Tag: Motley Fool

With a new month approaching, what better time to look at making some new additions to your portfolio.

Two ASX shares that could be worth considering in October are listed below. Here’s what analysts are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX share to consider in October is Aristocrat Leisure.

Analysts at Morgans are recommending this gaming technology company and have an add rating and $43.00 price target on the company’s shares.

This compares favourably to the latest Aristocrat share price of $33.39.

Morgans likes Aristocrat due to its attractive valuation and strong long term growth outlook. The latter could be boosted by a planned expansion into real money gaming in the near future.

It commented:

The underperformance [of its shares] means, however, that ALL’s 1-year forward P/E has derated to less than 20x from a high of 30x last September. With $3.3bn of currently available liquidity, ALL has significant funding capacity for growth, even after the buyback. It has a stated ambition to build a meaningful presence in the rapidly growing online real money gaming segment, which we believe may be achieved both through organic investment and inorganic acquisitions.

Objective Corporation Limited (ASX: OCL)

Another ASX share that could be worth considering in October is Objective Corp.

It is a software company that provides content, collaboration, and process management solutions for the public sector in Asia Pacific, the USA and Europe.

After delivering a 15% increase in annualised recurring revenue (ARR) in FY 2022, the team at Goldman Sachs is expecting the strong form to continue. In fact, it expects Objective Corp’s ARR growth to accelerate to 18% in both FY 2023 and FY 2024.

Goldman has a buy rating and $18.40 price target on its shares. This compares to the current Objective Corp share price of $13.21.

The broker commented:

We are attracted to management’s track record of growth and margin expansion and see upside being driven from 1) new products including Build and RegWorks; and 2) expansion in the US over time. When adjusting for OCL’s conservative accounting (100% of R&D expensed), robust growth outlook, defensive end markets and high franchise quality, we see valuation appeal compared to SaaS peers and believe the shares can outperform in a more challenging macro environment.

The post Here’s why experts are tipping these ASX shares as buys for October appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• 2 ASX growth shares that Morgans rates as buys
• Here are 3 top ASX growth shares that analysts rate as buys
• ‘Bullish sign’: Expert names 2 rising ASX shares to buy right now
• Aristocrat share price defies the selloff thanks to bullish brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Objective Corporation Limited. 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 Macquarie Group Ltd (ASX: MQG) share price fell into negative territory again today.

At one point, shares in Australia’s fifth largest bank were trailing as much as 1.71% to an intraday low of $160.72.

However, a slight recovery towards the backend of the day has the share finish 0.92% lower to $162.01 on Tuesday.

For context, the S&P/ASX 200 Financials (ASX: XFJ) also headed south by 0.3% to 5,933.6 points.

Evidently, this dragged down shares in Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC).

They retreated by 0.19%, 0.34%, and 0.57%, respectively.

On the other hand, it is the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price that closed in the green, up 0.48%.

Let’s take a look at why Macquarie shares lagged behind the other ASX 200 banks today.

Why did Macquarie shares fare worse than the other ASX 200 banks?

A catalyst for Macquarie shares performing worse than its peers today appeared to be the company’s asset management arm shutting down its listed Asian equities business.

According to The Australian, the investment bank has closed down the unit due to the gloomy economic outlook.

Last week, Macquarie Asia New Stars No. 1 Fund stopped accepting applications and redemptions with management fees no longer charged.

The capital that was accumulated before this time is set to be distributed to investors over several instalments.

Ratings investment house, Zenith, felt let down by the outcome, saying:

Despite the longevity of the Macquarie Asia New Stars No. 1 Fund being a key concern, we remain disappointed with the termination of the product, as we held a high opinion of the experienced investment team.

This comes after the Macquarie Asia New Stars No. 1 Fund recorded a poor performance amid a challenging economic environment. Returns came at a loss of 20.4% for the year ended August 31.

While the closure is in response to prevailing market conditions, it is believed that this won’t have any effect on Macquarie’s broader equities business.

Macquarie share price snapshot

Adding to Tuesday’s losses, it’s worth noting that Macquarie shares are now down more than 6% in a week.

On top of the already tough month, the Macquarie share price is down 21% in 2022.

Based on today’s price, the company commands a market capitalisation of roughly $63.2 billion.

The post Why did the Macquarie share price trail the other ASX 200 banks today? appeared first on The Motley Fool Australia.

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More reading

• Brokers name 2 blue chip ASX 200 shares to buy now
• Down 14% in a month, what’s next for the BHP share price?
• Analysts name 2 ASX dividend shares to buy today
• Does ANZ really have the best profit margins of the big four bank shares?
• Why has the Macquarie share price been thrashed 10% in a fortnight?

Motley Fool contributor Aaron Teboneras 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 Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for exchange traded funds (ETFs) to buy, then you may want to check out the two listed below.

These ETFs are rated highly by analysts right now and for good reason. Here’s what you need to know:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

One of the hottest areas of the market this year has been the lithium industry. Despite the market’s wobbles, a number of lithium shares have recorded mouth-watering returns for investors.

So, if you’re interested in gaining exposure to this booming side of the market, then you could do it with the ETFS Battery Tech & Lithium ETF.

This ETF provides investors with exposure to a range of companies involved in battery technology and lithium mining. This includes AMG Advanced Metallurgical Group, Lockheed Martin, Mineral Resources Limited (ASX: MIN), and Pilbara Minerals Ltd (ASX: PLS).

Jessica Amir from Saxo Markets is a fan of the ETF and suggested that it could be a good way for investors to gain exposure to the decarbonisation megatrend. She said:

[I]f stock picking is not for you, and if you believe, like we do, that the electric vehicle industry and the critical minerals/ commodities will continue to see rising demand, and policy support, and also benefit from the world striving to be carbon neutral by 2050, then you could invest or trade in Global X Lithium & Battery Tech ETF (LIT) or ETFS Battery Tech & Lithium ETF ( (ACDC) that invests in about 30 of the biggest EV and battery technology companies in the world.

VanEck Vectors MSCI World ex Australia Quality ETF (ASX: QUAL)

Another ETF that has been tipped as one to buy is the VanEck Vectors MSCI World ex Australia Quality ETF.

As its name implies, this ETF gives investors access to a group of high quality shares from across the world (but excluding Australia).

To be included in the fund, a company needs to have low leverage, high earnings growth rates, and high returns on equity. A few examples of companies that tick these boxes and are included in the ETF are Apple, Microsoft, Nike, and Nvidia.

Shaw and Partners’ Felicity Thomas is positive on this ETF in the current environment. She recently told Livewire:

[F]or me, it’s actually a buy. With rising interest rates and the war that’s going on in Europe, I actually think it’s important to invest in quality companies with high revenue growth and a solid balance sheet, which QUAL provides.

The post These exciting ETFs have been tipped as buys by experts appeared first on The Motley Fool Australia.

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More reading

• How do investors decide which ASX 200 mining shares to buy?
• 2 exciting ETFs named as buys by experts

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

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The BrainChip Holdings Ltd (ASX: BRN) share price soared 7.23% today despite there being no news from the company.

Shares in the ASX artificial intelligence company ended the day trading at 89 cents each. The gains came following two successive trading days of losses — the BrainChip share price fell 3.49% on Monday and 5.49% on Friday.

Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) closed down 0.03% to 1,998.2 points, while the S&P/ASX 200 Index (ASX: XJO) ended the day 0.41% higher at 6,496.2 points.

It was a day of mixed results for BrainChip’s peers, as follows:

• Link Administration Holdings Ltd (ASX: LNK) down 1.64%
• Objective Corporation Limited (ASX: OCL) up 1.23%
• Megaport Ltd (ASX: MP1) up 6.72%

BrainChip has been on a wild ride over a medium timeframe, with its share price zig-zagging from peak to trough. It’s down more than 3% over the past six months but is up 120% over the past year.

So let’s cover some developments for the company to make sense of its most recent share price recovery.

What’s going on with BrainChip?

Tech start-ups with a decent runway to reach break-even profitability were said to be severely affected by rising interest rates by the Fool earlier this month. They’re also being hammered by a sector rotation out of growth to value stocks that began last November.

It’s also valuable to mention that BrainChip has outperformed many of its ASX technology share peers over the past year.

Additionally, my Fool colleague Tony notes, “although still in a pre-revenue stage, the business seems to be impressing the market with incremental deals that suggest its technology might actually have a future”.

This optimism may be buoyed by the fact that BrainChip is charting towards profitability through its various commercialisation efforts. Its main focus is on its AkidaTM neuromorphic IP, with technical scoping completed and commercial partnerships established with potential suitors.

Another point is that shares of tech start-ups are considered ‘moonshots’ because they sometimes either succeed or fail spectacularly. When the odds of losing money are low, a primary consideration is the price of admission, with lower share prices conferring less risk capital required for a potentially huge payout.

Thus, even in an uncertain environment where most people are concerned with keeping their portfolios above water, some choose to allocate their parts to more adventurous investments as they believe the value is too good to pass up.

BrainChip share price snapshot

The BrainChip share price is up 11% this year to date. Meanwhile, the ASX 200 is down 14% over the same period.

BrainChip has a market capitalisation of around $1.42 billion.

The post Why did the BrainChip share price surge 7% today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Brainchip, New Hope, Sayona Mining, and Talga are pushing higher
• Why Block, Brainchip, Domino’s, and Vulcan shares are sinking today
• Here are the top 10 ASX 200 shares today
• Do BrainChip shares pay dividends?

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 positions in and has recommended Link Administration Holdings Ltd, MEGAPORT FPO, and Objective Corporation Limited. The Motley Fool Australia has recommended MEGAPORT FPO. 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) traded in the green on Tuesday following yesterday’s rough start to the week. The index closed 0.41% higher at 6,496.2 points.

That’s despite the Dow Jones Industrial Average Index (DJX: .DJI) entering a bear market overnight, falling 1.1% to sit more than 20% below its January peak. The S&P 500 Index (SP: .INX) and Nasdaq Composite Index (NASDAQ: .IXIC) each surpassed the unfortunate milestone earlier this year.

On a more positive note, miners led the market’s gains today, with the S&P/ASX 200 Materials Index (ASX: XMJ) lifting 2.6%.

That’s despite most base metals falling amid concerns of a recession and a strengthening US dollar.

The latter likely also weighed on oil prices overnight. Though, you wouldn’t know it from looking at the S&P/ASX 200 Energy Index (ASX: XEJ)’s performance. The energy sector gained 1.7% on Tuesday, driven by ASX 200 coal shares.

The Brent crude oil price slipped 2.4% overnight to US$84.06 a barrel and the US Nymex crude oil price fell 2.6% to US$76.71 a barrel.

On the other end of the market, the S&P/ASX 200 Real Estate Index (ASX: XRE) posted a 2.1% fall while the S&P/ASX 200 Utilities Index (ASX: XUJ) dumped 0.75%.

All in all, five of the ASX 200’s 11 sectors posted gains on Tuesday. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

Shares in Brainchip Holdings Ltd (ASX: BRN) soared 7% on Tuesday to come in as the index’s top performer. Find out more about Brainchip and what it’s been up to lately here.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Brainchip Holdings Ltd (ASX: BRN)	$0.89	7.23%
Whitehaven Coal Ltd (ASX: WHC)	$8.45	6.83%
Megaport Ltd (ASX: MP1)	$7.94	6.72%
PointsBet Holdings Ltd (ASX: PBH)	$2.05	6.22%
Pilbara Minerals Ltd (ASX: PLS)	$4.68	6.12%
New Hope Corporation Limited (ASX: NHC)	$5.73	6.11%
Mineral Resources Limited (ASX: MIN)	$65.89	5.83%
Imugene Limited (ASX: IMU)	$0.19	5.56%
Fortescue Metals Group Limited (ASX: FMG)	$16.82	5.52%
Lake Resources N.L. (ASX: LKE)	$0.945	4.42%

Our top 10 ASX 200 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

• Why did the BrainChip share price surge 7% today?
• Why are these ASX lithium miners powering up today?
• ASX 200 iron ore miners rally as market rebounds on Tuesday
• Why is the Mineral Resources share price gaining 4% on Tuesday?
• Whitehaven share price leaps 8% amid ASX 200 coal rally

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 MEGAPORT FPO and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended MEGAPORT FPO and Pointsbet Holdings 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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A new lithium share started trading on the ASX today under the ticker A11.

Atlantic Lithium Ltd (ASX: A11) closed at 56 cents, down 3.45% from the opening price.

Let’s take a look at this brand new lithium share in more detail.

Lithium explorer

Atlantic Lithium is a lithium explorer developing the Ewoyaa Lithium Project in Ghana, West Africa.

Atlantic Lithium’s shares opened at 58 cents after the company’s public offering of 22,850,000 shares.

The company is also listed on the AIM sub-market of the London Stock Exchange under the ticker LSE:ALL.

Atlantic is aiming to produce lithium spodumene pegmatite at the Ewoyaa Project. The company has a US$103 million funding agreement with Piedmont Lithium Inc (ASX: PLL) for the development of this project.

On Friday, Atlantic provided an exploration update on this project. The company has completed a pre-feasibility study showing “significant profitability potential”.

The company has declared a maiden ore reserve of 18.9Mt at 1.24% lithium oxide. The mine has a 12.5 year life and could generate US$4.84 billion in revenue. The capital cost estimate is US$125 million.

Atlantic Lithium has a market capitalisation of more than $345 million based on the current share price.

Management commentary

Commenting on the project and ASX listing, executive chairman Neil Herbert said:

We believe that trading on the ASX will extend the Company’s shareholder base, enable wider trading and offer greater liquidity for Atlantic Lithium shares. Lithium companies listed on the ASX have attracted significant investor interest of late.

 As such, we believe that the listing will help enable the Company to achieve a more attractive valuation in respect of its industry-leading Ewoyaa Project.

The post A brand-new lithium share has just hit the ASX boards. Here’s the lowdown appeared first on The Motley Fool Australia.

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More reading

• ‘I can easily see it go up by 10 to 20%’: Expert reveals ASX 200 share that’s seasonally strong right now
• Which ASX shares have exposure to this ‘absolutely essential’ market?
• Experts name 2 star blue chip ASX 200 shares to buy now
• Why are these ASX lithium miners powering up today?
• Looking to buy Lynas shares? Here’s what rare earths are actually used for

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 last year has proven to be a challenging time to pick a winning investment inside the S&P/ASX 200 Index (ASX: XJO). A quick look at the Aussie benchmark shows that the majority of constituents’ share prices are worse off than where they were a year ago.

However, one portfolio manager is putting her expertise to work in an attempt to uncover a winner. In a recent interview, Jun Bei Liu of Tribeca Investment Partners paints a picture of an ASX-listed investment with plenty of potential.

Let’s take a look at what ASX 200 share it is before jumping out of the gates.

Punters season underway

At times it can be difficult to forecast the peaks and troughs of cyclical businesses. Other times, it can be quite simple.

For instance, retailers tend to see their highest sales in the weeks around Christmas and Boxing Day, airlines tend to land their busiest season during summer, and sports betting companies typically make bank in spring.

Last weekend, we witnessed the AFL grand final between the Geelong Cats and the Sydney Swans. This weekend, we will see the NRL grand final between the Penrith Panthers and the Parramatta Eels. Soon after, the ICC men’s Twenty20 World Cup will be held. And, Australia’s biggest horse racing event — the Melbourne Cup — is set to take place on 1 November.

As you can imagine, the next couple of months is a punter’s paradise. Hence, Liu is expecting the gloves to come off, and the Tabcorp Holdings Limited (ASX: TAH) share price to start swinging… to the upside.

The seasoned portfolio manager shared her take on this ASX 200 share with The Age, saying:

We’re heading into a seasonally strong period for Australian wagering and a lot of these companies are going into spring with extremely defensive positions. 

I can easily see it go up by 10 to 20% because Tabcorp is the only one going through seasonally strong periods and still trading very low multiples and yet analysts don’t upgrade.

The Tabcorp share price has retained its value far better than other ASX-listed wagering companies in 2022. While the ASX 200 constituent is down 6.5%, others such as Pointsbet Holdings Ltd (ASX: PBH) and Betmakers Technology Group Ltd (ASX: BET) have sunk 70% and 62%, respectively.

Valuation on ASX 200 gambling giant

Checking out the fundamentals of Tabcorp reveals the company is loss-making for the latest trailing 12-month period. This means we should probably look at the price-to-sales (P/S) ratio for a rough comparison, rather than earnings.

Right now, this ASX 200 share is presenting with a P/S ratio of around 0.9 times. Meanwhile, the industry average is situated at two times sales. Ironically, that is exactly what Pointbet is currently valued at, with Bluebet Holdings Ltd (ASX: BBT) close behind at 1.8 times.

The post ‘I can easily see it go up by 10 to 20%’: Expert reveals ASX 200 share that’s seasonally strong right now appeared first on The Motley Fool Australia.

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More reading

• These ASX 200 dividend shares just paid out. Here’s how much
• Tabcorp share price lifts following $62m eBet sale
• Here are the top 10 ASX 200 shares today
• 3 ASX 200 shares defying Friday’s sell-off to surge higher
• 3 blue-chip ASX 200 shares touting the highest dividend yield in September

Motley Fool contributor Mitchell Lawler 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 Betmakers Technology Group Ltd and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, BlueBet Holdings Ltd, and Pointsbet Holdings 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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I think Australia is very fortunate because of the abundance of resources (and ASX shares) that can provide access to compelling demand and profit.

Names like BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) get plenty of investor attention because of the huge cash flow generated by their iron ore divisions.

But, there are other ASX shares that are exposed to different commodities.

Rare earth ASX shares could be one of the most interesting areas of the resources space. Examples of rare earths include neodymium (Nd) and praseodymium (Pr).

Examples of uses for rare earth elements, according to Geoscience Australia, include: magnets and super magnets, motors, metal alloys, electronic and computing equipment, batteries, catalytic converters, petroleum refining, medical imaging, colouring agents in glass and ceramics, phosphors, lasers and special glass.

This expert is bullish on rare earths

At the end of August, fund manager Emanuel Datt had allocated 23% of the fund towards rare earth ASX shares.

My colleague Tony Yoo has previously written about some of Datt’s rare earth picks, which include Lynas Rare Earths Ltd (ASX: LYC) (which is down 25% since mid-August), Dreadnought Resources Ltd (ASX: DRE) and Lanthanein Resources Ltd (ASX: LNR).

Why is Datt optimistic about rare earth prices and rare earth ASX shares? He suggests that there could be higher tensions between China and Taiwan, which could lead to the “weaponization” of rare earth supply through supply restrictions. Datt explained:

We know that rare earths are absolutely essential for advanced technology applications, ie renewables, electric vehicles […] The second point was the market power. We’ve already discussed how China produces around 90% of rare earths globally on a downstream basis.

We’re not looking or anticipating a full-blown war or anything like that between the two nations. But escalation in tensions, you know, sanctions and tit for tat retaliation. I think that will be enough to really get rare earth prices moving and demand being pushed forward effectively from rare earths uses, wanting to secure supply ahead of any potential restrictions.

What does Datt like about Lynas shares?

My colleague Tony Yoo reported on why Datt thinks that Lynas is the “gold standard” for rare earth ASX shares. Datt said:

It is an integrated producer with downstream processing facilities located in Malaysia and upstream operations in Western Australia.

Its customers are primarily Japanese and other nationalities who wish to diversify their supply from non-mainland Chinese sources.

Lynas Rare Earth share price snapshot

Since the start of 2022, Lynas has dropped by more than 30%.

The post Which ASX shares have exposure to this ‘absolutely essential’ market? appeared first on The Motley Fool Australia.

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More reading

• Looking to buy Lynas shares? Here’s what rare earths are actually used for
• 3 ASX mining shares absolutely slaying the market today
• The Lynas share price is down 20% this year, so why is management receiving a huge bonus?
• Here are the top 10 ASX 200 shares today
• Lynas share price storms 5% higher: Can it keep rising?

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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If you’re looking to buy some ASX 200 blue chip shares, you may want to look at the stars named below.

Both have been tipped as buys with bright futures by top brokers. Here’s why:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share that has been tipped as a buy is CSL.

It is one of the world’s leading biotechnology companies and the name behind the CSL Behring, CSL Vifor, and Seqirus businesses.

CSL Behring is the global leader in a plasma therapies industry, CSL Vifor is a global leader in iron deficiency and iron deficiency anaemia therapies, and Seqirus is the number two player in the global influenza vaccines industry.

These businesses appear well-placed for growth thanks to their world class product portfolios, significant investment in research and development, and strong demand.

Morgans is positive on CSL and believes the tide is finally turning for the company after plasma collection headwinds eased. It said:

While near term challenges remain and plasma inventories will need to be rebuilt over time, strong plasma collection growth and ongoing demand across both Behring and Seqirus underpin strong growth and continued momentum.

Morgans has an add rating and $321.30 price target on its shares.

ResMed Inc (ASX: RMD)

Another star ASX 200 blue chip share that has need named as a buy is ResMed.

It is a global leader in the development, manufacturing, distribution, and marketing of medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders.

ResMed has been growing at a strong rate for years thanks to the popularity of its products and increasing demand for sleep treatment solutions.

Analysts at Goldman Sachs are very positive on the company and believe it is well-placed for further growth. It commented:

We continue to see a long-duration runway of HSD organic growth for RMD, and we believe that growth-adjusted valuation of 3.1x (sector 2.9x) is not demanding in the context of various near/long-dated tailwinds. Buy.

Goldman Sachs has a buy rating and $36.80 price target on its shares.

The post Experts name 2 star blue chip ASX 200 shares to buy now appeared first on The Motley Fool Australia.

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More reading

• ‘Long term view’: Expert names 2 punished ASX shares with ‘bright outlook’
• Here are the top 10 ASX 200 shares today
• Not all ASX 200 shares are getting hammered today. Here are some winners
• Why this expert has a ‘positive long-term view’ on the CSL share price
• Experts names the blue chip ASX 200 shares to buy

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 CSL Ltd. and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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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These ASX lithium shares are surging amid a much-relieved rebound across the Aussie stock market on Tuesday.

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is up 0.26% after recording heavy falls the day before.

The benchmark index tanked 1.6% yesterday which brought its losses to over 5% in a week.

This came on the back of the US Fed’s latest rate hike as well as concerns about a looming recession by next year.

Nonetheless, investor excitement surrounding the lithium revolution is driving these ASX shares back deep in the green.

Let’s take a look at which are some of the best performers on the market today.

How are these ASX lithium shares faring today?

The Argosy Minerals Ltd (ASX: AGY) share price is rocketing by 8.08% to 53.5 cents despite no company news.

The emerging lithium carbonate miner has been busy completing the construction of its Rincon Lithium Project in Argentina.

It is expected that production will commence in the next quarter.

In addition, the Pilbara Minerals Ltd (ASX: PLS) share price is cracking 6.46% higher to $4.695 following yesterday’s 9% decline.

The lithium producer recently released the results of its BMX auction which attracted strong interest from a broad range of buyers.

Pilbara Minerals intends to accept the highest bid of US$6,988 per dry metric tonne (dmt) for a cargo load of 5,000 dmt.

Lastly, the Sayona Mining Ltd (ASX: SYA) share price is also pushing upwards on its project news.

The lithium explorer’s shares are up 3.18% to 22.7 cents but rode as high as 24 cents during midday trade.

Also providing support to the ASX lithium miners is the uptick in the prices for lithium carbonate.

According to Trading Economics, the battery making ingredient is fetching at 501,500 Chinese yuan (US$70,000).

This is near its all-time high of 504,000 Chinese yuan (US$70,400 per tonne).

When looking at year-on-year, lithium prices are up almost 200%.

The post Why are these ASX lithium miners powering up today? appeared first on The Motley Fool Australia.

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More reading

• Why Brainchip, New Hope, Sayona Mining, and Talga are pushing higher
• Sayona Mining share price leaps 7% on lithium project news
• Pilbara Minerals share price up 5%: Can this lithium share keep rising?
• 3 ASX lithium shares that dropped by 12% or more on Monday
• Exploding 30% in a month, is it too late to buy Pilbara Minerals shares?

Motley Fool contributor Aaron Teboneras has positions in Argosy Minerals Limited and Pilbara Minerals 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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