• Here’s how much Singapore Airlines could be on the hook for after turbulence left one dead and dozens in the hospital

    Singapore Airlines
    The Singapore Airlines Boeing 777-300ER airplane, which was headed to Singapore from London before making an emergency landing in Bangkok due to severe turbulence.

    • One man died and more than 100 passengers were injured after a disastrous Singapore Airlines flight.
    • The injuries could lead to an an expensive lawsuit against the airline.
    • The injured passengers could be entitled to $170,000 or more thanks to a 1999 treaty, SCMP reported.

    Passengers who were severely injured during extreme turbulence on board a Singapore Airlines flight earlier this week could reap six-figure payouts or more, South China Morning Post reported.

    A 73-year-old British man died during the Tuesday flight from London to Singapore after the Boeing 777 aircraft dropped hundreds of feet before stabilizing mid-flight. More than 100 other passengers were also treated for various injuries, making it one of the worst turbulence incidents in recent history. 

    Several passengers suffered traumatic injuries, including paralysis, skull and back trauma, and brain injuries, The Associated Press reported.

    Damages won't be awarded until an investigation is completed, an aviation lawyer told South China Morning Post — a process that could take years. But the injured passengers on board have a means to seek payouts through a more than two-decade-old treaty.

    The Montreal Convention, or MC99, is an international agreement that governs global airline liability in passenger death and injury cases. The treaty was created in 1999 to establish a more unified set of airline policies that can protect passengers and hold airlines accountable, according to the International Civil Aviation Organization (IATA). Part of the agreement stipulates that passengers who suffer injuries caused by an airline can recover up to $170,000, the IATA wrote in a report.

    "MC99 is designed to be a single, universal treaty to govern airline liability around the world," the IATA wrote.

    One unnamed woman who flew with Ryanair in 2020 was paid $33,000 by the Irish budget airline after she broke her leg when exiting the aircraft. The woman cited the Montreal Convention in her claim.

    Another airline passenger, citing the treaty, sued Delta earlier in May, claiming he broke a rib after the armrest collapsed when he leaned on it. The passenger is asking for $1 million since he also accused Delta of negligence.

    A Delta spokesperson did not immediately return a request for comment sent outside working hours.

    Despite the 1999 treaty's $170,000 limit, Peter Neenan, an aviation lawyer, told the South China Morning Post that victims who experienced similar injuries as the Singapore Airlines passengers reached "easily into seven and sometimes eight-figure claims."

    The compensation amount, however, could only be determined after the investigation into the flight is done, he told the publication.

    One passenger on the relief flight from Bangkok to Singapore told The Straits Times that an airline staff member offered passengers monetary compensation. He told the outlet that a staff member gave him an envelope with 1,000 Singapore dollars, or about $740.

    "(The staff member) said that the money was like … an apology," he told the Straits Times.

    After the deadly flight, Singapore Airlines announced that it would no longer serve meals when the seatbelt light is on.

    A spokesperson for Singapore Airlines did not respond to a request for comment.

    Read the original article on Business Insider
  • 2 no-brainer ASX 200 shares to buy next week

    A man is shocked about the explosion happening out of his brain.

    There are a lot of quality companies for investors to choose from on the Australian share market.

    But two excellent ASX 200 shares that stand out as no-brainers for me are listed below. Here’s why analysts think they could be top buys:

    ResMed Inc. (ASX: RMD)

    ResMed could be a no-brainer ASX 200 share to buy now. It is one of the world’s leading sleep disorder treatment companies.

    This certainly is a great market to lead. For example, analysts estimate that obstructive sleep apnoea (OSA) could afflict over a billion people globally. And with the vast majority of these sufferers undiagnosed, there’s a huge growth runway ahead for ResMed, its technology, and software solutions.

    Bell Potter rates the company highly and has it on its favoured list with a buy rating and $36.00 price target. It commented:

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

    Xero Ltd (ASX: XRO)

    Another no-brainer ASX 200 share for investors to consider buying is cloud accounting platform provider Xero.

    It has been growing at a rapid rate in recent years thanks to the shift online and the quality and popularity of its platform. At the last count, the company had 4.16 million subscribers globally.

    The good news is that Goldman Sachs believes its growth still has a very long way to go and estimates its market opportunity to be 100 million+ small businesses. In response to its full year results last week, the broker has reiterated its conviction buy rating with an improved price target of $164.00. The broker commented:

    We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM. Given the company’s pivot to profitable growth and corresponding faster earnings ramp, we see an attractive entry point into a global growth story with Xero our preferred large-cap technology name in ANZ – the stock is Buy rated.

    The post 2 no-brainer ASX 200 shares to buy next week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Resmed Inc. right now?

    Before you buy Resmed Inc. shares, consider this:

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

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

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

  • Here’s how the ASX 200 market sectors stacked up last week

    A graphic image of the world globe surrounded by tech images is superimposed on the setting of an office where three businesspeople are speaking together while standing.

    Tech shares led the ASX 200 market sectors last week with a 2.8% gain over the five trading days.

    Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 1.69% to finish the week at 7,727.6 points.

    Only four of the 11 market sectors finished the week in the green.

    Let’s review.

    Technology shares led the ASX sectors last week

    The big news among ASX 200 tech stocks last week was the full-year FY24 results of Xero Limited (ASX: XRO).

    The company reported a 22% year-over-year increase in operating revenue to NZ$1.71 billion and 419,000 new subscribers, which gives it a total subscriber base of 4.16 million.

    Xero’s gross margin moved up from 87.3% to 88.2%, and the company reported a net profit after tax (NPAT) of NZ$174.6 million, up from a loss of NZ$113.5 million in FY23.

    Xero shares lifted 7.83% over the week to finish on Friday at $131.19 per share.

    TechnologyOne Ltd (ASX: TNE) shares also had a great week, rising 12.11% to finish at $17.78 apiece on Friday.

    TechnologyOne released its half-year results, revealing a 16% rise in profit after tax to $48 million. Investors will share in its success via a record interim dividend of 5.08 cents per share franked at 65%.

    The biggest ASX tech stock Wisetech Global Ltd (ASX: WTC) moved 1.22% higher last week to close at $98.67 on Friday. Nextdc Ltd (ASX: NXT) shares lifted 0.69% to $17.59 apiece.

    In global tech news, Nividia Corp revealed yet another jaw-dropping set of financial results last week, sending the share price above US$1,000 for the first time.

    The artificial intelligence (AI) hardware manufacturer’s 1Q FY25 earnings report revealed a 262% revenue increase to US$26 billion year over year, with expectations of US$28 billion next quarter. On an adjusted basis, earnings per share (EPS) went from $1.09 to $6.12, beating consensus analyst estimates of $5.59.

    Nvidia also announced a 10-for-1 forward stock split. Shareholders on the record on 6 June will receive nine extra Nvidia shares for each one they already own after the market close on Friday, 7 June.

    Nvidia’s amazing results helped the NASDAQ reach a new all-time high of 16,996.39 points last week. The popular Betashares Nasdaq 100 ETF (ASX: NDQ) rode the momentum to reach a record $43.23 per share.

    ASX 200 market sector snapshot

    Here’s how the 11 market sectors stacked up last week, according to CommSec data.

    Over the five trading days:

    S&P/ASX 200 market sector Change last week
    Information Technology (ASX: XIJ) 2.8%
    Utilities (ASX: XUJ) 2.34%
    Energy (ASX: XEJ) 1.23%
    Industrials (ASX: XNJ) 0.91%
    Financials (ASX: XFJ) (0.85%)
    Healthcare (ASX: XHJ) (0.89%)
    Consumer Staples (ASX: XSJ) (1.27%)
    Materials (ASX: XMJ) (1.49%)
    A-REIT (ASX: XPJ) (2.47%)
    Communication (ASX: XTJ) (3.71%)
    Consumer Discretionary (ASX: XDJ) (4.34%)

    The post Here’s how the ASX 200 market sectors stacked up last week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Nasdaq 100 Etf right now?

    Before you buy Betashares Nasdaq 100 Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Nasdaq 100 Etf wasn’t one of them.

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF, Nvidia, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF, WiseTech Global, and Xero. The Motley Fool Australia has recommended Nvidia and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Are AMP shares a significantly underrated buy right now?

    a man with a moustache sits at his computer with his hands over his eyes making a gap between his fingers so he can peek through to his computer screen.

    The AMP Ltd (ASX: AMP) share price has had its fair share of challenges in recent years. It’s trading 3% higher than it was 12 months ago but is down a hefty 50% in the last five years.

    The ASX financial share has suffered, as we can see in the graph below, but the company may be showing signs of a possible turnaround.

    Of course, an occasional positive update doesn’t mean AMP is on track for sustained recovery, but the last quarterly numbers are the latest evidence investors can analyse.

    Let’s recap how the ASX financial share performed in the first three months of 2024.

    Quarterly update

    AMP reported that its total deposits at AMP Bank grew to $21.4 billion at 31 March 2024, up from $21.3 billion at 31 December 2024. However, the bank’s total loan book fell to $23.5 billion, down from $24.4 billion at the end of the 2023 final quarter.

    AMP’s platforms’ net cash flows were $201 million, up 32% year over year from $152 million in the first quarter of 2023. North inflows from independent financial advisers (IFAs) increased 22%, compared to the first quarter of 2023, to $544 million.

    This led to platforms’ assets under management (AUM) increasing to $74.3 billion at 31 March 2024, up from $71.1 billion at 31 December 2023. Superannuation and investments’ AUM increased to $54.1 billion at 31 March 2024, up from $51.9 billion in the previous quarter.

    AMP CEO Alexis Goerge said:

    We are navigating the headwinds faced by AMP Bank by carefully managing our loan and deposit books, to help address margin pressures.

    We are making good progress on the development of our digital small business and consumer bank offer, launching in Q1 25, to lessen funding risks over the medium term by broadening the customer base and introducing a compelling transaction account offer that will help diversify and build deposits.

    Is the AMP share price a buy?

    One of the most important share price drivers is whether company earnings are growing or predicted to grow.

    If AMP’s AUM and/or loan book grows, this would be a tailwind for profit.

    The broker UBS has forecast the company’s net profit after tax (NPAT) could rise to $220 million in FY24, up 12% from FY23. NPAT is then forecast to grow to $253 million in FY25, $255 million in FY26, $259 million in FY27 and $263 million in FY28.

    If those predictions prove accurate, profit is expected to grow by around 20% between FY24 and FY28. However, a significant majority of the improvement of profit over that period is forecast to happen in FY25.

    The broker UBS rates AMP as a sell, with a price target of 98 cents. That implies a possible fall of more than 10% from its current level.

    UBS believes AMP has a “weak earnings outlook” following the reduction in banking lending as it sought to defend its lending margins. AMP’s wealth and bank flows were below UBS’ forecasts for the first quarter of 2024.

    Based on the UBS forecast, the AMP share price is valued at 14x FY24’s estimated earnings.

    The post Are AMP shares a significantly underrated buy right now? appeared first on The Motley Fool Australia.

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

    Before you buy Amp Limited shares, consider this:

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

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Tristan Harrison 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.

  • Analysts say these small cap ASX shares can deliver big returns

    A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

    If you have a high risk tolerance, then it could be worth adding some small cap ASX shares to your portfolio.

    But which small caps could offer a compelling risk/reward?

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

    AVITA Medical Inc (ASX: AVH)

    The first small cap ASX share that could be a buy according to analysts is AVITA Medical.

    It is a regenerative medicine company with a focus on wound care management and skin restoration with its RECELL technology.

    Morgans is positive on the company and sees significant value in its shares at current levels. It commented:

    AVH is a regenerative medicine company focusing on the acute wound care market. It has recently expanded its indication into full thickness skin defects and Vitiligo (US$5bn TAM). The expanded indication in full thickness skin defects has the required reimbursement in place and sales have started. AVH has provided revenue guidance for FY24 of growth of ~64% and importantly has guided to achieving profitability by 3QCY25. At the same time, the company is seeking approval by the FDA for its automated device RECELL Go, which if successful will launch 1 June 2024, and will be a meaningful driver of rapid adoption by clinicians.

    The broker has an add rating and $6.40 price target on its shares. Based on the current AVITA Healthcare share price of $2.50, this suggests that the company’s shares could more than double in value over the next 12 months.

    Universal Store Holdings Ltd (ASX: UNI)

    Another small cap ASX share that could be a buy is Universal Store. It is the youth fashion retailer behind the eponymous Universal Store brand, as well as the Perfect Stranger and Thrills brands.

    Bell Potter sees the company as a small cap to buy right now thanks to its store rollout and margin expansion opportunities. It said:

    Management execution remains a key strength for UNI and we see good growth trajectory for the name given the building of core brands while growing its store rollout. In our view, the higher margin sales from the majority private label sales should become a major driver of margin improvement and earnings growth, in an expanded store footprint. While we remain cautious on the overall consumer sentiment, given the return to positive comps while cycling elevated pcp through Jan-Feb, we think UNI is well placed as comps become supportive through the 2H.

    The broker currently has a buy rating and $6.15 price target on its shares. This implies potential upside of approximately 28% for investors over the next 12 months. The broker also expects 5%+ dividend yields from its shares this year and next.

    The post Analysts say these small cap ASX shares can deliver big returns appeared first on The Motley Fool Australia.

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

    Before you buy Avita Medical shares, consider this:

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

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

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

  • Top brokers name 3 ASX shares to buy next week

    A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy

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

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

    James Hardie Industries plc (ASX: JHX)

    According to a note out of the Macquarie equities desk, its analysts have upgraded this building materials company’s shares to an outperform rating with a trimmed price target of $55.00. Although Macquarie concedes that James Hardie’s fourth quarter update and FY 2025 guidance was softer than expected, it believes the selloff of its shares was overdone. Particularly given the broker’s belief that the company’s competitive position is not weakening. In light of this, Macquarie believes that investors should be taking advantage of the weakness by snapping up its shares while they are out of favour. The James Hardie share price was trading at $47.26 on Friday.

    Telstra Group Ltd (ASX: TLS)

    A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this telco giant’s shares with a lowered price target of $4.25. According to the note, the broker was a disappointed with Telstra’s guidance for FY 2025. Its analysts note that the mid point of Telstra’s underlying EBITDA guidance of $8.4 billion to $8.7 billion was below its expectations. Goldman was also not a fan of management’s decision to scrap its inflation-linked price increases. In response, it has trimmed its earnings and dividend estimates accordingly. However, despite this, the broker sees plenty of value in the company’s shares at current levels and has reaffirmed its buy rating. The Telstra share price was fetching $3.45 at Friday’s close.

    Xero Ltd (ASX: XRO)

    Another note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating on this cloud accounting platform provider’s shares with an improved price target of $164.00. This follows the release of Xero’s full year results for FY 2024. Goldman notes that Xero achieved sales marginally ahead of expectations and earnings comfortably ahead of them. The broker was also pleased to see Xero exceed its Rule of 40 (41%) and record EBIT margins. This is being underpinned by its strong revenue growth, cost controls, and much lower than expected capex. In response to the result, Goldman has upgraded its earnings estimates through to FY 2026 and lifted its valuation. The Xero share price ended the week at $131.19.

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

    Should you invest $1,000 in James Hardie Industries Plc right now?

    Before you buy James Hardie Industries Plc shares, consider this:

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

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

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

  • Hoping to retire? I’d buy these ASX 200 dividend shares for passive income

    Woman in a hammock relaxing, symbolising passive income.

    If you’re hoping to retire with the support of some handy extra passive income, you may want to consider the benefits of owning S&P/ASX 200 Index (ASX: XJO) dividend shares.

    Particularly those companies that pay fully franked dividends. This can make a sizeable difference to the amount of passive income you get to hold onto at tax time. Especially once you’ve retired.

    We’ll look at four top ASX 200 dividend shares below that I’d buy for passive income heading into retirement.

    Do note, however, that a properly diversified income portfolio should contain a larger number of stocks to reduce the overall investment risk. While there’s no magic number, 10 is a decent yardstick, ideally operating in various sectors and locations.

    Also, remember that the yields you generally see quoted are trailing yields. Future yields may be higher or lower, depending on a range of company-specific and macroeconomic factors.

    With that said…

    Four ASX 200 dividend stocks for passive income in retirement

    The first company I’d buy for passive income if I were hoping to retire is ASX 200 bank stock Bendigo and Adelaide Bank Ltd (ASX: BEN).

    Over the past 12 months, Bendigo Bank paid a fully franked final dividend of 32 cents per share on 29 September and an interim dividend of 30 cents per share on 26 March. This equates to a full year’s payout of 62 cents per share.

    At Friday’s closing price of $10.89 a share, this ASX dividend stock trades on a fully franked trailing yield of 5.69%. The Bendigo share price is up 24.74% over 12 months.

    The second ASX 200 dividend stock I’d buy for passive income to boost my retirement is mining giant BHP Group Ltd (ASX: BHP).

    BHP’s dividends have come down from the all-time highs we saw in 2021 and 2022 amid a retrace in iron ore prices. But I think the future income potential from the miner looks strong, regardless of what happens with its ongoing takeover efforts of Anglo American (LSE: AAL).

    BHP paid a final fully franked dividend of $1.251 a share on 28 September and an interim dividend of $1.096 on 28 March. That works out to $2.347 per share for the full year.

    At Friday’s closing price of $44.64, BHP shares trade on a fully franked trailing yield of 5.26%. The BHP share price is up 4.25% over 12 months.

    Which brings us to the third ASX 200 dividend share I’d buy for passive income to boost my retirement, bank stock Commonwealth Bank of Australia (ASX: CBA).

    Australia’s biggest bank paid a final fully franked dividend of $2.40 per share on 28 September. That was up 14% from the prior final dividend. CBA increased its interim dividend by 2.4% to $2.15 per share. Eligible investors will have seen that hit their bank account on 28 March.

    All told then, CBA paid a total of $4.55 in dividends over the full year. At Friday’s closing price of $118.87, CBA shares trade on a fully franked trailing yield of 3.83%. The CBA share price is up 18.95% over 12 months.

    Which brings us to the fourth ASX 200 dividend share I’d buy for passive income now in preparation for retirement, coal stock New Hope Corp Ltd (ASX: NHC).

    Although coal prices have come off the boil from their own record highs, I believe strong global demand should support prices at current levels and potentially see them tick higher approaching northern winter this year.

    As for the past 12 months, New Hope paid a final fully franked dividend of 30 cents per share on 7 November and an interim dividend of 17 cents per share on 1 May for a full-year passive income payout of 47 cents per share.

    At Friday’s closing price of $4.98 a share, New Hope shares trade on a fully franked trailing yield of 7.63%. The New Hope share price is down 5.14% over 12 months.

    The post Hoping to retire? I’d buy these ASX 200 dividend shares for passive income appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bendigo And Adelaide Bank Limited right now?

    Before you buy Bendigo And Adelaide Bank Limited shares, consider this:

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

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

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

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor 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 positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • American Airlines fires attorneys who said 9-year-old girl ‘should have known’ she was being recorded in the bathroom

    An American Airlines Airbus A319 .
    An American Airlines Airbus A319.

    • American Airlines replaced its lawyers after backlash over a bathroom recording case.
    • The airline is facing lawsuits tied to a former flight attendant accused of filming underage girls.
    • Previous lawyers argued a 9-year-old "should have known" she was being filmed.

    American Airlines has new attorneys after previous lawyers said a 9-year-old should have realized she was being recorded in the bathroom by a flight attendant.

    The airline is facing several lawsuits stemming from criminal charges against Estes Carter Thompson, a former flight attendant accused of filming underage girls by taping his phone to the bathroom toilet seat.

    Police arrested Thompson after a 14-year-old girl noticed a phone with its camera flashlight turned on in the bathroom on a flight from North Carolina to New York in September 2023, police say. He is facing federal charges of attempted sexual exploitation of children and possession of images of child sexual abuse.

    The girl's mother previously told Business Insider that Thompson used "psychological tricks" to make her think the interaction wasn't strange.

    Paul Llewellyn, an attorney representing the 14-year-old girl's family in a civil suit, is also representing the family of a 9-year-old who says Thompson also filmed her on a flight in January 2023.

    Attorneys representing American Airlines in that lawsuit claimed in court records this week that the 9-year-old "knew or should have known" that the bathroom "contained a visible and illuminated recording device," absolving the airline of negligence.

    Llewellyn called the claims "not credible" and said the airline should have never "taken this position in the first place."

    The airlines later walked back the claims in court, amended the complaint, and issued a statement to Business Insider that said the defense was "not representative of our airline."

    Now, American Airlines confirmed to Business Insider that the airline is no longer retaining the attorneys who wrote the complaint, offering no further comment on the change.

    Llewellyn told BI in a statement that American Airlines switched attorneys "as a result of the intense media and public backlash surrounding the outrageous allegation."

    "With the benefit of this new legal representation, we hope that American Airlines will now take a fresh look at the case and finally take some measure of responsibility for what happened to our client," Llewellyn said. "Otherwise, we are very confident that a Texas jury will do the right thing and hold American Airlines responsible."

    Read the original article on Business Insider
  • Analysts say these 4 ASX dividend shares are buys

    Australian dollar notes rolled into bundles.

    Income investors have a lot of options on the Australian share market.

    This can make it hard to decide which ASX dividend shares to buy above others.

    But never fear, listed below are four options that are highly rated by brokers. They are as follows:

    Coles Group Ltd (ASX: COL)

    The first ASX dividend share that could be a buy is supermarket giant Coles.

    That’s the view of analysts at Morgans, which have an add rating and $18.70 price target on its shares.

    As for dividends, the broker is forecasting fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $16.11, this implies dividend yields of approximately 4.1% and 4.3%, respectively.

    Dexus Convenience Retail REIT (ASX: DXC)

    Another ASX dividend share that analysts are positive on is Dexus Convenience Retail REIT. It owns a portfolio of service station and convenience retail assets across Australia.

    Morgans is also feeling positive about this company. It has an add rating and $3.23 price target on its shares.

    As for income, the broker is expecting its shares to provide income investors with some very big yields in the coming years. It has pencilled in dividends per share of 21 cents in both FY 2024 and FY 2025. Based on its current share price of $2.67, this implies yields of 7.9%.

    Rural Funds Group (ASX: RFF)

    Another ASX dividend share that has been given the thumbs up by analysts is Rural Funds. It is an agricultural property company that owns a portfolio of assets across several categories. This includes orchards, vineyards, cattle, and poultry.

    The team at Bell Potter thinks income investors should be buying its shares. The broker has a buy rating and $2.40 price target on them.

    In respect to income, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.02, this will mean yields of 5.8% for income investors across both financial years.

    Super Retail Group Ltd (ASX: SUL)

    A fourth and final ASX dividend share that could be a buy according to analysts is Super Retail. It is the owner of retail brands BCF, Macpac, Rebel, and Super Cheap Auto.

    Goldman Sachs rates the company as a buy and has a $17.80 price target on its shares.

    As well as plenty of upside, Goldman is expecting the retailer to offer attractive dividend yields. It is forecasting fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $12.74, this will mean good yields of 5.25% and 5.7%, respectively.

    The post Analysts say these 4 ASX dividend shares are buys appeared first on The Motley Fool Australia.

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

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

  • NYC hotel rooms are averaging over $300 a night as many hotels exclusively house migrants, reducing supply during a tourism boom

    Midtown Manhattan
    Midtown Manhattan.

    • In 2023, hotel rooms in NYC averaged $301 a night — a record — according to The New York Times.
    • Airbnb and inflation were culprits. But the migrant crisis also played a big role.
    • Dozens of hotels have been converted into migrant shelters, reducing the supply of available rooms.

    For travelers planning trips to New York City, be prepared to shell out more money than ever for a hotel.

    In 2023, the average daily cost of a New York hotel room was $301 a night, a jump from about $278 a night in 2022, according to the commercial and residential real estate provider CoStar. And from January to March 2024, the average nightly hotel rate in the city was roughly $231, up from a $216 nightly rate during the same period last year.

    But it's not just an uptick in travel to New York City that is driving up prices. There's the upending of the Airbnb rental market, inflation, and the slowdown in new hotel construction.

    And, as The New York Times recently reported, the migrant crisis has also caused a jump in hotel rates. Many hotels began taking in migrants during the pandemic, some of them exclusively.

    This has reduced the supply of available rooms and helped drive up prices for guests looking for accommodations across the city. According to the Times, about 135 of the nearly 700 hotels in New York City are now sheltering asylum seekers. Those hotels earn up to $185 nightly a room, according to the city.

    No hotel that switched to housing migrants has yet to revert to a conventional hotel, the Times reported.

    According to CoStar data, the hotels now sheltering migrants have cordoned off roughly 16,500 rooms from the available hotel supply, resulting in nearly 122,000 available rooms for travelers. There are now about 2,800 fewer rooms available for travelers in the city compared to right before the coronavirus pandemic.

    "During peak periods, try getting a hotel on a Tuesday, Wednesday or Thursday night in midtown Manhattan, and, if you can, you could end up paying dearly," LW Hospitality Advisors president and chief executive Daniel H. Lesser told the Times. "It's all supply-and-demand related, and the migrant rooms have reduced the amount of supply."

    Immigration has emerged as a defining issue of the 2024 presidential campaign. Voters largely disapprove of President Joe Biden's handling of the issue. Former President Donald Trump, meanwhile, is looking to use immigration to rally Republicans and Independents around his campaign.

    Since 2022, more than 180,000 migrants have arrived in New York City — with tens of thousands sent by Texas Gov. Greg Abbott in protest of Biden's immigration policies. Mayor Eric Adams has faced enormous financial and logistical challenges to house the migrants.

    The New York City hotel market was hit hard in 2020 as business travel plummeted and the city — once the epicenter of the COVID-19 pandemic — struggled to recover due to the resulting economic fallout.

    But the city's hotel market picked up in a major way last year, and the city could see a $380 million bump in hotel revenue this year, according to The Wall Street Journal. If the projections prove to be accurate, it would be a stunning turnaround given the challenges faced by the travel industry throughout the pandemic.

    Read the original article on Business Insider