Investors looking for companies that will benefit most from the end of lockdowns should look past the obvious potential winners to dentists, car dealerships and malt producers.
3 ASX shares ready to go off this year: experts
3 ASX shares ready to go off this year: experts
The Australian stock market is at all-time highs, so are there any bargains left? Four experts have 3 tips for you.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com.
Latest posts by Tony Yoo (see all)
June 28, 9:41am AEST
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With the
S&P/ASX 200 Index (ASX: XJO) at all-time highs, it can be a struggle to find bargains.
Newcrest Mining Limited Announces New Board Appointment
Melbourne, Australia (Newsfile Corp. - June 23, 2021) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces the appointment of Jane McAloon as an independent Non-Executive Director and a member of the Human Resources and Remuneration Committee, effective from 1 July 2021.
Ms McAloon has extensive experience in the resources, energy, infrastructure and utilities industries. She spent 9 years as Group Company Secretary at BHP, including 2 years on the Group Management Committee as President Governance. Prior to that, Ms McAloon was Group Manager, Corporate & External Services & Company Secretary at AGL, had leadership roles with the NSW Government and worked in private legal practice.
By Mark Woodruff
Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.
Summary
Total Upgrades: 11
Net Ratings Breakdown: Buy 54.91%; Hold 38.37%; Sell 6.73%
For the week ending Friday 21 May, there were eleven upgrades and nine downgrades to ASX-listed companies by brokers in the FNArena database.
By the Book
I noted yesterday morning that big sell-off days like we saw on Wednesday, for which the trigger was likely one big index sell order that had buyers simply standing aside, are typically followed by a meaningful rebound the next day. The only problem was, the futures were only up 4 points.
But the ASX200 closed up 87, with a bit of a kick from the jobs numbers, and regained the 7000 level.
The jobs numbers were quite the mixed bag.
April saw a net -31,000 jobs lost when a 20,000 gain was expected, which is not good, except that it was part-time jobs that were lost, with full-time increasing 34,000, which is good. The unemployment rate fell to 5.5% from 5.7%, which is good, but the reason both jobs