Stock Pick

Author: therawinformant

  • The Energy Transition Is an Oil Refinery Making Renewable Diesel

    The Energy Transition Is an Oil Refinery Making Renewable Diesel(Bloomberg) — In a sign of changing times, a U.S. oil refining company is converting one of its plants into a producer of clean fuel.HollyFrontier Corp.’s Cheyenne refinery will stop using crude oil and be repurposed to pump out renewable diesel, which is typically made from soybean oil, recycled cooking oil and animal fats. That’s after processing margins plummeted on the collapse in fuel demand due to Covid-19-related lockdowns. Besides, the old facility’s maintenance costs were “uncompetitive,” and the government is promoting cleaner fuel production.It’s the latest example of how the traditional fossil fuel industry is changing amid rising calls for the protection of the environment and increased demand for green sources of energy. Cheaper renewable energy projects have already led to decreasing coal output across the U.S., and now — in the wake of oil’s historic crash — some fuel producers are grappling with diminished returns from turning crude into fuel.“Demand for renewable diesel, as well as other lower carbon fuels, is growing and taking market share based on both consumer preferences and support from substantial federal and state government incentive programs,” Mike Jennings, chief executive officer of HollyFrontier, said in a statement Monday.The company expects to spend $125 million to $175 million to re-purpose Cheyenne to produce about 90 million gallons per year of renewable diesel by the first quarter of 2022. The plant will stop consuming crude oil at the end of July this year, and 200 workers will be laid off, according to HollyFrontier.The conversion plan comes as dozens of small refineries nationwide brace for a big spike in costs to comply with the Renewable Fuel Standard, which mandates they blend biofuel into gasoline or buy tradable credits to comply. For years, many small refineries have won exemptions from the mandate, but under a federal appeals court ruling in January, only refineries that have continually been granted waivers can count on getting them in the future.HollyFrontier is effectively shedding the Cheyenne refinery’s biofuel-blending obligation under the RFS and transforming it into a plant that stands to benefit from the program.Using the converted plant, HollyFrontier will be able to produce not just renewable diesel encouraged by the RFS but also compliance credits that can be sold separately. However the transition comes with other costs, as fewer workers will be necessary to run the converted plant. The RFS is effectively forcing the closure of a plant that generated tax revenue and jobs for Wyoming and mandating its replacement be a smaller plant that employs far fewer people to sell fuel to California, said a refining industry official who asked not to be named discussing industry strategy.Senator John Barrasso, a Republican from Wyoming, called the job cuts at the Cheyenne refinery “devastating.” Although the Covid-19 pandemic has hurt oil refineries, Barrasso also pinned blame on the Environmental Protection Agency’s handling of the Renewable Fuel Standard.“EPA has failed to protect small refineries from unreasonable compliance costs under the Renewable Fuel Standard,” Barrasso said in an emailed statement. “Congress mandated the agency protect refineries under the Clean Air Act” and “relief from the RFS is critical to small refineries.”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.

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  • Where to invest $5,000 into ASX 200 shares immediately

    asx growth shares to buy,

    This afternoon the Reserve Bank will make a decision on the cash rate. While there is speculation that rates could go to zero today, I’m not overly convinced this will be the case.

    However, what I am convinced about, is that rates will remain at ultra low levels for a long time to come.

    In light of this, if I had $5,000 in a savings account and no immediate use for it, I would invest it into the share market.

    Three top ASX 200 shares I would buy right now with these funds are named below:

    Appen Ltd (ASX: APX)

    Appen is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI). It has a team of over one million crowd-sourced experts preparing the data for the models of some of the world’s biggest tech companies. This is a vital part of the process and demand for its services is growing very strongly. And given the importance of AI and machine learning for big business, I expect this to be the case for a long time to come. In light of this, I believe Appen is well-placed to deliver strong earnings growth over the next decade.

    Aristocrat Leisure Limited (ASX: ALL)

    The Aristocrat Leisure share price has fallen heavily this year because of the pandemic. While its performance has inevitably been impacted by the crisis, I believe the selloff has been overdone. Especially given how I expect the gaming technology company to bounce back strongly when the crisis passes. This is due to its industry-leading poker machines and its growing digital business. The latter is experiencing very favourable tailwinds right now and is generating material recurring revenues.

    Bravura Solutions Ltd (ASX: BVS)

    Bravura Solutions is a growing financial technology company which offers a range of solutions to the wealth management and funds administration industries. While the company has a number of products in its portfolio, I’m most positive on the Sonata wealth management platform. This next generation wealth management platform has been a key driver of Bravura Solutions’ growth over the last few years. The good news is that I expect more of the same in the future thanks to it sizeable market opportunity.

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

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

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    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 Bravura Solutions Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Bravura Solutions 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 $5,000 into ASX 200 shares immediately appeared first on Motley Fool Australia.

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  • 3 ASX 200 resources shares to buy today

    2 people at mining site, bhp share price, mining shares

    There are some great value ASX 200 resources shares to buy right now. The S&P/ASX 200 Index (ASX: XJO) is down 12.94% in 2020 but the Aussie resources sector has so far underperformed the benchmark index. 

    It takes a savvy investor to sniff out value in such a complicated industry. For instance, you have to work out if ASX gold shares are better than iron ore shares. 

    While the Alumina Limited (ASX: AWC) share price is down 33.91% this year, others like Newcrest Mining Limited (ASX: NCM) have climbed higher.

    So, where are the best value Aussie mining shares right now?

    3 ASX 200 resources shares to buy today

    Speaking of Newcrest, I think it could be in the buy zone. The Aussie gold miner’s shares are up 4.11% this year and could be climbing higher.

    Investors are certainly bullish on the ASX 200 resources share. I’m not a big gold investor myself but Newcrest is certainly outperforming. If global gold prices remain high, the Newcrest share price could be one to watch.

    But it’s not the only ASX gold miner that’s potentially in the buy zone right now. I think St Barbara Ltd (ASX: SBM) is worth watching this year. The Aussie gold miner’s shares have surged 17.75% in 2020 thanks to high commodity prices.

    I also think some of the large ASX miners could be undervalued. 

    BHP Group Ltd (ASX: BHP) is one that I’ve got my eye on. BHP shares have been making a steady recovery in recent weeks but are still down by 8.79% in 2020.

    If we see iron ore prices continue to climb, BHP could be a bargain at $35.71 per share. The Aussie miner is far from a safe bet, but it does boast a $169.1 billion market capitalisation.

    Foolish takeaway

    There are a number of ASX 200 resources shares that could be undervalued in 2020. I think buying into the sector is a speculative play, but could be a valuable addition to a well-diversified portfolio.

    For more long-term buying options, check out these 5 ASX shares today!

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. 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 3 ASX 200 resources shares to buy today appeared first on Motley Fool Australia.

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  • These ASX shares just zoomed to multi-year highs

    man walking up line graph into clouds, asx shares all time high

    On Monday the S&P/ASX 200 Index (ASX: XJO) was on form and charged notably higher.

    While a good number of ASX shares pushed higher with the market, some climbed so strongly they hit multi-year highs or better.

    Three ASX shares that achieved this milestone are listed below. Here’s why they are flying high right now:

    Dicker Data Ltd (ASX: DDR)

    The Dicker Data share price continued its positive run and hit an all-time high of $8.22 on Monday. When the leading computer hardware and software distributor’s shares hit that level, it meant they were up 66% in 12 months. Investors have been buying the company’s shares after its strong performance in FY 2019 and even stronger start to FY 2020 despite the pandemic. Dicker Data recently revealed that its first quarter profits grew 36.3% on the prior corresponding period to $18.4 million. Pleasingly, it appears confident this strong form can continue. The company revealed that it intends to lift its fully franked dividend by 31% to 35.5 cents per share this year.

    Fortescue Metals Group Limited (ASX: FMG)

    The Fortescue share price was on form again and raced to a record high of $14.80. Investors have been fighting to get hold of the iron ore producer’s shares after the price of the steel making ingredient surged higher over the last 12 months. This has been driven largely by supply disruptions and robust demand. The spot iron ore price is currently trading above US$100 a tonne. This leaves Fortescue in a very strong position to profit greatly thanks to its low costs and improving production grades.

    Zoono Group Ltd (ASX: ZNO)

    The Zoono share price hit a multi-year high of $2.48 on Monday. This biotech company’s shares have been strong performers during the pandemic. This is due to the increasing demand it is experiencing for its surface and hand sanitisers. Demand has been so strong the company reported third quarter revenue of NZ$15.7 million, which was up from just NZ$1.75 million during the entire first half. The big question will be whether this level of sales can be maintained once the crisis passes. Investors appear to be betting that this is the new normal and hand sanitation has changed forever.

    Missed out on these gains? Then don’t miss out on these dirt cheap shares before they rebound…

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    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 Dicker Data 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 These ASX shares just zoomed to multi-year highs appeared first on Motley Fool Australia.

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  • 3 strong ASX dividend shares to buy right now

    word dividends on blue stylised background, dividend shares

    Later today the Reserve Bank will hold its monetary policy meeting for June. According to the latest cash rate futures, the market is currently pricing in a 45% probability of a rate cut to zero.

    While I’m not convinced rates will go lower again, I do expect them to stay at these lowly levels for at least a couple of years.

    In light of this, I continue to believe that investors should look for a source of income from the share market instead of term deposits or savings accounts.

    But which shares should you buy? Three top ASX dividend shares I would buy for income are listed below:

    Coles Group Ltd (ASX: COL)

    I think this supermarket operator would be a good option for income investors. This is because I believe Coles is well-placed to deliver solid earnings growth over the next decade thanks to its refreshed strategy and defensive business. And with Coles intending to pay out upwards of 90% of its earnings to shareholders, this bodes well for its dividends in the future. At present I estimate that its shares offer a fully franked 3.9% FY 2021 dividend.

    VanEck Vectors Australian Banks ETF (ASX: MVB)

    I think the big four banks are all trading at attractive levels for investors. But if you’re not sure which bank to buy ahead of the others, then you could just buy a piece of them all. You can do this by buying the VanEck Vectors Australian Banks ETF. You’ll also get a slice of the regional banks and investment bank Macquarie Group Ltd (ASX: MQG) as well. I estimate that its units will provide investors with a partially franked yield of at least 5% in FY 2021.

    Wesfarmers Ltd (ASX: WES)

    A final dividend share I would buy is Wesfarmers. I think the conglomerate is capable of growing its earnings and dividends at a solid rate over the next decade. This is thanks to the quality and growth potential of its portfolio of assets and potential earnings accretive acquisitions in the near future. Based on its last close price, I estimate that its shares offer a fully franked 3.6% FY 2021 dividend yield.

    And recommended below is a fourth dividend share which analysts love right now…

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

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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 Macquarie Group Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Wesfarmers 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 strong ASX dividend shares to buy right now appeared first on Motley Fool Australia.

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  • Here’s How Much Investing $1,000 In Southwest Airlines Stock Back In 2010 Would Be Worth Today

    Here's How Much Investing $1,000 In Southwest Airlines Stock Back In 2010 Would Be Worth TodayInvestors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.Southwest's Difficult DecadeOne underperformer of the last decade was U.S. airline Southwest Airlines Co (NYSE: LUV).The big news of the past decade for Southwest was its $3.2 billion acquisition of AirTran Airways. The merger was announced in September 2010 and added 25 additional destinations to Southwest's routes, including AirTran hub Atlanta, Georgia.The deal was ultimately approved by shareholders and regulators, and Southwest closed the deal on May 2, 2011.Southwest shares started the 2010s trading at around $11.18 but hit their decade low of $6.65 by late 2011. Southwest shares went on a tear in 2013 and 2014, eventually peaking at $48.99 in late 2015.The rally resumed in late 2016 when Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) took a new stake in Southwest. That momentum ultimately pushed the stock to its all-time high of $65.12 at the very end of 2017.2020 And BeyondFrom early 2017 to early 2020, Southwest shares traded mostly sideways in a range between $45 and $65 before the bottom fell out during the COVID-19 outbreak. In March, Southwest traded to a more than five-year low of $22.47 before bouncing back to around $34 today.Despite the bid 2020 hit, investors have still made decent returns in the popular airline stock over the past decade. In fact, $1,000 worth of Southwest stock in 2010 would be worth $2,940 today, assuming reinvested dividends.Looking ahead, analysts expect even more gains for Southwest in 2020. The average price target among the 17 analysts covering the stock is $38, suggesting 11.4% upside from current levels.Related Links:Here's How Much Investing ,000 In Royal Caribbean Stock Back In 2010 Would Be Worth TodayHere's How Much Investing 0 In Carnival Stock Back In 2010 Would Be Worth TodaySee more from Benzinga * Airline Stock Short Sellers Have Made A B Profit In 2020 * How Large Option Traders Are Playing Airlines Right Now * Delta, United Extend Loyalty Memberships For Another Year As Coronavirus Pummels Airlines(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • 5 things to watch on the ASX 200 on Tuesday

    On Monday the S&P/ASX 200 Index (ASX: XJO) overcame a weak start to the day to record a very strong gain. The benchmark index climbed 1.3% to 5,819.2 points.

    Will the market be able to build on this on Tuesday? Here are five things to watch:

    ASX 200 to push higher.

    The ASX 200 looks set to continue its positive form on Tuesday. According to the latest SPI futures, the benchmark index is poised to rise 11 points or 0.2% at the open. This follows a good start to the week on Wall Street. The Dow Jones rose 0.35%, the S&P 500 climbed 0.4%, and the Nasdaq index pushed 0.65% higher.

    Reserve Bank meeting.

    This afternoon the Reserve Bank will hold its latest monetary policy meeting. According to the latest cash rate futures, the market is currently pricing in a 45% probability of a rate cut to zero. On Friday the economics team at Westpac Banking Corp (ASX: WBC) revealed that they are not ruling out negative interest rates in Australia.

    Oil prices rise.

    Energy producers Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could be on the rise today after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price rose 0.2% to US$35.56 a barrel and the Brent crude oil price pushed 1.9% higher to US$38.55 a barrel.

    Gold price softens.

    Gold miners including Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the spot gold price softened overnight. According to CNBC, the spot gold price fell 0.1% to US$1,750.00 an ounce. Demand for safe haven assets weakened as equities stormed higher despite U.S. protests and U.S.-China tensions.

    Afterpay on watch.

    The Afterpay Ltd (ASX: APT) share price will be one to watch today when rival Zip Co Ltd (ASX: Z1P) releases an acquisition and capital raising update. There is speculation that Zip Co has identified a business to acquire that will allow it to expand into the United States and take on Afterpay in this key market.

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 Tuesday appeared first on Motley Fool Australia.

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  • Coty Names Chairman Peter Harf As CEO To Steer Strategic Turnaround; Shares Pop 18%

    Coty Names Chairman Peter Harf As CEO To Steer Strategic Turnaround; Shares Pop 18%Shares in Coty (COTY) jumped 18% as it appointed its chairman Peter Harf as CEO to help spearhead a strategic turnaround plan of its business. As part of the plan, the indebted cosmetics maker struck a deal to sell a majority stake in its retail and hair business to buyout firm KKR & Co. (KKR).Investors welcomed the news as the stock surged 18% to $4.28 in midday U.S. trading after plunging almost 70% since the beginning of the year.In his new role, Harf will be part of a new three-person Executive Committee to make sure that Coty takes the right steps to become a more profitable company and drive improvements across the business.Under the agreement with KKR, the cosmetics maker will sell a 60% stake in brands including Wella, Clairol, and OPI, in a deal valued at $4.3 billion. In addition, KKR will invest $1 billion directly into Coty through the issuance of convertible preferred shares.Coty said that the sale of a majority interest in the professional and retail hair business will simplify its portfolio and allow it to focus on its core prestige and mass beauty businesses.Excluding the Wella business, Coty is targeting a net reduction in fixed costs of about $600 million in cash over the next 3 years, equating to 25% of its pro forma fixed cost base. The one-off costs associated with this program are estimated at $500 million.Wells Fargo analyst Joe Lachky maintained a Hold rating on the stock with a $5 price target saying he sees “few positive catalysts until channel disruption normalizes and visibility into stabilization of the top-line emerges”.“Positively, COTY was able to get a deal done with a strong financial partner at an attractive multiple on pre-COVID financials (12.3x FY19 EBITDA),” Lachky wrote in a note to investors. “That said, we still estimate the transaction will be dilutive, even inclusive of new cost savings.”Overall, Wall Street analysts are sitting on the fence when it comes to Coty stock. The Hold consensus consists of 7 Hold ratings, 1 Sell and 1 Buy rating. Following the sharp share plunge this year, the $5.89 average analyst price target implies 37% upside potential over the coming 12 months. (See Coty stock analysis on TipRanks).Related News: KKR Joins $3.3 Billion Bid To Acquire Spanish Telecom Carrier Masmovil Amazon’s Jeff Bezos Invests In UK Freight Startup Beacon KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia More recent articles from Smarter Analyst: * Abiomed’s Heart Pump Gets FDA Emergency Use Status For Covid-19 Patients * Eli Lilly’s Taltz Injection Gets FDA Nod For Inflammatory Spine Arthritis Treatment * Eli Lilly Starts Dosing Patients In World’s First Covid-19 Antibody Trial * Drugmaker Abbvie Teams Up With Jacobio To Develop Cancer Inhibitor

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  • There was no police response: Minneapolis business owner on looting

    There was no police response: Minneapolis business owner on looting Urban Forage Winery & Cider House owners Jeff and Gita Rijal Zeitler join Yahoo FInance’s Zack Guzman to discuss how their business was among those damaged in Minneapolis in the wake of protests over George Floyd’s death.

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  • Hedge Funds Are Flirting With Match Group, Inc. (MTCH)

    Hedge Funds Are Flirting With Match Group, Inc. (MTCH)We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]

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