Qantas Airways Ltd (ASX: QAN) shares have had a tough run on the market recently.

The shares are trading around $9.01 today, well below their 52-week high of $11.39.

I think that weakness has made the valuation more interesting, particularly for investors prepared to look beyond the next few months.

Here’s why I would invest $10,000 in Qantas shares today.

The underlying business still looks strong

Qantas remains in a powerful position in Australian aviation.

Its domestic network gives the group strong exposure to business and leisure travel, while Jetstar provides a lower-cost option for customers who are more sensitive to price.

I also like the contribution from Qantas Loyalty. Its Frequent Flyer program gives the company another way to earn from its customer base outside the airline itself, while also encouraging passengers to remain within the wider Qantas ecosystem.

Then there is the fleet renewal program and Project Sunrise, which should gradually modernise the airline and expand what Qantas can offer on long-haul routes.

None of those opportunities depends on the share price recovering quickly. They are reasons I think the business itself can keep improving over the coming years.

Near-term pressure would not put me off

One issue I would watch closely is the oil price. Fuel is a major expense for airlines, so a sustained rise in oil prices could put pressure on Qantas’ margins in the near term.

That could make earnings more volatile than investors would like and is one risk I would keep in mind at the current price.

I would not ignore that risk. At the same time, I still think Qantas is well placed to deliver solid earnings over the next few years. The company has significant scale, a strong domestic position, multiple brands, and several sources of revenue beyond simply selling airline seats.

For me, that gives the business more resilience than the share price currently seems to imply.

The valuation looks attractive

I think Qantas shares are looking attractive at current prices.

According to CommSec, consensus forecasts point to earnings per share of $1.04 in FY27, rising to $1.30 in FY28 and $1.50 in FY29.

At $9.01, Qantas is trading on a PE ratio of roughly 8.7 times forecast FY27 earnings.

If the FY29 estimate is achieved, that multiple falls to around six times earnings.

I think that looks cheap enough to compensate for some of the risks that come with owning an airline.

Investors may also receive a growing stream of dividends while waiting.

Consensus forecasts suggest dividends per share of 39.6 cents in FY27, 43.1 cents in FY28, and 49.6 cents in FY29.

At today’s share price, those estimates represent forward dividend yields of roughly 4.4%, 4.8%, and 5.5%, respectively.

Foolish takeaway

I would be comfortable investing $10,000 into Qantas shares at current levels.

The airline industry will always bring volatility, but Qantas has several strong businesses underneath the headline brand and a clear path to higher earnings if current expectations are met.

At around $9.01, I think the shares offer enough value to make that risk worthwhile.

The post Why I’d invest $10,000 into Qantas shares today appeared first on The Motley Fool Australia.

More reading

• Looking to bank the final Qantas dividend? You’d better hurry!
• How many Qantas shares do I need to buy for $5,000 of passive income in FY27?
• 33 ASX shares going ex-dividend next week
• Top 3 ASX 200 shares now below their 200-day moving average
• 3 ASX 200 shares tipped to return 27% to 87%

Motley Fool contributor Grace Alvino 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.

Shares in Telix Pharmaceuticals Ltd (ASX: TLX) were trading more than 5% higher on Monday after the company secured a key approval from the US Food and Drug Administration.

New drug gets the regulator’s tick

The company said in a statement to the ASX that the FDA had approved its new drug application for Pixclara, an amino acid positron emission tomography (PET) drug for imaging gliomas (brain cancer).

Telix shares traded as high as $17.65 before settling back to be 5.4% higher at $16.52.

RBC Capital Markets said it was positive for the company. The broker has a $19 price target on Telix shares.

The broker said:

Telix has announced the FDA has approved Pixclara, the company’s imaging agent for use in characterising recurrent or progressive brain cancer (glioma). Pixclara is the first FDA-approved targeted amino acid PET imaging agent for glioma in the United States. Importantly, this demonstrates the company’s ability to overcome the initial setback from the Complete Response Letter and sets the foundation for the company’s complementary prospective therapeutic asset, TLX-101-Tx, as well as further indication expansion within brain metastases.

RBC estimated the total addressable market for Pixclara’s current use to be US$140 to US$160 million per year.

The broker added:

Assuming a penetration rate of ~60% in FY35, we estimate Pixclara’s first indication would be valued at $0.56/share with further upside potential of $0.62/share if Pixclara achieves ~80% penetration. If the company is successful in securing approval to expand Pixclara’s indication to include brain metastases, we estimate this could potentially add as much as ~$3.85/share to our price target.

Large unmet need

Telix said gliomas were the most common form of central nervous system cancer, accounting for approximately 30% of all brain and central nervous system tumours and 80% of all malignant brain tumours.

The company said about 24,000 new glioma cases were diagnosed each year in the US.

Telix Precision Medicine Chief Executive Officer Kevin Richardson said:

FDA approval of Pixclara will enable broad access in the U.S. to FET-PET imaging, which is already recognized in international clinical practice guidelines. As the first FDA-approved PET imaging drug for glioma, Pixclara will provide physicians in the U.S. with more certainty in their diagnoses and greater confidence in their treatment planning for patients.

Pixclara is a small molecule targeting compound that is labelled with a diagnostic radioisotope, fluorine-18.

After administration into the bloodstream, Pixclara targets membrane transport proteins known as L-type amino acid transporters 1 and 2.

Once bound, energy emissions from the radioisotope can be detected by a PET scanner.

Telix is valued at $5.32 billion.

The post Why are Telix Pharmaceuticals shares charging higher today? appeared first on The Motley Fool Australia.

More reading

• Telix Pharmaceuticals shares: FDA approves Pixclara brain cancer drug
• Forget CSL shares. 3 ASX healthcare stocks with bigger upside
• CSL led the ASX healthcare shares rebound. Can it continue?
• 4 high conviction ASX stock picks from Canaccord Genuity
• Telix shares are up 98%: Is there more upside to come?

Motley Fool contributor Cameron England has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Less than 3 weeks ago, BHP Group Ltd (ASX: BHP) shares were trading at record highs.

Now they’re heading the other way.

The mining giant is down another 1.13% to $60.18 on Monday morning, extending a sell-off that started late last week.

BHP closed at $64.58 last Wednesday, so the stock has dropped around 6.8% in just 3 trading sessions.

Friday did most of the damage, with the shares dropping 4.05% as mining shares were hit by uncertainty around US copper tariffs.

After such a quick pullback, some investors may be wondering whether BHP is starting to look cheap again.

I’m not sure we’re there yet.

The rally has still been huge

The first thing I’d like to point out is just how far BHP shares have already run.

Even after the recent fall, the stock is still up around 33% in 2026.

It is now about 13% below its 52-week high of $68.77, reached in late August.

So, while the 6.8% drop looks significant, BHP is coming off a very strong run.

The business itself has also been performing well.

FY26 revenue increased 15% to US$58.8 billion, while underlying EBITDA rose 27% to US$32.9 billion. Net debt fell to US$8.7 billion, and the full-year dividend increased to 172 US cents per share.

Copper has become a large part of the business, generating around 54% of underlying EBITDA last year.

Is BHP actually cheap?

This is where I think things get more interesting.

The average 12-month broker price target tracked by TipRanks is $59.23, around 2% below today’s share price.

Of the 15 analysts shown, 13 have a hold rating, with only 1 buy and 1 sell.

There’s also a wide range of views. Morgan Stanley has a $68 target, while Freedom Capital Markets is at $66. Jefferies and Bank of America are both sitting at $65.

At the other end, Bernstein has a $44 target.

Would I buy after the fall?

I can see why investors might be tempted to buy after the latest decline.

BHP is still a very profitable business, and its growing exposure to copper gives investors another reason to stay interested.

But there are still a few things to watch, including softer iron ore prices and ongoing labour negotiations at Port Hedland.

At $60.18, I think BHP looks more attractive than it did near $69.

With broker targets clustered close to the current price, I’d still want BHP to fall a little further before buying.

The post Down almost 7% in 3 days, are BHP shares finally good value? appeared first on The Motley Fool Australia.

More reading

• Are ASX shares heading for a crash? Here’s how I’m preparing
• Down almost 10%! Why are ASX copper shares tanking?
• Iron ore is back below US$100. Are BHP and Rio Tinto shares still buys?
• ASX 200 dives to a 6-week low. What’s behind today’s sell-off?
• Up 62% in a year are BHP shares now a buy, hold or sell?

Bank of America is an advertising partner of Motley Fool Money. 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 positions in and has recommended Jefferies Financial Group. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.