2 stellar ASX growth shares that could be strong buys
James Mickleboro | April 11, 2021 10:44am |
More on: Image source: Getty Images
Fortunately for growth investors, the Australian share market is home to a large number of companies with the potential to grow strongly over the next decade.
Two to consider buying are listed below. Here’s why they are highly rated:
Breville Group Ltd
This appliance manufacturer could be a good option for growth investors.
It has been growing at a quick rate in recent years thanks to its international expansion and favourable tailwinds brought about by COVID-19. These include a shift to cooking and working at home, which has led to an increase in demand for whitegoods such as cooking equipment and coffee machines.
Image source: Getty Images
At the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.
This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.
With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:
Webjet Limited (ASX: WEB) remains the most shorted ASX share after its short interest rose to 12.1%. Short sellers appear concerned that the travel market may take longer to recover than hoped. Last week Webjet undertook another capital raising, much to the dismay of shareholders.
3 ASX shares to buy in April 2021
Tristan Harrison | April 1, 2021 11:48am |
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There are some ASX shares that could be really compelling ideas to look at in April 2021.
Opportunities are always presenting themselves as share prices change, results are revealed and new business announcements are made.
This month could be the time to look at the following three ASX shares:
Temple & Webster has a goal of becoming the largest retailer furniture and homewares in its home market.
The company can point to several tailwinds that are helping accelerate its growth. There’s the long-term adoption of online shopping, an acceleration of that trend due to COVID-19, a higher level of discretionary spending because of travel restrictions (and higher saving) and finally there’s the strength of the housing market and unemployment levels.
Why the Temple & Webster (ASX:TPW) share price is surging 10% higher today fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.