Day: November 22, 2021

2 top ASX shares to buy right now

Three excited business people cheer around a laptop in the office

If you are looking for some quality shares to add to your portfolio, then the two listed below could be worth considering. 

Here’s why analysts are tipping these shares as buys right now:

BHP Group Ltd (ASX: BHP)

BHP could be a top option for ASX investors that are looking for exposure to the mining sector. 

While the well-documented weakness in iron ore prices has been weighing heavily on its shares, it is worth remembering that BHP has exposure to a range of commodities. Some of which are commanding strong prices and supporting high levels of free cash flow generation.

This could make the pullback in the BHP share price a buying opportunity for investors. The team at Morgans certainly appears to believe this is the case. The broker recently reaffirmed its add rating and $46.05 price target on BHP’s shares.

Nitro Software Ltd (ASX: NTO)

If you’re more interested in the tech sector, then Nitro could be a share to consider.

Nitro is a fast-growing global document productivity software company aiming to accelerate digital transformation in a world that demands the ability to work from anywhere, anytime, on any device.

Its increasingly popular Nitro Productivity Platform offers comprehensive business solutions. These include powerful PDF productivity, eSigning, and industry-leading analytics.

At the last count, Nitro had over 2.8 million licensed users and 12,000+ business customers in 155 countries. Impressively, this includes over 68% of the Fortune 500 and three of the Fortune 10.

This has underpinned strong recurring revenue growth in recent years and this trend continues today. During the third quarter, Nitro reported a 50% increase in its ARR. This puts it on course to achieve its ARR guidance of US$39 million to US$42 million in FY 2021. And while this is a big number, it’s still only a fraction of its estimated total addressable market of $28 billion.

Nitro is one of Bell Potter’s favourite options in the tech sector. The broker currently has a buy rating and $4.50 price target on its shares.

The post 2 top ASX shares to buy right now appeared first on The Motley Fool Australia.

Should you invest $1,000 in BHP right now?

Before you consider BHP, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Here’s why the Webjet (ASX:WEB) share price is having a lousy start to the week

a woman sits next to her wheel along suitcase with the handle raised in a desserted airport with her arms folded and a frustrated, sad expression on her face.

The Webjet Limited (ASX: WEB) share price failed to take off on Monday as travel shares received a clobbering.

By the end of the day, shares in the digital travel business were 3.72% worse off than yesterday, fetching $5.69 apiece.

Today’s shift drop in travel shares comes as COVID-19 brandishes its capricious nature. There’s been a sudden and sharp rise in cases across the United States and Europe in the last fortnight.

Risk of a new COVID-19 wave hits Webjet share price

With the northern hemisphere entering the icy months of winter, cases of COVID-19 have jumped. In fact, some countries across Europe are witnessing their highest number of cases on record, triggering the re-introduction of restrictions and lockdowns.

This development in the northern hemisphere follows Australia passing 85% of people over 16 years old being fully vaccinated. As the number of double-vaxed Aussies has climbed, so too has the share price of Webjet, Flight Centre Travel Group Ltd (ASX: FLT), and many others.

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However, today’s news has put a dent in the travel optimism that had been built over recent months. As my Fool colleague Tristan covered earlier today, some affected countries have reimposed mask mandates while others, such as Austria, have gone into a full lockdown.

In the US, efforts to combat the rising numbers has led to an uptick in the number of vaccine doses being administered per day. According to The Guardian, approximately 1.5 million doses are being delivered daily. In comparison, this figure was around 1.3 million two weeks ago.

The shifting COVID-19 landscape presents increased uncertainty. In August, Webjet had highlighted the strong travel demand and easing restrictions across North America and Europe. However, now the future looks less clear for Webjet and its share price.

Shares in Webjet are up 12% since the beginning of the year. This is mostly in line with the S&P/ASX 200 Index (ASX: XJO) which is up by just under 12%.

The post Here’s why the Webjet (ASX:WEB) share price is having a lousy start to the week appeared first on The Motley Fool Australia.

Should you invest $1,000 in Webjet right now?

Before you consider Webjet, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Webjet wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Only a few ASX 200 companies have received this honour and Scentre (ASX:SCG) just joined them

a woman holds her hands up in delight as she sits in front of her lap

Scentre Group (ASX: SCG) is the latest addition to an exclusive group of S&P/ASX 200 Index (ASX: XJO) companies.

The real estate investment trust (REIT) has completed the White Ribbon Australia Workplace Accreditation Program.

The accreditation signifies that Scentre has committed its entire organisation to address the issues of gendered violence and sexual harassment of women.

Let’s take a closer look at Scentre’s latest accomplishment and the other ASX 200 shares that can also boast the achievement.

Scentre joins ASX 200 companies tackling big issues

Scentre has joined ASX 200 giants including Wesfarmers Ltd (ASX: WES) and Telstra Corporation Ltd (ASX: TLS) in being crowned a White Ribbon workplace.

Other ASX 200 companies tied with the white bow include Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).

The above-mentioned companies are just a few of more than 240 workplaces that have been accredited by White Ribbon.

They have each committed to doing their bit to reduce the number of women facing violence and abuse, both in the workplace and at home.

Scentre CEO Peter Allen commented on the company’s newest honour, saying:

We sought accreditation because we wanted to make a public statement about our commitment to creating a safe, inclusive, and respectful workplace, which is fundamental to the way we operate as a responsible, sustainable business. 

We all have a responsibility to stand up and speak out against behaviours that contribute to gendered violence, support women affected by it, and hold perpetrators accountable.  

According to White Ribbon Australia, one in four women have experienced sexual harassment at work. Additionally, 60% of women experiencing violence at home have a workplace.

On top of those potentially astounding figures, KPMG found that men’s violence, harassment, and abuse cost the Australian economy $22 billion in 2015-2016.

Scentre provides employees who are victims and survivors of domestic and family violence with an extra 10 days of paid leave. They are also given access to legal assistance, financial advice, and funds for emergencies, temporary housing, and medical support.

The company also provides its staff with tools and education to increase their awareness of domestic and family violence, as well as how to find support for themselves, victims, or survivors.

Scentre states that these measures help to remove the stigma victims and survivors sometimes face when speaking up.

The post Only a few ASX 200 companies have received this honour and Scentre (ASX:SCG) just joined them appeared first on The Motley Fool Australia.

Should you invest $1,000 in Scentre right now?

Before you consider Scentre, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Scentre wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Here’s why the E2 Metals (ASX:E2M) share price exploded 48% today

a man sits on a rocket propelled office chair and flies high above a city

The E2 Metals Ltd (ASX: E2M) share price entered the stratosphere today. This comes after the company discovered significant gold and silver mineralisation at the company’s Conserrat project in Argentina.

At Monday’s closing bell, the Australian exploration and development company’s shares finished 47.92% higher to 35.5 cents.

E2 Metals locates new gold

According to its statement, E2 Metals reported gold and silver assay results at Andrea Sur, the western extension of Conserrat in Argentina’s Santa Cruz province.

Two shallow Reverse Circulation (RC) drill holes were completed on two sections spaced 120 metres apart. The results included the following:

  • 16 metres at 15 grams per tonne (gpt) of gold (Au) and 22gpt of silver (Ag) from 31 metres (drill hole CORC-183); and
  • 4 metres at 3gpt Au and 11gpt Ag from 29 metres (drill hole CORC-190).

The drilling was designed to test beneath a float train of epithermal vein boulders extending for over a 150-metre strike.

Notably, mineralisation is open in all directions and can be traced over 1200 metres in gradient array induced polarization (IP) geophysical images. This is a geophysical method used in mineral exploration and mine operations in a bid to find new discoveries throughout the resource area.

E2 Metals will prioritise follow-up drilling along the strike range of drill hole CORC-183. In addition, scout drilling will commence along the host structure on sections spaced 100 metres away from each other.

E2 Metals managing director Todd Williams commented:

The discovery of high-grade mineralisation at Andrea Sur is important for two reasons:

Firstly, it is the westernmost discovery made to date at the Conserrat project, significantly expanding the footprint of this emerging gold and silver district.

Secondly, it turns a spotlight on adjacent structures that have never been drill tested, such as Andrea, a prospect that is host to a prominent silica alteration cap geologically similar to those that overly mineralised epithermal veins elsewhere in the Deseado Massif, such as Newmont’s Silica Cap deposit at Cerro Negro.

About the E2 Metals

Despite today’s gains, E2 Metals shares have tracked almost 60% lower over the past 12 months. When looking at year-to-date, its shares have given up around 40%.

On valuation grounds, E2 Metals commands a market capitalisation of roughly $53.42 million, with approximately 150.47 million shares on issue.

The post Here’s why the E2 Metals (ASX:E2M) share price exploded 48% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in E2 Metals right now?

Before you consider E2 Metals, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and E2 Metals wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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