Henry Morley, Founder & CEO of True Luxury Travel, joined Yahoo Finance’s The Final Round to discuss summer travel trends and why his clients have been turning to ‘drive to’ and ‘off grid’ destinations.
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What summer travel in the US will look like this year
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Cramer Advises His Viewers On Upwork, GE And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said there is no need to trade out of Upwork Inc (NASDAQ: UPWK). He likes the stock.General Electric Company (NYSE: GE) is entering a restructuring mode and it probably won't have anything good to say until 2021, explained Cramer. He added that a patient person could get a payoff.Instead of Goodyear Tire & Rubber Co (NASDAQ: GT), Cramer would rather buy AutoZone, Inc. (NYSE: AZO).Cramer prefers Zillow Group Inc (NASDAQ: ZG) over CoStar Group Inc (NASDAQ: CSGP).U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) is up too much, said Cramer. He wants to do more work on the stock before he makes a recommendation.Goldman Sachs Group Inc (NYSE: GS) has got some upside, thinks Cramer. His charitable trust owns it and he would hold on to it.See more from Benzinga * Cramer Shares His Thoughts On Teva, Oxford Industries And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Where to invest $10,000 into ASX shares next week
If you’re interested in adding some new ASX shares to your portfolio, then the three listed below could be worth considering next week.
I believe they could be among the best shares on the ASX and destined to be strong performers over the next few years. Here’s why I would invest $10,000 into them when the market reopens:
Appen Ltd (ASX: APX)
I believe that Appen could be one of the best shares on the ASX. It provides or improves the data that is used for the development of machine learning and artificial intelligence products. Given how important these products are becoming for businesses, you won’t be surprised to learn that demand for its services has been growing rapidly. I’m confident this demand will remain strong for many years to come and underpin above-average earnings growth over the 2020s.
Pushpay Holdings Ltd (ASX: PPH)
Another ASX share to consider buying is this donor management system provider. The number of churches using Pushpay’s platform has been increasing at a strong rate over the last few years and has driven stellar revenue growth. In FY 2020, for example, Pushpay reported a 42% increase in customer numbers to 10,896. Pleasingly, this is just scratching the surface of its huge opportunity in a niche but lucrative market. Demand for its platform has been particularly strong this year and recently led to management upgrading its guidance for FY 2021. It now expects earnings before interest, tax, depreciation and amortisation (EBITDA) of US$50 million to US$54 million, up from its previous guidance of US$48 million to US$53 million. This will be double FY 2020’s earnings.
Xero Limited (ASX: XRO)
A third ASX share to look at buying is Xero. It is a cloud accounting software company which has been a very strong performer over the last few years. This positive form continued in FY 2020 when Xero once again delivered impressive top line growth of 30% year on year. And due to its increasing margins thanks to the benefits of operating leverage, its EBITDA grew 52% to NZ$139.2 million. I’m confident Xero still has a long runway for growth thanks to its massive global market opportunity and its high quality and sticky product.
And here are more exciting shares which could be stars of the future…
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- What is the price/earnings (p/e) ratio?
- How to become a millionaire in 25 years with $20 a day
- These were the best performers on the ASX 200 last week
- ASX 200 up 0.9%: Big four banks rebound, Appen hits record high
- ASX tech shares: 2 exciting small caps to watch closely
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 Xero. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of Appen Ltd. 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 Where to invest $10,000 into ASX shares next week appeared first on Motley Fool Australia.
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PFE | Pfizer and German partner BioNTech SE said Tuesday they’ve begun delivering doses of their coronavirus vaccine to US candidates with trials in Germany already underway.
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PFE | Pfizer and German Parker BioNTech SE have begun delivering doses of their coronavirus vaccine for human testing US, trials in Germany already underway.