Tag: Motley Fool

  • Is the Wesfarmers share price a buy following the company’s latest results?

    a woman sits with a concerned look on her face at her computer in an home office environment.a woman sits with a concerned look on her face at her computer in an home office environment.

    The Wesfarmers Ltd (ASX: WES) share price has remained relatively flat since the release of the company’s full year results.

    At the end of the week, the conglomerate’s shares finished relatively flat with a slight 0.04% increase to $46.71 during its Friday trading session.

    Let’s take a brief look at how the company performed and what one prominent broker is saying.

    How did Wesfarmers perform in FY 2022?

    The Wesfarmers share price has been seesawing lately despite the company posting a strong second-half performance.

    As reported by my Motley Fool colleague Brooke Cooper, Wesfarmers delivered an 8.5% increase in revenue to $36.8 billion. This came on the back of the company’s strong recovery from COVID-19 lockdowns and absenteeism in the first half of FY 2022.

    On the bottom line, Wesfarmers experienced a slight fall of 1.2% in net profit after tax (NPAT) to $2.35 billion. 

    Subsequently, the board opted to declare a fully franked final dividend of $1 per share which was 11.1% higher than the prior corresponding period.

    On the day of the results, Wesfarmers shares dipped 1.15% to finish at $47.40.

    Are Wesfarmers shares a buy?

    One broker weighed in on the company’s shares following the release of its full-year results.

    The team at Goldman Sachs stated that Wesfarmers’ performance showed growth headwinds amidst higher investments.

    In that respect, the broker stated the following:

    We change our FY23/24 NPAT by 2.0% and 1.7% respectively to factor in the stronger results and updated outlook.

    Goldman Sachs rolled forward its valuation to be based on FY 2024 estimates and increased its Wesfarmers share price target to $38.90 apiece. Based on the current share price, this implies a downside of 16.7% for investors.

    Furthermore, its analysts reiterated a sell rating on Wesfarmers shares.

    Wesfarmers share price snapshot

    Over the past 12 months, the Wesfarmers share price has fallen by 19%. Likewise, the share is down 21% year-to-date.

    Wesfarmers commands a market capitalisation of around $53.30 billion, making it the tenth largest company on the ASX.

    The post Is the Wesfarmers share price a buy following the company’s latest results? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor Aaron Teboneras 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 Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Goldman Sachs says these ASX dividend shares are buys

    A group of stockbrokers sit in a room with several computer screens in front of them as they discuss the Zip share price and Zip's merger with Sezzle

    A group of stockbrokers sit in a room with several computer screens in front of them as they discuss the Zip share price and Zip's merger with Sezzle

    If you’re an income investor searching for new dividend shares to buy, it could be worth checking out the two listed below.

    Here’s why Goldman Sachs rates them as buys right now:

    Westpac Banking Corp (ASX: WBC)

    The first ASX dividend share that Goldman Sachs rates highly is banking giant Westpac.

    Goldman currently has a buy rating and $26.55 price target on its shares.

    Its analysts believe that Westpac provides investors with strong leverage to rising rates. In addition, while the broker believes that Westpac’s $8 billion FY 2024 cost target is unachievable, it still forecasts a healthy 7% reduction in underlying expenses. All in all, it is expecting this to drive solid earnings and dividend growth through to FY 2024.

    In respect to the latter, Goldman is forecasting fully franked dividends per share of $1.23 in FY 2022 and $1.35 in FY 2023. Based on the current Westpac share price of $21.40, this will mean yields of 5.75% and 6.3%, respectively, over the next two years.

    Woolworths Group Ltd (ASX: WOW)

    Another ASX dividend share that Goldman Sachs is a fan of is retail giant Woolworths.

    Its analysts were pleased with Woolworths’ performance in FY 2022. The broker highlights that the company’s “results were of high quality with AU supermarket comp store growth of 5.2% in 4Q22 driven by strong price and positive mix.” The good news is that Goldman expects this trend to extend into the first half of FY 2023.

    In light of this and its positive long term outlook thanks to its digital and omni-channel advantage, Goldman has a conviction buy rating and $44.10 price target on the company’s shares.

    As for dividends, the broker is forecasting fully franked dividends per share of $1.07 in FY 2023 and $1.16 in FY 2024. Based on the current Woolworths share price of $36.70, this will mean yields of 2.9% and 3.2%, respectively.

    The post Goldman Sachs says these ASX dividend shares are buys appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Should investors ‘buy the dip’ in Lynas shares right now?

    A blockchain investor sits at his desk with a laptop computer open and a phone checking information from a booklet in a home office setting.A blockchain investor sits at his desk with a laptop computer open and a phone checking information from a booklet in a home office setting.

    The Lynas Rare Earths Ltd (ASX: LYC) share price fell 4.6% on Friday, now down 24.6% over the past six months.

    Shares of the rare earth mining company finished Friday at $8.30 each. During the session, they made an intraday high of $8.68 each.

    The S&P/ASX 200 Materials Index (ASX: XMJ) has declined less over the past six months, losing 14.89%.

    So the Lynas share price has clearly been sold off. The question is whether investors should fill their bags with the company’s shares or not?

    Recently Lynas was put under a bullish spotlight courtesy of a broker. Let’s find out what they said.

    What did the broker say?

    Lynas was named among five ASX rare earth production shares by Datt Capital chief investment officer Emanuel Datt as being hot picks, as the Motley Fool reported previously.

    These rare earth companies were chosen due to the rising geopolitical tensions between China and the West.

    Datt said:

    Should the Taiwan situation worsen and/or should China use force to control Taiwan, it’s likely there will be sanctions on goods sold to China and restrictions of the supply of strategic materials exported by China.

    Datt continued:

    China produces around 80% of the rare earth elements globally. And given their critical nature in the production of a wide range of modern technologies, a logical first step would be China restricting this supply to the rest of the world in which it is in disagreement.

    Besides recommending Lynas, it was also reported that Datt personally bought an undisclosed amount of Lynas shares, cementing his opinion that the company is the “gold standard” of rare earth producers.

    Lynas reported its earnings Friday last week, which sent its share price soaring on 244% gains, amid my Fool colleague Tony observing “revenue, net profit and earnings all made massive leaps”.

    Lynas Rare Earths share price snapshot

    The Lynas share price is down 24.8% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is only down 10% over the same period.

    The company’s market capitalisation is $7.85 billion.

    The post Should investors ‘buy the dip’ in Lynas shares right now? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor Matthew Farley 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.

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  • Should ASX investors worry about this expert’s stock market crash prediction?

    A worried man in a business suit sits at his desk with his fist in his mouth while looking at his laptopA worried man in a business suit sits at his desk with his fist in his mouth while looking at his laptop

    S&P/ASX 200 Index (ASX: XJO) investors could be feeling wary of an article posted by Grantham, Mayo, & van Otterloo (GMO) co-founder and chief investment strategist Jeremy Grantham on Wednesday this week.

    Grantham has a track record of successfully predicting financial crises. He predicted the dot-com bubble in the 90s and the subprime mortgage crisis that occurred in 2007.

    Grantham stated that the United States stock market, as well as the economy in general, is in a “superbubble”. He cited the expensive valuations of most types of assets, including stocks, bonds, housing, and commodities. He called them “critically overpriced and now rapidly losing momentum”.

    These premium valuations, combined with a perceived bear market rally for the S&P 500 in June, and deteriorating fundamentals of the economy, foreshadowed previous superbubble explosions.

    He said the headwinds of COVID-19, the invasion of Ukraine, inflation, and supply chain shortages would undermine the fundamentals of shares, with rising interest rates and commodity shocks rocking the boat further.

    Grantham stated today’s superbubble consists of several dangerous elements observed from the collapse of previous superbubbles. He said: “If history repeats, the play will once again be a Tragedy. We must hope this time for a minor one.”

    So, should ASX 200 investors be worried about a stock market crash in the US and subsequently in Australia?

    Alternative points of view

    Not all experts are convinced by Grantham’s doom and gloom scenario. In fact, many question whether it’s possible to know if an asset bubble actually exists in the first place.

    This includes Motley Fool chief investment officer Scott Phillips who, in response to Grantham’s article, said:

    Is there a bubble? Realistically, no-one knows. Sometimes high prices are bubbles in hindsight. The tech crash of 1999/2000 is a great example. Other times, they simply reflect optimism that ends up being well-placed. How can you tell? You can’t.

    I’m not going to tell you there’s no chance we’re in a bubble — that’s as impossible as saying we definitely are… and around and around we go. And so? Well, if you can’t know when we’re in a bubble — and similarly, you can’t know when a slump will end — I think the best option is to fall back on the investor’s friend — dollar cost averaging.

    Sure, I’d love to know if we were, but because I can’t, I focus on what I can control: regular saving and investing; being diversified and choosing my investments well, and letting time do the work.

    Furthermore, Grantham provides some falsifiability to his thesis of the impending crisis, noting:

    If the bear market has already ended, the parallels with the three other U.S. superbubbles – so far so strangely in line – would be completely broken. This is always possible.

    The arguments against

    As my US Fool colleague, Keith Speights, noted on Monday, the S&P 500 is technically not in a bear market just yet. That’s based on the standard barometer of the index losing a minimum of 20% from the recent high. However, the NASDAQ does meet this criterion.

    So Grantham’s thesis could turn out to be correct but a large part of it hinges on the presence of a bear market. That hasn’t been proven yet for the world’s most important stock index. Therefore, his conclusion that a massive asset bubble is about to burst is also missing one of its key assumptions.

    Furthermore, my colleague Speights also noted that July data suggests that US inflation has possibly peaked. It observed a decline in house and gas prices, which takes the pressure off stocks.

    Lastly, Speights also penned that stocks could be entering a new bull market rather than a bear market rally. This is based on analysing previous bear markets and seeing encouraging signs of inflation abating in the country.

    The post Should ASX investors worry about this expert’s stock market crash prediction? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor Matthew Farley 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.

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  • Top brokers name 3 ASX shares to buy next week

    Broker written in white with a man drawing a yellow underline.

    Broker written in white with a man drawing a yellow underline.

    Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

    Here’s why brokers think investors ought to buy them next week:

    Macquarie Group Ltd (ASX: MQG)

    According to a note out of Morgan Stanley, its analysts have retained their overweight rating and increased their price target on this investment bank’s shares to $231.00. Morgan Stanley has upgraded its earnings estimates for FY 2023 to reflect favourable trading conditions. This is particularly the case for Macquarie’s commodity business, which the broker believes is benefiting from US gas prices. The Macquarie share price ended the week at $177.20.

    Megaport Ltd (ASX: MP1)

    A note out of Macquarie reveals that its analysts have retained their outperform rating and $11.00 price target on this network as a service company. Macquarie has been busy reviewing the technology sector following earnings season. It was impressed enough with Megaport to name it as its new top pick in the sector. The broker believes the market isn’t giving enough credit to the stickiness of Megaport’s product. The Megaport share price was fetching $6.91 at Friday’s close.

    REA Group Limited (ASX: REA)

    Analysts at Goldman Sachs have reiterated their conviction buy rating and $164.00 price target on this property listing company’s shares. Goldman Sachs has also been looking at the tech sector following earnings season. It was pleased with REA and continues to rate it as a conviction buy. The broker is forecasting solid earnings growth in the coming years. For example, in FY 2023 and FY 2024, Goldman is expecting net profit growth of almost 10% and 18%, respectively. from REA. The REA share price ended the week at $123.77.

    The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO, Macquarie Group Limited, and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Experts name 2 top ASX dividend shares to buy next week

    A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate

    A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate

    Are you looking for dividend shares to add to your income portfolio next week? If you are, then the two listed below could be top options.

    Analysts have recently rated these dividend shares as buys. Here’s why they rate them highly:

    GQG Partners Inc (ASX: GQG)

    The first ASX dividend share that has been tipped as a buy is fund manager GQG.

    The team at Goldman Sachs are positive on the company due to its strong investment performance, low fees, and attractive valuation. In respect to fees, Goldman highlights that GQG is in the lowest quartile among global peers. The broker also likes that GQG’s co-founders have the majority of their net wealth invested in the company and its investment strategies.

    Another positive is the attractive yield on offer with its shares. Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current GQG share price of $1.56, this will mean yields of 5.1% and 5.8%, respectively.

    The broker also sees decent upside for its shares with its buy rating and $1.92 price target.

    Wesfarmers Ltd (ASX: WES)

    Another ASX dividend share that has been tipped as a buy is Wesfarmers. It is the conglomerate behind a range of businesses such as Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

    The team at Morgans remains very positive on the company. Particularly after Wesfarmers delivered a full year result that was “comfortably above expectations” last week.

    Outside this, the broker likes the company due to its valuation. At 22x estimated FY 2023 earnings, the broker believes this is attractive for “a high-quality business with a diversified group of retail and industrial brands, solid balance sheet and strong leadership team.”

    As for dividends, the broker is forecasting fully franked dividends per share $1.82 in FY 2022 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $46.71, this will mean yields of 3.9% and 4%, respectively.

    Morgans has an add rating and $55.60 price target on Wesfarmers’ shares.

    The post Experts name 2 top ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • 2 exciting ETFs named as buys by experts

    A young woman sits with her hand to her chin staring off to the side thinking about her investments.

    A young woman sits with her hand to her chin staring off to the side thinking about her investments.

    If you’re wanting to buy some exchange traded funds (ETFs), then you certainly have a lot of options.

    But which ones could be buys? Two that have been tipped as buys by analysts are listed below. Here’s what they are saying about them:

    ETFS Battery Tech & Lithium ETF (ASX: ACDC)

    If you’re wanting to get some exposure to the decarbonisation megatrend, then the ETFS Battery Tech & Lithium ETF could be one way to do it.

    This popular ETF allows investors to buy a slice of companies involved in battery technology, electric vehicles, and lithium mining. This includes BYD, Mineral Resources Limited (ASX: MIN), Pilbara Minerals Ltd (ASX: PLS), Nissan, and Renault.

    Jessica Amir from Saxo Markets is positive on the ETF. Especially for investors that aren’t keen on stock picking in the lithium sector. She commented:

    If stock picking is not for you, and if you believe, like we do, that the electric vehicle industry and the critical minerals/ commodities will continue to see rising demand, and policy support, and also benefit from the world striving to be carbon neutral by 2050, then you could invest or trade in Global X Lithium & Battery Tech ETF (LIT) or ETFS Battery Tech & Lithium ETF (ACDC) that invests in about 30 of the biggest EV and battery technology companies in the world.

    ETFS S&P Biotech ETF (ASX: CURE)

    Another ETF that has been tipped as a buy is the ETFS S&P Biotech ETF. As its name implies, this ETF gives investors access to U.S. healthcare biotechnology companies.

    The fund manager notes that these companies are engaged in the research, development and manufacturing of products based on genetic analysis and genetic engineering. This includes the development of immunotherapy treatments and vaccines to treat human diseases.

    Among its largest holdings are ChemoCentryx, Global Blood Therapeutics, and Twist Bioscience.

    Felicity Thomas from Shaw & Partners is a fan of the ETF. She recently told Livewire:

    I like to buy ETFs for the long term. We have an ageing population, and what’s the most important thing in the world? Your health. Biotech, healthcare, and life sciences, that’s where you want to be invested over the next couple of decades.

    The post 2 exciting ETFs named as buys by experts appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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

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  • 2 small cap ASX shares that analysts rate as buys

    Investing in the small side of the share market carries more risk than other areas.

    But if your tolerance for risk allows for it, having a bit of exposure to this side of the market could be a boost for a balanced portfolio.

    This is due to the potential returns on offer from promising small caps. If you can catch a small cap before it becomes a mid cap or even a large cap, the returns could be sensational.

    With that in mind, here are two small cap ASX shares that analysts rate highly:

    Airtasker Ltd (ASX: ART)

    The first small cap ASX share that has been named as a buy is Airtasker.

    It is growing online marketplace for local services with an estimated total addressable market of $600 billion across Australia, the UK, and the US.

    Morgans is a big fan of the company. This is due to this significant market opportunity and its attractive business model. The broker also highlights that the company is operating in a market that is in the early stages of ecommerce adoption. It feels this puts Airtasker in a great position to benefit as the shift accelerates.

    At the end of July, the broker retained its add rating with a trimmed price target of $1.25. This is more than double the current Airtasker share price.

    PlaySide Studios Limited (ASX: PLY)

    Another small cap ASX share that has been tipped as a buy is PlaySide Studios.

    It is one of the largest video game developers in the ANZ region. Playside has developed a portfolio of games independently and in collaboration with studios such as Disney, Pixar, Warner Bros, and Nickelodeon.

    In addition, over the last couple of years, the company has signed a number of work for hire deals with games publishing giants including 2K Games and Activision Blizzard. This could see the company work on some major titles for these gaming giants, which has the potential to give its reputation a huge boost and support further work for hire contract wins.

    Last week, analysts at Ord Minnett retained their speculative buy rating and 85 cents price target. Based on the latest Playside share price of 67.5 cents, this implies potential upside of 26% for investors.

    The post 2 small cap ASX shares that analysts rate as buys appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 recommended Airtasker Limited. 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.

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  • Why did the Dogecoin price tumble 12% in August?

    A man wearing glasses and a purple vest holds his hand to his chin and wondersA man wearing glasses and a purple vest holds his hand to his chin and wonders

    The Dogecoin (CRYPTO: DOGE) price is up 2.5% over the past 24 hours, currently trading for 6.25 US cents.

    At that price, the crypto, which was created as a joke and features a Shiba Inu as its mascot, has a market cap of US$8.3 billion. This makes it the tenth biggest crypto in virtual circulation, according to CoinMarketCap. And that’s after falling 64% year to date.

    There’s today’s price action for you.

    Now, how did the Dogecoin price hold up in August, a month that saw the tech-heavy NASDAQ fall 4.6%?

    Dogecoin price battered by rising interest rate outlook

    Depending somewhat on your time zone, the Dogecoin price stood at 7.09 US cents as we ticked our calendars over to August.

    By the time the clock struck midnight on 31 August, the dog-themed crypto was trading for 6.29 US cents, down 12.3% for the month. While nothing to cheer about, that performance did edge out the 14.8% losses posted by Bitcoin (CRYPTO: BTC) last month.

    Investors holding the crypto throughout the month would have had to stomach plenty of volatility. Though that’s nothing new in the crypto sphere.

    August saw the Dogecoin price trade as low as 6.02 US cents and as high as 8.86 US cents. A far cry from the all-time high of 73.76 US cents it hit on 8 May 2021.

    As with Bitcoin and most other cryptos, the Dogecoin price struggled last month as investors were met with the reality that inflation across most of the globe isn’t likely to return to within central banks’ target ranges in quick order.

    With the United States Federal Reserve and other central banks, including the Reserve Bank of Australia, flagging additional sizeable rate hikes in the months ahead to curb soaring prices, risk assets were broadly sold off across the board.

    Dogecoin was no exception.

    The post Why did the Dogecoin price tumble 12% in August? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    from The Motley Fool Australia https://www.fool.com.au/2022/09/03/why-did-the-dogecoin-price-tumble-12-in-august/

  • $20,000 invested in these ASX shares 10 years ago is worth how much now?

    A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today

    A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today

    I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

    To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

    This time around I have picked out the two ASX shares that are listed below:

    Aristocrat Leisure Limited (ASX: ALL)

    This gaming technology company has made its shareholders smile over the last 10 years. During this time, Aristocrat’s shares have smashed the market thanks to its strong earnings growth which has been driven by its leadership position in the poker machine market and expansion into digital gaming through several major acquisitions.

    And with these businesses continuing to perform strongly and management intending to expand into the emerging real money gaming market, shareholders will no doubt be hoping for more of the same over the next decade.

    During the last decade, Aristocrat’s shares have generated an average total return of 30.4% per annum. This would have turned a $20,000 investment into ~$285,000.

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    This pizza chain operator has been one of the best performers on the Australian share market over the last decade. This has been driven by the company’s aggressive expansion in Australia and internationally, which has underpinned stellar earnings and sales growth.

    A decade ago, the company was operating approximately 1,000 stores. Last month, it revealed that it opened over five new stores a week in FY 2022, bringing its total to 3,387 stores. But management doesn’t expect to stop there. Not a chance! It is now targeting 7,250 stores by 2033. This could mean further strong gains over the next decade for investors if management executes this expansion successful.

    As for the last decade, Domino’s shares have generated an average total return of 22.2% per annum. This would have turned a $20,000 investment into just under $150,000.

    The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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