Tencent Holdings Ltd (HKG: 0700) and
Alibaba Group Holding Ltd (NYSE: BABA).
“Investors shouldn’t rotate out of mega-tech to value because mega-tech
are value,” said Macken.
Haven’t tech shares had a pretty good run already?
Macken acknowledged many investors would think the massive technology companies have already had their big run.
“After a strong 2020, many investors are worried all the ‘easy money has been made’ – a commonly used phrase we hear in our industry (which also suffers from acute hindsight bias).”
Investors are also worried about higher interest rates, he admitted, and the compression on earnings multiples that would have on growth stocks.
Our market is set to deliver to best returns in years if it holds on to its gains till June 30 and experts are rushing to upgrade their forecasts for ASX shares.
Asian Open: Oil Rises After OPEC+ Meeting, ISM Data Mixed
Matt Simpson June 1, 2021 11:03 PM Share:
Asian Futures:
Australia s ASX 200 futures are up 12 points (0.17%), the cash market is currently estimated to open at 7,154.60
Japan s Nikkei 225 futures are down 0 points (0%), the cash market is currently estimated to open at 28,814.34
Hong Kong s Hang Seng futures are down -53 points (-0.18%), the cash market is currently estimated to open at 29,415.00
UK and Europe:
Europe s Euro STOXX 50 index rose 32.29 points (0.8%) to close at 4,071.75
Germany s DAX index rose 146.23 points (0.95%) to close at 15,567.36
France s CAC 40 index rose 42.23 points (0.66%) to close at 6,489.40
Tuesday US Close:
The S&P 500 index fell -2.07 points (-0.05%) to close at 4,202.04
Morgans reveals that its analysts have downgraded this plumbing parts company’s shares to a
reduce rating with a price target of $11.45. According to the note, the broker made the move after reducing its earnings estimates to reflect a stronger Australian dollar. In addition to this, the broker thought that its valuation was getting stretched after a strong gain over the last few months. The Reece share price was trading at $16.01 at Friday’s close.
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How to turn $20,000 into over $250,000 in 10 years with ASX shares
James Mickleboro | December 19, 2020 8:03am |
More on:
I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.
To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.
This time around I have picked out the three ASX shares that are listed below:
Although this corporate travel booking company’s shares are down 43% from their all-time high, that hasn’t stopped them from smashing the market since 2010. The catalyst for this has been the success of its growth through acquisition strategy and focus on technology. This has underpinned strong sales and earnings growth over the last decade. For example, in FY 2011, its first full year since listing, Corporate Travel Management generated revenue of $46.8 million. Whereas in FY 2020, the company’s re