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5 ASX stocks to watch: from clean energy to tech


The need for clean energy, new tech and minerals for manufacturing have all driven investment. But which shares should you be keeping your eye on?

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD.

Despite the ASX taking a dip of around 5% during 2022, many savvy investors have recognised that there are still plenty of good deals to be found. But which sectors are attracting the most investor interest this year?

Currently, there's a drive in the Australian market towards minerals, tech and clean energy.

It's no secret that there can be considerable overlap between them.

As traditional energy companies and corporations look to divest themselves of fossil fuels, they need minerals for manufacturing new tech in order to generate green energy.

Accordingly, eToro Market Analyst Josh Gilbert has selected 5 shares that have shown "significant resilience."

"These stocks are from an eToro smart portfolio made up of 35 local, high-performing ASX stocks," explains Gilbert. "For those wanting to invest in their home market, they may be of interest."

Of course, it's important to note that market factors can change over time, and prior performance isn't necessarily an indicator of future performance.

If you're considering investing or shifting your portfolio, you should always conduct adequate research and consult with a financial professional.

As one of the largest supermarket chains in the country, it's no surprise that Coles Group is an attractive prospect for many investors.

"Even through the challenging times of FY21/22, Coles Group reported a 2.09% rise in sales," says Gilbert.

"February 2023 saw a rise in the dividend being offered on shares, and there are good forecasts on the horizon."

Electric vehicles are increasingly in demand – which in turn has meant a greater need for lithium.

So it's no real surprise to see Pilbara Minerals enjoying a strong year. In fact, it's been one of the best-performing stocks on the ASX200.

It doesn't look set to slow down, either, according to Gilbert.

"The lithium market is still undersupplied, which means that we will likely continue to see elevated prices for some time," explains Gilbert.

Computershare is one of the few companies benefiting from the central bank's increased tightening cycle.

"Computershare provides corporate trust, stock transfer and employee share plan services across the globe," says Gilbert. "It also has a large cash balance sheet, therefore benefiting from higher rates."

The company's recent report was also a success, providing a forecasted 55% increase in earnings next year.

WiseTech is a name that investors are watching closely.

"Wisetech's growth has continued, with revenues climbing 35% for 1H22," says Gilbert. "Its forecast was also strong with revenue guidance of 30% growth coming in above market expectations."

Gilbert also notes that WiseTech has 3 of the top freight companies locked in on contracts.

"There are great future prospects," he says.

With more than a decade in the solar energy space already, Origin Energy is currently growing its green energy assets.

"Despite still operating a coal-fired plant in Lake Macquarie, Origin Energy still aims for 25% of its energy capacity set to come from renewables," says Gilbert.

Given its exposure to the "energy supercycle" with prices soaring globally, Gilbert notes that Origin remains a name to watch.

How to trade Australian stocks

If you've read this far, you might be wondering how you can get started.

Well, to trade shares, you need to sign up to an online trading platform.

These platforms will allow you to buy and sell stocks as well as enable you to participate in a number of different trading types.

They act as a broker for the trades you carry out. This provides you with protection as a buyer and as a seller, with fees charged on the trades you make to cover costs.

Fees vary from platform to platform, but they should be clearly outlined when you sign up.

Platforms will occasionally showcase exclusive features or trading offers, too.

For example, eToro's ASX real stocks launched in late March and offers $0 commission trading and just US$10 minimum ASX stock trade. This is a contrast to many other trading platforms, who often require much more.

Most online platforms will also have a demo mode, allowing you to get familiar with the mechanics of trading before you're using your real money.

To find out more about trading stocks, make sure you check out our step-by-step guide.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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eToro disclaimer: eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Smart Portfolios are not exchange-traded funds or hedge funds and are not tailored to your specific objectives, financial situations and needs. Your capital is at risk. See PDS and TMD.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years may not suffice as basis for investment decision.

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