Insights

Why AGL, Digital Wine, REA Group, & Xero shares are charging higher

AGL Energy Limited (ASX:AGL) and Xero Limited (ASX:XRO) shares are two of four climbing higher on Tuesday. Here’s why…
The post Why AGL, Digital Wine, REA Group, & Xero shares are charging higher appeared first on The Motley Fool Australia. –

hand on touch screen lit up by a share price chart moving higher

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has given back its early gains and is tumbling lower. At the time of writing, the benchmark index is down 0.3% to 6,778.9 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are charging higher:

AGL Energy Limited (ASX: AGL)

The AGL share price is up 2% to $10.38 after announcing plans to split into two businesses – New AGL and PrimeCo. New AGL will be Australia’s largest multi-product energy retailer, leading the transition to a low carbon future. Whereas PrimeCo will be Australia’s largest electricity generator, supporting the economy as the energy market evolves. Management believes the proposed separation will give each business the opportunity to execute their own respective strategies and growth agendas.

Digital Wine Ventures Ltd (ASX: DW8)

The Digital Wine share price has jumped 24% to 18 cents. This morning the wine-focused technology investment company announced that it has entered into a foundation agreement with Bibendum Wine. It is one of Australia’s leading fine wine and beverage distributors. Under the partnership, Bibendum will list a substantial part of its portfolio of international and Australian wines and craft spirits on the company’s Wine Depot market.

REA Group Limited (ASX: REA)

The REA Group share price has risen 3% to $141.41. This appears to have been driven partly by a broker note out of Credit Suisse this morning. In response to its plan to acquire Mortgage Choice Limited (ASX: MOC), the broker upgraded REA Group’s shares from an underperform rating to a neutral rating.

Xero Limited (ASX: XRO)

The Xero share price has climbed over 3% to $126.93. This is despite there being no news out of the cloud-based accounting platform provider today. However, on Monday, Xero was the subject of a bullish broker note out of Morgan Stanley. It retained its overweight and lifted its price target to $140.00. The broker appears pleased with the company’s recent acquisitions of Planday and Tickstar.

Where to 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why AGL, Digital Wine, REA Group, & Xero shares are charging higher appeared first on The Motley Fool Australia.

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.

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

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

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 indefinitely, 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.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!