• Own BHP shares? Here’s your Q4 preview

    A man wearing a shirt, tie and hard hat sits in an office and marks dates in his diary.

    BHP Group Ltd (ASX: BHP) shares will be on watch this week.

    That’s because the mining giant is scheduled to release its fourth quarter update on Wednesday 17 July.

    Ahead of the release of its update, let’s have a look at what the market is expecting from the Big Australian.

    BHP Q4 preview

    According to a note out of Goldman Sachs, it is expecting BHP to fall a touch short of the market’s expectations during the fourth quarter.

    It is forecasting iron ore shipments of 74.1Mt for the three months. While this is up 6% quarter on quarter, it is lower than the consensus estimate of 74.9Mt. Goldman expects this to be achieved with a realised iron ore price of US$101 per tonne.

    It is a similar story for copper, with the broker forecasting flat copper production of 467kt, which is just short of the consensus estimate of 470kt. A realised price of US$3.93 per pound is expected by Goldman, which is 12 cents lower than the consensus estimate of US$4.05 per tonne.

    Metallurgical coal production could disappoint. It is expected to be down 24% quarter on quarter to 4.6Mt. This is lower than the consensus estimate of 4.9Mt.

    Finally, nickel production is also forecast to come in lower than the market expects. Goldman has pencilled in production of 18.6kt versus the consensus estimate of 19.8kt.

    BHP is also likely to provide the market with its guidance for FY 2025. And once again, the broker believes this could be lower than expectations. It commented:

    BHP: we sit below on FY25 iron ore production vs. VA consensus; Pilbara iron ore 287Mt (100% basis) vs. VA cons at 293Mt and Qld met coal production of 18Mt (BHP share) vs. VA cons at 21Mt due to our view of ongoing catch-up on waste stripping and build-up of in-pit coal inventory.

    Should you buy BHP shares?

    Despite expecting BHP to fall short of the market’s expectations in both the fourth quarter and FY 2025, Goldman remains very positive on the miner’s shares.

    It currently has a buy rating and $48.40 price target on its shares. Based on its current share price of $43.40, this implies potential upside of 11.5% for investors over the next 12 months.

    Goldman also expects a 4.2% dividend yield in FY 2025, which boosts the total potential return to almost 16%.

    Commenting on its bullish view, the broker said:

    We rate BHP a Buy based on: (1) Attractive valuation, but at a premium to RIO: Although we believe this premium can be partly maintained due to ongoing superior margins and operating performance (particularly in Pilbara iron ore where BHP maintains superior FCF/t vs. peers), (2) Robust FCF, but still below RIO, (3) We remain bullish on copper and met coal, (4) Optionality with +US$20bn copper pipeline, but growth below RIO.

    The post Own BHP shares? Here’s your Q4 preview appeared first on The Motley Fool Australia.

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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 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.

  • Where to invest $10,000 into ASX 200 shares

    Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.

    If you’re fortunate enough to have $10,000 available to invest into the share market, then you may be on the lookout for options.

    In order to narrow things down for you, let’s take a look at three ASX 200 shares that are highly rated by analysts and could be good options for those funds. They are as follows:

    Capricorn Metals Ltd (ASX: CMM)

    Capricorn Metals could be a top option if you would like to add some gold exposure to your portfolio with that $10,000.

    It is a gold exploration, development, and mining company whose primary asset its 100%-owned Karlawinda Gold Project (KGP) in Western Australia. Bell Potter is very positive on the company due to the quality of its KGP operation and management’s strong track record. It said:

    CMM’s management team has a track record of capital efficient project funding, development, commissioning and operation. In our view, FY25 and FY26 should benefit from higher revenue and EPS increases by 32% and 6% respectively. CMM is a sector leading gold producer with a strong balance sheet, a management team with an excellent track record of delivery and clear organic growth options to lift group production to 270kozpa.

    The broker has a buy rating and $6.53 price target on its shares.

    Flight Centre Travel Group Ltd (ASX: FLT)

    Another ASX 200 share for investors to consider buying is travel agent giant Flight Centre.

    Morgans is a big fan of the company and sees a lot of value in its shares at current levels. Particularly given the transformation of its business model. It said:

    FLT has the greatest risk, reward profile of our travel stocks under coverage. The risk is centred around execution given its changed business model, while the reward is material if FLT delivers on its 2% margin target. If achieved, this would result in material upside to consensus estimates and valuations. FLT is targeting to achieve this margin in FY25. With greater confidence in the travel recovery and the benefits of Flight Centre’s transformed business model already emerging, we think the company is well placed over coming years.

    The broker has an add rating and $27.27 price target on its shares.

    Light & Wonder Inc. (ASX: LNW)

    Analysts at Goldman Sachs think that Light & Wonder could be an ASX 200 share to buy. It is a cross-platform global games company that provides gambling products and services.

    The broker likes Light & Wonder due to its belief that it can continue to win market share in Australia and North America and deliver strong profit growth. It explains:

    LNW is well-placed to continue winning market share in ANZ and North America gaming operations, driving earnings growth of +12% (2-year CAGR) to achieve its FY25 AEBITDA target of US$1.4bn, which we believe has not been factored into market expectations (GSe +3% above VA consensus). Additionally, we believe SciPlay is out indexing the social casino segment driven by higher monetisation rates and modest user growth, despite headwinds in the broader social gaming industry.

    Goldman has a buy rating and $190.00 price target on its shares.

    The post Where to invest $10,000 into ASX 200 shares appeared first on The Motley Fool Australia.

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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 and Light & Wonder. The Motley Fool Australia has recommended Flight Centre Travel Group and Light & Wonder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • These are the 10 most shorted ASX shares

    The words short selling in red against a black background

    At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

    This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

    With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

    • Pilbara Minerals Ltd (ASX: PLS) remains the most shorted ASX share with flat short interest of 21.3%. With analysts forecasting lithium prices to remain under pressure for some time, short sellers appear to believe this will weigh on this lithium miner’s profits.
    • IDP Education Ltd (ASX: IEL) has 13.1% of its shares held short, which is up slightly since last week. This language testing and student placement company is being impacted negatively by student visa changes in a number of key markets.
    • Liontown Resources Ltd (ASX: LTR) has 11.1% of its share held short, which is also flat week on week. Liontown will soon be adding more lithium supply to the market, with the Kathleen Valley Project commencing production in the coming weeks.
    • Chalice Mining Ltd (ASX: CHN) has short interest of 11%, which is up significantly week on week. Short sellers aren’t giving up on this mineral exploration company’s shares despite them losing almost 80% of their value over the last 12 months.
    • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest increase to 10.8%. Short sellers continue to target this travel agent giant’s shares amid concerns over weak consumer spending and revenue margin headwinds.
    • Syrah Resources Ltd (ASX: SYR) has short interest of 10.5%, which is up week on week. This graphite miner’s shares have fallen heavily due to weak battery material prices, production suspensions, and ongoing cash burn.
    • Australian Clinical Labs Ltd (ASX: ACL) has short interest of 10%, which is up since last week again. This health imaging company has warned that is expecting to report another significant profit decline in FY 2024. Short sellers don’t appear to believe improvements are coming any time soon.
    • Westgold Resources Ltd (ASX: WGX) has short interest of 9.5%, which is up week on week. Short sellers don’t appear supportive of the gold miner’s proposed merger with Canada-based Karoa Resources.
    • Sayona Mining Ltd (ASX: SYA) has short interest of 9.4%, which is up since last week. At present, Sayona Mining is burning through cash due to its unit costs being higher than its unit sale price.
    • Lynas Rare Earths Ltd (ASX: LYC) has seen its short interest rise again to 9.1%. This appears to have been driven by ongoing rare earths price weakness.

    The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys 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 Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Former Secret Service agent says counter snipers at Trump rally should have had ‘360 degree coverage’ of surrounding buildings

    Shooting at Donald Trump rally in Butler, Pennsylvania.
    A former Secret Service agent says authorities should have had a comprehensive "site plan" of the event space and surrounding buildings for the rally where a shooter fired at Donald Trump.

    • Former President Donald Trump survived an assassination attempt at a Pennsylvania rally.
    • A former Secret Service agent says counter-snipers would usually have "360-degree coverage" for similar events.
    • Investigators will likely look into the event's "site plan."

    A former Secret Service agent said counter-snipers at the Pennsylvania rally where a would-be assassin wounded former President Donald Trump should have had "360-degree coverage" of the event and surrounding buildings.

    "I don't know how many they had, but they usually always look for 360-degree coverage," former Secret Service agent Anthony Cangelosi told Business Insider. "So that's one thing that's going to be considered."

    The Federal Bureau of Investigation identified the shooter as a 20-year-old man from Bethel Park, Pennsylvania.

    Cangelosi, who is now an adjunct professor at the John Jay School of Criminal Justice at the City University of New York, said the primary question law enforcement would likely be asking is how the suspect could have made it to the top of a nearby building undetected.

    Butler Township Sheriff Michael Slupe told The Washington Post that a local officer encountered the suspect before the shooting but dropped to the ground because he did not have his weapon.

    For a large event where the president or former president is speaking, the Secret Service on the scene would typically work with law enforcement to design a "site plan" with a mock-up of the event space and all surrounding buildings, Cangelosi said.

    This plan will be paramount for investigators in determining what possible failures occurred during the rally, according to Cangelosi.

    "All the posts — meaning personnel, Secret Service or uniformed police officers, where they were positioned, what their duties were to secure that post, what considerations were given to the outer perimeter, in this case, the other building," will be included in the site plan, Cangelosi said.

    Cangelosi said the Secret Service would sometimes use "counter-sniper response units," which are posted on the ground and can quickly move into position if they notice a threat.

    "However, time could also be of the essence, right?" Cangelosi said. "You might not have the ability to send a counter-sniper response team up to the location"

    Snipers often quickly have to make a decision when they notice a potential threat like an open window or a person sitting on a roof Cangelosi said.

    "What if you find out, 'Oh, I just killed a kid, 20-year-old kid who loves the protected, and he couldn't get in the venue, and he just wanted to get up on that roof,'" Cangelosi added. "No one wants to be in that position."

    Cangelosi said he expects the Secret Service to amp up security at future events moving forward. Trump has already confirmed he plans to speak at the Republican National Convention in Wisconsin next week.

    "The Secret Service is well aware of the fact that they have to be perfect all of the time," Cangelosi said. "And the one time you're not, it's going to bring an increased scrutiny."

    Read the original article on Business Insider
  • Local officer encountered Trump rally gunman on roof moments before shooting but retreated: report

    Donald Trump is escorted from the stage of his Pennsylvania rally.
    Secret Service agents escort Donald Trump off stage during a rally in Pennsylvania on Saturday.

    • Thomas Matthew Crooks shot at Donald Trump on Saturday during a rally in Pennsylvania.
    • A local officer encountered Crooks on the roof before the shooting but retreated, WaPo reported. 
    • Law enforcement and the US Secret Service are facing scrutiny following the incident.

    A municipal police officer at Donald Trump's rally in Pennsylvania encountered the shooter before the assassination attempt but retreated, according to The Washington Post.

    Butler County Sheriff Michael T. Slupe told the outlet that the officer inspected the roof after an unnamed law enforcement agency requested identification of a "suspicious individual" at the rally, the Post reported.

    After the officer pulled himself up high enough to see onto the roof of a building near the rally, the shooter, now identified as Thomas Matthew Crooks, turned around and aimed his gun at the officer, prompting him to drop back to the ground, the outlet said.

    Slupe said the officer did not have a gun in his hand at the time because he was holding onto the roof's ledge.

    "He lets go because he doesn't want to get killed," Slupe told the outlet.

    Crooks then shot at Trump. Secret Service agents quickly surrounded the president, who later confirmed in a Truth Social post that a bullet struck his ear.

    A Secret Service sniper fatally shot Crooks.

    The Butler County Sheriff's Office did not respond to a request for comment from Business Insider.

    Law enforcement officials and the Secret Service are facing criticism following the incident.

    A former intelligence officer at the Defense Intelligence Agency told BI said it's "mind-boggling" that Crooks managed to reach the rooftop and have a clear shot at Trump.

    An AP analysis of the footage found that Crooks managed to get "astonishingly close" to the stage. According to the outlet, the roof was less than 164 yards from where Trump stood onstage.

    President Joe Biden ordered an independent probe of Trump's rally security on Sunday in the shooting's aftermath.

    "I've directed an independent review of the national security of yesterday's rally, and we will share the results of that independent review as well," Biden said.

    GOP House Speaker Mike Johnson said the House would investigate events at the rally. On Saturday, the Federal Bureau of Investigation announced it assumed the lead role in the investigation in a post on X.

    Trump will speak at the Republican National Convention in Milwaukee this week.

    "In this moment, it is more important than ever that we stand United, and show our True Character as Americans, remaining Strong and Determined, and not allowing Evil to Win," he said in a Truth Social post.

    Read the original article on Business Insider
  • 50% of Americans believe political violence is a ‘very big problem’ in the US after Trump rally shooting

    Secret Service agents converge on Trump on the stage of his Pennsylvania campaign rally, while a uniformed agent stands nearby holding a rifle.
    Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally.

    • The threat of political violence has been an unfortunate element of many open societies.
    • In a YouGov poll taken after the Trump rally shooting, half of US adults said it's "a very big problem."
    • President Joe Biden is seeking to project an image of unity and calm a stunned nation.

    One thing is clear after shots were fired at former President Donald Trump during his Saturday rally in Pennsylvania: Americans are freaked out.

    In a YouGov poll taken after the shooting, 50% of adults said that political violence is "a very big problem" in the US. An additional 32% of adults said that political violence is "somewhat of a problem" in American society.

    Only 2% of American adults in the new survey felt that political violence isn't an issue in the country.

    There's a major disparity among age groups when it comes to the issue. While 37% of Americans aged 18 to 29 rated political violence as "a very big problem," a whopping 63% of Americans aged 65 years old and older agreed with that statement.

    One explanation for the gap could be the memories of societal turbulence from the 1960s.

    For Americans who lived through the 1960s or are tied to that era in some way, the assassinations of major figures like President John F. Kennedy, the Rev. Dr. Martin Luther King Jr., and New York Sen. Robert F. Kennedy collectively represented some of the darkest days of that decade.

    A stunning 67% of the respondents said the current political climate makes political violence "more likely" than normal.

    Chaos erupted on Saturday evening in Butler, Pennsylvania, where Trump was fired upon while holding a political rally ahead of the Republican National Convention.

    Secret Service officers returned fire, killing a 20-year-old shooter later identified as Thomas Matthew Crooks.

    Trump said he was shot in his right ear but was otherwise stable. One attendee was killed and two others were critically injured. The FBI on Sunday announced that it is probing the assassination attempt as a potential act of domestic terrorism.

    The rally-goer who was killed has been identified as Corey Comperatore, a 50-year-old firefighter.

    The failed assassination attempt stunned the nation and brought the tense presidential race to a near-standstill.

    President Joe Biden's reelection campaign pulled television ads and paused "outbound communications" following the shooting.

    Biden emphasized a message of unity as he spoke about the incident at the White House on Sunday.

    "Unity is the most elusive goal of all, but nothing is more important than that right now — unity," he said. "We'll debate and we'll disagree. But we're not going to lose sight of who we are as Americans."

    The president is set to address the nation from the Oval Office on Sunday.

    Trump is still planning to speak at the Republican National Convention in Milwaukee this week, where he's set to formally accept his party's presidential nomination.

    YouGov surveyed 4,339 American adults in its poll, which was conducted on July 14.

    Read the original article on Business Insider
  • Trump shooter used ‘AR-style’ rifle that was legally purchased: FBI

    An armed member of the secret service guarding former president Donald Trump from gunfire at a Pennsylvania rally.
    The shooter who fired a Donald Trump in a Pennsylvania rally used a legally purchased AR-15 style rifle, according to the FBI.

    • The shooting suspect who attempted to assassinate Donald Trump at a Pennsylvania rally used an "AR-style" rifle, the FBI says.
    • Police identified the shooter as a 20-year-old male from Bethel Park, Pennsylvania.
    • The FBI confirmed the weapon Crooks used was purchased legally.

    The would-be assassin of former President Donald Trump at a Pennsylvania rally on Saturday used an "AR-style" rifle that was purchased legally, the FBI believes.

    The FBI, on early Sunday morning, confirmed the shooter as Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania.

    FBI Special Agent Kevin Rojek, director of the agency's Pittsburgh field office, said in a news conference Sunday afternoon that the FBI recovered an "AR-style 556 rifle which was purchased legally."

    "We located the weapon at the scene, located immediately adjacent to the shooter," Rojek said.

    The FBI said it believes Crooks's father legally purchased the weapon used in the shooting.

    The FBI's primary focus is determining Crooks's motive and movement leading up to the shooting.

    Rojek told reporters that authorities have no indication that Crooks suffered from mental health issues.

    "At present, we have not identified an ideology associated with the subject, but I want to remind everyone that we're still very early in this investigation," Rojek told reporters. "We are working hard to determine the sequence of events related to the subject and his movements in the hours, days, and weeks prior to the shooting."

    Read the original article on Business Insider
  • Donald Trump was wounded in an assassination attempt during his Pennsylvania rally

    Trump, with blood on his face, raises his fist triumphantly during a rally.
    Trump appeared to be bleeding from the ear when he was escorted off stage following loud pops that rang out during a rally in Pennsylvania.

    • Former President Donald Trump was wounded at a rally Saturday in what is being investigated as an assassination attempt.
    • Trump was seen with blood on his face as he clutched his ear in front of the screaming crowd.
    • Trump was whisked to safety by the Secret Service. President Joe Biden later spoke with the ex-president.

    Former President Donald Trump was wounded during a Saturday campaign rally in Pennsylvania, in an incident that is being investigated as an attempted assassination.

    Trump was speaking to supporters at the Butler, Pennsylvania, rally when gunshots rang out at his rally, and he was subsequently seen with blood on his face. He was then seen defiantly raising his fist before being whisked off stage by Secret Service agents.

    The Secret Service said in a statement that a suspected shooter opened fire toward the stage from an "elevated position" outside the venue where Trump was holding his rally.

    A representative for the FBI confirmed to Business Insider early on Sunday that the shooting suspect is Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania.

    Kevin Rojek, a spokesperson for the FBI, in a press briefing shortly after midnight on Sunday morning, said the agency had deemed the incident an attempted assassination of the former president.

    A bystander at the rally died in the shooting, the Secret Service said, while two others were critically injured. The Secret Service said its agents killed the gunman.

    The victim killed at the rally was identified as Corey Comperatore, a 50-year-old former fire chief of the Buffalo Township Volunteer Fire Company in Pennsylvania.

    In a Truth Social message posted several hours after the shooting, Trump thanked the Secret Service "and all of Law Enforcement, for their rapid response on the shooting that just took place in Butler, Pennsylvania."

    "Most importantly, I want to extend my condolences to the family of the person at the Rally who was killed, and also to the family of another person that was badly injured. It is incredible that such an act can take place in our Country. Nothing is known at this time about the shooter, who is now dead."

    Trump wrote that he was shot with "a bullet that pierced the upper part of my right ear."

    "I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin," Trump wrote. "Much bleeding took place, so I realized then what was happening. GOD BLESS AMERICA!"

    A Trump spokesperson called the shooting a "heinous act" but said the former president and presumptive GOP nominee was "fine."

    NBC News correspondent Darren Botelho reported security at the event could be heard saying, "The shooter is down," following the incident.

    David McCormick, the Republican nominee for Senate in Pennsylvania, had been seated in the front row of the rally and told Politico it appeared a member of the crowd behind him had been shot.

    "All the sudden shots started to crack, someone behind me appears to have been shot," McCormick told Politico. "There's lots of blood, and then the Secret Service were all over President Trump."

    Politicians from across the ideological spectrum were quick to condemn political violence and wish Trump a speedy recovery.

    Mike Johnson
    House Speaker Mike Johnson is calling for the parties to "turn the temperature down" following the Trump rally shooting in Pennsylvania.

    In a statement issued following the shooting, President Joe Biden said he was "grateful to hear" that Trump is safe and doing well.

    "I'm praying for him and his family and for all those who were at the rally as we await further information," Biden's statement continued. "Jill and I are grateful to the Secret Service for getting him to safety. There's no place for this kind of violence in America. We must unite as one nation to condemn it."

    Biden later addressed the nation, saying the shooting was "sick" and calling on Americans to stop political violence.

    "It's one of the reasons we have to unite this country," Biden said. "We cannot allow for this to be happening. We cannot be like this. We cannot condone this."

    The Biden campaign later said it was pulling down TV ads in the wake of the shooting. The president spoke directly with Trump on Saturday, later adding that he had a "short but good conversation" with the former president.

    Biden is set to address the nation from the Oval Office on Sunday evening.

    House Speaker Mike Johnson of Louisiana vowed in a post on X that the House would probe the "tragic events" that occurred at the rally.

    "The American people deserve to know the truth," Johnson wrote. "We will have Secret Service Director Kimberly Cheatle and other appropriate officials from DHS and the FBI appear for a hearing before our committees ASAP."

    Johnson also weighed in on the shooting during a Sunday appearance on NBC's "Today," denouncing political violence and urging leaders to help "turn the rhetoric down" in the US.

    "We need leaders of all parties, on both sides, to call that out and make sure that happens so that we can go forward and maintain our free society that we all are blessed to have," he said.

    With the Republican National Convention in Milwaukee set to begin this week, the GOP over the past few days had been largely focused on the event as a showcase for their party. Trump so far has not changed his plans regarding his appearances at the convention.

    But the shooting incident threatens to upend an already tumultuous presidential contest with the general election now less than four months away.

    Read the original article on Business Insider