• 3 Gen Z software engineers share the résumés that got them a Google interview

    Google entrance
    All three Googlers went through a lengthy interview process which lasted several hours.

    • Three Gen Z software engineers at Google shared their résumés that landed them an interview.
    • One applied with references and the other two sent in cold applications. 
    • All three interned at a Big Tech company, had a 3.6 GPA or higher, and studied computer science.

    Google is well known for offering its employees cushy Silicon Valley pay and enviable office perks — but it's also known for being extremely competitive.

    The tech giant reportedly receives millions of applicants a year and has been said to be more difficult to get into than Harvard.

    So what does the résumé of a successful applicant look like?

    BI spoke to three recent graduates who now work as software engineers at Google. They each shared the résumé they used to land an interview — but it's important to remember there's no silver bullet for getting your foot in the door at Google.

    Two of them sent in cold applications, and the third applied with references. All three went through Google's lengthy interview process which included a super round of interviews that lasted multiple hours.

    The three résumés varied in style and content. Some were heavy in text and others didn't fill the full page. But one factor all three applicants had in common was an internship at a Big Tech company.

    They also all had a degree in computer science and listed their GPAs, which were between 3.6 and 3.8.

    Check out their résumés below and see what the Googlers had to say about what they think stood out in their applications.

    Kevin Tsui pre-Google resume
    Tsui said he added skills to his résumés to show he could connect with others outside of work.

    Kevin Tsui is a 24-year-old software engineer at Google. He graduated from the University of Pittsburgh's School of Computing and Information in 2022 and said he applied to Google with no referrals at the time.

    Tsui said he felt it was important to show multiple years of work experience, even if not every internship was related to what he does now.

    He also said he felt that spending two years at a bigger name, like Amazon, which also gave him global product experience, may have helped him stand out.

    Tsui said he decided to include outside interests on his résumé, like cooking and traveling, because he wanted to show that his coworkers could connect with him outside work.

    A job isn't just doing that kind of work 24/7, Tsui said, you need to "be a person" in your off hours.

    Tsui said he felt that it's important to be a team member and sociable.

    Eric Stein's résumé
    Stein says he thinks his involvement with the Google Developer Student club stood out the most.

    Eric Stein is a 23-year-old software engineer at Google. He graduated from the University of Virginia in 2022 and applied with three connections at the company.

    He said he thought his involvement with the Google Developer Student Club was the biggest contribution to his résumé, and it ended up getting him his references too.

    "That showed my commitment to Google and my commitment to improving the world around me with technology," Stein said.

    He said another highlight on his résumé was his inclusion of personal projects, like being the cofounder of Pareto Touch. He said he thought of it as a testament to his willingness to find work if he didn't have any. He also said he thought it showed his dedication to sharpening his skills.

    Matt Wilkinson job resume
    Wilkinson said he felt his experience at Roku stood out the most.

    Matt Wilkinson is a 24-year-old software engineer at Google. He graduated from American University in 2021 and applied to Google without a reference.

    He said he thought his experience at Roku stood out the most on his résumé. While he's not necessarily working in the same specialization at Google that he did at Roku, he worked in a software engineering role at both jobs.

    Wilkinson said he started off as a finance major and switched after sophomore year. He said because of that, he didn't have as many tech experiences and felt it was important to include some projects he worked on related to the field. He also said he thinks his role in one of the projects helped show leadership.

    Do you work at Google? Reach out to the reporter from a non-work device and email at aaltchek@businessinsider.com

    Read the original article on Business Insider
  • I work 2 full-time jobs from 9 a.m. to 10 p.m. I’m sacrificing sleep, friends, and hobbies so I can retire in my 30s.

    woman works two jobs and describes burnout.
    • Gen Z graduate Jane started working two jobs in college to pay for her rent and save for a mortgage.
    • She told Business Insider being over-employed has a detrimental impact on her health and well-being.
    • Jane said working hard is worth it if she can achieve FIRE by her early 30s.

    This as-told-to essay is based on a conversation with Jane, a 25-year-old over-employed worker in Canada. She asked to use only her first name for privacy reasons. Business Insider has verified her identity and employment. The following has been edited for length and clarity.

    I work two jobs a day. The first is my 9-to-5, and after that, I work in customer service until 10 p.m. I work twice as hard now so I can stop working earlier. My goal is to retire early, hopefully in my 30s.

    I started working two jobs while I was finishing my sociology and business major in college in 2021.

    There were so many remote opportunities during and following COVID-19. If I were having to commute between two jobs, I don't think I'd be doing this.

    I was influenced by the FIRE community

    I came across the FIRE movement (financial independence, retire early) on Reddit. I started documenting my FIRE journey on TikTok. I want to show there's a different path to retiring at 65.

    My logic is to front-load my investing to my 20s and hope it pays off in the future. I want to be financially independent so that I can become "work-optional." I think that, in this economic climate, completely retiring and never making money again may no longer be possible.

    But it might mean that I can take career breaks or have periods of life when I can cut back on work.

    In college, I worked up to 40 hours alongside a 9-to-5

    When I first started working two jobs in college, one was a 9-to-5 in marketing, and the other was in customer service, which I still have. Back then, I'd spend between 30 and 40 hours a week doing that on top of the 9-5. I book appointments for people. If they have an issue with their furnace or their toilet, I'd book a technician or a plumber. It's less stressful than marketing, where sometimes I worry about the projects overnight.

    I also had a lot of homework. My marketing job was flexible, so I could do my college work during my lunch breaks or quiet periods. In reality, a remote office job is rarely 40 hours a week.

    I had physical symptoms of stress

    I was incredibly stressed during that period. I was determined to keep up seeing my friends and go to the gym too, so I sacrificed my sleep. I slept between four and six hours a night.

    I had a permanent headache. It was really difficult.

    I was renting, and I felt like I needed to prove that I could keep making my rental payments. I also wanted to buy a property, and having the income meant I could secure a mortgage in 2021. Having the FIRE mentality helped me push through.

    I got all my schoolwork done, but it did take away from my college experience in some ways. If I'd had more time, I would've cared more about my major. But, investing in a property at that time was beneficial. Looking back, it was worth the trade-off.

    I kept up my 2 jobs after college

    It felt natural to continue working two jobs after graduating from college in 2022.

    If I couldn't start out with a high-paying job like people going into STEM jobs, the least I could do is work harder.

    I landed a new job as a marketing specialist, which was also 9-to-5. I kept up my customer service job, working 65 hours over two weeks. I did that from 5 p.m. to 10 p.m. and on the weekends.

    I'd take two days off a week from my second job. Working on weekends sucked. I really wanted one day a week to lie in. But I don't find it hard to switch between the two jobs. I don't find customer service as mentally draining as marketing. It's not stressful, it's just time-consuming.

    I live frugally

    I have a weird relationship with money, which I'm trying to work on. I earned 47,000 Canadian dollars so far this year from both jobs, which is around $34,000, plus commission, which varies. I save about 70% of that a month. I invest most of my savings. It's not for everyone, but it was important to me that I became financially literate in my 20s and was able to start investing early.

    I live at home with my family too, and rent out the property I bought in college.

    When I'm not spending money, I feel stingy. But when I do spend it, I feel guilty. Instead of buying lunch or a drink with dinner, I feel like I should save money for bigger things.

    I struggle to keep up with hobbies

    I used to go rock climbing and paint, but I don't have time for hobbies. I try to see my friends when I have evenings or weekends off. But after working all day, I often just want to stay at home and decompress. I could go to the gym or take a walk at lunch, but I often want to nap instead or play on my phone. I just want to do something passive.

    When the sun goes down at 6 p.m. in winter, I've had days where I look out of the window and realize I've had no sun or exercise all day.

    To give myself more time to go outside and exercise, I reduced my customer service job hours to 55 hours over two weeks and stopped working Sundays in May. I'm still burned out, though.

    My family is proud of my ambition, but I think they'd prefer I didn't work so hard. Living at home, they can see how it affects me.

    There are also so many smart people in my community. I feel pressure to keep up. My older brother is quite accomplished, so a little of the pressure I feel comes from comparing myself to him.

    My drive to continue outweighs my burnout. I know it's not good for my physical and mental health or my sleep, but I'm so focused on my goal that I'm willing to sacrifice that for a few more years.

    If you work two full-time jobs and would like to share your story, email Ella Hopkins at ehopkins@businessinsider.com.

    Read the original article on Business Insider
  • Google’s new CFO Anat Ashkenazi raked in a nearly $10 million signing bonus

    Google campus located in California
    Google's parent company, Alphabet, on Wednesday announced the appointment of its new CFO, former Eli Lilly executive Anat Ashkenazi.

    • Alphabet, Inc. on Wednesday announced the appointment of its new CFO, Anat Ashkenazi.
    • Ashkenazi previously worked at Eli Lilly for more than two decades.
    • She will receive a nearly $10 million signing bonus, $1 million salary, and stock options.

    Alphabet, Inc. on Wednesday announced the appointment of Anat Ashkenazi as its new Chief Financial Officer, who will oversee Alphabet and Google operations.

    Upon signing up with the tech giant, the former Eli Lilly executive raked in a $9.9 million signing bonus, The Wall Street Journal reported, in addition to an equity grant worth $13.1 million in the form of restricted stock units, plus her $1 million annual salary — with eligibility for annual bonuses up to 200% of her base salary.

    Ashkenazi will stay on as senior vice president and CFO at the pharmaceutical company through the end of July before taking on her new role with Google. A search is underway for her successor at Eli Lilly where she worked for over two decades, Business Insider previously reported.

    According to her biography, Ashkenazi graduated from the Hebrew University of Jerusalem, where she earned her bachelor's degree in finance and economics, and Tel Aviv University, where she earned her MBA.

    Before joining Eli Lilly in 2001, she worked in financial services at Maalot Standard & Poor's and Bank Hapoalim in Israel.

    More notably, the last 23 years of her career have been spent in various roles across Eli Lilly — including positions in strategy, finance, and, most recently, as senior vice president, controller, and CFO of Lilly Research Laboratories.

    As senior vice president, she served as CFO for several of the company's global sectors, including manufacturing and research and development, and oversaw the corporate strategic planning team.

    During Ashkenazi's tenure, Eli Lilly has achieved a market cap of over $800 billion, largely thanks to two of the company's newer products — Mounjaro and Zepbound, popular antidiabetic medications for weight loss and treating type 2 diabetes.

    Her transition to Google comes as the tech giant invests heavily in artificial intelligence. Alphabet's stock hit its all-time high on May 21 at $179.54 per share.

    "This was a strong candidate that fills a void for Alphabet at a key time in its growth transformation and AI Revolution," Dan Ives, Wedbush Securities managing partner, told Business Insider: "She has a strong reputation and great CFO experience. Right hire at the right time."

    In her new role at Google, Ashkenazi will succeed Ruth Porat, who served as CFO before she was named chief investment officer last year.

    Representatives for Google and Eli Lilly did not immediately respond to requests for comment from Business Insider.

    Read the original article on Business Insider
  • Is this the very best ASX 200 gold stock to buy now?

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price

    There are a good number of options for investors to choose from in the gold sector, but one of the best ASX 200 gold stocks to buy right now could be Capricorn Metals Ltd (ASX: CMM).

    That’s the view of analysts at Bell Potter, which believe the gold miner’s shares are undervalued at current levels.

    What is the broker saying about this ASX 200 gold stock?

    According to a note, the broker has been running the rule over Capricorn Metals following a couple of recent developments.

    It feels that the ASX gold stock has all the qualities required to trade at a premium to sector averages. So, with its shares pulling back materially due to a surprise weather-related quarterly production miss, its analysts feel that investors have been gifted a great opportunity to pick up shares. It explains:

    We have reviewed our sector-based valuation metrics in the context of a pullback in the CMM share price and the recent 26% increase in the Ore Reserve at CMM’s 100%-owned Mt Gibson Gold Project (MGGP). We have also reviewed CMM’s track record of project construction and commissioning and delivery to production and cost guidance, which screens as one of the most reliable in the sector.

    Combined with CMM’s sector leading cash generation, we take a view that CMM should trade at a premium to sector average valuation metrics. As such, we view CMM’s current market valuation as an attractive entry opportunity to the stock.

    What else is the broker saying?

    Bell Potter highlights that the Mt Gibson Gold Project is a high quality operation with significant growth potential.

    And with a resource update on the horizon, it feels that the ASX 200 gold stock could get a boost when it is released. It adds:

    The MGGP is one of the largest undeveloped stand-alone gold projects in Australia, with a Resource of 125Mt @ 0.8g/t Au for 3.3Moz and Reserve of 62Mt @ 0.9g/t Au for 1.8Moz.

    We view the MGGP as highly prospective for further Resource growth, which is a focus of current drill programs. We anticipate a Resource update in the September quarter 2024 being a positive catalyst for CMM. The MGGP sits on granted Mining Leases and is currently progressing through permitting, with updates expected in the coming month. Combined with CMM’s funding capacity, which will help preserve equity value through the development phase, and CMM’s strong track record of project development, we view the path to production and commercialisation as relatively low risk.

    Big returns 

    The note reveals that Bell Potter has a buy rating and $6.50 price target on the company’s shares. This implies potential upside of 36% for investors over the next 12 months. It concludes:

    CMM is a sector leading gold producer with a strong balance sheet, clear organic growth options and a management team with an excellent track record of delivery. The MGGP continues to be advanced toward development and will position CMM as a ~270kozpa, top-10 ASX-listed gold producer.

    The post Is this the very best ASX 200 gold stock to buy now? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Capricorn Metals Ltd right now?

    Before you buy Capricorn Metals Ltd 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 Capricorn Metals Ltd 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 no position in any of the stocks mentioned. 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.

  • Telstra and these ASX 200 income stocks could be top buys this month

    Two male ASX investors and executives wearing dark coloured suits sit at a table holding their mobile phones discussing the highest trading ASX 200 shares today

    If you are hunting for some ASX 200 income stocks to buy in June, then read on.

    That’s because listed below are three that analysts think could be in the buy zone right now.

    Another positive is that they have also been tipped to provide great dividend yields. Here’s what you can expect from them:

    Charter Hall Retail REIT (ASX: CQR)

    The Charter Hall Retail REIT could be a great option for investors that are looking for an ASX 200 income stock to buy this month.

    It is a property company that invests predominantly in supermarket anchored neighbourhood and sub-regional shopping centre markets.

    Analysts at Citi are feeling positive about the company and its prospects. Particularly given its inflation-linked rental increases. The broker expects this to underpin dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.35, this will mean huge yields of 8.4%.

    Citi currently has a buy rating and $4.00 price target on its shares. This implies potential upside of almost 20%.

    Telstra Group Ltd (ASX: TLS)

    Another ASX 200 income stock that has been tipped as a buy is Telstra. It is of course Australia’s largest telecommunications company with millions of mobile phone and broadband customers.

    Goldman Sachs thinks income investors should be buying its shares at current levels. Particularly given how its analysts “believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive.”

    Goldman is expecting fully franked dividends of 18 cents per share in FY 2024 and then 18.5 cents per share in FY 2025. Based on the current Telstra share price of $3.56, this equates to yields of 5% and 5.2%, respectively.

    Goldman currently has a buy rating and $4.25 price target on the ASX dividend stock. This suggests that upside of almost 20% is possible over the next 12 months.

    Transurban Group (ASX: TCL)

    Another ASX 200 income stock that could be a buy this month is Transurban.

    It is an urban toll road company with assets in Australia and North America. In Australia, this includes the Cross City Tunnel, the Eastern Distributor, and Westlink M7. Whereas in North America, its roads include 95 Express Lanes and the A25.

    The team at Citi is very positive on its outlook and is expecting some good dividend yields 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 $12.80, this will mean yields of 5% and 5.1%, respectively.

    Citi has a buy rating and $15.50 price target on its shares. This implies potential upside of 21% for investors.

    The post Telstra and these ASX 200 income stocks could be top buys this month appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Charter Hall Retail Real Estate Investment Trust right now?

    Before you buy Charter Hall Retail Real Estate Investment Trust 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 Charter Hall Retail Real Estate Investment Trust 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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why these small cap ASX shares could rise 85%+

    A woman jumps for joy with a rocket drawn on the wall behind her.

    For investors that have a high risk tolerance, it could be worth considering some small cap ASX shares for your portfolio.

    That’s because the returns on offer at the small side of the market can be material. But which small caps could offer a compelling risk/reward?

    Listed below are two small caps that analysts at Morgans are bullish on right now. Here’s what they are saying about them:

    AVITA Medical Inc (ASX: AVH)

    AVITA Medical could be a small cap ASX share to buy. It is a regenerative medicine company with a focus on wound care management and skin restoration with its RECELL technology.

    A new version of this technology was granted FDA approval recently, which bodes well for the future. Especially given its significant market opportunity across various treatment areas.

    Commenting on its market opportunity, Morgans said:

    AVH is a regenerative medicine company focusing on the acute wound care market. It has recently expanded its indication into full thickness skin defects and Vitiligo (US$5bn TAM). The expanded indication in full thickness skin defects has the required reimbursement in place and sales have started.

    The broker also described the recent FDA approval as a significant milestone. It adds:

    AVH has received FDA approval for its automated product, RECELL Go, for use in burns and full thickness skin defects. This approval marks a significant milestone for the company, with management expecting this device to increase adoption of the technology amongst clinicians. We have made no changes to our forecasts and recommendation.

    Morgans has an add rating and $5.60 price target on its shares. Based on the current AVITA Medical share price of $2.86, this suggests that the company’s shares could rise 96%.

    Tyro Payments Ltd (ASX: TYR)

    Another ASX small cap share that could be in the buy zone according to Morgans is Tyro Payments.

    It is a payments provider with approximately 70,000 merchants on its network. This makes it Australia’s fifth largest merchant acquiring bank by number of terminals in the market.

    Morgans notes that its shares have been under pressure recently and believes this has created a buying opportunity for investors. It said:

    TYR sold off heavily in 2023 affected by the broad pull back in technology stocks and overall concerns regarding its earnings trajectory. However, we believe FY24 will show significantly improved business momentum, importantly driven by a much greater focus on lifting overall profitability. TYR still trades at a significant discount to valuation.

    Morgans has an add rating and $1.47 price target on its shares. Based on the current Tyro share price of 79 cents, this implies potential upside of 86% for investors.

    The post Why these small cap ASX shares could rise 85%+ appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Avita Medical right now?

    Before you buy Avita Medical 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 Avita Medical 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 Avita Medical and Tyro Payments. The Motley Fool Australia has recommended Avita Medical and Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Is it time to cash in these 2 ASX large-cap stocks?

    A woman holds a tape measure against a wall painted with the word BIG, indicating a surge in gowth shares

    Investing in the ASX large-cap stocks can be rewarding, but knowing when to sell is crucial. Some of us use sell rules. Others go by changes in fundamentals. Some, via the stars.

    With the ASX bustling in 2024, it’s a good time for investors to assess their portfolios. Today, I’m going to look at two large-cap ASX stocks: Bank of Queensland Ltd (ASX: BOQ) and Mineral Resources Ltd (ASX: MIN).

    Here’s what brokers are saying about the 2 ASX large-caps in their recent notes.

    Should you sell this ASX large-cap stock?

    Bank of Queensland shares have struggled in 2024, having compressed by around 2% into the red at the time of writing.

    The ASX large-cap stock currently has one of the highest trailing dividend yields of all the ASX 200 banking majors and boasts a 2.7% share of the Australian residential mortgage market.

    Despite this, Goldman Sachs has a bearish outlook on BOQ shares. It rates the bank a sell based on foreseeable risk and valuation grounds. Its BOQ price target is $5.44 apiece, below the $5.98 per share the bank was trading at on Friday’s close.

    The broker points out that Australian banks – including BOQ – no longer offer the robust returns on equity (ROE) they once did.

    Back in 2015, Australian banking majors boasted “the second highest average ROE of global comparable banks…”. BOQ’s 9.25% projected returns on equity for FY 2026 also fall short of this mark.

    While we believe the company’s transformation program a positive long-term strategy (aiming to deliver a lower cost to serve on the back of its digitisation efforts), we remain wary of both the high degree of execution risk and the potential for going over budget on investment spend (as has often been the case historically when banks undergo such large scale initiatives).

    However, Goldman Sachs believes the high price-to-book (P/B) valuations aren’t sustainable given the underwhelming ROE and potential for lower returns moving forward.

    Despite this view, BOQ’s current trailing dividend yield is 6.4%, which is attractive for income-focused investors, in my opinion. In fact, for the dividend-minded, I believe BOQ could offer compelling value.

    Mineral Resources reiterated a sell

    Goldman Sachs recently released a note on Mineral Resources highlighting several factors that investors should consider.

    Despite the company’s impressive $1.3 billion Onslow Haul Road asset sale in June, which generated significant proceeds, Goldman Sachs maintains a cautious outlook on the ASX large-cap stock.

    The broker points out that the current market price reflects long-run commodity prices about 20% higher than their estimates.

    It also highlights that Mineral Resources trades at a multiple significantly above its peers, with a price-to-net asset value (NAV) ratio of 1.35x and a 17x forward EBITDA multiple. The peer group is priced at 8x forward EBITDA.

    This valuation suggests that much of the company’s future growth is already priced in, leaving limited upside potential.

    Furthermore, Goldman Sachs is concerned about the expected decline in lithium prices over the next couple of years. It expects lower spodumene prices going forward.

    Our commodity team expect spodumene prices to average US$800/t and hydroxide at US$10,000/t (vs. spot c. US$1200/t and US$10,000/t) in 2H CY24 driven by our view of a market surplus over 2024-2025, and for the price to trade at or below marginal cost which we think will be set by Chinese integrated lepidolite producers.

    The broker also forecasts low or negative free cash flow for the next two years, producing a free cash flow yield of negative 4% to negative 19%. As such, it values the miner at $47 per share, a 31.5% downside potential on the Mineral Resources share price of $68.63 at Friday’s close.

    It’s not all negative sentiment on ASX large-cap stock, however. Analysts at Bell Potter rate Mineral Resources a buy. According to my colleague James, its diverse operations and growth outlook are two of Bell Potter’s themes.

    The rating is “underpinned by MIN’s earnings diversification, strong insider ownership, clearly articulated strategies, expertise in contracting and internal growth options at Onslow as well as potential lithium expansions including into downstream”.

    It values the company at $85.00 per share, almost double that of Goldman.

    ASX large-cap shares on the block

    Both BOQ and Mineral Resources present unique opportunities and risks. For BOQ, Goldman says the high valuation amidst underwhelming returns makes it a potential candidate for selling.

    Meanwhile, Mineral Resources’ strategic asset sale offers have split hairs among brokers. Whilst Goldman rates it a sell, Bell Potter is bullish and sees it trading higher.

    The difference in opinion highlights the importance of conducting your own due diligence.

    The post Is it time to cash in these 2 ASX large-cap stocks? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bank Of Queensland right now?

    Before you buy Bank Of Queensland 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 Bank Of Queensland 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 Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

  • Top brokers name 3 ASX shares to buy next week

    Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today

    It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    IDP Education Ltd (ASX: IEL)

    According to a note out of Goldman Sachs, its analysts have retained their buy rating on this language testing and student placement company’s shares with a trimmed price target of $21.75. Goldman notes that IDP Education released a market update last week which revealed that it is being negatively impacted by a more restrictive policy environment in its key destination countries. While the broker acknowledges that the trading update was soft, it believes it should help investors better frame the earnings base for FY 2025. And with Goldman forecasting IDP Education’s earnings to rebound in FY 2026, its analysts think that now could be a good time for patient investors to snap up its shares. The IDP Education share price ended Friday’s session at $15.33.

    Lovisa Holdings Ltd (ASX: LOV)

    A note out of Bell Potter reveals that its analysts have retained their buy rating and $36.00 price target on this fashion jewellery retailer’s shares. Bell Potter notes that Lovisa has announced that its highly regarded CEO, Victor Herrero, will be leaving next year. While the broker sees some leadership transition risk, it was pleased with his replacement John Cheston, who is the current CEO of Smiggle. It believes the new CEO appointment aligns well to drive the next leg of growth and lift the penetration of a global business built by Herrero. In addition, its analysts anticipate a smooth transition over the next 12 months and expect Cheston’s background to assist continued execution in Lovisa’s ~40 markets globally. The Lovisa share price was fetching $31.25 at Friday’s close.

    Xero Ltd (ASX: XRO)

    Analysts at Macquarie have retained their outperform rating and $180.70 price target on this cloud accounting platform provider’s shares. Macquarie notes that Xero has announced price increases and plan updates in the United Kingdom that will take place in September. The broker was pleased with the changes, which are mirroring those undertaken in the Australia market recently. Macquarie believes the new plans will support a higher average revenue per user metric in the UK market through the simplification of its offering and increased bundling. The Xero share price ended the week at $129.29.

    The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Idp Education right now?

    Before you buy Idp Education 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 Idp Education 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 Lovisa and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Idp Education, Lovisa, Macquarie Group, and Xero. The Motley Fool Australia has positions in and has recommended Macquarie Group and Xero. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 7 Democrats who could replace Biden if he drops his 2024 reelection bid

    Joe Biden speaking at the White House.
    President Joe Biden speaking at the White House earlier this month.

    • President Joe Biden's reelection bid has the strong backing of most elected Democrats.
    • Biden is committed to the race, but there's public speculation on whether he'll stay in the contest.
    • In the unlikely event that Biden left the race, an array of Democrats would be in the mix to lead the party.

    After President Joe Biden announced his reelection bid last April, the vast majority of Democratic leaders coalesced around his candidacy, which wasn't surprising for an incumbent.

    But Biden has one of the most unusual backgrounds of any president in US history: He's been a fixture in Washington for more than 50 years as a Delaware senator, vice president, and now president. And if he's reelected to a second term this fall, he'd be 82 years old at the time of his inauguration in January 2025 and 86 at the end of a second term.

    Biden's age has become a cause of concern among many voters, including some who are inclined to back him over former President Donald Trump. The worries were amplified after the special counsel Robert Hur released his report on the probe into Biden's handling of classified documents, in which no charges were recommended, but the president's acuity and memory were questioned.

    Through it all, Biden has defended his reelection bid, argued that his age is an asset, pushed back against the special-counsel report, and articulated why he should be reelected — pointing to accomplishments such as the bipartisan infrastructure bill and the Inflation Reduction Act and touting the low national unemployment numbers.

    What does this all mean? Biden is unlikely to leave the race, especially as he dominated the Democratic presidential primaries and is committed to a rematch with Trump. But speculation about whether he'll bow out of the contest continues to swirl.

    In the event that Biden does somehow bow out after winning the overwhelming majority of the 3,936 delegates needed to secure the Democratic nomination, a new nominee would have to be selected at the Democratic National Convention in Chicago this August. But it'd be a messy process given that the primaries are now completed.

    Virtually every major Democratic governor or senator is behind the president's reelection bid and long ago dismissed the thought of replacing him on the ballot this year.

    But who could be a Biden successor if such a scenario were to occur?

    Vice President Kamala Harris
    Kamala Harris
    Ukrainian President Volodymyr Zelenskyy meeting with US Vice President Kamala Harris at the Munich Security Conference on Saturday.

    Harris, by many measures, would be a natural successor to Biden.

    As vice president, she's worked closely with Biden on things as varied as voting rights and foreign policy. She was previously a San Francisco district attorney, California attorney general, and California senator and is a historic figure in her own right as the first Black, Indian American, and female vice president.

    And she has become the face of the administration's challenge to the raft of GOP-crafted abortion restrictions following the Supreme Court's 2022 decision to overturn Roe v. Wade.

    But Harris previously launched a 2020 presidential bid that seemed promising but fell flat with voters over time. (She eventually ended her campaign before the start of the primaries and caucuses.)

    As vice president, Harris has been heavily praised by Biden. But her office struggled with turnover and reports of dysfunction earlier in her term. She has also had to contend with less-than-ideal approval ratings, which have raised concerns among some Democrats about her electability as the party also looks to 2028 — when she'd be a potential frontrunner, given her positive marks with Black voters and young voters.

    Gov. Gavin Newsom of California
    Joe Biden and Gavin Newsom wearing caps.
    President Joe Biden with California Gov. Gavin Newsom during a visit to the Lucy Evans Baylands Nature Interpretive Center and Preserve in Palo Alto, California, in June.

    Gov. Gavin Newsom, a former San Francisco mayor who was also California's lieutenant governor, leads the most populated state in the country and, in recent years, has become one of Biden's most prominent Democratic surrogates.

    California is often used as a foil by national Republicans to contrast with the conservative policies of states such as Florida and Texas. But Newsom has been outspoken in not only promoting the Golden State but touting Democratic policy stances and legislative wins — and he's not afraid to take his arguments straight to the GOP.

    As governor, Newsom has taken on more moderate stances in recent years on issues involving labor and tackling homelessness in his state.

    Newsom's political trajectory could collide with that of Harris, his fellow Bay Area native, but they've long maintained a strong working relationship, and the governor has been highly complimentary of her work with Biden.

    Gov. Gretchen Whitmer of Michigan
    Gretchen Whitmer
    Gov. Gretchen Whitmer of Michigan at the Riga Castle in Riga, Latvia.

    Gov. Gretchen Whitmer, the two-term governor of battleground Michigan, is accustomed to tough political fights. And over the course of her governorship, she has won a lot of those battles: Democrats in recent years have performed strongly in the Wolverine State, holding every top statewide office and flipping control of the state legislature in the 2022 midterm elections.

    When Whitmer ran for reelection in 2022 against the Republican Tudor Dixon, she won by nearly 11 points, reflective of her broad appeal with the electorate in a state where the margins are often tight.

    This fall, Michigan is expected to be one of the closest states in the country in the presidential race. And Whitmer, a former state lawmaker and ex-prosecutor, is set to be a critical voice for the Biden campaign across Michigan.

    The governor has encouraged Biden to speak more forcefully about abortion rights, an issue that has galvanized many voters — but especially women — across the country after Roe was overturned.

    In a potential field without Biden, Whitmer's Midwestern background, strong alliance with organized labor, and moderate appeal could make her a strong contender. But she would also be a new face in a contest that will probably feature Trump on the GOP side.

    Sen. Amy Klobuchar of Minnesota
    Amy Klobuchar
    Sen. Amy Klobuchar on Capitol Hill.

    Sen. Amy Klobuchar, who's served in the Senate since 2007, ran for president in 2020 and made a surprisingly strong finish in the New Hampshire primary — even outperforming Biden and Sen. Elizabeth Warren of Massachusetts at the time.

    But her campaign wasn't able to get the sort of momentum it needed in the South Carolina primary for her to continue her bid, and she exited the race.

    Still, Klobuchar would be a candidate to watch in an open field, as she boosted her national presence in the primary and could point to a long-standing record of bipartisan accomplishments representing Minnesota in the Senate.

    Sen. Cory Booker of New Jersey
    Cory Booker
    Cory Booker has served in the Senate since 2013.

    Sen. Cory Booker also ran for president in 2020, ending his campaign in January that year.

    But the former Newark mayor has been a national figure for years and is seen as a likely 2028 contender.

    He could easily jump-start a potential 2028 campaign in South Carolina, as he campaigned throughout the state in 2019 and 2020.

    In the scenario that Democrats would have to choose a candidate other than Biden, he would probably be a part of the conversation.

    Gov. Roy Cooper of North Carolina
    Roy Cooper
    Gov. Roy Cooper speaks at an event with Biden in Greensboro, North Carolina, in April 2022.

    Gov. Roy Cooper isn't a big name among Democratic voters outside North Carolina, at least not yet. The former state lawmaker, onetime North Carolina attorney general, and current two-term governor rose through the ranks of government and, along the way, navigated political divides that would bedevil most politicians.

    In a GOP-leaning state where Democratic candidates have to compete on tricky terrain, Cooper, a moderate, has come out on top.

    Democrats have not tapped a Southern governor as their presidential nominee since Bill Clinton in 1992. Looking to the future, probably in 2028, Cooper is someone who's poised to be on the minds of many in the party.

    Gov. Wes Moore of Maryland
    Wes Moore
    Gov. Wes Moore is a combat veteran who served in Afghanistan.

    Gov. Wes Moore, an Army veteran who's also a Rhodes Scholar, was first elected to the governorship in 2022. He has focused heavily on tackling issues such as child poverty and housing affordability, two of the most vexing public-policy challenges for leaders on both the state and federal levels.

    One of Moore's major pushes is to reshape how patriotism is defined in politics, as he told Business Insider during his first gubernatorial campaign that one party or movement couldn't claim the idea as their own.

    "I refuse to let anybody try to wrestle that away," Moore told BI in an October 2022 interview, "or claim that they have a higher stake or some higher claim to it than I or my family or people who I served with or my community members."

    The governor, seen by many as a potential 2028 contender, has been a strong political ally of both Biden and Harris.

    While Moore may be relatively new to elective politics, his profile only continues to grow within the Democratic Party.

    Correction: February 23, 2024 — An earlier version of this story misstated one of President Joe Biden's arguments for why he should be reelected. He has touted low national unemployment numbers, not low national employment numbers.

    Read the original article on Business Insider
  • If I buy 1,000 Fortescue shares, how much passive income will I receive?

    A female employee in a hard hat and overalls with high visibility stripes sits at the wheel of a large mining vehicle with mining equipment in the background.

    Fortescue Ltd (ASX: FMG) shares may be best known for iron ore mining, but it has also been a commendable passive income stock in the last few years, thanks to the strength of the iron ore price.

    With a market capitalisation of $75.03 billion, according to the ASX, it’s one of the largest miners in the world. This scale allows the business to deliver impressive profit margins compared to its smaller peers.

    Interestingly, Fortescue shares usually trade on a relatively low price/earnings (P/E) ratio, partly because of how unpredictable the iron ore miner’s earnings are. The lower P/E ratio enables a higher dividend yield.

    What is the Fortescue dividend yield?

    The dividend yield is decided by a combination of a company’s dividend payout ratio and the P/E ratio.

    In the FY24 half-year result, Fortescue’s dividend payout ratio was 65% of net profit after tax (NPAT). The company’s dividend policy is to pay out between 50% and 80% of underlying NPAT.

    In my opinion, the next dividends are more important than the last ones declared because those old ones are history and not necessarily indicative of future payouts.

    Broker UBS has projected owners of Fortescue shares could receive a dividend per share of $1.28 in FY25. At the current Fortescue share price, that would represent a grossed-up dividend yield of 7.5%, which is still quite high. This potential payout is lower than the predicted grossed-up dividend yield of 9.8% for FY24.

    Owning 1,000 shares

    Buying 1,000 Fortescue shares would cost more than $24,000. However, it would also potentially result in receiving $1,280 in dividend cash and grossed-up dividend income of $1,828 (when including the potential franking credits) for FY25.

    If the iron ore price is stronger than expected, the net profit and dividend could be more significant than UBS predicted. However, if the iron ore price is weaker, it would hurt Fortescue’s dividends and profit.

    As a miner, its production costs don’t typically change much month to month, so additional revenue (or weaker revenue) can lead to a significant change to net profit, which flows onto the dividend payments. Time will tell what happens next.

    Fortescue share price snapshot

    The chart below shows that the Fortescue share price is up around 20% in the past year. However, the ASX iron ore share has declined by approximately 17% in the year to date with the iron ore price falling from above US$140 per tonne at the start of the year to around US$107 per tonne now, according to Trading Economics.

    The post If I buy 1,000 Fortescue shares, how much passive income will I receive? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Fortescue Metals Group right now?

    Before you buy Fortescue Metals Group 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 Fortescue Metals Group 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 Tristan Harrison has positions in Fortescue. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.