Stock Pick

  • 3 of the best ASX shares to buy with $3,000 right now

    where to invest

    If you have $3,000 to invest into the share market, then I think it could be worth splitting these funds evenly across the three ASX shares listed below.

    Here’s why I think they would be great options right now:

    Aristocrat Leisure Limited (ASX: ALL)

    The first option to consider investing some of these funds into is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a portfolio of world class poker machine and digital games. While the closure of casinos during the pandemic has been a blow, this short term headwind appears to be easing now restrictions are lifting. In the meantime, the lockdowns that have closed casinos have given its digital business a major boost. Overall, I believe Aristocrat Leisure is well-positioned to bounce back very strongly in FY 2021 and then accelerate its growth thereafter.

    CSL Limited (ASX: CSL)

    This biotherapeutics giant’s shares are more often than not trading within sight of their 52-week high. However, due to its recent share price weakness, the company’s shares are currently trading over 17% lower than their high. I believe this is a rare opportunity to buy this high quality company’s shares at a discount. Which, given its strong long term growth potential, could make this a very smart move for investors.

    Pushpay Holdings Group Ltd (ASX: PPH)

    A final option to consider investing these funds into is Pushpay. I believe the donor management platform provider is one of the best growth shares on the Australian share market. This is thanks to its increasingly popular software and the sizeable opportunity it has in the medium to large church market. Pushpay recently revealed that it is aiming to win a 50% share of this market over the long term. This represents a US$1 billion revenue opportunity for the company, which is many multiples its current revenue.

    And if you have some funds leftover, these five recommendations below look like potential market beaters…

    NEW! 5 Cheap Stocks With Massive Upside Potential

    Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.

    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.

    YES! SEND ME THE FREE REPORT!

    As of 2/6/2020

    More reading

    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and 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 3 of the best ASX shares to buy with $3,000 right now appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/3cuQo9Q

  • Tiffany Dives After Report That Deal With LVMH Is Uncertain

    Tiffany Dives After Report That Deal With LVMH Is Uncertain(Bloomberg) — Tiffany & Co. plunged after Women’s Wear Daily reported LVMH’s deal to buy the luxury jewelry company is uncertain as the U.S. economy faces widespread upheaval.LVMH board members arranged to meet on Tuesday to discuss the proposed deal, WWD reported, citing unidentified individuals. Board members are concerned about the Covid-19 pandemic that has disrupted the U.S. economy and growing unrest over police violence, WWD said. They also expressed concern about Tiffany’s ability to cover its debt covenants at the end of the transaction.Tiffany’s representatives didn’t immediately respond to a request for comment from Bloomberg. LVMH declined to comment. The French company’s shares rose 0.8% in early Paris trading Wednesday.Tiffany shares, which were halted for several minutes due to volatility, fell as much as 13%, the steepest intraday drop since 2015, before closing down 8.9% on Tuesday.“I would imagine it is normal that LVMH internally discusses the proposed Tiffany acquisition — given the size of the deal, the Covid-19 situation, and the recent social unrest in the U.S.,” wrote Luca Solca, an analyst at Sanford C. Bernstein. “Having said that, the Tiffany takeover would provide a unique strategic opportunity to LVMH, boosting its position in branded jewelry.”Solca said it’s an “open question” whether LVMH would try to renegotiate better terms.The economic fallout from the pandemic has disrupted or derailed a number of prominent deals, including L Brands Inc.’s agreement to sell a majority stake in Victoria’s Secret to private-equity firm Sycamore Partners. If the LVMH-Tiffany tie-up falls apart, it would be one of the largest so far related to Covid-19.The New York-based jeweler website says, as of June 1, its stores are temporarily closed until further notice. The pandemic has also impacted the company’s ability to offer next-day and express shipping.The stores went dark in mid-March due to the pandemic shutdown. Some of its locations have had their windows boarded up as protests roil cities across the country.LVMH’s planned purchase of Tiffany for more than $16 billion has been the subject of speculation after the coronavirus pandemic suddenly altered the consumer landscape across the globe.For LVMH, the deal originally made a lot of sense: buying U.S.-based Tiffany would help the Louis Vuitton owner challenge Cartier owner Richemont for dominance in the global jewelry business. But as Americans curb discretionary spending and retail stores temporarily close their doors, growing exposure to the U.S. market doesn’t have quite the same appeal as it did when the tie-up was announced last November.Prior to the virus lockdown, the 183-year-old Tiffany was struggling with a lull in international tourist traffic and civil unrest in Hong Kong. In the U.S., management has worked to attract younger clientele, though sales have been slow to rebound. Chief Executive Officer Alessandro Bogliolo made China a priority, counting on the market as a growth engine.(Updates with LVMH shares in third paragraph, analyst comment in fifth)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    from Yahoo Finance https://ift.tt/2U372a2

  • 3 high quality ASX shares to buy and hold for decades

    buy and hold

    As I mentioned here earlier, one of the best ways to grow your wealth is to invest in the share market with a long term view.

    This is because by investing over a long period, investors can take advantage of compound interest.

    Compound interest is the interest that you earn on interest.

    It explains why a $50,000 investment generating a 9.5% return would turn into ~$125,000 in 10 years.

    It also explains why this investment would grow by a further $185,000 to ~$310,000 during the next 10 years and then finally by another $450,000 to ~$760,000 over the following 10 years.

    With that in mind, here are three ASX shares which I think would be great buy and hold investments:

    a2 Milk Company Ltd (ASX: A2M)

    I think a2 Milk Company could be a great long term investment option for investors. It has been growing at a very strong rate over the last few years and shows no signs of slowing. Especially given the increasing demand for its infant formula in China and the growing footprint of its fresh milk.

    Altium Limited (ASX: ALU)

    Another buy and hold option to consider is Altium. It is an award-winning printed circuit board (PCB) design software provider. Over the last few years it has been growing at a rapid rate thanks to the proliferation of electronic devices. This is because almost all electronic devices have PCBs inside them. And with the Internet of Things boom still accelerating, the future looks very bright for Altium.

    Kogan.com Ltd (ASX: KGN)

    A final share to consider as a buy and hold investment is Kogan. It is a growing ecommerce company which is benefiting greatly from the structural change that is happening in the retail industry. This change has been accelerated by the pandemic and looks set to drive strong earnings growth for Kogan over the next decade and beyond.

    And here are more top shares to consider. All five recommendations below look very cheap after the crash…

    NEW! 5 Cheap Stocks With Massive Upside Potential

    Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.

    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.

    YES! SEND ME THE FREE REPORT!

    As of 2/6/2020

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of A2 Milk and Altium. 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 high quality ASX shares to buy and hold for decades appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/2XYVsOv

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