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The PointsBet Holdings Ltd (ASX: PBH) share price has come under significant pressure this year.

Since the start of 2022, the sports betting company’s shares have lost 48% of their value.

What’s going on?

Investors have been selling down the PointsBet share price this year amid concerns over rising competition, marketing costs, and cash burn across the sports betting industry.

However, the team at Goldman Sachs appear to believe this could be a buying opportunity for investors.

Goldman has just held its 2022 Digital Evolution of Global Gaming Virtual Conference. This saw the broker host a panel spanning listed sports betting companies, private players, and industry experts.

Goldman notes: “Near-term, panelists acknowledged the major negative shift in investor sentiment over the past year, but most were equally bullish on the growth ahead and pointed to rationalizing promotions.”

The broker also highlights three key takeaways from the conference which could be positives for the PointsBet share price. It explained:

“1) positive momentum in legalization in the US and internationally with potential for California to launch in 2023 and most states proposing lower tax/licensing requirements than the current average; 2) confidence from multiple operators surrounding the upcoming Ontario launch, which spans both OSB and iGaming for a population equivalent to roughly the fifth largest US state; and 3) improving visitation at brick and mortar locations through March as highlighted by PENN, offering read-across to other casino names and broader leisure trends even in the face of geopolitical conflict and inflation.”

Is the weakness in the PointsBet share price a buying opportunity?

According to the note, the broker believes the PointsBet share price offers material upside potential for investors. Its analysts have a buy rating and $6.74 price target on the company’s shares.

Based on the current PointsBet share price, this suggests the company’s shares could rise 80% over the next 12 months.

Goldman said: “We reiterate our Buy ratings on ENT, PENN, PBH, and GENI where we see compelling valuation after the recent pullback with significant exposure to rapid growth and a rationalizing promotional environment.”

The post ‘Compelling valuation’: Broker tips PointsBet (ASX:PBH) share price to rise 80% appeared first on The Motley Fool Australia.

More reading

• Beaten-up: Are these 2 top ASX growth shares turnaround buys?
• Game on! PointsBet (ASX:PBH) share price rebounds 18% on Thursday
• ASX 200 (ASX:XJO) midday update: Corp Travel Management’s ACCC boost, Zip downgraded
• Why Domino’s, Magellan, PointsBet, and Zip shares are falling
• ASX 200 (ASX:XJO) midday update: Rio Tinto, South32 storm higher, PointsBet sinks

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. owns and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Endeavour Group Ltd (ASX: EDV) shares will be one to watch this morning.

This follows the release of a broker note out of Goldman Sachs which spoke positively about the alcohol retailer.

What did Goldman say about Endeavour shares?

Goldman Sachs has been looking over food & beverage (F&B) and home retailers and Endeavour came out with a glowing report card.

According to the note, the broker has initiated coverage on the alcohol retailer with a conviction buy rating and $8.00 price target.

Based on the current Endeavour share price of $7.12, this implies potential upside of 12.5% over the next 12 months.

In addition, the broker is forecasting fully franked dividends per share of 20.6 cents in FY 2022. If we add this 2.9% dividend yield into the equation, this brings the potential total return to almost 15.5%.

What did the broker say?

Goldman has named three key reasons for its positive view on Endeavour shares.

The first is its significant advantage in scaled consumer assets and loyalty which the broker believes gives the company an omni-channel strategy edge.

It commented: “Given it is a pureplay alcohol retailer, we find it extraordinary that it has the breadth and depth of consumer assets that can rival a top staples grocery retailer. To quote some numbers, Dan’s, ~50% of EDV.AX’s sales and with only 251 stores nationally, has 6.3m members as of 1H22 and ~3.9m are active. This compares to Coles’s Flybuys, Australia’s second largest grocery retailer, with 6.3m active households in FY21.”

Another reason to be positive is its leadership position in the market.

Goldman explained: “EDV’s Retail division has ~38.5% market share of Australia’s Liquor retail market, 1.75x next player Metcash at 22%. Given the complexity of the portfolio with high number of SKU and specialist skills required for procurement, it will be difficult for incoming competitors to build scaled competition quickly. In addition, the company has two other avenues of sizeable alternative revenue growth that are margin-accretive to the retail business – Pinnacle Brands and Hotels.”

Finally, the third reason for Goldman’s positive rating on the Endeavour share price is its limited exposure to global supply chain disruption and cost inflation.

The broker said: “As we look at global commodity inflation, we expect alcohol production to be largely protected. EDV does have approximately ~A$250m exposure to Euro as part of Pinnacle portfolio, but this is ~2/3 hedged from a currency risk perspective, and we expect products to be substitutable should there be global supply disruptions.”

The post Top broker puts conviction buy rating on Endeavour (ASX:EDV) shares appeared first on The Motley Fool Australia.

More reading

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• Up 10% in a month, why the Endeavour (ASX:EDV) share price has still ‘got legs’: fundie

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 Bruce Jackson.

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It’s easy to be a bull in uncertain times.

But if you want to be realistic, you seek out a professional investor who is honest enough to acknowledge that we’re navigating through turbulence.

Then ask her or him which ASX shares they have recently added to their portfolio.

FNArena founder Rudi Filapek-Vandyck is one such expert.

“This is not the time to be overly bullish or overly confident about what lies ahead,” he told Switzer TV Investing.

“The price action in the share market doesn’t accurately reflect the risks and the threats that are ahead of us.”

Filapek-Vandyck revealed 3 ASX shares he’s personally bought to take him through an anxious year:

‘Undeservedly cheap’

Jobs classifieds site Seek Limited (ASX: SEK) had lost a quarter of its value from last November to this month. It has recovered somewhat in the last few days to be 11.27% down for 2022.

Filapek-Vandyck owns the stock and reckons the market has overreacted.

“Almost every analyst that covers the company thinks it’s undeservedly cheap here,” he said.

“So there’s a lot of conviction out there that Seek will do well and has not been treated well.”

If the business goes well, some analysts think it could hit $40 in the future.

Patience is key though, according to Filapek-Vandyck.

“That potential may not necessarily come tomorrow because at this point in time, the market is very much besotted with energy stocks and mining stocks,” he said.

“At some point, the attention will shift to the industrials.”

Filapek-Vandyck speculated that rotation might happen in August when the next set of financial results is released.

“They did it in February, and the result was much better than anyone expected. But the problem in February was there was absolutely no attention for stocks like Seek.”

‘Sturdy and reliable’ market leader

Another stock Filapek-Vandyck nominated as “solid, promising, sturdy and reliable” as Seek was IDP Education Ltd (ASX: IEL).

“Crisis, like with COVID-19 and lockdowns, makes the strong companies stronger,” he said.

“And this is a market leader in global English language tests.”

These tests, called International English Language Testing System (IELTS), is a standardised test that students need to pass if they want to gain admission to a foreign university.

Overseas student placement is big business, and will only accelerate coming out of the pandemic.

“This company is gradually transforming into the monopolist for that type of test globally.”

IDP shares have risen 568% over the past 5 years and 25% over the last 12 months.

Former darling will ‘find its mojo again’

CSL Limited (ASX: CSL) rewarded investors handsomely for decades until the coronavirus pandemic hit.

The stock price, unfortunately, is still down more than 21% from its pre-COVID high.

“I recently bought some extra shares in CSL,” said Filapek-Vandyck.

“The business model was disrupted because of COVID… If I look forward to the next 2 to 3 years, I see an environment where CSL will again come to the fore.”

Beyond the current commodities rally CSL will “find its mojo again”, he added.

“If we’re getting an environment where earnings forecasts are falling and companies are issuing profit warnings,… you want to go to the reliability and the safety of CSL.”

The post 3 ASX shares I own myself that will rise again soon: expert appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week
• 2 blue chip ASX 200 shares analysts are urging investors to buy
• Do CSL shares deserve a spot in the ASX ‘hall of fame’?
• Why has Macquarie downgraded these 2 ASX shares?

Motley Fool contributor Tony Yoo owns CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. and Idp Education Pty Ltd. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are many divergent views about what the share market might do in the next 12 months.

Some experts are expecting a global recession, while others are convinced the bull market will resume after a short pause.

So really there is only one certainty: uncertainty.

In that case, the team at Wilsons reckons avoiding loss-making companies is the way to go.

“The prospect of higher interest rates makes both debt and equity funding more expensive. Critical, as loss-making businesses typically require external funding,” its memo to clients read.

“The double whammy for loss-making companies is the impact of higher bond yields, which lowers the valuation of long-dated growth cash flows.”

Considering this, Wilsons analysts dug up the most profitable businesses out of their Wilsons Conviction Insights list.

The set represents their best small-cap ideas on a 12-month view to consider at the moment:

Profitable small-caps that are looking good

Not only are these 4 Wilsons picks profitable, but 3 of them also give out dividends:

• Collins Foods Ltd (ASX: CKF): 3% 12-month forward dividend yield
• Ridley Corporation Ltd (ASX: RIC): 4% 12-month forward dividend yield
• Readytech Holdings Ltd (ASX: RDY)
• City Chic Collective Ltd (ASX: CCX): 1% 12-month forward dividend yield

Of that group, Readytech and City Chic held the most buy conviction for Wilsons analysts.

Technology services provider has “strong cash flow” and an “undemanding valuation”, the memo stated.

“Easy 2H earnings guidance to achieve top-end of revenue guidance.”

The Readyteach share price has plunged 18.4% for the year so far.

City Chic stocks have had an even worse time, falling more than 38% in 2022 and almost 50% since November.

Wilsons analysts are keeping the faith with the fashion retailer though.

“Inventory and, therefore, balance sheet risk has increased. We believe the inventory will clear over an expected strong summer in the northern hemisphere.”

The Wilsons team admitted Collins Foods has had its work cut out in recent times.

“KFC franchise owner has been impacted by macro-related news [from] QLD/NSW floods, EU exposure with Russia/Ukraine, and chicken shortages have weighed on the share price,” read the memo. 

“Key peer Restaurant Brands New Zealand Limited (ASX: RBD)’s poor margin performance has also weighed on the stock. We think this news is captured in the 40% fall in the share price.”

The Collins Foods share price has shed almost 25% for the year so far.

The post 4 small-cap ASX shares with the best 12-month outlook: experts appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Collins Foods Limited and Readytech Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited and Readytech Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking to boost your income portfolio with some dividend shares this week, then the two listed below could be worth considering.

Here’s why these ASX 50 dividend shares could be in the buy zone right now:

BHP Group Ltd (ASX: BHP)

The first ASX 50 dividend share to look at is BHP. It is of course one of the world’s largest mining companies with a portfolio of world class operations across a range of commodities and geographies.

Thanks to favourable commodity prices, BHP has been generating significant free cash flow again in 2022. This provides the Big Australian with the opportunity to reward shareholders with big dividends and consider M&A activities.

And although the BHP share price has been storming higher this year, analysts at Macquarie still see material upside ahead. Earlier this month the broker retained its outperform rating and lifted its price target to $61.00.

As for dividends, Macquarie is forecasting fully franked dividends per share of ~$5.22 in FY 2022 and then ~$3.61 in FY 2023. Based on the current BHP share price of $49.77, this implies potential upside of 10.5% and 7.3%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX 50 dividend share that could be in the buy zone is NAB.

NAB has been a very positive performer so far in 2022. Last month the banking giant released its first quarter update and revealed a 12% increase in quarterly cash earnings.

While this has helped drive its shares to a 52-week high, the team at Bell Potter still see some value in the NAB share price. The broker currently has a buy rating and $32.50 price target on its shares.

In addition, Bell Potter is forecasting attractive dividend yields in the coming years. The broker has pencilled in dividends per share of 137 cents in FY 2022 and then 135 cents in FY 2023. Based on the current NAB share price of $31.66, this equates to fully franked yields of 4.3% and 4.25%, respectively.

The post Here are 2 ASX 50 dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• How much is the next BHP dividend?
• BHP share price higher on broker upgrade
• ASX 200 (ASX:XJO) midday update: Premier’s record dividend, BHP upgraded
• Top broker gives its verdict on the NAB share price

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 Bruce Jackson.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in a positive fashion. The benchmark index rose 0.25% to 7,406.2 points.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX 200 expected to push higher

The Australian share market looks set to start the week on a positive note. This follows a decent finish to week on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 34 points or 0.45% higher this morning. On Wall Street, the Dow Jones rose 0.45%, the S&P 500 climbed 0.5%, and the Nasdaq bucked the trend by falling 0.15%.

Oil prices rise again

Energy producers Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a decent start to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 1.4% to US$113.90 a barrel and the Brent crude oil price rose 1.35% to US$120.65 a barrel. News of a missile attack on a Saudi Aramco facility in Jeddah boosted prices.

Endeavour shares given conviction buy rating

The Endeavour Group Ltd (ASX: EDV) share price could be great value according to analysts at Goldman Sachs. This morning the broker initiated coverage on the alcohol retailer with a conviction buy rating and $8.00 price target. Goldman believes Endeavour’s advantage in scaled consumer assets and loyalty give it an omni-channel strategy edge.

Gold price falls

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a poor start to the week after the gold price weakened on Friday night. According to CNBC, the spot gold price fell 0.4% to US$1,959.8 an ounce. The gold price dipped after bond yields rose.

BHP dividend being paid

It’s a great day for BHP Group Ltd (ASX: BHP) shareholders on Monday. Later today the Big Australian will be paying eligible shareholders its massive $2.08 per share fully franked interim dividend. Other dividend payers include Endeavour Group and IDP Education Ltd (ASX: IEL).

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

More reading

• How much is the next BHP dividend?
• These were the best performing ASX 200 shares last week
• These were the worst performing ASX 200 shares last week
• These 3 ASX 200 shares are topping the volume charts this Friday
• Why this fundie is steering clear of ASX mining shares

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. owns and has recommended Idp Education Pty Ltd. 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 Bruce Jackson.

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Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the ones listed below.

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

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer behind a range of brands that have been resonating extremely well with consumers for many years. Together with its ongoing investment in research and development and its global expansion, this has helped drive solid sales and earnings growth over the last decade. The good news is that this is that Morgans expects this to continue in the future. The broker currently has an add rating and $32.00 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service provider connecting consumers with trusted tradies. At the last count, there were over 30,000 tradies using Hipages’ platform. This has been bolstered further with the recent acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies. Goldman Sachs is a big fan of Hipages. It currently has a buy rating and $3.60 price target on its shares.

ResMed Inc. (ASX: RMD)

A final growth share to look at is ResMed. It is a sleep treatment focused medical device company which has been tipped to continue its growth long into the future. This is thanks to its world class products, significant and growing market opportunity, and its increasingly important digital platform. The latter has seen ResMed develop a patient-centric, connected-care digital platform which is addressing the main pinch points across the healthcare value chain. Morgans is very positive on the company’s future. It has an add rating and $40.46 price target on its shares.

The post Experts name 3 excellent ASX shares for growth investors to buy appeared first on The Motley Fool Australia.

More reading

• 3 ASX healthcare shares rated as buys by a leading broker
• Why Aurelia Metals, Janus Henderson, ResMed, and Zip shares are dropping
• Cheap ASX share better than Woolworths (ASX:WOW)– and it pays dividends
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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. owns and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting to boost your income with some dividend shares next week, then you might want to consider the two listed below.

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

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.

Morgans is very positive on the retailer and has an add rating and $3.50 price target on its shares. It expects Adairs to bounce back strongly from a difficult period due to COVID-19 impacts.

It said: “In FY23, we expect Focus to have bedded down and to have started a strategy of improving store economics while expanding its footprint. We expect the NDC to be up and running and delivering efficiencies. We expect Mocka to be making its first steps towards an omni-channel strategy. These factors underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple. ADD.”

In respect to dividends, Morgans is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.80, this will mean yields of 6.8% and 9.3%, respectively, over the next couple of years.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share to look at is the HomeCo Daily Needs REIT. This property company invests in convenience-based assets across target sub-sectors of neighbourhood retail, large format retail, and health and services.

Unlike Adairs, HomeCo Daily Needs has been a strong performer so far in FY 2022. During the first half, it delivered a 38% increase in funds from operation (FFO) per share to 4 cents. This led to management upgrading its full year guidance.

Goldman Sachs was impressed and sees a lot of value in the HomeCo Daily Needs share price at the current level. It has a buy rating and $1.70 price target on its shares.

It commented: “We believe HDN is undervalued at its current valuation given its diversified tenant base, and see it as well positioned to benefit from the shift to omni channel retailing, with additional external growth opportunities to drive earnings growth over the medium-term.”

As for dividends, based on the current HomeCo Daily Needs share price of $1.49, Goldman is expecting dividend yields of 5.5% in FY 2022 and 6.1% in FY 2023.

The post 2 ASX dividend with attractive yields that brokers rate as buys appeared first on The Motley Fool Australia.

More reading

• Why Adairs, Betmakers, Magellan, and Northern Star shares are dropping
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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. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Blackmores Limited (ASX: BKL)

According to a note out of Citi, its analysts have retained their sell rating and $73.16 price target on this health supplements company’s shares. Citi believes that rival Swisse’s focus on growing its share of the supermarket channel could be bad news for Blackmores and weigh on its sales growth. It also highlights that Swisse is making a significantly higher investment in sales and marketing activities. The Blackmores share price ended the week at $74.39.

Commonwealth Bank of Australia (ASX: CBA)

Another note out of Citi reveals that its analysts have retained their sell rating and $90.75 price target on this banking giant’s shares. Citi has been busy looking at the Australian banking sector and highlights that the big four banks have significantly outperformed global peers since Russia invaded Ukraine. Unfortunately, the broker isn’t convinced that this will continue given the lack of revenue growth on offer in the sector. In addition, the broker still sees CBA’s shares are overvalued at the current level. The CBA share price was fetching $105.92 on Friday.

Fortescue Metals Group Limited (ASX: FMG)

Analysts at UBS have retained their sell rating and $16.30 price target on this mining giant’s shares. According to the note, the broker has concerns that Fortescue and other Western Australian miners could be facing production disruption from increasing COVID-related absenteeism. In light of this, it sees scope for iron ore shipment guidance downgrades. The Fortescue share price was trading at $19.27 on Friday afternoon.

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

More reading

• How much is the next BHP dividend?
• BHP share price higher on broker upgrade
• The Fortescue (ASX:FMG) share price has gained 11% since early last week. What’s been happening?
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• Top brokers name 3 ASX shares to sell today

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 Blackmores Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AMP Ltd (ASX: AMP) share price rose 2.14% higher on Friday to finish the week at 96 cents.

While there was nothing new out of AMP’s camp to explain the rise, investors have rallied behind ASX financials shares over the past few weeks.

Let’s take a look at what’s been happening with the financial services company’s shares.

What’s up with the AMP share price?

Momentum has been building in the financials sector all week with the S&P/ASX 200 Financials index (XFJ) spiking around 1% in that time. It has climbed 6% in the past month.

That momentum appeared to spill over into AMP on Friday, with shares trading on a daily volume roughly 69% of its four-week average.

However, unlike the broader index, AMP shares haven’t raced back north with authority. Instead, prices have gyrated back and forth over the past three months, trading in a range of around $1.05 to 87 cents on average, according to Bloomberg data.

The trend continued until Friday; shares trading in a sideways channel, without much price action either way, as seen below.

The firm’s full-year result certainly wasn’t enough to keep investors on board either, as the board decided to withhold paying a dividend.

And while shares are still rangebound, zooming out, they are in the red on basically all major time frames.

For instance, during the past 12 months, the AMP share price has fallen 28%, and is down more than 5% this year to date.

Add in the fact AMP has lost 86% of its value in the past five years. That means it must gain 400% in order to return to its 2018 highs.

The post AMP (ASX: AMP) share price bounces higher, but don’t go rushing in yet appeared first on The Motley Fool Australia.

More reading

• If you’d sank $10,000 into AMP (ASX:AMP) shares 10 years ago, this is what you’d be left with today
• How is the AMP (ASX:AMP) share price performing against the financial sector lately?
• AMP (ASX:AMP) share price falters amid ‘important step forward’
• Has the AMP (ASX:AMP) dividend gone the way of the dodo?
• The AMP (ASX:AMP) share price has dumped 16% in under 4 weeks. What’s happening?

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 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 Bruce Jackson.

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