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Hedge Funds Cashing Out Of PepsiCo, Inc. (PEP)
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Stock market news live updates: Stock futures fall as U.S.-China tensions simmer
Stock futures fell Friday morning, extending losses from the regular session Thursday as investors eyed renewed tensions between the U.S. and China.
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Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’
Tesla (TSLA) CEO Elon Musk has now received access to the first of 12 potential stock option awards from his extensive 2018 compensation plan- and thanks to the stock’s recent rally, these shares are now worth a whopping $775M.To receive his stock options, the company’s market cap had to stay at $100B or more on a 30-day and six-month moving average, alongside trailing four-quarter revenue of $20B or EBITDA of $1.5B.Musk can now purchase 1.7M Tesla shares at $350.02 each, or $591M total. Based on Thursday’s closing price, these shares now have a total value of about $775M. Of course, the actual profit Musk makes will depend on whether he exercises the option, and when he decides to sell his shares.Tesla shareholder Richard Tornetta recently sued Tesla’s board, claiming that it breached its fiduciary duty by awarding Musk excessive compensation. The judge ruled in 2019 that the board must now defend Musk’s compensation package, writing: “Plaintiff has well pled, however, that the board level review was not divorced from Musk’s influence.”Indeed, Tesla stock has almost doubled recently, gaining 93% on a year-to-date basis. And according to Wedbush analyst Daniel Ives, the electric vehicle maker is currently ‘turning a corner’ in terms of both demand and production. Although he reiterated his hold rating on the stock, Ives boosted his TSLA price target over 30% to $800- which is now in-line with the stock’s current share price.“While Tesla (and every other auto manufacturer) is navigating this unprecedented COVID-19 environment, the company took a major step forward around fulfilling demand and production concerns with the Fremont artery now up and running after the Musk vs. Alameda County stand-off got resolved,” Ives said.“While 2Q delivery numbers remain in flux due to a host of logistical issues as well as overall lockdown conditions now starting to ease across the US and Europe, it appears underlying demand for Model 3 in China is strong with a solid May and June likely in the cards and clear momentum heading into 2H” the analyst continued.Overall, Tesla scores a cautious Hold consensus from the Street, with analysts concerned the stock has rallied too far, too fast. Indeed the $620 average analyst price target indicates 23% downside potential from current levels. (See Tesla stock analysis on TipRanks).Related News: GM Delays Some Production Shifts At 3 U.S. Truck Plants – Report Tesla Asks China To Build Model 3 Cars With LFP Batteries – Report Fiat Chrysler Shares Decline on Dividend Payout Withdrawal More recent articles from Smarter Analyst: * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential * Salesforce Sinks 3.5% After-Hours As Guidance Slashed * 5G’s Significant Memory Content a Key Growth Driver for Micron, Says 5-Star Analyst
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Edited Transcript of MARK earnings conference call or presentation 28-May-20 9:00pm GMT
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Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential
Cisco Systems (CSCO) has announced its intent to acquire privately held ThousandEyes, Inc. for a reported sum of close to $1B, in a deal that is expected to close before the end of Cisco’s Q1 FY’21.San Francisco-based ThousandEyes is a SaaS-based NPM vendor focused on diagnosing performance issues with applications and underlying network infrastructure (cloud, enterprise, and Internet) using synthetic and user experience monitoring methods. Notably, the company recently announced that its customer contractual commitments surpassed $100M in FY20, growing almost 80% year-over-year.Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.“The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks” cheered Todd Nightingale of Cisco Enterprise Networking and Cloud.Oppenheimer’s Ittai Kidron remarked that he is ‘positive on the acquistion’ and reiterated his CSCO buy rating on May 28, writing “We see a strong synergetic opportunity for Cisco and believe ThousandEyes’ global network could be bundled with and enhance the value proposition of AppDynamics (bundle NPM/APM), SDWAN/branch portfolio (improve route performance/visibility), and ISR router portfolio (extend visibility reach).”The analyst believes ThousandEyes can also add automation capabilities using AI and machine learning longer-term to further reduce customer OpEx.Overall, CSCO scores a cautiously optimistic Moderate Buy analyst consensus, with 11 recent buy ratings offset by 10 hold ratings. Meanwhile the average analyst price target of $47 indicates 4% upside potential lies ahead. Shares are currently trading down 5% year-to-date. (See Cisco stock analysis on TipRanks).Related News: Salesforce Sinks 3.5% After-Hours As Guidance Slashed Microsoft Seeks $2B Stake In India’s Jio Platforms- Report Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings More recent articles from Smarter Analyst: * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Salesforce Sinks 3.5% After-Hours As Guidance Slashed * 5G’s Significant Memory Content a Key Growth Driver for Micron, Says 5-Star Analyst
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The recovery faces two major labor market risks: Morning Brief
Top news and what to watch in the markets on Friday, May 29, 2020.
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Exclusive: Russia’s Rosneft finds extended oil cuts painful – sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday. Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity. “There is no doubt Rosneft will strictly fulfil all obligations under supply contracts with its foreign and Russian counterparties despite output cuts made by the company as a part of OPEC+ deal,” Rosneft CEO Igor Sechin said in a statement on Friday.
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S.Korea seeks to import anti-viral remdesivir as new virus cases emerge
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The best ASX blue chip shares to buy in June
When it comes to maintaining a balanced portfolio, I think having a few blue chip ASX shares is a smart move.
Traditionally, blue chips are companies that are well-known, long-established, and have strong financial positions. In other words, they are not going anywhere any time soon, which makes them safer than average options for investors.
But not all blue chip ASX shares are equal and some are better than others.
Right now, I think three of the best ASX blue chip shares are the ones named below. Here’s why I like them:
REA Group Limited (ASX: REA)
The first blue chip share to consider buying is REA Group. I’m a big fan of the property listings company due to the strength of its business, its leadership position, and its solid long term growth potential. Although times are hard for the company right now, it has still been able to generate earnings growth. I believe this bodes well for when these headwinds ease.
Telstra Corporation Ltd (ASX: TLS)
Another ASX blue chip share to consider buying is Telstra. I think it is a great option right now due to the ongoing success of its T22 strategy. This strategy is cutting costs and putting it in a position to return to growth in the coming years. In the meantime, I’m becoming increasingly confident that the company’s dividend cuts are over. I believe its free cash flows will be sufficient to maintain its 16 cents per share dividend.
Wesfarmers Ltd (ASX: WES)
A final blue chip share to consider is Wesfarmers. I think it is one of Australia’s best blue chip shares and well-positioned to deliver solid earnings and dividend growth over the next decade. This is thanks to the quality and diversity of its portfolio, which includes the likes of Bunnings, Kmart, and several chemicals and industrials businesses. The company also has a hefty cash balance which is likely to be used for acquisitions in the near future.
And here are more top shares which could provide strong long term returns. All five recommendations below look dirt cheap after the crash…
NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….
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One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…
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See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
More reading
- Here’s why it’s vital your ASX shares have a moat
- The TPG share price is up 26.68% in 2020. Too late to invest?
- Are Coles shares a buy after falling 12% in 2 months?
- Brokers name 3 ASX 200 shares to buy right now
- Should you worry about geopolitical events in investing?
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of Wesfarmers Limited. The Motley Fool Australia has recommended REA 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 The best ASX blue chip shares to buy in June appeared first on Motley Fool Australia.
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Here’s why it’s vital your ASX shares have a moat
Do your ASX shares have a moat?
If you’re not familiar with the investing term ‘moat’, it’s one that the great Warren Buffett coined many years ago. It refers to the concept of an intrinsic and protective competitive advantage a company has. In an ideal world, this moat should be wide enough that competitors can’t possibly cross it when they attempt to challenge said company.
What does a moat entail?
Just think of 2 of Buffett’s favourite companies: Coca-Cola and Apple. Coca-Cola is the world’s most iconic cola drink. Its brand dominance is so entrenched that I reckon almost every human being on the planet knows what a ‘Coke’ is.
This enables Coca-Cola to charge more for a drink than its competitors, whilst still being able to maintain its dominant market share. Thus, we can say Coca-Cola has a ‘brand moat’.
Apple operates with a similar level of branding power. It’s able to charge far more than any of its competitors for a computer or a smartphone, safe in the knowledge that people will be willing to fork out semi-exorbitant prices just for the privilege of owning ‘an Apple’.
What about ASX shares?
So how can we apply this concept to S&P/ASX 200 Index (ASX: XJO) shares or the companies in your own portfolio? Well, ask yourself, ‘what makes a consumer buy this product?’ Is it a lack of competition? A powerful brand that helps a company stay above the pack? There are many different kinds of moats, but if a company has one, this is usually a sign that its shares will make a good investment at the right price.
Let’s take Telstra Corporation Ltd (ASX: TLS). Telstra is arguably the most expensive telecom company offering mobile plans in Australia. Yet almost 50% of the market chooses to go with Telstra. That’s probably because Telstra’s mobile network is the fastest and most comprehensive in the country (as its ads keep reminding us).
This is something that Telstra’s competitors can’t easily overcome, hence I would classify Telstra as having a ‘moat’.
It’s a similar story with Transurban Group (ASX: TCL).
Transurban owns and operates a network of toll-roads across the country. If you don’t wish to use one of Transurban’s roads, the only alternative is to find another, longer route around the road which doesn’t attract a toll.
Thus, Transurban doesn’t really have any competitors apart from a free ‘long way round’.
Foolish takeaway
Which companies in your ASX share portfolio would you say have a moat? Moats can protect a business in good times and in bad. And, as Warren Buffett’s track record shows, can also make a company an extremely lucrative investment. So make your next buy a company with a nice moat and your future self will probably thank you!
For some more ASX shares we think are worth looking at through this lens, check out the free report below!
NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
More reading
- The best ASX blue chip shares to buy in June
- The TPG share price is up 26.68% in 2020. Too late to invest?
- Brokers name 3 ASX 200 shares to buy right now
- Should you worry about geopolitical events in investing?
- 3 dirt cheap ASX shares to buy before it is too late
Sebastian Bowen owns shares of Coca-Cola and Telstra Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Apple. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of Transurban Group. The Motley Fool Australia has recommended Apple. 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 it’s vital your ASX shares have a moat appeared first on Motley Fool Australia.
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