On Wednesday, Gilead Sciences announced that it would soon begin enrolling volunteers for the next phase of its Remdesivir trial. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about Gilead Science’s trial on The Final Round.
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With interest rates at such low levels, it is nearly impossible to earn a sufficient income from term deposits and savings accounts.
But don’t worry, because the share market is here to save the day with countless dividend shares offering generous yields.
But which dividend shares should you buy? Three to consider are listed below:
I think the Big Australian would be a great dividend share to buy if you’re not averse to investing in the resources sector. Thanks to favourable commodity prices, I believe BHP is well-positioned to deliver strong free cash flows over the coming years. And given how robust its balance sheet is at present, I suspect the majority of this free cash flow will be returned to shareholders. I estimate that the mining giant’s shares currently offer investors with a forward fully franked ~5% dividend yield.
Another dividend share to consider buying is this toll road operator. Transurban owns a portfolio of key toll roads in Australia and North America. Although its performance this year will be impacted by a significant decline in traffic volumes because of the pandemic, I believe volumes will now be recovering and could return to previous levels again next year. As a result, I believe it could be a great time to consider a long term and patient investment. I estimate that its shares offer a 3.3% FY 2021 distribution yield.
A sharp pullback in this wine company’s share price over the last six months could be a buying opportunity for patient income investors. While its performance in FY 2020 has been underwhelming (even before the pandemic), I believe it does have a positive long term outlook. This is due to the strong demand for its wines in China and its premiumisation strategy. Its shares currently offer a trailing 3.4% dividend yield. And while this dividend is likely to be cut in response to the pandemic, I believe it will rebound in FY 2021/2022. This could make it worth considering with a long term view.
3 “Double Down” Stocks To Ride The Bull Market
Motley Fool resident tech stock expert Dr. Anirban Mahanti has stumbled upon three under-the-radar stock picks he believes could be some of the greatest discoveries of his investing career.
He’s so confident in their future prospects that he has issued “double down” buy alerts on each of these three stocks to members of his Motley Fool Extreme Opportunities stock picking service.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of Transurban Group. 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.
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On Wednesday the S&P/ASX 200 Index (ASX: XJO) continued its positive run and stormed higher again. The benchmark index jumped 0.8% to 5,991.8 points.
Will the market be able to build on this on Thursday? Here are five things to watch:
The ASX 200 looks set to end its winning streak on Thursday. According to the latest SPI futures, the benchmark index is poised to open the day 32 points or 0.55% lower this morning. This follows a disappointing night of trade on Wall Street which saw the Dow Jones fall 0.65%, the S&P 500 drop 0.35%, and the Nasdaq index edge 0.15% higher.
Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could come under pressure on Thursday after a weak night for oil prices. According to Bloomberg, the WTI crude oil price fell 1.7% to US$37.74 a barrel and the Brent crude oil price dropped 1% to US$40.58 a barrel. Traders were selling oil amid increasing oversupply fears.
Gold miners including Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) will be on watch today after the gold price edged ever so slightly higher. According to CNBC, the spot gold price is up 0.05% to US$1,737.30 an ounce.
The Westpac Banking Corp (ASX: WBC) share price could be on the move after it dumped its remaining stake in Pendal Group Ltd (ASX: PDL). Westpac has agreed a fully underwritten offer of ~31 million Pendal shares to institutional investors. This represents approximately 9.5% of Pendal’s shares on issue. The banking giant has agreed to sell the shares for $5.98 per share. This represents a discount of 4% to Pendal’s last close price. It also warned that it may withdraw its funds under management in the future.
Later today the Australian Bureau of Statistics will release its employment data. The Reserve Bank has previously stated that it believes the unemployment rate could jump as high as 10%. Whereas Westpac is forecasting an unemployment rate of 7.4% It said: “With an upside risk to participation for families getting some relief in childcare, and a downside risk on employment, we see an upside risk to our 7.4% forecast for unemployment.”
One trick to potentially generating life-changing wealth from the stock market is to buy early-stage growth companies when their share prices still look dirt cheap.
Motley Fool’s resident tech stock expert Dr. Anirban Mahanti has identified 5 stocks he thinks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia has no position in any of the stocks mentioned. 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 5 things to watch on the ASX 200 on Thursday appeared first on Motley Fool Australia.
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