounce. Meanwhile, iron ore futures lifted 1.5% to US$83.37 a tonne.

But not all was golden (or green) on Friday. The S&P/ASX 200 Health Care Index (ASX: XHJ) plunged 0.8% while the S&P/ASX 200 Communications Index (ASX: XTJ) slipped 0.4%.

All in all, six of the ASX 200’s 11 sectors closed higher today. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The Block Inc (ASX: SQ2) share price topped the lot on Friday. It gained 11% on the release of the company’s update for the September quarter.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Block Inc (ASX: SQ2)	$97.03	10.93%
Coronado Global Resources Inc (ASX: CRN)	$2.27	8.61%
Allkem Ltd (ASX: AKE)	$14.94	6.03%
Whitehaven Coal Ltd (ASX: WHC)	$9.97	5.95%
New Hope Corporation Limited (ASX: NHC)	$6.45	5.91%
Imugene Limited (ASX: IMU)	$0.20	5.26%
Liontown Resources Limited (ASX: LTR)	$1.89	5%
Mineral Resources Limited (ASX: MIN)	$73.52	4.71%
Core Lithium Ltd (ASX: CXO)	$1.41	4.44%
Woodside Energy Group Ltd (ASX: WDS)	$38.17	3.89%

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 traded ASX 200 shares on Friday
• Why Allkem, Block, Bowen Coking Coal, and CSR shares are racing higher
• Which is the better ASX buy, Allkem or Core Lithium shares?
• With 8% yield, are Woodside shares a dividend no-brainer buy?
• Why are ASX lithium shares smashing the market 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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If you’re wanting to invest in the travel sector, then you may want to check out the two ASX travel shares listed below.

Both have been named as buys in the sector by Goldman Sachs and tipped to climb meaningfully higher from current levels. Here’s what the broker is saying:

Corporate Travel Management Ltd (ASX: CTD)

Goldman believes that this corporate travel specialist’s shares are in the buy zone at the current level. According to a recent note, the broker has a buy rating and $20.20 price target on its shares.

Its analysts have been pleased with Corporate Travel Management’s recovery from the pandemic and expects the positive form to continue. It commented:

Overall, momentum continues to be encouraging, albeit with regional nuances in the short term. CTD offers strong growth and margin accretion opportunities with improving scale and a consolidating market while maintaining a strong balance sheet.

Webjet Limited (ASX: WEB)

Another ASX travel share that Goldman Sachs rates highly is this online travel agent. In fact, the broker is such a big fan, it has put Webjet on its highly coveted conviction list. The broker has a conviction buy rating and $6.50 price target on its shares.

Goldman is very bullish on the company’s outlook thanks partly to its WebBeds (Bedbanks) business. It explained:

WEB is a structural beneficiary of the recovery from COVID with favorable exposure to the growing online channel and, more importantly, a strong positioning and improving scale in the niche Bedbanks segment. WEB has also demonstrated strong cash generation as the market recovers and valuation continues to be impacted by macro concerns. We expect the valuation should start decoupling to reflect the fundamental strength of the company as opposed to being in line with other travel intermediaries in the short term.

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

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More reading

• WAM visited 150 companies in October. Here are 5 ASX shares they are super positive on right now
• 3 ASX 200 shares rising after Q1 trading updates
• Could now be a good time to buy Webjet shares?
• Why is the Qantas share price so volatile today?
• Webjet share price higher on bullish Goldman Sachs note

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 Corporate Travel Management Limited and Webjet 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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