Check out zimbabwe's stock market when they decided to start hyper inflation printing. https://imgur.com/xjahMn8
2005 zimbabwe looks like america today https://imgur.com/joFlgSU
I don't care if a loaf of bread ends up costing $5,000,0000,000 usd, im going to make 100,000% gains guaranteed. Who else is going all in?
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The Scentre Group (ASX: SCG) share price has popped today after the Westfield owner gave a market update to investors before the bell this morning.
Scentre shares closed at $2.22 on Friday afternoon, but opened at $2.26 this morning and are sitting at $2.28 at the time of writing – a 3.18% bump.
Well, let’s get the bad news out of the way first: Scentre has officially cancelled its 2020 interim dividend distribution. Here’s how the company justified its move in the ASX release this morning:
“Given the uncertainty regarding the pandemic, its duration, the economic impact and the timing of operating cash flows for the Group, the Group has determined to not pay an interim distribution for the Half Year period ending 30 June 2020. The Group believes that retaining this capital will further strengthen its financial position and ability to continue to deliver long term returns to its securityholders.”
Although this was a move most investors had braced themselves for, it will no doubt still be a painful pill to swallow. Many investors buy into REITs (real estate investment trusts) like Scentre for dividend/distribution income, so the absence of this income from Scentre shares isn’t negligible.
You may have noticed that the Scentre share price has risen substantially today, so the news out of this REIT can’t be all bad. Scentre did also inform the markets that its capital position was healthy with increased liquidity to $3.1 billion, and it has managed to retain its ‘A’ grade credit rating.
The company also told markets that 57% of its retail tenants, representing 70% of the gross lettable area, remain open, with “more retailers scheduled to reopen over the coming weeks”.
Scentre also noted that “as more retailers have reopened, we have seen an increase in customer visitation in recent weeks and most significantly over this last weekend there was double the level of visitations from 5 weekends ago”.
All of these developments point to Scentre recovering once restrictions are lifted across the coming months, and it might not look like the retail apocalypse for the company that many feared a few months ago.
This is reflected in the current Scentre share price, which although is still a long way away from the ~$4 levels we were seeing early in the year, is still far above the $1.35 low we saw in March.
The next few months will still be crucial for this ASX REIT, however, and we shall have to see how this company pulls itself out of the woods when the coronavirus is, at last, behind us.
If you’re looking for a better 2020 dividend share than Scentre, make sure you don’t miss the report 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
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*Returns as of 7/4/20
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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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The Ophir High Conviction Fund (ASX: OPH) released its April report this morning and provided investors with an update on its portfolio and its market view.
Ophir notes that share markets have rebounded very strongly from their March lows.
This is despite the impending release of “the worst economic data the world has seen since the Great Depression” over the next few months. This data will include the “sharpest falls in GDP, the highest unemployment and the largest contraction in corporate earnings in many countries.”
However, the fund manager believes things are very different to the 1930s.
It explained: “Unlike the Great Depression though, it is our opinion that this crisis is likely to be much shorter, though there will likely be some lasting impacts on consumer behaviour.”
The fund manager warned that it is difficult to predict how the market will react to the upcoming economic data. However, as it is a long-term focused investor, it isn’t being put off and remains heavily invested.
Furthermore, it notes that this crisis is “as much about ascertaining what long term changes we might see in consumer buying behaviour as it is about avoiding the immediate losers.”
Which leads us on to Ophir’s portfolio update. The Ophir High Conviction Fund’s investment portfolio returned +12.1% during April.
Key drivers of its return were payments company Afterpay Ltd (ASX: APT), artificial intelligence company Appen Ltd (ASX: APX), and gold miner Evolution Mining Ltd (ASX: EVN).
This was offset slightly by the underperformance of shares such as private health insurer NIB Holdings Limited (ASX: NHF) and medical device company ResMed Inc. (ASX: RMD).
Ophir notes: “Both Resmed and NIB Holdings suffered some payback in April for being two of the only 25 stocks in the ASX300 that went up in March. Both have been significant outperformers since the onset of COVID-19.”
I think Ophir is spot on with its assessment. Over the next few months we are likely to see some horrific economic data, but I remain confident the recovery will be far swifter than the Great Depression.
In light of this, I think investors ought to continue investing in the share market. And particularly companies which are continuing their growth unabated during the pandemic such as Afterpay and Appen.
And these top shares which look dirt cheap after the market crash could be great options for investors right now.
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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 AFTERPAY T FPO and Appen Ltd. The Motley Fool Australia has recommended NIB Holdings Limited and 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.
The post Fund manager thinks investors should look beyond the worst economic data since the Great Depression appeared first on Motley Fool Australia.
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I’m a pretty new investor with relatively low money (less than $2000), and I started out on Robinhood. I’ve heard lots of mixed reviews on it, and while I don’t find it absolutely awful, I’ve been entertaining switching to TD Ameritrade at some point for the increased information and education they offer, combined with things like ThinkorSwim and paper money. My question is, when should that be? Should I just do it immediately, or is there no real point until I start investing more money? Sorry if this is a stupid question, but anything would be appreciated. Thanks!
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source https://www.reddit.com/r/StockMarket/comments/ghgfb8/switching_from_robinhood_to_td/
The S&P/ASX 200 Index (ASX: XJO) is continuing its fine form of recent weeks today and is up 1.24% at the time of writing to 5,457.7 points. Since the lows we saw in March, the ASX 200 has now rallied well over 20%, meaning we are in a new bull market for ASX shares once more.
But one investor not popping the champagne right now is David Pace – co-founder of Greencape Capital.
According to reporting in the Australian Financial Review (AFR), Pace is calling time on the current bullish sentiment defining ASX shares, saying “the days of market gains are numbered, and investors should prepare for another sell-off”.
Calling the performance of the ASX 200 over the past 6 weeks as an “inevitable rally” over the reopening of sections of the Australian economy, Pace is worried about this euphoria wearing off as the “economic reality sets in”.
“I’m not expecting the upswing to continue,” the AFR quotes Pace as stating. “If we are in some form of social distancing for the rest of the year – and it might be as profound as we are currently experiencing – there are parts of the economy that will struggle.”
Mr Pace’s comments should certainly be appreciated in my view. Greencape Capital has long been a successful fund manager on the ASX and Pace is certainly an experienced hand at markets.
However, Pace is not selling everything and walking away. More recently, Greencape is looking to load up on shares that Pace sees as having a high chance of coming out the other side of coronavirus stronger than before: “Our bias is backing better-than-average people in better-than-average businesses”.
Pace names Aristocrat Leisure Limited (ASX: ALL), James Hardie Industries (ASX: JHX) and Sydney Airport Holdings Pty Ltd (ASX: SYD) as top stocks Greencape considers under this label.
However, Pace does dispense a word of caution: “We are cautious not to overdo it. We are wanting to see some proof statements about what the other side looks like”.
“It’s a sea of uncertainty right now and that’s not a wonderful backdrop for putting down money unless you’re getting bargain-basement prices,” he added.
Whether the markets go higher from here or we do see another market crash, I think investors should stick to their strategy regardless. In my view, investing in quality businesses but also keeping some cash on the side is a great playbook you can use to hedge your bets either way.
And if you want some ideas about where we Fools are investing, make sure you check out the report below!
One “All In” ASX Buy Alert, that could be one of our greatest discoveries
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This under-the-radar ASX recommendation is virtually unknown among individual investors, and no wonder.
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Returns as of 6/5/2020
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Motley Fool contributor Sebastian Bowen 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.
The post Is this ASX 200 share market recovery “fool’s gold”? This ASX fundie thinks so appeared first on Motley Fool Australia.
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The S&P/ASX 200 Index (ASX: XJO) has started the week off in sensational form. In afternoon trade the benchmark index is up 1.2%.
While the majority of shares on the index are pushing higher, none have pushed as hard as the Webjet Limited (ASX: WEB) share price on Monday.
The online travel agent’s shares were up as much as 25.5% to $3.68 this morning. When its shares hit that level, they had gained an impressive 36% over the last two trading days.
Investors have been buying Webjet and fellow travel agent Flight Centre Travel Group Ltd (ASX: FLT) (up 9% today) following the announcement of the Federal Government’s 3-step plan to reopening Australia.
While step one will have a small benefit to travel agents, as intra-state travel is being encouraged in some states, the third step is the one which could give them the biggest short term boost.
If Australia avoids a spike in infection rates as restrictions ease, state governments look set to push ahead with the second step in June and then the third step in July.
That third step is likely to include the opening of borders to allow interstate travel once again, which would be a major boost to the local tourism industry.
In addition to this, there’s the potential for a trans-Tasman travel bubble being opened up later this year allowing travel between Australia and New Zealand. This would be another much needed boost for Webjet and its industry peers.
But whether this level of travel will be enough to make Webjet’s operations profitable in the near term is difficult to say. Though, with the company recently raising $346 million via an equity raising and reducing its costs down materially, it looks well-positioned to come out of the crisis in a strong position.
While I think things are looking a lot more positive for Webjet, I feel its shares are deceptively expensive at this point and wouldn’t be in a rush to invest.
Based on FY 2019’s net profit of $60.3 million, Webjet’s shares are changing hands at 20x earnings.
I’m not overly confident Webjet will deliver a profit of that level again until FY 2023. Which begs the question, do you want to pay 20x FY 2023 earnings for Webjet’s shares? I think better value options are available elsewhere on the market.
These five top shares, for example, look dirt cheap after the market crash and could prove to be better options for investors.
NEW! 5 Cheap Stocks With Massive Upside Potential
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One is a diversified conglomerate trading 40% off it’s all time high, all while offering a fully franked dividend yield of over 3%…
Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.
Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.
Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares.
But you will have to hurry because the cheap share prices on offer today might not last for long.
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 Webjet Ltd. 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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DAY AHEAD
There can be no hiding from the awful economic data that is now pouring in from all angles as we move well into the second quarter. Australian jobs, UK Q1 GDP, and US retail sales and inflation numbers will be the next key releases to showcase the virus-inflicted damage. But amid growing optimism about the pandemic easing, the Reserve Bank of New Zealand will likely err on the side of caution at its policy meeting, posing a downside risk for the Kiwi and other commodity dollars.
SENTIMENT
OVERALL SENTIMENT:
US stocks continued to grind higher, while Fed Futures edged away from negative interest rates territory to hover around 0%. With interest rates edging higher, Gold lost some momentum and backed off more than 1% from the highs. USD, however, remained weak against most developed currencies except the JPY. With stock sentiment diverging from the economic reality, it has become a market that requires patience as fundamentals will eventually matter again.
With Australia and New Zealand seemingly doing all the right things to keep the outbreak under control, their currencies are leading the way in this bout of USD weakness. This is likely to continue as food security and optimism on re-opening of economies become key themes going forward.
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The Twitter handle: Daily Market Updates, @ MarketBot32
Hi all I made a Twitter bot that you all might be interested in. It's only been running for a few days! The bot, one hour before the market closes tweets out a list of the four biggest movers up as well as the four biggest movers down of the day, as well as a daily Dow Jones update.
I am open to suggestions on how to improve the bot so if you have any please leave them in the comments thanks!
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The Woolworths Group Ltd (ASX: WOW) share price has fallen 4.40% lower in 2020, but could it be back in the buy zone today?
The Aussie retailer’s shares had a reasonably strong start to the year and hit a new 52-week high of $43.96 in late February. That was the peak for most ASX 200 shares before entering a bear market in February and March.
The Woolworths share price has since fallen 20.95% from that 52-week high to $34.75 per share at the time of writing. Given the S&P/ASX 200 Index (ASX: XJO) is down 18.87% in 2020, the retailer’s shares are still outperforming the market.
While I think that Coles Group Ltd (ASX: COL) shares can outperform Woolworths in 2020, both retailers’ shares could be back in the buy zone. Australia is starting to ease coronavirus restrictions, but I think the supermarkets will still see strong sales in 2020.
That’s good news for shareholders and those looking for strong dividend shares this year. If sales remain steady in Woolworths’ core business, that means the retailer may be able to maintain its 2.97% dividend yield.
While the Woolworths share price may be in the buy zone, it’s not all sunshine and roses. There is still the ailing pubs business, Endeavour Group, that is under the retailer’s ownership.
The hospitality sector has been smashed by recent government restrictions. These measures have forced many to temporarily shut their doors and lay off staff to stay afloat.
Woolworths had flagged a sale of the recently merged pubs business but COVID-19 has thrown those plans into doubt. While this may not materially impact earnings for Woolworths going forward, it could place a question mark over the Woolworths share price valuation.
I think Woolworths will continue to be a strong defensive buy in 2020. With a 2.97% dividend yield and a solid technical environment, the Woolworths share price could be good value, although I still think Coles shares could be a better buy.
If you’re still hunting for income shares in 2020, check out this top ASX dividend pick for the right price today!
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
*Returns as of 7/4/20
More reading
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of 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.
The post Is the Woolworths share price a buy? appeared first on Motley Fool Australia.
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