Day: April 16, 2022

Here are 2 excellent ASX tech ETFs to buy

A corporate female wearing glasses looks intently at a virtual reality screen with shapes and lights

A corporate female wearing glasses looks intently at a virtual reality screen with shapes and lights

If you’re wanting to invest in the tech sector after recent weakness but aren’t sure which shares to buy, then these exchange traded funds (ETFs) could be worth considering.

The two ETFs below provide investors with easy access to a number of high quality shares in the tech sector. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first tech ETF to consider is the BetaShares Global Cybersecurity ETF. This fund gives investors access to the leading companies in the growing global cybersecurity sector.

This is a sector that has been tipped to grow strongly over the next decade due to the rampant rise of cyber crime and the structural shift to the cloud.

Among the companies you’ll be investing in with this ETF are Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another side of the sector that is booming is the gaming industry. In light of this, the VanEck Vectors Video Gaming and eSports ETF could be a top option for investors.

As its name suggests, this ETF gives investors access to a portfolio of the largest companies involved in the video game industry. These are video game developers and hardware providers.

VanEck highlights that these companies are in a position to benefit from the increasing popularity of video games and eSports.

Among the ETFs major holdings are graphics processing units giant Nvidia and games developers Take-Two Interactive (GTA, Red Dead), Electronic Arts (FIFA, Sims, Apex Legends), and Roblox.

The post Here are 2 excellent ASX tech ETFs to buy 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 BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports 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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Analysts name 2 ASX dividend shares to buy next week

Rolled up notes of Australia dollars from $5 to $100 notes

Rolled up notes of Australia dollars from $5 to $100 notes

If you’re wanting to boost your income with some dividend shares next week, then you might want to consider the two listed below.

Here’s what you need to know about these dividend shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.

While it is having a tough time in FY 2022, the retailer has been tipped by Morgans to bounce back strongly in FY 2023. This is thanks to the newly acquired Focus on Furniture business bedding down and starting to improve its store economics while expanding its footprint.

The company’s new distribution centre is also expected to be a boost to its performance and support its margins. All in all, Morgans believes “[t]hese factors underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple.”

Morgans has an add rating and $3.50 price target on the company’s shares. As for dividends, the broker is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.85, this will mean yields of 6.7% and 9.1%, respectively, over the next couple of years.

Elders Ltd (ASX: ELD)

Another dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the Australia/New Zealand region.

After a very difficult period during the 2010s, Elders has returned to form in the 2020s. This follows a highly successful transformation plan and the equally transformational acquisition of Australian Independent Rural Retailers.

Goldman Sachs is very positive on the company and its outlook. It currently has a conviction buy rating and a $17.65 price target on Elders shares.

As for dividends, the broker expects dividends per share of 45 cents in FY2022 and 47 cents in FY2023. Based on the current Elders share price of $14.19, this implies yields of 3.2% and 3.3%, respectively.

The post Analysts name 2 ASX dividend shares to buy next week 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 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 ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. 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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These were the worst performing ASX 200 shares last week

a man clasps his hand to his forehead as he looks down at his phone and grimaces with a pained expression on his face as he watches the IAG share price continue to fall

a man clasps his hand to his forehead as he looks down at his phone and grimaces with a pained expression on his face as he watches the IAG share price continue to fall

It was a short week, but a good one for the S&P/ASX 200 Index (ASX: XJO) last week. Over the four days, the benchmark index rose 0.6% to 7,523.4 points.

Unfortunately, not all shares were able to climb with the market. Here’s why these were the worst performers on the ASX 200 last week:

Zip Co Ltd (ASX: Z1P)

The Zip share price was the worst performer on the ASX 200 last week with a 13.4% decline. This may have been driven by news that rival Afterpay, now owned by Block Inc (ASX: SQ2), reported a big first half loss. In addition, analysts at Macquarie Group Ltd (ASX: MQG) spoke negatively about the BNPL industry. According to the note, the broker’s data shows that BNPL web traffic declined during March. It feels this is a “red flag for the BNPL industry.”

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price was out of form and dropped 7.5% over the period. This appears to have been driven by profit taking after some strong gains in recent months. One broker that sees this pullback as a buying opportunity is Citi. Last week the broker upgraded the company’s shares to a buy rating with a $3.60 price target.

City Chic Collective Ltd (ASX: CCX)

The City Chic share price wasn’t far behind with a decline of 7.2%. This was despite there being no news out of the plus sized fashion retailer last week. Though, it is worth noting that a disappointing half year result in February has hit investor sentiment hard. So much so, the City Chic share price is now down 46% since the start of the year.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price was a poor performer once again and dropped 7.1% over the four days. Investors were selling the embattled infant formula company’s shares after it was recently hit by two broker downgrades. Analysts are concerned over lockdowns in China and weakening reseller prices on Chinese ecommerce platforms. The A2 Milk share price hit a new multi-year low last week.

The post These were the worst performing ASX 200 shares last week 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 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 Block, Inc. and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended A2 Milk. 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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These were the best performing ASX 200 shares last week

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.

The S&P/ASX 200 Index (ASX: XJO) was on form last week and recorded a decent gain over the shortened week. The benchmark index rose 0.6% over the four days to 7,523.4 points.

While a good number of shares rose with the market, some climbed more than most. Here’s why these were the best performers on the ASX 200 last week:

Regis Resources Limited (ASX: RRL)

The Regis Resources share price was the best performer on the ASX 200 last week with a 17.1% gain. There were a couple of catalysts for this strong gain. One was a bullish note out of Credit Suisse, which saw the broker retain its outperform rating and lift its price target to $2.60. The other was a solid rise in the gold price. The latter led to a number of other ASX 200 gold shares recording double digit gains last week such as Northern Star Resources Ltd (ASX: NST).

Webjet Limited (ASX: WEB)

The Webjet share price was a positive performer and rose 8.5% over the four days. This strong gain was driven by a broker note out of Citi and a big improvement in investor sentiment in the travel sector. The former saw Citi upgrade Webjet’s shares to a buy rating with a $6.50 price target. Whereas the latter was driven by bullish comments out of Delta Airlines in the US, which helped drive fellow ASX 200 travel shares Flight Centre Travel Group Ltd (ASX: FLT) and Qantas Airways Limited (ASX: QAN) notably higher as well.

Elders Ltd (ASX: ELD)

The Elders share price wasn’t far behind with an 8.4% gain last week. This was despite there being no news out of the agribusiness company. However, Elders’ shares have been on a roll since the release of its results last month. So much so, they hit a multi-year high last week.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price was on form and charged 6.6% higher over the period. Its shares were given a boost last week from rising uranium prices. As Russia is a key supplier of the chemical element, sanctions have sparked supply fears. This comes at a time when the UK has recently revealed plans to build eight nuclear reactors by 2030.

The post These were the best performing ASX 200 shares last week 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 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 Elders Limited, 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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