Are there buying opportunities among ASX COVID fallen stars?
Brendon Lau | May 7, 2021 4:33pm |
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ASX shares that were favourite buys well during the COVID-19 crash have suffered a reversal of fortunes.
The question is whether these fallen angels now represent value.
The irony shouldn’t be lost on investors as these ASX shares have been the antithesis of value given their lofty valuations.
Best ASX COVID winners turn losers
Some obvious examples of high flying COVID winners that have dropped out of favour recently include tech darlings like the
Afterpay Ltd(ASX: APT) share price and
You can also add in ASX retailers that have been able to make the most of the pandemic lockdown. These are the
Do brokers think the Wesfarmers (ASX:WES) share price is in the buy zone?
Kerry Sun | May 7, 2021 5:52pm |
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The
Wesfarmers Ltd(ASX: WES) share price has taken a breather from its all-time record high of $56.40 in February.
The diversified conglomerate has held up relatively well compared to peers such as
Coles Group Ltd(ASX: COL) which have slumped in light of normalising consumer behaviour.
At the market close today, the Wesfarmers share price was trading up 0.7% at $54.26.
Is the Wesfarmers share price in the buy zone?
Macquarie weighed in on the Wesfarmers share price after its conference presentation on 5 May.
Macquarie (ASX:MQG) share price on watch after posting $3bn profit and 86% dividend increase
Macquarie (ASX:MQG) share price on watch after posting $3bn profit and 86% dividend increase
The Macquarie Group Ltd (ASX: MQG) share price is in the spotlight as it unveiled an increase in both profit and dividends this morning.
Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. Most of his wealth has come from share investing than any other asset class, and that has given him the financial freedom not to work full-time, if he chooses to.
Investors may be getting concerned about valuations, but leading brokers are urging you to buy three ASX shares even as they are trading at or near their 52-week highs.