Stock Pick

  • ASX 200 rises again, ASX banks push higher

    ASX 200

    The S&P/ASX 200 Index (ASX:XJO) went higher today to 5,851 points.

    The Reserve Bank of Australia (RBA) continues to be a cautious voice on the economy. But Dr Lowe does see that things are looking better than perhaps was expected compared to a very negative scenario.

    ASX 200 banks continue to push the index higher

    The heavy lifting in the ASX 200 is being done by the banking sector.

    Bendigo and Adelaide Bank Ltd (ASX: BEN) did actually provide its quarterly update today which included a provision for the COVID-19 impacts of $148.3 million.

    The Bendigo Bank share price went up by 4.1% today.

    The rest of the ASX 200 banking sector also had a very solid day, though the ending gains were lower than earlier in the day. Investors are becoming more positive on the banks. 

    The Commonwealth Bank of Australia (ASX: CBA) share price rose by 2.2%.

    Westpac Banking Corp’s (ASX: WBC) share price went up by 4.4%.

    The National Australia Bank Ltd (ASX: NAB) share price climbed 4.75%.

    The Australia and New Zealand Banking Group (ASX: ANZ) share price rose by 4.5%.

    Blackmores Limited (ASX: BKL) returns to trade

    The ASX 200 vitamin business returned to trading on the ASX today after going into a trading halt yesterday to announce a capital raising.

    Blackmores is using the money to strengthen the balance sheet, accelerate Asian growth and pay for an efficiency program.

    The Blackmores share price ended the day higher by 3.25%.

    Nearmap Ltd (ASX: NEA) rockets

    The share price of Nearmap rocketed today. It went up 16.7% as the aerial imaging company gave a trading update.

    The ASX 200 business said that its annualised contract value (ACV) Is now more than $104 million at the current exchange rate between the Australian dollar and the US dollar. Customer churn has also fallen to less than 10% on a rolling 12 month basis.

    The company also announced that it has launched Nearmap AI.

    Finally the company said that thanks to cost cutting measures it is on course to be cash flow breakeven by the end of FY20.

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nearmap 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.

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  • Are ASX bank shares finally back in the buy zone?

    Holding piggy bank in hands, long term shares, shares to buy and hold

    Fuelled by surging ASX bank shares, the S&P/ASX 200 Index (ASX: XJO) has had a truly extraordinary week – and we still have one more day of trading left!

    Since Monday, the ASX 200 has risen from 5,497 points to close today at 5,851.1 points – a swing over 6.5%.

    Driving this, the big four ASX bank shares have taken off this week in a big way.

    Let’s take Commonwealth Bank of Australia (ASX: CBA). It was asking just $58.80 a share on Monday morning. Today, investors were seeking $65.73 a share at market close. That’s a four-day turnaround of almost 12% – as I say, extraordinary stuff.

    It’s an even better story with Australia and New Zealand Banking Group Ltd (ASX: ANZ), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB) shares, all of which are up more than 20% since Monday. You can’t make this stuff up.

    So what’s going on here? And more importantly, are the ASX bank shares a buy today?

    Why ASX bank share prices are raising the roof

    In my view, what’s happening with the ASX bank shares is a pure shift in sentiment towards the economy, rather than anything specific to the banking sector.

    Banks are one of the most economically-reliant companies on the ASX. That means they are usually more profitable when the broader economy is going well, and decidedly less so if the economy is going poorly or is in a recession.

    Ever since the outbreak of the coronavirus pandemic, the market has more or less valued the banks at ‘recession prices’, which explains why the big four ASX banks have seen their market capitalizations smashed in 2020 so far.

    But this sentiment has decisively shifted this week. Why? Well, it’s likely to be a combination of factors. States around the country are increasingly lifting coronavirus-related restrictions and lockdowns, which is bringing thousands of businesses out of hibernation.

    And just today, the Reserve Bank of Australia (RBA) governor Philip Lowe told a Senate hearing that the RBA expects there to be less economic damage than they first feared.

    As you can imagine, these developments have likely contributed to a huge boost in confidence around where the economy is heading in the short- to medium-term.

    Are the ASX bank shares a buy today?

    Even though ASX bank shares are storming higher this week, I’m not too interested myself.

    We still don’t know the extent of the economic damage that will stem from the coronavirus. We still don’t know how badly the banks will be hit for the rest of 2020 and in 2021 and beyond. And we still don’t know when the banks (who have always been known for their dividend payments) will be able to pay dividend cheques anywhere near the levels they used to.

    As such, I think there are better places to put your money today. And if you were really bullish on ASX bank shares, you probably should have been buying last week!

    So instead of the ASX bank shares, why not check out the Foolish dividend pick below!

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

    More reading

    Motley Fool contributor Sebastian Bowen owns shares of National Australia Bank 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.

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  • Jamie Dimon Captures the Stock Market Moment

    Jamie Dimon Captures the Stock Market Moment(Bloomberg Opinion) — Don’t fight the U.S. Federal Reserve — repeat that mantra until it sticks.Jamie Dimon, the boss of JPMorgan Chase & Co., put it well this week. “This wasn’t the bazooka,” he said, referring to Jay Powell’s response to the coronavirus crisis. “The Fed took out the whole military and applied it. Just announcing these programs reduced spreads (the difference between corporate bond yields and their benchmarks) in the market. It’s going to save a lot of small businesses.” In the past month, the equity market’s glass has gone from pretty much empty to at least half full and that’s down to the coordinated fiscal and monetary effort from authorities far and wide. You want some quantitative easing? Please, have some more and take some for the journey home. Even those foot draggers at the European Union are talking about radical fiscal action. We won’t really see a V-shaped economic recovery, but it seems seem like we’ve stopped the L.Nonetheless, this is a recovery based so far on asset-price inflation rather than any economic data. Central bank and government action may have restored financial valuations but real incomes will still suffer dramatically for a long while to come. Unemployment and diminished consumption cannot be magicked away.The stock market is looking even further into the distance than usual to justify its valuations, which is sometimes hard to square away against a constant stream of dire economic statistics and evaporating company earnings. Since QE came to life during the global financial crisis, it has paid for investors to cast aside their usual forward-earnings analysis and focus instead on the rising tide of money. The central banks have learned their post-2008 lessons and have barely put a foot wrong this time. This is having uneven effects, however. The bulk of the stimulus is coming into investment-grade assets because that’s where central banks feel more comfortable. Credit spreads have recovered most in BBB and A-rated bonds. High-yield yield assets improved sharply at first, but this has abated. The spread between the yields on investment-grade debt and those of junk bonds is still nearly double the levels seen in February. Similarly, new debt issuance is motoring again but only for the better-quality names. While U.S. banks such as Citigroup Inc. and Wells Fargo & Co. are returning for the fifth or sixth time this year to replenish capital, the junk sector has been restricted to one-off selective deals — often with eye-watering yields.The change in stock market sentiment isn’t just about QE. The oil price collapse has come and gone and fears of a devastating second wave of Covid-19 are easing. Short-selling bans have quietly been lifted in several European countries too, and some of the recent improvement may be explained by that. The sound of economies cranking back into life can just about be made out over the whirring of the monetary printing presses, allowing even bombed-out old economy stocks to recover, not just the new technology darlings.Notably, some of the recent action has been in high-dividend stocks, which had been forced to skip shareholder payouts at the height of the crisis. Investors had feared that the dividend bans might last several years; now they think it may be a quarter or two. Many investment funds work off a dividend-yield model.Investment managers may be doing the natural thing right now and chasing the rising stock market indexes, but that doesn’t mean they’re brimful of confidence. The Bank of America fund manager survey for May shows extreme bearishness pervades, with only 10% expecting a V-shaped recovery and 68% expecting stock prices to fall. Given the recent positive news on the virus and the gradual ending of lockdowns, the June survey might be different.The fiscal response will determine how the economy recovers over the long term but the monetary triage has worked better than anyone could have expected in those ugly days of March. For that we should be grateful, and for the stock market’s semi-rational exuberance.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. He spent three decades in the banking industry, most recently as chief markets strategist at Haitong Securities in London.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • These ASX healthcare shares could bring your portfolio to life

    blocks spelling health and wealth

    With almost every country in the world experiencing growth in the number and proportion of older people in their population, demand for healthcare services looks set to grow strongly over the next few decades.

    I believe this makes the healthcare sector a great place to make buy and hold investments.

    But which ASX healthcare shares should you buy? Here are two to consider snapping up:

    Pro Medicus Limited (ASX: PME)

    The first ASX healthcare share to consider buying is Pro Medicus. It is a fast-growing provider of a full range of radiology IT software and services to hospitals, imaging centres, and healthcare groups globally. The product which I think has the potential is its Visage 7 platform. It delivers fast, multi-dimensional images streamed via an intelligent thin-client viewer. This makes it vastly superior to cumbersome legacy systems and has a proven return on investment for users.

    Also supporting its growth is the Visage RIS product. It is a comprehensive, enterprise-class, and state-of-the-art radiology information system. It is being used by two of the biggest radiology providers in Australia on long term contracts. Combined with its high margins, I believe these platforms leave Pro Medicus well-positioned to deliver strong earnings growth over the next decade and beyond.

    Ramsay Health Care Limited (ASX: RHC)

    Another ASX healthcare share to consider buying is Ramsay Health Care. It is one of the world’s leading private healthcare companies. Ramsay currently owns and operates a total of 480 facilities across 11 countries. From these facilities it looks after 8.5 million patients each year at present.

    This makes it the market leader in the Australia, France, and Scandinavia markets. Due to its strong market position, I believe Ramsay Health Care will benefit greatly from the increasing demand for healthcare services in the future. This could make it well worth looking beyond the short term headwinds it is facing and focusing on the bigger picture.

    And here are more top shares to consider. 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!….

    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 it’s 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.

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    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended Ramsay Health Care 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.

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  • Nasdaq 100 Futures Drop After Report of Trump Executive Order

    Nasdaq 100 Futures Drop After Report of Trump Executive Order(Bloomberg) — Nasdaq 100 Index futures fell on a report Donald Trump is preparing to sign an executive order that could threaten to penalize Facebook Inc., Google and Twitter Inc. for the way they moderate content on their sites.Contracts for June delivery on the Nasdaq 100 fell as much as 0.8%, before paring losses to 0.1% as of 2:50 p.m. in Tokyo. Trump’s upcoming executive order aims for federal regulators to review a law that spares tech companies from liability for comments and content posted by users, the Washington Post reported. Investor sentiment was also damped by deteriorating U.S.-China ties.“U.S. tech stocks are dropping on profit taking and risk aversion, as they are at the forefront of the U.S.-China cold war,” said Nader Naeimi, the head of dynamic markets at AMP Capital Investors Ltd. in Sydney. In addition, there is news that “Trump is preparing to sign an executive order that could threaten to penalize Facebook, Google and Twitter.”Trump is poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook and other technology giants by having the government narrow liability protections that they enjoy for third parties’ posts, according to a draft of an executive order obtained by Bloomberg. Although Nasdaq 100 futures declined, contracts on other indexes advanced. Futures on the S&P 500 gained 0.2% and those on Dow Jones Industrial Average climbed 0.5%. The underlying S&P 500 climbed to the highest since early March on Wednesday, holding above 3,000 level and its average price for the past 200 days.It’s possible that Nasdaq futures are falling on reports of an executive order, “but the U.S. First Amendment is pretty clear, and the White House has very little reach over corporate behavior,” said Michael McCarthy, chief market strategist at CMC Markets Asia Pacific Pty. “Most traders I speak to see this as a hollow threat.”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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  • Black Cat Syndicate shares rocket 47% after snapping up 2 gold projects from Silver Lake Resources

    stacks of gold coins growing higher

    The Black Cat Syndicate Ltd (ASX: BC8) share price was a standout performer on the ASX today, catching the eye of small-cap ASX investors with an intra-day rise of as much as 46.94%.

    Black Cat shares shot up after being reinstated to official quotation in afternoon trade. Shares eventually simmered down somewhat to close out the day 30.61% higher at 64 cents per share. This brings Black Cat’s current market capitalisation to around $54 million.

    Black Cat Syndicate is a small-cap ASX gold miner. Its primary focus is on advanced exploration and development of the high-grade Bulong Gold Field, which is located 25km east of Kalgoorlie, Western Australia. Bulong is the result of the consolidation of a number of small-scale, high-grade mines and is comprised of around 82 square kilometres of mainly granted tenements, all 100% controlled by Black Cat.

    Why the Black Cat Syndicate share price rocketed today

    On Tuesday morning, Black Cat requested its shares be suspended from official quotation, pending the release of an announcement regarding a potential acquisition.

    That announcement came this afternoon, when Black Cat revealed it had entered a binding agreement to acquire 2 gold projects from Silver Lake Resources Limited (ASX: SLR), subject to the satisfaction of certain conditions.

    The 2 projects are:

    • The Fingals Gold Project which comprises ~64 square kilometres of land and is located 30km south-east of the Bulong Gold Project; and
    • The Rowe’s Find Gold Project which comprises ~41 square kilometres of land and is located 100km east of Bulong.

    Upon completion of the acquisition, Black Cat’s landholding will increase from 168 square kilometres to 233 square kilometres.

    Additionally, Fingals and Rowe’s Find have a combined JORC Mineral Resource Estimate of 5.2 million tonnes at 2.5 grams per tonne (g/t) gold for 425,000 ounces. This is expected to increase Black Cat’s total resources by 145% to 8.7 million tonnes at 2.6 g/t gold for 716,000 ounces.

    Under the terms of the acquisition, Black Cat will pay a non-refundable deposit of $50,000. It will also issue around 8.4 million ordinary shares to Silver Lake, making Silver Lake a substantial shareholder in Black Cat.

    The acquisition is conditional upon the completion of due diligence by Black Cat by 27 June 2020. Subject to the satisfaction of the conditions, the acquisition is expected to be completed in early July 2020.

    Commenting on today’s update, Black Cat’s managing director Gareth Solly said:

    “Fingals and Rowe’s Find have clear synergies to our Bulong Gold Project. The new projects contain 44 tenements of which 28 are Mining Leases with minimal barriers to mining. With this acquisition, we will increase our Resources by 145% to 719,000oz, add high quality exploration targets as well as near term mining opportunities. All this without significantly impacting Black Cat’s cash position.”

    “We will complete due diligence and rank the exploration and mining opportunities accordingly. We also look forward to welcoming Silver Lake as a substantial shareholder upon completion of the Acquisition,” he added.

    5 “Bounce Back” Stocks To Tame The Bear Market (FREE REPORT)

    Master investor Scott Phillips has sifted through the wreckage and identified the 5 stocks he thinks could bounce back the hardest once the coronavirus is contained.

    Given how far some of them have fallen, the upside potential could be enormous.

    The report is called 5 Stocks For Building Wealth after 50, and you can grab a copy for FREE for a limited time only.

    But you will have to hurry — history has shown the market could bounce significantly higher before the virus is contained, meaning the cheap prices on offer today might not last for long.

    See the 5 stocks

    More reading

    Motley Fool contributor Cathryn Goh 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.

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  • American Airlines CEO quells U.S. bankruptcy talk, says demand improving

    American Airlines CEO quells U.S. bankruptcy talk, says demand improvingThe U.S. airline industry is expected to be 10% to 20% smaller in the summer of 2021, Parker said, and its recovery would depend on how passenger demand and revenues evolve. Earlier this month, Boeing Co Chief Executive Dave Calhoun told NBC he thought that a major U.S. carrier could go out of business in the fall, when government payroll aid for airlines will expire.

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  • Top brokers pick the latest ASX shares to buy today

    The bulls are back! The S&P/ASX 200 Index (Index:^AXJO) jumped a further 1.3% on Thursday – pushing the benchmark to a 12 week high.

    We are likely to see more gains in the short-term too despite the market’s 29% gain since it hit a bear market bottom in late March.

    More room for bulls to run

    There are a few reasons for this, including an expected string of positive data from the gradual reopening of the global economy after the COVID-19 shutdown.

    ASX shares certainly aren’t as cheap as they were in recent past, but there’s still value to be found for those who are yet to join in the party.

    Testing positive in a good way

    Testing and certification services provider ALS Ltd (ASX: ALS) is one that makes the cut, according to Morgans.

    The broker reiterated it’s “add” recommendation on the stock after management posted its full year results yesterday.

    “FY20 underlying financials met guidance despite COVID headwinds in Feb-Mar, suggesting Life Sciences [business] was tracking ahead of our expectations,” said the broker.

    “We think the stock can keep running in-line with the re-opening of the global economy, and as it approaches the late July AGM where a critical trading update will be provided.”

    The 6.1 cents a share dividend was also a positive surprise, although that was offset by a $90 million write-down of some underperforming businesses.

    However, Morgans thinks the FY21 outlook for ALS is looking relatively bright considering the uncertainty caused by COVID-19.

    The broker’s target price on the stock is $8.28 a share.

    Strength in numbers

    Meanwhile, JP Morgan reiterated its “overweight” rating on TPG Telecom Ltd (ASX: TPM) today as it believes there is good revenue upside potential for the telco post its merger with Vodafone Australia.

    “There are a variety of revenue synergies that the company can pursue as a result of the merger and all are additive, with some potentially yielding as much as 30% further upside on a standalone basis,” said the broker.

    These opportunities include fixed wireless broadband solution, fixed wireless data offload (used to cover holes in NBN coverage), cross selling NBN to Vodafone customers and cross selling mobile to TPG’s customers.

    “While we currently don’t incorporate any of these opportunities in our estimates, adding them all together yields up to 85% further potential upside to our current DCF valuation,” added JP Morgan.

    The broker’s current price target on the stock is $8.65 a share.

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

    More reading

    Motley Fool contributor Brendon Lau owns shares of TPG Telecom 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.

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  • Another sign the ASX 200 bull run is justified

    There’s another sign that the S&P/ASX 200 Index (ASX: XJO) bull run is justified. The indicator was revealed by shopping centre giant Scentre Group (ASX: SCG).

    What’s the good news?

    The ASX 200 retail landlord released a media update today. Customer visitation at the week ending 24 May 2020 has returned to 80% of what it had been in May the year prior. The coronavirus cloud appears to be lifting. 

    I think that’s impressive. Approximately 80% of stores are open across Australian Westfield Living Centres and 93% of stores are open across New Zealand Westfield Living Centres.

    I imagine more people will want to visit shopping centres once they’re back to 100% open again.

    Obviously seeing that Australia’s infection numbers are very low helps. But Scentre said that the safety and hygiene measures are also helping. Some of those initiatives include signage, PA announcements, availability of hand sanitiser and more frequent cleaning in-centre.

    There are apparently three top things that we’re looking forward to as easing restrictions ease are: going out for a meal, spending time with loved ones and going out shopping. I think that’s obviously that’s good news for Scentre.

    I’m thinking of all of the ASX retailers that sell at Scentre’s locations. Some of the beneficiaries could be Wesfarmers Ltd (ASX: WES), Woolworths Group Ltd (ASX: WOW), Coles Group Limited (ASX: COL), JB Hi-Fi Limited (ASX: JBH), Reject Shop Ltd (ASX: TRS), Lovisa Holdings Ltd (ASX: LOV), Premier Investments Limited (ASX: PMV), Myer Holdings Ltd (ASX: MYR) and so on.

    Is Scentre a buy?

    The Scentre share price is up 65% since 24 March 2020. I’m not sure how much it will keep recovering. There has been a shift to online sales over the past few months. I believe the return of shoppers to shopping centres is a good sign for Scentre, other retail landlords and the wider economy.

    But Scentre wouldn’t be at the top of my share wishlist right now. I’d much rather invest in shares with a long growth runway ahead of them like these ideas…

    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 it’s 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.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET, Wesfarmers Limited, and Woolworths Limited. The Motley Fool Australia has recommended Scentre Group. 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.

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  • 3 ASX blue chip shares to put into your retirement portfolio

    If you’re looking to retire in the coming years, then now might be the time to start thinking about a retirement portfolio.

    But which shares should you buy for it? If I were constructing a retirement portfolio, I would want it to have quality blue chips which pay dividends and have solid growth prospects.

    With that in mind, here are three top options which I think could be part of a retirement portfolio:

    Goodman Group (ASX: GMG)

    I think Goodman Group would be a good option for a retirement portfolio. I believe the integrated commercial and industrial property group is well-positioned for growth over the next decade thanks to the strength of its portfolio. Goodman focuses on high-quality properties in key locations that it believes will deliver sustainable returns for investors. These include logistics and industrial facilities, warehouses, and business parks. One of the key attractions for me is its exposure to the ecommerce market through relationships with Amazon, DHL, and Walmart.

    Sydney Airport Holdings Pty Ltd (ASX: SYD)

    Another share which I would add to a retirement portfolio is Sydney Airport. The airport operator’s shares have fallen heavily this year because of the pandemic. And while its airport is a ghost town right now, it won’t be long until it is full of life again. Domestic tourism looks set to start its recovery in the coming months, with international tourism likely to follow in 2021. I’m optimistic by the end of 2022 the passenger traffic at its airports will be approaching pre-pandemic levels. This should put the company in a position to pay dividends that equate to very generous yields based on today’s share price. As a result, I think it could pay to be patient with this one.

    Wesfarmers Ltd (ASX: WES)

    A final option to consider for a retirement portfolio is this conglomerate. I think the majority of Wesfarmers’ many businesses are well-placed for growth over the next decade. Not least the key Bunnings business which goes from strength to strength. In addition to this, with the company sitting on a mountain of cash, I don’t believe it will be long until it makes some earnings accretive acquisitions. All in all, I believe this leaves Wesfarmers well-positioned to grow its earnings and dividends consistently over the coming years.

    And revealed below are more top shares which could be perfect for a retirement portfolio…

    5 “Bounce Back” Stocks To Tame The Bear Market (FREE REPORT)

    Master investor Scott Phillips has sifted through the wreckage and identified the 5 stocks he thinks could bounce back the hardest once the coronavirus is contained.

    Given how far some of them have fallen, the upside potential could be enormous.

    The report is called 5 Stocks For Building Wealth after 50, and you can grab a copy for FREE for a limited time only.

    But you will have to hurry — history has shown the market could bounce significantly higher before the virus is contained, meaning the cheap prices on offer today might not last for long.

    See the 5 stocks

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers 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.

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