Tag: Motley Fool

If you’re interested in adding some ASX growth shares to your portfolio, you may want to look at the three listed below.

These growth shares have recently been named as buys by experts. Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that has been tipped as a buy is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and the owner of a portfolio of popular poker machines and digital games. The latter boasts over ~20 million monthly active users and are generating significant recurring revenues. Aristocrat is also looking to expand into the real money gaming market, which could be another significant avenue of growth.

Citi is a fan of the company. It has a buy rating and $40.20 price target on its shares.

Cochlear Limited (ASX: COH)

Another ASX growth share that has been named as a buy is Cochlear. It is one of the world’s leading hearing solutions companies. Thanks to its portfolio of world class products in an industry with high barriers of entry, Cochlear has been growing at a solid rate for well over a decade and looks well-placed to continue this trend in the future. Particularly given how the industry is benefiting from favourable tailwinds such as ageing populations.

Goldman Sachs is bullish on Cochlear. Its analysts currently have a buy rating and $237.00 price target on its shares.

Webjet Limited (ASX: WEB)

A final ASX growth share that has been named as a buy is online travel agent Webjet. After a tough couple of years, Webjet is now back on form thanks to rebounding travel markets. And with its costs reduced materially from pre-pandemic levels, Webjet looks set to be a much more efficient business in the future. This bodes well for its growth in the coming years.

Goldman Sachs is also very positive on Webjet. Its analysts currently have a buy rating and $6.80 price target on its shares.

The post Here are 3 top ASX growth shares that analysts rate as buys appeared first on The Motley Fool Australia.

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

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

More reading

• Why is the Cochlear share price slipping on Wednesday?
• Here are the top 10 ASX 200 shares today
• Why is the Webjet share price heading 5% skywards on Tuesday?
• Here’s how to grab your piece of the latest Cochlear dividend
• Here are 3 ASX 200 shares turning ex-dividend tomorrow

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

from The Motley Fool Australia https://ift.tt/8LZ5Qmb

The S&P/ASX 200 Index (ASX: XJO) waved farewell to eight companies on Monday morning. The benchmark index also welcomed eight others.

The shakeup was part of the S&P Dow Jones Indices quarterly rebalance, which seeks to maintain risks at targeted volatility levels.

The ASX 200 houses the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months, they were replaced by other companies.

Below we look at the eight companies that departed the ASX 200 on Monday and how they’ve performed since Friday’s closing bell. For context, the benchmark index is down 0.6% this week.

Leaving the ASX 200 on Monday

The first company to depart the benchmark index is Life360 Inc (ASX: 360), with a market cap of $1.0 billion. Based in the United States, the software development company allows users to keep track of family members via its apps. The Life360 share price is down 1.3% since Friday’s closing bell.

Up next is AVZ Minerals Ltd (ASX: AVZ), which has a market cap of $2.7 billion. The resource explorer is focused on developing the lithium-rich Manono Project, located in the Democratic Republic of the Congo. AVZ shares last traded on 6 May, after which the company asked for a halt in trading. And it now looks like shares won’t be trading again until at least October.

The third company that got kicked out of the ASX 200 on Monday is City Chic Collective Ltd (ASX: CCX), with a market cap of $377 million. The ASX retailer specialises in plus-size women’s apparel, footwear and accessories. City Chic pays a 0.6% trailing dividend yield, fully franked. Shares are down 5.9% this week.

Moving on to the fourth company to exit the benchmark index, we have Clinuvel Pharmaceuticals Ltd (ASX: CUV), with a market cap of $944 million. The biotech share is engaged in developing drugs for the treatment of genetic and vascular disorders. Clinuvel pays a slender 0.2% trailing dividend yield, fully franked. The share price is down 10.5% since Friday’s closing bell.

Also exiting the benchmark index

Fintech company EML Payments Ltd (ASX: EML) also departed the ASX 200 on Monday. EML payments has a market cap of $330 million. Shares are down 6.95% this week.

Next, we have Janus Henderson Group PLC (ASX: JHG), which has a market cap of $5.9 billion. The investment management services company pays a 6.2%, unfranked trailing dividend yield. The Janus Henderson share price has slipped 1.9% this week.

Coming in at number seven is Pointsbet Holdings Ltd (ASX: PBH), with a market cap of $641 million. Pointsbet, as the name implies, is a licensed corporate bookmaker with operations in Australia and the United States. The Pointsbet share price is down 2.8% since Friday’s closing bell.

And the final company to exit the ASX 200 on Monday is Zip Co Ltd (ASX: ZIP). The buy now, pay later (BNPL) stock has been particularly hard hit by rising interest rates this year, leaving it with a current market cap of $535 million. The Zip share price is down 10.9% this week.

The post 8 ASX 200 shares got kicked out of the index on Monday. How are they tracking? appeared first on The Motley Fool Australia.

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

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

More reading

• Why Imugene, Link, Newcrest, and Zip shares are dropping
• Guess how many companies in the ASX 300 actually make no money
• Why Accent, Bigtincan, Clinuvel, and IVE shares are dropping today
• Here are 3 ASX growth shares analysts rate as buys
• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher

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 positions in and has recommended Life360, Inc., Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/TLU6qKV

The S&P/ASX 200 Index (ASX: XJO) welcomed eight new companies on Monday morning.

The benchmark index also farewelled eight others.

That’s all part of the S&P Dow Jones Indices quarterly rebalance, following on from its September quarterly review, which seeks to maintain risks at targeted volatility levels.

The ASX 200, as you’re likely aware, is home to the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months they were replaced, on Monday, by other companies.

Below we look at the eight newest ASX 200 shares and how they’ve done since the closing bell last Friday. For context, the benchmark index is down 0.6% since then.

Joining the ASX 200 on Monday

The first new company to join the ASX 200 on Monday is Capricorn Metals Ltd (ASX: CMM), with a market cap of $1.07 billion. The resource explorer’s main focus is its Karlawinda Gold Project, located in Western Australia. The Capricorn Metals share price is down 1.05% since being added to its new benchmark index.

Next up we have Charter Hall Social Infrastructure REIT (ASX: CQE), with a market cap of $1.3 billion. The real estate investment trust primarily invests in early learning centres. Charter Hall pays a 4.94% trailing dividend yield, unfranked. The REIT’s share price is down 2.6% since Friday’s close.

The third company joining the ASX 200 this week is Johns Lyng Group Ltd (ASX: JLG), which has a market cap of $1.64 billion. Johns Lyng provides integrated building services in Australia. The company pays a 0.9% trailing dividend yield, fully franked. Shares are up 2.97% so far this week.

Moving on to the fourth new entrant, we have Karoon Energy Ltd (ASX: KAR), with a market cap of $1.16 billion. The oil and gas exploration and production company has projects in Australia and Brazil. The Karoon Energy share price has gained 3.48% since Friday’s close.

Also making the move

Also joining the ASX 200 this week is fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV). Lovisa has been powering higher in 2022 and now commands a market cap of $2.5 billion. Lovisa pays a 3.26% trailing dividend yield, partly franked. Shares are up 1.8% this week.

Next up is Smartgroup Corporation Ltd (ASX: SIQ), with a market cap of $723 million. The ASX tech share provides specialist employee management services like salary packaging and vehicle fleet management. The stock pays a 6.67% trailing dividend yield, fully franked. The Smartgroup share price is down 0.92% this week.

Coming in at number seven is Spark New Zealand Ltd (ASX: SPK), with a hefty market cap of $8.53 billion. The ASX telecom share is a leading provider of fixed line and mobile services in New Zealand. Shares are up 1.79% from where they were at Friday’s closing bell. Spark pays a 5.58% trailing dividend yield, unfranked.

And the final company to join the ASX 200 on Monday is Sayona Mining Ltd (ASX: SYA), which has a market cap of $2.2 billion. The resource company is primarily focused on lithium and graphite, with projects in Australia and Canada. Shares have tumbled 13.8% this week.

The post These 8 companies joined the ASX 200 on Monday. Here’s how they’re performing appeared first on The Motley Fool Australia.

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

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

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• What’s the outlook for ASX 200 retail shares as inflation begins to bite?
• Goldman Sachs names 2 ASX dividend shares to buy
• Here are the 3 most heavily traded ASX 200 shares on Monday
• The ‘in’ crowd: How are the ASX 200 newcomers performing today?

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 positions in and has recommended Johns Lyng Group Limited. The Motley Fool Australia has positions in and has recommended SMARTGROUP DEF SET. The Motley Fool Australia has recommended Johns Lyng Group Limited and Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

One word effectively sums up global and Australian share markets right now: Volatility. And when you have volatility in play, your chances of share price appreciation are lower.

That’s why we’ve seen a shift in interest away from ASX growth stocks to ASX value stocks in 2022.

Value stocks tend to be larger, established companies that pay great dividends. When the prospects of capital gains are lower, we investors tend to shift focus to generating good dividend income.

One ASX share offering juicy dividends right now is Westpac Banking Corp (ASX: WBC).

Westpac dividend forecasts

Today, the Westpac share price closed down along with the rest of the market.

Westpac finished 0.73% in the red at a share price of $21.73. The S&P/ASX 200 Index (ASX: XJO) finished down 1.56% to 6,700.2 points.

As my fellow Fool James reports, Goldman Sachs has slapped a buy rating on Westpac.

Goldman forecasts fully franked dividends of $1.23 per share in FY22 and $1.37 in FY23. Based on the current Westpac share price, that’s a grossed-up yield of 8.1% and 9%, respectively. That’s juicy.

The broker says Westpac is its preferred exposure amongst Australian and New Zealand financial equities. It likes the bank’s latest quarterly update and says it has “strong leverage to rising rates”.

As my Fool friend Brooke notes, rising rates typically allow banks to reprice their loans. This can bolster their net interest margins and profitability.

Like other ASX 200 banks, Westpac has been trying to cut costs to improve its profitability.

Goldman doesn’t think Westpac will achieve its $8 billion cost target for FY24. However, the analysts still forecast a 7% reduction in underlying expenses.

Morgan Stanley also rates Westpac a buy. It forecasts an FY22 dividend of $1.25 and an FY23 dividend of $1.30.

What about the Westpac share price?

Goldman Sachs has a share price target of $26.55 on Westpac shares. Based on today’s closing price, that’s a potential gain of 22% over the next 12 months.

Goldman Sachs said:

Westpac now offers the most upside of the banks over the next 12 months. Beyond this, we note the stock is trading at a 20% discount to peers, versus the historic average 2% discount.

UBS is neutral on Westpac shares with a $26 price target â€“ representing a potential 20% upside.

Citi has a buy rating and a $30 price target on Westpac shares. That’s a potential 38% upside.

The post Looking for juicy ASX dividends? This expert says Westpac shares are a buy appeared first on The Motley Fool Australia.

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

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

More reading

• Here’s why I decided to buy each of the big 4 ASX 200 bank shares
• Looking to buy CBA shares? Here’s how the bank’s balance sheet stacks up
• Westpac shares: Buy, hold, or fold?
• Brokers say these ASX 200 dividend shares are buys now
• Brokers name 3 ASX shares to buy today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/X5Qy7cT

The S&P/ASX 200 Index (ASX: XJO) tumbled to its lowest point since July today, hitting an intraday low of 6,695 points. As of the market’s close, it was down 1.56% at 6,700.20 points.

Its suffering followed a brutal night on Wall Street that saw the Dow Jones Industrial Average Index (DJX: .DJI) fall 1% and the S&P 500 Index (SP: .INX) slump 1.1%. The Nasdaq Composite Index (NASDAQ: .IXIC), meanwhile, dropped 0.9%.

Their tumble came as the United States prepared to learn of the Federal Reserve’s next interest rate decision.

The S&P/ASX 200 Materials Index (ASX: XMJ) was the Aussie bourse’s biggest weight on Wednesday, falling 2.64%. Only a handful of the market’s biggest material stocks closed in the green today.

The S&P/ASX 200 Energy Index (ASX: XEJ) also dragged on the index. It fell 0.8% after both the Brent crude oil price and the US Nymex crude oil price slumped 1.5% to US$90.62 a barrel and US$84.45 a barrel respectively.

Today’s top-performing sector was the S&P/ASX 200 Communication Services Index (ASX: XTJ), lifting 0.07%.

Plenty of ASX 200 shares posted decent gains today. Keep reading to find out which stock outperformed all others.

Top 10 ASX 200 shares countdown

The index’s top-performing share on Wednesday was Washington H Soul Pattinson and Co Ltd (ASX: SOL).

The investment house posted its financial year 2022 earnings this morning, detailing a 154% year-on-year increase in after-tax profits.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Washington H Soul Pattinson and Co Ltd (ASX: SOL)	$27.10	4.96%
Viva Energy Group Ltd (ASX: VEA)	$2.75	4.56%
Whitehaven Coal Ltd (ASX: WHC)	$8.96	3.82%
New Hope Corporation Limited (ASX: NHC)	$6.16	3.7%
BrainChip Holdings Ltd (ASX: BRN)	$0.91	2.82%
Telstra Corporation Ltd (ASX: TLS)	$3.84	1.05%
Pilbara Minerals Ltd (ASX: PLS)	$4.94	1.02%
Lake Resources NL (ASX: LKE)	$1.06	0.95%
Chalice Mining Ltd (ASX: CHN)	$4.03	0.75%
Event Hospitality and Entertainment Ltd (ASX: EVT)	$13.26	0.61%

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.

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

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

More reading

• These three ASX lithium shares defied Wednesday’s selloff
• Do BrainChip shares pay dividends?
• Why Air New Zealand, Cronos, Soul Patts, and Viva Energy shares are pushing higher
• 3 ASX 200 shares paying out ‘special’ dividends in 2022
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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 Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/inMa94z

The AGL Energy Ltd (ASX: AGL) share price closed lower on Wednesday. However, market onlookers are likely more concerned with what may lie ahead amid a tornado of developments.

At the final bell, shares in the energy retailer stood a little lower than where they finished up yesterday. Nursing a minor loss, AGL shares ticked down 2.3% to $6.87, taking the share price fall to 12.4% over the past month.

There’s a fair chance shareholders have grown anxious as rumblings turn into unravellings. On Monday, we reported on the company’s significant management overhaul. This included the exit of former chair Peter Botten AC, non-executive director Diane Smith-Gander AO. Additionally, CEO Graeme Hunt will bow out at the end of the month.

So, what is next on the cards for AGL?

Next steps to be revealed

The next significant item awaiting AGL shareholders is the company’s strategy day later this month. This is when the new-look management team will disclose the findings of its strategic review. In addition, investors will receive more detail on AGL’s FY23 earnings guidance.

Notably, the news could act as a major catalyst for the AGL share price. Albeit, that will be dependent on how it compares to expectations. Speaking of which, Barrenjoey analyst Dale Koenders is eyeing $269 million in net profits after tax (NPAT) to be guided for FY23.

This forecast was shared alongside the analyst’s upgrade to AGL, improving to neutral ahead of the update. However, Koenders caveated this with the belief of near-term risk and further headwinds.

On the positive side, the Barrenjoey analyst is optimistic shareholders could see an earnings recovery in FY25. Given weight to these claims, the team noted an expected benefit as the company rolls over to more attractive contract terms.

Regarding what might be discussed at the strategy day, Koenders said:

We expect the narrative of the strategy will focus on accelerating coal closure, investing significant capital in renewables, and an increase focus on customer engagement and Virtual Power Plants

What could weigh on the AGL share price?

Perhaps AGL’s management team wouldn’t put it quite this way, but Mike Cannon-Brookes has been loitering since becoming a substantial shareholder. Already, the newly elected chair, Patricia McKenzie, has had to field dissatisfaction with her placement from the tech entrepreneur’s Grok Ventures.

The venture capital arm kicked off by Cannon-Brookes highlighted that they want ‘fresh thinking’. Whereas, McKenzie was a part of a board that pitched the plans to separate AGL into two — a highly unpopular concept to Grok.

Instead, Cannon-Brookes wants AGL to reinvent itself with a greater emphasise on renewables. However, Koenders points out that this could be a risk to the AGL share price, saying:

The risk is that the narrative again underwhelms but highlights capital limitations and possible equity requirements to fund the transition.

The AGL share price is up nearly 9% year-to-date.

The post What’s next for AGL shares following the company’s latest shake-up? appeared first on The Motley Fool Australia.

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

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

More reading

• AGL share price dips following changing of the guard
• AGL share price slides amid shareholder revolt
• What’s going on with the AGL share price today?
• 5 things to watch on the ASX 200 on Tuesday
• The AGL share price has tumbled 16% in a month. What’s next?

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

Three ASX lithium shares outperformed the selloff seen in the materials sector and the broader market on Wednesday.

The S&P/ASX 200 Materials Index (ASX: XMJ) closed the day 2.64% lower while the S&P/ASX 200 Index (ASX: XJO) finished down 1.56%.

Most of these companies have made significant announcements amid their shares becoming buoyant over the past week.

Let’s cover which companies defied the market today.

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price closed 9.26% higher today. Although the company made no announcements today, or even recently, the Fool put the spotlight on the company earlier this month.

Argosy Minerals was included in a roundup of companies involved in graphite production, an emerging rival to lithium for its role in creating batteries. The company’s graphite production at its site in Namibia is currently stalled, pending review and funding opportunities.

Then on 5 September, the Fool reported Argosy Minerals made it into the S&P/ASX 300 Index (ASX: XKO) due to changes in the company’s market capitalisation.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara’s share price ended the day 1.02% ahead. There were no company announcements on Wednesday but yesterday, Macquarie analysts retained Pilbara’s outperform rating. They nominated a $5.60 price target for its shares, an appreciable 12.9% upside.

The impetus for Macquarie holding Pilbara’s outperform rating was said to be positive results posted from its battery metals exchange (BMX) auction. In September, Pilbara accepted a bid of US$6,988 per dry metric tonne for its lithium. That’s well up from the US$6,188 per dry metric tonne offer it received in July.

My Fool colleague James notes “this strong pricing appears to demonstrate that the insatiable demand for lithium is not cooling despite concerns about the potential for a global recession in the coming months”.

EV Resources Ltd (ASX: EVR)

Finally, the EV Resources share price finished flat today after carrying gains of 3.57% for most of the day. Shares lifted amid the company reporting it has discovered high-grade samples from its Christina tin-tungsten project in central Morocco.

On 8 September, it announced it had found high-grade lithium samples at its Austrian lithium projects. The samples taken reportedly tested for up to a 3.24% purity of lithium oxide.

EV Resources also has another horse in the race for lithium with a memorandum of understanding signed with Yahua International Investment and Development to supply spodumene concentrate.

The post These three ASX lithium shares defied Wednesday’s selloff appeared first on The Motley Fool Australia.

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

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

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Top brokers name 3 ASX shares to buy today
• Pilbara Minerals share price hits record high following lithium auction
• Pilbara Minerals share price on watch following BMX lithium auction
• 5 things to watch on the ASX 200 on Wednesday

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.

from The Motley Fool Australia https://ift.tt/WVK6Zbr

Perhaps rather surprisingly, the BrainChip Holdings Ltd (ASX: BRN) share price had a healthy day of gains during Wednesday’s trading session. This ASX All Ords share closed the day up a robust 2.82% at its intraday high of 91 cents a share.

It’s surprising because, in stark contrast, the All Ordinaries Index (ASX: XAO) had an absolute shocker, falling by a nasty 1.54%, just over 6,920 points.

It’s unclear why BrainChip shares had such a strong showing today. There wasn’t any news or announcements out of the ASX artificial intelligence company whatsoever.

But BrainChip has become an ASX share of interest for many investors in recent years. That’s probably thanks to the astronomical gains we saw from this company at the start of the year. On 31 December 2021, BrainChip was asking just 68 cents per share.

But by late January, the company’s share price had rocketed as high as $2.34 – the reigning record high. That was a gain of more than 200% in just a few weeks, certainly enough to draw some attention from investors. Since then, however, the story has been a far less lucrative one.

BrainChip is now down more than 60% from those January highs at the current pricing. But in saying that, BrainChip shares are still up a healthy 12.66% year to date in 2022.

With these eye-catching moves, many investors might be wondering if there are some dividend returns to enjoy from BrainChip shares as well. So do BrainChip shares pay dividends?

Where are BrainChip’s dividends?

Well, the answer to that question is short, but not so sweet: no. BrainChip does not currently pay a dividend. Nor has it ever.

If a company wishes to fund dividend payments, it usually must first be profitable. Doling out cash on dividends would usually be a highly irresponsible action for a company that is losing money on its bottom line.

And with BrainChip, we can see that this company is not even close to being consistently profitable. As my Fool colleague Matthew covered, BrainChip last month reported its half-year earnings for FY22.

This saw BrainChip declare an operating loss of US$8.56 million for the six months to 30 June 2022, down 1% year on year. That works out to be a loss per share of 46 US cents, or 66 cents in our currency.

So if you want a reason why BrainChip doesn’t fund dividend payments, look no further than those metrics.

Now, there’s nothing inherently wrong with a company posting a loss. Many growth shares run losses for years while they build up scale. And in those same earnings, BrainChip did announce revenues of US$4.83 million, up a healthy 529% year on year.

But until BrainChip starts making consistent profits on its bottom line, investors shouldn’t hold their breath for any dividend income.

The post Do BrainChip shares pay dividends? appeared first on The Motley Fool Australia.

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

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

More reading

• Why is the BrainChip share price lagging the ASX 200 on Monday?
• Why are ASX 200 tech shares being hit the hardest on Wednesday?
• Why is the BrainChip share price sinking 8% on Wednesday?
• Here are the top 10 ASX 200 shares today
• Have BrainChip shares been a good investment so far in 2022?

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

from The Motley Fool Australia https://ift.tt/ztTeL0j

If you’re looking to boost your income portfolio this week, then you may want to look at the shares listed below.

Here’s why these ASX dividend shares could be worth considering right now:

Elders Ltd (ASX: ELD)

The first ASX dividend share for income investors to consider is Elders. It is one of the leading agribusiness companies in the ANZ region.

The team at Goldman Sachs is very positive on the company and has a buy rating and $21.00 price target on its shares.

The broker likes Elders due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”

Goldman is also expecting some attractive dividends yields in the coming years. It is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.51, this implies attractive yields of 4% and 4.2%, respectively.

South32 Ltd (ASX: S32)

Another ASX dividend share that could be a top option for income investors is South32.

It is a mining giant with operations covering a range of commodities such as aluminium, coal, copper, manganese, and nickel. Many of these commodities are used in electric vehicles, which puts the company in a good position to benefit from the electric vehicle boom.

Morgans is a fan of the company and has an add rating and $5.50 price target on its shares. The broker likes South32 due to its attractive valuation, the de-risking of its growth portfolio, and its earnings-linked dividend policy.

It is expecting the latter to support some very big dividends in the coming years. Morgans is forecasting fully franked dividends per share of 29.4 cents in FY 2023 and 22.4 cents in FY 2024. Based on the current South32 share price of $3.90, this will mean yields of 7.5% and 5.75%, respectively.

The post Experts name 2 ASX dividend shares for income investors to buy appeared first on The Motley Fool Australia.

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

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

More reading

• Morgan Stanley just boosted its outlook for aluminium. Here’s which ASX shares have exposure
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Lake, Pushpay, South32, and Tyro shares are dropping
• Why a leading fund manager rates these 2 ASX 200 mining shares as buys
• Why is the South32 share price sinking 7%?

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 Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/7JBbtaU

If you’re not keen on stock picking, then exchange traded funds (ETFs) could be a good alternative.

This is because ETFs allow investors to buy large groups of shares through a single investment.

But which ETFs should you look at? Listed below are three quality ETFs that could be worth considering. Here’s what you need to know:

BetaShares Global Banks ETF (ASX: BNKS)

If you’re interested in gaining exposure to the banking sector as rates rise, then the BetaShares Global Banks ETF could be the way to do it. This ETF gives investors exposure to many of the world’s largest banks such as Bank of America, Barclays, Citigroup, HSBC, JPMorgan and Wells Fargo. It doesn’t, however, include Australian banks. So, if you’re looking to buy them, you may need to look for an Australian bank-focused ETF.

iShares Global Consumer Staples ETF (ASX: IXI)

One thing the share market isn’t short of right now is uncertainty. With rates rising rapidly across the globe, investors are bracing themselves for a potential global recession. Whether one comes or not is hard to say, but one thing we can say is that whatever happens in the economy the companies included in the iShares Global Consumer Staples ETF are likely to remain well-placed to navigate the crisis. That’s because this ETF gives investors exposure to many of the world’s largest global consumer staples companies such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart. Demand for these types of products is relatively consistent whatever is happening in the economy.

iShares S&P 500 ETF (ASX: IVV)

Finally, if you’re looking for a quick way to diversify your portfolio then you could consider the iShares S&P 500 ETF. This popular ETF gives investors access to 500 of the top listed U.S. companies. This means you’ll be buying a slice of companies such as Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.

The post 3 quality ETFs for ASX investors to buy now appeared first on The Motley Fool Australia.

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

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

More reading

• What does Warren Buffett think about investing in ETFs?
• 3 excellent ETFs for beginner investors to buy
• 3 wonderful ETFs for ASX investors to buy today
• Does the iShares S&P 500 ETF (IVV) pay dividends?
• 3 fantastic ETFs for ASX investors 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 positions in and has recommended BetaShares Global Banks ETF – Currency Hedged. The Motley Fool Australia has positions in and has recommended iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended iShares Trust – iShares Core S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/7KvfZsp