The Kogan.com Ltd (ASX: KGN) share price has dropped to a new multi-year low on Friday following the release of a disappointing trading update.

In early trade, the struggling ecommerce company’s shares are down 12% to $3.98.

Kogan share price sinks after disappointing third quarter

• Kogan gross sales down 3.8% to $262.1 million
• Gross profit down 11.2% to $41 million
• Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) down 110.5% to a loss of $0.8 million
• Active customers up a modest 28,000 over the three months to 4,099,000
• Inventory levels broadly flat quarter on quarter at $193.9 million

What happened during the quarter?

For the three months ended 31 March, Kogan’s performance continued to weaken with the company reporting a 3.8% decline in gross sales to $262.1 million.

This was driven by weakness across its core Kogan Exclusive Brands and Third-Party Brands categories. They reported sales declines of 18.8% and 21.8%, respectively.

This offset a positive performance from the Kogan Marketplace business, which reported a 19.8% increase in gross sales for the quarter. Though, it is unclear if the growth of this side of the business is due to it cannibalising sales from other categories.

Once again, management failed to predict this softening of sales and positioned its inventory for elevated growth in gross sales. However, it concedes that consumer demand did not meet these expectations. This left it with inventories of $193.9 million at the end of the period.

Outlook

No guidance has been provided by the company for the remainder of the year.

However, it has advised that over the coming year the company will be recalibrating its operating costs in line with current growth levels to support a return to the historical operating margins previously generated.

Founder and CEO, Ruslan Kogan, commented: “While market conditions are challenging at present, the foundations laid over the last 16 years are holding us in good stead. Our current focus on recalibrating inventory levels and core operational costs is aimed at returning the Company to its historical margins and also to position the business for its next phase of growth.”

The post Kogan share price crashes 12% to multi-year low amid Q3 sales decline appeared first on The Motley Fool Australia.

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• Why is the Kogan share price slipping to a 4-week low on Tuesday?

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 Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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There are some ASX e-commerce shares that saw booming sales during the COVID years of 2020 and 2021, and they’re still growing in 2022. However, the share prices have fallen significantly.

Expectations of rising interest rates because of high inflation are at the front of many investors minds.

Are the below two businesses opportunities after their heavy declines?

Cettire Ltd (ASX: CTT)

Cettire is a fast-growing ASX e-commerce share that sells luxury personal goods. It has expanded into other areas such as products for children.

Since the start of 2022, the Cettire share price has fallen by around 80%.

However, the company continues to deliver triple-digit growth. Earlier this week, it delivered its update for the third quarter of FY22. It said that sales revenue, which is gross revenue net of allowances and returns from customers, rose by 163% to $48.7 million. The number of active customers increased by 185% to 246,880.

But, while the number of unique website visits increased 269% to 13.3 million, the conversion rate decreased by 26% to 0.75% from 1.01%.

Cettire said that repeat purchasers were responsible for more than 50% of its gross revenue in the quarter. The ASX e-commerce share has now launched mobile apps to grow market penetration, improve the customer experience, and support retention and conversion. Even before the mobile apps, around 80% of website traffic came from mobile devices.

The company said that it is experiencing higher conversion rates and higher average order values for on-app purchases compared to other channels.

Cettire also has plans to grow in China with a partnership with JD.com.

Adore Beauty Group Ltd (ASX:ABY)

The Adore Beauty share price has fallen by almost 60% since the start of 2022.

However, the business keeps growing its revenue and active customer numbers.

In the third quarter of FY22, the company’s revenue rose 9% year on year to $42.7 million and active customers increased 7% to 880,000. That was despite cycling new customer growth of 89% in the prior period.

The number of returning customers rose 47% year on year, driven by “strategic initiatives to improve retention.”

Adore Beauty said that its mobile app accounted for over 10% of revenue. The company said that the loyalty program is scaling strongly with loyalty members contributing over 60% of revenue. It’s still on track to launch a private label in the fourth quarter of FY22.

The ASX e-commerce share said that it operates in a large and growing $11 billion market.

To stay at the front of consumers’ minds, Adore Beauty has launched its fourth podcast called ‘Makeup School’ and it’s continuing to see high levels of engagement across its other three podcasts. The company sees this method of marketing as a cheaper, more efficient way to reach customers.

Adore Beauty’s Beauty IQ podcast has reached 3.6 million downloads, while the YouTube channel has reached 2 million views.

It has also been increasing its brand awareness with Temple & Webster Group Ltd (ASX: TPW) and 7-Eleven.

The post Are these 2 growing ASX e-commerce shares buys? appeared first on The Motley Fool Australia.

More reading

• Why Cettire, Newcrest, Silver Lake, and Whispir shares are tumbling lower
• Adore Beauty share price glows following ‘strong quarterly performance’
• Cettire share price surges higher as revenue rockets 178%
• 2 great ASX growth shares to buy in May 2022: experts
• Analysts name 3 small cap ASX shares to buy

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 positions in and has recommended Cettire Limited and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited, Cettire Limited, and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Even though experts are predicting Bitcoin (CRYPTO: BTC) will hit $590,000 by the end of this decade, they’re also forecasting that it’ll be usurped as the flagship cryptocurrency.

That’s the majority opinion from 35 industry gurus surveyed in Finder’s latest quarterly Bitcoin Price Predictions Report.

It seems Bitcoin’s lack of purpose, other than store of value, is worrying the experts about its long-term viability.

As a contrast, Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are both blockchain systems that facilitate smart contracts. 

Half the panel, therefore, thought that Bitcoin would eventually be overtaken as the most popular crypto.

‘One-trick pony’

Thomson Reuters technologist and futurist Joseph Raczynski called Bitcoin a “one-trick pony”.

“For now it really only serves as another currency, akin to a dollar, euro, or pound,” he said.

“Other blockchains that serve a multitude of purposes will likely have a chance to take the throne.”

Nottingham Trent University associate professor Jeremy Cheah agrees.

“Despite Bitcoin being the most widely known and somewhat understood, it consumes too much energy and suffers from interoperability and scalability problems.”

Both Ethereum and Solana, with their real-world applications, have a chance to take the throne, according to Tykhe Block Ventures co-founder Ganesh Kompella.

“Bitcoin is not a blockchain at all enabling advancements in technology. It’s just a cryptocurrency, if you look at it,” he said.

“Ethereum might flip BTC in terms of market cap. Solana becomes a primary hub for on-chain perps and options.”

Ethereum marches ahead while Bitcoin shrinks to US$100?

Raczynski reckons Ethereum is the most likely successor.

“It can serve as money, but has created a platform to tokenize all assets and create a massive platform of the internet of value,” he said. 

“This is far grander than Bitcoin potentially.”

One expert that’s an absolute Bitcoin bear is University of Canberra senior lecturer John Hawkins.

He forecasts the leading crypto would shrink to US$5,000 by 2025 and just US$100 by 2030, to be completely crushed by Ethereum.

That would upset a lot of people, but is a risk.

“As well as private crypto being replaced by central bank digital currencies, and a general collapse of the speculative bubble, I think Bitcoin will lose out to Ethereum which has a stronger use case,” he said.

“Especially if Ethereum ever converts to proof-of-stake and so becomes more environmentally responsible.”

The post Crypto king Bitcoin to be dethroned by this hot rival: experts appeared first on The Motley Fool Australia.

More reading

• Bitcoin will be worth $590,000 by 2030: experts
• Bitcoin, Ethereum, and Cardano are turning it around today. Here’s why
• Bitcoin price leaps 4% but is the leading crypto due for a big retrace?
• Why Bitcoin, Ethereum, and XRP are struggling today
• Australia’s first Bitcoin ETF is listing next week. Here’s what you need to know

Motley Fool contributor Tony Yoo has positions in Bitcoin, Ethereum, and Solana. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool Australia owns and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 

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A panel of experts has collectively predicted that Bitcoin (CRYPTO: BTC) will be worth US$420,240 ($590,000) by the end of this decade.

The bullish forecast was found in comparison site Finder’s quarterly Bitcoin Price Predictions Report, which surveyed 35 industry gurus.

By 2025, the panel predicted Bitcoin would reach US$179,280 ($252,560).

Long term bulls, but short term confusion

Perhaps justifying a long-term horizon for crypto investing, the experts were more polarised in their opinions about Bitcoin’s immediate fortunes.

Some thought it could hold its current level of around $55,000 till the end of the year, while others thought it may be significantly higher or lower.

CoinJar chief Asher Tan thinks Bitcoin will peak at $84,000 before dropping slightly to $79,000 by the end of the year.

“There’s still plenty of uncertainty about the short-term Bitcoin outlook,” he said.

“Given the macroeconomic headwinds, it would not surprise me to see Bitcoin spend the whole year bouncing around between $42,000 and $84,000 – the sort of conditions that are terrible for traders, but rewarding for accumulators with a multi-year timeframe.”

Collectively the experts expected the flagship crypto to peak at $81,680 this year before settling at $91,000 when 2023 rolls in.

Will Bitcoin reduce its energy consumption?

Galia Digital blockchain specialist Kate Baucherel predicted Bitcoin would only remain at the same level as now when the New Year’s fireworks go off, because of its reliance on fossil fuels.

Digging up gold costs 3.5 times less energy than mining the same value of Bitcoin, according to the Bankless Times.

Swinburne University of Technology fintech lecturer Dimitrios Salampasis agreed that this would remain a cloud over Bitcoin’s head.

But perversely it could work to its advantage.

“The conversations around the environmental impact of mining may lead to blanket bans of crypto mining activities, which could additionally contribute to Bitcoin scarcity and the increased prices as a store of value.”

Digital Capital Management managing director Ben Ritchie was one of the more bullish on the panel, predicting Bitcoin would end 2022 at $140,000.

He attributed this to the economic and geopolitical uncertainties this year.

“Can we trust the economic system and the power brokers driving it? Trust has been lost and, with the economy in uncharted territory, Bitcoin is forming a viable alternative solution,” he said.

“Placing ‘trust’ in code and mathematics, with no intervention, has significant global appeal.”

The post Bitcoin will be worth $590,000 by 2030: experts appeared first on The Motley Fool Australia.

More reading

• Bitcoin, Ethereum, and Cardano are turning it around today. Here’s why
• Bitcoin price leaps 4% but is the leading crypto due for a big retrace?
• Why Bitcoin, Ethereum, and XRP are struggling today
• Australia’s first Bitcoin ETF is listing next week. Here’s what you need to know
• Missed out on Shiba Inu? This crypto could hit $1 million by 2030

Motley Fool contributor Tony Yoo has positions in Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. 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 Bruce Jackson.

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The Pilbara Minerals Ltd (ASX: PLS) share price has been at the forefront of investor attention this month.

Despite travelling 3.46% higher to $2.69 yesterday, the company’s shares have plummeted in recent times. In fact, for the month of April, its shares are down 17%.

Below, we take a look at what Michelle Lopez, head of Australian equities at Aberdeen Standard Investments had to say.

Are Pilbara Minerals shares too expensive?

When the Pilbara Minerals share price continued to power ahead in early 2022, there was a consensus among investors that it could be overvalued.

As Ms Lopez explains, a few weeks ago she would have agreed with the above notion. However, after taking a step back while the company’s shares cooled off this month, her view has changed.

Ms Lopez noted that the market is “constructive on lithium on a medium-longer term view because of the structural demand drivers”.

With less than 10% of electric vehicle penetration, the current battery production run rate to meet production could be insufficient. This is because “inventory remains tight across the supply chain”, Ms Lopez said.

Nonetheless, lithium is available almost anywhere in the world and there are a number of companies developing their lithium projects.

Although it is worth remembering it is a slow process to build a lithium and bring it up to production. On average it takes around 4 to 7 years from concept to production. This includes engineering and regulatory approvals, project evaluation and feasibility studies, as well as construction of new production plant.

Given that it isn’t easy, Ms Lopez believes that lithium demand will outstrip supply over the investment period.

Therefore, she rates Pilbara Minerals shares as not overvalued.

In particular, Ms Lopez stated she was attracted to the company’s asset position being low on the cost curve.

In addition, Pilbara Minerals can grow production organically with its wholly-owned Pilgangoora Lithium-Tantalum Project in Western Australia.

Furthermore, Ms Lopez commented that in light of the recent volatility, she has been topping up when valuations are attractive.

About the Pilbara Minerals share price

Regardless of its recent declines, the Pilbara Minerals share price has accelerated by 130% in the past 12 months.

The company’s shares reached an all-time high of $3.89 in mid-January before sharply pulling back to December 2021 levels.

On valuation grounds, Pilbara Minerals presides a market capitalisation of roughly $8.01 billion.

The post Despite dropping 17% in April, is the Pilbara Minerals share price still overvalued? appeared first on The Motley Fool Australia.

More reading

• Why Cettire, Newcrest, Silver Lake, and Whispir shares are tumbling lower
• Why AMP, Fortescue, Pilbara Minerals, and Sandfire shares are racing higher
• ASX 200 midday update: Coles, Fortescue, and Pilbara Minerals release quarterly updates
• Pilbara Minerals share price climbs as lithium prices surge
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) mining sector completed Thursday’s session with its biggest, single-day gain in five weeks.

Australian miners were benefitting as commodity prices rebounded. According to NABTrade, “Chinese iron ore and steel futures rose on Wednesday after falling for two consecutive days, as concerns stoked by the COVID-19 outbreak eased.”

As such, it was a day well in the green for the sector.

Gains for the ASX 200 mining sector

The BHP Group Ltd (ASX: BHP) share price finished the day up by a substantial 4.37%. It regained some of the ground lost after the company last week reported its quarterly update for the three months to 31 March 2022.

In the update, BHP said its iron ore production was down 10% quarter on quarter. The company also reduced its FY22 production guidance for both nickel and copper.

The Fortescue Metals Group Limited (ASX: FMG) share price also soared higher on Thursday, up by 8.11%. This came after Fortescue reported its quarterly update for the three months to 31 March 2022.

Fortescue said that the amount of ore shipped was 46.5mt, which was a 10% increase compared to the third quarter of FY21. The miner said it achieved record shipments for the nine months to 31 March 2022 of 139.5mt.

Its average revenue was US$100 per dry metric tonne (dmt), representing revenue realisation of 70% of the Platts CFR Index for the quarter. This was a slight increase from 68% in the second quarter of FY22.

However, Fortescue did increase the capital estimate for the project to US$3.6 billion – US$3.8 billion, up from the previous guidance of between US$3.3 billion and US$3.5 billion.

The Rio Tinto Limited (ASX: RIO) share price also climbed yesterday, up by 3.52%.

The big three iron ore miners weren’t the only ones that saw gains on Thursday.

Following the release of a quarterly report, the Sandfire Resources Ltd (ASX: SFR) share price gained almost 12%. The company generated $343 million of sales revenue and $186.9 million of earnings before interest, tax, depreciation and amortisation (EBITDA).

Sandfire said it’s delivering growth in high-margin production. The ASX 200 miner also advised that production guidance was strengthened, though operating cost guidance also increased.

Other mining gains

Some other notable gains on the ASX 200 also came from mining shares on Thursday:

The OZ Minerals Ltd (ASX: OZL) share price leapt 6.92%.

The Whitehaven Coal Ltd (ASX: WHC) share price climbed 6.9%.

The Iluka Resources Ltd (ASX: ILU) share price gained 6.15%.

Nickel Mines Ltd (ASX: NIC) shares jumped 6.06%.

Mineral Resources Ltd (ASX: MIN) shares gained 4.79%.

The New Hope Corporation Ltd (ASX: NHC) share price increased by 4.55%.

Yancoal Australia Ltd (ASX: YAL) shares climbed 3.96%.

What’s next?

ASX shares look set to end the week with another positive day on Friday after a stellar session on Wall Street overnight. Over in the US, the Dow rose 1.85% and the S&P 500 jumped 2.5%. Meanwhile, the tech-heavy Nasdaq leapt by just over 3%.

So, whilst it’s shaping up to be a good day for investors, ASX 200 mining shares could be forced to take a back seat to the tech sector on Friday.

The post ASX 200 mining shares just had their best trading day in 5 weeks. What’s next? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why AMP, Fortescue, Pilbara Minerals, and Sandfire shares are racing higher
• Why is the Rio Tinto share price rebounding strongly on Thursday?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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 Bruce Jackson.

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If you’re looking for dividends shares with great yields, then you may want to look at the ones listed below.

Here’s why analysts rate these dividend shares as buys:

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share that could be a buy is the Charter Hall Long Wale REIT.

It manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors. This includes 78 hotel properties across the five mainland states leased to ALH Group that were acquired from ALE Property with Hostplus for ~$1.7 billion recently.

The team at Citi is very positive on the Charter Hall Long Wale REIT. Its analysts currently have a buy rating and $5.71 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $5.34, this will mean yields of ~5.8%.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share that could be in the buy zone is telco giant Telstra.

It returned to underlying earnings growth for the first time in years during the first half of FY 2022 thanks to the success of its T22 strategy.

But Telstra isn’t settling for this. It will shortly commence its T25 strategy, which has been designed to deliver solid and sustainable earnings growth over the coming years.

This has gone down well with the team at Morgans, which has put an add rating and $4.56 price target on the company’s shares.

In addition, the broker continues to forecast fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Which, based on the current Telstra share price of $3.97, will mean attractive yields of 4% for investors.

The post Analysts name 2 ASX dividend shares with great yields to buy now appeared first on The Motley Fool Australia.

More reading

• What’s dragging the Telstra share price lower today?
• Down 5% in 2022, is the Telstra share price a buy today?
• Own the Vanguard Australian Shares High Yield ETF? Here’s what you’re invested in
• Can Telstra shares deliver an attractive dividend yield AND 13% upside in 2022?
• Analysts name 2 top ASX 200 dividend shares to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The ResMed Inc (ASX: RMD) share price will be one to watch on Friday.

This follows the release of the sleep treatment focused medical device company’s third quarter update.

ResMed share price on watch after earnings miss

• Revenue up 12% (14% in constant currency) to US$864.5 million
• Gross margin down 150 basis points to 58.1%
• Operating income up 5% to US$234.3 million
• Earnings per share up 2% to US$1.32

What happened during the quarter?

For the three months ended 31 March, ResMed reported a 12% increase in revenue to US$864.5 million and a 2% lift in earnings per share to US$1.32. This fell short of consensus estimates by US$35.5 million and 12 US cents, respectively.

According to the release, ResMed’s top line growth was driven by increased demand for its sleep and respiratory care devices and increased demand in response to a recent product recall by one of its competitors.

Revenue in the U.S., Canada, and Latin America, excluding software-as-a-service, grew by 18% during the quarter. It was a similar story overseas, with the company reporting an 11% increase in revenue in Europe, Asia, and other markets.

ResMed’s software-as-a-service revenue increased by 8% during the three months. This was due to continued growth in its Durable Medical Equipment category and stabilising patient flow in out-of-hospital care settings.

However, offsetting much of this top line growth was a 150 basis point contraction in ResMed’s gross margin. This was mainly due to higher freight and manufacturing costs, which were partially offset by favourable product mix changes and increase in average selling prices.

In addition, the company’s operating expenses grew quicker than revenue during the period. This was mainly due to higher employee-related expenses. This ultimately led to operating income rising just 5% and earnings per share increasing a modest 2% for the period.

Management commentary

ResMed’s CEO, Mick Farrell, commented:

“Our third-quarter results reflect strong performance across our business, resulting in double-digit top-line revenue growth including extraordinary demand in our sleep and respiratory care business segment as well as solid high-single-digit growth in our software-as-a-service segment.

“I am proud of our global team’s ability to pivot and drive continued growth while ongoing supply chain disruptions and a competitor’s recall continue to limit our ability to meet the incredible demand for our products. We remain focused on delivering products, software, and services for patients, working closely with our supply chain partners as well as physicians, providers, and beyond, to prioritize care for patients who most need it.

“While the current industry and macroeconomic environment remain uncertain, our long-term strategy allows us to keep our focus on helping 250 million lives in 2025. Our end-market demand from patients and providers remains strong, and our digital health technologies continue to deliver value. We are supporting patients with the world-leading portfolio of sleep apnea therapy, respiratory care therapy, and digital health solutions they need, as we deliver value for all of our customers.”

The post ResMed share price on watch after Q3 revenue and earnings miss appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Analysts name 2 ASX 200 healthcare shares to buy
• 3 fantastic ASX growth shares with major upside potential
• Top brokers name 3 ASX shares to buy next week
• 2 blue chip ASX 200 shares analysts rate as buys this month

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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Thursday, the S&P/ASX 200 Index (ASX: XJO) returned to form and raced higher. The benchmark index rose 1.3% to 7,356.9 points.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to end the week on a positive note following a very strong night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 45 points or 0.6% higher this morning. In the US, the Dow Jones rose 1.85%, the S&P 500 climbed 2.5%, and the Nasdaq stormed 3.1% higher.

Oil prices race higher

Energy producers including Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a great finish to the week after oil prices raced higher. According to Bloomberg, the WTI crude oil price is up 3.2% to US$105.32 a barrel and the Brent crude oil price is up 2.1% to US$107.56 a barrel.

ResMed quarterly update

The ResMed Inc (ASX: RMD) share price will be one to watch on Friday following the release of the sleep treatment company’s quarterly update. ResMed reported a 12% increase in revenue to US$864.5 million and a 5% lift in operating income to US$234.3 million. The latter was impacted by a 150 basis point contraction in its gross margin due to higher freight and manufacturing costs.

Gold price rises

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a decent finish to the week after the gold price pushed higher. According to CNBC, the spot gold price is up 0.4% to US$1,896.4 an ounce. The precious metal bounced back after hitting a two month low yesterday.

Fortescue rated as a sell

The Fortescue Metals Group Limited (ASX: FMG) share price could be heading lower according to analysts at Goldman Sachs. This morning the broker responded to the mining giant’s quarterly update by retaining its sell rating and cutting its price target to $14.90. Goldman continues to believe that its shares are overvalued compared to peers and sees major risks from the Fortescue Future Industries business.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

More reading

• Analysts name 2 ASX 200 healthcare shares to buy
• Here are the top 10 ASX shares today
• Here’s why the St Barbara share price is trailing the ASX 200 today
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why is the Woodside share price in the spotlight on Thursday?

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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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There are a lot of exchange traded funds (ETFs) funds out there for investors to choose from.

If you’re looking at long term options, then you may want to look deeper into the three listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

Although Chinese technology shares have had a very tough year, which has weighed heavily on the BetaShares Asia Technology Tigers ETF, this could prove to be a very attractive buying opportunity for long term investors. Especially given the high quality companies included in this ETF. These include the likes of Alibaba, Baidu, JD.com, and Tencent, which are all exposed to Asia’s growing middle class.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another exciting ETF that could be a top long term option for investors is the BetaShares Crypto Innovators ETF. Whether you like cryptocurrencies or not, it is a trillion dollar industry and is unlikely to be going away in the future. This means that the companies supporting the industry, such as miners, mining equipment firms, and trading platforms, could be well-placed for growth over the long term. This ETF gives investors exposure to these companies (Coinbase, Silvergate, and Riot Blockchain etc) through a single investment. And while investing in these companies collectively may be lower risk than buying coins, it is still a high risk investment option.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A final exciting ETF for investors to consider as a long term option is the BetaShares Global Cybersecurity ETF. BetaShares notes that worldwide spending on cybersecurity is predicted to increase to almost US$250 billion by 2023. This leaves the companies included in this fund, which are working to reduce the impact of cybercrime globally, well-positioned for growth in the future. These companies include leaders such as Accenture, Cisco, and Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

The post 3 top ETFs for ASX investors to buy and hold for 10 years appeared first on The Motley Fool Australia.

More reading

• The Betashares Crypto Innovators ETF has dumped 23% in a month. Is it now a bargain?
• Are these 2 ASX tech shares top ideas for May 2022?
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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 BETA CYBER ETF UNITS and Betashares Crypto Innovators ETF. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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