Jun.05 — AFL-CIO President Richard Trumka discusses the George Floyd protests, police unions and unemployment. He speaks with Bloomberg’s David Westin on “Bloomberg: Balance of Power.”
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AFL-CIO’s Trumka Says the Enemy Is a Broken Justice System
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Airbus Gets No New Aircraft Orders In May Amid Aviation Crisis
Airbus Group SE (EADSF) said that it did not receive a single new order in May as the global aviation crisis fueled by the coronavirus pandemic throttled demand for new commercial jets.The France-based planemaker delivered 24 aircraft to customers during the month of May, including A220, A320 and A350 XWB planes, it said in a statement on Friday. No orders were canceled, Airbus said.Commercial airline travel has fallen off a cliff due to coronavirus-induced lockdown restrictions forcing many airlines around the world to ground the majority of their fleets and to sharply reduce spending.The travel restrictions tied to the pandemic have resulted in a deep cut in the number of commercial jets and services planemakers’ customers need over the next few years with some asking for delivery delays or order cancellations.In May, Airbus delivered two A220-300 to Air Canada and 18 A320 aircraft including the first A320neo to Wizz Air. For Airbus widebody aircraft, four A350 XWBs were provided in both A350-900 and A350-1000 configurations.Airbus’ backlog of aircraft remaining to be delivered as of 31st May stood at 7,621, the planemaker said.This month, Qatar Airways demanded from Airbus and Boeing Co (BA) to defer deliveries or face a loss of future business.Separately Airbus CEO Guillaume Faury signaled last week that the planemaker would sue airlines who don’t keep order contracts due to the coronavirus crisis.“But if and when airlines – and it’s happening – have no other choice than fully defaulting and not proposing something better than nothing, or are not willing to do it, then (lawsuits) will happen,” Faury told Politico.Shares in Airbus surged 11% to $90 on Friday, narrowing this year’s drop to 40%.Looking ahead, Wall Street analysts expect more declines in the shares over the coming year with the average price target set at $80.96, which reflects 10% downside potential.Overall, though, analysts have a cautiously optimistic outlook on the stock. Out of 16 recent reviews, 9 have Buy ratings versus 5 Hold ratings and 2 Sell ratings which add up to a Moderate Buy consensus. (See Airbus stock analysis on TipRanks).Related News: Boeing CEO Says ‘Likely’ A Major Airline Could Fold In 2020 Colombian Carrier Avianca Files for Bankruptcy Protection Due to Coronavirus Woes Qantas Said to Halt Plane Deliveries From Boeing, Airbus Amid Travel Freeze More recent articles from Smarter Analyst: * Syracuse Is Said To Be In Talks To Buy Bankrupt J.C. Penney; Shares Leap 55% * Idexx Unit Gets European Union Regulatory Nod For Covid-19 Test Kit * AstraZeneca Approached Gilead For Potential Merger – Report * Emergent Bio Plunges 14% Post-Market After Directors Divest Shares
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3 ASX 200 blue chip dividend shares to buy in June
The ASX 200 is home to a good number of blue chip shares which pay dividends.
Three which I think would make great additions to a balanced portfolio are listed below. Here’s why I rate them:
Coles Group Ltd (ASX: COL)
One of my favourite blue chip dividend shares is this supermarket giant. I’m a big fan of the company due to its defensive qualities and solid growth prospects. The latter is thanks to its refreshed strategy. This strategy is aiming to cut costs materially through efficiencies and automation. Together with its long track record of delivering solid same store sales growth, I believe Coles is well-placed to grow its earnings and dividends over the next decade. Currently, I estimate that its shares offer a forward 4% dividend yield.
Macquarie Group Ltd (ASX: MQG)
Another blue chip ASX dividend share to consider buying is Macquarie. I like the investment bank due to the quality and diversity of its operations. This diversity means Macquarie can often grow its earnings when the big four banks are struggling. And while the pandemic is very likely to weigh on its performance in the near term, I believe it will bounce back when the crisis passes. Currently, I estimate that its shares offer investors a partially franked 4% FY 2021 dividend yield.
Woolworths Limited (ASX: WOW)
Finally, I think this conglomerate would be another top blue chip dividend share to buy. Woolworths is best known for its eponymous supermarket business, but also has a number of other businesses in different markets. These include Big W, BWS, Dan Murphy’s, and a large number of hotels/pubs. I think these are quality businesses and the majority of them have defensive characteristics and solid growth potential. Overall, I think this makes Woolworths worth considering with a long term view. At present I estimate that its shares offer investors a forward fully franked 3% dividend yield.
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More reading
- 3 top ASX 200 shares to buy next week
- Where I’d invest $2,500 in ASX shares today
- Top brokers name 3 ASX 200 shares to sell next week
- Top brokers name 3 ASX 200 shares to buy next week
- How mum and dad investors are beating fund managers at their own game
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths Limited. 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 3 ASX 200 blue chip dividend shares to buy in June appeared first on Motley Fool Australia.
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