Insights

3 ASX All Ordinaries shares going great guns on Tuesday

Here’s why these All Ords stocks are outperforming.
The post 3 ASX All Ordinaries shares going great guns on Tuesday appeared first on The Motley Fool Australia. –

It’s a great day to be invested in these All Ordinaries Index (ASX: XAO) shares as they surge higher to outperform the broader market.

Right now, the benchmark index is recording a 1.64% gain, but these stocks are leaving that in their dust.

They’re boasting gains of up to 12% right now. Let’s take a look at what’s spurring them along.

3 ASX All Ordinaries shares taking off on Tuesday

Weebit Nano Ltd (ASX: WBT)

All Ordinaries tech share Weebit Nano is leaping 12.24% this afternoon, trading at $2.20.

It comes as the company goes to demonstrate its ReRAM IP module publicly for the first time.

As my colleague Bernd Struben reported earlier today, the Weebit ReRAM is set to operate as an NVM memory block in a public presentation in France.

Still, the stock is 24% lower than it was at the start of the year.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is also outperforming the ASX All Ordinaries on Tuesday. It’s trading at $2.81, 10.2% higher than its previous close.

There’s been no news from the bookmaker today. However, last week a US firm made a strategic investment into its stock.

Additionally, Goldman Sachs has slapped PointsBet’s shares with a price target of $5.78 and a buy rating, my colleague James Mickleboro reports.

The PointsBet share price has plunged 60% since the start of 2022.

Paladin Energy Ltd (ASX: PDN)

Finally, ASX All Ordinaries uranium share Paladin Energy is rocketing higher on Tuesday. It’s currently up 7.08% to trade at 60.5 cents.

There’s been no news from the stock to explain today’s gains. However, it dived 13% yesterday amid the apparent passing of the worst of the energy crisis.

Despite today’s uptick, however, the Paladin Energy share price is still 36% lower than it was at the start of this year.

The post 3 ASX All Ordinaries shares going great guns on Tuesday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of January 12th 2022

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

More reading

Why GrainCorp, PointsBet, Weebit Nano, and Westpac shares are racing higher
ASX 200 midday update: BHP and Rio Tinto rebound, Westpac rated as a buy
Here’s why the Weebit Nano share price is rocketing 19% today
Broker still sees over 100% upside for the PointsBet share price
Why did the Paladin Energy share price tumble 13% on Monday?

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 Goldman Sachs and Pointsbet Holdings Ltd. 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Free Share Allocation Reward Levels

STARTER

Class
$ 2,500 Deposit & Trade
  • REWARD^
  • 1 x Marathon Oil Corporation (NYSE:MRO)

ECONOMY

Basic
$ 5,000 Deposit & Trade
  • REWARD^
  • 1 x Pfizer Inc (NASDAQ:PFE)

ECONOMY

Standard
$ 10,000 Deposit & Trade
  • REWARD^
  • 1 x Amazon.com Inc (NASDAQ:AMZN)

ECONOMY

Plus
$ 25,000 Deposit & Trade
  • REWARD^
  • 2 x Apple Inc (NASDAQ:AAPL)
POPULAR

BUSINESS

Class
$ 50,000 Deposit & Trade
  • REWARD^
  • 4 x Apple Inc (NASDAQ:AAPL)

FIRST

Class
$ 150,000 Deposit & Trade
  • REWARD CHOICES^
  • 12 x Apple Inc (NASDAQ:AAPL)
  • 2 x Tesla (NASDAQ:TSLA)
^Please refer to the Free Share Promotion Terms and Conditions for details.

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here To Get Started
FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here For More Info