Top 20 ASX trades by Sharesight users – July 2022

Welcome to the July 2022 edition of Sharesight’s monthly ASX trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.

In this snapshot, buy trades were overwhelmingly led by Vanguard’s Australian Shares Index ETF (ASX: VAS). In terms of individual equities, buy trades were led by BHP (ASX: BHP), which announced strong quarterly performance results. At the same time, sell trades were led by Woodside Energy (ASX: WDS), which saw its share price drop despite announcing significant increases in production and revenue compared to last quarter. Overall, this month’s top 20 ASX trades were dominated by blue chip stocks, particularly those in the mining and banking sectors.

Top 20 ASX trades July 2022

Let’s look at the news behind some of the key stocks in this month’s snapshot:

BHP (ASX: BHP)

• BHP struggling with labour shortage due to lack of skilled migrant workers

• Reports strong quarterly performance, but warns of volatile FY23

• Leading broker sees upside for BHP share price following quarterly results

Woodside Energy (ASX: WDS)

• Oil price slide causes slump in Woodside shares

• Woodside share price drops despite strong Q2 revenue

• Reveals AU$13 million investment in Indian bio-engineering company, String Bio

Fortescue Metals (ASX: FMG)

• Fortescue ships record amount of iron ore; believes output could lift again this year

• Share price rises following record iron ore exports

• Challenges ahead as inflationary pressures grow

Rio Tinto (ASX: RIO)

• Rio reports 29% drop in half-year earnings amid falling commodity prices

• Slashes dividend by more than half

• Rio signs breakthrough deal to resume work at world’s biggest undeveloped iron ore deposit

ANZ (ASX: ANZ)

• ANZ announces AU$5 billion deal to acquire Suncorp

• IT experts cite concerns over Suncorp integration

• Raises AU$1.7 billion through institutional entitlement offer

Macquarie Group (ASX: MQG)

• Macquarie reports strong quarterly earnings, but warns of ‘softening’ ahead

• Share price on watch following Q1 earnings report

• Plans to prioritise tech modernisation to achieve growth

Westpac (ASX: WBC)

• Westpac plans to merge 100 branches over the next 18 months

• Reveals new targets to cut carbon emissions

• Plans to sell off investment platform for AU$1 billion

Whitehaven Coal (ASX: WHC)

• Bushfire survivors launch legal action against Whitehaven’s Narrabri coal mine expansion

• Whitehaven reports estimated total earnings of AU$3 billion for financial year

• Share price grows amid strong energy sector and bullish broker notes

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots

• How Sharesight calculates your investment performance

• Sharesight users' top 20 ASX trades of FY21/22