Insights

Why Core Lithium, Life360, Marley Spoon, & Metcash are storming higher

It has been a good day for these ASX shares…
The post Why Core Lithium, Life360, Marley Spoon, & Metcash are storming higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is off its lows but still trading notably lower. At the time of writing, the benchmark index is down 0.5% to 7,267.5 points.

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

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price has risen 2% to 23.5 cents. This morning this lithium explorer revealed that leading global environmental and sustainability consultants ERM Group has completed its Greenhouse Gas Assessment of Finniss Project. According to the release, the study found that the project has lower emissions that its Western Australian peers and the lowest transport-related emissions than any other Australian lithium project.

Life360 Inc (ASX: 360)

The Life360 share price is up 4% to $6.21. Investors have been buying the family app maker’s shares following the release of a broker note out of Morgan Stanley. According to the note, the broker has initiated coverage on Life360 with an overweight rating and $8.60 price target. The broker believes that the market under appreciates the quality of Life360 and its significant user base.

Marley Spoon AG (ASX: MMM)

The Marley Spoon share price has stormed 4.5% higher to $2.95. This is despite there being no news out of the meal kit delivery company. However, with lockdowns occurring in Australia, investors may believe that demand for its meal kits will surge again.

Metcash Limited (ASX: MTS)

The Metcash share price has pushed 3% higher to $3.80. Investors have been buying the wholesale distributor’s shares after brokers responded positively to its full year results release. Credit Suisse and Morgan Stanley were among the most positive brokers. They have retained their equivalent of buy ratings and lifted their price targets to $4.16 and $4.15, respectively.

The post Why Core Lithium, Life360, Marley Spoon, & Metcash are storming higher 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 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 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.

*Returns as of May 24th 2021

More reading

Core Lithium (ASX:CXO) share price gains on project’s sustainability rating
ASX 200 down 0.9%: Big four banks drop, Metcash charges higher

ASX 200 flat, e-commerce ASX shares soar, Metcash rises

These are the 10 most shorted shares on the ASX

Why Atomo, Metcash, Temple & Webster, & Woolworths are pushing higher

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 recommended Life360, Inc. The Motley Fool Australia has recommended Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!