• Is it true that AI won’t take your job — but someone who knows AI will?

    Robot walking on a human arm
    Richard Baldwin said, "AI won't take your job, it's somebody using AI that will take your job."

    • An economist has said, "AI won't take your job, it's somebody using AI that will take your job."
    • AI seems to be a positive for many workers, but some roles are more at risk of replacement.
    • Experts advise skilling up and leaning into soft human skills as AI becomes embedded in work life.

    You may have heard a version of the phrase, "AI won't take your job, it's somebody using AI that will take your job."

    Economist Richard Baldwin said the phrase at the 2023 World Economic Forum's Growth Summit, and variations of it have been mentioned since as people discuss the potential impacts of AI.

    Baldwin told BI he wasn't sure if he coined the phrase, but the message is that AI won't replace humans, but it will give those who embrace it an advantage in the workforce.

    In the 12 months since Baldwin shared his perspective, interest in artificial intelligence has only increased. A recent survey by consulting firm Bain & Company found that 85% of the companies surveyed said adopting AI was a top-five priority.

    As companies ramp up their AI offerings and begin restructuring their workforce, many are revisiting the question of whether AI will be a job killer or an enhancer.

    While it's still the early days of AI, we asked experts to weigh in. Should you be more worried about losing your job to a human using AI or to the AI itself?

    Workers already see the benefit of AI at this stage

    Baldwin said that AI is like a lawn mower or a power drill — it makes your job easier but it doesn't replace the human behind it. Other experts seemed to share a similar mindset that it's not advanced enough to function without direction, and for the most part, it helps people do better at their jobs.

    Jasmine Escalera, a career coach at LiveCareer said incorporating AI can help automate repetitive tasks and "free up time to focus on upskilling."

    Matt Betts, a research and development lead at leadership consulting firm RHR International, says it helps create efficiency so that consultants can focus on more impactful work, like interacting with the client.

    Data has shown a similar trend that AI has helped many workers produce high-quality work in a shorter amount of time.

    One study by MIT and Stanford from 2023 found that access to AI increased productivity by 14% on average, with a 34% impact on new or lower-skilled workers. A Morgan Stanley report indicated that workers with multiple income streams who used generative AI to increase their productivity made 21% more on average than those who didn't.

    AI may also be helping people land jobs. Career service LiveCareer surveyed 1,150 US workers in March and found that 85% of job seekers save time using AI for writing applications and 40% think AI improves their grammar, writing, and vocabulary.

    The loss of some jobs is inevitable

    AI has already redefined a number of roles and even if it doesn't take all jobs, it's bound to replace some.

    IBM used to have 800 people working in HR and now has 60 because it was able to automate repetitive tasks, according to the company's marketing chief.

    Klarna seems to be following a similar trajectory. The company said in a blog post in February that its AI assistant was doing the work of "700 full-time agents" after pumping the brakes on hiring.

    OpenAI CTO Mira Murati also weighed in on the topic at a Dartmouth event on June 8 and turned heads when she said some creative jobs may disappear, but those that could be replaced by AI "shouldn't have been there in the first place."

    Carl Benedikt Frey, a director of future and work at Oxford University, said that transportation and logistics are most likely to see outright automation moving forward. He also said warehousing, manufacturing, receptionists, cashiers, and translators are also roles that are moving toward automation or semi-automation.

    It's a good idea to skill up

    A March Goldman Sachs report found over 300 million jobs around the world could be impacted by AI. But it's impossible to predict how exactly they will change.

    Career coach Escalera said the best path forward is to lean into human soft skills while skilling up and "adopting a mindset of continuous learning." For some who are hiring, AI is becoming a prerequisite.

    Tripadvisor cofounder Steve Kaufer said on "The Logan Bartlett Show" that he asked candidates during interviews if they tried out new AI chatbots. He said software engineers who didn't experiment with AI tools usually didn't get the job.

    "I just don't understand it," Kaufer said. "And I probably don't want to work with that individual."

    CEO of global event company Empire Entertainment, J.B. Miller, said it's an "essential new skill set," especially in an industry that involves improvising. He said it cuts down time and helps with generating ideas for set designs and talent sourcing. He asks all new hires what AI tools they use.

    "There's no world where I could employ somebody who's like, I don't know how to use Excel or I don't know how to navigate the internet or do an internet search or something online like that," Miller said.

    "I think that the same is true of some of these basic, AI tools," he added.

    Read the original article on Business Insider
  • Could these be the best ASX tech ETFs to buy for FY25?

    A woman researcher holds a finger up in happiness as if making the 'number one' sign with a graphic of technological data and an orb emanating from her finger while fellow researchers work in the background.

    The tech sector has been flying over the last 12 months and strong returns have been recorded by investors.

    But don’t worry if you missed out. That’s because many analysts remain very positive on the sector’s outlook.

    So, if you’re looking for exposure to this side of the market in FY 2025, it could be worth considering the exchange-traded funds (ETFs) in this article.

    Here’s what you need to know about these funds:

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    One pocket of the tech sector which is predicted to grow materially in the future is the cybersecurity industry.

    In fact, Betashares notes that “an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth.” This is expected to lead to cybersecurity revenue growing at an annual rate of 10.6% through 2024 to 2028.

    This means that the companies included in the BetaShares Global Cybersecurity ETF could be well-placed to outperform in the coming years.

    The BetaShares Global Cybersecurity ETF is up 26% since this time last year.

    BetaShares Asia Technology Tigers ETF (ASX: ASIA)

    Another ASX tech ETF that could be a great option in FY 2025 is the BetaShares Asia Technology Tigers ETF.

    This popular fund gives investors easy access to the best tech stocks in the Asian region. Though, it excludes Japan.

    Many of these are the Asian region’s equivalents of the West’s biggest and best tech companies. This includes e-commerce giant Alibaba, search engine leader Baidu, iPhone manufacturer Taiwan Semiconductor Manufacturing Company, Temu owner Pinduoduo, and WeChat owner Tencent Holdings.

    Over the past 12 months, the BetaShares Asia Technology Tigers ETF has risen 26%.

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    Possibly saving the best to last. A final option to look at is the BetaShares NASDAQ 100 ETF.

    While this ETF isn’t strictly technology-focused, it is filled to the brim with many of the biggest and best tech companies that the world has to offer. This includes Apple, Nvidia, and Microsoft, to name just three.

    Betashares notes that the Nasdaq 100 has outperformed over the last decade thanks largely to the innovation of the 100 companies included in the fund. The good news is that it expects this trend to continue. The fund manager said:

    In order for companies to innovate and grow in the 21st century, investment in research and development (R&D) is crucial. The largest 15 companies on the Nasdaq are the biggest R&D spenders, allocating an average of 16.9% of their revenues to R&D over the past 12 months. It has been this spending on innovation in areas like enterprise, cloud computing, cybersecurity, and more recently AI that has ultimately led to underlying growth.

    The BetaShares NASDAQ 100 ETF is up almost 30% since this time last year.

    The post Could these be the best ASX tech ETFs to buy for FY25? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Capital Ltd – Asia Technology Tigers Etf right now?

    Before you buy Betashares Capital Ltd – Asia Technology Tigers Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Capital Ltd – Asia Technology Tigers Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Baidu, BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, and Tencent. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alibaba Group and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Apple, Betashares Capital – Asia Technology Tigers Etf, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Bell Potter names the best ASX healthcare stocks to buy in FY25

    a doctor in a white coat makes a heart shape with his hands and holds it over his chest where his heart is placed.

    Looking for exposure to the healthcare sector in FY 2025? If you are, then check out the three ASX shares listed below.

    They have just been tipped as Bell Potter’s top healthcare stocks to buy now:

    Aroa Biosurgery Ltd (ASX: ARX)

    Aroa Biosurgery describes itself as a soft-tissue regeneration company committed to unlocking regenerative healing for everybody.

    Bell Potter is feeling very positive about the company’s outlook and has put a buy rating and 90 cents price target on its shares. It is expecting the ASX healthcare stock’s strong top line growth to continue in FY 2025 and FY 2026. It said:

    In FY24 revenues grew by 75% to NZ$23.3m and we expect a similar growth rate in FY25 and FY26 driven by an expanded user base and data from the Myriad Augmented Soft Tissue Regeneration Registry (MASTRR). ARX also expects to report data from its 120 patient randomised clinical trial in diabetic foot ulcer patients. The trial is investigating the healing properties of the Symphony product. Earlier studies in a very difficult patient population with advanced DFU’s provided highly supportive data on the rate of wound healing.

    Cyclopharm Ltd (ASX: CYC)

    Bell Potter is also bullish on this global radiopharmaceutical company which has a focus on pulmonary care. Especially given its strong balance sheet following a recent capital raising.

    The broker currently has a buy rating and $3.40 price target on the ASX healthcare stock. It said:

    Cyclopharm recently completed a $24m capital raise with funds to provide working capital to support the expanding revenue base in the US. Since receiving FDA approval for Technegas in the US in September 2023, CYC has notched up numerous firsts including contract signings and first revenues earned. […] The company estimates the US market for Technegas at US$180m annually inclusive of US$90m being the initial market for diagnosis of pulmonary embolism (PE) which it believes it can win within 5 to 7 years from launch. The second stage of the market also relates to PE where the company believes it can win market share in those patients currently diagnosed via CT.

    Telix Pharmaceuticals Ltd (ASX: TLX)

    Finally, another radiopharmaceutical company that could be a buy according to Bell Potter is Telix. It has a buy rating and $19.00 price target on its shares.

    Bell Potter likes the company due to its revenue-generating Illuccix product, as well as its promising product pipeline. The broker explains:

    The fundamental drivers of value remain firmly in place, including: revenues from the sale of Illuccix continue to grow; recently completed submission of the Biological license application for Zircaix in early June; and additional catalysts including submission of the New Drug Application for Pixclara, commencement of enrolment in the prostate cancer therapy and initial data from the STARLITE trial.

    The post Bell Potter names the best ASX healthcare stocks to buy in FY25 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Aroa Biosurgery Limited right now?

    Before you buy Aroa Biosurgery Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Aroa Biosurgery Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 fantastic ASX growth shares to buy in July

    A man pulls a shocked expression with mouth wide open as he holds up his laptop.

    The good news for growth investors is that there are plenty of quality options to choose from on the Australian share market.

    But which ones could be buys in July?

    Let’s take a look at three ASX growth shares that brokers rate highly:

    IDP Education Ltd (ASX: IEL)

    This language testing and student placement company could be an ASX growth share to buy according to analysts at Goldman Sachs.

    While the company’s growth is expected to be challenged this year and next year due to industry headwinds, the broker believes its growth will resume the following year and then continue long into the future. It commented:

    IEL remains well placed to capitalise as conditions normalise into FY26E, with IEL selectively investing for growth while SP competitors come under significant pressure. In our view the regulatory headwinds are cyclical, while structural SP growth can resume off the FY25E baseline.

    Goldman has a buy rating and $21.75 price target on its shares.

    NextDC Ltd (ASX: NXT)

    Another ASX growth share to consider buying in July is NextDC. It is one of the Asia-Pacific region’s leading data centre operators.

    The team at Morgans is feeling very positive about the company’s outlook. It is forecasting strong earnings growth in the coming years thanks to the incredible demand for data centre capacity. It explains:

    Structural demand for cloud and colocation remains incredibly strong. NXT’s new S3 and M3 data centres are now open. Consequently, we expect significant new customer wins over the next six-to-twelve months (including CSP options being exercised). Sales should drive the share price higher. NXT looks comfortably on-track to generate over $300m of EBITDA in the next three to five years.

    Morgans has an add rating and $19.00 price target on NextDC’s shares.

    TechnologyOne Ltd (ASX: TNE)

    Over at Bell Potter, its analysts think that growth investors should be looking at TechnologyOne. It is a leading enterprise software provider.

    Bell Potter highlights that TechnologyOne has been growing at a quicker and quicker rate in recent years. The good news is that it believes this trend will continue. It said:

    The growth in Technology One’s PBT [profit before tax] over the last four years has been 13%, 14%, 15% and 16%. We expect this trend of a steadily increasing rate of growth will continue in FY24 and the PBT growth will be either 17% or 18% (we currently forecast 17.5%). The company guidance for FY24 is PBT growth of 12-16% but the likely full year revenue of around $500m and the flagged 100bp increase in the margin suggests or implies PBT of >$152m which equates to growth of 17% or more.

    Bell Potter has a buy rating and $20.25 price target on TechnologyOne’s shares.

    The post 3 fantastic ASX growth shares to buy in July appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Idp Education right now?

    Before you buy Idp Education shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Idp Education wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Nextdc and Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Idp Education, and Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Retirement planning guide: 710,000 Aussies to retire over next 5 years

    Two mature-age people, a man and a woman, jump in unison with their arms and legs outstretched on a sunny beach.

    About 710,000 Australians intend to take up retirement over the next five years, according to the Retirement and Retirement Intentions report published by the Australian Bureau of Statistics (ABS).

    There are currently 4.2 million retirees in Australia. Most people entering retirement today are baby boomers, who were born between 1945 and 1964.

    The youngest of this cohort is 60 years old. This means all baby boomers have reached their preservation age for access to superannuation. So, they can now access a lifetime of savings — and plenty are doing so.

    New figures from the Australian Prudential Regulation Authority (APRA) show a significant surge in superannuation benefit payments over the past year as this wave of retiring boomers rolls through.

    Baby boomers can also access the age pension once they reach their ‘retirement age’. For this generation, the retirement age ranged from 65 years and six months to 67 years, depending on the year of birth.

    Gaining access to funds is the number one factor prompting Australians to retire, according to the ABS.

    In FY23, a government pension or allowance was the main source of personal income at retirement for 43% of retirees. This was followed by superannuation, an annuity, or a private pension at 27%.

    Many retirees also have investments outside superannuation from which they derive other forms of income, such as dividends.

    How much money do you need for retirement?

    According to the AFSA Retirement Standard, couples need about $690,000 in superannuation by retirement age, plus a part-pension, to have a comfortable retirement lifestyle.

    The Association of Super Funds of Australia (ASFA) defines a comfortable lifestyle as money for life’s essentials plus private health insurance, many exercise and leisure activities, occasional restaurant meals, a domestic holiday every year and an overseas trip every seven years.

    AFSA estimates that a comfortable lifestyle costs $72,148.19 per year.

    Single retirees need $595,000 in superannuation and a $51,278.30 budget to have a comfortable retirement lifestyle.

    A ‘modest’ retirement lifestyle is cheaper.

    It requires both singles and couples to have $100,000 in superannuation at retirement, plus a part pension, to cover annual living expenses of $46,944 for couples and $32,666 for singles.

    AFSA’s estimates assume you own your own home without a mortgage. They also assume that you draw down all your superannuation capital and invest it with a 6% return per annum.

    What about investments outside superannuation?

    A Findex study shows 85% of Australians are investing in assets like shares and property outside their superannuation fund.

    The study showed baby boomers preferred to invest in bank savings (60%), property (50%) and shares (46%).

    The Motley Fool guide to retirement planning

    The Motley Fool has a comprehensive retirement planning guide to help Australians save and invest to create a fantastic life of leisure once they stop working.

    One investment option is to build a portfolio of reliable ASX dividend shares for retirement.

    The aim is to create a strong stream of passive income derived from fully franked dividends.

    It’s up to you to decide which stocks are best for your long-term retirement objectives.

    Super Guide has revealed the 20 most popular ASX shares held by self-managed superannuation funds (SMSFs). This provides some insight as to which stocks some of your fellow retirement savers prefer.

    The top five stocks listed below all pay fully franked dividends.

    • BHP Group Ltd (ASX: BHP) shares (48% of SMSFs holding ASX shares are invested in BHP)
    • Woodside Energy Group Ltd (ASX: WDS) shares (45.6%)
    • Westpac Banking Corp (ASX: WBC) shares (40.9%)
    • Commonwealth Bank of Australia (ASX: CBA) shares (39.1%)
    • National Australia Bank Ltd (ASX: NAB) shares (38.9%)

    New research just released by superannuation provider Vanguard reveals more SMSFs are putting money into exchange-traded funds (ETFs) these days.

    ETFs provide handy diversification of stocks in a single trade.

    The post Retirement planning guide: 710,000 Aussies to retire over next 5 years appeared first on The Motley Fool Australia.

    Maximise Your Super before June 30: Uncover 5 Strategies Most Aussies Overlook!

    With the end of the financial year almost upon us, there are some strategies that you may be able to take advantage of right now to save some tax and boost your savings…

    Download our latest free report discover 5 super strategies that most Aussies miss today!

    Download Free Report
    *Returns 24 June 2024

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    Motley Fool contributor Bronwyn Allen has positions in BHP Group, Commonwealth Bank Of Australia, and Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Forget term deposits and buy these ASX dividend shares

    Person holding Australian dollar notes, symbolising dividends.

    Although the returns on offer with term deposits are the best they have been in years, and could yet improve further if the RBA lifts rates again, they still pale in comparison to what’s available from ASX dividend shares.

    For example, the shares listed below not only offer better yields but also have the potential to generate meaningful capital returns.

    And while the share market is not risk-free, like term deposits are, the risk/reward on offer from these ASX shares could be compelling based on what analysts are saying. Here’s what you need to know:

    APA Group (ASX: APA)

    APA Group could be a good alternative to a term deposit. Particularly given that it could be classed as a lower risk option. This is because as an energy infrastructure company and owner of a $27 billion portfolio of gas, electricity, solar and wind assets, it has very defensive and predictable earnings.

    You only need to look at its dividend history to see this. APA Group will soon increase its dividend for the 20th year in a row. Few ASX shares can match that record.

    Macquarie is very positive on the company and has an outperform rating and $9.40 price target on its shares. This implies a potential upside of ~18% for investors over the next 12 months.

    The broker also expects some generous dividend yields. It is forecasting dividends of 56 cents per share in FY 2024 and then 57.5 cents per share in FY 2025. Based on the current APA Group share price of $7.99, this equates to 7% and 7.2% yields, respectively.

    Accent Group Ltd (ASX: AX1)

    While this ASX dividend share is certainly higher up the risk scale than APA Group, its forecast dividend yields and major upside potential arguably make it worth considering.

    Thanks to “continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority,” Bell Potter is bullish on the footwear retailer and sees a lot of value in its shares.

    The broker currently has a buy rating and $2.50 price target on them. Based on the current Accent share price of $1.94, this implies potential upside of almost 30% for investors over the next 12 months.

    As for income, the broker is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. This represents dividend yields of 6.7% and 7.5%, respectively.

    The post Forget term deposits and buy these ASX dividend shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Apa Group right now?

    Before you buy Apa Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Apa Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group and Macquarie Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • These were the five worst ASX 200 shares to own in FY24

    A man slumps crankily over his morning coffee as it pours with rain outside.

    The S&P/ASX 200 Index (ASX: XJO) was on form in FY 2024. Over the 12 months, the benchmark index delivered a solid return of 7.8% before dividends.

    Unfortunately, not all shares on the ASX 200 were able to rise with the market. Here’s why these were the worst performers on the index during the year:

    Liontown Resources Ltd (ASX: LTR)

    The Liontown Resources share price was the worst performer on the ASX 200 in FY 2024 with a 68% decline. This was driven by the collapse of its proposed takeover by Albemarle Corp (NYSE: ALB) and significant lithium price weakness. The latter is bad news for Liontown, which will be commencing production at the Kathleen Valley Lithium Project in the coming weeks. For many of the same reasons, the IGO Ltd (ASX: IGO) share price lost 63% of its value during the 12 months. Liontown and IGO are not alone, though. Many other ASX lithium stocks are down materially over the same period.

    Star Entertainment Group Ltd (ASX: SGR)

    The Star Entertainment share price wasn’t far behind with a 54% decline over the 12 months. Investors were selling this casino and resorts operator’s shares due to concerns over news that the NSW Independent Casino Commission is launching another inquiry. In addition, the company’s trading performance was very disappointing. Management blamed the subdued performance on its Premium Gaming Rooms (PGRs) business.

    Healius Ltd (ASX: HLS)

    The Healius share price was out of form and sank 49% during the financial year. Investors were selling this medical and pathology centre operator’s shares due to its significant underperformance. In addition, the company was forced to undertake capital raising at a significant discount to its prevailing share price. The company advised that it decided to raise the funds to reduce its net debt and reset its balance sheet with appropriate gearing.

    Fletcher Building Ltd (ASX: FBU)

    The Fletcher Building share price lost 46% of its value during FY 2024. This was also driven partly by the significant downturn in the performance of the building materials company. Fletcher Building advised that market conditions across the company’s Materials and Distribution divisions have weakened throughout the year. In light of this, it revealed that it will fall short of its EBIT before significant items guidance. In addition, management warned that it expects market conditions to remain challenging in both New Zealand and Australia in the near term.

    The post These were the five worst ASX 200 shares to own in FY24 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Fletcher Building Limited right now?

    Before you buy Fletcher Building Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Fletcher Building Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • These ASX shares could rise 25% to 30%

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

    The share market has historically delivered investors a return of 10% per annum.

    While this is a very good return, there are some ASX shares that have been tipped to rise significantly more than this over the next 12 months.

    Let’s take a look at three ASX shares that analysts believe have market-beating potential:

    Amotiv Ltd (ASX: AOV)

    The first ASX share that could have plenty of upside is Amotiv. Until recently, it was known as GUD Holdings. It is a diversified automotive parts company and the name behind brands such as Narva and Ryco.

    Morgans is a fan of the company and has an add rating and $13.71 price target on its shares. This implies potential upside of 30% for investors. It commented:

    GUD is a high-quality business with an entrenched market position in its core operations and deep growth opportunities in new markets. We view GUD’s investment case as compelling, a robust earnings base of predominantly non-discretionary products, structural industry tailwinds supporting organic growth and ongoing accretive M&A optionality. We view the ~12x multiple as undemanding given the resilient earnings and long-duration growth outlook for the business ahead.

    Endeavour Group Ltd (ASX: EDV)

    Over at Goldman Sachs, its analysts believe this drinks giant’s shares are cheap. Last week, the broker reaffirmed its buy rating with an improved price target of $6.50. Based on where the ASX share is currently trading, this suggests that upside of 28% is possible for investors.

    The broker likes Endeavour due to its defensive qualities and attractive valuation. It commented:

    Our Buy thesis on the stock is based on the following key drivers: 1) Market share gain (already 40% market share) in defensive alcohol retail from consumer data and loyalty advantages; 2) Organic reopening beneficiary with its hotels/pubs business back to pre-COVID sales/property. We believe EDV is trading at a relatively attractive valuation, with potential downside from EGM tax changes already fully priced in.

    Lynas Rare Earths Ltd (ASX: LYC)

    Bell Potter thinks that this rare earths producer’s shares are undervalued at current levels. Last week, the broker put a buy rating and $7.80 price target on its shares. This implies potential upside of 31% for investors over the next 12 months.

    Its analysts believe that rare earths prices are close to rebounding from recent weakness. It said:

    We continue to see prices painstakingly grind higher from current levels through to the end of the year. China domestic supply may continue to keep a lid on rapid price revisions, however not at current levels. Reports of activity over March highlighted a reduction in NdPr oxide imports into China and a reluctance of domestic miners to sell material to downstream magnet makers whose stockpiles were bottoming out. Combine this with a rapid rise in EV production globally and you have a more positive outlook for NdPr.

    The post These ASX shares could rise 25% to 30% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Endeavour Group Limited right now?

    Before you buy Endeavour Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Endeavour Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Endeavour Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Kamala Harris’ camp is mad that Newsom and Whitmer are being floated as Biden replacements over the VP

    Kamala Harris
    Since the US Supreme Court overturned Roe v. Wade, Vice President Kamala Harris has become the administration's most visible advocate of abortion rights.

    • Kamala Harris' allies are frustrated with chatter about potential Biden replacements, Politico reported.
    • The allies feel that Gavin Newsom and Gretchen Whitmer are being mentioned more than the VP.
    • Harris has stood firmly behind Biden and defended the administration's record following his debate.

    After President Joe Biden's widely panned debate performance against former President Donald Trump, Vice President Kamala Harris emerged as perhaps the president's most forceful advocate.

    Harris, who has enjoyed a strong governing relationship with Biden, is seen by many as a top successor to the president should he exit the presidential race.

    But some of Harris' allies are frustrated that Democratic figures like California Gov. Gavin Newsom and Michigan Gov. Gretchen Whitmer are being touted more frequently than the vice president as potential Biden replacements in many circles, according to Politico.

    "The fact that people keep coming back to this is so offensive to so many of us," an unnamed Harris ally told the publication. "They still don't get that the message you're saying to people, to this Democratic Party, is, we prefer a white person."

    Another ally told Politico: "If they think they are going to get through South Carolina bashing an effective and qualified Black woman vice president — their instincts are as bad as I thought they were."

    Harris ran for the 2020 Democratic presidential nomination, and there were high hopes for her campaign among many lawmakers and voters. But even after gaining traction following a primary debate where she skewered Biden over comments he made regarding his work with pro-segregationist lawmakers, her campaign faltered.

    Her eventual selection as Biden's running mate was praised by many Democrats — especially among Black voters in the party — which only strengthened after she was elected as vice president.

    Harris is also popular among young voters and she has become by far the administration's most prominent defender of reproductive rights following the Supreme Court's decision to overturn Roe v. Wade.

    But throughout much of her tenure, Harris has been dogged by low approval ratings alongside Biden. During her first two years in office, the coronavirus and a 50-50 Senate largely kept her in Washington, as she was needed to break ties on important votes.

    And given her low numbers, some Democrats have expressed concerns that she might not be the party's best option should Biden decide not to continue with his campaign.

    Read the original article on Business Insider
  • Here’s how the ASX 200 market sectors stacked up last week

    Technology written in orange in tech sector financial diagram.

    Tech shares led the ASX 200 market sectors last week with a 2.67% gain over the five trading days.

    Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 0.18% to finish the final trading week of the 2024 financial year at 7,767.5 points.

    Only three of the 11 market sectors finished the week in the green.

    Let’s recap.

    Technology shares led the ASX sectors last week

    Among the major ASX 200 tech stocks, Wisetech Global Ltd (ASX: WTC) shares had a great week, with a 5.82% gain despite the company not releasing any price-sensitive news.

    The Wisetech share price closed FY24 at $100.30 on Friday, up 25.67% over FY24.

    Life360 Inc (ASX: 360) shares rose 2.5% over the week to finish at $16.37. The ASX 200 social networking app developer was the sector’s top growth stock for FY24, with a phenomenal 122.72% uplift.

    The second-biggest ASX 200 tech share, Xero Limited (ASX: XRO), rose 2.06% last week. Xero shares closed at $136.40 on Friday, up 14.69% over FY24.

    TechnologyOne Ltd (ASX: TNE) shares lifted 0.54% to $18.60 by Friday. That’s an 18.85% gain in FY24.

    The Nextdc Ltd (ASX: NXT) share price lost ground in the final trading week of FY24. NextDC shares fell 1.67% to close at $17.63.

    The ASX 200 data centre-as-a-service operator made an impressive 41.72% share price gain over FY24.

    Altium Ltd (ASX: ALU) shares closed at $68.03, up 0.21% over the week and 84.26% over FY24.

    Altium advised the market this week that most regulatory approvals for its takeover by Renesas Electronics Corp have now been obtained.

    What about ASX technology ETFs?

    Among the ASX tech ETFs this week, Betashares Global Cybersecurity ETF (ASX: HACK) had a ripper week with a 3.08% gain to $11.70 per share over the five trading days.

    The ASX HACK is benefitting from rising new demand as enterprises around the world seek to protect themselves from cyber attacks like those experienced by Optus and Medibank Private Ltd (ASX: MPL).

    The HACK ETF ascended 27.31% over FY24.

    Betashares Nasdaq 100 ETF (ASX: NDQ) rose 0.82% to finish the week at $45.51 per share. This is just short of its all-time high set on 18 June at $45.73 per ETF unit.

    The ASX NDQ had a rocking FY24, soaring 31%, largely due to the success of the Magnificent Seven stocks within the NASDAQ 100. These include superstar stocks Nvidia Corp and Microsoft Corp.

    Here are some things you may not know about the ASX NDQ.

    ASX 200 market sector snapshot

    Here’s how the 11 market sectors stacked up last week, according to CommSec data.

    Over the five trading days:

    S&P/ASX 200 market sector Change last week
    Information Technology (ASX: XIJ) 2.67%
    Energy (ASX: XEJ) 0.93%
    Financials (ASX: XFJ) 0.16%
    Industrials (ASX: XNJ) (0.07%)
    Consumer Staples (ASX: XSJ) (0.08%)
    Healthcare (ASX: XHJ) (0.20%)
    Communication (ASX: XTJ) (0.35%)
    Utilities (ASX: XUJ) (0.52%)
    Materials (ASX: XMJ) (0.84%)
    Consumer Discretionary (ASX: XDJ) (1.29%)
    A-REIT (ASX: XPJ) (3.34%)

    The post Here’s how the ASX 200 market sectors stacked up last week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Life360 right now?

    Before you buy Life360 shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Life360 wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, Life360, Microsoft, Nvidia, Technology One, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, WiseTech Global, and Xero. The Motley Fool Australia has recommended Microsoft, Nvidia, and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.