• Do CBA shares justify their ‘valuation premium’ following the bank’s Q3 update?

    A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend

    Commonwealth Bank of Australia (ASX: CBA) shares were under pressure on Thursday.

    The banking giant’s shares ended the day over 2% lower at $117.09.

    Investors were hitting the sell button in response to the bank’s third quarter update.

    CBA reported a 1% decline in operating income for the three months ended 31 March. This reflects one less day in the quarter and slightly lower net interest margins due to continued competitive pressures and customers switching to higher yielding deposits.

    This ultimately led to Australia’s largest bank reporting an unaudited statutory net profit after tax of $2.4 billion. This is down 3% on the first half average and 5% on the prior corresponding period.

    Also weighing on CBA shares were its rising arrears. While its balance sheet remains strong, CBA’s arrears increased across home loans, credit cards, and personal loans. This was largely blamed on cost of living pressures.

    Has this pullback created a buying opportunity for investors or should they stay clear of the big four bank? Let’s find out.

    Are CBA shares good value or overvalued?

    The team at Goldman Sachs has been looking over the result and was reasonably impressed, noting that its profits are run-rating ahead of second-half expectations. The broker said:

    Cash profit from continuing operations in 3Q24 of c. A$2.4 bn was down 3% vs. 1H24 quarterly average and run-rating c. 4% ahead of what was implied by our prior 2H24E forecasts largely due to outperformance on the BDD charge. PPOP was in line with expectations.

    However, unfortunately this still doesn’t justify the significant premium that CBA shares trade at compared to the rest of the big four banks. Goldman adds:

    While CBA’s volume momentum in housing lending has improved and BDDs charges remain benign, we do not believe this justifies the extent of its valuation premium to peers, and note the 52% 12-month forward PPOP premium it is currently trading on versus peers (ex-dividend adjusted), compared to the 24% 15-year average.

    In light of this, the broker has reiterated its sell rating with an improved price target of $82.61 (from $81.98). Based on the current CBA share price of $117.09, this implies potential downside of approximately 30% for investors over the next 12 months.

    The broker then concludes:

    Coupled with i) a business mix that leaves it more exposed to the current competitive environment, and ii) while CBA has historically done a good job in balancing investment and productivity, we do not think it can escape elevated FY24E cost pressures given heightened inflation; we reiterate our Sell recommendation.

    The post Do CBA shares justify their ‘valuation premium’ following the bank’s Q3 update? appeared first on The Motley Fool Australia.

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  • How Google founders Larry Page and Sergey Brin built their combined $257 billion net worth, and how they spend it

    Google cofounders Larry Page and Sergey Brin stand with their arms around one another.
    Google cofounders Larry Page and Sergey Brin met at Stanford.

    • Google cofounder Larry Page is the world's seventh-richest person, worth $128.6 billion
    • Fellow Google cofounder Sergey Brin is No. 9, with a reported net worth of $123.5 billion.
    • The centibillionaires spend their fortunes on sprawling estates, superyachts, and trapeze lessons.

    Larry Page and Sergey Brin may have only taken salaries of $1 during their time at Google, but they're still two of the richest people in the world.

    Both Page and Brin are among the largest shareholders of Google's parent company, Alphabet, despite stepping down from their posts in December 2019. Their combined fortune is valued at $257 billion, according to the Forbes Billionaires List.

    Here's a look at how Page and Brin made and spend their fortunes.

    Brin and Page met in 1995, when Brin gave Page a tour around Stanford University

    Brin was a second-year graduate student in Stanford's computer science department and Page was considering attending. They reportedly both found each other "obnoxious" at first, but they became classmates.

    Despite their initial spats, Brin and Page started working together on an interesting idea Page had about cataloging every link on the internet. BackRub, as it was called at its inception in 1996, took off.

    After dropping out of Stanford, the two founded Google in 1998

    Sergey Brin and Larry Page pose with a Google logo in a Piet Mondrian abstract style, peeking out from either side of the large display, in September 2003.
    Brin and Page resigned from their management roles at Alphabet in 2019.

    Google was first launched in a garage in Menlo Park, California.

    Page had two stints as Google's CEO while Brin was president. In 2019, the billionaire duo announced that they would be stepping back from their roles at Alphabet.

    "We've never been ones to hold on to management roles when we think there's a better way to run the company," their letter read.

    Google CEO Sundar Pichai then took on the additional title of CEO of Alphabet.

    In 2005, Larry Page bought a $7.2 million home in Old Palo Alto

    The home, which is listed on the National Register of Historic Places, was built from 1931 to 1941 for Bay Area artist Pedro de Lemos.

    At 9,000 square feet, the two-story home was built in the Spanish Colonial Revival style. It's constructed of stucco and tile around a courtyard. Parts of the home were salvaged from a chapel that was partially destroyed during the 1906 San Francisco earthquake.

    In 2009, after Page bought the historic home, he started buying adjacent properties to construct an environmentally friendly estate. The 6,000-square-foot home has a roof garden with solar panels and four bedrooms.

    Brin has even swankier digs in New York City's tony West Village

    Brin bought a West Village penthouse for $8.5 million in 2008. Celebrities like Sarah Jessica Parker and Tiger Woods have also scooped up property in that neighborhood.

    The two-story, three-bedroom, 3,457-square-foot penthouse also has a 1,200-square-foot wraparound terrace with views of lower Manhattan. The kitchen is outfitted with custom Moroccan tiles and top-of-the-line appliances.

    Brin has also purchased an estate in an undisclosed location in Los Altos Hills, California.

    The Google cofounders are both regulars at Burning Man

    Page and Brin are known for attending Burning Man. To disguise their identities, they've worn full spandex body suits.

    They've also been known to spend time vacationing in Fiji.

    A series of vehicles decorated with neon lights drive through the playa at Burning Man, surrounded by attendees.
    Burning Man has its own pop-up airport for all the billionaires preferring to charter their way to the festival built around the ideas of "decommodification" and "leave no trace."

    Page and Brin also regularly traveled to Sicily to host the super-exclusive Google Camp.

    Google Camp takes place at the Verdura Resort, which has a 200-foot infinity pool, a mile of private coastline on the Mediterranean, and two 18-hole golf courses.

    Brin and Page have each bought superyachts

    While they were in Fiji in 2012, Brin and Page rode in Brin's superyacht, the Dragonfly, a vessel measuring 240 feet Brin reportedly bought for $80 million in 2011. Previously, it was available to charter for $773,000 per week.

    Constructed in 2009, the Dragonfly was the world's fastest superyacht. It has an open-air cinema, a Jacuzzi, and a dance floor. It can hold 18 guests and 16 crew members.

    Brin has several luxury yachts and water-sports vehicles that those in his inner circle call the "Fly Fleet."

    Besides the Dragonfly, the fleet also includes a 130-foot yacht called the Butterfly, as well as a smaller pleasure craft called the Firefly.

    Google cofounder Sergey Brin's yacht floats in a harbor.
    Brin owns multiple yachts, including the Butterfly.

    Meanwhile, Page's superyacht, called "Senses," measures 60 meters and accommodates up to 12, has six decks, open and shaded sun decks, a gym, and Jacuzzi — as well as five Waverunners. He reportedly paid $45 million for it in 2011.

    Brin and Page also travel in style by air

    They bought a Boeing 767-200 in 2005 — an unusual choice as executives usually prefer Gulfstream jets.

    A Boeing 767-200 hovers above the runway at an airport.
    Brin and Page have a private jet and their own private airport.

    The former passenger jet carries 50 passengers. There are several seating areas, two staterooms with connecting bathrooms and showers, and a dining area.

    These guys don't just have a private plane — they also have an $82 million private airport. Google began building its own private airport near the San Jose airport in 2014.

    Page doesn't just dabble in typical aircraft. While we don't know how often Page himself is taking the products for a spin, he has funded three flying car companies — a fitting hobby for the man who once oversaw Waymo, Google's self-driving car service.

    Page and Brin both have been taken with Teslas

    The duo led an investment round of $40 million in Elon Musk's EV company back in 2006.

    Brin was the fourth person to receive a Tesla Model X Crossover SUV in 2015 when it was first released — he snagged a white one.

    Elon Musk stands in front of a Tesla Model X Crossover SUV during a launch event.
    Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. After several production delays, Elon Musk officially launched the much anticipated Tesla Model X Crossover SUV.

    Page took his interest in Tesla even further in 2014 when he said he would donate his billions to Elon Musk instead of a charity, his family, or his own business.

    Page and Brin have both frequently given to philanthropic causes

    From 2000 to 2017, Brin donated donated $37.5 billion and Page $38.5 billion. In 2018, however, both Brin and Page gave 0% of their fortunes to charity.

    Brin has reportedly donated more than $1.1 billion to Parkinson's disease research, making him the largest individual donor to the cause. (Brin has previously said his mother has Parkinson's, and he has a rare genetic mutation that puts him at a higher risk for developing it than the general population.)

    In both 2020 and 2021, The Sergey Brin Family Foundation gave roughly $250 million to groups with causes like tackling climate change and homelessness, and even a nonprofit supporting colonization of the moon.

    Page's Carl Victor Page Memorial Foundation disbursed nearly $200 million to charities in 2021, of which 99% went to the National Philanthropic Trust, a donor-advised fund. DAFs, as they're known, let donors make tax-deductible contributions that are given to charities over time, though money can stay in DAFs indefinitely, and when it is disbursed, you can't publicly track where it goes.

    Brin also spends his money on a variety of thrill-seeking hobbies

    Brin has been reportedly building an entire flying airship at a NASA research center near Mountain View, California, not far from Google's headquarters.

    The project has been estimated to cost between $100 and $150 million — and is funded entirely by Brin. Brin's airship received FAA clearance last year.

    Sources say Brin pictures the airship delivering goods and food on humanitarian missions, as well as being an "air yacht" for the billionaire's friends and family.

    A group of workers in a large warehouse stand in front of the Pathfinder 1 airship created by LTA Research.
    Sergey Brin's airship company, LTA Research, received clearance last year for its massive Pathfinder 1 to take the skies at heights of up to 1,500 feet.

    Brin is a lover of roller hockey, ultimate Frisbee, gymnastics, and high-flying trapeze. He has been spotted at advanced trapeze classes at the Circus Warehouse in New York City, which costs $1,760 per month.

    Page has been known to kite board — sometimes with Richard Branson.

    Brin reportedly paid the salaries of 47 people who work for him and his family, including ex-bankers who manage his philanthropy and finances, a fitness coordinator, a yacht captain, an archivist, and a photographer.

    For those two centibillionaires, their combined net worth is now around a quarter of a trillion — yes, with a "t" — dollars.

    That's a far cry from Google's humble beginnings in a garage in Menlo Park.

    Rachel Premack and Taylor Nicole Rogers contributed to a previous version of this story.

    Read the original article on Business Insider
  • Withholding US weapons from Israel could force changes in how it fights but may not stop its devastating assault

    Israeli artillery troops stationed at the Rafah border launch attacks into southern Gaza on May 8, 2024.
    Israeli artillery troops stationed at the Rafah border launch attacks into southern Gaza on May 8, 2024.

    • The US paused a shipment of bombs to Israel last week amid rising concerns over a Rafah assault.
    • On Wednesday, President Joe Biden warned that Washington may block additional weaponry.
    • It's a politically significant move that could have military implications as well.

    After seven months of war in the Gaza Strip, US military support for Israel has arrived at a pivotal moment in recent days: it no longer appears to be unconditional.

    Last week, the US paused a shipment of bombs to Israel — marking the first time since the war began last fall that Washington has done so — amid rising concerns that the country was gearing up for a major military operation in the southern Gaza city of Rafah.

    Then, on Wednesday, President Joe Biden warned he would withhold additional weaponry, including artillery, if Israel pressed forward with a widespread ground assault on the city, where more than 1 million Palestinian civilians have sought refuge.

    The Biden administration's decision is a politically significant move that appears designed to apply pressure on Israeli Prime Minister Benjamin Netanyahu's government to do more to protect civilians in Gaza. Experts say that there could also be military implications as Israel continues to wage war.

    Biden is controlling 'one variable'

    The weapons shipment that the US put on hold last week was supposed to include 1,800 2,000-pound bombs and 1,700 500-pound bombs, according to multiple US officials. A final determination on what to do with this shipment has yet to be made.

    Israeli soldiers work on armored military vehicles at a staging ground near the Israeli-Gaza border, in southern Israel on May 8, 2024.
    Israeli soldiers work on armored military vehicles at a staging ground near the Israeli-Gaza border, in southern Israel on May 8, 2024.

    Israel has relied heavily on its inventory of the larger, 2,000-pound bombs throughout the war to go after Hamas' vast underground tunnel network. These air-dropped munitions can be outfitted with precision-guidance kits, but even then, they are still capable of causing lots of collateral damage. The State Department is also mulling whether to deliver more of these kits, known as Joint Direct Attack Munitions.

    For now, these holds are primarily symbolic, Daniel Byman, a senior fellow with the Transnational Threats Project at the Center for Strategic and International Studies think tank, told Business Insider. But that could change over time.

    The depth of Israel's stockpile is unclear, but it is believed to have a sufficient supply of munitions to continue fighting in Gaza without this particular shipment of US weaponry, said Byman, a former Middle East analyst for the US intelligence community. But "the campaign may take a while, and as we know, munitions can be used up very, very rapidly in these circumstances," he added.

    Hamas isn't Israel's only enemy though, and it wants to have a sizable stockpile of munitions to be ready for the possibility of a full-scale conflict with Lebanon's Hezbollah — another Iranian proxy group like Hamas. That would be a more difficult fight for the Israeli military, Byman said. Whether the US would actually withhold weaponry in that case is unknown.

    During a Wednesday interview with CNN's Erin Burnett, Biden acknowledged that civilians in Gaza have been killed by US-provided 2,000-pound bombs. He then said that he would withhold additional weaponry beyond the one shipment last week if the Israeli military proceeds with a major ground invasion in Rafah.

    A view shows Israeli F-16 fighter jets on a runway in an airbase in southern Israel on March 4, 2024.
    A view shows Israeli F-16 fighter jets on a runway in an airbase in southern Israel on March 4, 2024.

    "If they go into Rafah, I'm not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities, to deal with that problem," Biden said. "We're not going to supply the weapons and the artillery shells have been used."

    Earlier this week, Israel ordered civilians to evacuate eastern Rafah before announcing a "precise counter-terrorism operation" in the area, during which Israeli military seized control of the Palestinian side of a key crossing with Egypt that it said was being used for "terrorist purposes."

    The IDF said as part of its new activity, ground troops and fighter jets were striking Hamas targets in the Rafah area. The White House later described the operation as "limited," and Biden on Wednesday said Israel's actions so far haven't crossed his red line.

    Raphael Cohen, the director of the Strategy and Doctrine Program at the RAND Corporation think tank's Project AIR FORCE, explained to BI that by withholding 2,000-pound and 500-pound bombs, the US could force Israel to conduct more ground maneuver in Rafah, rather than an intense air campaign like what was seen earlier in the conflict.

    It's unclear if that would "necessarily save — minimize — Palestinian civilian casualties, but it does change the nature of combat," said Cohen, a former lieutenant colonel in the US Army Reserve. Putting a hold on artillery could also force Israel to carry out more high-precision raids, instead of clearing the entire city, he added. There is uncertainty there as well though.

    Smoke rises following Israeli strikes in Rafah on May 6, 2024.
    Smoke rises following Israeli strikes in Rafah on May 6, 2024.

    "The problem is that the Biden administration is controlling one variable, which is munitions," Cohen said.

    "It's all well and good to try to go after Hamas via commando raids," he added, but he cautioned that "the targets have to lend themselves to that kind of operation. It's not clear, to me at least, that that's necessarily the operational reality on the ground."

    The military utility of Biden's move ultimately has to be weighed against how important Israel views Rafah toward achieving its security objectives, Cohen said. "Countries are willing to go to great lengths if they feel their vital national interest is threatened, and fight even in suboptimal ways."

    Israel vows to 'stand alone'

    The decision to withhold weapons and Biden's latest warning that he would potentially put a pause on other support follows repeated efforts by the US to press Israel to present a credible plan that would limit civilian casualties ahead of any large-scale Rafah operation.

    It is not necessarily an unprecedented move, as past US administrations have also threatened to withhold military support from Israel. But this decision does represent a notable shift in Biden's approach to the war. Since Hamas' Oct. 7 terror attacks, the US has been unwavering in sending Israel a massive amount of weaponry, despite growing international concerns about the rising death toll in Gaza.

    John Kirby, the spokesperson for the White House National Security Council, told reporters on Thursday that despite the single shipment of bombs being held up, the Biden administration is still sending weapons to Israel, which is getting the "vast, vast majority of everything that they need to defend themselves."

    Palestinians ride on a vehicle as they flee Rafah on May 9, 2024.
    Palestinians ride on a vehicle as they flee Rafah on May 9, 2024.

    For now, it remains to be seen how Israel proceeds with its military action in Rafah, but officials have been defiant in saying that they will continue to hunt down Hamas, regardless of how much international support the country retains.

    "If we need to stand alone, we will stand alone," Netanyahu asserted on Thursday, per a translation. "I have said that if necessary, we will fight with our fingernails."

    Read the original article on Business Insider
  • A sunspot 7 times the size of Earth could spark aurora as far south as Michigan, New York, and Pennsylvania this Friday

    Aurora
    Aurora are usually contained to the uppermost art of the Northern Hemisphere. But US states as far south as Michigan may be able to see them this Friday.

    • A stunning aurora may be visible farther south than usual this Friday, lighting up the northern US.
    • That's thanks to an overactive, giant spot seven times the size of Earth that's erupting on the sun.
    • Northern border states from Washington to Michigan are most likely to see the aurora Friday night.

    The Northern Lights are forecast to reach farther south than usual this Friday, dazzling the northern US.

    Typically, the best time to see aurora is between 10:00 p.m. and 2:00 a.m. local time, because this is when it will be the most active, according to the National Oceanic Atmospheric Administration.

    We mainly owe this spectacle to a giant, hyperactive sunspot called AR3664 that's seven times the size of Earth and has been producing powerful eruptions, called coronal mass ejections, for the last several days.

    Powerful eruptions like these can hurl high-energy solar particles toward Earth that interact with our atmosphere to create aurora borealis, a dazzling display of colorful lights.

    Typically aurora are contained in the uppermost region of the northern hemisphere. But when Earth receives a more powerful blow of these high-energy particles, it can cause aurora over a larger portion of the planet.

    Over the last several days, AR3664 has grown in size, becoming one of the biggest and most active sunspots for this solar cycle (which began in 2019), Space.com reported.

    coronal mass ejection sun
    The sun blows out a coronal mass ejection, a powerful solar flare that can cause radio blackouts on Earth.

    And in the last 24 hours, AR3664 spit out four coronal mass ejections that are now hurtling toward Earth at roughly 560 miles per second, Matt Owens, a professor of space physics at the University of Reading, told Business Insider.

    Due to the relatively strong magnetic field of these oncoming coronal mass ejections, Friday's aurora is forecast to make a rare appearance, stretching all the way down to Montana, North Dakota, Minnesota, Wisconsin, and Michigan.

    Even states including Maryland, New York, and Pennsylvania, could catch a glimpse of the aurora low on the horizon, Andrew Gerrard, director of the Center for Solar-Terrestrial Research at the New Jersey Institute of Technology, told BI.

    "That's the most extreme estimate," Gerrard said. The reality is that we just won't know how bright, active, and wide-reaching the aurora will be until the coronal mass ejections reach Earth's atmosphere. Even experts' estimates of when they'll arrive offers only a rough ballpark.

    "Our timing estimates may be way off," Owens said.

    While the aurora are beautiful, coronal mass ejections bring some risks with them, too. When they interact with Earth's magnetic field, they can cause radio blackouts and power grid outages. But both Owens and Gerrard expect these approaching ejections won't cause any trouble on Friday.

    "With the eruptions from this group, I think we're going to see some really good aurora. I wouldn't expect too many really bad effects," Owens said.

    To watch the aurora on Friday, head to the NOAA's space weather website for the latest forecast to see if they'll be visible where you are.

    Then, just step outside once it's totally dark and look up. If you're lucky, you may get to see this spectacular sight.

    Read the original article on Business Insider
  • Russia’s jamming of American weapons in Ukraine is showing the US what it needs to be ready for in a future fight

    Ukrainian troops fire with surface-to-surface rockets MLRS towards Russian positions at a front line in the eastern Ukrainian region of Donbas on June 7, 2022.
    Ukrainian troops fire with surface-to-surface rockets MLRS towards Russian positions at a front line in the eastern Ukrainian region of Donbas on June 7, 2022.

    • Russia's electronic warfare has repeatedly foiled American precision weapons in Ukraine. 
    • These developments highlight the need for the US to develop solutions before any potential great-power conflict.
    • Those could include different weapons, specific countermeasures, and the targeting of enemy jamming systems.

    Russian electronic warfare has created problems for American-made precision weaponry in Ukraine, but Moscow is also showing its hand and telling the US what it needs solutions for to be ready for potential future fights.

    Ukraine has employed US precision weapons, like the HIMARS-fired Guided Multiple Launch Rocket Systems and air-launched Joint Direct Attack Munitions, throughout the war, but widespread Russian electronic warfare is regularly diminishing the effectiveness of these weapons.

    Lt. Gen. Antonio Aguto, who is serving as the commander of Security Assistance Group-Ukraine, addressed the problem in December 2023, noting that electronic warfare directed at some of the US' "most precise capabilities is a challenge." Other US officials have identified these issues as well, adding that the US and Ukraine were working on solutions.

    Any fixes developed to effectively counter the challenge posed by electronic warfare won't just benefit Ukraine. They'll also help the US solve problems it has long been concerned about as it prepares for the possibility of great-power conflict.

    Mark Cancian, a retired Marine Corps colonel and a senior advisor at the Center for Strategic and International Studies, explained to Business Insider that "the widespread GPS spoofing we see in Ukraine adds urgency to solving a problem DoD has long recognized: that wartime spoofing will reduce the effectiveness of its weapons."

    Vehicles with tall poles attached to them.
    A Russian R-330Zh Zhitel electronic-warfare jamming station during an exercise in July 2018.

    Electronic warfare can be executed using cheap but effective technology, and both sides of the war are using it extensively. And these tactics are not used solely to foil precision-guided munitions. They can also be used to scramble the connection between an operator and a reconnaissance or strike drone.

    Electronic warfare is a broad term that includes a variety of inexpensive options. Jamming is relatively straight-forward, Thomas Withington, an expert in electronic warfare and air defense and an associate fellow at the Royal United Services Institute, said, explaining to BI that it involves "blasting a GNSS receiver with noise to cause it to lose the position, navigation, and timing signal that it received from the satellite."

    Spoofing, on the other hand, involves sending false GNSS information to the weapon's navigation system, sending it off course or trajectory. Jamming is easier and can be done with cheaper equipment and engineers, while spoofing is likely to be used in more specific instances, such as hiding locations from the enemy.

    Both serve different purposes, but in either case, the effects can be deeply problematic for precision weaponry.

    Ukraine has managed to adapt to the challenge, in some cases, by engaging in jamming of its own or locating Russian electronic warfare sites and destroying them. Relying on alternative systems that don't depend on GPS or utilize other guidance systems, such as an inertial guidance system, helps bypass the problem. That's not always an option though.

    HIMARS
    M142 HIMARS launches a rocket on Russian position on December 29, 2023, at an unspecified location, Ukraine.

    Within the Russian military, there has likely been increased interest in employing electronic warfare in battle, especially over the past year or so, because it's so effective at countering US-provided precision weapons.

    Precision systems — like Excalibur and GMLRS, which can be fired from US-provided M777 howitzers and HIMARS, respectively — are seeing shockingly decreased accuracy due to jamming.

    "The philosophy behind weapons like Excalibur and JDAMs was that their reliance on GNSS, to an extent, was supposed to provide a level of precision," Withington told BI.

    The capability and accuracy of those much-vaunted weapons are now in question, he said, noting that "not only has tactical and operational ramifications for the Ukrainians," but it also potentially raises questions about "the wider confidence others have in those systems."

    Daniel Patt, a senior fellow at the Hudson Institute, told Congress back in March the 155mm GPS-guided Excalibur artillery shell "had a 70% efficiency rate hitting targets when first used in Ukraine" but "after six weeks, efficiency declined to only 6% as the Russians adapted their electronic-warfare systems to counter it."

    Patt added that "the peak efficiency of a new weapon system is only about two weeks before countermeasures emerge." That is valuable information for the US as it prepares for potential future fights.

    Joint Direct Attack Munition (JDAMs)
    2000 lbs GBU-31 Joint Direct Attack Munitions (JDAM) are transported to the flight deck of USS Harry S. Truman (CVN-75).

    The war in Ukraine has, as a defense expert previously told BI, been an "intelligence bonanza" and is giving the US an opportunity to learn how its precision weapons perform under modern threats like electronic warfare. It's not theoretical. Instead, the US is watching a rival power engage its weapons in a real war.

    Intelligence from the war builds on and likely advances years of research and discussion among US defense officials and experts about how electronic warfare will impact America's arsenal in a great power conflict and how the US will need to adapt.

    Cancian said DoD has been working on overcoming these threats by focusing on options like using narrower signal bands or the generation of stronger signals that are able to burn through jamming attempts.

    The threats, nevertheless, "remind us to be careful about expecting 'game changers,' though," he said. "The other side always develops countermeasures that reduce effectiveness."

    Despite the challenges, the US shouldn't completely write off its precision weapons should it one day find itself in a war with another great power, be it Russia or China, which would almost certainly employ electronic warfare as well.

    Withington said that "even if that jamming has been quite successful, the tactical imperative behind this is to work out a way to outflank the effectiveness of that electronic attack," noting that while a strong Russian jamming signal may be effective, it's also easier to detect and destroy.

    At a media event earlier this month, Doug Bush, the Army's acquisition chief, said it wasn't surprising Russia was able to jam US weapons. He said it was part of a "constant cycle" of innovation on both sides, adding that the US was learning that "with any precision weapon, you want multiple ways to guide it to its target."

    For some weapons, that's already in the works. Earlier this week, the US Air Force announced a contract for add-on seekers for its extended-range JDAMs, the goal being to improve the JDAM to resist electronic jamming and instead lock onto the source of the jamming, targeting it.

    Bush said the Army had created a team focused on adapting its weapons to electronic warfare issues long before the war in Ukraine, signaling the Pentagon's clear understanding of the problem these capabilities pose.

    Bush previously said in August 2023 that the Army was "fundamentally reinvesting in rebuilding our tactical electronic-warfare capability after that largely left the force over the last 20 years" and that the war in Ukraine had added "urgency" to those efforts.

    Soldiers setting up portable packs.
    US Army electronic-warfare specialists set up portable packs capable of picking up and jamming enemy frequencies at Fort Bliss in Texas in December 2018.

    Efforts to adapt precision weapons to the threat is just one facet of a multi-layered solution, Withington said. Other solutions to the problem involve using other weapons and prioritizing targeting the point of origin for electronic warfare signals early in a conflict.

    "It is imperative that forces like the US and its allies see future battle in a case that they have to first establish electromagnetic superiority," he said, explaining that denying enemies from using the electromagnetic spectrum in any way would "massively degrade at the very least, if not prevent altogether" an enemy from interfering with its weapons.

    Ultimately, though, as the US and Ukraine adjust to Russia's jamming and learn from the war, the "constant cycle" of innovation, as Bush said, will continue.

    "The measure, counter-measure, counter-countermeasure that we're seeing in Ukraine is typical in war," Cancian said, adding that there is "no technology provides the ultimate advantage."

    Read the original article on Business Insider
  • Morgans names the best ASX dividend shares to buy in May

    Deterra share price royalties top asx shares represented by investor kissing piggy bank

    There are plenty of quality ASX dividend shares to choose from on the Australian share market.

    But which ones are buys?

    Three that have been tipped as best ideas by analysts at Morgans in May are listed below. Here’s why they could be worth a look:

    Dalrymple Bay Infrastructure Ltd (ASX: DBI)

    The first ASX dividend share to look at according to Morgans is coal terminal operator Dalrymple Bay Infrastructure. It has an add rating and $3.03 price target on its shares.

    The broker notes that the lack of appetite from ESG-focused investors means its shares are trading on low multiples and offering big yields. It said:

    While DBI faces coal-related ESG headwinds, we think the stock may be attractive to income-oriented investors given its attractive cash yield (21.5 cps DPS guidance for the 12 months to June 2024). Furthermore, its CPI-linked and high margin revenues and numerous risk mitigants are enticing attributes for investors looking for a defensive element to their portfolios. Potential share price catalysts are value accretive organic capital investment and takeover potential.

    Morgans expects dividend yields of 7.6% in FY 2024 and 7.8% in FY 2025.

    QBE Insurance Group Ltd (ASX: QBE)

    Morgans believes that QBE would be a great option for income investors. It has an add rating and $17.96 price target on its shares.

    This bullish view is due largely to its attractive valuation, rate increases, and cost reductions. The broker explains:

    With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on 8x FY24F PE.

    Its analysts are forecasting partially franked dividend yields of 5.6% in FY 2024 and 6.1% in FY 2025.

    Woodside Energy Group Ltd (ASX: WDS)

    The broker also has this energy giant’s shares on its best ideas list with an add rating and $36.00 price target.

    Its analysts think Woodside could be an ASX dividend share to buy thanks to its quality earnings and recent share price weakness. They said:

    A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions.

    Morgans is forecasting fully franked dividend yields of 4.4% in FY 2024 and then 5.6% in FY 2025.

    The post Morgans names the best ASX dividend shares to buy in May appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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.

  • Samsung S95D vs. S95C: Our TV expert pit the brand’s top OLEDs head-to-head

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    A Samsung S95C side-by-side with a Samsung S95D TV on top of a light blue gradient background.
    The Samsung S95C (left) was the brand's 2023 flagship OLED TV, while the new S95D (right) is its 2024 replacement.

    The S95 series is Samsung's flagship OLED TV lineup. It offers high-end picture quality and is geared toward buyers willing to pay a premium for the brand's best performance. Right now, shoppers can choose between two S95 models: the 2023 S95C and 2024 S95D.

    The S95D is meant to replace the S95C, but the latter will remain available until existing stock sells out. Both TVs have similar capabilities, but the S95D can get a bit brighter, and it has a new matte screen that significantly reduces glare and reflections. However, the older S95C costs much less, and its glossy screen has some unique perks that videophiles might prefer.  

    To help you decide which high-end Samsung TV is best for your needs, I put both models head-to-head. I've been reviewing home entertainment products for over a decade, and my findings are based on hands-on testing time with each TV. Here's why I think the S95C remains a better buy for most people searching for a premium OLED. 

    Samsung S95D vs. S95C: Picture performance

    A Samsung S95D TV in a living room with a video of rippling water on the screen.
    The S95D (pictured above) edges out the S95C when it comes to HDR brightness capabilities.

    The S95D and S95C both use QD-OLED (OLED with quantum dots) panels, which enables them to produce pixel-level contrast control and a wide range of bright colors. They also offer excellent viewing angles so you can sit off to the side of the screen without noticing any drop in image quality. 

    When watching actual movies and TV shows, both displays provide impressive high-dynamic-range (HDR) performance. But while both TVs are neck and neck in most picture quality aspects, there is one area where the S95D has a more notable edge over the S95C: peak brightness. In fact, the S95D is the brightest OLED TV I've ever measured. 

    On a 10% HDR test pattern (a white box that takes up 10% of the screen), I measured a peak of around 1,360 nits on the S95C. On that same test pattern, I measured a peak of around 1,700 nits on the S95D. That's an increase of 340 nits or about 25%, which is a solid jump. 

    That said, the S95D can only hit 1,700 nits briefly before dimming significantly. But since most highlights that need to get that bright (like an explosion in a movie) only appear on screen for quick flashes, this limitation isn't that big of a deal. 

    Ultimately, the S95D's increased brightness gives it a slight advantage over the S95C for two reasons. One, it gives you more headroom to adjust the S95D's settings and pump up the screen's brightness to help combat issues with glare in rooms that let in a lot of light. And two, it enables the S95D to more accurately cover the full range of brightness that filmmakers intend when mastering HDR content that exceeds 1,000 nits. This means that extreme highlights can come through with a bit more detail and visual intensity on the S95D than they would on the S95C. 

    But while the S95D's brightness performance is the kind of thing that home theater nerds like me geek out over, it's important to note that the real-world benefits of this extra luminance can be subtle. If you watch both TVs next to each other while set in their brightest modes or playing HDR movies with especially bright highlights and colors, you'll certainly see a difference. But for average TV viewing, the S95C's brightness remains sufficient.  

    So, while the S95D does technically deliver superior image quality, I don't think its performance benefits are big enough to justify its more expensive price tag. The S95D will eventually come down in price, and the S95C will sell out, so this will become a moot point. But for now, it's hard to justify spending so much when you can still snag the S95C for around $1,000 less. 

    Samsung S95D vs. S95C: Glare and reflections

    A scene from "The Matrix" being displayed on a Samsung S95D TV.
    The S95D's matte screen (pictured above) is better at combating reflections than the S95C's glossy screen, but the anti-glare filter can elevate black levels. (Note: The camera sensor exaggerates this effect.)

    Even more so than their brightness capabilities, the biggest difference between the S95D and S95C is how each TV handles reflections. The S95C uses a glossy screen, while the S95D uses a matte screen. Both have their pros and cons, but the S95D's matte coating offers a big improvement in reducing glare and reflections. 

    Glossy screens, which are used in nearly every TV sold, can cause noticeable reflections in certain rooms. To combat this, manufacturers use different kinds of anti-reflective filters. The S95C's anti-reflective filter does a solid job for a screen of its type, but depending on where your windows and indoor lights are positioned, you could still run into issues with glare.

    On the other hand, the S95D's matte screen virtually eliminates reflections and glare entirely. If you struggle with reflections in your room, the S95D is a game changer. The only other 4K sets with similar matte-screen coatings are Samsung's own Frame TV and Hisense's upcoming Canvas TV, but those models can't match the pixel-level contrast that the S95D's OLED panel produces.

    Unfortunately, the S95D's matte screen has one notable side effect: it hurts black-level performance in a bright room. Though reflections and glare are dramatically reduced, black levels lose a bit of that deep, inky quality that OLEDs are known for and instead look slightly gray and hazy. 

    This is especially true when displaying darker scenes, like the opening action sequence of "The Matrix." This scene starts in a dimly lit room and then moves outside at night. The darkest elements of the scene are meant to be pure black, but because of the S95D's glare-free coating, they take on a more cloudy look that flattens the distinction between shades of black and gray. This makes it harder to discern details in shadows. 

    The S95C's anti-reflective filter isn't immune to this kind of side effect either, as it can cause a slight elevation of black levels and a faint pinkish hue in extremely bright rooms. But I never found those effects on the S95C noticeable during day-to-day viewing. In contrast, the elevated black levels caused by the S95D's matte screen are more pronounced and easier to notice.

    So, when it comes to bright room viewing, there are clear tradeoffs with each TV. The S95D's matte screen can handle glare and reflections better than any other TV on the market, but the downside is that you get elevated black levels that can give some dark scenes a flat look. Conversely, while the S95C's glossy screen preserves deep black levels better in bright rooms, it's much more prone to showing reflections when hit with light from certain angles.  

    As a big home theater enthusiast, I prefer the S95C's glossy screen since black-level performance is one of the most important aspects of preserving an accurate image. The matte screen is definitely helpful for certain use cases and could be ideal for specific setups, but I wish Samsung had implemented it on a step-down model rather than its 2024 flagship. Or better yet, offered it as an optional alternative.

    Samsung S95D vs. S95C: Design and interface

    A side-by-side composite of a Samsung S95C next to an S95D TV with their interfaces displayed on each screen.
    The S95C (left) compared to an S95D (right). Differences in brightness are a result of settings and camera sensors, and are not indicative of either model's actual brightness performance.

    Outside their screen coatings, the S95D and S95C have nearly identical physical designs. Both TVs have a thin profile that measures around 0.4 inches thick and use a separate One Connect Box to house all of their video and audio inputs instead of having those ports built into the panel.

    The One Connect gives you more flexibility for cable management, and both models have four HDMI 2.1 ports and one ATSC antenna port. However, the S95C has an ATSC 3.0 port, while the S95D has been downgraded to an ATSC 1.0 port. ATSC 1.0 supports receiving HD broadcasts, while ATSC 3.0 can also support 4K broadcasts.

    The switch to ATSC 1.0 is disappointing, but it's not as big a deal as it might sound. Actual 4K broadcasts are rare, and most people buying a high-end set like this rely on cable boxes or streaming services for live TV rather than digital antennas. Likewise, you can purchase a separate ATSC 3.0 tuner if needed. 

    The One Connect Box can be slotted right onto the back of the TV stand to hide it from view. The metal stand itself is also very similar for both TVs, with a sturdy pedestal design.

    Samsung's smart TV interface, which uses the Tizen operating system, has been slightly updated for the S95D versus the S95C. The S95D's layout has been tweaked and streamlined, and there's a new loading graphic when you open an app, but general functionality and features remain the same.

    Samsung S95D vs. S95C: Price and availability

    A Samsung S95C 4K TV in on a TV stand in a living room displaying a scene featuring a river and mountains.
    The S95C currently costs a lot less than the S95D.

    The 2024 S95D is meant to replace the 2023 S95C, but the S95C will remain available to purchase for as long as the existing inventory lasts. Though exact street prices fluctuate, the S95C is often on sale for as much as $1,100 less than the S95D. Both models are available in 55-, 65-, and 77-inch screen sizes, and here's how pricing compares for each option at the time of writing:

      Current S95C price Current S95D price
    55 inches $1,900 $2,600
    65 inches $2,500 $3,400
    77 inches $3,700 $4,600

    The S95D's price should gradually fall as the year goes on, and I expect to see big discounts during events like Amazon Prime Day and Black Friday. By the time the holiday shopping season rolls around, prices for current- and previous-year TV models usually even out. It's important to remember that the S95C will get harder to find in the fall and winter as stock depletes.

    The bottom line

    A sequence featuring a mountain range overlooking a lake displayed on a Samsung S95C OLED TV resting on an entertainment stand.
    The S95C remains a better value for now, but that could change when the S95D starts seeing discounts later in the year.

    The S95D and S95C are both impressive OLEDs, but the cheaper S95C remains a better value for most buyers in the market for a flagship Samsung TV. 

    The pricier S95D technically offers better image quality with brighter HDR performance. But for typical use cases, I don't think it's worth the premium, while you can still find the S95C for less money. 

    However, buyers specifically looking for a glare-free TV should consider paying extra for the S95D. It's the only high-end TV that can combat reflections this well. I generally prefer the superior black-level performance you get with the S95C's glossy screen, but the S95D's matte screen is uniquely suited for rooms where glare is a persistent issue. 

    For more details on each TV, check out our full Samsung S95C review and our full Samsung S95D review

    And for more TV recommendations, visit our guides to the best 4K TVs, best OLED TVs, and best Samsung TVs.

    Read the original article on Business Insider
  • The 7 best 65-inch TVs of 2024

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    A Collage of the Best 65" TV's With brands Sony, Samsung, and LG Represented on a blue gradient.
    The best 65-inch TVs include top models from LG, Samsung, and Sony.

    Size is one of the most important factors when deciding on a new TV. Many brands use 65 inches as the flagship size to showcase their top models, and this option is perfect for buyers who want a big screen that still fits in most living rooms. The best 65-inch TV for your needs will vary depending on your budget and viewing habits, but there are several great options. 

    Through a combination of hands-on testing and expertise informed by more than a decade covering the home entertainment industry, we selected the best 65-inch TVs you can buy. Our top recommendation is the Samsung S90C 4K TV. Thanks to its OLED panel and quantum dot technology, it delivers stunning contrast and color. But if that's too expensive, the Hisense U6K is the best 65-inch TV you can snag on a budget. Despite its low price, it boasts advanced image quality features like a Mini LED backlight.    

    Below are all seven of our picks for the best 65-inch TVs. Our recommendations cover every display type and budget, so you're sure to find something here to suit your needs.

    Our top picks for the best 65-inch TVs

    Best overall: Samsung S90C – See at Amazon 

    Best on a budget: Hisense U6K – See at Walmart 

    Best OLED for wall mounting: LG G3 – See at Amazon

    Best for home theaters: Sony A95L – See at Amazon

    Best midrange: Hisense U7K – See at Amazon

    Best with high brightness: TCL QM8 – See at Walmart

    Best designer display: Samsung Frame – See at Amazon


    Best overall

    When it comes to balancing price and performance, Samsung's S90C is the best 65-inch TV — and our pick for the best TV period — that you can buy. For the money, there simply isn't a better display out there.

    Unlike OLED TVs from LG, the S90C uses quantum dots to enable brighter colors. Coupled with the TV's infinite contrast ratio, the S90C's quantum dot filter leads to gorgeous high dynamic range (HDR) images with an impressive peak brightness of around 1,000 nits. You'd have to pay at least $600 more to get a 65-inch OLED that delivers better picture performance than this.

    The Samsung S90C television with an undersea shot on the screen, captured from the side.
    The Samsung S90C has better color performance than other 65-inch OLEDs in its price range.

    And though it's disappointing that Samsung doesn't support Dolby Vision, which can provide a more finely-tuned HDR image, the S90C's HDR10 and HDR10+ capabilities are so strong that we don't think most people will notice a difference. You can learn more about how different HDR formats compare in our HDR TV guide. The S90C also upscales lower-resolution content well, though it can't match the picture processing on a high-end Sony display. 

    Whether you're watching 4K movies at night or just flipping through cable channels in an average living room during the day, the S90C looks fantastic. The smart TV interface is also solid, though we prefer other platforms like Roku OS. On the plus side, Samsung's operating system is the only smart TV platform supporting Xbox Game Pass, which lets members stream high-end games without a console. The TV even supports a high 144Hz refresh rate when paired with a gaming PC.

    Samsung does sell an updated version of this TV for 2024, called the S90D. But while the new model is expected to be a bit brighter, it's also much more expensive. When looking at the overall value for your dollar, we think the S90C remains the best 65-inch TV you can buy. 

    Read our Samsung S90C OLED 4K TV review.

    Check out our full guide to the best Samsung TVs.


    Best on a budget

    Hisense's U6K proves you can still snag a great 65-inch TV on a budget. Despite some performance tradeoffs compared to our more expensive picks, the U6K delivers incredible value at this size.

    This budget-friendly TV uses a QLED display with local dimming and quantum dots. And while you might find some similarly priced options from competitors with those features, the U6K is the only TV in its price range that also uses Mini LED technology. Mini LEDs enable more precise control of a TV's dimming zones to produce better contrast and less blooming (halos around bright objects). 

    A screenshot from The Mandalorian on the Hisense U6K.
    Hisense's U6K is the most affordable 65-inch Mini LED TV you can buy.

    The U6K's dimming performance is great for its class, but its black levels aren't as deep as you'd see on more expensive QLED sets. The U6K also has limited brightness compared to high-end QLEDs, so it's not as good for rooms that let in a lot of light. 

    But at a peak of around 600 nits, the TV can still deliver highlights with just enough pop to show off the benefits of high dynamic range content. And thanks to its quantum dot filter, it offers an expanded range of colors when watching HDR programs. You'll just want to watch those programs from a centered view since colors and contrast dramatically fade when sitting off to the side.

    However, this level of off-axis performance is the norm for TVs in this price range. And like most sets in this class, the U6K is limited to a 60Hz panel rather than 120Hz, so you can't enable high frame rate support on a PS5 or Xbox Series X/S. But for a typical sale price of around $500-$550, there simply isn't another budget-friendly 65-inch TV that balances cost and performance like the U6K. 

    Hisense does have a 2024 version of this display, called the U6N, but it's more expensive without offering a major upgrade. For now, the U6K is still the best 65-inch TV you can get for such a low price.

    Read our Hisense U6K 4K TV review


    Best OLED for wall mounting

    Those who want a design-focused 65-inch TV that doesn't skimp on top-notch home theater performance should check out the LG G3. 

    Like Samsung's popular Frame TV, the G3 has a thin profile and a flush wall mount that lets you hang it on your wall with virtually no gap. But unlike the Frame, the G3 uses an OLED panel for superior picture quality with much better contrast, black levels, and viewing angles. You miss out on the Frame's matte screen, separate connection box, and interchangeable bezels, but the jump in image performance is substantial.

    An LG G3 OLED TV on an entertainment console displaying an image of a leopard.
    The G3 is designed for hanging on your wall and looks best when mounted that way, but you can buy a traditional stand separately.

    And despite not using quantum dots like high-end OLEDs from Sony and Samsung, the G3 is one of the brightest OLEDs on the market. This high brightness also distinguishes the G3 from its otherwise similar predecessor, the G2 OLED TV. During our tests, we measured a peak of around 1,470 nits on the G3, while the G2 topped out at around 1,000.

    But while the G3 looks gorgeous on a wall, it's not a top pick if you plan to put it on an entertainment console. It doesn't even come with a stand, so you'd have to buy one separately, which adds to the cost, and we don't like how the panel tilts back slightly when it's attached to its stand.

    That said, LG does sell a new 2024 edition of this display, called the G4, which now includes a stand if you buy the 65-inch size. And the new stand no longer tilts the panel. However, based on our hands-on testing with the G4, it only offers minor improvements in image quality, so we think the cheaper G3 is still the better buy for wall mounting.  


    Best for home theaters

    Sony's A95L OLED is built for home theater enthusiasts. It's expensive, but the display edges out the picture performance of every other 4K TV on the market.

    Compared to its already impressive predecessor, the A95K, the A95L offers a big upgrade in one key area: peak brightness. We measured a peak of around 1,500 nits with the TV set in its most accurate picture mode. That's a 50% increase over the previous model and one of the highest brightness levels we've ever seen on an OLED. This lets the TV display specular highlights with more realistic intensity when watching HDR content graded beyond 1,000 nits. 

    An angled view of a Sony A95L 4K OLED TV on a TV stand displaying the Google TV home page with an image from "The Marvels" on the screen.
    Sony's A95L has the best picture quality of any 65-inch TV on the market.

    But while the A95L was the OLED brightness champ last year, Samsung's brand-new S95D has now surpassed it with a peak of 1,700 nits. However, the A95L still distinguishes itself from competitors thanks to Sony's proprietary picture processing powered by its "Cognitive Processor XR." Though that sounds like marketing jargon, this tech makes a difference when optimizing the TV's images. Its HDR tone mapping is also more accurate than Samsung's, and it supports Dolby Vision, so you'll get slightly better high-dynamic-range performance when watching Dolby Vision content.  

    The display complements its high-end picture with a premium design and a unique stand that can be attached in a low- or high-profile configuration. Low allows the TV to sit flush with your entertainment console, while high gives you enough room to put a soundbar in front. 

    The A95L also boasts reliable Google TV streaming and comes with a webcam that can be used for video calls and gesture controls, which is a cool extra perk. From image quality to design, the A95L fully earns its premium status. We wish it had more HDMI 2.1 ports and a 144Hz mode for PC gaming, but those omissions are minor compared to everything the A95L does right. Though most people will be satisfied with a less expensive TV, the A95L is ideal for videophiles willing to pay a premium to get the best movie-watching experience.


    Best midrange model

    You can find plenty of 65-inch TVs in the $700 price range, but few deliver all the picture quality perks you get with Hisense's U7K. Like the cheaper U6K, the U7K uses quantum dots for wide color support and a Mini LED backlight, but this model steps things up with more dimming zones, a brighter picture, and a higher refresh rate. 

    With a peak brightness of around 1,000 nits, the U7K gets plenty bright for most use cases and delivers great HDR performance. It supports all major formats, including HDR10+ and Dolby Vision. Contrast is also great for a QLED thanks to the TV's Mini LEDs and local dimming, which enables it to adjust brightness across precise zones. 

    A Hisense U7K 4K TV displaying its Gaming Mode Pro menu on screen.
    The Hisense U7K delivers bright HDR performance and a high refresh rate for a great price.

    Black levels are excellent for a TV of this type, but while reviewing the set, we found local dimming fluctuations to be a bit more noticeable than on pricier QLEDs. The U7K's Google TV interface can lag a little, too, and the display has mediocre viewing angles. As a result, this isn't the best 65-inch TV for viewers who plan to sit off-center from their display. We recommend buying an OLED TV or one of Samsung's high-end QLEDs, like the QN90C, for better off-axis quality.  

    But considering its low price, it's hard to find much fault with the U7K's picture performance. It even packs in a 120Hz panel that can go up to 144Hz with a PC for high-frame-rate gaming. Buyers should note that there is a new version of this display, called the U7N, rolling out to stores. Its specs promise a brighter image, but we don't think it's worth the extra money right now. If you just want a great all-around 65-inch QLED for under $700, the U7K should be at the top of your list. 

    Read our Hisense U7K 4K TV review.


    Best for high brightness

    If you want a bright display, the TCL QM8 is easily one of the best 65-inch TVs you can buy. The QM8's QLED panel can deliver a peak of around 2,000 nits, which makes it one of the brightest TVs on the market. This impressive brightness makes HDR images pop while enabling better SDR performance in rooms with a lot of ambient light. 

    Of course, it's not enough for a TV to just get bright. A display must also have excellent control over its light output to maintain great image quality. And thankfully, the QM8 does just that. With its Mini LED backlight and local dimming capabilities, the TV can precisely adjust its contrast to produce deep black levels and vibrant specular highlights, and we didn't encounter any notable blooming around bright objects during our review. You also get extensive gaming features, with 144Hz support when paired with a PC.

    Waves crashing over rocks displayed on a TCL QM8 TV
    The TCL QM8 can reach a whopping 2,000 nits of peak brightness.

    On the downside, like most QLED TVs, the QM8's viewing angles are mediocre, which causes colors to fade and contrast to distort if you sit to the side of the display. And though the TV looks fantastic in bright rooms thanks to its high light output, we noticed that its anti-reflective coating can cause a rainbow-streak effect when it reflects certain overhead lights. If you want a similarly bright 65-inch QLED without these issues, we recommend the Samsung QN90C, but you'll have to pay at least $600 more. 

    The QM8 uses the Google TV operating system with access to all of the best streaming services, and it includes a Google Assistant voice remote. Navigation is snappy, and performance is a bit smoother than what we encountered on the Hisense U8K, which is the QM8's direct competitor. However, we did run into an odd WiFi issue with our internet setup that caused false "WiFi Not Connected" messages to pop up. This appears to be an isolated problem, though, and not one that other customers have experienced. 

    Despite minor quirks, the TCL QM8 is a true standout for the money, with a bright QLED panel that offers high-end image quality for a midrange price. A 2024 version of this display was announced at CES 2024, but it's not available yet. Early details from TCL promise up to 5,000 nits of brightness, a substantial upgrade, but few HDR videos require that luminance level. We also expect the new QM8 to cost much more than the 2023 model, so it's likely this set will remain the better value while supplies last.  

    Read our TCL QM8 4K TV review


    Best designer display

    The Samsung Frame TV is perfect for buyers who want a 65-inch display that can blend seamlessly into their living room decor. Built with an emphasis on design, the TV features interchangeable bezels and a matte screen that can make it look like a piece of art hanging on your wall.

    The bezels come in different styles that magnetically attach to the TV. The Frame also has a Slim-Fit Wall Mount that lets you hang it flush against your wall. And unlike most TVs, the Frame uses a separate One Connect Box to house all its ports, so you just need one cable running from the display. If you need to connect an AV receiver, streaming device, or gaming console, you simply hook those up to the TV's external box, which removes all those unsightly wires on your wall.  

    A Samsung Frame TV on an entertainment console in a living room with a bird displayed on its screen.
    The Frame TV's matte screen gives it a more canvas-like appearance than a typical glossy TV.

    The screen features a matte finish rather than the glossy look of most modern TVs. This helps reduce reflections and gives the Frame a canvas-like appearance. The Frame also has an "Art Mode," which lets it display paintings, photos, or other images when not used as a TV. Built-in motion sensors can be activated so the Art Mode turns on when the TV senses someone in the room. You can use your own images or have the Frame cycle through art from Samsung's Art Store (subscription required).

    But while the Frame has a high-end design, its picture quality is a mixed bag. The QLED panel offers wide color support, but brightness is limited compared to Samsung's top QLEDs. It also lacks local dimming, which results in the worst contrast and black-level performance of any 65-inch TV in this guide. 

    The Frame isn't geared toward wowing you with high dynamic range imagery. Instead, it's meant to appeal to buyers who want a 65-inch display that can serve as both a design piece for the living room and a capable smart TV for casual viewing. And in that sense, it excels.

    The new 2024 Frame TV offers some color improvements over the older model but otherwise delivers similar performance. However, the 2024 model often sells for the same price as its predecessor. Unless you find the older model on sale for less, you should snag the 2024 edition. 


    How we test 65-inch TVs

    Side view of an LG G2 OLED's webOS interface menu
    We evaluate key factors like smart TV navigation and picture quality on every 65-inch display we test.

    To pick the best 65-inch TVs for our guide, we used a combination of hands-on testing and research bolstered by more than a decade's worth of expertise covering the home entertainment product industry. When we test displays, we evaluate them for general picture clarity, contrast performance, HDR peak brightness, color, off-axis viewing, smart TV interface, and value for the money. 

    Brightness is measured using an X-Rite iDisplay Plus colorimeter. Other objective display capabilities are evaluated using test patterns found on the Spears & UHD HDR Benchmark 4K Blu-ray disc. 

    To get a sense of real-world performance, we also watch scenes from movies and TV shows with clips specifically selected to emphasize a display's black levels, highlights, color capabilities, and upscaling. Our demo material includes a mix of 4K, 1080p high definition (HD), and standard definition (SD) content from streaming devices, cable TV, and Blu-ray discs. We also watch content in different lighting conditions to evaluate bright-room and dark-room performance. 

    The best 65-inch TVs will also have excellent smart TV features, so we test overall navigation speed and app stability, voice search, digital assistant integration, and extra perks like game streaming support. 


    65-inch TV FAQs

    The screen of the Samsung S90C showing the Tizen interface.
    We think 65 inches is the ideal size for buyers who want a big-screen display that can still fit in most living rooms.

    Is it worth buying a 65-inch TV?

    If you have the space for it, we think 65 inches is the ideal size to consider when shopping for a new TV, especially a 4K model. Many brands use 65 inches as their flagship size to show off their best 4K TVs, and this size is great for delivering big-screen immersion without taking up too much room.

    However, you can still find excellent TV models in smaller sizes if you need something more compact. Likewise, top displays are available in larger sizes if you want an even more immersive screen.

    Check out our other size-specific guides for more display recommendations:

    How much should you spend on a 65-inch TV?

    Exactly how much you should spend on a 65-inch TV depends on your viewing needs. The best 65-inch TVs range in price from around $500 to over $3,000. You can also find cheaper entry-level 65-inch TVs for under $400, but we generally recommend paying more for one of our abovementioned picks.

    Buyers shopping for a midrange 65-inch TV should expect to spend $500-$1,000. You can find 65-inch QLED TVs in this price range that offer advanced picture quality features, like local dimming, and good brightness performance that can reach 600-1,000 nits.

    Buyers who want an upper-midrange or high-end 65-inch TV should be looking to spend $1,000-$3,000. You can find advanced 65-inch QLED TVs that deliver up to 2,000 nits of brightness in the $1,000-$2,000 range, while the best OLED TVs with infinite contrast ratios tend to sell for $1,600-$3,000.  

    How far should you sit from a 65-inch 4K TV?

    The benefits of a 4K screen become most noticeable when you sit at a distance of around one to 1.5 times the size of your TV. At that distance, you'll be able to see the extra detail that 4K resolution offers compared to a 1080p high-definition screen. The ideal viewing distance for a 65-inch 4K TV should be between 5.4 and 8.1 feet from your TV.    

    You can sit farther away and still enjoy a 65-inch 4K TV, but that range will yield the best visible detail. Otherwise, you'll want a bigger screen to get the full benefits of 4K.  

    Should you purchase a 65-inch 8K TV?

    Though some brands do sell 65-inch 8K TVs, we don't recommend buying one in this screen size. When viewing it at a reasonable distance, 65 inches just isn't big enough to show off the benefits of an 8K resolution screen. 

    A 75-inch or larger 8K TV is better suited for highlighting the additional detail you get with 8K resolution, but even then, the benefits are subtle. We recommend saving money and going with a 4K model if you want a 65-inch TV.

    Do 65-inch TVs have good sound quality?

    Though some 65-inch TV models have better built-in speaker systems than smaller displays, performance is still limited compared to a separate soundbar or surround sound setup. Speakers integrated into most TVs use small audio drivers that can lead to weak bass and muddy dialogue. 

    To get better audio performance, we recommend buying a soundbar. For the most immersive experience, you should look for models that support Dolby Atmos, a spatial audio format that can spread sound effects around your room.

    Check out our guides to the best soundbars, best budget soundbars, and the best Dolby Atmos soundbars for our top picks.  

    Do TVs include free access to local networks?

    The best 65-inch TVs all feature integrated digital tuners that allow you to hook up an antenna (sold separately) to receive free over-the-air (OTA) broadcasts. So long as you have good reception in your area, you can watch local channels like ABC, NBC, CBS, and Fox without a cable subscription. 

    Check out our guide to the best indoor TV antennas to see our top recommendations. 

    Best overall: Samsung S90C
    The Samsung S90C television with an undersea shot on the screen, captured from the side.
    The Samsung S90C has better color performance than other 65-inch OLEDs in its price range.

    When it comes to balancing performance and price, Samsung's S90C is the best 65-inch TV — and our pick for the best TV period — that you can buy. For the money, there simply isn't a better display out there.

    Unlike OLED TVs from LG, the S90C uses quantum dots to enable brighter colors. Coupled with the TV's infinite contrast ratio, the S90C's quantum dot filter leads to gorgeous high dynamic range (HDR) images. We measured an impressive peak brightness of around 1,000 nits during our testing. You'd have to pay $700 more to get a 65-inch OLED that delivers better picture performance than this.

    And though it's disappointing that Samsung doesn't support Dolby Vision, which can provide a more finely-tuned HDR image, the S90C's HDR10 and HDR10+ capabilities are so strong that we don't think most people will notice a difference. The TV also upscales lower-resolution content well, though it can't quite match the picture processing you'd get on a high-end Sony display. 

    Whether you're watching 4K movies in a dark room or just flipping through cable channels in a bright living room, the S90C looks fantastic. The smart TV interface is solid as well, though we still prefer other platforms like Roku OS. On the plus side, Samsung's operating system is the only smart TV platform supporting Xbox Game Pass so that you can stream high-end games without a console. The TV can even support a high 144Hz refresh rate when paired with a gaming PC.

    Read our Samsung S90C OLED 4K TV review.

    Best on a budget: Hisense U6K
    A screenshot from The Mandalorian on the Hisense U6K.
    Hisense's U6K is the most affordable 65-inch Mini LED TV you can buy.

    Hisense's U6K is proof that you can still snag a great 65-inch TV on a budget. Though there are some performance tradeoffs compared to our more expensive picks, the U6K delivers incredible value at this size.

    This budget-friendly TV uses a QLED display with local dimming and quantum dots. And while you might find some similarly priced options from competitors with those features, the U6K is the only TV in its price range that also uses Mini LED technology. Mini LEDs can enable more precise control of a TV's dimming zones to produce better contrast and less blooming. 

    The U6K's dimming performance is great for its class, but its black levels aren't as deep as you'd see on more expensive sets. The U6K also has limited brightness compared to high-end QLEDs, so it's not as good for rooms that let in a lot of light. 

    But at a peak of around 600 nits, we found that the TV can still deliver highlights with just enough pop to show off the benefits of high dynamic range content. And thanks to its quantum dot filter, it delivers an expanded range of colors when watching HDR programs. You'll just want to be watching those programs from a centered view since colors and contrast faded when we sat off to the side in our testing. However, this level of off-axis performance is the norm for TVs in this price range.

    For a common sale price of around $500-$550, there simply isn't another 65-inch TV that balances price and performance quite like the U6K. 

    Read our Hisense U6K 4K TV review

    Best midrange model: Hisense U7K
    A Hisense U7K 4K TV displaying its Gaming Mode Pro menu on screen.
    The Hisense U7K delivers bright HDR performance and a high refresh rate for a great price.

    You can find plenty of 65-inch TVs in the $800 price range, but few deliver all the picture quality perks that you get with Hisense's U7K. Like the U6K, the U7K uses quantum dots for wide color support and a Mini LED backlight, but this model steps things up with more dimming zones and a brighter picture. 

    With a peak brightness of around 1,000 nits, the U7K gets plenty bright and delivers great HDR performance. It supports all major formats, including HDR10+ and Dolby Vision. Contrast is also great for a QLED thanks to the TV's Mini LEDs and local dimming, which enables it to adjust brightness across precise zones. 

    Black levels are also excellent for a TV of this type, but while reviewing the set, we found local dimming fluctuations to be a bit more noticeable than on pricier QLEDs. The U7K's Google TV interface can lag a little, too, and the display has mediocre viewing angles, so this isn't the best 65-inch TV for viewers who plan to sit off-center from their display. We recommend going with an OLED TV or one of Samsung's high-end QLEDs, like the QN90C, to get better off-axis quality.  

    But considering its low price, it's hard to find much fault with the U7K's picture performance. It even manages to pack in a 120Hz panel that can go up to 144Hz with a PC for high-frame-rate gaming. If you just want a great all-around 65-inch QLED for under $1,000, the U7K should be at the top of your list. 

    Read our Hisense U7K 4K TV review.

    Best for home theaters: Sony A95L
    An angled view of a Sony A95L 4K OLED TV on a TV stand displaying the Google TV home page with an image from "The Marvels" on the screen.
    Sony's A95L has the best picture quality of any 65-inch TV on the market.

    Sony's A95L OLED is built for home theater enthusiasts. It's expensive, but the TV beats the Samsung S90C's picture performance in every way. In fact, it edges out the picture performance of every other 4K TV on the market.

    Compared to its already impressive predecessor, the A95K, the A95L offers a big upgrade in one key area: peak brightness. We measured a peak of around 1,500 nits with the TV set in its most accurate picture mode. That's a 50% increase over the previous model and the highest brightness performance we've ever seen on an OLED. This lets the TV display specular highlights with more realistic intensity when watching HDR content that's graded beyond 1,000 nits. 

    The A95L also sets itself apart from competitors thanks to Sony's proprietary picture processing powered by the company's "Cognitive Processor XR." Though that sounds like marketing jargon, this tech does actually make a difference when it comes to optimizing the TV's images. Its HDR tone mapping is also more accurate than Samsung's, and it supports Dolby Vision, so you'll get superior high dynamic range performance.  

    The display complements its high-end picture with a premium design with a unique stand that can be attached in a low- or high-profile configuration. Low allows the TV to sit flush with your entertainment console, while high gives you enough room to put a soundbar in front. 

    The A95L also boasts reliable Google TV streaming and comes with a webcam that can be used for video calls and gesture controls, which is a cool extra perk. From image quality to design, the A95L fully earns its premium status. We do wish it had more HDMI 2.1 ports and a 144Hz mode for PC gaming, but those omissions are minor compared to everything the A95L does right. Though most people will be satisfied with a less expensive TV, the A95L is ideal for shoppers willing to pay a premium to get the best movie-watching experience.

    Best for high brightness: TCL QM8
    Waves crashing over rocks displayed on a TCL QM8 TV
    The TCL QM8 can reach a whopping 2,000 nits of peak brightness.

    If you want a bright display, the TCL QM8 is easily one of the best 65-inch TVs you can buy. The QM8's QLED panel can deliver a peak of around 2,000 nits, which makes it among the brightest TVs on the market. This impressive brightness makes HDR images pop while enabling better SDR performance in rooms that let in a lot of ambient light. 

    Of course, it's not enough for a TV to just get really bright. A display must also have excellent control over its light output to maintain great image quality. And thankfully, the QM8 does just that. With its Mini LED backlight and local dimming capabilities, the TV is able to precisely adjust its contrast to produce deep black levels and vibrant specular highlights, and we didn't encounter any notable blooming around bright objects during our review. You also get extensive gaming features, with 144Hz support when paired with a PC.

    On the downside, like most QLED TVs, the QM8's viewing angles are mediocre, which causes colors to fade and contrast to distort if you sit to the side of the display. And though the TV looks fantastic in bright rooms thanks to its high light output, we noticed that its anti-reflective coating can cause a rainbow-streak effect when it reflects certain overhead lights. If you want a similarly bright 65-inch QLED without these issues, we recommend the Samsung QN90C, but you'll have to pay at least $500 more. 

    The QM8 uses the Google TV operating system with access to popular streaming apps, and it includes a Google Assistant voice remote. Navigation is snappy, and performance is a bit smoother than what we encountered on the Hisense U8K, which is the QM8's direct competitor. However, we did run into an odd WiFi issue with our internet setup that caused false "WiFi Not Connected" messages to pop up. This appears to be an isolated problem, though, and not one that other customers have experienced. 

    Despite minor quirks, the TCL QM8 is a true standout for the money, with a bright QLED panel that offers high-end image quality for a midrange price. 

    Read our TCL QM8 4K TV review

    Best designer display: Samsung Frame TV
    A Samsung Frame TV displaying a painting of water lilies while hanging on a wall.
    Samsung's Frame TV looks like a piece of art on your wall.

    The Samsung Frame TV is perfect for buyers who want a 65-inch display that can blend seamlessly into their living room decor. Built with an emphasis on design, the TV features interchangeable bezels and a matte screen that can make it look like a piece of art hanging on your wall.

    The bezels come in different styles that magnetically attach to the display. The Frame also comes with a Slim-Fit Wall Mount that lets you hang it flush against your wall. And unlike most TVs, the Frame uses a separate One Connect Box to house all of its ports, so you just need one cable running from the display. If you need to connect a cable receiver, streaming device, or gaming console, you simply hook those up to the TV's external box, which gets rid of all those unsightly wires on your wall.  

    The screen features a matte finish rather than the glossy look of most modern TVs. This helps reduce reflections and gives the Frame a canvas-like appearance. The Frame also has an "Art Mode," which lets it display paintings, photos, or other images when not in use as a TV. Built-in motion sensors can be activated so the Art Mode turns on when the TV senses someone in the room. You can use your own images or have the Frame cycle through art from Samsung's Art Store (subscription required).

    But while the Frame's design is high-end, its picture quality is a mixed bag. The QLED panel offers wide color support, but brightness is limited compared to Samsung's top QLEDs. It also lacks local dimming, which results in the worst contrast and black-level performance of any 65-inch TV in this guide. 

    The Frame isn't geared toward wowing you with high dynamic range imagery. Instead, it's meant to appeal to buyers who want a 65-inch display that can serve as both a design piece for their living room and a capable smart TV for casual viewing. And in that sense, it excels.

    Best OLED for wall mounting: LG G3
    An LG G3 4K OLED TV hanging on a wall above a soundbar and TV stand across a green couch in a living room during the day.
    The G3 OLED can be wall mounted with virtually no gap.

    Those who want a design-focused 65-inch TV that also manages to deliver top-notch home theater performance should check out the LG G3. 

    Like the Samsung Frame, it has a thin profile and a flush wall mount so that you can hang it on your wall with virtually no gap. But unlike the Frame, the G3 uses an OLED panel for superior picture quality with much better contrast, black levels, and viewing angles. You do miss out on the Frame's matte screen, separate connection box, and interchangeable bezels, but the jump in image performance is substantial.

    And despite not using quantum dots like high-end OLEDs from Sony and Samsung, the G3 is one of the brightest OLEDs on the market, coming second only to Sony's more expensive A95L. This high brightness is also what sets it apart from its fantastic predecessor, the G2 OLED TV. During our tests, we measured a peak of around 1,470 nits on the G3, while the G2 topped out at around 1,000.

    But while the G3 looks gorgeous on a wall, it's not a top pick if you plan to put it on an entertainment console. It doesn't even come with a stand, so you'd have to buy one separately, which adds to the cost, and we don't like how the panel tilts back slightly when it's attached to its stand. The G3 is still a great value for its performance, but you're better off sacrificing brightness and going with the less expensive S90C if you want a 65-inch OLED that comes with a stand. 

    How we test 65-inch TVs
    Side view of an LG G2 OLED's webOS interface menu
    We evaluate key factors like smart TV navigation and picture quality on every 65-inch display we test.

    To pick the best 65-inch TVs for our guide, we used a combination of hands-on testing and research bolstered by more than a decade's worth of expertise covering the home entertainment product industry. When we test displays, we evaluate them for general picture clarity, contrast performance, HDR peak brightness, color, off-axis viewing, smart TV interface, and value for the money. 

    Brightness is measured using an X-Rite iDisplay Plus colorimeter. Other objective display capabilities are evaluated using test patterns found on the Spears & UHD HDR Benchmark 4K Blu-ray disc. 

    To get a sense of real-world performance, we also watch scenes from movies and TV shows with clips specifically selected to emphasize a display's black levels, highlights, color capabilities, and upscaling. Our demo material includes a mix of 4K, 1080p high definition (HD), and standard definition (SD) content from streaming devices, cable TV, and Blu-ray discs. 

    The best 65-inch TVs will also have excellent smart TV features, so we test overall navigation speed and app stability, as well as voice search, digital assistant integration, and extra perks like game streaming support. 

    65-inch TV FAQs
    The screen of the Samsung S90C showing the Tizen interface.
    We think 65 inches is the ideal size for buyers who want a big-screen display that can still fit in most living rooms.

    Is it worth buying a 65-inch TV?

    If you have the space for it, we think 65 inches is the ideal size to consider when shopping for a new TV, especially a 4K model. Many brands use 65 inches as their flagship size to show off their best 4K TVs, and this size is great for delivering big-screen immersion without taking up too much room.

    However, you can still find excellent TV models in smaller sizes if you need something more compact. Check out our guide to the best 55-inch TVs for our top picks at that size.  

    How much should you spend on a 65-inch TV?

    Exactly how much you should spend on a 65-inch TV depends on your viewing needs. The best 65-inch TVs range in price from around $500 to more than $3,000. You can also find cheaper entry-level 65-inch TVs for under $400, but we generally recommend paying a bit more to get one of the options we highlight above.

    Buyers shopping for a midrange 65-inch TV should expect to spend $500-$1,000. You can find 65-inch QLED TVs in this price range that offer advanced picture quality features, like local dimming, and good brightness performance that can reach 600-1,000 nits.

    Buyers who want an upper-midrange or high-end 65-inch TV should be looking to spend $1,000-$3,000. You can find advanced 65-inch QLED TVs that deliver up to 2,000 nits of brightness in the $1,000-$2,000 range, while the best OLED TVs with infinite contrast ratios tend to sell for $1,600-$3,000.  

    How far should you sit from a 65-inch 4K TV?

    The benefits of a 4K screen become most noticeable when you sit at a distance of around one to 1.5 times the size of your TV. At that distance, you'll be able to see the extra detail that 4K resolution offers compared to a 1080p high-definition screen. The ideal viewing distance for a 65-inch 4K TV should be between 5.4 and 8.1 feet from your TV.    

    You can sit further away and still enjoy a 65-inch 4K TV, but that range will yield the best level of visible detail. Otherwise, you'll want a bigger screen to get the full benefits of 4K.  

    Should you purchase a 65-inch 8K TV?

    Though some brands do sell 65-inch 8K TVs, we don't recommend buying one in this screen size. 65 inches just isn't big enough to really show off the benefits of an 8K resolution screen when viewing it at a reasonable distance. 

    A 75-inch or larger 8K TV is much better suited for highlighting the additional detail you get with 8K resolution, but even then, the benefits are subtle. We recommend saving money and going with a 4K model if you want a 65-inch TV.

    Read the original article on Business Insider
  • Where I’d invest $7,000 in ASX dividend stocks right now

    A young smiling couple out hiking enjoy a view from the top of the mountains.

    Looking for some welcome extra passive income from ASX dividend stocks?

    Well then, you really are living in the lucky country.

    The ASX offers a range of high-quality dividend stocks you may wish to add to your portfolio.

    And unlike many international exchanges, like stock markets in the United States, many ASX-listed companies pay franked dividends. That can come in quite handy when it comes time to pay the ATO its pound of flesh each year.

    If I had a spare $7,000 to invest right now, I’d lean towards buying larger companies listed on the S&P/ASX 200 Index (ASX: XJO). ASX 200 dividend stocks tend to have less volatile share price moves than their smaller peers. And many have lengthy track records of delivering reliable passive income to their shareholders.

    I’d also prefer companies that pay franking credits. And I’d aim to invest in ASX dividend stocks that I believe will grow their payouts over the time they’re in my portfolio without sacrificing share price growth.

    With $7,000 to invest, I’d likely only buy two stocks right now to get a decent exposure without burning too much on brokerage fees.

    You’ll notice both these companies operate in distinctly different sectors. Over time, I’d look to build up my income portfolio to 10 or so stocks for some proper diversification.

    With that said…

    Two ASX dividend stocks I’d buy now for passive income

    The first ASX dividend stock I’d buy for passive income now is ASX 200 bank stock Australia and New Zealand Banking Group Ltd (ASX: ANZ).

    ANZ reported its half-year results on Tuesday.

    The big four bank’s cash profit was down 1.0% year on year to $3.55 billion. However, management pleased shareholders by raising the interim dividend by 2.5%. That came in at 83 cents per share, franked at 65%.

    The good news is there’s still time to grab that payout. Though not much!

    ANZ shares will trade ex-dividend on Monday. Meaning if I want to bank that passive income, I’d need to own shares at market close today. I can then expect to be paid on 1 July.

    Atop the interim dividend, ANZ paid a partly franked final dividend of 94 cents per share on 22 December.

    This equates to a full-year payout of $1.77 per share.

    At yesterday’s closing price of $28.79, that works out to a yield (partly trailing, partly pending) of 6.15%.

    Which brings us to the second ASX dividend stock I’d buy now with my spare $7,000, ASX 200 oil and gas stock Woodside Energy Group Ltd (ASX: WDS).

    Woodside’s dividends have come down over the past 12 months amid lower energy prices. The company was also struggling with regulatory approvals for its massive offshore Scarborough Energy Project.

    But Scarborough is now proceeding to plan again, and the oil price is firming up.

    The outlook for share price and income growth from this ASX dividend stock also improved yesterday. That followed Federal Resources Minister Madeleine King’s strong support for the long-term role of Australian gas in providing jobs and energy and helping the nation and its trading partners through the global energy transition.

    As for the past 12 months, Woodside paid an interim dividend of $1.243 per share on 28 September and a final dividend of 91.7 cents per share on 4 April, both fully franked.

    At yesterday’s closing price of $28.10, this ASX dividend stock trades on a fully franked trailing yield of 7.69%.

    The post Where I’d invest $7,000 in ASX dividend stocks right now appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 5 May 2024

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    Motley Fool contributor Bernd Struben 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.

  • 41 essential items an Army artillery soldier brings to battle

    We got an inside look at how new United States Army field artillery soldiers are trained at the Field Artillery School in Fort Sill, Oklahoma. 

    Staff Sgt. Jeremiah Driscoll, a cannon crew member instructor, walked us through 41 essential items an artillery soldier would bring on a mission.

    While some of Driscoll's gear is used by other units in the US Army, he showcased artillery-specific items like the M2 collimator and the fire-control computer.

    Read the original article on Business Insider