Stock Pick

  • Thinking About Buying Stock In American Airlines, Luckin Coffee, XpresSpa Or Genius Brands?

    Thinking About Buying Stock In American Airlines, Luckin Coffee, XpresSpa Or Genius Brands?Share prices for American Airlines, Luckin Coffee, XpresSpa and Genius Brands have all spiked up to unusual price points. Here's what you need to know before investing.American Airlines: Why Did The Price Move? American Airlines Group Inc (NYSE: AAL) stock took off Thursday, gaining more than 40% on the day. This followed a statement by the company saying it believed 74% more flights will take place in July than in June. Mind the bears, however. Citron Research tweeted on Friday that the surge was largely due to increased buy volume from young retail traders, and didn't reflect the company's poor fundamentals.> $AAL Back to $10 Robinhood traders have 0 idea what they buying. Balance sheet is upside down. Unencumbered assets worth far less than current price. The reason why Buffett fully exited lower. They don't teach finance in the Sherwood Forest.> > — Citron Research (@CitronResearch) June 5, 2020Luckin Coffee: Why Did The Price Move? The recent spike in shares may have been due to bargain hunting amid the stock's plunge. Although the number of shorted shares has declined from April, Chinese Starbucks (NASDAQ: SBUX) competitor Luckin Coffee Inc (NASDAQ: LK) still is at a relatively high 37.73 million as of May 15, representing 14.91% of the outstanding shares. The short ratio as of May 15 was at 1.92. With bargain hunters picking up the stock, some of the short bets may have unwound, creating additional strength.XpresSpa: Why Did The Price Move? XpresSpa Group Inc (NASDAQ: XSPA) shares are trading higher after the company announced it has signed a contract with HyperPointe to provide coronavirus screening and testing in U.S. airports.Genius Brands: Why Did The Price Move? The shares of Genius Brands International Inc., (NASDAQ: GNUS) a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May. The surge has come following a string of operational advancements and investments announced by the children entertainment company.See more from Benzinga * Analysis: Amazon Air And ATSG Grow Together * Group Of Pro-Cannabis Law Enforcement Agents Share Recommendations For Police Transparency, Accountability * The Rise Of The Cannabis Beverage: An Analysis(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • What ASX shares should you invest in during a bull market?

    Wall Street Bull

    What ASX shares should you invest in during a bull market?

    It’s a tough question because many shares have performed so strongly. The S&P/ASX 200 Index (ASX: XJO) has risen by 31.8% since 23 March 2020. That’s an amazing performance.

    But where are we supposed to invest now with many shares now trading close to, or above, their pre-coronavirus highs?

    The recovery of some shares has been incredible. The Afterpay Ltd (ASX: APT) share price is above $50. The ASX Ltd (ASX: ASX) share price almost reached $90. The Xero Limited (ASX: XRO) share price briefly went above $90 this week. The Kogan.com Ltd (ASX: KGN) share price is flying high.

    The Australian economy continues to recover and we are in a much better position than Europe or the US. The ASX is justifiably on an upward trend. I’d be more concerned with the US share market than ours.

    What ASX shares should we invest in?

    I think we should take the same approach as we always do with shares. Is it good value today considering its prospects and the potential that things won’t work out perfectly?

    Vanguard Australian Shares Index ETF (ASX: VAS) could be a decent option considering it’s still noticeably lower than before the coronavirus sell off.

    There are some shares that I think still look good value considering the global uncertainty regarding the pandemic and the economic effects. I think stocks like Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and Brickworks Limited (ASX: BKW) could be great value. Businesses such as Bubs Australia Ltd (ASX: BUB) and Pushpay Holdings Ltd (ASX: PPH) could grow into big businesses.

    I also like the idea of some top performing fund managers who are playing it more cautiously like MFF Capital Investments Ltd (ASX: MFF) and Magellan Global Trust (ASX: MGG).

    Most of all, I like shares that look great long term value like these…

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    One is a diversified conglomerate trading over 30% off it’s all-time high, all while offering a fully franked dividend yield of over 3%…

    Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.

    Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.

    Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares.

    But you will have to hurry because the cheap share prices on offer today might not last for long.

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    More reading

    Tristan Harrison owns shares of Magellan Flagship Fund Ltd, MAGLOBTRST UNITS, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO, PUSHPAY FPO NZX, and Xero. The Motley Fool Australia owns shares of and has recommended Brickworks, BUBS AUST FPO, Kogan.com ltd, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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 What ASX shares should you invest in during a bull market? appeared first on Motley Fool Australia.

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  • Credit Suisse hikes Apple price target, credits App Store growth

    Credit Suisse hikes Apple price target, credits App Store growthDespite having a cautious view on the iPhone, Credit Suisse raised the price target for Apple, crediting the growth from the App Store. Credit Suisse maintained the Neutral ratings however because the stock is close to its all time highs, claiming that it advises investors to wait for a lower point of entry.

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