• He once rode in the Titan submersible but didn’t realize how close he came to death until a year after its fatal dive

    Four men sit inside the small hull of OceanGate's Titan submersible.
    Karl Stanley, far left, dove inside an earlier version of OceanGate's Titan submersible with the company's CEO, Stockton Rush.

    • Karl Stanley rode inside OceanGate's Titan submersible in April 2019.
    • He raised concerns to OceanGate CEO Stockton Rush over the ship's hull shortly after that trip.
    • He only learned the true extent of the sub's problems a year after Titan's fatal implosion.

    An early passenger on OceanGate's Titan submersible didn't realize how close he was to experiencing the "catastrophic" failure that sealed the vessel's fate in 2023 until a year after the incident.

    In April 2019, Karl Stanley, a fellow submersible expert, joined his peer, OceanGate CEO Stockton Rush, near the Bahamas to take a dive in an early iteration of the Titan vessel.

    Stanley, Rush, and two other passengers successfully plunged more than 12,000 feet — a depth that closes in on the Titanic's wreckage, which sits at the bottom of the Atlantic at about 12,500 feet.

    But Stanley left with concerns.

    In emails shared with Business Insider, Stanley warned Rush about a possible defect in the hull after hearing a cracking sound.

    "I think that hull has a defect near that flange, that will only get worse," Stanley wrote to Rush in May 2019. "The only question in my mind is will it fail catastrophically or not."

    Stanley urged Rush to take precautions and conduct more tests on the vessel before taking on passengers. But those warnings were largely ignored.

    An investigative report published by Wired on June 11 — nearly a year after the fateful Titan expedition revealed how OceanGate CEO Rush was adamant about cutting costs to build his ship and repeatedly downplayed warnings from his colleagues.

    Stanley told BI in a recent interview that he didn't know the extent of the hull's problem — and just how close he was to danger during his dive with Rush — until he read the Wired piece.

    The Titan submersible, a cylindrical vessel with a small hatch at the front, diving in dark blue waters.
    OceanGate Expeditions' Titan submersible.

    Emails between the OceanGate CEO and Stanley shared with BI last year showed Rush dismissing Stanley's concern with the Titan's hull. The CEO wrote at the time that "one experiential data point is not sufficient to determine the integrity of the hull."

    However, according to the Wired report, Rush also became concerned about "loud noises the hull was making at depth" around the time of the expedition with Stanley.

    According to the report, the issues with the vessel weren't fully confronted until two months after Stanley's dive and just three weeks before the Titan was going to make a trip to the Titanic.

    An inspection revealed a crack in the Titan's hull that an unnamed OceanGate pilot described to Rush as "pretty serious," Wired reported.

    An internal report viewed by Wired later showed at least an 11-square-foot area where the layers of the carbon fiber hull had separated. According to Wired, this defect forced Rush to delay the trip to the Titanic and build another Titan submersible.

    'The more evidence that comes to light, the more my position is reinforced'

    Stanley told BI that he was shocked to read the Wired's report revealing more information about his 2019 dive with Rush.

    "The doomsday clock got a little bit closer to midnight," Stanley said. "I knew that the hull was not doing great, but the [report on the] visible damage blew my mind."

    Stanley said, as more information comes out about the Titan incident, he's frustrated with the people close to Rush, who he felt could've done more to stop the CEO from succumbing to his own ambitions.

    "The more evidence that comes to light, the more my position is reinforced," he said. "Stockton had to know on some level how this would end."

    On June 18, 2023, a little over four years after Stanley's trip, Rush and four other passengers, who each paid up to $250,000 for a seat inside the Titan, dove to the historical wreckage.

    Less than two hours into the dive, the Titan lost communications with its mothership at the surface, sparking a massive international search and rescue effort.

    Five days later, US Coast Guard officials announced that the Titan imploded due to a "catastrophic loss of the pressure chamber." The five passengers, including Rush, were instantly killed.

    A federal investigation into the implosion continues to this day.

    A venture driven by ego

    A spokesperson for OceanGate, which ceased all operations shortly after the Titan catastrophe, could not be reached for comment.

    Guillermo Söhnlein, the OceanGate co-founder who left the company in 2013, maintained some communication with Rush but told BI in an interview that he can't say if he would've told the CEO to do anything differently because he wasn't always aware of what was happening at the company after his departure.

    While he agreed that Rush's Titan project was driven by ego, Söhnlein said that the trait comes with any ambitious innovator, especially in the field of exploration.

    "Karl built two of his subs in a garage," Söhnlein, who recently spoke with Stanley, said. "Talk about the manifestation of your ego. He's one of the most experienced sub pilots in the world now."

    Stanley continues to operate his submersible for tourists in Honduras. He told BI that last year was his 25th year in business.

    "I just surfaced from a 4-hour dive," Stanley wrote to BI on Thursday. "So, I guess things are going well."

    Read the original article on Business Insider
  • Why these strong ASX ETFs could be top long term picks

    A group of young ASX investors sitting around a laptop with an older lady standing behind them explaining how investing works.

    If you want to make some long term investments with your hard earned money but aren’t a fan of stock-picking, don’t worry. That’s because there is a solution.

    The solution is exchange-traded funds (ETFs).

    These funds allow investors to buy a large number of companies in one fell swoop. This can be an entire index, a whole country, a specific sector, or a group of shares with certain qualities or characteristics.

    But which ASX ETFs could be great long term picks for investors today? Let’s take a look at three candidates:

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    If we’re talking long term, then you want to invest in the best. And the BetaShares NASDAQ 100 ETF is home to 100 of the best companies that the world has to offer.

    These are the 100 largest non-financial shares on the famous NASDAQ index. The ETF is heavily focused on technology, with many of the best-known tech giants held by the fund. This includes those that provide the search engines, streaming services, mobile phones, spreadsheets, electric vehicles, and online shopping platforms we use daily.

    Among its largest holdings are Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA).

    VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

    Another cracking long term option for investors could be the VanEck Vectors Morningstar Wide Moat ETF.

    That’s because it has been designed to invest in the type of companies that legendary investor Warren Buffett would buy. And given how he built his wealth through buy and hold investing, this bodes well for investors buying this ASX ETF.

    The VanEck Vectors Morningstar Wide Moat ETF focuses on investing in high quality companies with sustainable competitive advantages (wide moats) and fair valuations. The ETF has beaten the market over the last decade, so the strategy clearly has a lot of merit.

    Betashares Global Cash Flow Kings ETF (ASX: CFLO)

    A third ASX ETF to look at is the Betashares Global Cash Flow Kings ETF.

    It provides investors with access to global companies with strong free cash flow. Betashares notes that the fund can serve as a core exposure to global equities or alongside existing low-cost passive global ETFs to enhance a portfolio’s emphasis on cash-generating companies.

    The fund manager recently named it as one to consider buying when interest rates start to fall.

    Among its holdings at present are Google parent Alphabet (NASDAQ: GOOG), payments giant Visa (NYSE: V), and cyber security leader Accenture (NYSE: ACN).

    The post Why these strong ASX ETFs could be top long term picks appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Global Cash Flow Kings Etf right now?

    Before you buy Betashares Global Cash Flow Kings 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 Global Cash Flow Kings 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 5 May 2024

    More reading

    Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. 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 Accenture Plc, Alphabet, Apple, BetaShares Nasdaq 100 ETF, Nvidia, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Apple, Nvidia, and VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 reasons ASX uranium stocks can keep charging higher into 2025

    A miner stands in front oh an excavator at a mine site

    If you were to gauge the outlook of ASX uranium stocks by the past month’s performance, you might be tempted to throw in the towel.

    After enjoying some of the strongest share price gains among any group of companies, Australia’s top uranium shares have all lost ground over the last four trading weeks.

    The selling pressure has come amid a roughly 8% decline in uranium prices over the last month.

    Four weeks ago, uranium was trading for US$93 a pound. Currently, the radioactive metal is fetching US$86 per pound, well down from the 16-year highs of US$106 per pound reached in early February this year.

    Still, bear in mind that in 2023 uranium prices averaged just US$67 per pound in 2023. And back in 2021 the spot price for yellow cake averaged around only US$30 per pound.

    Still, with the past month’s retrace, investors have been quick to hit the sell button.

    Here’s how these five top ASX uranium stocks have performed since this time last month:

    • Paladin Energy Ltd (ASX: PDN) shares are down 13.56%
    • Bannerman Energy Ltd (ASX: BMN) shares are down 8.22%
    • Deep Yellow Limited (ASX: DYL) shares are down 10.19%
    • Boss Energy Ltd (ASX: BOE) shares are down 26.86%
    • Alligator Energy Ltd (ASX: AGE) shares are down 8.33%

    For some context, the All Ordinaries Index (ASX: XAO) is down 0.2% over this same period.

    Despite that retrace, longer-term shareholders will still be sitting on some outsized gains.

    Here’s how these ASX uranium stocks have performed over the past 12 months, a period that’s seen the All Ords return 8.5%.

    • Paladin shares are up 99.30%
    • Bannerman shares are up 142.17%
    • Deep Yellow shares are up 86.54%
    • Boss Energy shares are up 33.12%
    • Alligator Energy shares are up 37.50%

    That’s more like it!

    Now here’s why I think these companies could continue to outperform.

    Why ASX uranium stocks could outshine

    The first reason I remain bullish on ASX uranium stocks is the rapidly changing global public opinion surrounding nuclear power.

    Nuclear energy was all but off the table following the 2011 Fukushima disaster in Japan.

    But with climate change at the top of many nations’ agendas, we’ve seen a big turnaround in sentiment for the reliable, carbon-free baseload power offered by both the newer design modular and traditional large scale nuclear reactors. Though disposing of the radioactive waste remains an ongoing concern.

    The second reason ASX uranium shares could charge higher once more is the massive forecast demand growth that’s come along with this shift in public sentiment.

    Currently, more than 60 nuclear power plants are under construction worldwide. Another 90 are in the planning stages, with hundreds more being considered.

    China and India lead the charge in building new nuclear plants, but other nations are also doing so, including Japan, South Korea, Russia, and Brazil.

    Indeed, it was only back in December that 22 nations at the COP28 climate conference – including Japan, the United States and France – pledged to triple their nuclear power capacity by 2050.

    And the third reason ASX uranium stocks could continue to reward investors into 2025 and beyond is that there is very limited supply growth to meet that booming demand growth.

    According to the World Nuclear Association, global demand is likely to outpace global supply through to 2040.

    And over the medium term, a number of nations are turning their backs on Russia’s uranium exports amid its ongoing invasion of Ukraine.

    The US has gone so far as to ban Russian uranium imports, a ban that drew the attention of Boss Energy managing director Duncan Craib this week.

    Craib said, “US President Joe Biden’s recent signing of legislation to ban the importation of uranium products from Russia … was a game-changing event for the uranium market and in particular for uranium projects in North America and Australia.”

    And with Australia sitting on the world’s largest proven uranium reserves, I reckon ASX uranium stocks are well-placed to capitalise on the ongoing supply and demand imbalances.

    The post 3 reasons ASX uranium stocks can keep charging higher into 2025 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Alligator Energy Limited right now?

    Before you buy Alligator Energy 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 Alligator Energy 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 5 May 2024

    More reading

    Motley Fool contributor Bernd Struben 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.

  • Top brokers name 3 ASX shares to buy next week

    Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today

    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:

    BHP Group Ltd (ASX: BHP)

    According to a note out of Citi, its analysts have retained their buy rating and $48.50 price target on this mining giant’s shares. The broker points out that its global commodities team has become more bullish on copper and lifted its forecast by 20% to US$12,000 per pound. This is to reflect increased demand due to the decarbonisation megatrend. In light of this, Citi has lifted its earnings estimates for the coming years. Another positive is that the broker is now forecasting an attractive ~6% dividend yield from the Big Australian’s shares in FY 2025. This gives the total potential 12-month return a nice boost. The BHP share price ended the week at $43.09.

    Capricorn Metals Ltd (ASX: CMM)

    A note out of Bell Potter reveals that its analysts have retained their buy rating on this gold miner’s shares with an improved price target of $6.53. The broker believes that recent share price weakness has created a very attractive opportunity for investors to buy Capricorn Metals’ shares on the cheap. Especially given the recent announcement of a 26% increase in ore reserves at the 100%-owned Mt Gibson Gold Project in Western Australia. Bell Potter also highlights that the company has sector leading cash generation and strong production record, which it believes means that it deserves to trade at a premium to sector average valuation metrics. The Capricorn Metals share price was fetching $4.46 at the end of the week.

    QBE Insurance Group Ltd (ASX: QBE)

    Analysts at Goldman Sachs have retained their buy rating and $20.90 price target on this insurance giant’s shares. The broker points out that QBE has recently held a number of investor meetings. Goldman highlights that management conveyed greater confidence on the delivery of its 95% combined operating ratio (COR) in North America by 2025. This is a big positive as the lower the COR, the more profitable QBE’s operations are. As a result, Goldman believes that there is now upside risk to the FY 2025 consensus group COR of 92.8%. In fact, it sees under 92.5% as possible, reflecting the improvement in North America, a North America non-core run off, and organic trends. The QBE share price ended Friday’s session at $18.31.

    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 Bhp Group right now?

    Before you buy Bhp 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 Bhp 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

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 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.

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

    A businessman sits on a chair looking at a pile of chairs stacked up to the ceiling of a white empty room.

    ASX consumer discretionary shares led the ASX 200 market sectors last week with a minor 0.36% gain over the five trading days.

    Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 1.48% to finish the week at 7,724.3 points.

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

    Let’s recap.

    Consumer discretionary shares led the ASX 200 sectors last week

    ASX 200 consumer discretionary shares are arguably the most susceptible to weakness in today’s inflationary economy, amid high interest rates and the weakest economic growth since COVID.

    As we learned earlier this month, gross domestic product (GDP) rose 0.1% in the March quarter and just 1.1% over 12 months.

    Such economic conditions generally encourage people to restrict their discretionary spending, as evidenced by household spending data released by the Australian Bureau of Statistics last week.

    The data showed Australians are having to allocate more of their money to essential items and cut back on discretionary items.

    Robert Ewing, ABS head of business statistics, said:

    We saw a 5.8 per cent rise in spending on non-discretionary goods and services, with households also spending more on fuel and food. In contrast, discretionary spending rose 0.6 per cent over the year as households continue to limit their spending on non-essentials.

    One factor supporting discretionary spending is low unemployment. Data released by the ABS last week revealed the jobless rate fell by 0.1% in seasonally adjusted terms in May to 4%.

    What else happened last week?

    United States inflation data released last week suggested global inflation was resuming a downward path.

    The US core consumer price index (CPI), which excludes volatile items like food, increased by 0.2% in May. That put the CPI at 3.4% year over year, the lowest inflation rate in three years.

    If inflation falls, so will interest rates, and anything indicating this gets the markets excited these days.

    The S&P 500 Index reset its all-time again, and ASX 200 shares lurched forward on Thursday on the news, which prompted speculation the same trend would eventuate here.

    After its last board meeting in May, the Reserve Bank said it “remains vigilant to the risk of continued high inflation and is not ruling anything in or out” in relation to rate cuts or even a further hike in 2024.

    There has been concern that inflation may prove stickier than expected during what economists refer to as the ‘last mile’ of reducing it from 3.6% now to the RBA’s target band of 2% to 3%.

    Is there any chance of an interest rate cut in Australia when the Reserve Bank board meets on Tuesday? Find out here.

    Which discretionary retail stocks outperformed last week?

    Among the best performers last week was Tabcorp Holdings Ltd (ASX: TAH), up 7.91% over the five trading days to close at 66 cents on Friday. This was despite no news from the company.

    JB Hi-Fi Ltd (ASX: JBH) shares also did well, rising 5.71% to finish at $63.28 on Friday.

    The biggest of the ASX 200 consumer discretionary stocks, Wesfarmers Ltd (ASX: WES), lifted 1.23% to close at $67.90 on Friday.

    The Super Retail Group Ltd (ASX: SUL share price rose by 1.06% over the week to finish at $13.38.

    Harvey Norman Holdings Limited (ASX: HVN) shares gained 0.78% to close at $4.50 on Friday. 

    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
    Consumer Discretionary (ASX: XDJ) 0.36%
    Information Technology (ASX: XIJ) 0.14%
    Healthcare (ASX: XHJ) (0.17%)
    Consumer Staples (ASX: XSJ) (0.46%)
    Financials (ASX: XFJ) (1.12%)
    Energy (ASX: XEJ) (1.47%)
    Communication (ASX: XTJ) (1.52%)
    A-REIT (ASX: XPJ) (1.56%)
    Industrials (ASX: XNJ) (2.44%)
    Utilities (ASX: XUJ) (2.64%)
    Materials (ASX: XMJ) (4.28%)

    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 Harvey Norman Holdings Limited right now?

    Before you buy Harvey Norman Holdings 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 Harvey Norman Holdings 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 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has positions in Harvey Norman. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Harvey Norman and Wesfarmers. The Motley Fool Australia has recommended Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • This fund returned 30% per annum for 3 years. Here are the ASX shares it’s buying now.

    A happy miner pointing.

    As we near the halfway point of 2024, many investors may be wondering if now is a good time to buy ASX shares. But where to start?

    Checking where the experts are positioned is a good place.

    The Perennial Natural Resources Trust has delivered impressive returns of 30% per annum over the last three years. It believes ASX resources stocks could offer compelling value in the future.

    With stocks such as BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) often the first Australian resource companies that come to mind, some might forget there is a whole universe of commodity stocks on the ASX.

    Here’s a look at the ASX shares the fund is bullish on and whether they are suitable ASX shares to buy.

    Undercovered commodity shares

    Perennial’s resources fund, headed up by Sam Berridge, has returned 32.3% in the year to May 31, with notable gains from commodities like gold, lithium, uranium, rare earths, and bauxite.

    According to the Australian Financial Review, the fund has shown a keen interest in Brazilian Rare Earths Ltd (ASX: BRE).

    “We’ve had solid runs from gold, lithium, uranium, rare earths, and bauxite at different points over the last four years”, Berridge said.

    He says one of these “big winners” included Brazilian Rare Earths. The company is Australian-based but has exploration sites for rare earths and critical minerals in Brazil and operates the Rocha da Rocha Critical Minerals project there.

    This diversification away from traditional resources such as iron ore is critical to the fund’s strategy, which involves buying ASX shares in the commodity space.

    The commodity sector is becoming more diverse, with new boutique metals periodically rising to prominence due to some energy-related change in demand.

    As such, players like Brazilian Rare Earths with exposure to critical minerals fit this bill well. Regarding the company’s prospects, Berridge notes that it has “plenty more to give.”

    Should you buy these ASX shares?

    The fund is also bullish on Capricorn Metals Ltd (ASX: CMM), an ASX-listed gold miner. Berridge said the ASX share has been a major contributor to its total 2024 return.

    But he said that investors could capitalise on the AI theme in commodities through DUG Technology Ltd (ASX: DUG). Regarding the thesis to buy the ASX share, he said:

    I think the most interesting direct exposure is DUG Technology. DUG makes most of its money by processing vast quantities of seismic data for oil and gas companies, but the compute it uses for this has ubiquitous applications.

    Its key advantage is the use of immersion cooling, in which the hard drives sit in gently circulating baths of oil. This is more energy-efficient and cheaper than air-conditioning whole rooms full of computers. Elsewhere, the energy demands for AI and data centres require immense amounts of power. It must be cheap 24/7 power so, in the short term, that means US gas.

    Leading brokers are also bullish on Capricorn Metals. Analysts at Bell Potter recently maintained a buy rating on the ASX share with a price target of $6.50 per share. According to my colleague James, the broker said the company deserved to be traded at a premium.

    Foolish takeaway

    According to the Perennial Resources Fund, investors looking to buy ASX shares may find potential in Capricorn Metals and Brazilian Rare Earths.

    The Brazilian Rare Earths share price is trading 70% higher year to date, while shares in Capricorn Metals are down 5.3% over the same period. Dug Technology shares are up 34.7% since January this year.

    As always, remember to conduct your own due diligence before investing.

    The post This fund returned 30% per annum for 3 years. Here are the ASX shares it’s buying now. appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brazilian Rare Earths right now?

    Before you buy Brazilian Rare Earths 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 Brazilian Rare Earths 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 Zach Bristow 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 Dug Technology. The Motley Fool Australia has recommended Dug Technology. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Soaring fast food prices encourage Big Mac junkies to cook at home

    Two men cook at home using a pan
    Some Americans say they're cooking more at home as fast-food prices soar.

    • Americans are annoyed about soaring fast-food prices.
    • Some diners are turning to independent restaurants, casual dining chains, and home cooking instead.
    • Some say they'd rather pay a few extra dollars to have a sit-down meal with their family at Chili's or Applebee's.

    As fast-food prices continue to soar, Americans are looking for ways to get more bang for their buck.

    Some say they're switching to local Latin restaurants and casual dining chains.

    Others are just buying more groceries and cooking at home instead.

    Like fast-food prices, grocery prices soared during the pandemic. But grocery prices are now largely back to pre-pandemic levels, while inflation at limited-service restaurants still remains elevated.

    And some consumers see the benefit of cooking healthier meals at home.

    Young woman browses produce in a grocery store
    Some people are choosing to cut more at home instead of spending on fast food.

    Chad Frye, a cartoonist and illustrator in California, said that he used to be a "fast-food junkie," eating it around four or five times a week, but that he has cut this down to about twice.

    "I do a lot more cooking at home now," Frye said. "It's much more economical."

    Thomas Valentine, a 32-year-old from Arizona, said he generally buys prepackaged meals from grocery stores.

    "The most cooking I'll do is throw some chicken thighs in the oven and make some instant potatoes or some ramen," he said.

    For Jordan Sanchez, a 27-year-old loader for a delivery company who lives in California, eggs and chicken tenders are the go-tos. He said he's started cooking more, both for his health and because of the rising costs of fast food.

    Lawrence Milford's family, meanwhile, is recreating a fast-food favorite at home.

    To mimic the taste of dining out, the 48-year-old financial planner from Florida, who has two kids, said his wife sometimes cooks McDonald's-like burgers "to make the kids happy."

    Grocery stores are fast-food chains' biggest rivals

    Executives are spotting the shift toward home cooking, too.

    "Many customers are being more exacting about where and how they choose to spend their money," Starbucks CEO Laxman Narasimhan told investors at the company's last earnings call, adding that some customers had been saving money by eating more at home.

    McDonald's has acknowledged this, too.

    It all comes down to the "delta" — or the gap — between grocery and restaurant inflation, Danilo Gargiulo, a restaurant analyst at Bernstein, previously told BI.

    After all, groceries, not rival restaurants, are the biggest competitors to fast-food chains because people are trying to decide whether to eat at home or get fast food, he said. When fast-food prices rise at a faster rate than grocery prices, consumers notice.

    Some grocery stores are seeing the effects of customers' changing habits. Walmart US CEO John Furner said at an Oppenheimer conference this week that shoppers had started buying more home-cooking ingredients, such as fresh produce, proteins, and dairy.

    R.J. Hottovy, head of analytical research at Placer.ai — an analytics company that tracks footfall — told BI that there had been a shift in traffic away from fast-food chains toward full-service restaurants and discount grocery stores in recent weeks. He attributed this to the price increases at fast-food chains.

    Diners are turning to Chili's, Applebee's, and Mexican restaurants

    As well as cooking more, people are changing where they dine to save money.

    Some consumers told BI they're opting for casual-dining chains, independent restaurants, and their neighborhood Mexican and Latin eateries, meaning they can get better-quality food and enjoy a sit-down meal with their families.

    "You can get something that tastes really good for almost the same price at a sit-down," Frye said.

    Family-friendly casual-dining chains like Applebee's and Chili's typically have broad menus and offer some entrées for under $15. For many diners, it's about the value proposition.

    The exterior of the West St. Paul, Minnesota Applebee's Neighborhood Grill + Bar restaurant.
    Family-friendly casual-dining chains like Applebee's and Chili's typically have broad menus.

    When Martin Jennings, a 51-year-old truck driver from Florida, and his wife dine out with their kids, they try to visit sit-down restaurants like Chili's or TGI Fridays "and have better quality food than [getting] a hamburger through the drive-thru."

    "And it's only a few dollars more. Honestly, it seems lately the only thing we pay extra for is a tip," Jennings said.

    For similar reasons, some diners say they're heading to independent restaurants, too.

    Brooks Ferrante, a 32-year-old construction worker in Florida, said he'd largely ditched McDonald's and Wendy's for fast-casual chains like Chipotle and local restaurants selling Cuban and Puerto Rican food. He typically spends $10 or $11 on a meal, including tips.

    Ben Heyworth, an account executive in Florida, has made a similar change to his dining habits.

    He told BI that some Mexican restaurants near where he live sold better-quality food than fast-food chains and charge between $10 and $15 for an entrée and drink.

    "I feel like I'm getting more value," he said. "You can sit down, it's got a good atmosphere, better service, better quality food, better options."

    Read the original article on Business Insider
  • Elon Musk’s pay package approval was a mistake and Tesla needs to keep him in check, some institutional shareholders say

    Elon Musk clasping his hands together.
    Elon Musk.

    • Tesla investors voted on Thursday to approve Elon Musk's multibillion-dollar pay package.
    • However, some institutional shareholders told BI that Musk's award was a mistake.
    • One investor questioned if Musk is the right person to continue leading Tesla.

    Some institutional Tesla shareholders told Business Insider that approving Elon Musk's record-shattering pay package was a mistake and that they have lingering concerns about Musk's ability to lead the company.

    Investors representing about 72% of the company's shares voted on Thursday to green-light Musk's $55 billion pay package, which was struck down by a Delaware court in January. The vote doesn't immediately reinstate Musk's award, but it does provide Tesla lawyers with some ammunition when they make their case again in Delaware.

    Reuters reported that Vanguard, the largest institutional shareholder with a 7% stake in Tesla, voted to approve the pay package.

    Yet despite the majority approval of Musk's pay package, institutional shareholders who spoke to Business Insider were skeptical that the $55 billion stock option is commensurate with his performance and remained concerned about the company's leaders, including Musk.

    "Once again it has been solidified that Tesla is a great company with not so great governance," Anders Schelde, chief information officer of AkademikerPension, a Danish pension fund that invests in Tesla, told BI in an email. "We remain invested, but governance is red flag, and I seriously wonder if Tesla would be a better company with or without Mr. Musk, and I think many investors have the same doubts."

    AkademikerPension is one of eight institutional Tesla shareholders that cosigned a letter in May advising other investors to vote against both Musk's pay package and the reelection of James Murdoch and Musk's brother, Kimbal Musk, to seats on Tesla's board. Investors voted to retain both men on the board.

    It's unclear how many Tesla shares AkademikerPension owned as of June 14.

    Shareholders call for board oversight

    During Thursday's shareholder meeting, Musk challenged concerns from institutional shareholders, though he did not name specific investors.

    "Talking to a lot of the sort of big institutional investors … they're often in like New York, and they don't drive cars," Musk said at the meeting. "So I'll be like, 'Um, have you tried self-driving? You know, the version 12.3?' And they're like, 'Uh no.' OK, well, you should try it. That would be a good thing to do."

    New York City Comptroller Brad Lander, who also cosigned the May letter, told BI in an email that approving the pay package was a "mistake," but that the company should move forward with clear plans to steady growth and ensure Musk is focused on that goal.

    "We expect genuine board oversight and a CEO deeply committed to Tesla's growth rather than other ventures," Lander said in a statement. "The Board should ensure its approval is required for any attempts to leverage Tesla's resources for Musk's other ventures, aligning shareholder interests with company goals."

    Lander added that the the board should hire a "compensation consultation" to renegotiate an incentive plan for Musk that won't be dilutive to shareholders instead of defending the pay package in court.

    Lander's spokesperson told BI that as of April 30, the New York City Retirement System owned more than 3.4 million shares of Tesla stock.

    The California Public Employees' Retirement System, or CalPERs, which, according to the pension fund, owns about 9.2 million Tesla shares, has also been vocal about striking down Musk's pay package.

    A CalPERS spokesperson declined to comment but pointed to a statement released a day before the Thursday shareholder vote, which stated that Musk is "entitled to be well compensated for his work," but the current award package is excessive and "highly dilutive to shareholders."

    "This exorbitant compensation package is at odds with CalPERS' longstanding views on executive pay," CalPERS CEO Marcie Frost said in the statement. "The compensation is excessive when compared to executives at peer companies, highly dilutive to shareholders, and isn't tied to the long-term profitability of Tesla."

    Musk and a spokesperson for Tesla did not immediately respond to a request for comment.

    Read the original article on Business Insider
  • A nutrition expert and chef shares 7 foods for a healthy brain and gut that are always on her grocery list

    a portrait of Dr. Uma Naidoo next to an image of brain health foods like blueberries, walnuts, and dark chocolate.
    Foods like berries, chocolate, greens, and nuts help support a healthy gut and protect your brain at the same time.

    • Dr. Uma Naidoo is a Harvard-trained psychiatrist and professional chef.
    • She explains why eating well helps to fuel beneficial bacteria in the gut, supporting the brain. 
    • Simple grocery store staples like fresh herbs and leafy greens are great. So are blueberries.

    You can eat your way to a younger brain and healthier gut by stocking up on some basic ingredients from your local grocery store, according to a doctor and nutrition expert.

    Dr. Uma Naidoo is a Harvard-trained psychiatrist and professional chef featured in a new brain health class from MasterClass, which offers simple tips to help improve memory and focus while preventing cognitive decline that comes with aging.

    She told Business Insider that what you eat can significantly boost your brain health and mood while supporting your digestive system all at the same time.

    That's because the brain and the gut are closely connected — so much so that the gut is a key producer of neurotransmitters like serotonin that we need to maintain mental health and cognitive function.

    "People think of the brain as an above-the-neck concept that is unrelated to the rest of the body, but gut health is so critically important as well," Naidoo said.

    The upshot of the brain-gut connection is that eating well is a double win for your health, and you don't need expensive superfoods or supplements to do it. Naidoo's favorite brain-boosting staples on her grocery list include yogurt, dark chocolate, and fresh herbs.

    "The first and foremost thing I want people to really learn from this class is that healthy food can be delicious," she said. "All you need to do is add in very simple ingredients, easily accessible ingredients, whether it's leafy greens or herbs and spices."

    Yogurt and cottage cheese are rich in protein and gut-friendly probiotics

    Two of the major staples in Naidoo's fridge are plain yogurt and cottage cheese, known as probiotic foods. They're packed with beneficial bacteria from the fermentation process, which can help support the friendly microorganisms that live in the human digestive system. Both yogurt and cottage cheese are good protein sources to help you feel full, too.

    The key to making yogurt or cottage cheese a healthy breakfast or snack is being mindful of what you mix in. A lot of premade products or additives like granola can be high in sugar, too much of which is linked to potential health issues, including higher risk of anxiety and depression.

    Naidoo said she makes her own brain-food granola (the recipe is included in her book) with hearty oats, seeds as a source of healthy fats, and a bit of honey for natural sweetness.

    Nuts and berries are full of fiber for a healthy snack

    Popular snacks like chips and pasties are processed foods, which research has linked to worse mood and brain function.

    Naidoo's go-to snacks instead include nuts and berries, which provide plenty of fiber to keep your digestive system healthy.

    Berries are often recommended for brain health as part of eating plans like the MIND diet because they're packed with disease-fighting compounds called antioxidants.

    "We want to eat antioxidants because these fend off oxidative stress in the body and the brain," Naidoo said.

    Leafy greens may keep your brain younger

    Another easy way to eat healthier is to add a few servings of leafy green veggies to your regular meals, Naidoo said.

    Produce like spinach and kale contain high amounts of nutrients such as vitamin K and folate, and research suggests they're linked to healthier aging.

    Also, look for microgreens like cress, arugula, and pea shoots. These are easy to mix into recipes like salads for extra vitamins and minerals.

    "If I see microgreens, especially in the summer, I try to get some of those because that added to the top of my salad just is more nutrition for me," Naidoo said.

    Dark chocolate is a brain-boosting dessert

    Brain food can also include treats, according to Naidoo. Dark chocolate offers a wealth of minerals and a specific type of nutrient called flavanols, which are linked to cognitive benefits.

    "Not only is it a brain-healthy food, it's low in sugar. So rather than a candy bar, I have my patients get used to eating small chunks of extra dark natural chocolate," Naidoo said.

    For best results, avoid products with a lot of sugar or other additives and look for a high percentage (at least 70% cocoa) to get the most out of your chocolate. Enjoying chocolate in moderation is also key, since too much can cause you to overdo it on sugar and/or calories and offset the potential health benefits, research suggests.

    Naidoo added that pairing chocolate with citrus, like an orange or clementine, can make it even more nutritious since vitamin C helps the body absorb iron.

    Fresh herbs like basil and parsley add nutrients and make healthy food delicious

    Naidoo's training as a professional chef has taught her that healthy food can be delicious but doesn't have to be complicated.

    Stocking up on fresh herbs like basil and parsley can boost flavor and provide even more healthy benefits.

    In the brain health class for MasterClass, Naidoo shares recipes for brain-healthy foods like jerk cauliflower that you can make at home. Over time, you can explore your favorite herbs and spices to find flavors and recipes that work for your tastes and support good health.

    "The most important thing is that people understand how simple healthy food can be and that it is tasty, that they're not giving up flavor," Naidoo said.

    Read the original article on Business Insider
  • Tax-busters: 5 fully-franked ASX dividend shares I’d buy for FY25

    Five happy young friends on the coast, dabbing and raising their arms in the air.

    We’re now well into the month of June. That means many things… cold weather, short days, and end-of-financial-year sales. Maybe even a late payout from one of your ASX dividend shares. But it also means it’s nearly tax time.

    Yep, from 1 July, you can lodge your tax return for the 2024 financial year. Getting your taxes in line is a task that most of us probably don’t exactly look forward to.

    Hopefully, most readers will have a big refund coming their way. In the spirit of this time of year, it’s a great opportunity to think about some ASX shares you can buy if you wish to beef up your franking credit balance.

    As most dividend investors would know, franking credits are a major tax perk of owning ASX shares. They enable us to claim a tax deduction for the corporate taxes our companies have already paid on the dividends they dole out to us.

    Because of this transfer effect, these ‘tax-busting’ franking credits can make a significant impact on both our tax returns and overall wealth.

    So, with that in mind, there are five ASX dividend shares that I would happily buy over the coming 2025 financial year that all tend to pay healthy and fully franked dividends.

    5 fully-franked ASX dividend shares I’d buy to bust my taxes

    Telstra Group Ltd (ASX: TLS)

    First up is ASX 200 telco Telstra. Telstra has a long and well-known history of paying large, fully-franked dividend payments to its shareholders. This has continued over the past few years, with Telstra raising its most recent dividends pretty consistently.

    This is a strong company with a solid financial foundation, thanks to Telstra’s dominance of both the mobile and fixed-line internet market in Australia. And that makes for a good investment from a dividend perspective.

    Today, investors can expect a hefty dividend yield of around 5% if they buy Telstra stock at recent pricing.

    Woolworths Group Ltd (ASX: WOW)

    I have historically favoured Coles Group Ltd (ASX: COL) shares over arch-rival Woolworths when it comes to dividend income. However, the tables have turned a little in 2024, thanks to a significant drop in the Woolworths share price over the past 12 months.

    I like Woolies as a dividend investment for similar reasons to Telstra: a mature business model, and a defensive earnings base.

    Because Woolworths sells us goods that we need — rather than want — to buy, the company has a boosted capacity to pay out passive income in all forms of economic weather.

    At recent pricing, you could nab a fully-franked dividend yield of 3.22% from Woolworths shares.

    Westpac Banking Corp (ASX: WBC)

    It wouldn’t be a ‘best dividend shares’ list without at least one ASX bank stock. Our big four banks enjoy some unique benefits from an investing standpoint, including government support and a loyal customer base.

    Normally, my pick of the banks right now would be National Australia Bank Ltd (ASX: NAB). However, if one was prioritising dividend income, Westpac might be a better option to consider today.

    This bank is currently trading on a chunky dividend yield of 5.49%. Unlike ANZ Group Holdings Ltd (ASX: ANZ) stock, Westpac’s dividends still come with full franking credits attached too.

    BHP Group Ltd (ASX: BHP)

    Like the ASX banks and Telstra, BHP is a renowned source of dividends on the ASX. The ‘Big Australian’ has been paying out hefty, fully franked dividends for generations.

    Unlike most resources stocks, BHP has a rather diversified earning base, with the company having significant operations in iron ore, copper, potash and nickel.

    Although most resources stocks tend to pay cyclical dividends, this diversified earnings base gives BHP significant wiggle room compared to some of its rivals.

    BHP stock was recently trading on a fully franked dividend yield of 5.45%.

    Woodside Energy Group Ltd (ASX: WDS)

    ASX 200 oil and energy stock Woodside is our final dividend share to discuss. Woodside is the largest oil stock on the ASX, and a global giant. It has some of the lowest oil and gas production cost bases on the Australian markets.

    Since it only deals in energy commodities, Woodside doesn’t have that diversified earnings base that lends stability to its dividend.

    Even so, I think it’s a great option for income-hungry investors, because when oil and gas prices are high, Woodside tends to shower its investors with dividend cash.

    At last pricing, Woodside was trading with a fully franked dividend yield of 7.92%.

    The post Tax-busters: 5 fully-franked ASX dividend shares I’d buy for FY25 appeared first on The Motley Fool Australia.

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    Motley Fool contributor Sebastian Bowen has positions in National Austalia Bank and Telstra 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 positions in and has recommended Coles Group and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.