If you’re looking to invest $1,000 into the share market right now, then there are a lot of quality options to choose from.

Three ASX shares that I think would be smart choices are listed below. Here’s why I like them:

a2 Milk Company Ltd (ASX: A2M)

A2 Milk Company is a New Zealand-based infant formula and fresh milk company. It differentiates itself from the competition by focusing purely on A2-only products. The company claims that these are easier to stomach than regular dairy products. This unique selling point has gone down particularly well in China, where dairy intolerance is high. Strong demand in this key market has underpinned exceptionally strong sales and earnings growth over the last few years. I’m confident that there will be more of the same in the years to come. This could be supported by new product launches and value accretive acquisitions.

REA Group Limited (ASX: REA)

REA Group is the operator of the realestate.com.au website and several international real estate listings websites. Although the local housing market is struggling at the moment because of the pandemic, I’m optimistic that volumes will bounce back strongly in 2021. Especially given forecasts for a rebound in house prices next year. I expect this, combined with its cost cutting and strong pricing power, to lead to solid profit growth in the second half of the current financial year and beyond.

ResMed Inc. (ASX: RMD)

ResMed is a sleep treatment focused medical device company. I believe it can grow its earnings at strong rate over the next decade thanks to its massive market opportunity. Management estimates that there are 936 million people with sleep apnoea globally and over 380 million people who suffer from chronic obstructive pulmonary disease (COPD). Due to the quality of its hardware and software solutions, I expect it to benefit greatly as more and more of these sufferers are diagnosed and seek treatments.

More reading

• Where I’d invest $20,000 into ASX shares right now
• The A2 Milk (ASX:A2M) share price looks great to buy this week
• 3 five-star ASX shares to buy next week
• ASX 200 down 0.2%: Big four banks drop, CIMIC jumps, CSL slides lower
• How vulnerable is the A2 Milk share price amid the trade stoush?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended REA Group Limited and ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Investing $1,000 in these 3 ASX shares could be a very smart move appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/376OSLM

The Codan Limited (ASX: CDA) share price has been on form again on Tuesday and charged higher.

At one stage today the electronic products company’s shares hit a record high of $12.96.

When the Codan share price reached that level, it stretched its year to date gain to a massive 78%.

Why is the Codan share price at a record high?

Investors have been buying Codan shares this year after its very strong performance in FY 2020 and expectations for another strong 12 months ahead.

In August the company released its full year result and revealed a 29% increase in sales to a record of $348 million.

This was driven largely by strong metal detector demand due to a surge in the gold price over the last year after central banks across the world slashed interest rates.

Things were even better on the bottom line thanks to its improving margins. Codan reported a record statutory net profit after tax of $64 million. This was an increase of 40% over the prior corresponding period.

Codan’s free cash flow was also very strong at $78 million, increasing its cash balance to $93 million.

How is FY 2021 going?

Although the company decided against providing guidance for FY 2021, it revealed that the new financial year had started strongly.

It noted that Minelab is expected to benefit from a full year of Vanquish sales and the release of a new gold detector. Whereas Minetec is expected to return to profitability.

Since then, last month the company announced a major new contract win. This contract is with a large African government to supply tactical communications equipment.

Codan advised that the contract has a value in the order of US$10 million and includes the supply of Sentry-HTM radios and accessories. It expects this order to be delivered in the second half of FY 2021.

What’s next?

A further update is likely to be released at its annual general meeting in a couple of weeks. I would suggest investors keep an eye for that.

More reading

• Codan (ASX:CDA) shares hit new all-time high

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Here’s why the Codan (ASX:CDA) share price hit a record high today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2T26NLL

ASX shares have recovered from their September losses as they staged an extraordinary rally this month. It’s not too late to join the party and these three ASX stocks are the latest buy ideas from leading brokers.

The S&P/ASX 200 Index (Index:^AXJO) jumped 1.3% in after lunch trade today, taking its gain since the start of October to around 7%.

Profit miss a buying opportunity

Cashed up bargain hunters might want to put the Orica Ltd (ASX: ORI) share price on their watchlist. Goldman Sachs reiterated its “buy” recommendation on the stock even after management issued a disappointing earnings update.

The explosives maker said its FY20 earnings before interest and tax (EBIT) will be slightly above $600 million. This compares to consensus expectations of $611 million.

“While commentary was fairly limited, ORI’s update points to volumes down 15% in 2H20, at the bottom end of the company’s 10-15% guidance range on the back of developing market COVID impacts,” said the broker.

“The company also delayed FY20 reporting by two weeks to 20 Nov due to SAP integration delays (now fully live).”

But Goldman believes the worst is behind the company and that Orica will return to growth in FY21 and FY22. It also said that this is an attractive entry price to the stock and its 12-month price target on Orica is $20.30 a share.

ASX stock zooming onto the buy list

Another stock to watch is the Bapcor Ltd (ASX: BAP) share price. The stock is a favourite among brokers and Macquarie Group Ltd (ASX: MQG) repeated its “outperform” recommendation on it following management’s quarterly update.

The auto parts company reported a 27% increase in sales for the September quarter when compared to the same time last year. It is expecting a strong first half but did not provide full year guidance due to the unpredictable operating environment.

Macquarie calls the stock a “quality exposure to defensive end markets” and pointed to its attractive valuation.

The BAP share price is trading at around a 14% and 7% discount to the S&P/ASX SMALL ORDINARIES (Index: ^AXSO) on a FY21 and FY22 EV/EBIT basis, respectively.

The broker’s 12-month price target on the stock is $8.50 a share.

Underappreciated asset value

Finally, UBS restated its “buy” call on the CSR Limited (ASX: CSR) share price. This isn’t so much for the potential rebound in construction activity but for the value of its land bank.

CSR sold Horsley Park Stage 3 for $84.3 million. This land parcel is a 8.6-hectare industrial block in Western Sydney and the price was 38% higher than Stage 2.

“CSR’s large land bank in Western Sydney is leveraged to the long term thematic of rising demand for industrial land,” said UBS.

“In addition, the development of Sydney’s second airport at Badgerys Creek further adds to demand.”

While the market is waking up to the value of its land assets, the broker believes the share price is still underappreciated.

UBS’ 12-month price target on the stock is $4.77 a share.

More reading

• 3 ASX 200 growth shares to buy today
• The Unibail (ASX:URW) share price is climbing today. Here’s why.
• ASX 200 up 0.9%: Telstra dividend update, Afterpay & Xero hit record highs
• This ASX share is recession-proof
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Brendon Lau owns shares of Macquarie Group Limited. The Motley Fool Australia owns shares of and has recommended Bapcor and Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Top brokers are urging you to buy these ASX stocks today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2IqcUHB

Stop-loss orders are becoming an increasingly popular mechanism for ASX investors to use in the course of their investing. On the surface, a stop-loss order looks too good to be true. You buy shares, and then issue a stop-loss order to your broker, which tells them to bell those shares if they fall to a certain price. You get to capture all of the potential upside of your investment, while at the same time taking the possibilities of a portfolio-crushing loss off the table. Win-win, right?

Well, personally, I don’t think stop-losses are such a good idea, regardless of how nice they sound. Here are 3 reasons why:

3 reasons I avoid stop-loss orders

You won’t necessarily get the price you want with a stop-loss

Stop-loss orders work by setting a ‘floor price’ for an ASX share. If that floor price is hit at any time, the shares are automatically sold. So say you want to buy Commonwealth Bank of Australia (ASX: CBA) shares today. Right now, these will cost you $69.68 (at the time of writing). Say you bought them at that price, together with a stop-loss order dictating your broker to sell the shares if they dip under $67 – limiting you to a 3.85% loss if things go south.

Well, that’s what you might think happens. But sometimes, the market doesn’t always cooperate with us. In times of extreme selling pressure (like we saw back in March) the proportion of buyers and sellers in the market shifts dramatically. What if the market crashes tomorrow, and no one wants CBA shares at anywhere near $67? If there is indeed a (hypothetical) run on CBA shares, your stop-loss might kick in at $67, with no willing buyers. Your broker will then try and offload the shares at the best price it can, but this could be dramatically lower. You might find your stop-loss ends up selling out at $57 instead of $67. Suddenly your 3.85% loss turns out to be an 18.2% howler. 

Shares usually go up

Most companies’ share prices bounce around all the time. But most, in the end, tend to trend up over time, even though the line isn’t usually nice and smooth. If you buy an ASX share hoping to make money over the long term, why would you want to sell out of it when it has what might well turn out to be a very temporary setback? Look at the Afterpay Ltd (ASX: APT) share price. It’s sitting at a new record high today. But the path to its current level had more ups and downs than a rollercoaster ride. Anyone using a stop-loss on Afterpay would have lost money over the past year. 

Warren Buffett says so

One of legendary investor Warren Buffett’s best-known quotes is something like this: ‘If you don’t plan on holding a company for 10 years, don’t even think about owning it for 10 minutes’. That presumably means ‘don’t use stop-loss orders’, because Warren Buffett’s quote doesn’t have ‘unless the share price drops’ on the end of it. Buffett has held many of his own companies for decades and decades, and through plenty of peaks and troughs. Do you think he uses stop-loss orders for any of those positions? Definitely not. Enough said.

More reading

• Why the Afterpay (ASX:APT) share price has hit a new record high
• Zip and Estrella Resources were among the most traded shares on the ASX last week
• ASX 200 up 0.9%: Telstra dividend update, Afterpay & Xero hit record highs
• Why Afterpay, HUB24, NEXTDC, & Telstra shares are storming higher
• 3 takeaways from the Commonwealth Bank (ASX:CBA) annual general meeting

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 reasons I don’t use stop-loss orders for ASX shares appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3jX30v0

The S&P/ASX 200 Index (ASX: XJO) has today pushed to a four-month high above 6,200 points. The recent strength of the broader market has helped ASX 200 tech shares emerge into new higher ground. Could these two ASX 200 tech shares that have recently hit 52-week highs continue to go higher? 

2 ASX 200 tech shares reaching new highs

1. Data#3 Limited (ASX: DTL) 

The Data#3 share price has been on a tear, marking consistently higher highs and less lows since March. This week, it set another record, all-time high of $7.25, an increase of 85% in just this year alone. Data#3 has had the financial performance to back up its share price run, with FY20 revenues increasing by 14.9% to $1.6 billion. It also achieved record profits, with a 30.5% increase on last year’s earnings per share. 

A highlight for the business was the strengthening of its cloud offerings, further cementing its market leadership position nationally. Public cloud is the fastest growing area of Data#3’s business, and is underpinned predominantly by its strong Microsoft Corporation (NASDAQ: MSFT) vendor partnership. The company’s cloud position generated an incredible 60% growth in revenue, ending the year at $581 million.

Despite these positives, I believe it is really challenging to make a buy case for the Data#3 share price at its current price levels. Personally, I would like to see the share price pullback before considering it as a buyable opportunity. 

2. Xero Limited (ASX: XRO) 

The Xero share price has truly gone parabolic in the past month, smashing its previous and momentous all-time high of $100 to close on Friday at more than $113. The company has since gone on to smash that record again today, reaching a new record high of $117.92 in intraday trading. Xero has not announced any market sensitive announcements since its Waddle acquisition back in August.

I can only speculate that the roaring sentiment for ASX 200 tech shares combined with Xero’s market darling status must be the drivers for its recent share price run. While I love the company and its products, for me, the situation is very similar to that of Data#3. I believe the Xero share price would need a healthy pullback to present investors with a better risk/reward entry point. 

Xero typically reports its half yearly earnings in early November. It’s possible that investors have already priced in much of the good news that the company has to report. As such, if there were to be a consequent sell off following release of Xero’s 1H21 report, this could present a more favourable buying opportunity.

Foolish takeaway

Quality ASX 200 tech shares are rarely found in the bargain bin. Data#3 and Xero are both excellent businesses that have delivered phenomenal share price returns. However, I believe buying in at today’s levels does impose a short-term risk, even if the share prices continue to run higher over the medium to long term. As such, I will be waiting for a pullback as an opportunity to reassess and potentially enter. 

More reading

• ASX 200 up 0.9%: Telstra dividend update, Afterpay & Xero hit record highs
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 Weekly Wrap: Budget, US election sparks 5% surge in ASX shares
• 5 things to watch on the ASX 200 next week
• Why I would invest $10,000 into these fantastic ASX shares today

Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Could these ASX 200 tech shares at 52-week highs go higher?  appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3lG5sq5

It’s been a turnaround day for the NRW Holdings Limited (ASX: NWH) share price. The company announced a new contract award for the Southwest Connex consortium this morning.

The news originally sent the NRW Holdings share price up to an intra-day high of $2.23. However, the company’s shares have since retreated 1.85% lower to $2.12 cents at the time of writing.

Let’s take a look at the company and the details surrounding the new contract.

About NRW Holdings

NRW Holdings is an Australian company that provides diversified services to the resources, civil infrastructure and urban development sectors.

The company has a workforce of more than 7,000 people with 100 active projects. Extensive operations are located in Western Australia, Queensland, South Australia, New South Wales and Victoria.

Alliance contract

NRW Holdings announced that the Southwest Connex consortium has been awarded the alliance contract for the Bunbury Outer Ring Road project. The consortium comprises Acciona, NRW Contracting, Maca Civil, Aecom and Aurecon. NRW Contracting, a subsidiary of NRW Holdings, is a 40% partner in the alliance.

The construction of the Bunbury Outer Ring Road will deliver vital infrastructure. The new works aim to provide a safer and more efficient road system for the south-west of Western Australia.

The expected contract completion date for the project is in 2024.

NRW Holdings’ CEO and managing director, Jules Pemberton, was pleased with the contract win. He said:

I am delighted that following negotiations with Main Roads the consortium has been awarded the contract for the Bunbury Outer Ring Road project. This announcement marks a significant milestone in NRW’s strategic evolution to an Australian Tier 1 contractor status and specifically our desire to build a large delivery capability across the Government Infrastructure works sector.

The recent acquisition of BGC Contracting together with our existing capability in civil construction has both significantly accelerated and enhanced our ability to participate as a large construction partner in public works projects.

NRW Holdings share price history

COVID-19 aside, the company’s share price has performed solidly over the past 4 years. The NRW Holdings share price traded for a little as 4.9 cents in early 2016, and now commands $2.09. This is an increase of more than 4,000% in just a few short years.

This year, the NRW Holdings share has fallen from its all-time high of $3.45 achieved in December 2019. Despite today’s share price fall, the contract win is no doubt a positive announcement for the company.

More reading

• These were the worst performing shares on the ASX 200 last week
• NRW Holdings (ASX:NWH) share price drops 5% on Gascoyne update
• 5 things to watch on the ASX 200 next week

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why is the NRW Holdings (ASX:NWH) share price falling today? appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3nJlvVM

If you’re interested in adding a few blue chip ASX shares to your portfolio, then I think you should look at the ones listed below.

I believe both companies have the potential to generate solid returns for investors over the next decade.

Here’s why I would buy these ASX blue chip shares today:

Cochlear Limited (ASX: COH)

Cochlear is a global leader in implantable hearing devices. I think it would be a great long term option due to its exposure to the ageing populations tailwinds. With the number of over 65s globally expected to rise materially over the next few decades, I expect Cochlear’s sales to grow along with it.

Another reason I like the company is its high level of investment in research and development (R&D). In FY 2020, Cochlear spent $185 million or ~14% of revenue on R&D. This is expected to increase to between $190 million and $195 million in FY 2021 as it focuses on internet-connected devices. I believe this investment will ensure that Cochlear maintains its strong market position for a long time to come and allow it to capture a large slice of the growing market.

Goodman Group (ASX: GMG)

Goodman Group is an integrated commercial and industrial property company. I believe it is well placed for growth over the 2020s thanks to the quality of property portfolio. Goodman’s portfolio comprises strategically located modern, high quality properties in key gateway cities around the world.

These properties have shortened the distance between businesses and consumers and, according to management, has put Goodman’s customers ahead of the market. I believe a real testament to the quality of its portfolio is its tenant base. Among its tenants you will find the likes Amazon, Coles Group Ltd (ASX: COL), DHL, and Walmart. All in all, I expect Goodman to deliver solid earnings and distribution growth over the 2020s. This could make it a great buy and hold option.

More reading

• 2 robust ASX 200 blue chip shares to buy today
• 3 excellent ASX growth shares to invest $3,000 immediately
• 4 high quality ASX blue chip shares to buy right now
• Here’s where you could invest your Woolworths (ASX:WOW) dividends today
• Could industrial REITs be the best ASX shares to buy for dividends?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Cochlear Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why I would buy Cochlear (ASX:COH) and this ASX blue chip share appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2GLt7Xs

Shares in Betmakers Technology Group Ltd (ASX: BET) are trading flat after the company released its quarterly report this morning. The Betmakers share price reached a high of 45 cents in early trade but has since pulled back to 43 cents at the time of writing, the same price at which it closed Monday’s session.

What Betmakers does

Betmakers is a racing data supplier based in Australia. The company is involved in the development and provision of data and analytics products. It also specialises in the production and distribution of racing content.

The info tech company is focused on providing innovative industry and bookmaker solutions to improve industry coverage and the consumer experience. The group’s main revenue channels include Australia, the United Kingdom and the United States.

Quarterly report

Today, the Betmakers share price is trading flat despite a strong quarterly update from the company. Betmakers continued its growth through Q1 FY21 based on strong activity in the Australian market.

One of the highlights from the report was the strong increase in cash receipts, which came in at $3.9 million, 63% above the last quarter. Revenues also increased to $3.9 million, up from $2.7 million last quarter. Furthermore, the strong increase in cash receipts and revenue are expected to continue within the Australian domestic market. Betmakers also noted that it saw strong demand for its managed trading services, content distribution and acquisition tool products.

Betmakers finished the first quarter of the financial year with more than $32.8 million in cash. Impressively, the company also boasts no debt and management is exploring organic and inorganic growth opportunities in Australia and internationally, including in the US market.

What now for the Betmakers share price?

The Betmakers share price has been performing exceptionally this year and is up 207% year to date. This is a huge rise, particularly in comparison with the 6% drop seen in the All Ordinaries Index (ASX: XAO) this year. I believe a large part of the impressive rise in the Betmakers share price is down to its considerable growth in cash receipts, up by 132%.

Betmakers CEO, Todd Buckingham, was pleased with the results, stating:

The impressive growth we are seeing over the past two quarters is a result of the successful development, launch and implementation of our products and services in the Australian market over the past few years.

Furthermore, as mentioned above, Betmakers shareholders have plenty to look forward with a potential US market expansion in store.

More reading

• Insiders have been buying NEXTDC (ASX:NXT) and this ASX share

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Betmakers (ASX:BET) share price flat despite 63% increase in receipts appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Fnh1Tu

S&P/ASX 200 Index (ASX: XJO) shares have been on a mini-tear as of late. Over the month of October so far, the ASX 200 is up around 6.5% and is sitting at a new post-March high today of 6,201 points (at the time of writing). For many value investors out there, this represents a mixed blessing. Sure, ASX 200 shares are going up and making us all a little richer on paper. But the higher share prices climb, the less attractive it is to buy more. It’s the classic investing ‘double-edged sword’. 

But luckily for those investors, a rising tide rarely lifts every boat on the ASX. So here are two ASX shares that I still think are looking dirt-cheap today

2 ASX shares looking dirt-cheap today

South32 Ltd (ASX: S32)

South32 is a mining company that used to be a part of BHP Group Ltd (ASX: BHP). That is until it was spun-off back in 2015.

South32 holds the mining operations of the ‘old BHP’ that are outside the four ‘pillar commodities’ of coal, iron ore, copper and oil which BHP focuses on today. As such, it holds a range of commodity projects, which include everything from aluminium and lead to silver and nickel. This gives South32 a nicely diversified asset base in my view.

South32 shares are not expensive today. In fact, I would call them dirt cheap at the current share price (at the time of writing) of $2.15. Although South32 has recovered from the $1.58 levels it plumbed during March, it’s still well below the $4.20-ish prices it was commanding just two years ago. Thus, I think this company is pretty cheap today and would make a good long-term investment in a diversified dividend portfolio.

BetaShares FTSE 100 ETF (ASX: F100)

This exchange-traded fund (ETF) is another ASX share that I think is looking dirt-cheap today. F100 is an ETF that tracks the 100 largest companies listed on the London Stock Exchange. The United Kingdom is not a country that features heavily in most ASX investors’ portfolios. And yet it houses many top-tier global companies. You’ll find pharma giants AstraZeneca plc (LSE: AZN) and GlaxoSmithKline plc (LSE: GSK) here, as well as HSBC Holdings plc (LES: HSBA), sin stocks British American Tobacco plc (LSE: BATS) and Diageo plc (LSE: DGE), and household essentials king Unilever plc (LSE: ULVR) among its top holdings. These are all companies that you won’t find likenesses of on the ASX, which lends some great diversification in my view. 

I believe this ETF is looking very cheap at the moment. Its 52-week range stands at $7.20-$11.50, and yet today, the F100 unit price is asking $8.33. Yes, the UK is currently dealing with a plethora of problems, including the calamitous Brexit process, as well as a nasty second wave of coronavirus infections. Even so, for a long-term investment, I think these can be looked beyond. As such, F100 is a fund I would be very happy to buy shares in today.

More reading

• New Chinese government threat leaves these ASX mining stocks on tenterhooks
• I don’t normally buy ETFs, but I would buy these 2
• I’d buy this ASX share this week
• Where I’d invest $10,000 into ETFs right now
• Why I just bought shares of this ASX ETF

Sebastian Bowen owns shares of Betashares FTSE 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Diageo, GlaxoSmithKline, HSBC Holdings, and Unilever. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 2 ASX shares looking dirt-cheap today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2SLsUWB

On Monday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below.

Here’s why these brokers are bearish on these ASX shares:

Evolution Mining Ltd (ASX: EVN)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $5.00 price target on this gold miner’s shares. This follows the release of Evolution’s quarterly update. Although the company’s production was in line with expectations and its costs were better than predicted, it isn’t enough for a change of rating. It continues to believe its shares are overvalued at the current level. The Evolution share price is trading at $6.13 this afternoon.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Citi have retained their sell rating and 32 cents per share price target on this lithium miner’s shares. Citi notes that Pilbara Minerals delivered shipments in line with its expectations in the September quarter. It also sees the company’s Pilgangoora mine as a key part of the lithium supply chain. However, until it sees a sustained improvement in lithium prices, it will be holding firm with its sell rating. The Pilbara Minerals share price is changing hands for 36 cents on Tuesday.

Platinum Asset Management Ltd (ASX: PTM)

A note out of Goldman Sachs reveals that its analysts have retained their sell rating and $3.45 price target on this fund manager’s shares. This follows the release of Platinum’s latest funds under management update. This update was a bit of a mixed bag for Goldman. It notes that its fund outflows were worse than expected, but its investment returns were ahead of its forecasts. While the latter is a positive, it isn’t enough for a change of rating just yet. The Platinum share price is trading below this price target at $3.26 today.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Pilbara Minerals (ASX:PLS) share price edges higher on operational update
• ASX 200 down 0.1%: CBA’s COVID-19 loan deferrals improve, Link receives takeover approach
• Evolution (ASX:EVN) share price is punching higher. Here’s why.
• Why Evolution, Link, Newcrest, & NEXTDC shares are charging higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Leading brokers name 3 ASX shares to sell today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/30VCI4L