The Cleanaway Waste Management Ltd (ASX: CWY) share price is in focus following its latest update on the proposed EQT Infrastructure acquisition. EQT has restated its intent to proceed without any negative changes to its initial indicative price, giving shareholders renewed confidence in the ongoing scheme discussions.

What did Cleanaway Waste Management report?

• EQT Infrastructure confirmed nothing in its due diligence would cause it to withdraw or reduce its indicative proposal.
• No less favourable terms are proposed for Cleanaway shareholders.
• The offer consideration remains at least at the previously indicated level.
• The hard exclusivity period under the Transaction Process Deed has ended as planned.
• Both parties are working toward an implementation deed but no binding agreement has been reached yet.

What else do investors need to know?

EQT Infrastructure has finished its agreed exclusivity period for reviewing Cleanaway, but remains engaged and positive about progressing the transaction. The proposal is still indicative and non-binding, meaning there is no guarantee it will result in a formal offer.

Shareholders are not required to take any action currently. Cleanaway’s board has assured investors that they will provide further updates as developments occur. The Board’s proactive communication helps keep everyone in the loop on this potential change in ownership.

What’s next for Cleanaway Waste Management?

The next key step will be finalising due diligence and entering into an implementation deed—if terms can be agreed—so shareholders can consider a definitive proposal. Cleanaway continues operating as usual, maintaining its commitment to service, sustainability, and shareholder value.

With the deal still unconfirmed, investors should watch future announcements closely for any advances, revised offers, or changes in EQT’s intentions.

Cleanaway Waste Management share price snapshot

Over the past 12 months, Cleanaway shares have declined 9%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 1% over the same period.

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The post Cleanaway Waste Management provides EQT bid update appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Wesfarmers Ltd (ASX: WES) shares have been a solid choice for growing wealth over the last several years. We’re going to consider whether the company can deliver good returns from here.

Wesfarmers is best known as the owner of Bunnings Group (which includes Beaumont Tiles) and Kmart Group (which includes Anko and Target).

The company has several businesses in its portfolio, including chemicals, energy, a fertiliser business called WesCEF, and its healthcare segment, which includes Priceline and InstantScripts.

The company recently reported its FY26 result, which gave investors insights into its performance and helps figure out what the investment’s underlying value.

FY26 earnings recap

For the 12 months to 30 June 2026, the business reported revenue growth of 3.4% to $47.3 billion.

Overall, Bunnings Group revenue grew 4.1% to $20.4 billion, Kmart Group revenue rose 2.8% to $11.75 billion, WesCEF revenue increased 5.9% to $3.1 billion, Officeworks revenue rose 3.7% to $3.7 billion, and healthcare revenue grew 9.1% to $6.5 billion.

Turning to profitability, underlying operating profit (EBIT) rose 7.3% to $4.5 billion, and underlying net profit increased 8.3% to $2.87 billion.

In terms of divisional earnings, Bunnings Group earnings before tax (EBT) rose 5.1% to $2.45 billion, Kmart Group EBT climbed 6% to $1.1 billion, WesCEF EBT increased 18.5% to $473 million, Officeworks EBT declined 22.2% to $165 million and the Wesfarmers healthcare division EBT increased 18.8% to $76 million.

Given the challenging retail conditions, I think the company delivered an impressive performance.

Its trading update was promising, with commentary suggesting that sales growth has continued for Kmart and Bunnings in the first seven weeks of FY27.

Given its market-leading position in affordable hardware and general merchandise, I think the business is well positioned for the current economic climate.

What could happen with a $10,000 investment in Wesfarmers shares?

According to CMC Invest, there have been 11 analyst ratings on the company within the last three months.

Of those 11 expert ratings, the average price target is $78.13. A price target is where analysts think the (Wesfarmers) share price will go in 12 months from the time of the investment call.

The average price target of $78.13 implies the Wesfarmers share price could rise by 7.3% over the next year. Therefore, a $10,000 investment could grow to $10,700, which would be solid return, in my opinion.

On top of that, the business could pay an annual dividend per share of $2.40 in FY27, according to CMC Invest. That could translate into a grossed-up dividend yield of 4.7%, including franking credits.

Overall, investors in Wesfarmers could see a $10,000 investment turn into more than $11,000 of total wealth within the next 12 months. That could be a solid investment, but there could be even better ASX share buys available.

The post By September 2027, Wesfarmers shares could turn $10,000 into… appeared first on The Motley Fool Australia.

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

When investors think about huge market winners, Nvidia Corp (NASDAQ: NVDA) is one of the first stocks that comes to mind.

But I’m not sure many investors would have picked an oil shipping ETF to be sitting near the top of the list.

The Breakwave Tanker Shipping ETF (NYSEMKT: BWET) finished Friday at US$726.92 after gaining another 11.83%.

It is now up around 3,670% in 2026.

Yes, you read that correctly.

To put that into perspective, $10,000 invested at the start of the year would now be worth around $377,000, before fees and taxes.

And those gains haven’t come from AI, crypto, or the latest hot tech stock.

Instead, it has benefited from the soaring cost of moving oil around the world.

So, what exactly is BWET?

BWET is a pretty unusual ETF.

It doesn’t own oil tankers, and it doesn’t invest in shipping companies either.

Instead, the fund invests in freight futures, which rise and fall with the cost of transporting oil by tanker.

A large part of that exposure is linked to the cost of shipping oil from the Middle East to China on super tankers.

And that is where things have really taken off this year.

The war involving the US and Iran has disrupted traffic through the Strait of Hormuz.

At the same time, problems around the Red Sea have made some shipping routes longer, more difficult, and much more expensive.

Some vessels have been forced to take longer routes, while others have avoided certain areas altogether.

The result has been a huge jump in tanker freight rates.

And because BWET is tied to those freight prices, the ETF has taken off with them.

The fund is up around 46% in just the past week, 113% over 1 month and more than 1,000% over the past 6 months.

There’s a catch

As good as those returns look, BWET definitely isn’t the type of ETF most investors would want to buy and forget about for the next 20 years.

Freight rates can move very quickly, and that works both ways.

If shipping routes reopen, geopolitical tensions calm, or more vessels become available, those huge freight prices could come down quickly.

We’ve already seen how quickly BWET can turn.

Earlier this year, the ETF fell more than 40% in just 2 weeks as investors became more hopeful about peace talks.

There’s also the cost to consider.

BWET has an expense ratio of 3.5%, which is very high compared with a typical broad-market ETF.

What investors can learn from this

BWET is probably one of the strangest success stories on the market this year.

At the start of 2026, it was a tiny ETF that most investors had probably never heard of.

Now, it is the best-performing non-leveraged US ETF by a huge margin.

Of course, that doesn’t mean investors should suddenly start chasing tanker freight futures.

It’s a good reminder to keep looking ahead, because the next big opportunity isn’t always where everyone else is looking.

The post Forget Nvidia. This little-known ETF is up more than 3,600% in 2026 appeared first on The Motley Fool Australia.

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