• 4 ASX 200 shares being scooped up by insiders

    Modern accountant woman in a light business suit in modern green office with documents and laptop.

    When directors, officers, or executives purchase shares in their own companies, it can send a powerful message about the business’s underlying health and future prospects. Insider buying can serve as a grassroots indicator of potential, sometimes preceding positive developments that lead to stock price appreciation. For investors, these moves offer a hint to look beyond the noise of the market and consider where insiders are putting their own money.

    Recently, insiders at four S&P/ASX 200 Index (ASX: XJO) companies — ALS Ltd (ASX: ALQ), Super Retail Group Ltd (ASX: SUL), Sonic Healthcare Ltd (ASX: SHL), and Gold Road Resources Ltd (ASX: GOR) — have made notable purchases, suggesting value that others may have overlooked.

    ALS

    ALS is a global testing, inspection, and certification company. It delivered its FY24 results last week, recording a 6.8% increase in revenue and a final dividend of 19.6 cents. The company has undertaken eight acquisitions over the past 12 months which are expected to add $152 million to revenue on a full year basis. It is targeting mid single digit organic revenue growth in FY25. 

    Super Retail Group 

    Super Retail Group is a leading retailer specialising in auto, outdoor, and sports products in Australia. The company operates through several well-known retail brands including Supercheap Auto, BCF, and Rebel. Despite current inflation and interest rate challenges, the retailer managed to record total sales growth of 2% for the first 43 weeks of FY24. It expects to open 27 stores total in FY 24 and close 4 stores. 

    Sonic Healthcare

    Sonic Healthcare is a global company providing laboratory medicine/pathology and radiology services across multiple countries. In its most recent earnings update Sonic Healthcare reported strong organic revenue growth with earnings before interest tax depreciation and amortisation (EBITDA) forecast to be approximately $1.6 billion in FY24. Inflationary pressures are weighing on profit growth; however, the company is set to reap the benefits of FY24’s investments in the form of synergies and enhanced returns from FY25 onward. 

    Gold Road Resources 

    Gold Road Resources is an Australian gold production and exploration company primarily focused on the Gruyere Gold Mine, one of Australia’s largest and lowest-cost gold mining operations. The company produced 64,323 ounces of gold in the March quarter with production sold at a strong spot gold price of $3,137 an ounce. Analysts have recently revised forecast gold prices upwards driven by expectations of Federal Reserve rate cuts and a weakening US dollar. 

    Foolish takeaway 

    Insider buying can not only strengthen investor confidence but also provide a compelling narrative about latent value in ASX-listed companies. When company leaders invest their own money into their operations, it can be a strong endorsement of the business’ current health and future prospects. Whether it’s ALS’s strategic acquisitions poised to boost revenue, Super Retail Group’s expansion despite economic headwinds, Sonic Healthcare’s robust growth trajectory, or Gold Road Resources capitalising on favourable gold prices, these insider purchases signal a bullish outlook for these ASX 200 shares.

    The post 4 ASX 200 shares being scooped up by insiders appeared first on The Motley Fool Australia.

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

    Before you buy Als 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 Als 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 Katherine O’Brien 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 Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • How to set up and customize Google Alerts: Track the search terms and topics you’re interested in

    A businessman in a suit works in an office at a computer, holding his chin looking thoughtful.
    Google launched Google Alerts over 20 years ago to monitor new mentions of specific search terms.

    • Google Alerts monitors the internet for new mentions of search terms you're trying to target.
    • You can set up a Google Alert for any search term, and customize or delete it anytime.
    • Google Alerts can be delivered to you immediately, or at specific times of the day or week.

    When you want the latest updates on a trending news story, to know who won the game you couldn't missed live, or see what new shows are dropping onto Netflix this week, chances are that you turn to a Google search.

    But what if you didn't even have to spend time searching because Google had already sent the exact information you wanted right to your inbox?

    Google Alerts proactively searches the web for specific terms you've selected and delivers relevant content to you as often as you'd like, be it once a day, once a week, or just as soon as that search term pops up in a new article, blog post, or in the description of some new video content.

    Google launched Google Alerts in 2003 after one of the company's first engineers, Naga Kataru, brought the idea directly to Google's founders. The very first keywords used to test the alerts were "Google" and "Larry Page."

    Though Google Alerts is still around more than two decades later, the software has drawn criticism from users over time. Users have said the alerts are too limited, inaccurate, or irrelevant. Dozens of media monitoring companies, such as Awari, Meltwater, Talkwalker, Muck Rack, Cision, and Prowly, have cropped up in the last decade to offer alternatives to Google Alerts.

    One advantage of Google Alerts, however, is that it's completely free to use. And while brands and high-profile figures may need a more sophisticated software to monitor their media mentions, Google Alerts can work just fine for the average everyday user.

    Here's how to set up, customize, and delete a Google Alert.

    How to set up Google Alerts

    To set up a Google Alert, first make sure you are logged into your Google account, then navigate to the Google Alerts page, which is simply www.google.com/alerts.

    1. Type the search term you want to follow into the bar reading "Create an alert about…" and search for it. For instance, if you're interested in news about job cuts in the tech industry, you might want to create an alert about "Google layoffs."

    2. Click the blue box that reads "Create Alert."

    A screenshot of the Google Alerts page shows the term "Google layoffs" in the search bar, with a red box and red arrow emphasizing the "Create Alert" button.
    Google Alerts get delivered right to your email inbox.

    That's it! You just created a Google alert. You can access and edit your alerts from the Google Alerts homepage or via the alerts Google sends to your email inbox.

    Though Google Alerts doesn't have its own dedicated app, you can still set up alerts for yourself on your iPhone or other smartphone. Simply visit the Google Alerts page using your phone's browser and follow the above steps.

    If you're expecting to pop up in the news anytime soon, you might want to consider setting up a Google Alert for your own name. And though there's no way to find out if anyone in particular is Googling you, you can always run a search for your name on Google Trends to see if there's any significant search interest.

    But even when you've set up all your Google Alerts, your work isn't quite done. By default, Google will send you updates about your alert (or alerts) once every day. If you'd like your alerts to be sent more or less often, here's how you'll do it.

    How to customize Google Alerts

    Go to the Alerts page and find the Google Alert you want to customize.

    1. Click on the pencil icon to the right of the alert to open its settings.

    2. On the next page, you can set how often you get alerts, what language they need to be in, from what region they are sourced (you can geo-fence to a specific country or from "Any Region"), what sources you want your alerts to come from (news, blogs, and web, e.g.), and more.

    A screenshot shows the customization options for Google Alerts, with a red box and red arrow emphasizing dropdown menus for alert frequency, sources, language, region, and amount.
    You can decide how often you want to receive Google Alerts.

    3. Hit the blue "Update alert" box.

    If you want all your alerts delivered at a specific time, hit the gear icon to the right of "My alerts" and choose a delivery time. You can limit your alert updates to once daily or even once weekly.

    You can also ask that Google send all your alert updates in a single email rather than sending each one individually.

    How to delete a Google Alert

    Deleting a Google alert is even simpler than creating one.

    1. Go to your Google Alerts page.

    2. Locate the trash can icon to the right of the alert you want to delete and click it.

    A screenshot of Google Alerts shows a trash can icon emphasized by a red box and red arrow to delete a Google Alert.
    You can edit or delete Google Alerts right from the alerts homepage.

    That's that — the alert is gone. A taskbar at the top of the page will pop up reading "Your alert on 'Google layoffs' has been deleted" and giving you the option to "Undo" that action or "Dismiss" the alert, which permanently deletes it, as does simply closing the Google Alerts page.

    Read the original article on Business Insider
  • Recent South Dakota policy threatens professors who include their pronouns or tribal affiliations over email. It’s part of a concerning ‘longer-term agenda’ overtaking the US.

    University of South Dakota
    The University of South Dakota is enacting a discriminatory policy against professors who choose to express their pronouns and tribal affiliations via email signature.

    • A policy in South Dakota prevents some professors from listing certain details in email signatures.
    • Public university faculty are prohibited from sharing gender pronouns or tribal affiliations. 
    • Experts say it's part of a broader attempt to roll back rights for protected groups.

    South Dakota has joined a group of right-leaning states trying to curtail expressions of personal identity in the US.

    In December, the South Dakota Board of Regents issued a policy prohibiting professors at public universities in the state from including their designated gender pronouns or tribal affiliations in their email signatures, the Associated Press reported on Friday.

    And it didn't take long for the board – which governs the state's six public universities — to take action.

    Two University of South Dakota professors — Megan Red Shirt-Shaw and Red Shirt-Shaw's husband, John Little — recently told the AP they'd received written warnings to remove those details from their signatures.

    On X, formerly Twitter, the two said they'd received their warnings in mid-March. The consequence, Little told the AP, could be as severe as losing their jobs.

    "I was told that I had 5 days to remove my tribal affiliation and pronouns," Little wrote in an email to the AP. "I believe the exact wording was that I had '5 days to correct the behavior.'"

    Little added that if the request wasn't met, administrators would evaluate whether or not to invoke suspension or even termination as punishment.

    On X, Red Shirt-Shaw said she "made the difficult decision" to comply with the warnings, removing her tribal affiliation and gender pronouns from her email signature, "so I would not miss the remainder of the academic year."

    That said, Red Shirt-Shaw found a workaround: She has continued to place those details "in the body of each email that I send," which she said on X "will not be challenged (for now)." Little has done the same.

    For Red Shirt-Shaw, including those details is personal. As director of Native Student Services at the university, she wrote, "I feel I have an ethical responsibility to claim the tribal nations that make me who I am."

    The American Civil Liberties Union's South Dakota chapter also weighed in on X. The group called the Board of Regents' policy an effort by the state's leadership "to shove queer identities out of public life."

    Other experts agree that the South Dakota Board of Regents' guidelines are an escalation of a larger movement sweeping the US.

    Larger efforts at play

    South Dakota's flashpoint over email signatures comes as a national discourse rages about rights for LGBTQ+ Americans and members of diverse and protected groups.

    "Quite frankly, this is the first time I've heard of a state university choosing to use branding standards to eliminate what obviously has become a practice of including pronouns and tribal affiliations to emails," Paulette Grandberry Russell, president of the National Association of Diversity Officers in Higher Education, told the AP.

    "But I'm not surprised, given the current climate we're in," she added, calling the decision by the state's Board of Regents a "steady progression" in a broader push.

    Grandberry Russell told the AP she thinks that such early-stage measures in conservative states could be used as a "testing ground" to determine if more severe laws could take hold.

    Kelly Benjamin, a spokesperson for the American Association of University Professors, an advocacy group for academics in higher education, told the AP that it's the latest step in "a longer-term agenda" aimed at limiting diversity, equity, and inclusion measures to protect LGBTQ+ Americans.

    Benjamin pointed to recent efforts in states like Florida and Arkansas. Florida lawmakers, for example, have passed bills that have limited or prevented access to services for transgender individuals, including gender-affirming care or even the ability to update their correct gender on their driver's license.

    Though LGBTQ+ Americans benefited from legal strides in the 2010s like a landmark Supreme Court decision upholding the legality of gay marriage in 2015, more recent actions by some Republican state leaders have raised the specter of threats to similar protections. South Dakota's recent policy is just one example.

    Meanwhile, violence against members of the LGBTQ+ communities has also increased as these debates have raged in the background. A 2022 Business Insider investigation found that homicides of transgender people, for instance, doubled between 2019 and 2021.

    The University of South Dakota did not immediately respond to a request for comment sent outside of normal working hours.

    Read the original article on Business Insider
  • An influx of new residents to GOP-leaning Montana could be the key voting bloc that decides the state’s hotly-contested Senate race

    Aerial View of Downtown Bozeman, Montana, in Summer.
    Bozeman, Montana.

    • The Montana US Senate race is set to be one of the most competitive races in the country.
    • Now there's a new layer to the race: recent transplants who could sway the election.
    • An influx of new residents has driven up home prices and shined a light on housing affordability.

    Montana's US Senate race is shaping up to be one of the marquee races of 2024 as three-term Democrat Jon Tester hopes to fend off an aggressive challenge from his likely GOP opponent, Tim Sheehy.

    The contest has huge national implications. A win for Tester in Montana would give Democrats a fighting chance to retain control of the Senate, while a GOP victory would be the culmination of a long road to regaining a critical seat in the conservative-leaning state.

    With former President Donald Trump highly likely to win Montana in November, many Republicans believe he'll be able to aid down-ballot candidates like Sheehy.

    But it's not that simple.

    Tester, a moderate Democrat, has established a political brand that has defied the state's GOP orientation for nearly 20 years. And it's about to be tested even further due to the state's recent population surge, with transplants from Western states like California, Oregon, and Washington poised to be an electoral wild card in a contest that was already set to be competitive.

    Montana has always drawn people who are attracted to the outdoors. During the coronavirus pandemic, many transplants found refuge in the state as they worked remotely. With many of these new residents possessing higher incomes — coupled with the demand for housing — home prices have gone through the roof in recent years.

    The median home price in Montana hit $425,000 in late 2023, a 75% increase from 2018, The New York Times reported.

    In Bozeman, which has become a hot spot for affluent transplants, the median home price has risen to an astonishing $770,000, according to the newspaper.

    According to the US Census Bureau, Bozeman's population jumped from roughly 37,000 to more than 53,000 from 2010 to 2020. In 2022, the city's population grew even further to 56,000.

    The rising prices have shined a brighter light on housing affordability, as many native Montanans have been priced out by ever-increasing rents. Outside of Bozeman, some longtime residents are now residing in RVs due to the heightened costs.

    With strong support from GOP Gov. Greg Gianforte, the Montana legislature passed housing and land-use reform bills that overhauled the construction process — and now permit more housing density.

    The issue is sure to be a major issue for Tester — as well as the eventual GOP Senate nominee — for a state in transition.

    In 2018, Tester won reelection to a third term by roughly 18,000 votes out of nearly 505,000 ballots cast.

    National Republicans see Montana as one of their best opportunities to win a "red" seat, especially as many transplants left Democratic-dominated coastal states for a more rustic environment.

    But the Senate race is projected to be incredibly close. And for Democrats and Republicans, the newest Montanans will likely be an unpredictable voting bloc.

    Read the original article on Business Insider
  • ASX 200 uranium stock dives 10% amid $26 million insiders sell-off

    Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.

    ASX 200 uranium stock Boss Energy Ltd (ASX: BOE) is the biggest faller of the ASX 200 so far today.

    The Boss Energy share price tumbled 9.73% shortly after the market open amid news of a major collective insiders’ sell-off. After hitting and of $4.82 per share, the uranium miner has partially recovered to $4.87.

    Just after 5pm yesterday, the company announced that Boss Energy CEO and managing director Duncan Craib, chair Wyatt Buck, and director Bryn Jones had sold a significant portion of their personal holdings.

    The statement included details of each sale and commentary from Buck as to why the sell-off occurred.

    Let’s look at the details.

    Major insiders sell-off of ASX 200 uranium stock

    Firstly, let’s look at the details of the sales.

    Boss Energy CEO and managing director Duncan Craib sold 3.75 million shares at an average price of $5.63 per share between Tuesday and Friday last week. The on-market sale totalled just over $21 million.

    Additionally, Craib exercised an option yesterday to acquire 250,938 Boss Energy shares at a zero exercise price. The 250,983 short-term unquoted options had an expiry date of 30 June 2025.

    His holdings now total 741,673 shares in the ASX 200 uranium stock, plus almost 300,000 long-term unquoted options and more than 390,000 long-term performance rights.

    Chair Wyatt Buck sold 291,777 Boss Energy shares last Tuesday, also at $5.63 per share. The on-market sale totalled just over $1.64 million.

    The sell-down represented 63% of Buck’s holdings. He retains 170,000 shares in the ASX 200 uranium stock.

    Director Bryn Jones also sold 600,000 Boss Energy shares last Tuesday at $5.63 per share. The on-market sale totalled just under $3.38 million.

    Like Buck’s sale, this also represented 63% of his total holdings. Jones retains just under 345,000 shares in the ASX 200 uranium stock.

    What did management say?

    In the statement, Buck explained that several years ago, the board of directors made personal commitments not to sell any shares until Boss Energy’s 100%-owned Honeymoon mine began production.

    The company acquired the Honeymoon mine in December 2015. The first drum of uranium was produced last month, making Boss Energy Australia’s first new uranium producer in a decade.

    Buck specifically addressed the largest sale among the three directors — that of CEO Duncan Craib.

    He said:

    Mr Craib joined Boss in January 2017 and was tasked, personally invested, and incentivised with taking the Honeymoon mine toward production.

    Having achieved that milestone event Mr Craib has sold 3.75 million securities and retains 1.43 million securities after the change.

    Mr Craib remains a significant long-term shareholder of the Company and has no intention to sell any further shares in the medium term.

    Buck added that Craib remains committed to driving Boss Energy’s growth.

    He said the board was acting to ensure Craib and the executive team were incentivised and aligned for the company’s next stage of expansion.

    As at 31 March, Boss Energy has no debt and $298 million of liquid assets (cash, equity investments and physical uranium).

    What’s happening with the Boss Energy share price?

    The ASX 200 uranium stock has soared in recent years as the world warms up to the idea of nuclear energy being part of the green energy transition.

    The Boss Energy share price is up 75% over the past 12 months and 9,560% over the past five years. (You read that right!)

    As we recently reported, the ASX 200 uranium stock has also been one of the top 5 risers since the COVID crash.

    The new demand for uranium emerged amid constrained supply, leading to extraordinary growth in the uranium price.

    The uranium price is currently at a 16-year high of US$91.65 per pound, up 68% over the past 12 months.

    The uranium price cracked the US$100 per pound watermark in January before retracing to where it is today.

    Established uranium mining companies around the globe have rushed to restart mines that have been on care and maintenance for years to feed this growing worldwide demand.

    According to Trading Economics, the United States and 20 other countries have announced plans to triple their nuclear power by 2050.

    Of the 58 global nuclear reactors under construction, China is building 22 of them.

    The post ASX 200 uranium stock dives 10% amid $26 million insiders sell-off appeared first on The Motley Fool Australia.

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

    Before you buy Boss Resources 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 Boss Resources 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 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.

  • ASX growth stock on the cusp of profitability: My multibagger pick

    Kid on a skateboard with cardboard wings soars along the road.

    Rarely will an ASX growth stock look ‘cheap’ if it is close to printing money for its shareholders. No one wants to sell an ordinary goose as it evolves into a golden one. As such, it’s often extremely difficult to locate a company with multibagger potential before it skyrockets.

    Patience and perseverance can go a long way in this lifelong endeavour. If you turn over enough stones, you’ll eventually find those rare companies — the misunderstood, underappreciated, or simply ignored businesses primed for success.

    This month, I’ve uncovered a little ASX growth stock that is now high on my buy list.

    Profits could send this soaring

    Companies that are not yet profitable can be difficult to value. As onlookers haphazardly speculate on the future, this can lead to wildly exuberant or sunken share prices. Fortunately, this wayward estimation can also give rise to undervalued opportunities.

    Sometimes, the mood among a company’s shareholders falls into a rut. Good news becomes bad news, and bad news becomes terrible news. The despair stage can narrow investors’ vision, clouding genuine positive signs.

    Enter Eroad Ltd (ASX: ERD): A fleet management technology company attempting to traverse the gap between cash burner and cash earner. If successful, sentiment can quickly shift. A recent example is Xero Ltd (ASX: XRO), with shares now up 19% year-to-date after achieving profitability in FY24.

    High revenue growth and profitability are powerful combinations. The New Zealand-based vehicle telematics company Eroad is already reaping revenue growth. In the last three years, its revenue has increased 98.7% to NZ$182 million — a compounding annual growth rate (CAGR) of 25.7% per annum.

    On 23 May 2024, this ASX growth stock announced it had achieved a positive free cash flow of $1.3 million in FY24.

    Furthermore, according to analyst forecasts, FY26 net profit after tax (NPAT) could be around NZ$10.6 million. Those estimates then expand to NZ$24.4 million in FY27.

    If Eroad were to trade on a 30 times price-to-earnings (P/E) ratio, the company’s market capitalisation could be A$676.6 million. Right now, Eroad is valued at $162.3 million — leading me to believe this ASX growth stock could be a four-bagger in three years.

    Why is this ASX growth stock being ignored?

    I’m guessing you’re already asking: “Mitchell, why hasn’t the share price rallied if the future is so bright?”

    It’s a good question. Eroad is not without its risks.

    My biggest worry is the company’s rate of share dilution. Since 2020, the number of shares outstanding has more than doubled (shown below), effectively more than halving the value of each slice of ownership a shareholder owns.

    Data by Trading View

    I’ll be keeping a close eye on it, although I’m optimistic, given Eroad is now free cash flow positive.

    The post ASX growth stock on the cusp of profitability: My multibagger pick appeared first on The Motley Fool Australia.

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

    Before you buy Eroad 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 Eroad 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 Mitchell Lawler 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Memorial Day weekend marred by severe weather — and it’s not over

    Powerful storm leaves building badly damaged
    Powerful storm rips through Valley View, Texas

    • Memorial Day weekend was marred by severe storms across the US.
    • More than 20 people died, and tornado warnings are in effect for Maryland, Texas, and other states.
    • Scientists blame the heat and say the severe weather will continue. 

    Memorial weekend is the unofficial start of summer, and this year it was marred by a series of severe weather incidents that scientists say could continue as temperatures rise.

    Severe weather, including thunderstorms and tornados, swept across Texas, Oklahoma, Arkansas, and Kentucky over the holiday weekend, destroying buildings and killing over 20 people, according to the Associated Press.

    Andy Beshear, the governor of Kentucky, declared a state of emergency on Monday after five people died in the state from incidents associated with the severe weather.

    The storms moved to the Northeast on Memorial Day, placing the Washington, DC, metropolitan area under a tornado watch on Monday evening. Parts of Texas, the Lower Great Lakes, and the Mid-Atlantic continue to be under a tornado watch for Tuesday, the National Weather Service said.

    The NWS warned of flash flooding in the Northeast and Mid-Atlantic region on Monday, and hail in the Southern Plains and Texas on Tuesday and possibly Wednesday.

    Semi truck damaged in Texas storm
    Severe weather damages a truck stop in Texas

    Harold Brooks, a senior scientist at the National Severe Storms Laboratory in Norman, Oklahoma told the AP that a persistent pattern of warm, moist air is behind the string of tornadoes over the past two months.

    Sjoukje Philip, a researcher at the Royal Netherlands Meteorological Institute, said that while attributing tornadoes to climate change is not straightforward, there is a link.

    "With hotter sea surface temperatures, the air can hold more moisture. So I can also imagine that whenever there is precipitation, whether that's from a tornado or something else, there can be more rainfall, on shorter timescales. So that's a really clear relation," Philip told the AP.

    The series of storms comes as temperatures climb in parts of the US, including Texas, where weather forecasters predicted temperatures of up to 120 degrees Fahrenheit this weekend in some parts of the state. And just last week, in Mexico, temperatures got so hot that multiple monkeys suffered heat stroke and were dropping from trees like apples.

    Philip noted that 2023 was the hottest year on record and that average temperatures are expected to continue to rise, which could trigger more severe weather.

    Read the original article on Business Insider
  • The greats you should base your investing on

    following famous investors in shares represented by pair of men's business shoes

    “Dad, you wave at people a lot when you’re driving. I think it’s because you’re old.”

    Now, as much as I’d like to believe my son was wrong about that first statement, I’m not sure he is.

    A driver coming the other way had pulled further to his left to give me room to go around some workers on the side of the road. So yes, I waved in acknowledgement and thanks.

    It did give me the opportunity to talk to my son about being kind, and thankful. And that I try to be considerate in return. I told him that my hope is also that by being considerate, and appreciating others when they are, too, it might lead, in a very small way, to a slightly nicer community.

    And it reminded me of driving in the country. We try to get away for a few weeks every winter in the school holidays – recently that’s been a series of driving holidays in the bush. If you’ve done the same, you’ll know that there’s a very strong correlation between the distance from a capital city, and the likelihood that you’ll get a wave from an oncoming driver.

    Obviously impractical around town – you’d get RSI just going to and from work – but in the bush there’s something really nice about acknowledging each other in that very small way.

    Surprise, surprise: after I dropped the young bloke off at school, my thoughts turned to investing.

    It reminded me of what might be my favourite quote of all time (it’s a crowded field, and I reserve the right to change my mind!), from Sir Isaac Newton:

    “If I have seen further than others, it is by standing upon the shoulders of giants.”

    This statement of absolute humility, from one of the greatest minds humanity has known, has always struck me.

    None of us can do it – anything – all alone.

    We are the product of our lives up to this point:

    Parents, siblings, extended family, friends, neighbours, teachers, colleagues, managers, coaches, teammates, books, television shows, opportunities, obstacles, successes, failures…

    There is no self-made man or woman. There is no overnight success. None of us achieves anything from first principles.

    Which, frankly, we should find wonderfully freeing. It should free us from our own egos. And lower the heights of the mountains we aim to climb.

    The humility to stand on the shoulders of giants – to learn from others, and use their example and expertise – also gives us an enormous advantage.

    Investors don’t have to divine for ourselves the mathematical concepts behind the ‘discounted cash flow‘ model. We don’t have to invent the term ‘competitive advantage’. We don’t need to discover the beauty of a capital-light business model. Or the benefits of economies of scale. And much more, besides.

    Indeed, we have never had more information – and access to that information – including the ideas, successes and failures of those who came before.

    It would be hubris in the extreme to think that we can find or invent some heretofore unknown investing principle or paradigm. And even if we could, the time and effort it would take would almost certainly be better used understanding what is already known, and putting it to work for ourselves.

    And yet, it is that very hubris (and/or ego) that leads many to ignore what is already known. It is behind the ‘not invented here’ syndrome that inflicts much of society. And, frankly, we see it all too often in the ‘Warren Buffett’s lost it’ headlines, and the idea that ‘old fashioned’ investing principles don’t apply for one reason or another.

    (Indeed… the increase in such sentiment is an interesting sign that investors may be getting carried away. No, don’t use it to try to time the market, but do be careful if you feel yourself getting caught up in something!)

    Me? I don’t think I’ve ever had an original idea about an investing principle. About how they might apply, sure. But there is no ‘Phillips Constant’ or ‘Phillips Trading Strategy’. I think I’ve done okay applying existing principles, but not inventing my own.

    I’ve written this before, but I am almost never the smartest person in the room (sometimes, not even when I’m alone!). If I have a skill, or perhaps more accurately an ‘approach’ that works, it’s in doing my best to synthesise the ideas of others and apply them to new circumstances.

    I’ve taken the maths of Ben Graham, the sensibility of Warren Buffett, the multidisciplinary brilliance of Charlie Munger, the explanations of Peter Lynch, the business savvy of Jim Collins and the behavioural insights of Danny Kahneman and Amos Tversky. I’ve read countless others who have unpacked and explained all of the above, and more. And I’ve internalised Aesop’s ‘Tortoise and the Hare’, both as a general principle and as encapsulated in my single favourite investment picture: The Vanguard 30-Year Index Chart.

    There are a lot of giants in the paragraph above. Neither you nor I could hope to become any one of them via our own efforts in a single lifetime – and certainly not all of them.

    And to return to my original point, each of those people has paid their expertise forward – in their writing, speaking, and in their example and results. The beauty of knowledge is that it is, like investing, a compounding phenomenon: the more you know, the more you can know.

    I do this job in large part because I was fortunate enough to learn from my now-colleagues in the US, when I was starting out as an investor. And because I can repay that by paying it forward to others.

    More giants. More shoulders.

    So, this is my acknowledgement of them. And my hope is that by sharing it, others will be able to access the lessons I’ve learned.

    I had a lovely message from a reader the other day, thanking me for what I do in this space and on our podcast, Motley Fool Money. He wanted to send me a small gift as a thank you.

    Which is flattering, obviously. And very much appreciated. But I asked him, instead, to just pay it forward – to share what he’s learned and benefitted from, with others.

    No, I don’t think I’m going to unleash a new wave of waving drivers. Or a wave of investors who’ve had their own Damascene conversions. But if I can make a bit of a difference, for a few people, I’ll consider my work done.

    And the ‘old’ bit of my son’s comment? I’m just going to have to cop that one on the chin!
    Fool on!

    The post The greats you should base your investing on appeared first on The Motley Fool Australia.

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  • Disengaged voters could be the key to Biden winning a second term. But they need to be convinced on the economy.

    Biden
    President Joe Biden speaks about investing in clean energy manufacturing at CS Wind in Pueblo, Colorado.

    • A new poll shows Trump's polling gains have been powered by voters who didn't cast a ballot in 2020.
    • The Times says these voters could stay home or return to Biden. 
    • Many of these voters actually lean Democratic, but they've drifted away from Biden over the economy.

    President Joe Biden's reelection chances could rest on the support of irregular and disengaged voters — a segment of the population who sat out the hotly-contested 2020 presidential race.

    But Biden would have to convince these voters that his vision for the economy would ultimately work for them, as their lagging support for his campaign has given former President Donald Trump a major opening ahead of November.

    A New York Times/Siena College poll released last month shows Trump's polling gains have been powered by registered voters who didn't vote in 2020. Among these so-called irregular voters, Trump had a seven-point advantage over Biden (43% to 36%) for the 2024 contest in the latest poll. And Trump held an overall one-point lead (46% to 45%) among registered voters, while Biden had a one-point lead over Trump among voters aged 18 to 29.

    However, there's no guarantee these voters will remain in Trump's corner in November, the Times wrote. With many irregular voters splitting their tickets — which is already being seen as Democratic Senate candidates in swing states including Pennsylvania and Wisconsin are running ahead of Biden — Trump's support among these disengaged voters could falter as partisan leanings sharpen closer to the election. Many of these less engaged voters could eventually support Biden or stay at home, said the Times.

    A big issue for irregular voters appears to be the economy, the poll showed. Democratic-leaning irregular voters said they view the economy as either "poor" or "fair," while Democratic voters who vote more regularly, described the economy as "good" or "excellent," the report said.

    This presents a challenge for Biden as he aims to bolster his economic message — especially among young voters and minorities who would generally be inclined to back him based on prior voting trends. In the 2020 election, Biden dominated among young voters aged 18 to 29, winning this group by 24 points over Trump, according to Pew Research.

    But as recent data has showed, the 2024 race will be fought on much different terrain than the 2020 contest.

    Read the original article on Business Insider
  • Cockroaches wouldn’t exist without humans. We helped them become one of the world’s worst pests, according to a new study.

    German cockroach
    A German cockroach on a piece of bread.

    • The German cockroach is one of the most common household pests worldwide.
    • New research found that the species evolved to thrive in human dwellings about 2,100 years ago.
    • "It's a creation of human-made environments," a researcher told the Washington Post.

    If you ever saw a cockroach scuttling across your kitchen floor or a restaurant wall, chances are it was a German cockroach. The German roach is the most common of the 70 different cockroach species in the US.

    For 250 years, scientists didn't know where it came from and how it managed to spread to every continent on Earth except Antarctica. Now that mystery has been solved, and the answer is that it's largely our fault.

    The German cockroach is "a creation of human-made environments," Edward Vargo, an entomology professor at Texas A&M University and co-author of a new study identifying the roach's origins, told The Washington Post.

    The German cockroach can't survive in "temperate winters outdoors" and all species of cockroaches "prefer warm, moist places where they can feed on human and pet foods, decaying and fermenting matter, and a variety of other items," according to the Illinois Department of Public Health.

    That's why it's pretty safe to say that if human-built establishments like houses, stores, restaurants, and other buildings didn't exist, neither would these pesky pests.

    The researchers published their results last week in the peer-reviewed journal Proceedings of the National Academy of Sciences.

    Where did the German roach come from?

    Scientists have long understood that the species thrive indoors, but their origins remained a mystery.

    Through DNA analysis, Vargo and his colleagues found that the species' closest relative is the Asian cockroach.

    The German roach evolved from its Asian cousin about 2,100 years ago to adapt to "human settlements in India or Myanmar," the researchers reported in their paper.

    With advancements in transportation and "temperature-controlled housing," the German cockroach made its relatively recent global spread, the researchers said in their report.

    How the German cockroach took over

    The German cockroach's adaption to warm environments, ability to rapidly breed, and unique resistance to insecticides make them a frustratingly common presence in households.

    For example, in a lifetime, one adult female German roach can produce four to eight egg capsules containing up to 48 eggs each, according to Penn State's Department of Entomology. Do the math and that's between 192 to 384 roaches, if every egg survives to adulthood.

    But German roaches didn't migrate thousands of miles across oceans and continents on their tiny insect legs. Their global spread coincides with advancements in human travel and housing, according to the study.

    In particular, the researchers determined that the German cockroach's spread began along two routes, west and east of its origin in India or Myanmar.

    The roach's westward spread likely occurred during times of increasing "commercial and military activities of the Islamic Umayyad or Abbasid Caliphates" about 1,200 years ago, the researchers reported. Meanwhile, the pest's eastward spread about 390 years ago was likely caused by "European colonial commercial activities between South and Southeast Asia."

    Understanding the German cockroaches' origins could help other scientists understand how the species evolved to become so resilient against common insecticides. One study found that they're resistant to five types of common household insecticides.

    "If we can know the origin of the species, we can try to identify the mechanism of this rapid evolution of insecticide resistance," Qian Tang, a research associate at Rowland Institute at Harvard who led the new study told the Post.

    Read the original article on Business Insider