Author: openjargon

  • Here are the 2 ASX shares I might buy next

    Two people smiling at each other while running.

    It’s been a while since I initiated a new position in my ASX share portfolio. Sure, I’ve topped up a couple of my favourite existing positions in the past few months. But I haven’t found any new investments I’ve liked in a while now. At least not enough to prompt enough conviction to part with my own money.

    However, that might change very soon. Two investments on the ASX have caught my eye in recent weeks, and there’s a good chance that my next ASX buy will be one of them.

    The 2 ASX shares that I might buy next

    Infratil Ltd (ASX: IFT)

    Infratil is a rather unusual ASX share. It is a New Zealand-based conglomerate similar to Washington H. Soul Pattinson and Co Ltd (ASX: SOL) in that it owns a vast portfolio of underlying assets that it manages on behalf of its shareholders. In Infratil’s case, these are mostly private investments in the renewable energy, infrastructure and healthcare spaces.

    Infratil has been around for a very long time (120 years). Over this period, it has consistently brought it home for shareholders, targeting a total return rate of 11-15% per annum.

    It has also delivered on this, with the company reporting that investors have enjoyed a total return (assuming dividends are reinvested) of 21.4% per annum over the 10 years to 29 February 2024.

    This track record, combined with Infratil’s defensive yet diverse portfolio of investments, indicates a high level of quality to me. As such, I can see myself adding this company to my ASX share portfolio in the near future.

    Regal Investment Fund (ASX: RF1)

    The Regal Investment Fund is a listed investment trust (LIT) on the ASX. It’s a fairly complicated setup comprising stakes in a number of other investments provided by its owner, Regal Partners Ltd (ASX: RPL).

    These investments mostly consist of ‘alternative assets’, including water entitlements, a long-short strategy, private credit and resources royalties.

    This LIT is designed to deliver meaningful, risk-adjusted returns with limited correlations to the broader share market. It has notched up some impressive performance wins since listing in 2019, achieving an average of 27.2% per annum over the four years to 30 April and 19.3% per annum since inception.

    I like this investment from a diversification view and appreciate its rather stunning past returns. Whilst this LIT doesn’t come cheap (charging 1.5% per annum in fees as well as a performance levy on returns above the cash rate), it’s still on my watchlist right now.

    If the Regal Investment Fund can keep up its impressive performance track record, it might find itself in my ASX share portfolio.

    The post Here are the 2 ASX shares I might buy next appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Infratil Limited right now?

    Before you buy Infratil Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Infratil Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Sebastian Bowen has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Buy Rio Tinto and these ASX 200 dividend shares

    Excited woman holding out $100 notes, symbolising dividends.

    Investors that are on the lookout for some ASX 200 dividend shares to buy for their income portfolio may want to consider the three listed below.

    They have been named as buys and tipped to offer above-average dividend yields in the near term. Here’s what you need to know about them:

    IPH Ltd (ASX: IPH)

    The first ASX 200 dividend share to look at is IPH. It is an international intellectual property (IP) services group with a network of member firms working throughout ten IP jurisdictions and servicing clients in more than 25 countries.

    The team at Goldman Sachs is positive on the company. It believes it has a positive outlook thanks to organic growth and defensive earnings.

    Its analysts are expecting this to support the payment of fully franked dividends per share of 34 cents in FY 2024 and 37 cents in FY 2025. Based on the current IPH share price of $6.11, this represents yields of 5.55% and 6%, respectively.

    Goldman has a buy rating and $8.70 price target on its shares.

    Rio Tinto Ltd (ASX: RIO)

    Another ASX 200 dividend share that could be a buy right now according to Goldman Sachs is Rio Tinto.

    It is of course one of the world’s largest miners. It produces metals and minerals that are found everywhere in everyday life. This includes aluminium for cars, copper for renewable energy technologies, iron ore for the steel, and lithium for electric vehicles.

    Goldman Sachs sees value in the miner’s shares at current levels and expects some great dividend yields.

    In respect to the latter, the broker is expecting fully franked dividends per share of US$4.29 (A$6.42) in FY 2024 and then US$4.55 (A$6.81) in FY 2025. Based on the latest Rio Tinto share price of $130.39, this will mean yields of approximately 4.9% and 5.2%, respectively.

    Goldman has a buy rating and $138.90 price target on its shares.

    Transurban Group (ASX: TCL)

    A third ASX 200 dividend share that could be a buy is Transurban.

    It is one of the world’s leading toll road operators, building and operating toll roads in Melbourne, Sydney and Brisbane, as well as in North America. This includes CityLink, Cross City Tunnel, and AirportlinkM7.

    Citi is feeling positive about the company and is expecting some good yields from its shares in the near term. It is forecasting dividends per share of 63.6 cents in FY 2024 and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.48, this will mean yields of 5.1% and 5.2%, respectively.

    Citi has a buy rating and $15.50 price target on Transurban’s shares.

    The post Buy Rio Tinto and these ASX 200 dividend shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Iph right now?

    Before you buy Iph shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Iph wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has recommended IPH. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • The US is worried about an invasion, but China could take control of Taiwan without firing a shot, war experts warn

    The Taiwan M109 speed boats maneuver on the sea during a military drill on January 31, 2024 in Kaohsiung, Taiwan.
    The Taiwan M109 speed boats maneuver on the sea during a military drill on January 31, 2024 in Kaohsiung, Taiwan.

    • The US and its allies are focused on preventing a Chinese invasion of Taiwan. 
    • A new report argues there's a lack of readiness for other ways China could take control of Taiwan.
    • An aggressive Chinese coercion campaign is far more likely than an invasion and already happening, experts warn.

    With the US and its allies focused on what a Chinese invasion of Taiwan could look like, and how American forces could defend Taiwan if necessary, they're missing a glaring alternative strategy China could employ to capture Taiwan, a new report argues.

    Defense experts say that an aggressive Chinese coercion campaign, short of war but still threatening, is more likely than a full-scale invasion and the US needs to prepare for such an event.

    A new report co-authored by war experts from the American Enterprise Institute and the Institute for the Study of War explores a scenario where China undergoes a "coercion campaign that remains far short of invasion but nevertheless brings Taiwan under Beijing's control," identifying such an event as a "significant gap in US strategic thought."

    Elements of such a campaign are already underway and include China's military exercises both in the Taiwan Strait and around the island, which are growing in scale and raising worries about escalation. Economic and diplomatic pressure is notable, and Chinese misinformation operations and the potential to slowly set up a blockade of Taiwan are also concerns.

    The increasing Chinese military presence around Taiwan, the report says, could exhaust and overwhelm Taiwan's military and fuel a narrative that it is unable to defend the island, decreasing "trust in the military and feelings of security among the Taiwanese populace."

    Taiwan's AAV7 amphibious assault vehicle maneuvers across the sea during the Han Kuang military exercise, which simulates China's People's Liberation Army (PLA) invading the island, on July 28, 2022 in Pingtung, Taiwan.
    Taiwan's AAV7 amphibious assault vehicle maneuvers across the sea during the Han Kuang military exercise, which simulates China's People's Liberation Army (PLA) invading the island, on July 28, 2022 in Pingtung, Taiwan.

    The report identifies four things key to resisting Chinese coercion. The first is a US-Taiwanese strategic relationship that foregoes concerns that "cooperation directly precipitates further escalation, whereas peace and prosperity are just around the corner if this partnership is halted."

    Second, Taiwan's government must function despite Chinese efforts to undermine it in the eyes of the Taiwanese people through things like "economic warfare, cyber warfare, sabotage, rigorous (and pseudo-legal) inspections of ships carrying goods to Taiwan, air and sea closures, electronic warfare, and propaganda critical of government mismanagement."

    These efforts include significantly degrading Taiwan's essential services, like clean water and electricity.

    The third point is that Taiwanese people must resist Chinese "cognitive and psychological campaigns" aimed at breaking their rejection of the Chinese government, including "intimidating supporters of resistance, sowing doubt and fear among the population, and generating demands to trade political concessions for peace."

    And lastly, there has to be resistance against "widespread information campaigns" that "aim to decrease the US public's and political leadership's willingness to support Taiwan." Such campaigns are already occurring, prompting anxiety that the US public and government may see getting involved in defending Taiwan as heightening risks of war at a significant cost with little to gain. The AEI and ISW experts argue that is not the case.

    Notably, the report says that "Taiwan is strategically vital to the larger US-led coalition to contain" China, arguing that a US-friendly Taiwan links America's allies in the northwestern Pacific with US partners and allies to the south."

    A China-controlled Taiwan, however, "would become a springboard for further PRC aggression and would seriously compromise the US-led coalition's ability to operate cohesively."

    A US-made AH-1W Super Cobra helicopter launches flares during an annual drill at the a military base in the eastern city of Hualien on January 30, 2018.
    A US-made AH-1W Super Cobra helicopter launches flares during an annual drill at the a military base in the eastern city of Hualien on January 30, 2018.

    The authors of the new report present coordinated actions China could pursue to prompt Taiwan and its partners to accept reunification, referring to it as a "short-of-war coercion course of action."

    Some of Beijing's biggest problems are Taiwanese resistance to China, which continues to grow, especially after the historic election of Democratic Progressive Party candidate Lai Ching-te, who is currently the vice president, in January, and continued support from the US and its regional allies.

    The new report looks at a hypothetical timeline that begins with the inauguration of Lai this month and leads into 2028, imaging how China and Taiwan could, by that point, come to a "peace" agreement. China could ultimately be successful in such a campaign, the authors say, if the US and its allies fail to recognize Beijing's coercive tactics or strategically plan to deter them.

    The US must clearly "recognize the possibility and danger of a coercion campaign that is far more intense than the one currently ongoing against Taiwan and develop ways to prevent Taiwan's isolation through means short of war," they write.

    The report's authors argue that "increased efforts in the information domain will be key to ensuring that the US government and friendly international audiences do not fall prey to [Chinese] information operations intended to reshape the way Americans and key international actors think."

    CM-11 tanks fire artillery during the 2-day live-fire drill, amid intensifying threats military from China, in Pingtung county, Taiwan, 7 September 2022.
    CM-11 tanks fire artillery during the 2-day live-fire drill, amid intensifying threats military from China, in Pingtung county, Taiwan, 7 September 2022.

    US-Taiwanese relations and concerns about an aggressive China in the Pacific region are often at the forefront of the minds of US officials and experts, but the focus is frequently on hard power elements, even if there is recognition of some of the coercive aspects of Chinese behavior.

    In March, US Navy Adm. John Aquilano, then the commander of US Indo-Pacific Command, stressed that China was pursuing a massive military build-up not seen since World War II and "all indications" pointed to it "meeting President Xi Jinping's directive to be ready to invade Taiwan by 2027." He also told the US Armed Services House Committee China's actions indicated it would ready to unify Taiwan by force, if necessary.

    Aquilano urged lawmakers to intensify the US' military development and posturing in the Pacific in order to deter such a fight.

    And, earlier this month, over a dozen US lawmakers wrote to US Navy Secretary Carlos Del Toro and Air Force Secretary Frank Kendall, raising concerns about what preparations were being made to harden the US presence in the Pacific and deter military action from China.

    Of the lawmakers' concerns, the most prominent appeared to be the lack of active and passive defenses protecting US bases in the area, specifically on Guam and in Japan. "We are concerned about the alarming lack of urgency by the Department of Defense in adopting such defensive measures," they wrote, adding that "it is apparent that the Pentagon is not urgently pursuing needed passive defenses" to harden US bases and airfields from a vicious, preemptive strike by China's threatening missile force.

    Read the original article on Business Insider
  • Reddit announces another big data-sharing AI deal — this time with OpenAI

    Reddit logo with stock fever lines going up and down in the background
    OpenAI and Reddit struck a new partnership.

    • OpenAI and Reddit are teaming up together in a new partnership.
    • Reddit's content will help train OpenAI's models, the companies announced Thursday.
    • Reddit, meanwhile, gains a new advertising partner in OpenAI. 

    OpenAI and Reddit announced a new partnership on Thursday in a move that will bring the social media platform's popular content to ChatGPT.

    The mutually beneficial deal will help Reddit to further diversify its revenue streams and give OpenAI more data to better train its AI models.

    "OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities," the companies said in a joint statement.

    OpenAI will also gain access to Reddit's Data API, which will enable the company's AI tools to "better understand and showcase Reddit content, especially on recent topics," according to the announcement.

    Reddit, meanwhile, will gain a new advertising partner in OpenAI. The value of the deal was not disclosed.

    The news sent Reddit shares soaring $12 in extended trade, Reuters reported.

    OpenAI CEO Sam Altman, who holds a sizable stake in Reddit, already reaped a windfall earlier this year when the company went public in March. The Thursday announcement included a disclosure of Altman's shareholder status, confirming the partnership was led by OpenAI's COO and approved by its independent board of directors.

    This is a breaking story. Check back for updates.

    Read the original article on Business Insider
  • As Michael Cohen’s testimony droned on, the real hush-money show moved outdoors with crude balloons and a ‘Beetlejuice’ chant

    A penis balloon with a picture of Jack Smith floats outside Trump's criminal trial. In another moment, a protestor confronts GOP lawmakers.
    The wild scene outside former President Donald Trump's criminal trial rose to a new level Thursday when visitors released penis-shaped balloons and protestors heckled GOP lawmakers.

    • Former Trump lawyer Michael Cohen spent his third day on the stand in the NY hush money trial.
    • As his testimony droned on, the real show was outside, where political stunts were plentiful.
    • There were penis-shaped balloons, and chants of "Beetlejuice!" during a speech by Lauren Boebert.

    It was just after noon when giant, agitprop penises began flying past the sooty limestone facade of the criminal court in Manhattan.

    It was just one of the political pranks seen outside the hush-money trial Thursday — and it was a heck-of-a-lot more interesting than the testimony droning on inside.

    Up on the 15th floor, Donald Trump was on trial for falsifying business records. Key prosecution witness and former Trump attorney Michael Cohen calmly batted away a second day of defense questions about his honesty and motives.

    But on the street right outside the front doors, a prankster tried to release dozens of pro-Trump helium balloons from the back of a U-Haul truck.

    He managed to send only a dozen or so sailing slowly skyward before court officers ordered him to cut it out.

    A balloon in the shape of a penis with Jack Smith's image attached to it
    A pro-Trump protestor released penis balloons, including one with the mage of special counsel Jack Smith, outside the trial. Smith has no connection to the Manhattan trial.

    The balloons were shiny and pink, and bore images of judges and prosecutors who have offended Donald Trump over the past two years, including special prosecutor Jack Smith and the hush-money judge, New York Supreme Court Justice Juan Merchan.

    Others depicted Alvin Bragg, the Manhattan district attorney who won the felony indictment now on trial.

    https://platform.twitter.com/widgets.js

    There were anti-Trump antics outside court on Thursday as well.

    At one point, hecklers yelled "Beetlejuice" at Rep. Lauren Boebert of Colorado, and one tried to hand her a copy of a "Beetlejuice The Musical" playbill to autograph.

    https://platform.twitter.com/widgets.js

    They were not trying to summon Michael Keaton's famous character, but rather trolling the Trump ally over her now-infamous episode, in which she was kicked out of a Colorado production of the "Beetlejuice" musical after being loud and getting handsy with her date.

    She later apologized for her actions at the theater.

    Lauren Boebert looks a someone about to hand her a "Beetlejuice" Playbill.
    Rep. Lauren Boebert, a Colorado Republican, was trolled over her now infamous episode when she got kicked out of a Colorado production of Beetlejuice.

    Republican members of the far-right House Freedom Caucus became the latest group of loyal Trump followers to mount an al fresco show of support for the former president.

    Their presence is about more than just loyalty. As Rep. Matt Gaetz of Florida outlined, they can attack witnesses in ways Trump cannot due to his gag order. Merchan has threatened to jail Trump if he runs afoul of the order again.

    "We're here of our own volition because there are things we can say that President Trump is unjustly not allowed to say," Gaetz told reporters.

    Ralph Norman holds up an image of Donald Trump behind bars
    Rep. Ralph Norman, a South Carolina Republican, said the goal of the trial was to put former President Donald Trump behind bars.

    By day's end on Thursday, one deflated penis balloon had switched sides.

    It wound up as part of a "Convict Trump" sign being waved outside the nearby federal courthouse, where another jury had just heard opening statements in the corruption trial of Sen. Robert Menendez, a Democrat from New Jersey.

    An anti-Trump protester outside the Manhattan federal corruption trial of New Jersey Democrat Sen. Robert Menendez.
    An anti-Trump protester outside the Manhattan federal corruption trial of New Jersey Democrat Sen. Robert Menendez.

    Other political protests around the courthouse have been more muted during the trial's five weeks. (Testimony may conclude as early as Monday, the judge said Thursday.)

    Pro-Trump crowds there rarely exceeded 50 people.

    But that was not the case on Thursday, when even the trash cans were themed.

    https://platform.twitter.com/widgets.js

    Read the original article on Business Insider
  • Ukraine’s getting more longe-range missiles that leave the Russians with ‘nowhere to hide’

    An ATACMS missile being fired at night
    In this handout image released by the South Korean Defense Ministry, an Army Tactical Missile System is fired during a joint training between the United States and South Korea on Oct. 5, 2022 at an undisclosed location.

    • Ukraine's Western allies have promised to send it more long-range missiles.
    • Kyiv has already demonstrated it can use ATACMS and Storm Shadows to hit high-value Russian targets.
    • Former US military officers say more of these missiles will expose Russia on the battlefield.

    NATO countries are outfitting Ukraine with additional long-range precision missiles that have already been used by the country to strike Russian airfields, naval headquarters, bridges, and other high-value targets.

    These Western-provided missiles give Ukraine's deep-strike capability a major firepower boost. Former US military officers told Business Insider that the munitions could help Kyiv go after locations that are essential to Russia's operations, and leave its combat and support forces with "nowhere to hide."

    Ukraine is facing Russian offensives that may get more intense going into the summer, but these weapons could help hamstring Moscow's efforts.

    "If you're worried about Russian forces overrunning your defenses, you want to go after the headquarters and you want to go after the logistics that would enable Russian attacks," said Ben Hodges, a retired lieutenant general and former commander of US Army Europe.

    ATACMS Army Tactical Missile System
    An Army Tactical Missile System during live-fire testing at White Sands Missile Range in New Mexico on Dec. 14, 2021

    The US last month acknowledged that it had secretly shipped Ukraine a number of MGM-140 Army Tactical Missile Systems, also known as ATACMS — earlier this spring as part of a $300 million weapons package it announced in March. The number of missiles isn't publicly known, but ATACMS missiles average about $1.3 million each.

    Jake Sullivan, the Biden administration's national security advisor, said in late April that the US would send Ukraine more ATACMS after passing a $61 billion aid package that spent months held up by Republicans in Congress. The legislation required that Washington transfer the munitions.

    ATACMS are tactical ballistic missiles that come in several variants. Ukraine previously received ones that have a range of 100 miles and can disperse nearly 1,000 submunitions over a large area, making them particularly damaging to airfields. Last fall, Kyiv used the missiles for that exact purpose.

    The US also has ATACMS that can travel up to 190 miles; one variant has a unitary warhead, while the other can scatter some 300 submunitions. Ukraine has long pressed Washington for these extended-range missiles, though it's unclear what Kyiv has actually obtained.

    A still from a video shared by the General Staff of the Ukrainian Armed Forces of ATACMS in use at night time
    A still from a video shared by the Ukrainian military of ATACMS in use.

    Around the same time, in late April, the UK announced it would send Ukraine additional Storm Shadow cruise missiles as part of the country's largest-ever weapons package (£500 million, or $633 million), which included over 1,600 strike and air-defense munitions.

    Days later, Britain's defense minister Grant Shapps disclosed for the first time that Italy had, at some point, also supplied Kyiv with Storm Shadow cruise missiles (France has sent Kyiv its own version of the munition called SCALP-EG).

    These air-dropped missiles can fly at low altitudes to avoid detection and have been used to strike Russian naval headquarters and vehicle-repair depots in the occupied Crimean peninsula. Their 155-mile range puts them in between the ATACMS variants.

    It's unclear exactly how many ATACMS and Storm Shadow missiles have already arrived in Ukraine this spring, nor is it known how many more the country can expect to receive in the coming weeks as it tries to stall Russia's momentum on the ground. Kyiv previously obtained a limited number of both munitions from the US and its European allies.

    A MBDA Storm Shadow/Scalp missile at the Farnborough Airshow, UK.
    A MBDA Storm Shadow/SCALP missile at the Farnborough Airshow in UK on July 17, 2018.

    A larger arsenal of missiles could strip Russia of its ability to stage crucial assets within 100 miles of the front lines, said Dan Rice, a former US Army artillery officer who previously served as a special advisor to Ukrainian military leadership. "That puts tremendous pressure on all of their key high-value targets."

    "You have a 600-mile front and then you've got a hundred miles deep — where do you hide everything?" said Rice, a longtime advocate for sending cluster munitions to Ukraine and now the president of American University Kyiv. "Your transportation nodes, your railway stations, your supply depots, command and control — most importantly, your anti-aircraft systems."

    Ukraine's battlefield reach has steadily grown throughout the full-scale war. What started out with short-range artillery improved over time with the arrival of US-provided High Mobility Artillery Rocket Systems, or HIMARS. These game-changing weapons suddenly put Russian logistics centers, ammunition dumps, and command and control nodes within firing range.

    Russia adapted to the HIMARS by moving its critical assets out of reach and jamming the munitions. The arrival of Storm Shadow missiles — and, several months later, ATAMCS — presented new challenges for Moscow, but Ukraine has received so few it has had to bee choosy over what to target.

    HIMARS
    A M142 HIMARS launches a rocket in Donetsk Oblast, Ukraine, on May 18, 2023.

    Hodges and Rice say a larger arsenal of ATACMS and Storm Shadows can give Ukraine both the reach and inventory to smash the high-value targets that sustain Moscow's war efforts like supply depots and maintenance facilities. Indeed, Kyiv has used the American missiles in recent weeks to strike Russian airfields and troop gatherings.

    "When you start taking those off the board, then it doesn't matter how much untrained, mass infantry — cannon fodder — that the Russians have," Hodges said. "I think long-range precision strike is becoming the dominant factor on the battlefield."

    Missiles like ATACMS and Storm Shadow "will enable Ukraine to neutralize Russia's advantages and eventually enable them to regain the initiative," he added. Ukraine has also long sought Germany's Taurus missile, whose range is more than a 100 miles farther than ATACMS, but Berlin has so far declined to provide them.

    The increased arsenal comes at a critical point. Russia is making gains on the battlefield as its bigger war industry shifts to mass-producing the drones and glide bombs that are pounding Ukraine's defenses.

    Image of a  FAB-500 bomb taken from a Russian Su-34 bomber.
    Russian Su-34 bombers used FAB-500 bombs with high-precision guidance hit Ukrainian fortifications and troops in the direction of Avdiivka on March 8, 2024.

    Ultimately, however, the effectiveness of Kyiv's long-range strike regime depends on how many munitions it receives — and how it uses them. Ukraine had long been restricted to using ATACMS and Storm Shadow missiles only inside occupied territory, although the UK recently agreed to let Kyiv use its weapons to strike inside Russia.

    Whether or not the US follows suit remains to be seen. Analysts and officials have said that US restrictions went on to prevent Ukraine from putting up an effective defense and have essentially allowed Russia to conduct a new assault in the northeastern Kharkiv region.

    The advances appear to be the start of Moscow's anticipated summer offensive, as Ukrainian forces are increasingly stretched out across the front, Jack Watling, a senior research fellow at the Royal United Services Institute think tank, warned in an analysis this week.

    "The outlook in Ukraine is bleak," Watling said. "However, if Ukraine's allies engage now to replenish Ukrainian munitions stockpiles, help to establish a robust training pipeline, and make the industrial investments to sustain the effort, then Russia's summer offensive can be blunted, and Ukraine will receive the breathing space it needs to regain the initiative."

    Read the original article on Business Insider
  • 16 House Democrats vote to force Biden to deliver withheld aid to Israel

    Rep. Ritchie Torres of New York was among the House Democrats who voted for the GOP-led bill.
    Rep. Ritchie Torres of New York was among the House Democrats who voted for the GOP-led bill.

    • Biden is withholding some military aid to Israel over concerns with its war in Gaza.
    • House Republicans put forward a bill designed to force Biden to deliver that aid anyway.
    • All but a handful of House Democrats voted against it.

    16 House Democrats on Thursday voted for a bill designed to force President Joe Biden to provide all military aid to Israel — or risk the defunding of crucial national security-related offices.

    That included Reps. Matthew Cartwright of Pennsylvania, Greg Landsman of Ohio, Jared Golden of Maine, and Tom Suozzi and Ritchie Torres of New York.

    Three Republicans — including Rep. Thomas Massie of Kentucky, Marjorie Taylor Greene of Georgia, and Warren Davidson of Ohio — voted against it.

    The bill easily passed the House on an otherwise party-line vote, with almost every Republican voting for it and the vast majority of Democrats voting against it.

    But it will not be taken up in the Democratic-controlled Senate and President Joe Biden has threatened to veto the bill, which was proposed by Republicans after Biden revealed that he was withholding some offensive weapons from Israel over concerns about the Jewish state's invasion Rafah, a city in southern Gaza where hundreds of thousands of Palestinian refugees are located.

    Republicans in particular have sought to hit Biden for that move, including Rep. Cory Mills of Florida, a Republican who voted against Israel aid but has now introduced articles of impeachment against Biden for withholding that aid.

    Specifically, the "Israel Security Assistance Support Act" does the following:

    • condemns Biden's decision and calls on him to provide all of the approved aid to Israel;
    • strips the salaries of any State Department or Pentagon employees who assist in withholding aid;
    • withholds funding for the Secretary of Defense, Secretary of State, and the National Security Council until all of the withheld aid has been delivered.

    The White House told members of Congress on Tuesday that it strongly opposes the bill, arguing that it "would undermine the President's ability to execute an effective foreign policy" and that it could "lead to spiraling unintended consequences" by constraining the president's ability to adjust assistance levels in the future.

    House Democratic leadership also pushed rank-and-file members hard to vote against the bill, prompting at least one Democrat to avoid stating his position ahead of time.

    "I know how I'm gonna vote, and nothing's gonna move me off of that," said Rep. Jared Golden of Maine, one of the most vulnerable swing-district Democrats in the House.

    Jewish Democrats ended up being split on the bill, with several of them arguing that Republicans were merely attempting to use Israel as a wedge to divide Democrats.

    Among them was Rep. Greg Landsman of Ohio, who told Business Insider in a statement that he would vote for the bill while calling on Republicans to amend it. He also argued more "clarity" is needed from the Biden administration on its Israel policy.

    Since October 7, the House has taken a variety of Israel-related votes that have split House Democrats, including one that equated anti-Zionism with antisemitism and another that was designed to crack down on campus antisemitism but faced free speech-related criticism.

    Last month, 37 House Democrats voted against a bill to provide the military aid to Israel that Biden is now partially withholding.

    This story will be updated with a full list of the House Democrats who voted for the bill when it becomes available via the House Clerk.

    Read the original article on Business Insider
  • 2 of the best ASX 200 blue chip shares to buy in May

    A group of businesspeople clapping.

    There are plenty of blue chip shares on the ASX 200 index. But which ones could be buys in May?

    Let’s take a look at two shares that are rated as best buys by a couple of leading brokers right now. They are as follows:

    Coles Group Ltd (ASX: COL)

    Analysts at Morgans think that this supermarket giant would be a great ASX 200 blue chip share to buy this month. So much so, the broker has added it to its best ideas list in May.

    It believes that recent share price weakness has created a buying opportunity for investors. The broker said:

    In our view, the ongoing scrutiny on the supermarkets has affected short term sentiment in the sector, which we believe creates a good buying opportunity in COL. While Liquor sales remain soft, we expect the core Supermarkets division (~92% of earnings) to continue to be supported by further improvement in product availability, reduction in total loss, greater in-home consumption due to cost-of-living pressures, and population growth.

    Morgans currently has an add rating and $18.95 price target on the company’s shares. This implies potential upside of 15% for investors over the next 12 months. The broker also expects a ~4% fully franked dividend yield from its shares.

    ResMed Inc. (ASX: RMD)

    The team at Bell Potter has named this sleep disorder treatment company as an ASX 200 blue chip share to buy. Its analysts have ResMed on their Australian Equities Panel. These are the broker’s favoured Australian equities that offer attractive risk-adjusted returns over the long term.

    Bell Potter likes the company due to its significant opportunity as a leader in obstructive sleep apnoea (OSA) and other sleep disorders. It said:

    The market for OSA and chronic obstructive pulmonary disease (COPD) remains under penetrated, and we expect industry volume growth to continue in the 6-8% range for the foreseeable future. In this regard, the competitive dynamics are very much in favour of RMD due to the Philips recall and improving semiconductor availability. Looking ahead, ResMed continues to expect device sales to be sequentially higher throughout CY2023. Furthermore, ResMed is well-positioned to build on its dominant share even after Philips returns to the global market, with the launch of its latest continuous positive airway pressure (CPAP) device, the Air Sense 11.

    The broker has a buy rating and $36.00 price target on its shares. This suggests potential upside of 9% is possible over the next 12 months.

    The post 2 of the best ASX 200 blue chip shares to buy in May appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Coles Group Limited right now?

    Before you buy Coles Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Coles Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended Coles Group and ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Buy one, sell the other: Goldman’s verdict on these 2 ASX 200 travel shares

    A smiling boy holds a toy plane aloft while a girl watches on from a car near an airport runway.

    Top broker Goldman Sachs reckons one of these ASX 200 travel shares could deliver 30% share price growth in just one year.

    Let’s review the broker’s latest analysis on Australia’s national carrier and ASX airline share Qantas Airways Limited (ASX: QAN) and global travel agency Flight Centre Travel Group Ltd (ASX: FLT).

    Why ASX 200 travel share Qantas is a buy

    Goldman has a buy rating on Qantas with a 12-month share price target of $8.05.

    The ASX 200 airline share closed at $6.15 on Thursday, down 0.49% for the day.

    So, Goldman’s price target implies a potential 31% upside for investors who buy Qantas shares today.

    The Qantas share price has lost 2.5% over the past 12 months.

    The last piece of price-sensitive news out of Qantas was on 6 May, when the company announced a settlement with the Australian Competition and Consumer Commission (ACCC) over misleading conduct.

    Qantas admitted it misled customers by advertising tickets for tens of thousands of flights it had already decided to cancel and cancelling other flights without informing ticketholders in a timely manner.

    Qantas will pay a civil penalty of $100 million plus $20 million to more than 86,000 affected customers.

    Goldman analysts Niraj Shah and Joseph Kusia say the ASX 200 travel stock is a key beneficiary of the post-pandemic travel recovery.

    They expect the airline’s traffic capacity to return to 95% of pre-COVID levels by FY24, with its earnings capacity to exceed pre-COVID levels by about 52%.

    They also forecast an approximate 24% FY19-24e cumulative uplift in unit revenues (c. 4.4% pa) and about a 50% drop-through of the company’s $1 billion structural cost-out program.

    The analysts concluded the ASX 200 travel share was not appropriately priced by the market, commenting:

    QAN’s current market capitalisation and enterprise value are 10% below and 11% below pre-COVID levels. As such, we believe QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity.

    We continue to see upside associated with substantially improved MT earnings capacity. 

    Some hedge funds have recently targeted the ASX 200 travel stock, driving short-selling to multi-year highs.

    Shah and Kusia outline some downside risks for Qantas:

    Slower-than-expected traffic recovery; structurally reduced travel demand post-pandemic; irrational domestic market pricing; higher than expected fuel prices and unfavourable fx.

    Why Flight Centre shares are a sell

    Goldman has a sell rating on Flight Centre with a 12-month share price target of $18.30.

    The ASX 200 travel share closed at $20.70 on Thursday, up 0.39% for the day.

    So, Goldman’s price forecast implies a potential 11.6% downside for investors who buy Flight Centre shares today.

    The Flight Centre share price has lost 3.3% over the past 12 months.

    The last price-sensitive news from Flight Centre came on 8 May. The company delivered a new investor presentation and trading update at the Macquarie Conference.

    Goldman analysts Lisa Deng and James Leigh said:

    FLT provided its trading update for 3Q24 and reiterated group underlying PBT guidance of A$300-340mn for FY24 (A$270 – A$310mn excluding Convertible Note amortisation).

    While our calculation of implied 3Q24 numbers suggests that there is slightly below-expectations run-rate in Corporate, this will likely be offset by above-expectations run-rate in Leisure.

    Net net, we continue to see recovery and competitive risks in Corporate per our downgrade in March 2024 and our thesis remains unchanged.

    However, the analysts can see some upside risks for Flight Centre, including:

    Higher Leisure revenue margin on business mix; 2) better-than-expected Corporate traveller and Corporate cost management; and 3) better-than-expected Corporate on market share gains.

    The post Buy one, sell the other: Goldman’s verdict on these 2 ASX 200 travel shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Flight Centre Travel Group Limited right now?

    Before you buy Flight Centre Travel Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Flight Centre Travel Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 5 things to watch on the ASX 200 on Friday

    On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a day to remember after softer than expected US inflation put a rocket under the share market. The benchmark index rose 1.65% to 7,881.3 points.

    Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

    ASX 200 poised to fall

    The Australian share market looks set to end the week in the red following a subdued session on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 35 points or 0.45% lower this morning. On Wall Street, the Dow Jones was down 0.1%, the S&P 500 fell 0.2%, and the NASDAQ was 0.25% lower. The Dow Jones briefly hit 40,000 points for the first time before giving back its gains.

    Oil prices rise

    ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a good finish to the week after oil prices edged higher overnight. According to Bloomberg, the WTI crude oil price is up 0.8% to US$79.60 a barrel and the Brent crude oil price is up 0.7% to US$84.19 a barrel. Traders have been bidding oil higher in response to falling US inventories and signs that inflation is easing.

    Buy Graincorp shares

    The Graincorp Ltd (ASX: GNC) share price could be good value according to analysts at Bell Potter. In response to the grain exporter’s half year results, the broker has reaffirmed its buy rating with an improved price target of $9.50. This implies potential upside of almost 17% for investors. In addition, the broker expects a 3.9% dividend yield from its shares. Commenting on the result, it said: “GNC reported a 1H24 underlying NPAT modestly ahead of our expectations at $56.5m (BPe $54.8m).”

    Gold price falls

    ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a poor finish to the week after the gold price tumbled overnight. According to CNBC, the spot gold price is down 0.45% to US$2,383.8 an ounce. This may have been driven by profit taking following a strong gain this week.

    Incitec Pivots shares are a buy

    Incitec Pivot Ltd (ASX: IPL) shares can keep climbing according to analysts at Goldman Sachs. In response to its well-received half year results, the broker has reaffirmed its buy rating on the fertiliser and commercial explosives company’s shares with an improved price target of $3.35. It commented: “Solid APAC pricing momentum, Fertiliser sale process ongoing & Transformational program flagged.”

    The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy Limited right now?

    Before you buy Beach Energy Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.