Stock Pick

  • The hottest trade in the stock market faces a huge test this week: Morning Brief

    The hottest trade in the stock market faces a huge test this week: Morning BriefTop news and what to watch in the markets on Monday, July 27, 2020.

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  • China Says Worst of Flooding Still to Come as Situation ‘Severe’

    China Says Worst of Flooding Still to Come as Situation ‘Severe’(Bloomberg) — China warned that the worst of the deluges that have led millions to be evacuated may be yet to come, after a third wave of floods formed in the upper reaches of the Yangtze River on Sunday.“The flood control and flood fighting situation is severe,” China’s water resources ministry said in a statement. “The new peak may appear later.”Authorities ordered the Three Gorges Reservoir to save its water-storing capacity in preparation for more flows, and forecast another three days of torrential rain in the southern region.China’s south has been battered by severe floods after water levels reached records. More than 2 million people have been evacuated this month along the Yangtze River, Asia’s longest, with 142 dead or missing since the flooding began in June. It has also caused over 116 billion yuan ($17 billion) in damages, and impacted more than 2.4 million hectares (6.1 million acres) of crops in July.The Three Gorges Reservoir is expecting water inflows to surge to about 60,000 cubic meters per second by about Tuesday. The reservoir level was at 159.46 meters as of Monday, down from 164.18 meters about a week ago. Its maximum capacity is 175 meters.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Moderna Receives Additional $472 Million from BARDA for COVID-19 Vaccine; Target Price $90

    Moderna Receives Additional $472 Million from BARDA for COVID-19 Vaccine; Target Price $90Moderna Inc said that the U.S. government’s Biomedical Advanced Research and Development Authority (BARDA) has committed an additional $472 million in funding to support scaling up of manufacturing and clinical development of its novel coronavirus vaccine.

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  • ‘McRefugees’ lose restaurant shelter as Hong Kong battles third wave of Covid-19 cases

    ‘McRefugees’ lose restaurant shelter as Hong Kong battles third wave of Covid-19 casesAs Hong Kong struggles to contain a third wave of Covid-19 infections, the government has ordered restaurants to close their dining areas and only offer takeaway services. The measure has forced hundreds of people who sleep overnight at 24-hour McDonald’s branches, so-called McRefugees, out onto the city’s streets.

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  • AstraZeneca bets up to $6 billion on new Daiichi cancer drug

    AstraZeneca bets up to $6 billion on new Daiichi cancer drugLondon-listed AstraZeneca said on Monday it would pay $1 billion upfront to Daiichi in staggered payments for an experimental drug called DS-1062, which belongs to a promising class of therapies called antibody drug conjugates (ADC). AstraZeneca has been bolstering its portfolio of cancer therapies, particularly ADCs, a major area of focus for the company as it also ploughs on with its coronavirus vaccine candidate. “We see significant potential in this antibody drug conjugate in lung as well as in breast and other cancers that commonly express TROP2,” AstraZeneca Chief Executive Pascal Soriot said, referring to a protein found on some cancer cell surfaces.

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  • Protest Chaos Rocks Cities Across U.S.

    Protest Chaos Rocks Cities Across U.S.Tens of thousands of people continued to demonstrate against racism and police tactics in protests across the country that at times turned violent, with shootings in Texas and Colorado and officials declaring “riots” in Portland, Ore., and Seattle. Photo: Marcio Jose Sanchez/Associated Press

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  • Return On Capital Employed Overview: Energy Transfer

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  • Crossing the Melting Arctic

    Crossing the Melting ArcticJul.27 — This year, the Arctic is on track to post the lowest ice coverage on record. That development has concerned scientists, but for companies producing and shipping oil, gas and metals, this is opening a new and shorter sea route from Northern Europe to China. Bloomberg Green’s Laura Millan discusses the developments on “Bloomberg Markets: European Open.”

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  • 5 Value Stocks In The Healthcare Sector

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  • Gold hits record high! Is it too late to buy this gold miners ETF?

    Hand holding gold nugget

    Perhaps the biggest piece of news ASX investors received today was the price of gold reaching a new all-time high. An all-time high price for any asset is normally newsworthy in itself. But for an asset that is thousands of years old and predates every stock exchange on the planet, it’s truly a momentous occasion.

    So this morning, gold breached the US$1,920 an ounce high watermark that we last saw back in 2011 and went on to set a new record high of US$1,944 an ounce. Since gold was asking around US$1,500 an ounce at the start of the year, it has been a great year to own gold or gold-backed assets.

    So, with gold at these new highs, is it too late to invest in gold? Well, before we answer that question, it’s worth noting that there are many different ways to invest in gold. There are physical bullion or gold exchange-traded funds (ETFs) for one. But today, we’re going to be talking gold miners, an increasingly popular way of gaining leveraged exposure to the gold price.

    I say ‘leveraged’ because a gold miner is theoretically leveraged to the gold price. If it costs a gold miner US$1,000 to extract an ounce of gold, and gold is priced at US$1,500 an ounce, then the value of that ounce is only worth US$500 to the miner. But if the gold price rises 33.33% from US$1,500 an ounce to US$2,000 an ounce, the miners’ profitability rises by 100%. So you can see why miners are a popular way to try and profit from rising gold.

    And on the ASX, there’s one major gold miner ETF that has been gaining a lot of attention recently.

    Enter the VanEck Vectors Gold Miners ETF (ASX: GDX)

    This ETF is from investment stalwart VanEck and tracks a basket of (currently) 53 global gold mining companies. It charges a management fee of 0.53% per annum. Some of its top holdings are the internationally-based Newmont Corp, Barrick Gold and the Franco-Nevada Corporation. But ASX-listed Newcrest Mining Limited (ASX: NCM) makes an appearance with a 4.98% weighting as well.

    In the last 12 months, this ETF has delivered an eye-watering return of 46.43%. Over the past 5 years, it boasts a still-respectable annual average return of 18.84%. Of this number, only 0.71% was from dividend distributions, the remaining coming from raw capital appreciation.

    Is this ETF a buy today?

    A buy case for this ETF today rests on one tenet – do you think gold will climb higher from here? Nothing is free in this world, and ASX gold miners are no different. If the gold price rises further from here, it is likely that this ETF will follow suit. However, if it falls, you might be looking at some serious capital losses. Remember, leveraged investments cut both ways.

    So if you’re bullish on gold for the rest of 2020 and beyond, I think this ETF could be a nice avenue to walk down. But it remains a risky investment strategy, and one I would only allocate a small portion of your total portfolio to as a result.

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    Motley Fool contributor Sebastian Bowen owns shares of Newcrest Mining Limited. 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 Gold hits record high! Is it too late to buy this gold miners ETF? appeared first on Motley Fool Australia.

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