Day: March 3, 2022

Check out these ETFs in March

There are a lot of exchange traded funds (ETFs) for investors to choose from on the Australian share market.

But which ETFs should you focus on? Listed below are three excellent ETFs that could be worth getting better acquainted with in March. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF. This popular ETF gives investors exposure to the growing Asian economy through a number of the most promising tech shares in the region. This means you’ll be owning a slice of companies such as ecommerce giants Alibaba, Meituan Dianping, and Pinduoduo, as well as search engine company Baidu and WeChat owner Tencent.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF to look at is the BetaShares Crypto Innovators ETF. It could be worth considering if you’re interested in gaining indirect exposure to cryptocurrencies. BetaShares highlights that the ETF allows investors to access the growth potential of the crypto economy through exposure to a portfolio of companies at the forefront of the crypto world. This includes crypto trading platforms, crypto mining and mining equipment companies, and other companies servicing crypto-markets. Coinbase, Silvergate, and Riot Blockchain are among the ETF’s holdings.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

A final ETF to look at in March is the VanEck Vectors Morningstar Wide Moat ETF. This Warren Buffett inspired ETF focuses on companies with sustainable competitive advantages. This is a key feature that Mr Buffett looks for when making his investments. And given his success, it’s hard to argue against this. The ETF currently contains almost 50 attractively priced shares, including the likes of Alphabet (Google), Altria, Amazon, Boeing, Coca Cola, Intel, Kellogg Co, and Walt Disney.

The post Check out these ETFs in March 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 over ten 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 January 12th 2022

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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. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and VanEck Vectors Morningstar Wide Moat ETF. 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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Telstra (ASX:TLS) share price in the red amid new satellite deal

Woman has a confused expression as she looks at phone.Woman has a confused expression as she looks at phone.Woman has a confused expression as she looks at phone.

The Telstra Corporation Ltd (ASX: TLS) share price lost ground today. It came amid the company signing a new satellite partnership with OneWeb to explore low earth orbit satellite communications.

Telstra shares finished the day at $3.91, a 0.76% fall. In contrast, the S&P/ASX 200 Index (ASX: XJO) climbed 0.49% today. However, it was broadly in line with the S&P/ASX 200 Communication Services Index (ASX: XTJ), which fell 0.59%.

Let’s take a look at what is happening at the telecommunications giant.

New satellite deal

Telstra announced the new deal overnight at Mobile World Congress in Barcelona. The telco signed a non-exclusive memorandum of understanding with OneWeb.

OneWeb is a global company that currently has 428 satellites in low orbit.

Commenting on the deal, Telstra networks and IT group head Nikos Katinakis said:

Working with OneWeb could allow us to boost connectivity in hard-to-reach places across rural and regional Australia with a combination of our mobile network and OneWeb’s Low Earth Orbit (LEO) satellite technology.

It also opens the possibility of bringing high-speed, low latency connectivity from space, as well as support enterprise and small businesses across Australia and improve the resilience of our existing network.

The Telstra share price was one of the most heavily traded ASX 200 shares on the market on Thursday. More than 33,000 shares swapped hands on the market in one day. As my Foolish colleague Aaron reported, the company’s shares traded ex-dividend on Wednesday.

Meanwhile, speaking from Barcelona, Telstra CEO Andy Penn highlighted how the company is helping people impacted by the Ukraine crisis.

In the Ukraine, obviously some just some terrifying images. And I know our hearts go out to all of the people in the Ukraine, and also those with family and friends in Ukraine.

We’ve provided free calls to people in Ukraine and we are adding roaming now, and we are adding free data as well for people who are impacted here. We just want to do everything we can to support people. But it’s obviously a very concerning time.

Telstra share price snapshot

The Telstra share price has gained nearly 26% over the past year, while it has fallen 6% this year to date.

For perspective, the benchmark ASX 200 has returned nearly 5% over the past year.

Telstra has a market capitalisation of about $46 billion based on its current share price.

The post Telstra (ASX:TLS) share price in the red amid new satellite deal appeared first on The Motley Fool Australia.

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

Before you consider Telstra, 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 Telstra wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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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 and has recommended Telstra Corporation 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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Cimic (ASX:CIM) share price holds ground amid ‘humanitarian disaster’ claims. Here’s why

The Cimic Group Ltd (ASX: CIM) share price showed its resilience today. This comes after reports the company has underpaid hundreds of its workers at its Middle East operations.

At the close of trading, the engineering company’s shares were flat at $22.00 apiece.

What happened?

The Cimic share price stood firm today amid fresh allegations in an alleged wages scandal that first surfaced last year.

It involves claims the company short-changed workers, subcontractors, and banks in the United Arab Emirates, Oman, and Saudi Arabia.

According to an article published in The Age, Cimic could face criminal prosecution as it’s accused of owing $500 million.

A judicial guard appointed as administrator of Leighton Contractors Qatar (LCQ), Fatima Almass Al-Hamad, said, “the situation is a humanitarian disaster”.

In 2018, LCQ was formed following the merger of the Qatari building contractor Al Habtoor Engineering with Gulf Leighton, the CIMIC Group’s original operating company in the Gulf region. However, in 2020, the company went into receivership.

Al-Hamad said, “With no salary and no health insurance, the workers are struggling to survive and cannot support their families”.

LCQ is currently being investigated by the administrator over a number of alleged breaches of Qatari legislation.

Cimic refutes the allegations made and claims all employee entitlement payments were honoured up until its exit from the Middle East and Dubai-headquartered BIC Contracting (BICC).

Last year in February, the company signed a share purchase agreement with SALD Investment LLC. The deal saw Cimic sell its 45% non-controlling interest in BICC for “nominal” consideration.

Cimic stated it would re-focus its efforts on major markets including Australia, New Zealand, and the Asia Pacific.

Management noted that since February 2021, around 40 people (equivalent to 2%) remain unpaid in the UAE and Saudi Arabia. Payment is expected soon, as soon as settlements are reached between BICC and the employees.

Cimic share price snapshot

Over the last 12 months, the Cimic share price has gained roughly 10%. It is also up 30% year to date.

The company’s shares reached a 52-week high of $22.42 last month following a takeover approach by Hochtief Australia.

Cimic commands a market capitalisation of close to $6.85 billion at today’s prices.

The post Cimic (ASX:CIM) share price holds ground amid ‘humanitarian disaster’ claims. Here’s why appeared first on The Motley Fool Australia.

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

Before you consider Cimic, 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 Cimic wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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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Here are the top 10 ASX shares today

Top 10 ASX shares todayTop 10 ASX shares todayTop 10 ASX shares today

Today, the S&P/ASX 200 Index (ASX: XJO) solidified another green day backed by strength in the energy and mining sectors. At the end of the session, the benchmark index finished 0.49% higher at 7,151.4 points.

Thursday ended up being a great day for investors in mining and energy companies. Both sectors have been pushing to the upside amid sanctions imposed on Russia. Meanwhile, consumer staples let down the index with its 2.1% fall today. Coles Group Ltd (ASX: COL) dragged the sector lower with it trading ex-dividend throughout the session.

However, the question is: which shares managed to stay in the green on the ASX today? Here are the top ten stocks that pulled through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Yancoal Australia Ltd (ASX: YAL) was the biggest gainer today. Shares in the coal-producing company gained another 10.98% today after posting an impressive gain yesterday. Record high coal prices — over US$400 per tonne — have put steam under this company’s wings recently. Find out more about Yancoal Australia here.

The next biggest gaining ASX share today was Whitehaven Coal Ltd (ASX: WHC). Yet another coal producer hitting 52-week highs on Thursday — Whitehaven Coal was pushed 10.62% above its previous closing price. Uncover the latest Whitehaven Coal details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company Share price Price change
Yancoal Australia Ltd (ASX: YAL) $4.75 10.98%
Whitehaven Coal Ltd (ASX: WHC) $3.96 10.62%
AVZ Minerals Ltd (ASX: AVZ) $0.945 8.00%
Liontown Resources Ltd (ASX: LTR) $1.615 6.95%
Pilbara Minerals Ltd (ASX: PLS) $2.96 5.34%
Nickel Mines Ltd (ASX: NIC) $1.63 5.16%
OZ Minerals Ltd (ASX: OZL) $27.09 5.04%
Beach Energy Ltd (ASX: BPT) $1.68 4.67%
IGO Ltd (ASX: IGO) $12.31 4.41%
Fortescue Metals Group Ltd (ASX: FMG) $19.37 4.20%
Data as at 4:00pm AEDT

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today 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 over ten 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 January 12th 2022

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 owns and has recommended COLESGROUP DEF SET. 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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