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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, logi...

Bitcoin is down 65 percent from its all-time high of $68,990. In June, it briefly dropped below $18,000, implying a 75 percent drop from its all-time high. Last year when he appeared on Kitco News, Hex founder Richard Heart predicted an 85 percent drop in the price of Bitcoin. “At my last appearance here, I said that Bitcoin was down to $10K,” he said. “So far, Bitcoin is actually down 75 percent, 10 percent lower than my 85 percent target.” Heart blamed institutions with large holdings in Bitcoin such as Celsius, MicroStrategy, and Three Arrows Capital for taking leveraged positions in the cryptocurrency, leading to the bubble. “Michael Saylor took leverage and he dropped, I believe, 30 percent on his Bitcoin stack,” Heart said. “El Salvador’s government is down, ARKK’s investment is down. Everyone was devastated, except for me. I called the top on the deck. ” Heart spoke with David Lin, Anchor and Producer at Kitco News. https://www.youtube.com/watch?v=/vfE7U...

Selby Allies: It trades at a P/E of 17 times, and has a market cap of $17.4 billion. Hugh, it’s up to you. Is it buy, hold or sell? Hugh Dive (BUY): I don’t agree with Hugh. I think this is a purchase. Raising interest rates with a tough premium cycle. This is very positive. They have actually seen some return on their investment stream for the first time in 10 years. Also, business has been much simplified. We didn’t expect anything bad from QBE. No Argentine workers’ compensation, Ecuador’s crop insurance or Columbia’s third-party motorcycles, which have been defrauding investors for years. This is a much simpler story. I think this is a solid buy. And you also have the falling Aussie dollar, which is a big beneficiary for QBE, unlike domestic insurers. Selby Allies: Next, we have South32. Recently bought a 45 percent stake in a Chilean copper mine. Hugh, stay with you. Is it buy, hold or sell? Hugh Dive (SELL) : Sell. Catch the fallin...

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...

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 intere...