Day: 12 May 2020

The S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is sinking lower on Wednesday. In late morning trade the benchmark index is down 1.45% to 5,325.3 points.

Four shares that are falling more than most today are listed below. Here’s why they are dropping lower:

The Afterpay Ltd (ASX: APT) share price is down 3.5% to $40.29. This decline appears to be down to profit taking after some exceptionally strong gains over the last few weeks. In fact, this week the Afterpay share price hit a record high of $43.68. When the payments company’s shares hit that level, it meant they were up ~450% from the 52-week low they hit in March.

The Flight Centre Travel Group Ltd (ASX: FLT) share price has fallen 3% to $10.23. As with Afterpay, the travel agent’s shares look to have come under pressure due to profit taking. Flight Centre’s shares were surging higher on Friday and Monday in response to the government’s plan to reopen Australia.

The Mesoblast limited (ASX: MSB) share price has returned from its trading halt and is down 4% to $3.30. This morning the cellular medicines developer announced the successful completion of a US$90 million capital raising. The funds were raised at a price of A$3.20 per share, which represents a 7% discount to its last closing price. The proceeds will be used to scale-up manufacturing of its lead product candidate remestemcel-L. This is being trialled as a treatment for COVID-19 acute respiratory distress syndrome (ARDS).

The Sezzle Inc (ASX: SZL) share price has fallen almost 6% to $2.15. This is despite the Afterpay rival releasing a very positive presentation this morning ahead of its appearance at the Goldman Sachs virtual conference. Sezzle continues to grow its merchant sales and customer numbers at a solid rate in 2020.

More reading

• Safe dividend stocks to buy today for the COVID-19 world
• Short sellers are going after Afterpay’s rivals and these ASX shares
• 3 top-notch ASX shares on my May watchlist
• ASX 200 sinks 1.3%: Big four banks drag ASX lower & Altium issues sales warning
• These 10 ASX 200 shares have fallen the most over the last year

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why Afterpay, Flight Centre, Mesoblast, & Sezzle shares are dropping lower appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2SXMe36

The names of five dividend shares have been revealed as picks for reliable income.

It’s more important than ever to find those reliable dividend shares at the moment because plenty of dividend shares aren’t paying like normal.

Shares like National Australia Bank Ltd (ASX: NAB), Transurban Group (ASX: TCL), Sydney Airport Holdings Pty Ltd (ASX: SYD), Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group (ASX: ANZ) have all made it clear that normal dividends won’t be paid.

Australia and the globe is expected to go through a lot of pain this year. Economies may be stretched to the limit.

So what dividend shares are ones that you can rely on?

An Australian Financial Review article has named five shares:

Amcor Limited (ASX: AMC) is a packaging giant that recently merged with Bemis in the US. It had already been a solid dividend share and its earnings are holding up well despite the coronavirus. Amcor actually increased its guidance this week.

Ausnet Services Ltd (ASX: AST) is an energy infrastructure business. It owns and operates the Victorian electricity transmission network. It also owns one of five electricity distribution networks, and one of three gas distribution networks in Victoria.

APA Group (ASX: APA) is another energy infrastructure business. It owns a large network of gas pipelines around Australia. APA also owns stakes in other energy investments. APA has been one of the best dividend shares on the ASX for reliability this century.

Spark Infrastructure Group (ASX: SKI) owns interests in $18 billion of electricity network assets across Australia. They deliver energy to more than 5 million customers in Victoria, South Australia, New South Wales and the Australian Capital Territory and transports energy across the National Electricity Market (NEM) to other states.

Medibank Private Limited (ASX: MPL) is Australia’s biggest private health insurer. Whilst policyholder numbers aren’t going to be as good as previously expected, there are obviously less claims too. It is likely to be able to maintain its dividend during this period.

Foolish takeaway

I believe these are solid dividend share ideas. As a group I think they’ll be able to keep paying solid dividends during this period. Apart from Medibank, I think I’d be happy to own all of them in a dividend portfolio for the time being. Though I think a share like Brickworks Limited (ASX: BKW) could be even better for total returns.

More reading

• ASX 200 down 0.9%: CBA reveals $1.5bn COVID19 provision & gold miners charge higher
• Dividends are drying up – but not for these ASX shares
• Safe dividend stocks to buy today for the COVID-19 world
• Why high yield dividend shares can be detrimental to your wealth
• Meet the growing ASX large cap that’s beating the COVID-19 slowdown

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Amcor Limited and Brickworks. The Motley Fool Australia owns shares of APA Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Revealed: 5 dividend shares for reliable income appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3dD8NlI

Dividends are being slashed as the economic impact of coronavirus takes its toll. Portfolios set up to harvest dividends are seeing returns diminish as dividend stalwarts defer or cancel dividends. For retirees reliant on dividend income to cover living expenses, the impact is serious.  

The banks have long been a favourite of ASX dividend investors due to their relatively high yields. But National Australia Bank Ltd (ASX: NAB) slashed its interim dividend to 30 cents per share, down from 83 cents last year. Australia and New Zealand Banking GrpLtd (ASX: ANZ) has chosen to defer its 2020 interim dividend decision until greater clarity emerges regarding the economic impact of COVID-19. 

According to analysis cited by the Australian Financial Review, 7 of Australia’s largest financial services companies have either cut or deferred dividends over the past couple of months.

So where does a dividend investor go in the current market? We take a look at 2 ASX shares that are still paying solid dividends. 

Amcor PLC (ASX: AMC)

Amcor upgraded its guidance yesterday, with profit growth of 11% to 12% forecast, up from 7% to 10%. The business is benefitting from geographic and product diversity which has underpinned its defensive earnings profile. 

Amcor develops and produces packaging for food, beverage, pharmaceutical, home and personal care products. Net sales in the March quarter increased to US$3,141 million, up from US$2,310 million in the March 2019 quarter. Earnings per share increased to 11.4 US cents from 9.7 US cents in the prior corresponding period. 

Amcor has benefitted from the demand for packaging of food and healthcare products. A quarterly cash dividend of 11.5 US cents per share will be paid, unfranked, which works out to 17.7 Australian cents per share. 

AusNet Services Ltd (ASX: AST)

AusNet delivered improved financial performance in the full year to 31 March 2020, with revenues up 6.2% to $1,978 million. This was driven by increased underlying revenues and customer contributions. Despite an overall increase in expenses, underlying operational expenditures declined through the delivery of efficiency initiatives. 

As an infrastructure company operating regulated assets, AusNet has defensive properties which help shield it from the coronavirus crisis. Net profit after tax increased 14.5% to $290.7 million in FY20. A dividend of 5.1 cents per share has been declared, 50% franked. This takes the full-year dividend to 10.2 cents per share, up 4.9% from 9.72 cents in FY19. 

More reading

• How can the ASX 200 soar with rising unemployment?
• ASX 200 down 0.9%: CBA reveals $1.5bn COVID19 provision & gold miners charge higher
• Revealed: 5 dividend shares for reliable income
• Safe dividend stocks to buy today for the COVID-19 world
• Why high yield dividend shares can be detrimental to your wealth

Motley Fool contributor Kate O’Brien has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Amcor Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Dividends are drying up – but not for these ASX shares appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Lqb8UW

It has been another disappointing day of trade for the S&P/ASX 200 Index (ASX: XJO). In late morning trade the benchmark index is down 1.5% to 5,321.5 points.

Four shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

The Commonwealth Bank of Australia (ASX: CBA) share price is up 1% to $60.34. This follows the release of the banking giant’s third quarter update this morning. Commonwealth Bank delivered cash net profit from continuing operations of $1.3 billion during the quarter. This was a 41% reduction on the average quarterly cash net profit it achieved in the first half. The main drag on its result was an additional credit provision of $1.5 billion for the potential longer term impacts of COVID-19. This may have been lower than many were expecting.

The CSR Limited (ASX: CSR) share price is up a further 1% to $3.76. The building products company’s shares have been pushing higher since the release of its full year results on Tuesday. Although CSR delivered a 25.8% decline in underlying net profit to $134.8 million, this was better than the market was expecting. In addition to this, CSR revealed that trading conditions have been relatively steady during the first six weeks of FY 2021.

The Fortescue Metals Group Limited (ASX: FMG) share price has climbed over 1% to $11.85. The catalyst for this appears to have been a rise in the iron ore price overnight. According to Commsec, the spot iron ore price rose by a decent 1.3% to US$86.69 a tonne.

The Northern Star Resources Ltd (ASX: NST) share price has pushed 2% higher to $13.43. Investors have been buying Northern Star and other gold miners today due to the broad market selloff and a rise in the price of the precious metal. At the time of writing the S&P/ASX All Ordinaries Gold index is up by a solid 1.1%.

More reading

• Safe dividend stocks to buy today for the COVID-19 world
• Commonwealth Bank reveals $1.5 billion COVID-19 provision with Q3 result
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 drops over 1% at the market close
• 3 ways to pay off your mortgage faster

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why CBA, CSR, Fortescue, & Northern Star shares are pushing higher appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2ArbZCR

The rental war between landlords and retailers has gathered pace as Premier Investments Limited (ASX: PMV) became the latest retailer to reopen stores. But the retailer, which is Australia’s biggest retail tenant, says it will pay rent based on a proportion of gross sales.

ASX retail shares seek rent relief 

Premier Investments is among a plethora of Australian retail shares that have sought rent relief during the coronavirus pandemic. Accent Group Ltd (ASX: AX1) is also seeking for rent to be calculated by reference to a percentage of sales. 

Premier Investments has said it’s prepared to walk away from stores if landlords don’t play ball. Around 70% of Premier’s leases are due to expire in 2020 or are already in holdover. The company has refused to pay rent since it shut its stores in March, although it announced the reopening of stores from Friday. 

Premier Investments experienced a 74% fall in sales in the 6 weeks to 6 May. Retail store sales were down 99%, however, online sales have increased by 99%. Accent Group has also seen a surge in online sales which quadrupled in the period during which stores were closed. 

Accent Group has concluded successful rental negotiations with landlords of more than 100 stores, but says if it is unable to achieve an outcome it considers fair it will close stores. This has already occurred with one major landlord, with Accent Group giving notice to exit 28 stores at lease expiry over the next 6 months. 

ASX REITs also suffering 

Landlords are not escaping unscathed. This week, Scentre Group (ASX: SCG) said it would not be paying its interim dividend due to uncertainty around the pandemic and the timing of operating cash flows. Customer visitation to the Scentre shopping centres fell to a low of 39% of the previous year’s levels in April and May. 

At Scentre’s properties, 57% of retailers representing 70% of gross lettable area are open, with more retailers to reopen over coming weeks. The shopping centre operator is targeting at least a 25% decrease in centre operating expenses during the pandemic period. 

Vicinity Centres (ASX: VCX) reported that as of 4 May, 50% of stores in its shopping centres were open, representing 65% of gross lettable area. Vicinity withdrew earnings and distribution guidance in March given the uncertainty around the impact of COVID-19 on operations. 

Vicinity is negotiating with retailers whose businesses have experienced a downturn and accelerating temporary arrangements to assist them through the situation. CEO Grant Kelley said, “inevitably, our income at this time is being impacted negatively, however we agree with the Federal Government’s sentiment that landlords and tenants have a shared responsibility to tackle the challenges brought about by these unprecedented times.”

More reading

• ASX 200 drops over 1% at the market close
• Why CSR, Kogan, Premier Investments, & ResMed shares are storming higher
• Premier Investments share price higher after announcing store reopenings and online sales surge
• This ASX REIT just cancelled its interim dividend
• Are ASX retail shares undervalued today?

Motley Fool contributor Kate O’Brien has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia has recommended Accent Group and Scentre Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post ASX retail rental war gathers pace appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Z4M3a2

The pool of reliable high-yield dividend paying stocks is shrinking!

It’s income investors who depend on regular distributions from their ASX share portfolio who are the biggest losers from the coronavirus pandemic.

You can still find stocks generous defensive dividends if you cared to look, and I think these stocks will outperform the S&P/ASX 200 Index (Index:^AXJO) due to their scarcity.

Growth beating income

It’s easier to find stocks with good growth potential despite COVID-19 than dependable dividend paymasters, in my view.

Look at the tech sector in the US and Australia. The likes of Amazon.com, Inc. (NASDAQ: AMZN) and Afterpay Ltd (ASX: APT) surged to record highs recently.

Meanwhile, the list of ASX stocks suspending or lowering their dividends is growing. We don’t have to mention the big banks like Westpac Banking Corp (ASX: WBC) or Australia and New Zealand Banking GrpLtd (ASX: ANZ). The big hit they took to profits forced them to postpone paying an interim dividend.

Even stocks like CSR Limited (ASX: CSR) which delivered a much better than expected profit result is erring on the side of caution and suspending its payout.

I am not suggesting that turning into a scrooge as we face off what is probably the worst recession in living memory is a bad idea. But some stocks are going from strength to strength, and are offering up an enticing dividend that’s hard to ignore.

Rock solid dividend

One such candidate is iron ore miner BHP Group Ltd (ASX: BHP). I’ve long been overweight on the stock for this reason, and UBS just upgraded the stock to “buy”.

“In our view, BHP is in a strong position with gearing at 17% and net debt of US$12bn,” said the broker.

“This should enable BHP to continue to return surplus cash to shareholders at a time when other more traditional dividend-paying stocks are not.”

BHP is forecast to deliver at least a 5% yield before franking credits.

Perfect package

Another stock that is proving its dividend mantle is AMCOR PLC/IDR UNRESTR (ASX: AMC). The global packaging giant released its quarterly results yesterday, which I believed was a cracker.

JP Morgan shares this view and describes the stock as its top pick in the sector. The highlight was the cost control for Amcor’s Flexibles business (soft plastic packaging).

“We believe that AMC has ample opportunity to grow ahead of peers in the years ahead due to Bemis synergies, efforts on sustainability, further M&A or buy-backs,” said the broker.

“The primary concern we hear from investors relates to top line performance, but if 3Q20 trends can be sustained over the medium term (as management has suggested), we would expect to see a multiple re-rating.”

The stock is yielding around 5% and there’s scope for dividend increases, in my view.

More reading

• Why CBA, CSR, Fortescue, & Northern Star shares are pushing higher
• 2 quality ASX shares to buy for long-term growth
• 3 top ASX 200 shares you can buy on sale today
• Why diversification is important and how to diversify your portfolio with ASX shares
• 3 ASX 200 value plays for an economy hell-bent on recovery

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors.

Brendon Lau owns shares of Australia & New Zealand Banking Group Limited, BHP Billiton Limited, and Westpac Banking. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool Australia owns shares of and has recommended Amcor Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Amazon. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Safe dividend stocks to buy today for the COVID-19 world appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/35Ww5QJ

Looking for ASX shares with strong long-term growth potential?

I believe that the following 2 ASX shares are worth considering, and falls in their share prices over the past few months add to their appeal.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Some of our leading companies on the S&P/ASX 200 Index (ASX: XJO) that are normally viewed as strong and consistent dividend payers have either suspended or reduced their next dividend payments this year. This includes the likes of Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group Ltd (ASX: ANZ), and National Australia Bank Ltd. (ASX: NAB). However, there are so far no indications that ‘Soul Patts’ will follow down this path.

Soul Patts currently offers an attractive fully franked grossed-up dividend yield of around 4.7% and has increased its dividend every year since 2000. The group keeps a meaningful amount of cash on its balance sheet and this cash can be used as a buffer in difficult operating times. Soul Patts funds its dividends from its net regular cashflow and its next dividend is expected to be similar to the prior year for FY 2020.

This strong balance sheet also places it in an ideal position to capitalise on any worthwhile investment opportunities if they suddenly arise, which is one of the reasons why I think Soul Patts has strong long-term growth potential. These growth prospects are also supported by its excellent management team and strong diversification across a broad range of industries.

Blackmores Limited (ASX: BKL)

There is no doubt that Blackmores’ recent financial performance has been somewhat disappointing.

In its most recent half-year results back in February, Blackmores revealed a 20% revenue decline in its Australia and New Zealand segment and the company’s China segment saw revenue drop by 6%. However, on a more positive note, the company does now appear to be getting its business back on track again after its entry strategy into China, in particular, has struggled in recent times.

Blackmores has put in place plans to strengthen its Australian business as it realigns its overall business strategy, which includes plans to further extend its investments into China. The company also plans an increased focus on the Indonesian market and aims to enter the Indian market within the next 12 months.

Blackmores’ management has also reported the coronavirus pandemic has resulted in a spike in demand for vitamin C and other immunity products both in Australia and internationally.

I believe that the coronavirus pandemic could potentially even change the mindset of some consumers to the benefit of supplements, leading to higher demand in the years ahead.

More reading

• Safe dividend stocks to buy today for the COVID-19 world
• 3 top ASX 200 shares you can buy on sale today
• 3 ASX 200 value plays for an economy hell-bent on recovery
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 drops over 1% at the market close

Motley Fool contributor Phil Harpur owns shares of Australia & New Zealand Banking Group Limited, Blackmores Limited, and Westpac Banking. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Washington H. Soul Pattinson and Company Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 2 quality ASX shares to buy for long-term growth appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3dGrdSu

The REA Group Limited (ASX: REA) share price has been a strong performer over the last seven weeks.

Since dropping to a 52-week low of $62.05 around seven weeks ago, the property listings company’s shares have zoomed approximately 45% higher.

Is it too late to invest?

While REA Group is far from the bargain buy that it was in March, I still see a lot of value in its shares at the current level for long term-focused investors.

I continue to be very impressed with the resilience of its business and the way it can generate earnings growth during very tough trading conditions.

For example, last week REA Group released its third quarter update and revealed a 1% increase in revenue to $199.8 million and an 8% lift in quarterly EBITDA to $119.6 million. This was despite it dealing with a 7% decline in national residential listings during the three months.

And while things are going to be tougher in the current quarter, the company is attempting to offset this with a 20% reduction in operating costs.

Overall, when trading conditions improve, and they will, I believe REA Group will be well-positioned to accelerate its growth again.

Goldman Sachs rates REA Group as a buy.

One broker which agrees that REA Group is a buy is Goldman Sachs. This morning it retained its buy rating and lifted its price target to $107.00. This implies potential upside of approximately 18% over the next 12 months.

It lifted its price target after upgrading its earnings forecasts for the company.

The broker explained: “Given our increased confidence on the outlook for property listings in Australia, given April numbers that were well ahead of our expectations, and a relaxation of auction/open home restrictions in parts of Australia, we see less risk around our listings forecasts.”

Goldman is forecasting listings growth of 12% in FY 2021 and then 8% in FY 2022.

“As a result, we revise higher the multiple we ascribe to REA Australia and Domain Digital assets by 1X, with REA increasing to 25X and DHG to 19X.”

REA Group remains it preferred option in the space. It has held firm with its neutral rating for Domain Holdings Australia Ltd (ASX: DHG) and has a $2.70 price target on its shares.

More reading

• How Westpac could be about to send house prices tumbling
• 5 things to watch on the ASX 200 on Wednesday
• Leading brokers name 3 ASX shares to sell today
• Is the REA Group share price a buy?
• The latest ASX shares to be downgraded by top brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Leading broker tips REA Group shares as a buy appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3dJa0In

It’s been a rollercoaster start to the year for most ASX shares. Concerns over the coronavirus shutdown smashed the S&P/ASX 200 Index (ASX: XJO), which slumped as low as 4,456 points on 23 March.

However, the recent bear market has created a lot of buying opportunities. Here are just a few ASX 200 shares I think could be on sale at bargain prices today.

3 ASX 200 shares on sale today

Webjet Limited (ASX: WEB) is one of the obvious candidates on sale today. Webjet shares have been smashed in 2020 and are down 65.71% this year at the time of writing. 

The reality is that things have changed dramatically since the start of the year. And the outlook for the travel sector has also changed for at least the next 12 to 18 months. This means Webjet shares should rightly be valued lower in the wake of the COVID-19 shutdown.

However, I think the ASX travel share has been oversold and could be in the buy zone. Even if it’s just domestic travel or across the ditch, we could see more bookings as restrictions ease and Australia’s economy starts to open back up.

Stockland Corporation Ltd (ASX: SGP) is another ASX share that has been smashed in 2020. Stockland owns and operates shopping centres around Australia and therefore has a large exposure to the Aussie retail sector.

Aussie retailers were struggling even before COVID-19 took hold. However, things looked even bleaker in the wake of the pandemic. Stockland shares have fallen 41.13% lower this year (at the time of writing) but things are starting to look up, in my opinion. Restrictions are starting to be wound back and we could see sales bounce back quicker than expected.

Westpac Banking Corp (ASX: WBC) could also be an undervalued ASX bank share. I think there could be some short-term pain for the Aussie banks in 2020 but the longer-term outlook could be OK. At the time of writing, the Westpac share price is down 37.14% in 2020 and now could be a good time to buy for a sale price and hold for decades to come.

More reading

• Safe dividend stocks to buy today for the COVID-19 world
• 2 quality ASX shares to buy for long-term growth
• 3 ASX 200 value plays for an economy hell-bent on recovery
• How Westpac could be about to send house prices tumbling
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 top ASX 200 shares you can buy on sale today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2LlJrwr