• Logitech sales rise nearly 14% as work from home boosts demand

    Logitech sales rise nearly 14% as work from home boosts demandLogitech, which makes webcams, keyboards, mouses as well as video conferencing devices and software, said its fourth-quarter sales rose to $709.2 million, compared with $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in the quarter that ended in March. For the full year, the company reported a rise of 6.7% in sales, meeting its FY20 outlook for a mid to high single digit percentage rise, while its annual non-GAAP operating income, at $387 million, beat its FY20 target range of $365 million-$375 million.

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  • UBS picks the real ASX winners from the COVID-19 grocery boom

    retail shares

    Images of panicked shoppers rushing into the supermarket chains have helped the sector outperform the S&P/ASX 200 Index (Index:^AXJO) during the COVID-19 pandemic.

    The question investors are facing is what happens as the paranoia dies down and fears of the sky falling eases.

    In other words, are ASX shares in the consumer staples sector about to wake with a bad hangover?

    Structural changes

    The good news is that changes to consumer behaviour is likely to endure even as world gets the coronavirus disaster under control.

    UBS identified three trends that will shape the fortunes of the grocery sector and highlighted the winners and losers from the changes.

    Online boom

    The big shift to online buying is an easy one to pick. Consumers aren’t only using the web to shop for clothes and electronics, but are embracing online grocery deliveries during the lockdown.

    This is unlikely to change post COVID-19. History has shown that once consumers embrace a new channel, they are likely to stick to it as habits are hard to reverse.

    Our two largest supermarkets, Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW), are best placed to benefit from this trend. Competitors Aldi and Metcash Limited (ASX: MTS) aren’t.

    Increasing appetite for eating in

    The second trend is change in eating occasions. UBS believes Aussies will be eating at home more instead of dining out.

    Growing levels of joblessness and closures of restaurants that cannot survive the coronavirus lockdown will keep this trend going over the medium-term, if not longer.

    The broker estimated that every 0.1 times increase in at-home cooking frequency equates to around a 1% increase in grocery sales.

    Bargain products in vouge

    The third trend is the move to value brands. This is again linked to the weakening economy, although UBS thinks premium health products with a clear point of differentiation are well placed to benefit too.

    Based on these three lasting changes to spending habits, the broker believes Woolworths, Coles, A2 Milk Company Ltd (ASX: A2M) will be the winners in the sector.

    On the flipside, Coca-Cola Amatil Ltd (ASX: CCL) will be a loser as its beverages are aimed at the higher end of the market, while grocery distributor Metcash Limited (ASX: MTS) lacks the online component.

    The experts at the Motley Fool have identified other ASX stocks that are likely to outperform in the coronavirus recovery.

    Click on the link below to find out what these shares in their free report.

    5 cheap stocks that could be the biggest winners of the stock market crash

    Investing expert Scott Phillips has just named what he believes are the 5 cheapest and best stocks to buy right now.

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    Motley Fool contributor Brendon Lau has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk, COLESGROUP DEF SET, and Woolworths 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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  • Is ‘buy-and-hold’ the best way to invest in ASX shares?

    buy-and-hold, long term investing

    The phrase ‘buy-and-hold’ is often derided as the most basic form of investing in ASX shares. It’s easy to understand and requires little ongoing effort to execute. For these reasons, it’s sometimes ragged upon.

    But the ‘buy-and-hold’ strategy has many famous spruikers – including the great Warren Buffett. Buffett even once famously said that his favourite time to sell a share is ‘never’.

    So is there merit to this view?

    Benefits of buy-and-hold

    The main reason so many investors find the buy-and-hold strategy a superior one is due to the fact it bypasses the psychological foibles of being human. See, we’re often our own worst enemies when it comes to investing.

    We have a tendency to want to buy more shares if one of our companies goes up in value – and buy even more if it continues to rise.

    Conversely, we also have a nasty habit of pushing the sell button when our companies’ share prices fall – especially during a market crash or other kind of panic.

    Both of these behaviours violate that most basic law of good investing – buy low, sell high.

    And that’s where ‘buy-and-hold’ really helps us out. If you go into investing with a ‘I’ll never sell’ attitude, the likelihood of ‘doing something stupid’ (as Buffett would put it) is far lower.

    Another (far greater) benefit of the buy-and-hold approach comes from the magic of compound interest. The best companies in the world are exceptionally good at taking their profits and reinvesting them at high rates of return for even higher profits down the road. That’s partly how CSL Limited (ASX: CSL) was able to grow so fast over the past two decades.

    If you buy a company like this, and just hold it over a long period of time, you’ll almost certainly be better off than trying to dip in and out.

    Finally, it’s worth noting that buying and selling shares isn’t free. There are transaction fees like brokerage to consider, as well as taxes. Buying-and-holding negates many of these extra burdens – leaving more cash in your pocket at the end of the day.

    Risks of buying-and-holding

    Of course, no strategy is perfect and this one is no different. Buy-and-hold can be great if you’ve found a winner like CSL. But if you pick a lemon and don’t cut your losses, you can end up losing far more capital than if you got out early. Ergo, buy-and-hold only works with winners (and arguably index funds).

    Foolish takeaway

    The buy-and-hold strategy is one that I think has a lot of merit, and one I employ myself to a degree as an investor. However, it’s not an excuse to be apathetic with your shares. Buying-and-holding a company into the ground can be a costly mistake. You still have to make sure your company is ahead of the game and has what it takes to stay ahead!

    And on the topic of buy-and-hold shares, here’s one from our experts.

    One “All In” ASX Buy Alert, that could be one of our greatest discoveries

    Investing expert Scott Phillips has just named what he believes is the #1 Top “Buy Alert” after stumbling upon a little-owned opportunity he believes could be one of the greatest discoveries of his 25 years as a professional investor.

    This under-the-radar ASX recommendation is virtually unknown among individual investors, and no wonder.

    What it offers is an utterly unique strategy to position yourself to potentially profit alongside some of the world’s biggest and most powerful tech companies.

    Potential returns of 1X, 2X and even 3X are all in play. Best of all, you could hold onto this little-known equity for DECADES to come

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    Returns as of 6/5/2020

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    Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. 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 Is ‘buy-and-hold’ the best way to invest in ASX shares? appeared first on Motley Fool Australia.

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  • Global Markets: Asian stocks set to fall on growing second virus wave fears

    Global Markets: Asian stocks set to fall on growing second virus wave fearsAsian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new confirmed cases on Monday, casting doubts over efforts to lower coronavirus-related restrictions across the country as businesses restart and individuals went back to work. Hong Kong’s Hang Seng index futures were down 0.68% while Japan’s Nikkei 225 futures were off 0.1%.

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  • ASX 200 sinks 1.3%: Big four banks drag ASX lower & Altium issues sales warning

    ASX share

    At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is on course to give back Monday’s gains and more. The benchmark index is currently down 1.3% to 5,389.9 points.

    Here’s what has been happening on ASX 200 today:

    Big four banks drag market lower.

    Australia’s big four banks are acting as a major drag on the ASX 200 on Tuesday. All four banks are trading notably lower at lunch, with National Australia Bank Ltd (ASX: NAB) leading the way with a 2.5% decline. The best performer is the Commonwealth Bank of Australia (ASX: CBA) share price with a 1% decline ahead of its third quarter update.

    Altium update.

    The Altium Limited (ASX: ALU) share price has come under pressure on Tuesday after the electronic design software company warned that it could fall short of its aspirational goal of US$200 million in revenue in FY 2020. Altium has blamed the economic and social impacts of the coronavirus lockdowns on this. It expects these tough trading conditions to impact its performance in the final quarter of the financial year. Altium remains committed to achieving its 50,000-subscriber target for the full year.

    Travel shares tumble lower.

    After a couple of days of stellar gains, Australian travel shares have come under pressure and are tumbling lower. The likes of Corporate Travel Management Ltd (ASX: CTD), Flight Centre Travel Group Ltd (ASX: FLT), and Webjet Limited (ASX: WEB) are all down at least 5% at lunch. Investors were buying their shares on Friday and Monday amid hopes the easing of lockdowns would boost their recoveries.

    Best and worst ASX 200 shares.

    The CSR Limited (ASX: CSR) share price is the best performer on the ASX 200 with a gain of almost 9%. Investors have been buying the building products company’s shares after a better than expected full year result. The worst performer has been the Virgin Money UK (ASX: VUK) share price with a 9% decline. Weakness in the banking sector appears to be weighing on the British bank’s shares.

    5 cheap stocks that could be the biggest winners of the stock market crash

    Investing expert Scott Phillips has just named what he believes are the 5 cheapest and best stocks to buy right now. Courtesy of the crashing stock market, these 5 companies are suddenly trading at significant discounts to their recent highs… creating what could be incredible opportunities for bargain-hungry investors. Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares to buy now… before the next stock market rally.

    See the 5 stocks

    Returns as of 7/4/2020

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Flight Centre Travel 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.

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  • These 10 ASX 200 shares have fallen the most over the last year

    The last year has been tough. We’ve had bushfires, floods, and now coronavirus. The S&P/ASX 200 Index (ASX: XJO) is down 14% from this time a year ago.

    We take a look at the 10 ASX 200 shares that have fallen the most over the last 12 months. 

    Southern Cross Media Group Ltd (ASX: SXL)

    Shares in Southern Cross Media Group have fallen 89% over the past year as advertising markets have taken a turn for the worse. The radio broadcaster recently completed a $169 million equity raising. Funds from the raising will be used to reduce debt. 

    Southern Cross cancelled its FY20 interim dividend and has announced no final dividend will be paid. Advertising revenue for the 9 months to 31 March 2020 was down 10% compared to the prior corresponding period. Q4 FY20 and Q1 FY21 advertising revenues are expected to be materially impacted by COVID-19 and be down 30% or more on the prior corresponding periods. 

    Pilbara Minerals Ltd (ASX: PLS)

    Shares in Pilbara Minerals are down 71.6% from this time a year ago. The lithium and tantalum producer has suffered as lithium prices have declined since mid last year. Lithium was trading at above CNY75,000/tonne last year but has since dropped to below CNY45,000/tonne. 

    Pilbara is pursuing a moderated production strategy. The company is focused on matching production and available stocks to customer demand, with a view to minimising investment in working capital. Final tonnes shipped for the March quarter were at the lower end of sales guidance. 

    Flight Centre Travel Group Ltd (ASX: FLT)

    Flight Centre shares have fallen 70.8% over the past year, with the majority of those falls since the coronavirus outbreak. In March 2020, Flight Centre’s total transaction value was just 20-30% of normal levels. The very low revenue environment is expected to continue in the short term. 

    Flight Centre has announced the closure of more than 50% of leisure shops globally, including more than 40% of Australian leisure outlets. 6,000 support and sales staff have been stood down, or in some cases, made redundant. 

    The company undertook a $700 million equity raising last month. Funds will be used to ensure it has the balance sheet flexibility and liquidity to manage through a prolonged period of disruption to the travel industry.  

    Webjet Limited (ASX: WEB)

    Webjet is another victim of the coronavirus pandemic with shares down 70.6% over the past year. The travel company undertook a $346 million equity raising last month to strengthen its balance sheet. Proceeds from the raising are expected to provide for operating costs and capital expenditure through to the end of 2020. 

    A cost reduction program has been implemented to mitigate near term financial impacts. This includes redundancies, a reduction in staff working hours, and a freeze on all non-essential spending. Cash flow savings of around $13 million a month are expected. 

    G8 Education Ltd (ASX: GEM)

    Shares in G8 Education have dropped 65.7% over the past year. G8 Education runs more than 470 early learning centres across Australia. Under the Federal Government’s Early Childhood Education and Care Relief Package, the government will make weekly payments to G8 equivalent to 50% of each centre’s fee levels prior to the impact of COVID-19. 

    G8 Education undertook a $301 million equity raising in April to provide additional liquidity. It will also strengthen the balance sheet to position the company for further growth opportunities during the recovery phase. 

    Unibail-Rodamco-Westfield (ASX: URW)

    Unibail-Rodamco-Westfield shares have fallen 63% since this time last year. The shopping centre operator has suffered due to lockdowns in Europe which have impacted its properties in the region. 

    Lengthened lockdowns mean conventions and exhibitions remain on hold, and foot traffic at shopping centres is down. Many retailers are seeking rent reductions from landlords as coronavirus sees them facing plummeting revenues. Unibail-Rodamco-Westfield may see lower rental revenue from its properties as the crisis continues. 

    oOh!Media Ltd (ASX: OML)

    Shares in oOh!Media are down 62.9% from this time last year. The company has been a victim of weak advertising markets which have been hit hard by coronavirus. oOh!Media operates a network of more than 37,000 billboards in public locations including airports, train stations, bus stops, retail centres, and universities. 

    With public movement slowing due to the spread of coronavirus, oOh!Media’s assets stand to lose out on views. Outdoor advertising is likely to suffer as lower foot traffic means lower audience levels. Additionally, clients have been slowing advertising spend as the economic impacts of the virus take hold. 

    Oil Search Limited (ASX: OSH)

    Oil Search shares have fallen 59.8% over the past year. The oil and gas producer has suffered from declining oil prices which fell from above US$60 a barrel earlier this year to below US$0 recently.

    Oil Search’s March 2020 quarter revenue was down 20% on the December 2019 quarter despite a 5% increase in production. Revenue was impacted by a 13% fall in sales and 20% lower oil prices. 

    Whitehaven Coal Ltd (ASX: WHC)

    Shares in Whitehaven Coal have dropped 58.5% from this time a year ago. The miner recently downgraded its coal sales target for the second time and ruled out investing in mine expansion due to volatile financial markets. 

    Coal sales were down in the March quarter. Equity coal sales declined 19% on the prior corresponding period. Managed coal sales were down 22%. Saleable coal production also fell during the quarter, down 15%.

    Whitehaven has 3 major development projects under consideration which would expand production over the next decade. The company has announced it will not make financial investment decisions on the projects this year due to volatile financial market conditions.  

    Virgin Money UK PLC (ASX: VUK)

    Virgin Money shares are down 58% over the past year. The company offers credit cards, home loans, superannuation and insurance products, including travel insurance. Sales of its travel insurance products have no doubt declined and will remain depressed for the foreseeable future. Investors are likely also concerned about the prospect of rising defaults on Virgin’s credit card and loan offerings. 

    In the meantime, those out of work may need to use their credit cards to meet basic living expenses, with no clear way of meeting repayments. Many of the newly unemployed will also have entered the coronavirus crisis with credit card debt, which they now may struggle to repay. 

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    As of 7/4/2020

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    Motley Fool contributor Kate O’Brien has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and oOh!Media 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 These 10 ASX 200 shares have fallen the most over the last year appeared first on Motley Fool Australia.

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  • Why Altium, ELMO, Suncorp, & Webjet shares are sinking lower

    In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end its winning streak. At the time of writing the benchmark index is down 1.4% to 5,383.6 points.

    Four shares that have fallen more than most today are listed below. Here’s why they are sinking lower:

    The Altium Limited (ASX: ALU) share price is down 4% to $35.32. This morning the electronic design software company warned that it could fall short of its aspirational goal of US$200 million in revenue in FY 2020. This is because economic and social impacts of the coronavirus lockdowns are likely to impact its performance in the final quarter of the financial year. Altium remains committed to achieving its 50,000-subscriber target for the full year.

    The ELMO Software Ltd (ASX: ELO) share price is down 10% to $7.08. This morning the cloud-based human resources and payroll software provider successfully completed its fully underwritten $70 million institutional placement. ELMO raised the funds at $7.00 per new share, representing an 11.5% discount to its last closing price. The proceeds will primarily be used for organic growth initiatives and to fund acquisition opportunities. ELMO will now push ahead with its $20 million share purchase plan.

    The Suncorp Group Ltd (ASX: SUN) share price has tumbled 5% lower to $8.79. The catalyst for this decline may have been a broker note out of Morgan Stanley. In response to its trading update, the broker has retained its underweight rating and cut the price target on its shares to $8.10. It notes that Suncorp is facing a number of headwinds right now.

    The Webjet Limited (ASX: WEB) share price has fallen 7% to $3.25. Today’s decline appears to be down to profit taking after some sensational gains on Friday and Monday. Webjet and other travel shares zoomed higher in response to the government’s plan to reopen Australia.

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    Returns as of 7/4/2020

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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. owns shares of and recommends Elmo Software. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Elmo Software. 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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  • Why CSR, Kogan, Premier Investments, & ResMed shares are storming higher

    share price higher

    In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to give back all of Monday’s strong gains. At the time of writing the benchmark index is down 1.25% to 5,392.4 points.

    Four shares that are not letting that hold them back are listed below. Here’s why they are storming higher:

    The CSR Limited (ASX: CSR) share price has jumped 9.5% to $3.70. Investors have been buying the building products company’s shares after the release of its full year results. Although CSR delivered a 25.8% decline in underlying net profit to $134.8 million, this was better than the market was expecting. Furthermore, the company revealed that trading conditions have remained reasonably steady in the first six weeks of FY 2021.

    The Kogan.com Ltd (ASX: KGN) share price is up 6.5% to $8.90. This follows the release of a business update from the ecommerce company this morning. During the month of April, Kogan’s sales grew by more than 100% compared to the prior corresponding period. Things were even better in respect to profits. Its gross profit grew more than 150% and its adjusted EBITDA increased by more than 200% during the month. This was despite its biggest monthly investment in marketing during the period.

    The Premier Investments Limited (ASX: PMV) share price is up 2% to $15.75 following the release of a business update. According to the release, Premier Investments will reopen the balance of its Australian stores later this week. This will be a positive as its total sales for the six weeks to May 6 were down 74% on the prior corresponding period. The store closures were partially offset by a 99% jump in online sales.

    The ResMed Inc. (ASX: RMD) share price is up 5.5% to $26.14. This follows a strong gain by its NYSE-listed shares during overnight trade. Investors may be betting on the company’s ventilator sales remaining strong for some time to come because of the pandemic and potential second waves.

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    Returns as of 7/4/2020

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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 and has recommended Kogan.com ltd and Premier Investments Limited. The Motley Fool Australia has recommended 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.

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  • Is the Webjet share price a buy right now?

    Corporate travel jet flying into sunset

    Is the Webjet Limited (ASX: WEB) share price a buy? Investors certainly thought so yesterday when it jumped around 20%.

    A bit of the gloss has been taken off as Webjet has fallen back a bit this morning, but it’s still up significantly this week.

    In-fact, the last few weeks have been very good for the Webjet share price, it’s gone up 49% since 22 April 2020.

    So what next for Webjet? It hasn’t really said much since the capital raising at the start of April 2020. The company raised around $350 million which is being used to strengthen the balance sheet due to the travel restrictions that are in place globally due to the coronavirus.

    The capital raising proceeds are expected to be sufficient to provide for the operating costs and capital expenditure through to the end of 2020 even if severe travel restrictions continue. Despite being cashed up, Webjet is working on cost reductions where it can.

    What’s the bull case for the Webjet share price?

    I think there are two key points why the Webjet share price could continue to be a good performer over the rest of 2020.

    The first is that the restrictions are lifting much earlier than expected. Whilst normal travel isn’t on the agenda yet, particularly international travel, the possibility of domestic travel has been brought forward with other restrictions ending. I think that’s very promising that bookings could start again sooner rather than later.

    I believe the second point to consider is how Webjet delivers its service. It’s an online-only offering. It doesn’t rely on a large physical network of travel agent stores to sell services. The online model means it has lower costs and can offer a cheaper service than many of its competitors. This might be very important for cost conscious customers. Webjet’s global earnings and product lines may mean it can perform well when things start returning to normal.

    How much earnings can Webjet generate over the next 12 months? Will it even be profitable? These are obviously important for the Webjet share price. I don’t know the answer to those questions, but it now seems very unlikely that going bust is on the cards.

    Is it a buy today?

    It’s unknowable whether there will be a second wave of infections. Are there lots of Aussies wanting to go on a (domestic) holiday as soon as they can?

    At this share price, Webjet is still priced very cheaply in a scenario where domestic travel rebounds strongly. I think Webjet could be a high-risk, high-reward option today with a multi-year investment time in mind. Restrictions are lifting and that could help Webjet get back to some sort of ‘normal’. 

    Along with Webjet, these top ASX shares could be among the top shares to buy for strong returns in 2020.

    5 cheap stocks that could be the biggest winners of the stock market crash

    Investing expert Scott Phillips has just named what he believes are the 5 cheapest and best stocks to buy right now.

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    Returns as of 7/4/2020

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    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet 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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  • 3 exciting ASX healthcare shares to watch in the 2020s

    Doctor with stethoscope in hand and data graph showing upward trend

    One area of the market that I think is a good place to look for buy and hold options is the small end of the healthcare sector.

    I think here you’ll find a number of companies that have the potential to grow significantly in the future thanks to favourable tailwinds and new technologies.

    Three small cap healthcare shares I am watching closely are listed below. Here’s why I like them:

    Medadvisor Ltd (ASX: MDR)

    The first small cap healthcare share to watch is Medadvisor. It is a growing software systems developer which is addressing gaps in personal medication adherence. The company’s app connects to pharmacy dispensing systems to automatically retrieve medication records and drive an intelligent training, information, and reminder system to ensure correct and reliable medication use. In addition, Medadvisor is also rolling out a medicine delivery service and a telehealth solution.

    Telix Pharmaceuticals Ltd (ASX: TLX)

    Telix Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals or molecularly-targeted radiation. It is developing a portfolio of clinical-stage oncology products that address significant unmet medical need in renal, prostate, and brain cancer. I believe the company has a lot of potential and could prove to be a great long term investment.

    Volpara Health Technologies Ltd (ASX: VHT)

    Volpara is healthcare technology company. It provides software that uses artificial intelligence imaging algorithms to assist with the early detection of breast cancer. It has been a very strong performer in recent years due to the growing popularity of its software with radiologists. And thanks to the quality of the software, recent acquisitions, and its growing North American footprint, I expect the company to deliver further strong growth in FY 2021 and for many years to come.

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    James Mickleboro owns shares of TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of MedAdvisor. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia has recommended MedAdvisor. 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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