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Showing posts with the label asx

ASX slips, Wall St lower

On Wall Street, stocks fell, driven by losses in the Dow. Real estate leading all 11 S & The P 500 industrial sector fell. Today’s agenda Local: Second-quarter retail sales volume at 11.30 AEST; New Zealand second quarter jobs data at 8.45am AEST Overseas data: July services PMI for China (Caixin), Japan (Nikkei), Eurozone (Markit) UK (Markit), US (Markit); Eurozone June PPI, June retail sales; US June factory and durable goods orders, July ISM non-manufacturing index Market spotlight ASX futures fell 14 points, or 0.2 percent, to 6893 near 06:30 AEST AUD -1.5% to 69.20 US cents Bitcoin +0.2% to $US23,039.74 by 06:30 AEST On Wall St: Dow -1.2% S & P 500 -0.7% Nasdaq -0.2% In New York: BHP -2.2% Rio -1.6% Atlassian +1.7% Tesla +1.1% Apple -0.9% Amazon -0.9% Netflix -2.1% In Europe: Stoxx 50 -0.6% FTSE -0.1% CAC -0.4% DAX -0.2% Spot gold -0.01% to $US1771.97 per ounce at 1:59 pm New York time Brent crude +1.7% to $101.69 per barrel Iron ore +0.4% to $113.30 per tonne 10-year

Top ASX stocks to buy in August 2022

With the August earnings season about to begin, ASX companies large and small will soon be submitting their report cards for moms, dads (and every other kind of investor!) to assess their progress. But before the bell rings on duxes and drop-outs, we asked our Foolish contributors to tell us which ASX stocks they think will top the charts in the long term. Here’s what the team got: The 7 best ASX stocks for August 2022 (smallest to largest) Lindsay Australia Limited (ASX:LAU), $144.95 million Electro Optic Systems Holdings Ltd (ASX: EOS), $148.86 million Ansarada Group Ltd (ASX:AND), $164.82 million Temple & Webster Group Ltd (ASX: TPW), $637.52 million Long WALE REIT Charter Hall (ASX: CLW), $3.29 billion Treasury Wine Estates Ltd (ASX: TWE), $8.84 billion South32 Ltd (ASX:S32), $17.63 billion (Market cap as of 31 July 2022) Why our Stupid writers love this ASX stock Lindsay Australia Limited What it does: Lindsay Australia is an integrated rural transportation, logistics

How to invest successfully using only ASX ETFs: experts

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Image source: Getty Images Exchange-traded funds (ETFs) are growing in popularity as a method of investing in stocks and other assets on the ASX. The emergence of ETFs over the past decade or two has been a well-documented trend, including here at The Fool. But there are so many ETFs out there these days, covering just about anything anyone can think of, that it can be hard to know which ones are the best for holding money. Between index funds, commodity funds, and sector-specific ETFs, it can quickly become overwhelming to sift through the sheer number of ETFs available on the ASX. So today, let’s take a look at just five ETFs that experts say exchange-traded funds are all you need to invest successfully. Experts name just five ASX ETFs you need When it comes to ASX ETFs, one of the leading experts on the subject is Chris Brycki. Brycki is the founder and CEO of investment firm Stockspot. Stockspot builds investment portfolios for its clients using only ETFs. He recently sat down

2 ASX stocks in the sector poised for a massive comeback

Even before interest rates rose by 125 basis points over the past few months, afraid rising interest rates have infected many sectors. Perhaps one of the sectors most directly affected is real estate. An increase in interest rates increases mortgage payments, which reduces property demand and prices. Now one of the hottest real estate markets in the world, Sydney, will see house prices drop by 20%. Not only that, the COVID-19 pandemic has also hit commercial real estate as many workers continue to use their homes as offices. All of this means that ASX’s stake in real estate investment trusts (REITs) has taken a brutal hit in 2022. In fact, S&P/ASX 200 A-REIT (ASX:XPJ) has fallen nearly 23% since the start of the year. REITs set for a stunning comeback Inflation is still rampant and the US Federal Reserve is set to deliver a super big interest rate hike in the coming months. The Reserve Bank of Australia will surely follow suit, to fix Australia’s own inflation and not devalue the

Big miners weigh on ASX as iron ore prices drop

The Australian stock market lost more than 1 percent of its value in early trade and Rio Tinto announced a weaker economic outlook from Russia’s invasion of Ukraine and China’s COVID-19 lockdown. Key points: The Dow Jones index fell 0.5% to 30,630, the S&P500 fell 0.3% to 3,791, while the Nasdaq Composite index was steady at 11,251. The FTSE 100 index fell 1.6 percent to 7,040, Germany’s DAX fell 1.9 percent to 12,520 and Paris’ CAC 40 fell 1.4 percent to 5,915. Australian stock market is down more than 1 percent in early trading, pulled in by big miners In the first half hour of trading, the All Ordinaries index was down 1.2 percent, or 89 points, to 6,764, and the ASX 200 index was down 1.3 percent, to 6,565. Sectors of interest to the market include miners, energy companies, banks and real estate. Big miners fell as iron ore prices plunged 4.8 percent to 104.96 dollars a tonne on recession fears. The Australian dollar fell to 67.42 US cents after surging to nearly 68 US cents ye

'Quite interesting': Expert reveals 3 ASX stocks to buy now

Ask Fund Manager The Motley Fool chats with the best in the industry so you can gain insight into how professionals think. In this issue, Redpoint Australian Equity Income Fund portfolio manager Max Cappetta names three ASX stocks he plans to buy now, all of which pay dividends. Hottest ASX stocks The Miscellaneous Fool: What are the three best stock buys today? Max Cappet: The first is Orora Ltd (ASX:ORA) — a packaging company. They operate in about 70 countries. The main market, obviously Australia, but also North America. Well, for people who may not know the name of the company, it’s possible that you interact with Orora many times every day, as they provide bottles and caps, aluminum beverage cans, soft packaging boxes, and cartons. They are really the dominant players in Australia. They are less dominant in North America. And I think this is an interesting part of their business because being able to grow their market share in North America really gives them an interesting