• I left Google and started a recruiting platform. Here are the interview tips I suggest to help land a FAANG job.

    Rihab Lajmi portrait
    I left my job at Google to start a recruiting platform called FAANG.

    • Rihab Lajmi left her role at Google and launched FAANG, an AI hiring platform.
    • Lajmi has gone through dozens of interviews herself and interviewed 35 recruiters to learn what they're looking for.
    • These are the five interview tips she recommends to job seekers.

    This as-told-to essay is based on a conversation with Rihab Lajmi, a 26-year-old living in Germany. Her employment history has been verified by BI. It's been edited for length and clarity.

    You may have heard of FAANG being used as an acronym for Facebook, Amazon, Apple, Netflix, and Google — and that's exactly what inspired the name of my company.

    FAANG jobs are highly coveted and represent success in tech. So about six months ago, I quit my job as a Cloud space architect at Google to create an AI recruiting platform to help people land their dream jobs.

    Our conversational AI recruiter "Buddy" conducts custom simulated video interviews for job applicants based on the company's preferences, culture, and technical needs. Our vision is to scale "Buddy" to become every job seeker's companion to prepare for job interviews.

    By adopting this name, we aim to empower individuals to achieve their career aspirations, whether at FAANG or elsewhere. So far, we've interviewed over 35 recruiters to learn more about what they're looking for.

    Before Google, I worked at Microsoft and went through dozens of interviews at other companies like Amazon. Through my own experience and from speaking with recruiters directly, these are my biggest takeaways on how to excel in an interview.

    1. Request a champion call with the hiring manager

    In many interview processes, the hiring manager won't show up until the final round of interviews. That person often has the final say so it's good practice to increase your visibility early on.

    If you don't have a call scheduled with the hiring manager prior to the first interview, request it. This breaks the ice and helps them remember you later.

    The call should be casual and you should start by introducing yourself. Then, you can ask about them and what they're looking for. This will also help you get more information as you go through the interview process.

    2. Begin the interview with small talk

    Starting with small talk may help the interviewer remember you later on. You can start by asking the interviewer questions about the company or you can try a less formal approach if they seem open.

    A lot of the people I've worked with have been international so I often start with questions about where they're from and then mention my favorite dish from that region.

    Make sure you read the room and don't let the small talk go on for too long. Some interviewers like to chat more than others so make sure to pay attention to verbal cues.

    3. Be concise

    People often look at interviews like an exam — don't go into it with that approach. While you should do your homework and prepare for the interview, it's important that you don't get bogged down by the details.

    The person who is interviewing you will lose their focus if you talk too much. They also are assessing your ability to communicate so being concise can help you score higher or make a better impression.

    4. Weave in your personality when answering questions

    The company wants to get to know you as a person. So when it comes to behavioral questions, do your best to weave in stories and examples that highlight parts of your personality.

    For example, if someone asks about a time you had to work through a conflict, don't put an emphasis on the problem or the solution. Instead, make sure you focus on how you went about solving the problem and how you communicated.

    5. Don't follow up right after the interview

    Don't follow up with a recruiter right after the interview and don't contact them more than twice. It could take a while to make the decision, especially if it's a competitive role, and if you appear overly eager you could lose leverage power with salary negotiation.

    Do you work at Google? We want to hear from you. Email the reporter from a non-work email at aaltchek@insider.com.

    Read the original article on Business Insider
  • Clarence Thomas’ originalist interpretations go too far, even for fellow conservatives

    Supreme Court Justice Clarence Thomas
    Clarence Thomas' lone dissent in an 8-1 SCOTUS decision about disarming domestic abusers hinged on an originalist interpretation of the law that one legal expert told BI was "absurd."

    • Clarence Thomas this week argued domestic abusers shouldn't be prevented from owning guns.
    • His lone dissent in the 8-1 SCOTUS decision hinged on an originalist interpretation of the law.
    • One legal expert told BI Thomas's ruling shows how "absurd" originalism can be.

    Clarence Thomas this week offered the lone dissent in a Supreme Court decision that ultimately ruled that people with a history of domestic violence can be prevented from legally owning guns.

    His lengthy disagreement with the ruling in United States vs. Rahimi hinged on an originalist interpretation of the law that Thomas, a staunch conservative, is known for.

    Originalism is a legal framework based on interpreting constitutional law as it would have been understood at the time it was written nearly 250 years ago — before the invention of electric lighting, indoor plumbing, and steam-powered trains.

    Once considered a fringe theory created in response to perceived overreach by a liberal court, this method of interpretation — popularized by the late Antonin Scalia in the late 1980s — argues that only a formal Amendment ratified by Congress should be able to alter how we interpret the Constitution's established rights and restrictions.

    Legal experts who spoke to Business Insider said Thomas's latest decision highlighted how inconsistent and even ridiculous this method of interpretation can be.

    "This is a case where, if you invalidate this statute on the basis of originalism, you go back in time and say, essentially, at the time of the original ratification of the Constitution, domestic violence was tolerated — and therefore, based on originalism, we need to invalidate the statute," John P. Gross, a professor at the University of Wisconsin Law School and director of the Public Defender Project, told Business Insider. "And that is, of course, an absurd, horrible result."

    Gross noted that originalism raises questions like whether women should be allowed to sit on the Supreme Court, because the nation's founders wouldn't have allowed it then.

    "A strict originalist view could be that we shouldn't have appointed women to the judiciary unless we get a formal Amendment saying women can be judges," Gross said. "So that's the kind of logical extension of originalism that leads to these truly absurd results. In that context, it's very difficult to defend originalism as a useful, meaningful way of interpreting the Constitution."

    With originalism, 'you get absurd results, and people will think you are a nut'

    Three legal experts told BI that Thomas is at least consistent in his framework for interpreting the law. However, this consistency in his thinking allows him to present arguments at odds with modern values that can sometimes contradict each other.

    "This is a court that claims to be an originalist court and, if nothing else, these opinions establish that originalism is not a straightforward approach and does not lead to greater certainty, despite the claims that originalists make," Carolyn Shapiro, founder of Chicago-Kent College of Law's Institute on the Supreme Court of the United States, told BI.

    Shapiro said originalism "can lead to different results depending on who is doing the analysis. It just simply does not provide the certainty that originalists claim."

    Supreme Court 1888
    The Supreme Court of 1888 decided that the Constitution was broad enough to cover inventions the Founding Fathers never dreamed of.

    Thomas' strict originalist interpretations in recent rulings, such as a unanimous decision in a trademark case earlier this month, have also begun to cause a fray among the other conservative justices. CNN reported Amy Coney Barrett, who identified as an originalist when she took the bench in 2020, accused Thomas in a recent opinion of having a "laser-like focus on the history" that "misses the forest for the trees."

    Thomas' reliance on "history and tradition," Barrett wrote in a concurrence that the court's three liberal justices signed on to, "is wrong twice over."

    Thomas being the lone dissent in the case involving domestic abusers carrying firearms shows how committed he is to his originalist framework, even when the other conservative justices on the court clearly see the risk to society if SCOTUS doesn't modernize its thinking, Gross said.

    Gross noted that he expected the outcome the Supreme Court ultimately reached, though he was surprised Justice Samuel Alito, another strict originalist, didn't join Thomas' dissent.

    "I think perhaps Alito's absence from this opinion suggests that even he realizes, as Justice Scalia did at some point, that if you keep pushing these ideas about originalism, you get absurd results — and people will think you are a nut," Gross told BI. "But Thomas is willing to go there. In terms of intellectual purity, great, I can't say the guy's wishy-washy, but even Alito's not part of it — because he doesn't want to be seen as a nut."

    Representatives for the Supreme Court did not respond to a request for comment from Business Insider.

    Read the original article on Business Insider
  • LinkedIn cofounder Reid Hoffman takes aim at venture capitalist David Sacks for his support of Donald Trump

    Reid Hoffman (left) and David Sacks (right)
    Earlier this month, David Sacks posted an open letter on Twitter in support of Donald Trump, which LinkedIn cofounder Reid Hoffman, in a scathing public rebuttal, took apart line by line.

    • Earlier this month, David Sacks posted an open letter on Twitter in support of Donald Trump. 
    • In a scathing post on Thursday, LinkedIn cofounder Reid Hoffman took the letter apart line by line.
    • Venture capitalist Sacks, Hoffman said, gets it wrong about Trump "on just about every count."

    LinkedIn cofounder Reid Hoffman had some choice words for venture capitalist David Sacks after he endorsed Donald Trump earlier this month.

    In an open letter posted on X on June 6, Sacks praised the former president's foreign policy and economic strategy and lambasted President Joe Biden's approach to "lawfare," accusing Biden of leveraging the justice system against his political opponent in this year's election.

    Hoffman was having none of it, writing in a separate post on Threads that Sacks, in voicing his support for Trump, "got it wrong on just about every count."

    "Since Silicon Valley mostly opposes Trump, he may have seen this as a 'contrarian' take that would fit his podcast brand," Hoffman wrote in an extended Medium post published the same day as his Threads remarks in response to Sacks' letter. "Sadly, rather than originality, Sacks' letter awkwardly regurgitates pro-Trump groupthink."

    "Both of America's choices for President are old, but only one of them acts like an adult," Hoffman added.

    Point by point, Hoffman dismantled Sacks' argument, pointing out that Trump became a convicted felon after being found guilty by a jury of his peers, comparing economic and crime data from the last two administrations, and accusing Sacks of echoing pro-Putin propaganda in his defense of Trump.

    "The voters have experienced four years of President Trump and four years of President Biden," Sacks wrote in his letter. "In tech, we call this an A/B test. With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. He is the President who deserves a second term."

    Hoffman sharply responded in his posts that Sacks "is reading the results backwards."

    "In tech, we call this 'being wrong,'" Hoffman wrote.

    Sacks hasn't responded at length to Hoffman's disapproval, though he did reply to a post on X critiquing Hoffman for taking two weeks to pen his rebuttal, simply adding the "100" emoji in agreement.

    Sacks' support for Trump — and Hoffman's vocal condemnation for it — comes as a growing faction of Silicon Valley elites have voiced their support for the former president post-conviction.

    It isn't the first time Hoffman has critically weighed in on the phenomenon. In an op-ed published in The Economist earlier this month, Hoffman blasted business leaders for supporting Trump, arguing that a Republican win in 2024 will be bad for the economy and could upend the legal system that American businesses rely on.

    Hoffman and Sacks did not immediately respond to requests for comment from Business Insider.

    Read the original article on Business Insider
  • The Titanic is overrated, deep-sea explorers say. The wealthy keep venturing to it anyway.

    An inflatable Titanic in the middle of a park.
    An inflatable Titanic slide seen at a park in Placentia, California.

    • The Titanic wreckage site continues to be a big draw for the wealthy and adventurous.
    • But experienced deep-sea explorers tell Business Insider there's nothing more to see there.
    • Hot sea vents and deep-water coral reefs are under-explored and far more accessible, explorers say.

    The Titanic may be one of the most popular and identifiable wreckage sites in the history of sea travel.

    It also may be one of the most overrated, deep-sea explorers told Business Insider.

    More than a century after the ocean liner sank to the bottom of the Atlantic, the Titanic has proven the staying power of its lore, not least in part due to James Cameron's 1997 film, which became the first billion-dollar box office success. The film reignited interest in the ship and created a fandom that lives strong to this day. Titanic-themed birthday, anyone?

    Then, in 2023, five people died in OceanGate's Titan submersible during a dive to the wreckage site, once again placing the iconic ship at the forefront of the news cycle.

    Despite the wreckage's thorough documentation and the recent fate of the OceanGate submersible, the wealthy and well-resourced continue to pour efforts to venture 12,500 feet into the ocean just to see the site of the 1912 sinking.

    Passengers on the Titan paid up to $250,000 for a seat inside the submersible. Now, billionaire real estate investor Larry Connor said he will voyage to the Titanic.

    Deep-sea explorers are left wondering: Why?

    'People are trying to impress people'

    "The wreck is well-documented," Karl Stanley, a submersible expert, told BI in a recent interview. "That's probably the best documented deep-water wreck there is."

    Stanley, who owns a submersible tourism company, Stanley Submarines, was one of many colleagues who warned OceanGate's CEO Stockton Rush about the dangers of rushing to produce a vessel that could take people to the Titanic.

    For him, the wealthy's desire to visit the shipwreck has less to do with a genuine passion for deep-sea exploration and more to do with namesake recognition.

    "I think whatever market exists for tourism to the Titanic is extremely analogous to the kind of clientele that pays Sherpas to drag them up Mt. Everest," Stanley said, referring to the Nepalese ethnic group that dwells in the Himalayan mountains. Some climbers pay up to $15,000 per expedition to have a Sherpa guide, BI previously reported.

    Since the early 1900s, more than 330 people have died on the mountain, and 107 of them were Sherpas, according to The Himalayan Database.

    [youtube https://www.youtube.com/watch?v=UfXIDMDmyL8?si=2_Yd1DECadX3y6IG&w=560&h=315]

    Stanley said there are more dangerous but less traveled mountains and shipwrecks that are less deep but better preserved, such as the HMHS Britannic, Titanic's sister ship, which lies in a relatively shallow grave of about 400 feet, near the Greek island of Kea.

    "People are trying to impress people," he said.

    Guillermo Söhnlein, the cofounder of OceanGate who left the company in 2013, agreed with Stanley.

    While he doesn't want to discourage anyone's genuine passion for the iconic ocean liner, Söhnlein told BI in an interview that the Titanic "holds no interest for me whatsoever."

    "One of the reasons I talked with Stockton all the time in the recent years is he would always call me before the expedition to see if I wanted to come to the Titanic," he said.

    "And honestly, I never had any desire to go to the Titanic. I just don't see the appeal of it," Söhnlein said, "For me, personally, I think a big part of that is because I prefer exploration. And the Titanic has already been visited, it's been documented, its been filmed. James Cameron has done a phenomenal job on it."

    Brine pools and unexplored blue holes

    Stanley and Söhnlein said they're less interested in shipwreck sites overall and more keen on exploring the ocean's ecosystem.

    "Hot sea vents, brine pools, and deep-water coral reefs would all be more interesting than a shipwreck and can be accessed by going 2,000-5,000 feet, not the 13,000 feet it takes to get to the Titanic," Stanley said.

    Similarly, Söhnlein is interested in deep trenches and hydrothermal vents — something Rush was also passionate about, he said.

    Söhnlein explained that they're "almost completely unexplored," "play key roles in our planetary dynamics," and "they likely hold thousands of undiscovered and unknown life forms."

    Söhnlein's company, Blue Marble Exploration, recently announced it would venture into Dean's Blue Hole, a site in the Bahamas about 660 feet from the surface.

    A picture of the ocean with a hole in the middle.
    Dean's Blue Hole

    "Dean's Blue Hole is an enigma for geologists studying underwater caverns," Blue Marble Exploration's website says. "It is the largest of its kind in the world, and yet very little is known about it, including how it formed more than 15,000 years ago."

    The company adds that it expects to find "human remains" of people who drowned in the blue hole "due to a variety of misfortunes."

    It's unclear how many people died at the site. The most notable case occurred in 2013 when American freediver Nicholas Mevoli attempted to break a freediving record by reaching 72 meters in a single breath, The New York Times reported. Mevoli surfaced but died shortly after.

    Read the original article on Business Insider
  • Income booster: Here’s an ASX dividend stock that yields 6% and provides quarterly cash payments

    Man holding Australian dollar notes, symbolising dividends.

    Investors seeking stable income in a volatile market often turn to dividend stocks. One such compelling option on the ASX is Rural Funds Group (ASX: RFF), a real estate investment trust (REIT) specialising in agricultural assets.

    With an attractive distribution yield of approximately 6% and the benefit of quarterly cash payments, Rural Funds offers a unique opportunity for income-focused investors.

    Even better, Rural Funds is set to pay its quarterly dividends next week. Is now the perfect time to buy Rural Funds shares ahead of its ex-dividend date on 27 June?

    Understanding Rural Funds Group

    Rural Funds Group is Australia’s only diversified agricultural REIT. It owns a portfolio of high-quality agricultural assets, including almond orchards, vineyards, cattle and cotton properties, macadamia orchards, and water entitlements.

    These assets are leased to experienced operators under long-term agreements, providing a stable income stream and potential for capital growth.

    Farmland has been a valuable asset for centuries, and it is likely it will remain so for the foreseeable future. The long-term stability appeals to many investors, as my colleague Tristan highlighted. Additionally, the ongoing growth of both Australian and global populations is a significant tailwind for the business.

    Why Rural Funds stands out for dividend investors

    The Rural Funds unit price has dropped 35% from its all-time high of $3.18 in January 2022 and has hovered around the $2 mark over the past year.

    At the current price, Rural Funds offers a distribution yield of 5.67%, higher than many other dividend-paying stocks on the ASX.

    Unlike many ASX dividend shares that pay dividends semi-annually, Rural Funds provides quarterly distributions. This regular income can be especially beneficial for retirees who rely on passive income for their living expenses.

    Rural Funds’ diversified portfolio across different agricultural sectors reduces the risk associated with any single commodity or market. The REIT’s properties are leased to reputable operators under long-term agreements, often with built-in rental escalations.

    Trading below its book value

    After the recent weakness in its unit price, Rural Funds is trading below its book value. Rural Funds is trading at a price-to-book (P/B) ratio of 0.73x based on its reported number. However, this includes its water entitlements at their book values. Adjusting for this, reflecting the estimated market value of these assets, the company estimates its net asset value (NAV) at $3.07 per unit as of 31 December 2023. This makes its adjusted P/B ratio even lower, at 0.67x.

    Such attractive valuations caught eyes of some analysts. Bell Potter highlighted its attractive valuation and high distribution yield as the reasons to like Rural Funds, as my colleague James said.

    The Rural Funds Group share price finished Friday’s trading up 0.98% at $2.07.

    The post Income booster: Here’s an ASX dividend stock that yields 6% and provides quarterly cash payments appeared first on The Motley Fool Australia.

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

    Before you buy Rural Funds 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 Rural Funds 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 5 May 2024

    More reading

    Motley Fool contributor Kate Lee 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 positions in and has recommended Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Top brokers name 3 ASX shares to buy next week

    Two businesspeople walk together in an office, smiling as they enjoy a good business relationship.

    It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    Life360 Inc (ASX: 360)

    According to a note out of Bell Potter, its analysts have retained their buy rating on this location technology company’s shares with an improved price target of $17.75. Bell Potter notes that Life360 has announced that its Life360 app has now surpassed 2 million paying circles. This was notably ahead of the broker’s expectations. In fact, Bell Potter was only expecting 1.98 million paying circles at the end of the first half. It feels this bodes well for the company going into the seasonally strong third quarter of the year. As a result, its analysts appear confident that the company is destined to deliver another strong result this year. The Life360 share price ended the week at $15.66.

    Light & Wonder Inc (ASX: LNW)

    A note out of Morgans reveals that its analysts have initiated coverage on this gambling products and services provider’s shares with an add rating and $172.00 price target. According to the note, the broker has been impressed with Light & Wonder’s restructuring and rebranding. It notes that this has resulted in the significant capture of land-based market share in Australia. While that is positive, the real reason Morgans is bullish is that it believes Light & Wonder can replicate this in the massive United States market. In addition, its analysts highlight that its digital segments are performing well, with its social casino division, SciPlay, significantly outpacing the rest of the market. The Light & Wonder share price was fetching $152.18 at Friday’s close.

    Woolworths Group Ltd (ASX: WOW)

    Analysts at Morgan Stanley have upgraded this supermarket giant’s shares to an overweight rating with an improved price target of $37.00. According to the note, the broker made the move in response to the release of the results of a major household survey. These results have made the broker more positive on the supermarket industry. This is because it feels that the survey points to consumer trends that will lead to better than expected same store sales in FY 2025. In addition, Morgan Stanley believes the survey point to Woolworths being the biggest winner from these trends. As a result, it has promoted the company to be its top industry pick. The Woolworths share price ended the week at $33.63.

    The post Top brokers name 3 ASX shares to buy next 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 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Light & Wonder. The Motley Fool Australia has recommended Light & Wonder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • ASX passive income: Earn $1000/month

    A smiling woman with a handful of $100 notes, indicating strong dividend payments

    Having passive income would certainly be very helpful in the current environment.

    Unfortunately, unless you’re lucky enough to already have a bank account filled to the brim with cash, it’s going to be too late to generate a sizeable income from the share market immediately to combat the cost of living crisis.

    However, don’t let that stop you from making it a long term goal, so that you are ready to tackle any cost of living shocks that could happen in the future.

    Generating $1,000 of monthly passive income from the ASX

    If you wish to pull in $1,000 of monthly passive income from the ASX, you’re going to need to generate $12,000 of dividends each year.

    The good news is that there are a fair number of ASX shares on the local bourse that analysts are forecasting to provide 6%+ yields. This includes the likes of APA Group (ASX: APA), Stockland Corporation Ltd (ASX: SGP), and Accent Group Ltd (ASX: AX1).

    If you are able to build a diversified portfolio of ASX shares that provides you with an overall yield of 6%, you would need a portfolio valued at $200,000 to generate total dividends of $12,000 a year.

    Investors that already have this amount of cash to invest can now do this and relax and watch the passive income come in. But if you’re starting from zero, you will need a plan.

    How to get started

    The first step for passive income investors to take is to make consistent investments in the share market.

    For example, if you can invest $5,000 into the share market each year, your portfolio would grow to be worth $200,000 in 16 years if you achieved an average total return of 10% per annum. This is broadly in line with historical averages, so not guaranteed but certainly possible.

    After which, investors will need to find a high quality group of ASX shares to invest these funds into.

    Investors may wish to build a diverse portfolio by splitting their $5,000 investment across a number of ASX shares. This could also include ETFs, which allow investors to buy large groups of shares in one go.

    Next, let compounding work its magic. This is what happens when you earn returns on top of returns. It essentially supercharges your wealth, particularly the longer you leave it.

    For example, 10 years of investing $5,000 and earning a 10% per annum return would turn into $88,000. But if you keep going just six more years, you will have grown your portfolio by a further $112,000 to the target amount of $200,000.

    At that point, you now have enough to start generating material passive income from the ASX.

    Overall, by following these steps, you could turn the ASX into your own personal ATM.

    The post ASX passive income: Earn $1000/month 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 5 May 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 positions in and has recommended Apa 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.

  • 7 excellent ASX growth shares to buy next week

    Five young people sit in a row having fun and interacting with their mobile phones.

    If you’re a fan of ASX growth shares, then you will be pleased to know that analysts are predicting great returns from the seven listed below.

    Here’s what you need to know about these top shares:

    Aristocrat Leisure Limited (ASX: ALL)

    The first ASX growth share that could be a buy is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a portfolio of pokie machines, digital games, and a fledgling real money gaming business.

    Analysts at Citi are very positive on the company and have a buy rating and $53.00 price target on its shares.

    Lovisa Holdings Ltd (ASX: LOV)

    Another ASX growth share to look at is Lovisa, which is a rapidly growing fashion jewellery retailer.

    Bell Potter is very positive on the company due to its global expansion. In fact, it believes Lovisa can grow its network by 10% per annum between FY 2023 and FY 2034. This is expected to support strong earnings growth over the next decade.

    The broker currently has a buy rating and $36.00 price target on Lovisa’s shares.

    NextDC Ltd (ASX: NXT)

    Another ASX growth share that is rated as a buy is NextDC. It is one of Asia’s most innovative data centre-as-a-service providers.

    Morgan Stanley is very positive on the company’s outlook. This is thanks to its belief that the data centre market will grow materially over the remainder of the decade.

    The broker currently has an overweight rating and $20.00 price target on its shares.

    Temple & Webster Group Ltd (ASX: TPW)

    Another ASX growth share to look at is Temple & Webster. It is Australia’s leading online furniture and homewares retailer.

    Temple & Webster has been growing strongly in recent years thanks to the structural shift online. But the good news is that this shift is still in its early stages in this category compared to other Western markets.

    As a result, the team at Morgan Stanley believes there’s still plenty more growth to come. It has put an overweight rating and $12.25 price target on its shares.

    Webjet Limited (ASX: WEB)

    A fifth ASX growth share that could be a buy is online travel booking company Webjet.

    Morgans is bullish on the company due partly to its key WebBeds B2B business. It notes that there is still “significant market share still up for grabs,” which leaves Webjet well-positioned for the future.

    Morgans has an add rating and price target of $11.20 on Webjet’s shares.

    WiseTech Global Ltd (ASX: WTC)

    Another ASX growth share that has been tipped as a buy is WiseTech Global.

    It is the logistics solutions company behind the CargoWise One logistics management platform. This platform is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy-to-use platform.

    Demand continues to grow for CargoWise One, which is supporting very strong recurring revenue growth. It is partly for this reason that UBS currently has a buy rating and $112.00 price target on its shares.

    Xero Ltd (ASX: XRO)

    A final ASX growth share that could be a buy is Xero. It is a cloud accounting platform provider with an estimated global market opportunity of 100 million small to medium sized businesses. This compares to its current subscriber base of approximately 4.2 million.

    Goldman Sachs believes this gives the company a multi-decade growth runway. Its analysts have a buy rating and $164.00 price target on its shares.

    The post 7 excellent ASX growth shares to buy next week appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Aristocrat Leisure Limited right now?

    Before you buy Aristocrat Leisure 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 Aristocrat Leisure 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…

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  • Here’s how the ASX 200 market sectors stacked up last week

    A young woman carefully adds a rock to the top of a pile of balanced river rocks.

    ASX 200 utilities shares led the market sectors last week, with an impressive 4.21% lift over the five trading days.

    The S&P/ASX 200 Index (ASX: XJO) gained 1.02% over the week to finish at 7,796 points on Friday.

    Eight of the 11 market sectors finished the week in the green.

    Let’s review.

    Utilities shares led the ASX sectors last week

    Among the largest of the 22 ASX 200 utilities companies, the outperformer for price growth this week was Origin Energy Ltd (ASX: ORG).

    Origin shares rose by 5.85% to finish at $10.76 on Friday. There was no price-sensitive news from Origin this week.

    The AGL Energy Limited (ASX: AGL) share price lifted 3.03% to $10.55 this week, also on no price-sensitive news.

    APA Group (ASX: APA) shares rose 0.12% over the five trading days to finish at $8.40.

    On Friday, the energy infrastructure business announced an estimated final distribution of 29.5 cents per share. The record date is 28 June and the payment date is 18 September.

    Utilities small-caps Frontier Energy Ltd (ASX: FHE) and Duxton Water Ltd (ASX: D2O) had a great week.

    Frontier Energy shares gained 7.95% to finish at 48 cents on Friday.

    Last week the company announced it had signed contracts with Western Power to begin detailed design and procurement work for stage one of its Waroona Renewable Energy Project.

    Duxton Water shares lifted 6.55% to close at $1.47 on Friday. The company did not release any news last week.

    The second strongest sector last week was financials, up 2.08%.

    The ASX 200 bank stocks continued to test multi-year high prices last week.

    On Friday, Commonwealth Bank of Australia (ASX: CBA) shares reset their record high yet again. The biggest ASX 200 bank stock peaked at $128.25 per share on Friday but closed the week at $127.68.

    Also last week, National Australia Bank Ltd (ASX: NAB) shares reached a nine-year high of $36.42.

    Also, Bendigo and Adelaide Bank Ltd (ASX: BEN) hit its highest price in almost five years at $11.42.

    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
    Utilities (ASX: XUJ) 4.21%
    Financials (ASX: XFJ) 2.08%
    Healthcare (ASX: XHJ) 1.92%
    Communication (ASX: XTJ) 1.86%
    Consumer Staples (ASX: XSJ) 1.71%
    Consumer Discretionary (ASX: XDJ) 1.03%
    A-REIT (ASX: XPJ) 0.76%
    Energy (ASX: XEJ) 0.75%
    Industrials (ASX: XNJ) (0.24%)
    Information Technology (ASX: XIJ) (0.62%)
    Materials (ASX: XMJ) (1.08%)

    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 Agl Energy Limited right now?

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    Motley Fool contributor Bronwyn Allen has positions in Commonwealth Bank Of Australia. 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 positions in and has recommended Apa Group and Bendigo And Adelaide Bank. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • A US Navy carrier strike group is headed home after months battling the Houthis in the Red Sea

    Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7.
    Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian Navy in the Red Sea.

    • A US Navy carrier strike group that's fought the Houthis for months is finally returning home.
    • The Dwight D. Eisenhower Carrier Strike Group left the Middle East on Saturday, the Pentagon said.
    • It will soon be replaced by the USS Theodore Roosevelt Carrier Strike Group.

    The US Navy carrier strike group that's been battling the Houthis in the Red Sea is finally heading home after spending months in the region protecting shipping lanes from relentless attacks by the Iran-backed rebels.

    The Dwight D. Eisenhower Carrier Strike Group left the Middle East on Saturday and will remain briefly in the US European Command area of responsibility before returning stateside. It will not see its deployment extended for a third time.

    Its departure follows "more than seven months deployed in support of US regional deterrence and force protection efforts," Pentagon Press Secretary Maj. Gen. Pat Ryder announced in a statement.

    The USS Theodore Roosevelt Carrier Strike Group, operating in the Indo-Pacific region, will soon head to the Middle East to replace the strike group.

    The Eisenhower strike group — which consists of the aircraft carrier Ike and several other warships — originally deployed to the Eastern Mediterranean in October but was quickly redirected to the Middle East to defend shipping lanes from unrelenting Houthi attacks.

    Since then, the Eisenhower strike group has intercepted scores of missiles and drones — both in the air and in the water — and also targeted the rebels directly in Yemen. These have been a mix of joint strikes alongside the British military and preemptive strikes designed to eliminate a threat before the Houthis can launch it.

    "During its deployment, the IKE CSG protected ships transiting the Red Sea, Bab-el-Mandeb and the Gulf Aden, rescued innocent mariners against the unlawful attacks from the Iranian-backed Houthis, and helped to deter further aggression," Ryder said.

    The reshuffling of American naval assets comes amid concerns over the long-term sustainability of the counter-Houthi operations. US intelligence suggested last month that the Houthi threat is likely to remain active for some time, and Defense Secretary Lloyd Austin had already extended the Eisenhower strike group's deployment twice.

    During its time in the Red Sea, the strike group fired off more than 500 munitions, totaling some $1 billion, and sailed more than 55,000 miles. Its aircraft have also flown over 30,000 hours.

    Despite the Eisenhower's presence, the Houthis continue to attack shipping lanes. The rebels have already struck multiple commercial vessels in June alone, including one with a naval drone for the first time since they began their campaign in the fall.

    Ryder, meanwhile, said the Roosevelt strike group will leave the Indo-Pacific region next week upon completion of a scheduled exercise and sail for the Middle East "to continue promoting regional stability, deter aggression, and protect the free flow of commerce in the region."

    Read the original article on Business Insider