Brokers point to these ASX 200 shares to beat the market in May
Brokers point to these ASX 200 shares to beat the market in May
Brokers think Graincorp Ltd (ASX: GNC), Northern Star Resources Ltd (ASX: NST) and these ASX200 shares are a buy in May. We take a closer look.
Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and lows of Slater and Gordon. Kerry takes a techno-fundamental view on stocks, understanding the importance of sound fundamentals supported by a strong technical chart. Current sectors of interest include US sports betting, rare earths, lithium and BNPL.
Why De Grey, Infomedia, Northern Star, & SEEK shares are storming higher
Why De Grey, Infomedia, Northern Star, & SEEK shares are storming higher
Northern Star Resources Ltd (ASX:NST) and SEEK Limited (ASX:SEK) are two of four ASX shares storming notably higher on Tuesday…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price stormed higher overnight. According to CNBC, the spot gold price is up 1.4% to US$1,792.70 an ounce. Weakness in the US dollar and bond yields gave the precious metal a boost. Elsewhere, the silver price jumped 4.3% overnight.
Westpac rated as a buy
The
Westpac share price may have stormed higher on Monday but could keep on climbing according to Goldman Sachs. According to a note, the broker has retained its buy rating and lifted its price target to $29.03. It was pleased with its half year result and sees plenty more upside if the bank can deliver on its cost cutting plans.
Northern Star Resources Ltd (ASX: NST) will be on watch today after the gold price traded flat on Friday night. According to CNBC, the spot gold price ended the week at US$1,767.0 an ounce.
PointsBet rated as a buy
The
Pointsbet Holdings Ltd(ASX: PBH) share price could be great value according to one leading broker. This morning, Goldman Sachs responded to the sports betting company’s third quarter update by retaining its buy rating with a slightly trimmed price target of $17.20. This compares to the current PointsBet share price of $13.60. It said: “We view PBH’s 3Q21 update as a strong set of numbers, further validating our positive thesis on the stock.”
St Barbara (ASX:SBM) share price craters 8% on production fall
Mitchell Lawler | April 28, 2021 12:25pm |
More on: Image source: Getty Images
St Barbara Ltd(ASX: SBM) shares have lost their shine today after the gold miner released its third-quarter report to the market.
At the time of writing, the St Barbara share price is down 8.13% to $1.865. So, what was in the report that has sent investors scrambling?
What’s impacting the St Barbara share price?
Unfortunately for St Barbara shareholders, the finance side of things was the complete opposite of what investors hope to see. Typically, the desire is for production to increase and costs to fall – which means profits grow.