The pullback in ASX shares in recent months has seen some long-time reliables take big haircuts.

So some of those stocks that previously made long-term investors very wealthy are at discounted levels.

And many of those businesses have not changed. What they do, how they do it, customer demand, their balance sheets — none of those things have taken a hit due to inflation nor the war in Ukraine.

These experts have picked out 2 ASX shares to buy that are in exactly this position right now.

Seek-ing a bargain?

Ord Minnett senior investment adviser Tony Paterno loves how cheap Seek Limited (ASX: SEK) shares are right now.

The stock for the celebrated job-hunting website rocketed by more than 150% in just 20 months from its lowest point during the COVID-19 market crash.

But since its peak in November, the Seek share price has been caught up in the tech and growth stock correction.

It plummeted from above $36 to $28.12 at yesterday’s close.

Paterno was triggered by information out of Seek during the recent results season.

“The result and guidance upgrade has prompted us to increase our earnings estimates for the recruitment portal, driven by continuing strength in the Australasian market,” he told The Bull.

“We expect Seek to continue extracting value during the next 12 to 18 months.”

Even after the latest dip, Seek shares have returned more than 340% over the past 10 years.

Buying opportunity for a stellar performer

Industrial real estate manager Goodman Group (ASX: GMG) has been a darling share in recent years.

By the end of last year, it had climbed by more than 138% in the 21 months since its coronavirus market trough.

But Goodman shares have plunged 17% this year.

Medallion Financial Group director Philippe Bui can’t understand the negative sentiment.

“Across the board, the first half 2022 result looked impressive,” he said.

“Management of this global industrial property group has upgraded guidance for fiscal year 2022.”

This makes the current discounted share price a golden buying opportunity.

“In our view, Goodman is a business with a strong balance sheet and growth prospects,” he said.

“Operating earnings per share growth is projected to be 20%. Potential for continuing margin expansion is also positive.”

Goodman shares have almost tripled over the past 5 years, going from mid-$7s to $22.19 at yesterday’s close.

The post 2 long-term ASX stars now cheap enough to buy: experts appeared first on The Motley Fool Australia.

More reading

• 3 ASX tech shares going gangbusters today
• Will ASX REITs get smashed by rising interest rates?
• Analysts name 3 ASX 200 shares with potential upside of 20%+
• 2 blue chip ASX 200 shares analysts rate as buys
• Analysts name 2 ASX 200 blue chip shares to buy

Motley Fool contributor Tony Yoo 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 recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/Fdy4oS2

Some ASX shares have compelling growth potential and are benefiting from structural growth or from specific company plans.

Businesses that utilise technology can produce above-average margins, which can help profit growth and perhaps boost the shareholder returns.

These two ASX share investments could be compelling in the coming years:

Betashares Global Cybersecurity ETF (ASX: HACK)

This is an exchange-traded fund (ETF) that is all about the businesses which operate in the global cybersecurity space.

Between 2017 and 2023, the global cybersecurity market is expected to grow from US$137.6 billion to US$248.3 billion. As the amount of cybercrime increases and the level of important information online grows, there is an increasing need for cyber protection.

BetaShares says that demand for cybersecurity services is expected to grow strongly for the foreseeable future.

For an annual cost of 0.67%, investors can get exposure to the 35 businesses in the portfolio. Some examples of the businesses in the portfolio include: Palo Alto Networks, Cisco Systems, Crowdstrike, Accenture, Check Point Software and Cloudflare.

Past performance is not a reliable indicator of future performance. However, over the last five years it produced an average return per annum of 20.3% to 31 January 2022.

Airtasker Ltd (ASX: ART)

Airtasker is a fast-growing platform ASX share. It enables people and businesses who need work doing to connect with people willing to do the work.

The business showed a strong recovery in the second quarter of FY22 after lockdowns ended in Melbourne and Sydney. Second-quarter gross marketplace volume (GMV) was up 39% quarter on quarter to $48.6 million, whilst the second-quarter revenue rose 37.5% quarter on quarter to $8.1 million. A record weekly GMV run rate of $4.5 million was achieved in December.

Internationally, the business is growing even quicker in the much larger markets of the US and the UK. The US posted task growth of 71% quarter on quarter and the UK saw quarterly GMV growth of 121%.

The business is also benefiting from an increase in the average task value, in the second quarter it rose 24% year on year to $255.

Airtasker has a high gross profit margin, allowing it to re-invest most of the new revenue into new marketing and other growth expenditure.

The business pointed out that in Australia it only has a 0.3% market share of a $52 billion local services market, generating $153 million of GMV in FY21. If it were to capture the same 0.3% in UK and USA, that would mean GMV of $210 million and $1.5 billion respectively from each of those markets.

In the US, the company is focused on a few key cities, being Dallas, Atlanta, Kansas City and Miami.

The post 2 compelling ASX shares expecting big growth this decade appeared first on The Motley Fool Australia.

More reading

• Why is this leading ASX ETF suddenly in the spotlight?
• Top brokers name 3 ASX shares to buy next week
• 2 exciting tech ETFs for your watchlist
• 2 exciting ASX growth shares for March 2022
• Airtasker (ASX:ART) share price falls 4% amid half-year plagued by COVID

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. owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/trj7bWa

If you’re looking for dividend shares to buy then you may want to look at the ones below that brokers are recommending.

Here’s what brokers are saying about these ASX 200 dividend shares:

National Australia Bank Ltd (ASX: NAB)

The first ASX 200 dividend share to look at is banking giant NAB. It could be a top option in the sector thanks to its strong position in business banking, which is performing far better than retail banking at present. It was thanks largely to this side of the business that NAB delivered a 9.1% increase in cash earnings during the first quarter.

In addition, the bank is aiming to boost its consumer banking offering through acquisitions. This includes the recently completed acquisition of digital bank 86 400 and the proposed acquisition of Citigroup’s Australian consumer business. The team at Bell Potter expect these to allow the bank to “achieve scale in digital and consumer banking offerings.”

Its analysts remain very positive on NAB and currently have a buy rating and $32.50 price target on its shares. The broker has also pencilled in fully franked dividends per share of 132.5 cents in FY 2022 and then 134.5 cents in FY 2023. Based on the current NAB share price of $29.11, this equates to yields of 4.55% and 4.6%, respectively.

Transurban Group (ASX: TCL)

Another ASX 200 dividend share to consider is toll road giant Transurban. It could be a top long term option for investors thanks to its portfolio of key roads in the Australia and North America markets and its development projects. The latter look likely to underpin solid growth over the next decade.

Analysts at Morgans are positive on Transurban. This is due largely to its exposure to a number of factors which are expected to boost traffic on its roads. These include employment and population growth, urbanisation, and the value of time.

Morgans has an add rating and $14.29 price target on its shares. As for dividends, it is forecasting dividends per share of 35 cents in FY 2022 and then 55.3 cents in FY 2023. Based on the current Transurban share price of $12.58, this implies yields of 2.8% and 4.4%, respectively.

The post Why brokers rate these ASX 200 dividend shares as buys appeared first on The Motley Fool Australia.

More reading

• Australia’s newest tech unicorn, Zeller, is taking on the ASX banks. Here’s how
• Why did the NAB (ASX:NAB) share price leap 7% in February?
• ‘A lot of headroom to grow’: Is 2022 the year ASX investors turn to ESG shares?
• Own NAB (ASX:NAB) shares? Here’s why the bank has been ruffling some customer feathers
• Which new investments are predicted to help the AFIC (ASX:AFI) share price and dividends?

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 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.

from The Motley Fool Australia https://ift.tt/Tp4iOCI

On Thursday, the S&P/ASX 200 Index (ASX: XJO) was on form again and pushed higher. The benchmark index rose 0.5% to 7,151.4 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 fall

The Australian share market looks set to end the week in a disappointing fashion. According to the latest SPI futures, the ASX 200 is expected to open the day 44 points or 0.6% lower this morning. This follows a mixed night on Wall Street, which in late trade sees the Dow Jones up 0.3%, the S&P 500 trading flat, and the Nasdaq down 0.9%.

CSL acquisition update

The CSL Limited (ASX: CSL) share price will be on watch on Friday. This follows the release of an update on its proposed acquisition of Vifor Pharma after the market close on Thursday. According to the release, following a public tender offer, 74% of Vifor shares have been tendered. While this was short of its target, CSL has decided to waive the original 80% acceptance rate condition and declare the offer successful. This puts the acquisition on course to complete mid-2022.

Oil prices ease

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a subdued finish to the week after oil prices eased. According to Bloomberg, the WTI crude oil price is down 1.1% to US$109.48 a barrel and the Brent crude oil price is down 0.6% to US$112.28 a barrel. Oil prices hit 2008 highs before paring their gains.

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 0.7% to US$1,935.7 an ounce. The Russia-Ukraine crisis boosted the appeal of the safe haven asset.

Xero shares given buy rating

The Xero Limited (ASX: XRO) share price remains in the buy zone according to the team at Goldman Sachs. This morning the broker retained its buy rating but trimmed its price target to $135.00. Despite the price target reduction, it still implies potential upside of 35% for investors over the next 12 months.

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

More reading

• Here are the top 10 ASX shares today
• The Woodside (ASX:WPL) share price has smashed at least 8 52-week highs in the last month. What’s next?
• Santos (ASX:STO) share price rockets to a new 52-week high. Here’s why
• Looking for ASX shares in these uncertain times? Top broker says these sectors are now ripe for the picking
• Are ASX green energy shares losing their appeal amid rising oil and gas prices?

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. owns and has recommended CSL Ltd. and Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/735vjBl

There are a lot of exchange traded funds (ETFs) for investors to choose from on the Australian share market.

But which ETFs should you focus on? Listed below are three excellent ETFs that could be worth getting better acquainted with in March. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF. This popular ETF gives investors exposure to the growing Asian economy through a number of the most promising tech shares in the region. This means you’ll be owning a slice of companies such as ecommerce giants Alibaba, Meituan Dianping, and Pinduoduo, as well as search engine company Baidu and WeChat owner Tencent.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF to look at is the BetaShares Crypto Innovators ETF. It could be worth considering if you’re interested in gaining indirect exposure to cryptocurrencies. BetaShares highlights that the ETF allows investors to access the growth potential of the crypto economy through exposure to a portfolio of companies at the forefront of the crypto world. This includes crypto trading platforms, crypto mining and mining equipment companies, and other companies servicing crypto-markets. Coinbase, Silvergate, and Riot Blockchain are among the ETF’s holdings.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

A final ETF to look at in March is the VanEck Vectors Morningstar Wide Moat ETF. This Warren Buffett inspired ETF focuses on companies with sustainable competitive advantages. This is a key feature that Mr Buffett looks for when making his investments. And given his success, it’s hard to argue against this. The ETF currently contains almost 50 attractively priced shares, including the likes of Alphabet (Google), Altria, Amazon, Boeing, Coca Cola, Intel, Kellogg Co, and Walt Disney.

The post Check out these ETFs in March appeared first on The Motley Fool Australia.

More reading

• 3 excellent ETFs for ASX investors to look at in March
• 2 popular ETFs you need to know
• 2 exciting tech ETFs for your watchlist
• 2 quality ASX shares that have been sold-off
• 2 intriguing ETFs for ASX investors to watch

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. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/x7ydae5

The Telstra Corporation Ltd (ASX: TLS) share price lost ground today. It came amid the company signing a new satellite partnership with OneWeb to explore low earth orbit satellite communications.

Telstra shares finished the day at $3.91, a 0.76% fall. In contrast, the S&P/ASX 200 Index (ASX: XJO) climbed 0.49% today. However, it was broadly in line with the S&P/ASX 200 Communication Services Index (ASX: XTJ), which fell 0.59%.

Let’s take a look at what is happening at the telecommunications giant.

New satellite deal

Telstra announced the new deal overnight at Mobile World Congress in Barcelona. The telco signed a non-exclusive memorandum of understanding with OneWeb.

OneWeb is a global company that currently has 428 satellites in low orbit.

Commenting on the deal, Telstra networks and IT group head Nikos Katinakis said:

Working with OneWeb could allow us to boost connectivity in hard-to-reach places across rural and regional Australia with a combination of our mobile network and OneWeb’s Low Earth Orbit (LEO) satellite technology.

It also opens the possibility of bringing high-speed, low latency connectivity from space, as well as support enterprise and small businesses across Australia and improve the resilience of our existing network.

The Telstra share price was one of the most heavily traded ASX 200 shares on the market on Thursday. More than 33,000 shares swapped hands on the market in one day. As my Foolish colleague Aaron reported, the company’s shares traded ex-dividend on Wednesday.

Meanwhile, speaking from Barcelona, Telstra CEO Andy Penn highlighted how the company is helping people impacted by the Ukraine crisis.

In the Ukraine, obviously some just some terrifying images. And I know our hearts go out to all of the people in the Ukraine, and also those with family and friends in Ukraine.

We’ve provided free calls to people in Ukraine and we are adding roaming now, and we are adding free data as well for people who are impacted here. We just want to do everything we can to support people. But it’s obviously a very concerning time.

Telstra share price snapshot

The Telstra share price has gained nearly 26% over the past year, while it has fallen 6% this year to date.

For perspective, the benchmark ASX 200 has returned nearly 5% over the past year.

Telstra has a market capitalisation of about $46 billion based on its current share price.

The post Telstra (ASX:TLS) share price in the red amid new satellite deal appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares this Thursday
• Battle for 5G: here’s why Telstra (ASX:TLS) is ruffling feathers of its rival
• These 3 ASX 200 shares are topping the volume charts on Wednesday
• What’s with the Telstra (ASX:TLS) share price today?
• 5 things to watch on the ASX 200 on Wednesday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/bwj65yK

The Cimic Group Ltd (ASX: CIM) share price showed its resilience today. This comes after reports the company has underpaid hundreds of its workers at its Middle East operations.

At the close of trading, the engineering company’s shares were flat at $22.00 apiece.

What happened?

The Cimic share price stood firm today amid fresh allegations in an alleged wages scandal that first surfaced last year.

It involves claims the company short-changed workers, subcontractors, and banks in the United Arab Emirates, Oman, and Saudi Arabia.

According to an article published in The Age, Cimic could face criminal prosecution as it’s accused of owing $500 million.

A judicial guard appointed as administrator of Leighton Contractors Qatar (LCQ), Fatima Almass Al-Hamad, said, “the situation is a humanitarian disaster”.

In 2018, LCQ was formed following the merger of the Qatari building contractor Al Habtoor Engineering with Gulf Leighton, the CIMIC Group’s original operating company in the Gulf region. However, in 2020, the company went into receivership.

Al-Hamad said, “With no salary and no health insurance, the workers are struggling to survive and cannot support their families”.

LCQ is currently being investigated by the administrator over a number of alleged breaches of Qatari legislation.

Cimic refutes the allegations made and claims all employee entitlement payments were honoured up until its exit from the Middle East and Dubai-headquartered BIC Contracting (BICC).

Last year in February, the company signed a share purchase agreement with SALD Investment LLC. The deal saw Cimic sell its 45% non-controlling interest in BICC for “nominal” consideration.

Cimic stated it would re-focus its efforts on major markets including Australia, New Zealand, and the Asia Pacific.

Management noted that since February 2021, around 40 people (equivalent to 2%) remain unpaid in the UAE and Saudi Arabia. Payment is expected soon, as soon as settlements are reached between BICC and the employees.

Cimic share price snapshot

Over the last 12 months, the Cimic share price has gained roughly 10%. It is also up 30% year to date.

The company’s shares reached a 52-week high of $22.42 last month following a takeover approach by Hochtief Australia.

Cimic commands a market capitalisation of close to $6.85 billion at today’s prices.

The post Cimic (ASX:CIM) share price holds ground amid ‘humanitarian disaster’ claims. Here’s why appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares in February
• These were the best performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• Why Cimic, Lovisa, NextDC, and Nine shares are charging higher
• ASX 200 (ASX:XJO) midday update: Appen and Life360 crushed, Flight Centre posts $188m loss

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.

from The Motley Fool Australia https://ift.tt/ci6skmS

Today, the S&P/ASX 200 Index (ASX: XJO) solidified another green day backed by strength in the energy and mining sectors. At the end of the session, the benchmark index finished 0.49% higher at 7,151.4 points.

Thursday ended up being a great day for investors in mining and energy companies. Both sectors have been pushing to the upside amid sanctions imposed on Russia. Meanwhile, consumer staples let down the index with its 2.1% fall today. Coles Group Ltd (ASX: COL) dragged the sector lower with it trading ex-dividend throughout the session.

However, the question is: which shares managed to stay in the green on the ASX today? Here are the top ten stocks that pulled through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Yancoal Australia Ltd (ASX: YAL) was the biggest gainer today. Shares in the coal-producing company gained another 10.98% today after posting an impressive gain yesterday. Record high coal prices — over US$400 per tonne — have put steam under this company’s wings recently. Find out more about Yancoal Australia here.

The next biggest gaining ASX share today was Whitehaven Coal Ltd (ASX: WHC). Yet another coal producer hitting 52-week highs on Thursday — Whitehaven Coal was pushed 10.62% above its previous closing price. Uncover the latest Whitehaven Coal details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Yancoal Australia Ltd (ASX: YAL)	$4.75	10.98%
Whitehaven Coal Ltd (ASX: WHC)	$3.96	10.62%
AVZ Minerals Ltd (ASX: AVZ)	$0.945	8.00%
Liontown Resources Ltd (ASX: LTR)	$1.615	6.95%
Pilbara Minerals Ltd (ASX: PLS)	$2.96	5.34%
Nickel Mines Ltd (ASX: NIC)	$1.63	5.16%
OZ Minerals Ltd (ASX: OZL)	$27.09	5.04%
Beach Energy Ltd (ASX: BPT)	$1.68	4.67%
IGO Ltd (ASX: IGO)	$12.31	4.41%
Fortescue Metals Group Ltd (ASX: FMG)	$19.37	4.20%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares this Thursday
• Aussie coal is in hot demand, and these ASX coal shares are booming
• Why IGO, Lake Resources, Talga, and Whitehaven Coal shares are charging higher
• Are ASX green energy shares losing their appeal amid rising oil and gas prices?
• ASX 200 (ASX:XJO) midday update: Corp Travel Management’s ACCC boost, Zip downgraded

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/sqdK5Xl

During times of uncertainty, volatility and market malaise, many ASX investors feel the need to sell out of some, or even all, of their ASX share. How do we know this? Because if a share market is falling, it usually means there are more sellers than buyers in the market. That’s how the laws of supply and demand play out on a stock exchange. 

But this might not always be the best move for an investor. After all, the legendary billionaire stock picker Warren Buffett is famous for his oft-repeated mantra of ‘be greedy when others are fearful’. And history is full of examples that show that selling when the market tanks is usually not the soundest of moves. For example, it didn’t take too long for an investor that cashed out the shares back in March of 2020 to feel very silly indeed. 

But of course, that wisdom is only available in hindsight. And it is certainly easier said than done. Over 2022 so far, we have seen a lot of share market volatility. From fears over inflation and rising interest rates to the ongoing war in Ukraine, there has been a lot of negative news. And judging by the gyrations we have seen in the markets, there has been a lot of selling too. 

Fear and greed

So have you considered selling (or have sold) your ASX shares at the wrong time out of fear?

Geroge Wong of Kauri Asset Management, says that despite the dread that volatility causes, there are good reasons why you should avoid acting impulsively. Writing for Livewire, here’s some of what Mr Wong had to say:

Humans have a tendency to be scared during times of uncertainty, especially when it comes to things that we cannot control. A falling market is just one example. This is a phenomenon that is in many respects conditioned into us as part of the fight or flight response… It was evident thousands of years ago in our ancestors, and it is still on show today…

In the minds of many, it is better to make a decision to try to do something to reduce our fear. However, that often might not be the best course of action given the emotions tied to those decisions and the general tendency for the market to climb higher over time.

We never ‘have to’ do anything, including selling shares

Wong calls this “decision” an example of ‘action bias’ – the need to do something. If markets are doing something dramatic, then many investors feel they need to match that dramatic action. Perhaps by selling their shares. Or even by avoiding buying quality shares when they are ‘on sale’. 

He even cites Buffett’s example:

We should know from some of the most-successful investors of all time, including Warren Buffett, the buy-and-hold strategy is a proven approach to do well in the market. You don’t need to trade just for the sake of trading, and if you are forcing it, something is likely awry.

Concluding, Wong states that keeping one’s eye on our own behaviour can be one of the best paths to long-term success in investing. Here’s some of what he finished with: 

While a volatile market can be a confronting challenge for investors to navigate, we can’t let our fear dictate the decisions we make, nor the actions we take…

No matter your investing style, if you allow fear and action bias to have an influence over your mindset, you are no longer investing rationally but rather, emotionally… Remember, there is no need to be active in the market just for the sake of it. Patience and discipline are arguably the most fundamental mechanisms to combat action bias and deliver consistent returns over time.

Wise words indeed. And some points that we arguably all should keep in mind during these confronting and intimidating times. 

The post Are you selling your ASX shares at the wrong time out of fear? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Game on! PointsBet (ASX:PBH) share price rebounds 18% on Thursday
• ‘$2 billion cost’: How are the floods impacting ASX 200 insurance shares this week?
• 2 ASX 200 financial shares that hit 52-week lows on Thursday
• A2 Milk (ASX:A2M) share price slips amid ‘long-term implications’ of flooding

Motley Fool contributor Sebastian Bowen 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.

from The Motley Fool Australia https://ift.tt/DvJIuBG

The PointsBet Holdings Ltd (ASX: PBH) share price spiralled upwards today, prompting ASX investors to pay attention.

At the close, shares in the sports betting company finished 18.2% higher at $4.35. More than 5.3 million shares exchanged hands during the course of Thursday’s session.

Oddly enough, investors are piling into the company today without any news from PointsBet. This leaves us to look back at what recent events could be impacting the PointsBet share price today.

Broker rating that’s hard to grapple with

In light of the lack of new information, investors are forced to revert back to the latest news on PointsBet for context. At this point in time, that takes us back to a broker note from Goldman Sachs, which was released yesterday.

The analysts at Goldman decided to reduce their price target on the sports betting company by 32% to $6.74. Clearly, shareholders were shaken by the revision, prompting the PointsBet share price to tumble 11.8%.

While the broker maintained its buy rating, it explained the new price target reflected a derating of peer multiples and lower earnings estimates.

Perhaps market participants have found solace in the broker’s retained buy rating? Notably, Goldman mentioned that both its medium-term and long-term forecasts for PointsBet’s EBITDA remained unchanged.

Last week, PointsBet posted its half-year earnings. Shareholders were tasked with deciphering whether it was a positive result overall or not.

Net revenue for the half increased by 27% year on year to $97.6 million. Meanwhile, statutory EBITDA losses deepened to $130.6 million versus the $71.3 million in the prior corresponding period.

PointsBet share price takes an ‘L’

The PointsBet share price appears to be caught up in a sector-wide sell-off. Competitors abroad and locally have suffered in a similar fashion during the past year.

On the ASX, Bluebet Holdings Ltd (ASX: BBT) is another bookie struggling with a 53% share price fall. Likewise, US-listed DraftKings Inc (NASDAQ: DKNG) has plunged 65% during the 12-month timeframe.

Yet, the PointsBet share price takes the cake with a 67% landslide.

The post Game on! PointsBet (ASX:PBH) share price rebounds 18% on Thursday appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Corp Travel Management’s ACCC boost, Zip downgraded
• Why Domino’s, Magellan, PointsBet, and Zip shares are falling
• ASX 200 (ASX:XJO) midday update: Rio Tinto, South32 storm higher, PointsBet sinks
• Why is the PointsBet (ASX:PBH) share price sinking 13% today?
• These were the worst performing ASX 200 shares in February

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended BlueBet Holdings Ltd and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/W6poDgz