It's a buy! Expert says Fortescue shares are oversold
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An expert from Fairmont Equities, Michael Gable, suggests that Fortescue shares (ASX: FMG) are oversold and presents an attractive entry level. The Fortescue share price has fallen from $27.30 on May 22, 2024, to around $21.80, a decline of around 20%. Gable believes that Fortescue shares have often been oversold on weaker iron ore prices in the past, only to bounce back. The iron ore price has dropped from above US$140 per tonne at the start of 2024 to around US$110 per tonne. The upcoming Chinese Communist Party Congress is expected to address plans for reform and modernization, and some analysts are seeking further policy support for the Chinese property sector. Weak US economic data has also increased bets that the US Federal Reserve could start cutting interest rates, which could boost global economic growth and overall demand for commodities. Despite volatility, the Fortescue share price is up nearly 3% in the last 12 months.

#Fortescue #Asx #Fmg #Shares #Oversold #IronOrePrice #ChineseCommunistPartyCongress #UsFederalReserve

https://www.fool.com.au/2024/07/10/its-a-buy-expert-says-fortescue-shares-are-oversold/ 

 Is it time to jump back into ASX small-cap shares?
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One fund manager believes that investing in ASX small-cap shares could be attractive. Ronald Temple, the chief market strategist, suggests that non-US markets are trading at less demanding valuation multiples and could benefit from accelerating growth while US growth decelerates. He also believes that non-US companies could enjoy a more significant recovery in revenue and earnings as their economies were less resilient after the pandemic. Temple suggests allocating capital away from cash to riskier assets, such as emerging markets, Japan, small-cap, and infrastructure-related equities. However, he also warns of potential volatility in the second half of 2024 due to events like the US election and tensions over China's support for Russian aggression in Ukraine. While ASX small-cap shares are not guaranteed to outperform, they could be worth considering.

#Asx #SmallcapShares #Investing #FundManager #ValuationMultiples #EmergingMarkets #Japan #Infrastructure #Volatility

https://www.fool.com.au/2024/07/05/is-it-time-to-jump-back-into-asx-small-cap-shares/ 

 Here's what makes the Vanguard US Total Market ETF (VTS) stand out from other index funds
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The Vanguard US Total Market ETF (VTS) offers a unique portfolio of investments that is unique on the Australian stock market. It provides exposure to the US markets that no other ASX fund can match. The VTS ETF has a portfolio consisting of 3,717 individual US stocks, making it the most comprehensive and dedicated investment in the American economy available on the ASX. Despite not being among the most popular ETFs on the ASX, VTS has $4.39 billion in assets under management. It charges a management fee of 0.04% per annum. The ETF has delivered solid returns, with a 24.47% return over the past 12 months and an average of 14.69% per annum over the past five years. The VTS ETF is unique in its broad exposure to the US markets, including both large and small companies.

#VanguardUsTotalMarketEtf #Vts #IndexFunds #Asx

https://www.fool.com.au/2024/05/14/heres-what-makes-the-vanguard-us-total-market-etf-vts-stand-out-from-other-index-funds/ 

 The ASX 200 is off to races on Monday. Here’s why
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The ASX 200 is up 0.6% at 7,673.8 points, marking the third consecutive day of gains. The rally is driven by poorer-than-expected economic news out of the US, indicating potential interest rate cuts. US markets soared after the Bureau of Labor Statistics reported that the US added 175,000 jobs in April, below consensus estimates. The US unemployment rate of 3.9% also topped consensus forecasts. Experts believe the slowdown in jobs growth increases the odds of a 2024 interest rate cut from the Federal Reserve. The ASX 200 investors are also watching the upcoming RBA interest rate decision.

#Asx200 #StockMarket #InterestRates

https://www.fool.com.au/2024/05/06/the-asx-200-is-off-to-races-on-monday-heres-why/ 

 An ASX dividend giant I'd buy over ANZ shares for 2024
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ANZ Group Holdings Ltd (ASX: ANZ) is facing challenges in the banking world, with competition for deposits and borrowers impacting its net interest margin (NIM). Some analysts predict that ANZ may cut its dividend in FY24. In contrast, fund manager GQG Partners Inc (ASX: GQG) has seen rapid growth in its funds under management (FUM) and has committed to a dividend payout ratio of 90% of its distributable earnings. GQG is expected to grow its annual dividend per share to 19.5 cents in 2024. ANZ's profit may not return to FY23 levels until FY26, while GQG could be paying a dividend yield of 9.7% by FY26. GQG has a strong investment team and is experiencing strong FUM inflows.

#AsxDividendShares #Anz #GqgPartnersInc #DividendYield #NetInterestMargin #FundsUnderManagement #ProfitGrowth

https://www.fool.com.au/2024/04/29/an-asx-dividend-giant-id-buy-over-anz-shares-for-2024/ 

 Expert: This is where the S&P 500 is going next
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According to a report in the AFR, analysts at investment bank HSBC have raised their S&P 500 forecasts. HSBC now predicts that the S&P 500 will reach 5,400 points by the end of 2024, a 3.8% increase from its current level. The target is based on expectations of higher company earnings, resilient GDP growth, and positive sentiment. HSBC also has a 'bull case' scenario where the S&P 500 could reach 5,700 points if there is above-trend GDP growth with subdued inflation. However, if the US economy runs 'too hot' and inflation rises, HSBC sees the S&P 500 finishing 2024 at 4,800 points.

#S&p500 #Hsbc #StockMarket #Forecasts

https://www.fool.com.au/2024/03/27/expert-this-is-where-the-sp-500-is-going-next/ 

 Up 32% in a year, here’s why Goldman says the S&P 500 could soar another 15% in 2024
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Goldman Sachs predicts that the S&P 500 could rise another 15% in 2024 due to ongoing investor exuberance with big tech stocks. The base case is for the S&P 500 to close the year at around 5,200 points, but a shift in the interest rate outlook without a deterioration in the economy could propel the index to 6,000 points. The ASX 200 is also performing well, up 0.4% and within striking distance of surpassing its all-time closing high. Investors looking to track the performance of the S&P 500 may consider the SPDR S&P 500 ETF Trust (ASX: SPY), which has gained 33.7% over the past year.

#S&p500 #GoldmanSachs #Investing #Asx200 #StockMarket

https://www.fool.com.au/2024/03/25/up-32-in-a-year-heres-why-goldman-says-the-sp-500-could-soar-another-15-in-2024/ 

 1 ASX dividend stock down 60% to buy right now
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KMD Brands Ltd (ASX: KMD) has experienced a significant decline in its share price, down 13% this year, 36% in the last year, and 60% since October 2021. The company reported a trading update in December 2023, stating that group sales were down 12.5% YoY due to ongoing weakness in consumer sentiment. Despite the decline, the author believes that KMD Brands could potentially offer significant dividends in the future. The company's group underlying earnings before interest, tax, depreciation, and amortization (EBITDA) for FY24 to date was $16 million lower than last year. However, the overall gross profit margin improved, and the group working capital decreased 10.2% YoY. The author suggests that if KMD's earnings rebound in FY25 and beyond, the ASX dividend stock could deliver strong outperformance.

#Asx #DividendStock #KmdBrandsLtd

https://www.fool.com.au/2024/02/12/1-asx-dividend-stock-down-60-to-buy-right-now/ 

 Are Wesfarmers shares a good long-term buy?
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Wesfarmers Ltd (ASX: WES) share price has been a solid performer, up more than 14% in the past six months. The company owns well-known brands including Bunnings, Kmart, Officeworks, Target, Catch, and Priceline. Wesfarmers recently made acquisitions in the healthcare sector with deals to buy Silk Laser Australia. The company's strength and diversity of businesses, including market leaders like Bunnings, Kmart, and Officeworks, make it a star ASX blue-chip stock. Wesfarmers has impressive financials, with a return on equity (ROE) of 31.4% and a return on capital (ROC) of 65.4% for Bunnings in FY23. The company's ability to find opportunities in various industries and its profitability make it a good long-term buy.

#Wesfarmers #Asx #Blue-chipStock #Bunnings #Kmart #Officeworks #SilkLaserAustralia #ReturnOnEquity #ReturnOnCapital

https://www.fool.com.au/2024/02/12/are-wesfarmers-shares-a-good-long-term-buy/