Day: July 24, 2022

2 ASX growth shares that analysts love

A group of young people lined up on a wall are happy looking at their laptops and devices as they invest in the latest trendy stock.

A group of young people lined up on a wall are happy looking at their laptops and devices as they invest in the latest trendy stock.

If you’re looking for some growth shares to add to your portfolio next week, then you may want to look at the ones below.

Here’s what you need to know about these highly rated ASX growth shares:

Allkem Ltd (ASX: AKE)

The first ASX growth share for investors to consider is this lithium miner.

Allkem was formed after two leading lithium miners, Galaxy Resources and Orocobre, merged last year to create a top five global lithium miner. It owns a number of operations across the world including Olaroz, James Bay, Mt Cattlin, and the Sal de Vida brine project.

Management believes that these operations provide it with the opportunity to maintain a 10% share of global lithium production in the future. This positions the company perfectly to profit from the significant and growing demand for the battery making ingredient.

Morgans is very positive on lithium prices and continues to rate Allkem as its top pick in the industry. It currently has an add rating and $16.72 price target on its shares.

Life360 Inc (ASX: 360)

Another ASX growth share to consider buying is Life360. It operates in the digital consumer subscription services market, with a focus on products and services for digitally native families.

The company’s key offering is the popular Life360 app, which offers families features such as communications, driver safety, and location sharing. In addition, the company has expanded into the wearables and items tracking market via the acquisitions of Jiobit and Tile. This gives Life360 significant cross-selling opportunities to its large subscriber base of over 30 million active users.

The team at Bell Potter is very positive on Life360 and has a buy rating and $7.50 price target on its shares.

The post 2 ASX growth shares that analysts love 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

See The 5 Stocks
*Returns as of July 7 2022

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Motley Fool contributor James Mickleboro has positions in Allkem Limited and Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. 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 Scott Phillips.

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3 quality ETFs for ASX investors in July

Three people in a corporate office pour over a tablet, ready to invest.

Three people in a corporate office pour over a tablet, ready to invest.

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be the answer.

But which ETFs should you look at? Listed below are three quality ETFs that could be worth getting better acquainted with. Here’s what you need to know:

iShares Global Consumer Staples ETF (ASX: IXI)

If you’re looking for low risk options for your portfolio, then the iShares Global Consumer Staples ETF could be worth considering. That’s because this fund gives investors exposure to many of the world’s largest global consumer staples companies such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart. As demand for these types of products is relatively consistent whatever the economy throws at them, this could make it a good option in the current environment.

iShares S&P 500 ETF (ASX: IVV)

Investors that are looking for instant diversification might want to consider the iShares S&P 500 ETF. That’s because this popular ETF gives investors access to a massive 500 of the top listed U.S. companies. Among the companies that you’ll be owning a slice of include Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa. Given the positive long term outlooks of these companies, this ETF looks well-placed to generate solid returns over the long run.

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

Finally, if you’re interested in tech shares but already have exposure to the FAANGs, then you might want to look at the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors access to companies with exposure to the growing video game market. Among the shares included in the fund are hardware giant Nvidia and game developers Roblox, Take-Two, and Electronic Arts. VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports.

The post 3 quality ETFs for ASX investors in July 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

See The 5 Stocks
*Returns as of July 7 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. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and iShares Trust – iShares Core S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Can Ethereum reach $10,000?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

a cryptocurrency blockchain miner acts with surprise upon looking at his phone while standing behind a conglomeration of technology to access cryptocurrency.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Ethereum (CRYPTO: ETH), or rather, the Ethereum ecosystem’s Ether token, is the second-largest cryptocurrency on the market. Ether prices soared all the way to $4,892 in November 2021, but have come back down to roughly $1,500 per coin today.

Inflation concerns and a lack of robust cryptocurrency regulations have weighed on the crypto market as a whole, and on high-flying market darlings like Ether in particular.

However, the crypto market has shown some signs of stabilization and recovery in recent weeks. Ether’s price has gained 67% from its three-month lows, and many investors are wondering how high this digital asset can go from here. For example, will it ever be worth $10,000 per coin?

Market cycles and volatility

First of all, some people believe that cryptocurrencies are a fad with no inherent value at all. I’m not here to change your mind about the fundamentals of the crypto market, so if you fall in this group, you’ll probably be happier reading up on the best stock ideas on the market instead. It’s all right — cryptocurrencies aren’t every investor’s cup of Lapsang souchong.

But among those who see real-world value in ultra-secure digital ledgers with extra features such as smart contracts and decentralized management, Ethereum is expected to bounce back from this downturn.

The crypto market has been highly cyclical so far, and 2022 looks a lot like the correction in 2018. Back then, Ether had never traded above $1,450 per coin and investors were wondering whether the cryptocurrency would get back up to the $1,000 level.

So the 52-week lows nowadays are comparable to the all-time highs of the previous upswing, and the beat goes on. But things are different this time because the cryptocurrency phenomenon is growing up quickly.

What may have looked like a forgettable fad four years ago is now powering decentralized finance apps, innovative loan and insurance services, online games, and international money transfers.

Regulators around the world are taking cryptocurrencies much more seriously today, and fellow sector giant Bitcoin now serves as an official currency in two countries.

Can Ethereum get back on its feet again?

The cryptocurrency market as a whole should achieve a full recovery in a year or two, followed by continued long-term growth. Again, I’m basing my analysis on the idea that developers will keep producing crypto-based products, apps, and services that consumers and businesses find useful in the real world.

As a veteran of the sector, with unique features and an unmatched army of app developers, Ethereum is poised to lead that surge from the front. Don’t forget that this crypto network is about to roll out the most important technology upgrade in its history, erasing the speed and efficiency advantages that some Ethereum rivals are boasting of today. This old dog is happy to learn new tricks.

In order to reach a price of $10,000 per Ether coin, the cryptocurrency has to double the peak prices seen in November. The target price is nearly seven times the current level. That sounds like a lot, but the volatile crypto market can deliver moves of that epic magnitude in a hurry. For example, Ether prices rose more than 20-fold from March 2020 to March 2022.

It’s a question of time

There are no guarantees that the next recovery will look like that, of course. Let’s just say that I wouldn’t be surprised if Ether multiplied its market value by seven or more amid a general crypto market recovery, with its own platform upgrade providing more fuel for the fire.

All the components of this potential future are in place, and the bullish market move is just a matter of time — as long as you agree that cryptocurrencies and blockchain networks have a useful future.

Under these circumstances, Ethereum looks almost certain to reach the $10,000 pricing milestone, and then keep going up in the long run. In the process, the market cap will pass the trillion-dollar mark when Ether prices reach $8,221 per coin. As I see it, these landmark metrics are coming, and probably within the next year or two.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Can Ethereum reach $10,000? 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

See The 5 Stocks *Returns as of July 7 2022

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Motley Fool contributor Anders Bylund has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.



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Top brokers name 3 ASX shares to buy next week

A white and black clock face is shown with three hands saying Time to Buy reflecting Citi's view that it's time to buy ASX 200 banks

A white and black clock face is shown with three hands saying Time to Buy reflecting Citi's view that it's time to buy ASX 200 banks

Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Breville Group Ltd (ASX: BRG)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $25.00 price target on this appliance manufacturer’s shares. The broker believes that the pullback in the Breville share price has created a buying opportunity for investors. Especially given the company’s international expansion and the broker’s belief that it is well-placed to achieve its earnings estimates through to FY 2024. The Breville share price ended the week at $20.34.

Santos Ltd (ASX: STO)

A note out of Macquarie reveals that its analysts have retained their outperform rating but trimmed their price target on this energy producer’s shares to $10.05. Although Macquarie was disappointed with Santos’ production and revenue in the last quarter, it was pleased with its free cash flow generation. In light of the latter, the broker remains positive and sees value in its shares at the current level. The Santos share price was fetching $7.03 at Friday’s close.

Woolworths Group Ltd (ASX: WOW)

Analysts at Goldman Sachs have retained their conviction buy rating and $40.50 price target on this retail giant’s shares. This follows news that the company intends to acquire out of home media company Shopper Media Group for $150 million. Goldman believes the transaction is strategically in line with its view of the retail media business being the next material growth lever for Woolworths. The Woolworths share price ended the week at $37.25.

The post Top brokers name 3 ASX 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

See The 5 Stocks
*Returns as of July 7 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. 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 Scott Phillips.

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