Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) fell 1.79% to finish the week at 8,786.5 points.

ASX investors are feeling increasingly pessimistic that the war in Iran will end anytime soon.

This was likely a factor behind the support for ASX 200 consumer staples and utilities shares last week.

Consumer staples and utilities are among the most defensive of the 11 market sectors during economic upheaval.

This is because staples and utilities companies have reliable income streams, given they sell essential goods and services.

Another sector considered somewhat defensive is real estate investment trusts (REITs), which lifted 0.14% last week.

The glaring exception among defensives last week was healthcare, a sector that continues to face multiple headwinds.

A 42% dive in Cochlear Ltd (ASX: COH) shares pushed the S&P/ASX 200 Health Care Index (ASX: XHJ) to a 6-year low last week.

Technology also finished just inside the green, as the sector continues its rebound from a prolonged downturn.

Iran war drags on

Oil and gas prices spiked 15% to 18% and ASX 200 shares spent four consecutive days in the red last week.

The world is anxiously awaiting news of when a second round of US-Iran peace talks will begin.

Lucinda Jerogin, Associate Economist at CBA, said:

… fundamentally the situation has not changed; no talks, no fighting and no ships passing through the Strait of Hormuz.

Iran has stated it will neither reopen the Strait nor engage in negotiations until the US lifts its naval blockade.

The longer the Strait remains closed, the greater the costs to the world economy through higher energy prices and supply chain disruptions.

The International Monetary Fund (IMF) has warned of a global recession given the long-tail impact of energy shocks.

In Australia, expectations of higher inflation and more interest rate rises do not bode well for the economy.

The market is factoring in a 69% chance of a rate rise next month. Meanwhile, consumer confidence has tanked.

The Westpac-Melbourne Institute Consumer Sentiment Index recorded its biggest fall in five years this month.

All of these broader macroeconomic concerns likely contributed to support for ASX 200 defensive sectors last week.

Consumer staple shares led the ASX sectors last week

The sector's largest stock, Woolworths Group Ltd (ASX: WOW), gained 2.99% to finish at $37.89 per share on Friday.

The Coles Group Ltd (ASX: COL) share price rose 2.31% to $23.06.

IGA network owner Metcash Ltd (ASX: MTS) fell 2.76% to $2.82 per share.

Endeavour Group Ltd (ASX: EDV) shares rose 7.36% to $3.50.

The A2 Milk Company Ltd (ASX: A2M) share price edged 0.94% lower to $7.40.

ASX 200 wine share Treasury Wine Estates Ltd (ASX: TWE) lifted 12.22% to $4.50 on news of a revised operating model.

Inghams Group Ltd (ASX: ING) shares fell 0.5% to close at $1.98 on Friday.

Bega Cheese Ltd (ASX: BGA) shares eased 0.51% to $5.87.

Almond food producer Select Harvests Ltd (ASX: SHV) rose 0.54% to $3.75 per share.

Cobram Estate Olives Ltd (ASX: CBO) shares lifted 1.69% to $3.61.

ASX 200 agricultural share Graincorp Ltd (ASX: GNC) increased 0.79% to $6.40.

The Elders Ltd (ASX: ELD) share price fell 2.13% to $7.35.

Stock feed producer Ridley Corporation Ltd (ASX: RIC) lifted 4.46% to $2.81.

The Australian Agricultural Company Ltd (ASX: AAC) lost 2.24% to finish the week at $1.31.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post Nervous investors turn to ASX 200 defensives as global energy shock drags on appeared first on The Motley Fool Australia.

Sometimes it's the under-researched, smaller businesses that can outperform large ASX blue-chip shares over the long-term because they have a stronger growth runway, yet they're not priced for that level of success.

The two businesses I'm going to talk about are ones that the investment team in charge of the listed investment company (LIC), WAM Capital Ltd (ASX: WAM), likes.

That LIC is looking to find the most compelling undervalued growth opportunities in the Australian market. Let's look at those the WAM team recently highlighted in a monthly update. 

Cobram Estate Olives Ltd (ASX: CBO)

The Wilson Asset Management (WAM) investment team describes Cobram Estate Olives as a leading Australian food and agribusiness company that specialises in olive farming, the production and marketing of premium-quality extra virgin olive oil.

The Cobram Estate Olives share price rose in March after completing the acquisition of California Olive Ranch, expanding its US footprint, and increasing exposure to a large, growing premium olive oil market. The deal was recently given US anti-trust approval, which had been an overhang on the deal.

This acquisition is expected to more than double the ASX share's Californian footprint, broaden its customer base, and deliver "meaningful operational synergies and earnings growth over time".

WAM said the Cobram Estate Olives share price rose during March because of reduced execution risk, improved visibility on transaction completion, and confidence in the long-term growth profile of the enlarged US-focused business.

According to the forecast on CMC Invest, the business is valued at 24x FY27's estimated earnings.

GemLife Communities Group (ASX: GLF)

Another business that WAM likes – and it was a top 20 position in the WAM Capital portfolio at the end of March 2026 – is GemLife Communities.

This ASX share is a developer, builder, owner, and operator in Australia's land lease community (LLC) sector. It provides resort-style communities for homeowners aged 50 and over.

During March, the GemLife Communities share price fell 17%, partly because the business released its FY25 results after a period of strong performance following its listing on the ASX in July 2025.

WAM believes the pullback reflected a combination of investor profit-taking and broader market weakness in interest rate-sensitive real estate stocks amid ongoing interest rate uncertainty.

Despite the pullback, the fund manager remains "positive" on the group's outlook, supported by a strong development pipeline, favourable demographic tailwinds, and an integrated operating model that "underpins recurring revenue and margin expansion".

Solid sales momentum and disciplined capital management further support WAM's view that the ASX share can deliver long-term earnings growth.

The post 2 little-known ASX shares that could make big returns appeared first on The Motley Fool Australia.

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

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 3% to $3.05. Investors have been buying the olive producer's shares following the release of an update on its proposed acquisition of US-based California Olive Ranch. It is the leading producer and marketer of Californian extra virgin olive oil. The company revealed that it has successfully completed the United States Department of Justice anti-trust review and may proceed with the acquisition. As a result, completion of the transaction is expected to occur on or before 26 March, with integration to commence immediately thereafter.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is up 14% to $11.27. This has been driven by the announcement of new counter-drone orders from the Middle East. The two new unconditional orders for counter-drone systems have a total value of US$45 million (A$64 million). It stated: "This sale is to an established customer country in the Middle East and the customer is a large, established defence prime contractor with several large-scale government and export contracts. The customer has requested that EOS do not disclose the customer identity due to national security considerations."

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is up 4.5% to $10.23. This may have been driven by a broker note out of Morgans. As we covered here, the broker has upgraded the fund manager's shares to a buy rating with an improved price target of $12.43. It said: "We think the Barrenjoey merger fundamentally changes MFG's overall outlook, strengthening the business and providing additional pathways to growth. MFG also retains a strong balance sheet (~A$690m of liquidity, post deal). Move to a BUY."

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is up 3% to $157.99. Another broker note from Morgans could also be helping this mining giant's shares today. It has upgraded Rio Tinto's shares to a hold rating with a $147.00 price target. It said: "The recent share price pullback closes the valuation stretch, while a lift in our medium-term iron ore assumption from US$80/t to US$85/t provides a firmer earnings floor. RIO remains a top-tier diversified miner. Not cheap enough for a BUY, but the pullback removes the overshoot that justified TRIM."

The post Why Cobram Estate, EOS, Magellan, and Rio Tinto shares are storming higher today appeared first on The Motley Fool Australia.

The halt comes as the olive oil producer prepares to provide an update regarding a major overseas acquisition.

Before trading was paused, Cobram Estate shares finished Tuesday's session down 0.34% to $2.96. The stock has had a difficult start to the year and is now down around 26% in 2026.

Here's what investors need to know.

Trading pause requested before market open

In an announcement released this morning, Cobram Estate confirmed it had requested a temporary halt in trading of its shares.

The company said the move comes as it prepares an update on conditions tied to its proposed acquisition of California Olive Ranch.

Management said the pause will help it manage its disclosure obligations and ensure trading occurs on an informed basis while discussions continue.

Trading will remain suspended until the earlier of two events. These include the release of an announcement to the market or the resumption of normal trading on Friday.

Investors should expect further news from the company within the next couple of days.

Major US acquisition remains in focus

Cobram Estate first revealed plans to acquire California Olive Ranch last year in a deal valued at about $259 million.

The transaction would significantly expand the company's footprint in the United States and strengthen its position in the global olive oil market.

California Olive Ranch is one of the largest olive oil producers in the United States. The deal would represent a strategically important step for the Australian grower.

However, earlier this year, Cobram Estate confirmed that the transaction had attracted attention from the United States Department of Justice (DOJ).

The company said it had been responding to voluntary requests for information from the regulator as part of the normal review process.

Cobram Estate previously noted that it had been having productive discussions with the DOJ as the review progresses.

What does Cobram Estate do?

Cobram Estate is an Australian agricultural company focused on the production and marketing of extra virgin olive oil.

The business operates large-scale olive groves and production facilities in both Australia and the United States. It sells olive oil under several branded and private label products across domestic and international markets.

At the current share price, Cobram Estate has a market capitalisation of roughly $1.4 billion.

Despite the company's long-term expansion strategy, the stock has struggled in 2026 and remains well below levels reached earlier this year.

Attention will now turn to further details on the California Olive Ranch acquisition when trading resumes later this week.

The post Why the Cobram Estate share price is halted today appeared first on The Motley Fool Australia.

Defensive stocks are typically shares in established, dividend-paying companies that generate relatively stable profits regardless of broader economic conditions. 

They are commonly found in sectors such as consumer staples, healthcare, utilities, and parts of the food and beverage industry. 

The argument for these companies is simple. 

Everyday consumers still need these essential goods and services regardless of broader economic factors. 

As a result, demand for their offerings tends to remain relatively steady during downturns.

If you are focussed on gaining exposure to these kinds of companies, here are three to consider. 

Woolworths Group Ltd (ASX: WOW)

As of 2025, Woolworths was the leading supermarket choice for 34% of Australians. 

This market share puts the company in a strong position amidst broader economic headwinds. 

Woolworths shares are often referred to as defensive shares, as the share price can act as a potential buffer against economic downturn given the nature of its primary business activities. 

Even in an economic downturn, there is still demand for food, toiletries, and other essentials.

Furthermore, the company has just come off a robust earnings season, posting strong results leading to increased investor confidence. 

The share price is subsequently up nearly 19% thanks to these results. 

It also recently increased its dividend.

Transurban Group (ASX: TCL)

Transurban is one of the world's largest toll-road operators, managing and developing urban toll-road networks in Australia and North America.

These toll roads are a key part of daily transport networks in cities such as Sydney, Melbourne, and Brisbane, as well as parts of North America. 

Because commuters, freight vehicles, and businesses rely on these roads for everyday travel and logistics, traffic volumes tend to remain relatively stable even during periods of economic weakness.

Another reason Transurban is seen as defensive is its predictable and long-term revenue structure.

The company typically holds long-duration concessions to operate toll roads, often lasting several decades. These agreements provide visibility over future earnings, and many include mechanisms that allow toll prices to increase annually, sometimes linked to inflation.

It also posted strong results in February, reinforcing its market strength and reliable earnings. 

This ASX defensive stock is up a healthy 9% over the last 12 months. 

Cobram Estate Olives Ltd (ASX: CBO)

Another consumer staples stock worth considering is Cobram Estate. 

It is a producer and marketer of premium quality extra virgin olive oil. It owns two Australian brands, Cobram Estate and Red Island, which account for about half of the olive oil market share in Australian supermarkets by value.

While it's less of an essential item compared to the previous two defensive stocks above, it has a positive outlook from analysts. 

Additionally, it operates with a vertically integrated business model. Cobram Estate manages much of the production process itself—from growing olives in large-scale groves to processing and packaging olive oil.

This can help manage costs more effectively than companies relying on third-party growers or external suppliers for raw materials and production

After surging 100% higher in 2025, it has since lost ground. 

Analysts are projecting a 9% increase over the next 12 months. 

The post Rotating into defensive stocks? 3 ASX companies to consider appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up 4% to 59.7 cents. This copper miner's shares have been pushing higher this week thanks to an announcement relating to its Constellation Project. That announcement revealed that Aeris Resources has been granted development consent from the NSW Department of Planning, Housing and Infrastructure. Commenting on the news, Aeris Resources' executive chair, Andre Labuschagne, said: "Receiving development consent represents a key milestone for the project." Labuschagne added: Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 1.5% to $4.08. This olive oil producer's shares have been on fire this week thanks to news that it has signed an agreement to acquire California Olive Ranch. It is a leading producer and marketer of Californian extra virgin olive oil. Cobram Estate Olives has agreed to pay a total consideration of US$173.5 million for the acquisition. This comprises cash of US$88.5 million, the issuance of vendor notes worth US$70 million, and an earn-out payment US$15 million. Speaking about the deal, Cobram Estate Olives' chair, Rob McGavin, said: "The acquisition of California Olive Ranch, Inc., delivers a compelling set of strategic and financial benefits for CBO. It immediately expands our Californian olive growing footprint from approximately ~1,422 hectares to around ~3,292 hectares of planted groves, while accelerating sales growth through the addition of well-established, premium household brands."

Electro Optic Systems Holdings Ltd (ASX: EOS)

The Electro Optic Systems share price is up 3% to $9.42. Last week, this defence and space company announced a binding contract to deliver Remote Weapon Systems (RWS) to a prime contractor for integration onto a major U.S. Army ground combat vehicle. It revealed that the multi-year agreement with General Dynamics Land Systems includes RWS hardware, development, spare parts and training. The initial contract is for US$22m (approximately A$33 million). EOS shares are up over 600% in 2025.

Robex Resources (ASX: RXR)

The Robex Resources share price is up almost 5% to $5.75. This follows news that the gold miner's shareholders have approved its proposed merger with Predictive Discovery Ltd (ASX: PDI). Robex's managing director and CEO, Matthew Wilcox, said: "This has been a defining 10 days for Robex. On December 21, we achieved the first gold pour at Kiniero, and today, December 30, our shareholders approved the merger with Predictive. These two milestones demonstrate our ability to execute and position the combined company for rapid growth."

The post Why Aeris Resources, Cobram Estate, EOS, and Robex shares are charging higher today appeared first on The Motley Fool Australia.

The olive oil producer's share price is surging 17.48% to $3.83 following fresh broker commentary on the company's recently announced US acquisition.

So, what's driving the renewed interest, and why are brokers becoming more optimistic on the outlook?

One broker changes its tune

According to the release this morning, Ord Minnett has upgraded Cobram Estate shares to buy, from accumulate.

The broker also lifted its price target by 4% to $3.65 per share, reflecting improved earnings expectations following the company's latest strategic move.

While the upgraded target still sits slightly below the current share price, the shift in recommendation is notable. It suggests Ord Minnett now has greater confidence in Cobram Estate's medium-term earnings profile and execution.

A big step forward in the US

Last week, Cobram Estate announced it had entered a binding agreement to acquire California Olive Ranch, the leading producer and marketer of Californian extra virgin olive oil.

The business operates a vertically integrated model, spanning olive cultivation, milling, bottling, storage, and distribution. It also owns the number one selling Californian-produced extra virgin olive oil brand in the US.

Management expects California Olive Ranch to generate around US$150 million in net revenue and US$16 million in EBITDA in FY2026, before synergies.

Importantly, Cobram Estate expects the acquisition to be around 9% EPS accretive from FY2027, the first full year of ownership.

Synergies are forecasted to reach US$12 million in FY2027, rising to more than US$20 million annually by FY2030. This is expected to be driven by higher olive oil yields, lower grove costs, and operational efficiencies.

Supply improves as US operations scale

Alongside the acquisition, Cobram Estate also provided an update on its US supply position.

The company has completed its FY2026 Californian harvest and secured 3.8 million litres of olive oil supply for the next 12 months. That represents a 27% increase compared to last year, helping improve supply certainty for customers.

Production volumes were broadly in line with FY2025, despite lighter crops from some third-party growers. Importantly, output from Cobram Estate's own groves continues to lift as assets mature and yields improve.

Foolish Takeaway

Cobram Estate's share price has already had a strong run, and short-term volatility is always possible after a sharp move.

However, the bigger picture is becoming clearer. The company has meaningfully expanded its US footprint, strengthened its supply position, and outlined a clear pathway to earnings growth through scale and synergies.

That combination appears to be winning brokers back over.

While the stock may not look cheap on every metric, Cobram Estate is now a larger, more diversified business with increasing exposure to the attractive US market.

After this week's broker upgrade, it's easy to see why investors are taking a fresh look heading into 2026.

The post Why is Cobram Estate rocketing 17% today? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up 10% to 60 cents. This morning, the copper miner announced that its Constellation Project has been granted development consent from the NSW Department of Planning, Housing and Infrastructure. Aeris Resources' executive chair, Andre Labuschagne, said: "Receiving development consent represents a key milestone for the project." Labuschagne added: Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 16% to $3.79. Investors have been buying this olive oil producer's shares since it announced an agreement to acquire California Olive Ranch. It is the leading producer and marketer of Californian extra virgin olive oil. The company has agreed a total consideration of US$173.5 million. This comprises cash of US$88.5 million, the issuance of vendor notes worth US$70 million, and an earn-out payment US$15 million. Cobram Estate Olives' chair, Rob McGavin, said: "The acquisition of California Olive Ranch, Inc., delivers a compelling set of strategic and financial benefits for CBO. It immediately expands our Californian olive growing footprint from approximately ~1,422 hectares to around ~3,292 hectares of planted groves, while accelerating sales growth through the addition of well-established, premium household brands."

Metallium Ltd (ASX: MTM)

The Metallium share price is up 4.5% to 98.2 cents. This follows news that the critical and precious metals company has commenced commissioning at its Texas Technology Campus. Management believes this milestone represents a major step in de-risking its U.S.-based critical-metals recovery platform. It notes that commissioning activities are progressing in parallel with ongoing construction works to support future expansion.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 11% to $5.45. This morning, this semiconductor company revealed that it has signed a licensing agreement for its ReRAM technology with Texas Instruments (NASDAQ;:TXN). In addition, the company released revenue guidance for FY 2026, revealing that it expects revenue of at least $10 million. The company's CEO, Coby Hanoch, said: "This agreement is another strong signal that the industry is moving towards ReRAM as the successor to flash memory in SoC designs."

The post Why Aeris Resources, Cobram Estate Olives, Metallium, and Weebit Nano shares are racing higher today appeared first on The Motley Fool Australia.

It is a producer and marketer of premium quality extra virgin olive oil. It owns two Australian brands, Cobram Estate and Red Island, which account for about half of the olive oil market share in Australian supermarkets by value.

The company also produces and markets other premium brands in both Australia and the US.

The company has export customers in roughly 17 countries. 

At the time of writing, shares are trading at roughly $2.89 each. 

A down couple of months 

Back in September, the company announced the successful raising of $175 million from institutional investors. 

The company said the money will be used to speed up the company's growth in the US by buying more farmland and planting about 1,600 hectares of new olive groves in California by 2027.

This expansion will lift total Californian plantings to ~3,600 hectares and increase expected annual olive oil production to over 9 million litres at maturity (versus about 0.5 million litres currently).

Following this, the stock price rose to yearly highs of roughly $3.64, but since then have declined almost 20%. 

Yesterday, broker Bell Potter released updated guidance on the consumer staples company. 

Here's what the broker had to say. 

Cost pressures for Cobram Estate

In the report from Bell Potter, the broker said CBO is facing input cost pressures, most notably from water prices. 

These have almost doubled year-on-year to around $268/ML. This is well above the company's FY25 average of $139/ML and expected to remain elevated. 

Fertiliser and crop protection costs are also showing modest inflation, adding further pressure to near-term margins.

Earnings changes 

Bell Potter has adjusted its earnings per share (EPS) forecasts for this consumer staples stock. 

Its EPS changes are -3% in FY26e, -2% in FY27e and -6% in FY28e. 

This is due to lower third-party US volumes, expanded orchard development, changes to orchard depreciation, higher crop growing costs in Australia and the dilution impact of the recent equity raise.

Hold recommendation from Bell Potter

Based on this guidance, Bell Potter has maintained its hold rating on Cobram Estate Olives shares. 

The broker also has maintained its target price of $2.89. 

This indicates the consumer staples stock is trading at fair value. 

The broker said it is currently trading at 32 x FY26 earnings, which is not compelling given its its growth profile. 

The post What's Bell Potter's updated view on this booming consumer staples stock? appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall on Tuesday following a poor start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 30 points or 0.35% lower. In late trade in the United States, the Dow Jones is down 0.55%, the S&P 500 is 0.5% lower, and the Nasdaq has fallen 0.35%.

Oil prices fall

It could be a poor session for ASX 200 energy shares such as Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 2.1% to US$58.81 a barrel and the Brent crude oil price is down 2.1% to US$62.44 a barrel. This was driven by optimism over the Russia-Ukraine peace deal.

Reserve Bank meeting

All eyes will be on the Reserve Bank of Australia today when it makes a decision on Australian interest rates. According to the ASX 30 Day Interbank Cash Rate Futures December 2025 contract, the market is pricing in only a 3% chance of a rate cut at today's meeting. The big question, though, is whether the central bank will give hints about whether the cuts are over and hikes are coming in 2026.

Hold Cobram shares

Cobram Estate Olives Ltd (ASX: CBO) shares are a fairly valued according to analysts at Bell Potter. This morning, the broker has reaffirmed its hold rating and $2.90 price target on the olive oil producer's shares. It said: "There is no change to our Hold rating. While offering ~10% EPS CAGR to FY28e (on a R24M basis), CBO trades at ~32x FY26e EPS (R24MA basis). This multiple vs. growth equation does not stand out as relative value in the sector."

Gold price falls

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a subdued session on Tuesday after the gold price fell overnight. According to CNBC, the gold futures price is down 0.6% to US$4,216.7 an ounce. Traders appear cautious ahead of the US Federal Reserve's interest rate decision this week.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

29Metals Ltd (ASX: 29M)

The 29Metals share price is up 3.5% to 43.5 cents. This follows the release of results from Near Mine Exploration, Resource Extension, and Resource Conversion drilling at Golden Grove. According to the release, the drilling highlights the Cervantes mineralised system's potential as a high-quality future growth option at Golden Grove. 29Metals' CEO, James Palmer, said: "Many of the high-grade Resource Extension results released today are in easily accessible areas of Gossan Hill, which in addition to mine life extensions, provides opportunity to leverage existing underground infrastructure and development to build flexibility into the Golden Grove life of mine plan."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 2% to $3.30. This is despite the olive oil producer raising capital today. The company has successfully completed an institutional placement to raise $175 million at $3.20 per new share. It will also now launch a non-underwritten share purchase plan to raise up to a further $10 million. The proceeds will be used to accelerate the execution of its growth strategy in the United States, including the purchase of additional freehold farmland and the development of approximately 1,600 hectares of olive groves on this additional land.

Ora Banda Mining Ltd (ASX: OBM)

The Ora Banda Mining share price is up 9% to $1.15. Investors have been buying this gold miner's shares following the release of drilling results from the Sand King operation. Ora Banda's managing director, Luke Creagh, said: "We started the Sand King Underground mine on a reserve of 55,000 oz and our initial thinking was that it would be a support play to our main underground operation at Riverina. However, these remarkable hits from step out drilling, coupled with consistent resource infill drilling intercepts, show that Sand King Underground is bigger than we first thought and that the tenor of the mineralisation is potentially higher than initially expected."

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is up 2.5% to $13.95. This morning, this radiopharmaceuticals company revealed that it has reached an agreement with the United States Food and Drug Administration (FDA) regarding the resubmission of its New Drug Application (NDA) for TLX101-CDx (Pixclara). It is an investigational agent for the imaging of glioma, a rare and life-threatening brain cancer. The company also confirmed its plan to resubmit the NDA during the fourth quarter of 2025.

The post Why 29Metals, Cobram Estate, Ora Banda, and Telix shares are rising today appeared first on The Motley Fool Australia.

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

Beetaloo Energy Australia Ltd (ASX: BTL)

The Beetaloo Energy share price is down 2% to 23 cents. This is despite the energy company announcing that hydraulic stimulation has been successfully completed by Halliburton on Beetaloo Energy's Carpentaria-5H well in Beetaloo Basin permit EP 187. This follows a 20-day campaign. The company will now undertake a coiled tubing run to clean out the well bore and initial flow back followed by shut-in for soak until mid-August.

Botanix Pharmaceuticals Ltd (ASX: BOT)

The Botanix Pharmaceuticals share price is down 46% to 16.75 cents. Investors have been selling this clinical dermatology company's shares following the release of a sales update. Botanix revealed that it has generated gross sales of $25 million for its Sofdra topical gel since its launch in January. The company's executive chairman, Vince Ippolito, was pleased with the launch. He said: "We are pleased with the overall performance of Sofdra since its launch in February 2025. The launch trajectory of Sofdra is trending in a positive direction, and we expect continued growth." However, it seems that these sales are well short of the market's expectations. Sofdra is the first and only new chemical entity approved by FDA to treat primary axillary hyperhidrosis (excessive sweating).

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is down 2.5% to $2.38. This appears to be a case of profit taking after a strong gain on Monday following an impressive business update. In addition, this morning, the team at Ord Minnett downgraded the olive oil producer's shares to an accumulate rating with a $2.66 price target.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price is down almost 1.5% to $11.41. This may have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has retained its underweight rating and $9.46 price target on the company's shares. This implies potential downside of 17% from current levels. Though, it concedes that it could be a little more positive if rumours of GBP10 billion demerger of Kraken Technologies by Octopus Energy prove to be correct.

The post Why Beetaloo, Botanix, Cobram Estate, and Origin Energy shares are falling today appeared first on The Motley Fool Australia.

The olive oil producer saw its share price up about 10% at one point during morning trade.

Australia's largest vertically integrated olive farmer is forecasting underlying EBITDA of approximately $115 million for FY25.

That would see company realise an earnings increase of around 72% on its FY24 figure.

Cobram posted EBITDA of $66.7 million for FY24, which represents an increase of about 63% on the company's result for FY23.   

Bumper crop

Cobram stated its 2025 Australian olive harvest produced 14.2 million litres of oil  from 80,000 tons of olives.

The company, with farms in Australia and the United States, also stated it secured an additional 1.1 million litres of olive oil from other Australian millers.

A Cobram spokesperson said that brings the company's total olive oil production from its 2025 Australian harvest to 15.3 million litres.

Due to the natural biennial cycle of olive yields, 2025 was, as expected, a higher-yielding crop year ('on-year') in most of CBO's Australian olive groves.

Our total production (CBO's and long term third party processed) was 10.2% higher than our last 'on-year' harvest in 2023 of 12.9 million litres.

A strong past 12 months

It's been a good year for Cobram shareholders, with the company's share price gaining about 40% over the past 12 months.

Cobram shares are now changing hands for around $2.34 each, an all-time high.

Cobram owns a portfolio of premium olive oil brands including Cobram Estate and Red Island.

The company's olive farming assets include over 2.6 million olive trees planted on 7,000 hectares of farmland in central and north-west Victoria.

Cobram also has 790,000 trees planted on 1,025 hectares of long-term leased and freehold properties in California.

The company also owns mills and bottling facilities, in addition to other farming assets, firmly positioning Cobram as a leader in the Australian olive industry.

And the company is pushing ahead with its expansion plans.

Cobram recently acquired farming machinery business Leda Ag in a deal worth around $5 million.

The olive oil producer stated the acquisition of its former partner will allow Cobram to realise significant "cost savings and operational efficiencies" in Australia and the US.

The post Why this consumer share is up 10% on earnings guidance appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Bellevue Gold Ltd (ASX: BGL)

The Bellevue Gold share price is up 3.5% to 95.7 cents. Investors have been buying this gold miner's shares following the release of its quarterly update. The company revealed that it had a strong finish to the year and exits FY 2025 with record production rates.It advised: "Gold production for the June 2025 quarter was 38,941oz, following a record 287k tonnes processed at 4.5 g/t and 94.4% recovery. During the month of June 2025, recoveries were ~95% following modifications implemented as part of the plant upgrade during the quarter."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up almost 12% to $2.40. Investors have been buying the olive oil company's shares following the release of a business update. According to the release, the company has completed its 2025 Australian olive harvest. This has seen it mill over 80,000 tons of olives, which has resulted in total olive oil production of 14.2 million litres. This is up from 10.1 million litres in 2024. In addition, the company released its full year results forecast. It expects underlying EBITDA of $115 million for FY 2025. This is up 72% from $66.7 million in FY 2024.

Hub24 Ltd (ASX: HUB)

The Hub24 share price is up almost 3.5% to $94.90. This appears to have been driven by the release of a broker note out of UBS this morning. According to the note, the broker has upgraded Hub24's shares to a buy rating (from neutral) with an improved price target of $105.00 (from $74.00). The broker is positive on the outlook for specialty investment platforms and has a preference for Hub24 due to its strong adviser growth.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is up 4% to $4.00. This morning, this infection prevention company announced the launch of two new products. The first is the new trophon3 product, which delivers a range of new customer benefits while maintaining the highest standard in clinical efficacy for patient safety. The other product is trophon2 Plus. It is a new software upgrade package that makes all the key new trophon3 features available to existing trophon2 users for upgrade. Nanosonics' CEO and President, Michael Kavanagh, said: "trophon3 and trophon2 Plus set a new benchmark in automated high-level disinfection for ultrasound transducers, upholding the trophon technology's market leadership position."

The post Why Bellevue Gold, Cobram, Hub24, and Nanosonics shares are pushing higher appeared first on The Motley Fool Australia.

Every one of the 11 market sectors recorded gains over the week, with consumer staples the strongest cohort, up 3.9%.

Last week's recovery followed four weeks of falls that left the ASX 200 on the brink of an official market correction.

A correction is defined as a 10% fall from the most recent peak.

The benchmark index fell 9.43% from its record closing high on 14 February to what appears to have been the trough on 13 March.

Global markets fell over the month as concerns rose about US tariffs potentially creating a trade war and sending the US into recession.

Last Thursday, the US Federal Reserve's decision to keep interest rates on hold at 4.25% to 4.5% seemed to lift market sentiment.

In Australia, the news prompted the largest rally in ASX 200 shares in nine weeks.

Investors were also comforted by US Fed Chair Jerome Powell stating that historically, inflation created by tariffs can be "transitory".

Judging by the strength of the market rebound, it appears many ASX 200 investors were prompted to buy the dip last week.

There were plenty of good options, with several ASX 200 blue-chip shares trading at multi-year lows following the sell-off.

And here's a fun fact for you: Did you know that one market sector actually gained value during the sell-off?

Let's recap the week.

ASX consumer staples shares lead the recovery

Let's start our coverage of the ASX 200 consumer staples sector with the supermarket shares.

Last week, the sector's biggest stock, Woolworths Group Ltd (ASX: WOW), ripped 7.6% higher to finish at $29.93 per share on Friday.

The Coles Group Ltd (ASX: COL) share price lifted 4.51% to close at $19.46.

Shares in IGA network owner Metcash Ltd (ASX: MTS) rose 4.93% to $3.19 per share on Friday.

Looking at some ASX 200 food and milk shares now…

Bega Cheese Ltd (ASX: BGA) shares rose 4.4% to $5.24 per share.

Shares in poultry producer Inghams Group Ltd (ASX: ING) lifted 0.3% to $3.12 per share.

Synlait Milk Ltd (ASX: SM1) shares rose 7.7% to 92 cents, while A2 Milk Company Ltd (ASX: A2M) sank 7.1% to $8.13.

Shares in olive oil producer Cobram Estate Olives Ltd (ASX: CBO) fell 1.8% to $1.89 apiece.

Onto the ASX 200 wine shares and alcohol retailers…

The Treasury Wine Estates Ltd (ASX: TWE) share price slipped 1.3% to finish the week at $9.95.

Shares in BWS and Dan Murphy's owner Endeavour Group Ltd (ASX: EDV) fell 2.4% to $4.02.

Among the ASX 200 agricultural shares…

The Graincorp Ltd (ASX: GNC) share price rose 2.5% to finish the week at $7.02.

Shares in stock feed producer Ridley Corporation Ltd (ASX: RIC) lifted 2.8% to $2.56 per share.

The Elders Ltd (ASX: ELD) share price lost 2.7% to close at $6.89 on Friday.

The Australian Agricultural Company Ltd (ASX: AAC) share price fell 4.2% to $1.48.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 rebounds as investors seek bargains following market sell-off appeared first on The Motley Fool Australia.

Meantime, some brokers changed their ratings on various ASX stocks before heading off on holidays.

Here are six ASX All Ords shares that market analysts on the CommSec trading platform upgraded to a consensus 'strong buy' rating last month.

6 ASX All Ords shares lifted to 'strong buy' status

Telstra Group Ltd (ASX: TLS)

Analysts upgraded their consensus rating on Telstra shares to a strong buy on 23 December.

The Telstra share price is $4.02, up 0.25%.

Goldman Sachs has a buy rating on Telstra with a 12-month share price target of $4.50. This implies a potential 12% upside for investors in 2025.

In a new note, analysts Kate Hannan and Annabel Li discussed the recent sale of Foxtel to global sports streaming platform, DAZN for $3.4 billion.

Under the deal, Telstra will also sell its minority stake in Foxtel. It will receive $128 million in cash to repay a loan, as well as an approximate 3% shareholding in DAZN.

Hannan and Li explained their buy rating on Telstra shares:

We believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive.

We also believe that Telstra has a meaningful medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets — which we estimate could be worth between A$22-33bn.

The ASX All All Ords telecommunications share is up 1.01% over the past 12 months.

Liberty Group (ASX: LFG)

Analysts upgraded their consensus rating on Liberty Group shares to a strong buy on 13 December.

The Liberty share price is currently steady at $3.32.

The ASX All Ords financial share is down 19.2% over the past 12 months.

Integral Diagnostics Ltd (ASX: IDX)

Analysts upgraded their consensus rating on Integral Diagnostics shares on 27 December.

The Integral Diagnostics share price is trading at $2.91 on Thursday.

Bell Potter is among the analysts with a buy rating on this ASX All Ords healthcare stock.

The broker has a 12-month price target of $3.87, implying a potential upside of 33% for the medical imaging company in 2025.

The ASX All Ords healthcare share is up 50.7% over the past 12 months.

Helloworld Travel Ltd (ASX: HLO)

Analysts on CommSec upgraded their consensus rating on Helloworld shares on 13 December.

The Helloworld Travel share price is currently $1.97, up 0.87%.

The ASX All All Ords travel share is down 19.2% over the past 12 months.

Paradigm Biopharmaceuticals Ltd (ASX: PAR)

Analysts upgraded their consensus rating on Paradigm shares to a strong buy on 13 December.

The Paradigm Biopharmaceuticals share price is 39 cents, up 2.67% on Thursday.

Bell Potter has a speculative buy rating on the biotech, which is focused on repurposing Pentosan Polysulfate Sodium (PPS) for the treatment of knee osteoarthritis.

The broker is encouraged by trial data and the possibility of phase 3 studies starting in the new year. Its 12-month price target is 80 cents per share, suggesting a potential upside of 105% in 2025.

The ASX All Ords healthcare share is down 14.4% over the past 12 months.

Cobram Estate Olives Ltd (ASX: CBO)

Analysts upgraded their consensus rating on Cobram shares to a strong buy on 16 December.

The Cobram Estate share price is $2.13, down 0.93% on Thursday.

This ASX All Ords consumer staples share is up 21.7% over the past 12 months.

The post 6 ASX All Ords shares lifted to 'strong buy' consensus ratings for the new year appeared first on The Motley Fool Australia.

Consumer staples lifted by 0.08%, and materials shares rose by 0.01% over the five trading days.

Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 0.99% to finish the week at 8,296 points.

Technology dragged the index down, with the sector falling by a hefty 5.73% after weeks of big gains.

Historically, December is usually a strong month for shares, but this has not been the case in 2024 so far.

The month started well, with the ASX 200 resetting its record high on 3 December at 8,514.5 points.

The benchmark has since fallen 2.34%.

Overall, the ASX 200 has dipped by 1.66% in December so far after a very strong 3.38% gain in November.

A surprisingly strong labour report released on Thursday contributed to the market's poor performance last week. The unemployment rate fell in November, stoking fears of sticky inflation and delayed interest rate cuts.

Let's review what happened last week.

Consumer staple shares led the ASX sectors last week

First to the ASX supermarket shares.

The sector's largest stock, Woolworths Group Ltd (ASX: WOW), gained 0.46% to finish at $30.42 per share on Friday.

The Coles Group Ltd (ASX: COL) share price lost 1.37% to close at $18.70.

IGA network owner Metcash Ltd (ASX: MTS) tumbled 3.73% to close at $3.23 per share.

Among the ASX 200 wine shares, Treasury Wine Estates Ltd (ASX: TWE) lifted 1.78% to $11.74.

Endeavour Group Ltd (ASX: EDV) shares fell 1.05% to $4.26.

A2 Milk Company Ltd (ASX: A2M) fell 1.64% to $5.71 last week.

Synlait Milk Ltd (ASX: SM1) shares were steady at 37 cents by the close on Friday.

ASX 200 agricultural share Graincorp Ltd (ASX: GNC) fell 3.25% to finish the week at $7.44.

The Elders Ltd (ASX: ELD) share price rose by 0.6% to $7.56.

Inghams Group Ltd (ASX: ING) lifted 1.61% to $3.16 per share.

Bega Cheese Ltd (ASX: BGA) rose by 0.95% to $5.30 per share.

Stock feed producer Ridley Corporation Ltd (ASX: RIC) declined 3.27% to $2.66 per share.

Cobram Estate Olives Ltd (ASX: CBO) shares fell 0.5% to $2 apiece.

The Australian Agricultural Company Ltd (ASX: AAC) share price rose 0.36% to $1.39.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post Here's how the ASX 200 market sectors stacked up last week appeared first on The Motley Fool Australia.

Cobram shares are trading nearly 3% higher on the day at $1.60 apiece after the business posted its FY24 results.

Whereas Fonterra is up less than 1% and trades at $4.03 apiece after the company provided its FY25 milk price update and FY24 earnings guidance.

Let's dive into what these 2 ASX agribusiness stocks posted today.

ASX consumer shares outshine

The ASX consumer share reported a 34.8% rise in revenue, reaching $227.8 million for the year, produced by a 35% growth in olive oil sales.

This grew net profits by 140% over the year to $18.5 million. Growth was underscored by a surge in packaged goods sales in both Australia and the US.

Growth was also fuelled by increased household penetration in Australia and expanded distribution in the US.

The company produced 13.3 million litres of olive oil across its operations, with the US crop of 3.2 million litres marking its largest harvest to date.

It is now "one of the largest olive oil producers in the USA".

The CEO and director's combined report highlighted the company's strong market position:

FY2024 was a pleasing year for the Company, characterised by the ongoing robust demand for our extra virgin olive oil ("EVOO"), as consumers continue to recognise its high quality and positive health attributes. During FY2024 the Company grew packaged goods sales in both the Australian and USA markets, with increased household penetration in Australia and growing distribution in the USA expected to strengthen our market position in future years, allowing us to capitalise on our growing olive oil supply from company-owned third-party olive groves.

Looking ahead to FY25, the ASX consumer share expects sustained strong demand for its products despite a global olive oil shortage.

Fonterra sees higher milk price

Fonterra shares are also in the green today after the company increased its FY25 milk price forecasts and FY24 guidance.

It raised Farmgate Milk Price estimates at the midpoint by 50 cents, now calling for $8.50 per kilogram of milk solids (kgMS).

The total forecasted range is $7.75 – $9.25 per kgMS.

The changes reflect the recent uptick in Global Dairy Trade (GDT) prices and "the strength of
the Co-op's balance sheet".

Additionally, the ASX consumer share updated its FY25 Advance Rate Schedule, allowing farmers to receive more payments earlier in the season.

The company also updated its FY24 earnings guidance. Fonterra now expects earnings from continuing operations to hit the top end of the previously announced range of 60-70 cents per share.

Management says this performance sets Fonterra up to pay a full-year dividend. The final earnings and dividend details are to be confirmed in September.

Fonterra's CEO, Miles Hurrell, stressed the significance of this uplift:

As we look to close out the books for the year, it's become clear that we have maintained strong performance across FY24.

We're indicating we expect our earnings to be at the top end of our forecast range and this puts us on track for a strong full year dividend.

Foolish takeaway

These 2 ASX consumer shares are on investors' radars today after posting positive updates.

Cobram shares have risen 33% in the past 12 months, whereas Fonterra shares have risen 42%.

The post 2 ASX consumer shares outshining after FY24 results appeared first on The Motley Fool Australia.

That's because they are all due to trade ex-dividend next week, which means that their next dividend payments aren't far away.

Let's take a look at the ASX All Ords shares going ex-dividend:

ALS Ltd (ASX: ALQ)

This testing services company's shares will trade ex-dividend for its partially franked interim dividend on Thursday 23 November. The company will then pay the 19.6 cents per share dividend a few weeks later on 14 December. At present, this dividend represents a 1.6% yield.

Amcor (ASX: AMC)

Another ASX All Ords share going ex-dividend is packaging giant Amcor. It goes ex-dividend for its 12.5 US cents (19.7 cents) per share dividend on Tuesday 21 November. After which, investors can look forward to receiving this dividend on 12 December. This currently equates to a 1.4% yield.

Cobram Estate Olives Ltd (ASX: CBO)

Cobram Estate Olives shares will be going ex-dividend on Thursday 23 November. The olive oil company will then be paying its partially franked 3.3 cents per share dividend around three weeks later on 13 December. This represents a 2.3% dividend yield at current prices.

Elders Ltd (ASX: ELD)

This agribusiness company declared a partially franked 23 cents per share final dividend earlier this week. The ASX All Ords share will go ex-dividend on Tuesday 21 November. After which, shareholders can expect to receive it around a month later on 20 December. At present, this dividend equates to a 3.1% yield.

Kelly Partners Group Holdings Ltd (ASX: KPG)

A final share going ex-dividend next week is this accounting company. It goes ex-dividend on Tuesday 21 November for its monthly dividend. However, at less than half a cent, it isn't likely to get the blood pumping for income investors. The 0.4 cents per share dividend will be paid on 30 November.

The post 5 ASX All Ords shares with ex dividend dates next week appeared first on The Motley Fool Australia.

Many of the ASX's biggest shares have a reputation for reaping a lot of their profit through providing products and services to Australian customers. These include such names as Commonwealth Bank of Australia (ASX: CBA), Telstra Group Ltd (ASX: TLS), and Wesfarmers Ltd (ASX: WES).

However, there are many smaller ASX shares that are forging ahead by growing their exports or international client bases. I'm going to outline two that I believe can beat the ASX 200 over the next few years because of their expanding growth profiles.

Cobram Estate Olives Ltd (ASX: CBO)

Cobram Estates describes itself as Australia's largest vertically integrated olive farmer and marketer of premium quality extra virgin olive oil. It sells products under various brands including Cobram Estate and Red Island.

Its olive farming assets include more than 2.4 million olive trees planted on 6,584 hectares of farmland in central and north-west Victoria and 207,500 trees planted on 358 hectares of long-term leased and freehold properties in California, USA.

It also owns Australia's largest olive tree nursery, three olive mills, two olive oil bottling and storage facilities, and its Modern Olives laboratory.

I'm excited about the company's growth because not only does it sell products in Australia and the US, it also has export customers in 16 countries including Canada, Japan, and China.

The company is expecting its FY23 statutory earnings before interest, tax, depreciation and amortisation (EBITDA) to be "materially higher", with stronger operating cash flow in the second half.

It's investing heavily in growth capital projects in Australia and the US. It's also expecting its milling capacity and planted areas in California to grow significantly.

RPMGlobal Holdings Ltd (ASX: RUL)

This ASX share is a software business that provides mining services that help with production, scheduling, mine design, and ESG considerations.

It has a number of customers including Glencore, South32 Ltd (ASX: S32), Peabody, Worley Ltd (ASX: WOR), Fortescue Metals Group Limited (ASX: FMG), and Sayona Mining Ltd (ASX: SYA).

Many mining companies are currently adopting digital and cloud offerings into their operations. RPMGlobal recently said it's seeing increased interest in its next generation of mobile solutions.

The ASX share also said it's "excited about the magnitude of the opportunities which are entering the company's software pipeline". The company is making progress in the Indonesian market and expects "strong growth" in Southern Asia.

RPMGlobal says it has a "strong balance sheet, healthy cash flow and plenty of merger and acquisition" opportunities.

Certainly, achieving growth can help drive the RPMGlobal share price higher. In the FY23 first half, net operating revenue grew by 13% year over year while underlying operating EBITDA jumped 26%, demonstrating operating leverage.

As the ASX share gets bigger, I think its profit can grow much quicker, which I expect will impress the market.

The post I'm backing these 2 little-known ASX shares to beat the ASX 200 over the long-term appeared first on The Motley Fool Australia.