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Tesla, Amazon Backer Baillie Gifford Invests $35M In Air Taxi Startup Lilium
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Occidental to Review Mideast Assets in Bid to Cut Debt
(Bloomberg) — Occidental Petroleum Corp. is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.Houston-based Occidental is considering reducing its stakes in oil and natural gas fields in Oman, according to the people, who asked not to be identified because the information is private. Its holdings in the Gulf sultanate could be valued at more than $1 billion, the people said.The company is also open to divesting other assets in the Middle East, though it isn’t formally soliciting interest, the people said. Outside of Oman, it has a presence in the United Arab Emirates and Qatar.Occidental was saddled with about $40 billion of debt after its purchase of Anadarko Petroleum Corp. last year. It has gone from being a steady, diversified producer to a shale-focused driller that has seen its shares fall more than 40% this year. A slump in energy demand worsened Occidental’s financial situation, forcing it in May to cut a quarterly dividend to the lowest level in decades.Failed DealsThe company has been producing in Oman for more than 30 years, according to Occidental’s website. It has operations at the Safah Field and Block 62 in the north of the country and at the Mukhaizna Field in the south.Occidental has a 40% holding in Abu Dhabi National Oil Co.’s Al Hosn project in the United Arab Emirates and a 24.5% interest in Qatar’s North Field, which both rank among the region’s biggest gas reservoirs. It also owns a stake in Dolphin Energy Ltd., which processes gas from the Qatar project and transports it by pipeline to the UAE.No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, the people said. A representative for Occidental declined to comment.Occidental shares extended gains in Monday afternoon trading. They were up 17% to $24.40, the highest in more than three months, at the close in New York.The explorer previously tried in 2014 to raise as much as $8 billion by selling a stake in its Middle Eastern business. At the time, it was in talks to sell a 40% interest in the operations to a consortium of government-backed firms from Oman, Abu Dhabi and Qatar. That attempt fell apart amid political turmoil in the region, Bloomberg News reported at the time.More recent divestment plans were derailed when Total SA abandoned a purchase of Occidental assets in Ghana and Algeria.(Updates with closing share price in seventh paragraph)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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Why you should be buying the dip in ASX gold stocks
ASX gold shares have lost their lustre as fear truly turned into greed on our market.
The S&P/ASX 200 Index (Index:^AXJO) recorded another big jump on Tuesday. The top 200 benchmark recovered by 35% since its bear market low point back in March.
While there are fears that we could be retesting that low come the next profit reporting season in August, I seriously doubt any sell-off will be that bad.
If bullish sentiment is to persist as I suspect, does it mean it’s time to sell ASX gold miners?
Is gold losing its shine?
Gold is seen as a safe haven and it outperforms during times of distress. But it usually lags when the good times return.
The bulls are emboldened by better than expected economic news. Unemployment and the economic contraction from the COVID-19 crisis aren’t as bad as originally forecast.
This explains why gold miners are among the worst performers on the market today. The Evolution Mining Ltd (ASX: EVN) share price, Northern Star Resources Ltd (ASX NST) share price and the Gold Road Resources Ltd (ASX: GOR) share price shed between 5% and 9% each.
Safety first
However, it would be a mistake to go underweight on gold stocks, in my opinion. If anything, this is the perfect time to add to positions for those who have limited exposure to the sector.
This is because my optimism towards gold isn’t hinged on the steepness of the coronavirus curve. There’s a bigger driver for gold, and it’s loose monetary policy.
Make no mistake, this policy will be in place for a long time even as we squash the coronavirus curve.
Record low rates here to stay
For one, Australia cannot wean itself off record low interest rates even as we emerge from the COVID-19 recession.
Record household debt and weak wage growth means any lift in rates could send many to the wall – and that means the RBA’s hands are tied when it comes to lifting the cash rate.
Then there is the problem about government debt as our country will probably need an entire generation to pay off the bills from the large COVID-19 stimulus programs.
Burgeoning government debt
More importantly for gold, the US is in a worst situation. I say worst because the US dollar tends to be negatively correlated to the gold price.
The ballooning US debt will weaken confidence towards the greenback and that will keep the precious metal in investors’ good books.
The US budget deficit is tipped to quadruple in 2020 to nearly US$4 trillion, reported Bloomberg which quoted forecasts by the Committee for a Responsible Federal Budget (CRFB).
Buy the gold dip
This estimate only includes the already announced support packages passed by US congress. There’s talk that US President Donald Trump is planning on adding another US$1 trillion to pull his economy out of the worst recession since the Great Depression.
And he has a great incentive to spend big as he’s facing re-election this November.
The rest of the world is also likely to increase government spending to get their economies growing again, and this will only add to the appeal of the yellow metal.
Gold’s bull run will continue well past the COVID-19 crisis.
3 “Double Down” stocks to ride the bull market higher
Motley Fool resident tech stock expert Dr. Anirban Mahanti has identified three stocks he thinks can ride the bull market even higher, potentially supercharging your wealth in 2020 and beyond.
Doc Mahanti likes them so much he has issued “double down” buy alerts on all three stocks to members of his Motley Fool Extreme Opportunities stock picking service.
* Extreme Opportunities returns as of June 5th 2020
More reading
- Why the CSL share price continues to trail the ASX 200
- The ASX bank dividend recovery may be better than what the market thinks
- ASX 200 jumps 2.4%, unloved shares keep rising
- Top brokers just upgraded these 3 ASX stocks to “buy”
- What 2020 has taught us about investing
Motley Fool contributor Brendon Lau owns shares of Evolution Mining Limited. Connect with me on Twitter @brenlau.
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 Why you should be buying the dip in ASX gold stocks appeared first on Motley Fool Australia.
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Macy’s Spikes 15% After-Hours On New Financing Deal
Shares in Macy’s, Inc. (M) spiked 15% in Monday’s after-hours trading after the company announced the closing on approximately $4.5 billion of new financing.This included its previously announced $1.3 billion of 8.375% senior secured notes, as well as a new $3.15 billion asset-based credit agreement.In addition, the company has amended and substantially reduced the credit commitments of its existing $1.5 billion unsecured credit agreement. Macy’s intends to use the proceeds of the notes offering, along with cash on hand, to repay the outstanding borrowings under the existing $1.5 billion unsecured credit agreement.With the closing of these financings, M now expects to have sufficient liquidity to address the needs of the business, including funding operations and the purchase of new inventory for upcoming seasons, resolving its accrued payables obligations, and repaying upcoming debt maturities in fiscal 2020 and fiscal 2021.“We are pleased with the strong demand from new investors in our notes issuance, which allowed us to tighten pricing and increase the size of the offering” said Jeff Gennette, CEO of Macy’s.“The high quality of our real estate portfolio positioned us well to execute this offering. Additionally, the continued commitment from our bank group allowed us to more than double the size of our existing revolving credit facility” the CEO added.Shares in Macy’s have plunged 44% year-to-date, and analysts have a bearish Moderate Sell consensus on the stock with 3 recent hold ratings and 7 sell ratings. The average analyst price target of $5 also indicates 49% further downside potential from current levels. (See M stock analysis on TipRanks).“We remain Neutral-rated as we continue to favor Kohl’s (KSS) in the department store space, and we expect a highly promotional environment and M’s on-mall presence to weigh on results going forward” wrote Guggenheim analyst Robert Drbul on May 21.Related News: Buckle Down Says Street, As Stitch Fix Sinks 7% Post-Print Zoom (ZM) Is a Winner, but the Stock Is Fairly Valued Here Syracuse Is Said To Be In Talks To Buy Bankrupt J.C. Penney; Shares Leap 55% More recent articles from Smarter Analyst: * Buckle Down Says Street, As Stitch Fix Sinks 7% Post-Print * Brazil’s XP Acquires Majority Stake In Fliper; Shares Spike 12% * Gilead Seeks Europe Remdesivir Approval; Three Analysts Reiterate Bullish Calls * Beyond Meat Pops 22% On Sinodis Food Distribution Partnership In China
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How to become a millionaire before your parents with ASX shares
Do you want to become a millionaire before your parents? You can use ASX shares to do it.
Some younger people still have a long working career ahead of them. They may will be able to quickly accelerate their wealth towards their financial goals. Particularly because of the current difficult coronavirus circumstances.
Why younger people have an advantage with ASX shares
Older people are drawn towards safer assets. Cash, term deposits and property are big holdings of older Aussies. However, the Australian interest rate is now so low you won’t get much of a return from fixed interest assets. Rents are falling across the country for property. Corelogic is starting to report that house prices are falling. Cash and property (including commercial) don’t look great right now.
On the other hand, ASX shares are rising. There are plenty of businesses that may be able to adapt to the new way of doing things in the world. I’ve got my eyes on growth shares like Pushpay Holdings Ltd (ASX: PPH), Bubs Australia Ltd (ASX: BUB), MFF Capital Investments Ltd (ASX: MFF) and Magellan High Conviction Trust (ASX: MHH).
Young people still have many years of earning ahead of them to invest into growth assets like ASX shares. It’s going to be those growing businesses like Xero Limited (ASX: XRO), Altium Limited (ASX: ALU) and City Chic Collective Ltd (ASX: CCX) which could keep taking market share away from competitors with their focused business plans.
If you can invest $1,500 a month into ASX shares then it would only take 19 years to reach $1 million if your money was growing at 10% per annum, which is the historical return of the Australian share market. Don’t forget – superannuation counts towards building your wealth. Younger people have the opportunity to save hard whilst options to spend money are restricted. It’s not easy to ‘get ahead’ but you need to do things differently to many people to reach a net worth of $1 million.
If you want to make returns of more than 10% per annum then you’ll have to find some of the best ASX growth shares like these ones…
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One is a diversified conglomerate trading over 30% 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.
As of 2/6/2020
More reading
- Why I would buy Afterpay and these exciting ASX tech shares
- NIB Holdings and 1 other ASX share which I would consider buying for growth and income
- Why CSL, Elders, Evolution, & Xero shares are dropping lower
- Where to invest $20,000 into ASX shares immediately
- ASX shares could be the best way to grow your wealth in 2020
Tristan Harrison owns shares of Altium and Magellan Flagship Fund Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Altium, PUSHPAY FPO NZX, and Xero. The Motley Fool Australia owns shares of and has recommended BUBS AUST FPO. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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 the CSL share price continues to trail the ASX 200
What’s going on with the CSL Limited (ASX: CSL) share price?
The S&P/ASX 200 Index (ASX: XJO) has had another phenomenal day. By the market’s close, the ASX 200 was up 2.24% to 6,144.9 points, decisively breaking through the 6,000-point mark that it flirted with last week.
Most ASX blue chip shares performed strongly today. The ASX banks surged, as did Woolworths Group Ltd (ASX: WOW), BHP Group Ltd (ASX: BHP) and Telstra Corporation Ltd (ASX: TLS).
But something’s missing here – CSL.
That’s right, as the ASX 200 rallied, CSL has been left in the dust. By the end of the day, CSL shares were down 2.39% to $278.50. As the largest ASX company, CSL has the heaviest weighting on the ASX 200 index. And as such, this underperformance sticks out like a sore thumb.
So what’s happening?
CSL share price continues to underperform
Two weeks ago, I wrote about how CSL shares were lagging the market. Since then, CSL shares have fallen another ~6%, while the ASX 200 has rallied over 9%.
Not even the news that CSL has made a new acquisition today could get investors on side.
But I think an examination of what’s really been going on with CSL shares this year can shed some light.
Below, we have a graph of the ASX 200 index – represented here by the iShares Core S&P/ASX 200 ETF (ASX: IOZ) over the past 6 months.
IOZ 6-month chart and price data | Source: fool.com.au
And here we have a graph of the CSL share price over the same period:
CSL Limited 6-month chart and price data | Source: fool.com.au
As you can see, the CSL share price was something of a safe haven for ASX investors over March and April. Between 20 February and 23 March, the ASX 200 index fell over 36%. By contrast, the CSL share price ‘only’ fell by around 16% over the same period.
What’s next for CSL?
You might be thinking it’s a great time to buy CSL shares today. And if you’re an ultra long-term investor, I would back you up. Before the coronavirus pandemic, CSL shares were perennially at all-time highs. Investors seemed to see any hint of a dip as a chance to ‘pick up a bargain’. And this strategy worked well.
But today, I think the market is starting to realise that even great companies like CSL can’t be priced at ‘growth company’ levels forever. CSL is a behemoth now with a market capitalisation over $125 billion. I do still think CSL has a lot of growth in its future but, with a price-to-earnings ratio of 45, I don’t think it has the ability to bang out the high levels of growth the market seems to think is still possible.
As such, I wouldn’t be surprised if the CSL share price continues to underperform the ASX 200 going forward.
That’s why I’m looking at these ASX shares over CSL today!
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Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.
One is a diversified conglomerate trading over 30% 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.
As of 2/6/2020
More reading
- The ASX bank dividend recovery may be better than what the market thinks
- ASX 200 jumps 2.4%, unloved shares keep rising
- Top brokers just upgraded these 3 ASX stocks to “buy”
- Not keen on Westpac? Then buy these top ASX dividend shares instead
- What 2020 has taught us about investing
Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of 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 Why the CSL share price continues to trail the ASX 200 appeared first on Motley Fool Australia.
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The ASX bank dividend recovery may be better than what the market thinks
The recent strong run in ASX bank share prices is a sign that the value trade is finally springing back to life.
For the longest while, it was growth stocks like tech that dominated while value stocks played second fiddle.
Investors are rediscovering their taste for these laggards in the big post COVID-19 rebound!
Zero to hero
Financials were the best performing sector on the S&P/ASX 200 Index (Index:^AXJO) today and over the last five trading days.
The rally was fuelled by the sector heavyweights. These are the Commonwealth Bank of Australia (ASX: CBA) share price, the Westpac Banking Corp (ASX: WBC) share price, the Australia and New Zealand Banking Group (ASX: ANZ) share price and the National Australia Bank Ltd. (ASX: NAB) share price.
Shares in the big four jumped by at least 5% on Tuesday, and despite their recent outperformance, they remain significantly below where they were trading before the coronavirus outbreak.
The same can’t be said for other large cap stocks, and that’s what’s driving the big bank rally, in my view.
Better than feared
What is also helping drive the sector higher is the realisation that the COVID-19 disaster isn’t going to do as much damage to the economy as previously thought.
Treasury is the latest to admit it was too pessimistic as it upgraded Australia’s peak unemployment rate to 8% from 10%, reported Business Insider.
The better-than-Armageddon outlook is one reason why Citigroup released a bullish report on the sector.
Dividends on the comeback
While loan deferments and the government’s stimulus support packages end in September and pose a risk to the economy, the broker thinks the deadline may also be a blessing.
“A ‘Rip the BandAid off’ approach by the banks is set to accelerate mortgage impairments, bringing housing losses to fruition,” said Citi.
“However, an outcome of managing balance sheet risk will be in providing a pathway to dividends being reinstated.”
That will be music to the ears of investors as dividends are the main reason why retail investors buy bank stocks.
Don’t underestimate the dividend recovery
ANZ Bank and Westpac opted to defer paying their interim dividends until the coronavirus dust settled, while NAB took an axe to its latest distribution. CBA reports on a different earnings cycle and will only declare its interim dividend in August.
“We forecast higher than consensus dividend growth out to FY22 on milder than expected loan loss outcomes,” added Citi.
“This should see stock prices continue to move higher based on attractiveness of their dividend yields.”
The broker is recommending all the big four banks as a “buy”.
Another to bank on
But it isn’t only our ASX domestic banks that are benefiting from the improving outlook for the broader economy.
The Macquarie Group Ltd (ASX: MQG) share price also made a strong recovery with V-shaped bounce in global markets likely to provide a tailwind to the investment bank’s earnings.
The stock is a “buy” in my book as I think there’s more upside for the Macquarie share price.
NEW: Expert names top dividend stock for 2020 (free report)
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More reading
- Why the CSL share price continues to trail the ASX 200
- ASX 200 jumps 2.4%, unloved shares keep rising
- Top brokers just upgraded these 3 ASX stocks to “buy”
- Not keen on Westpac? Then buy these top ASX dividend shares instead
- What 2020 has taught us about investing
Motley Fool contributor Brendon Lau owns shares of Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, Macquarie Group Limited, National Australia Bank Limited, and Westpac Banking. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post The ASX bank dividend recovery may be better than what the market thinks appeared first on Motley Fool Australia.
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Why I would buy Afterpay and these exciting ASX tech shares
Although the ANZ region’s tech sector is small in comparison to those in the United States, Europe, and China, it isn’t short of quality.
I believe there are a good number of quality tech companies which are worthy of a spot in most portfolios.
Three of my favourites are listed below. Here’s why I like them:
Afterpay Ltd (ASX: APT)
The first ASX tech share to consider buying is Afterpay. I think the payments company could be a fantastic long term investment due to the sizeable market opportunity it has in the ANZ, UK, and United States markets. These markets alone have the potential to drive strong sales growth for a long time to come. But I don’t expect the company to stop there. It is already plotting an expansion into Canada and I wouldn’t be surprised to see it launch in mainland Europe and Asia in the coming years. The latter could be supported by its new substantial shareholder, Tencent Holdings. It is the US$535 billion owner of WeChat.
Nearmap Ltd (ASX: NEA)
Another ASX tech share to look at is Nearmap. It is a leading aerial imagery technology and location data company which also has a sizeable market opportunity. A recent market update reveals that its annualised contract value (ACV) has hit $102 million financial year to date. This means Nearmap is on course to achieve its ACV guidance of $103 million to $107 million in FY 2020. This is still only a fraction of its total addressable market (TAM), which is estimated to be worth $2.9 billion per year. And it is worth noting that this TAM relates to the countries it currently operates in. As with Afterpay, I believe Nearmap could expand into other territories in the future.
Xero Limited (ASX: XRO)
A final tech share to consider buying is Xero. It is a leading cloud-based business and accounting software provider which has been growing at a rapid rate for many years. This has led to the company surpassing 2 million subscriptions for the first time earlier this year. While this may seem like a large number, it still has a long runway for growth over the next decade. Especially given how less than 20% of the global English-speaking target market is believed to be using cloud-based accounting software at present. I expect more businesses to shift to this technology in the coming years, underpinning solid subscription and sales growth.
And here are more exciting shares which could be stars of 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
- Will ASX 200 shares hit a record high in June?
- Why CSL, Elders, Evolution, & Xero shares are dropping lower
- These are the 10 most shorted ASX shares
- 3 quality ASX 200 shares to buy and hold until at least 2030
- ASX shares could be the best way to grow your wealth in 2020
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 AFTERPAY T FPO, Nearmap Ltd., and Xero. The Motley Fool Australia 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.
The post Why I would buy Afterpay and these exciting ASX tech shares appeared first on Motley Fool Australia.
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ASX 200 jumps 2.4%, unloved shares keep rising
The S&P/ASX 200 Index (ASX: XJO) has continued to recover strongly.
Over the weekend New Zealand officially declared itself COVID-19 free. Most Australian states reported no new cases. International share markets performed well on Monday, so it was not surprising to see the ASX do well too.
Unloved shares keep bouncing
Some of the ASX 200 shares to have seen the biggest selloff during the coronavirus crash are among the ones bouncing back the hardest today.
The Credit Corp Group Limited (ASX: CCP) share price jumped 15.7% today.
The Worley Ltd (ASX: WOR) share price increased by 14.6%.
Virgin Money UK Plc (ASX: VUK) saw its share price rise by 14.3%.
The Flight Centre Travel Group Ltd (ASX: FLT) share price soared 13.8% higher.
The Scentre Group (ASX: SCG) share price went up almost 10%.
Wesfarmers Ltd (ASX: WES) retail trading update
The (mostly) retail ASX 200 conglomerate released an impressive trading update today.
In the second half of FY20 to 31 May 2020, Wesfarmers has seen strong growth. Bunnings sales were up 19.2% compared to the prior corresponding period. Officeworks sales were up 27.8%. Catch’s gross transaction value was up 68.7%. Kmart sales were up 4.1%. Only Target has seen a revenue decline in the second half, with sales retreating 1.8%.
Excluding Catch, Wesfarmers’ online sales are up 60% in the financial year to date.
However, whilst sales are up strongly, costs have risen too for the ASX 200 company because of coronavirus restrictions and expenses to ensure safe stores.
CSL Limited (ASX: CSL) share price drops on acquisition
The ASX 200 biotech giant’s share price fell over 2% today after announcing an acquisition. The falling US dollar isn’t helping either.
CSL is exercising its option to acquire biotech company Vitaeris. This company is a clinical-stage biotechnology company focused on the phase III development of a treatment for rejection in solid organ kidney transplant patients.
CSL said the cost of the acquisition is modest and does not materially change the company’s profit expectation for 2020. However, there will be extra R&D expenses in FY21 estimated to be between $30 million to $50 million.
NEW! 5 Cheap Stocks With Massive Upside Potential
Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.
One is a diversified conglomerate trading over 30% 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.
As of 2/6/2020
More reading
- Why the CSL share price continues to trail the ASX 200
- The ASX bank dividend recovery may be better than what the market thinks
- Why Credit Corp and Zip Co shares jumped over 15% higher today
- Top brokers just upgraded these 3 ASX stocks to “buy”
- Not keen on Westpac? Then buy these top ASX dividend shares instead
Tristan Harrison 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 owns shares of Wesfarmers Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and 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.
The post ASX 200 jumps 2.4%, unloved shares keep rising appeared first on Motley Fool Australia.
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