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Stimulus Should Keep Boeing Afloat, But This 5-Star Analyst Remains Sidelined
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De Grey share price rising following mine extensions
The De Grey Mining Limited (ASX: DEG) share price is currently up 4.1% following news the company’s Hemi project has grown with its new Aquila extensions. This is good news for the company that has seen a recent slump in its share price thanks to the issue of new shares at prices of 28 cents and lower. The De Grey share price is currently trading at 75 cents.
What Happened?
De Grey announced that the Hemi project scale has grown with the new Aquila extensions. Aquila extensional drilling has continued after promising results were found at Hemi. The mine continues to find high grade mineralisation gold at various depths with gold found as deep as 350 vertical metres below surface. The finds indicate the potential for new gold zones between the Aquila and Brolga sites. Some of the highlights from the release are as follows:
- 39m @ 3.2g/t Au from 180m in HERC097D including 17.6m @ 4.6g/t from 195.7
- 31.8m @ 2.0g/t Au from 180m in HERC094D including 10.3m @ 3.2g/t from 180.4m
- 23m @ 2.0g/t Au from 246m in HERC100D including 0.7m @ 41.4g/t from 246.9m
- 33m @ 1.1g/t Au from 151m in HERC082D
De Grey Technical Director, Andy Beckwith, noted: “Aquila continues to grow as we extend drilling laterally and at depth. Mineralisation remains open in all directions with limits yet to be defined. The new aircore drilling to the west of Aquila has now extended the overall strike potential to 1.6km.”
What now for the De Grey share price?
The De Grey share price has been on a miserable run since it rocketed more than 107% in June. It is now down around 20% in July. However it is still likely to benefit from the rising gold prices, with gold recently flirting with its nine year high. Furthermore, the company is well backed by fund managers like John Forward, who have made impressive returns with the share price rising about 1400% this year.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Azure Minerals share price rockets 24% on acquisition news
- Why De Grey, Openpay, Woodside, & Zip shares are dropping lower
- De Grey Mining share price plunges another 13% lower today
- Why the De Grey share price rocketed more than 107% in June
- De Grey Mining share price plunges 5% despite announcing “excellent” gold recoveries
Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Microsoft Q4 Earnings Preview: Azure Key To Growth
Microsoft Corporation (NASDAQ: MSFT) is poised to report strong fourth-earnings Wednesday, according to tech analysts.Wedbush's Daniel Ives maintained an Outperform rating on Microsoft with a $260 price target, while Jefferies' Brent Thill maintained a Buy rating and raised the price target from $200 to $240.Azure Key To Microsoft's Results: During the June quarter, there was "robust cloud deal activity" around Microsoft's Azure, Ives said in a Monday note.The work from home environment created by COVID-19 is "is further catalyzing more enterprises to make the strategic cloud shift with Microsoft across the board," the analyst said.Some firms are accelerating their partnerships with Microsoft by six to 12 months, he said. "Azure's cloud momentum is still in its early days," and Microsoft "is the core cloud name" in the trend of cloud deployments, Ives said. View more earnings on MSFTThe number of workloads in the cloud could rise from 33% today to 55% by 2022, the analyst said, with work-from-home potentially accelerating the trend by a year. Microsoft could be a major beneficiary, he said. Aside from Azure, the Office 365 transition in the consumer and enterprise segments is providing additional growth tailwinds for Microsoft, according to Wedbush. Microsoft "is one of the best pillars in software," Thill said in a Sunday note.Microsoft will deliver strong fourth-quarter results and Azure will "continue to perform strongly," the analyst said. Jefferies also noted the increased cloud computing shift, and Thill said video games and Microsoft Office are two other potential strength areas.The analyst named three potential pitfalls for Redmond: * High expectations. Microsoft stock has "moved 13% since the day following its last earnings report and is now up close to 29% YTD vs the IGV's 23%," he said. * Risk to the on-premise service business. Guidance and Azure "could mitigate this," Thill said. * Potential noise in coronavirus-impacted segments. They include Search, Dynamics and LinkedIn. Microsoft shares were down 1.35% at $208.75 at the close Tuesday.Latest Ratings for MSFT DateFirmActionFromTo Jul 2020Raymond JamesMaintainsStrong Buy Jul 2020JefferiesMaintainsBuy Jul 2020BarclaysMaintainsOverweight View More Analyst Ratings for MSFT View the Latest Analyst RatingsSee more from Benzinga * 2 Analysts On Why Disney, Roku Are Streaming Stock Alternatives To Netflix * Nvidia Analyst Says AI Is Fueling Data Center Growth * Morgan Stanley Says Edwards Lifesciences Settlement With Abbott An 'Expensive Positive'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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ASX 200 drops 1.1%: Big four banks fall, Resolute rockets, Afterpay tumbles
At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) has given back a good portion of yesterday’s gains. The benchmark index is currently down 1.1% to 6,085.9 points.
Here’s what has been happening on the market today:
Big four banks drop lower.
The big four banks have all dropped lower on Wednesday and are weighing on the ASX 200 index. The worst performer in the group has been the National Australia Bank Ltd (ASX: NAB) share price with a 1% decline. The Commonwealth Bank of Australia (ASX: CBA) share price isn’t far behind with a 0.9% decline.
Resolute impresses.
The Resolute Mining Limited (ASX: RSG) share price is zooming higher today after the release of its second quarter update. For the quarter ending 30 June 2020, Resolute achieved gold production of 107,183 ounces at an all-in sustaining cost (AISC) of US$1,033 an ounce. This puts it on course to achieve its FY 2020 guidance of 430,000 ounces at an AISC of US$980 an ounce. The company also revealed an average realised price of US$1,446 an ounce for the period.
Tech shares come under pressure.
After rocketing higher on Tuesday, the tech sector has run out of steam today. The likes of Afterpay Ltd (ASX: APT) and WiseTech Global Ltd (ASX: WTC) are dropping lower in response to an overnight pullback on the tech-heavy Nasdaq index. At the time of writing the S&P/ASX 200 Information Technology index is down a sizeable 2.4%.
Best and worst ASX 200 shares.
The best performer on the ASX 200 on Wednesday has been the Resolute Mining share price. The gold miner’s shares are leading the way with a 10% gain following its Q2 update. The worst performer on the index has been the Mesoblast limited (ASX: MSB) share price with a 7.5% decline. This appears to be down to profit taking after some strong gains on Tuesday following a positive announcement.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Kanye West – ASX shares for his US presidential campaign
- Why Afterpay, BHP, Cann, & Mesoblast shares are tumbling lower
- Are you ready to invest in ASX shares?
- Should you buy ASX retail shares in July?
- Why Mesoblast might be the best ASX healthcare growth share to own right now
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO and WiseTech Global. 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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Audinate shares in trading halt, capital raising announced
Audinate Group Ltd (ASX: AD8) shares are in a trading halt this morning after the media technology company announced a $40 million equity raising. Funds are earmarked to accelerate growth and strengthen the company’s balance sheet. The additional capital will also provide flexibility to pursue acquisitions that complement Audinate’s medium-term objectives.
What does Audinate do?
Audinate is a leading provider of professional digital audio networking technologies. The company’s Dante platform distributes audio signals over computer networks, with networked digital capability replacing analog cabling. Software based audio-visual (AV) systems are replacing hardware systems, transforming the AV industry. Dante is an ‘AV Application Stack’ comprising software, hardware, and products such as microphones, speakers, and cameras. Audinate’s technology has been used by Sydney Trains, The Super Bowl, and Wembley Stadium.
What are the details of the capital raising?
Audinate is seeking to raise $28 million via a placement to institutional and sophisticated investors at $5.15 per share. This will result in the issue of around 5.4 million new shares representing approximately 8% of Audinate’s existing issued share capital. The placement price of $5.15 represents a 9.5% discount to the last traded price.
A share purchase plan is being offered to raise up to an additional $12 million. Funds will be used to accelerate growth opportunities, strengthen Audinate’s leadership position in the AV industry, and develop its video capabilities. Audinate will increase investment in engineering, R&D capabilities, and business infrastructure as well as accelerating investment in additional video and software products. The funds will also shore up the balance sheet in the uncertain COVID-19 period and provide flexibility to pursue potential M&A opportunities.
How has the Audinate share price been performing?
The Audinate share price dropped to a low of $2.51 in March. It has, however, since gained 127% and was trading at $5.69 before the trading halt was called. Despite the recovery in the Audinate share price since March, it is still well below its 2020 high of $9. Over the 12 months to 30 June, Audinate reported unaudited revenue of US$20.4 million. Cash on hand at 30 June was A$29.3 million.
Audinate CEO, Aidan Williams, commented “Whilst we have faced headwinds associated with COVID-19 and recovery timing is uncertain, our confidence in the strength of our technology and business model remains high. Delivering our medium-term strategic priorities will ensure that Audinate is well placed to benefit from economic recovery as it occurs in our markets around the world.”
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Afterpay and 1 other ASX tech share to buy and hold beyond 2030
- Why Audinate, Breville, Zip Co, & Zoono shares are sinking lower today
- Audinate share price sinks on trading update
- 3 quality ASX shares to buy right now with $3,000
- Are these small cap ASX tech shares future stars?
Kate O’Brien has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AUDINATEGL FPO. The Motley Fool Australia has recommended AUDINATEGL FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Why Afterpay, BHP, Cann, & Mesoblast shares are tumbling lower
The S&P/ASX 200 Index (ASX: XJO) has run out of steam on Wednesday and is dropping lower. In late morning trade the benchmark index is down a sizeable 0.9% to 6,099.5 points.
Four shares that have fallen more than most today are listed below. Here’s why they are tumbling lower:
The Afterpay Ltd (ASX: APT) share price is down 3.5% to $72.44. Investors appear to be taking profit after the payments company’s shares raced higher on Tuesday following a strong day for tech shares. Afterpay isn’t the only tech share tumbling lower today. At the time of writing, the S&P/ASX 200 Information Technology index is down 2.5%.
The BHP Group Ltd (ASX: BHP) share price has fallen 2.5% to $37.81. Investors may be selling the mining giant’s shares today after they were downgraded by analysts at Citi. According to the note, the broker has downgraded BHP’s shares to a neutral rating with a $40.00 price target. Citi appears a little underwhelmed with the company’s production guidance for FY 2021 and has revised its earnings estimates to reflect this.
The Cann Group Ltd (ASX: CAN) share price is down 5% to 62.5 cents. This morning the cannabis company released an update on its share purchase plan. It confirmed that it is seeking to raise up to $10 million at a price of 40 cents per share. This represents a massive discount of 51.2% to the last closing price prior to the announcement of its placement.
The Mesoblast limited (ASX: MSB) share price is down 6.5% to $3.46. This appears to have been driven by profit taking after a strong gain on Tuesday. Investors were buying the biotech company’s shares following the announcement of a review date for its remestemcel-L treatment by the U.S. FDA. The review will assess data supporting Mesoblast’s application for approval for remestemcel-L in the treatment of steroid-refractory acute graft versus host disease in children.
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Are you ready to invest in ASX shares?
- Why Mesoblast might be the best ASX healthcare growth share to own right now
- Are ASX 200 shares overvalued right now?
- 5 things to watch on the ASX 200 on Wednesday
- ASX 200 jumps 2.6% on vaccine hopes and jobkeeper
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Are you ready to invest in ASX shares?
Investing in ASX shares as a first-timer is exciting. You can finally put some hard-earned cash to work and start building your financial future.
ASIC recently reported a noticeable increase in trading from everyday investors like you and me in the March bear market. That’s great news as more people are gaining an interest in the Aussie share market.
However, investing is not for everyone. How, where and when you invest will vary depending on your age, net worth, future plans and many other factors.
Here’s a quick guide to check whether you’re ready to invest in ASX shares in 2020.
Pay off your debts
It’s easy to get ahead of yourself when looking to invest in ASX shares. However, paying off personal and unproductive debt like credit cards or auto loans is often a better use of money.
Credit card interest rates can be in excess of 20% per annum. You’re unlikely to generate that sort of return consistently with ASX shares.
Paying off expensive, interest-accruing debts means less obligations to the banks. This will generally mean less stress and more freedom to invest in ASX shares as you like.
Build up an emergency fund
One thing that people are feeling right now is FOMO. The S&P/ASX 200 Index (ASX: XJO) has climbed around 34% higher since 23 March.
That means many first time investors are worried they’re missing out on potential gains. But as a long-term investor, you don’t want to be forced to sell.
It’s a wise move to build up an emergency fund of 3-12 months worth of living expenses, depending on your circumstances. Having this liquid (i.e. cash) emergency fund means you can invest in ASX shares knowing you can handle the odd unexpected expense.
There’s nothing worse than buying a hot stock like Afterpay Ltd (ASX: APT) and being forced to sell at a bad time because of liquidity issues.
Buy your favourite ASX shares!
Once you’re debt-free and have a decent emergency fund, it’s time to look at the markets.
If you’re a first-timer, I think diversification is key. You want to spread your portfolio risk across a number of ASX shares, to begin with.
That could mean a low cost, diversified exchange-traded fund (ETF) like BetaShares Australia 200 ETF (ASX: A200) could be a good option.
The fund has a management fee of just 0.07% per annum and attempts to track the benchmark index.
If you’re after more concentrated positions, blue-chip shares like BHP Group Ltd (ASX: BHP) or Commonwealth Bank of Australia (ASX: CBA) have historically been portfolio staples.
Foolish takeaway
While it’s easy to get excited as a first-time investor, it’s best to take a step back and breathe.
The share market will still be there in a few months’ time. There will still be good ASX shares to buy.
By paying down your debts and building up an emergency fund, you will be able to confidently invest in your favourite companies knowing that you’re well set up for the future.
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Why Afterpay, BHP, Cann, & Mesoblast shares are tumbling lower
- Should you buy ASX retail shares in July?
- Are ASX 200 shares overvalued right now?
- Is the Brambles share price a hidden buy?
- Is the Tassal share price a potential outperformer?
The post Are you ready to invest in ASX shares? appeared first on Motley Fool Australia.
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Immuron share price falls 27% on registered direct offering
After days of consecutive growth, the Immuron Limited (ASX: IMC) share price is falling today following announcement of its registered direct offering. The share price is currently down 27% (at the time of writing) on the news. However, recent days have seen the Immuron share price on a wild ride, up 249% yesterday before today’s falls. Immuron is an Australian biopharmaceutical company focused on developing and commercialising oral medicine for the prevention and treatment of gut mediated pathogens.
Why is the Immuron share price falling?
The Immuron share price is today falling following the announcement that the company is raising US$20 million through a registered direct offering. The company announced it has entered into agreements with several healthcare-focused institutional investors for their participation in a registered direct offering of 1,066,668 American Depositary Shares (ADSs). Each of these ADSs represents 40 of the company’s ordinary shares. The price of these ADSs is $18.75. This is a premium with the company’s US dual listed cousin Immuron Ltd/S ADR (NASDAQ: IMRN) currently trading at US$14.81. However the large drop in the Immuron share price is no doubt due to the considerable dilution of the share value the offering causes. The offering is set to close around 23 July.
Immuron intends to use the net proceeds from this offering to fund its Research and Development and preclinical and clinical programs. The funding is also being used to support marketing initiatives surrounding the company’s flagship product, Travelan, and provide ongoing working capital.
What now for Immuron?
In recent days there has been plenty of news out of Immuron. On Monday, the Immuron share price shot 11% higher after receiving FDA guidance for its new developmental drug. Subsequently in further exciting news, the Immuron share price rose nearly 250% yesterday as its flagship drugs, Travelan and Protectyn, demonstrated antiviral activity against COVID-19 in laboratory testing. It is not surprising today that we are seeing a pull back in the share price as it becomes heavily diluted. While this may be seen as a negative, it can also be seen as investors having confidence in the company moving forward, investing their money at higher prices.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Immuron share price shoots 90% higher on potential COVID-19 treatment news
- Immuron share price shoots 6% higher after receiving FDA guidance for new drug
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Should you buy ASX retail shares in July?
Data is the key for ASX retail shares in 2020. That’s what I think is the big message after the value of Australia’s retailers surged on Tuesday.
Positive news about coronavirus vaccine candidates pushed the S&P/ASX 200 Index (ASX: XJO) as a whole 2.6% higher on Tuesday.
However, ASX retail shares received a particularly strong boost from the Federal Government’s JobKeeper and JobSeeker extensions.
What’s happening with JobKeeper and JobSeeker?
Prime Minister Scott Morrison announced a range of changes to the existing stimulus programs.
JobKeeper payments will be reduced to $1,200 for full-time workers, down from $1,500 at the moment. That will run until the end of 2020 and then drop to $1,000 per fortnight from January 3.
The part-time worker payment will be reduced from $1,500 to $750 per fortnight after September before dropping to $650 per fortnight in 2021.
The new end date for ‘JobKeeper 2.0’ will be 28 March 2021.
The $550 JobSeeker supplement will be reduced to $250 per fortnight after September. That means total payments will be reduced from $1,115 to $815.
Why is that good news for ASX retail shares?
Yesterday I wrote about the potential impacts of this week’s action-packed spate of economic updates.
I wrote that an extension of JobKeeper and JobSeeker could help boost ASX 200 retail shares like JB Hi-Fi Limited (ASX: JBH) and Super Retail Group Ltd (ASX: SUL) higher.
That proved to be the case on Tuesday, with JB Hi-Fi shares surging 2.0% and Super Retail jumping 3.7%. Shares in retail REIT Scentre Group (ASX: SCG) also rocketed higher on the news, closing up 3.3% at $2.17 per share.
Retail billionaire Solomon Lew shared a similar view according to an article in the Australian Financial Review (AFR).
Mr Lew described ‘JobKeeper 2.0’ as a ‘big shot in the arm for the Australian workforce and broader economy’. Low unemployment is good for sales while the extra cash is helping retail stores continue operations.
Is now a good time to buy?
I think the answer to this really depends on the August earnings season. The JB Hi-Fi share price has climbed 14.2% this year on the back of strong sales. This says to me that investors are already pricing in a strong sales result in 2020.
However, the JobKeeper extension is good for business. That means more cash in the economy and less of a drain on expenditure.
If we see an Aussie retailer like Super Retail outperform with respect to earnings, I think ASX retail shares will finish the year strongly.
Any signs of persistent sales growth or operational streamlining could push ASX retail shares higher in August and September.
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Are you ready to invest in ASX shares?
- Are ASX 200 shares overvalued right now?
- Is the Brambles share price a hidden buy?
- Is the Tassal share price a potential outperformer?
- 5 things to watch on the ASX 200 on Wednesday
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Super Retail Group 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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Where to invest $20,000 into ASX shares right now
At the weekend I looked into how investments of $20,000 in a number of popular ASX shares fared over the last 10 years.
Given the success of these investments, I thought I would now look at a few shares which I feel investors ought to consider investing $20,000 into today for the next decade.
Here why I think these three ASX shares could provide strong returns for investors:
Altium Limited (ASX: ALU)
I think this electronic design software platform provider would be a great place to invest $20,000. I’m a big fan of Altium due to its exposure to the Internet of Things (IoT) boom. The rapidly growing IoT market should drive strong demand for its offering in the future. This is because the majority of these connected devices require software like Altium Designer and Altium 365 during the design process. Management appears confident in its outlook and is aiming for 100,000 subscriptions by FY 2025. This compares to the 50,000 subscriptions it is achieved in FY 2020. Combined with its other growing businesses, such as NEXUS and Octopart, I believe the future is bright for Altium.
Kogan.com Ltd (ASX: KGN)
Another ASX share to consider investing $20,000 into is Kogan. It is a growing ecommerce company and Australia’s version of Amazon. I think it is a great long term option for investors due to the growing popularity of its website and the continued shift to online shopping in the country. Prior to the pandemic, an estimated ~10% of retail spending was being made online in Australia. I expect this number to grow materially over the next decade and underpin strong sales and profit growth for Kogan.
NEXTDC Ltd (ASX: NXT)
A final ASX share for investors to consider investing $20,000 into is NEXTDC. I think the data centre operator’s shares could provide strong returns for investors over the 2020s due to its exposure to the rapidly growing cloud computing market. Thanks to the shift to the cloud, NEXTDC’s world class data centres have been experiencing a material increase in demand for capacity over the last few years. And with more infrastructure expected to shift over in the next decade, I believe it is well-positioned to profit greatly.
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Why Kogan and these popular ASX shares just hit record highs
- 5 things to watch on the ASX 200 on Wednesday
- ASX 200 jumps 2.6% on vaccine hopes and jobkeeper
- These ASX eCommerce shares are riding the online shopping wave
- My top 5 ASX growth shares to buy in FY 2021
James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Altium and Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com 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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