These 3 ASX blue-chip shares just hit multi-year lows. Am I buying?

MotleyFool05-02

It's been a rather pleasant day for the S&P/ASX 200 Index (ASX: XJO) and most ASX 200 shares so far this Thursday. At the time of writing, the ASX 200 has added a healthy 0.43%, pushing the index back...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432061245?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-02 13:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432061245","market":"us","top_or_hot":-1,"title":"These 3 ASX blue-chip shares just hit multi-year lows. Am I buying?","media":"MotleyFool","content":"<div>\n<p>It's been a rather pleasant day for the S&P/ASX 200 Index (ASX: XJO) and most ASX 200 shares so far this Thursday. At the time of writing, the ASX 200 has added a healthy 0.43%, pushing the index back...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/02/these-3-asx-blue-chip-shares-just-hit-multi-year-lows-am-i-buying/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 ASX blue-chip shares just hit multi-year lows. Am I buying?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 ASX blue-chip shares just hit multi-year lows. Am I buying?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 13:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/05/02/these-3-asx-blue-chip-shares-just-hit-multi-year-lows-am-i-buying/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been a rather pleasant day for the S&P/ASX 200 Index (ASX: XJO) and most ASX 200 shares so far this Thursday. At the time of writing, the ASX 200 has added a healthy 0.43%, pushing the index back...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/02/these-3-asx-blue-chip-shares-just-hit-multi-year-lows-am-i-buying/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.fool.com.au/2024/05/02/these-3-asx-blue-chip-shares-just-hit-multi-year-lows-am-i-buying/","article_id":"2432061245","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432061245","pubTimestamp":1714626489,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"It's been a rather pleasant day for the S&P/ASX 200 Index  and most ASX 200 shares so far this Thursday. At the time of writing, the ASX 200 has added a healthy 0.43%, pushing the index back over 7,600 points. But let's talk about some ASX 200 blue-chip shares that haven't been so lucky.Although the ASX 200 has had a decent time of it today, there are a number of ASX 200 blue chips that have seen nothing but red ink this session. In fact, there are three that have just hit new multi-year lows today.First up is ASX 200 energy stock Woodside Group Ltd . Woodside shares have slumped by a painful 1.42% at present, down to $27.11 a share. Not only that, but Woodside dropped down to a new 52-week low of $27.06 this afternoon.But it doesn't stop there. We've also seen a big drop in the Telstra Group Ltd  share price. Telstra is an ASX 200 blue-chip share most investors would be fairly familiar with.Time to buy these ASX 200 blue-chip shares?Well, let's take a look at each of these ASX 200 blu","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7511":"ESG概念","BK7501":"新冠治疗股","XJO.AU":"标普/澳交所 200指数","BK7142":"石油与天然气的勘探与生产","TLS.AU":"TELSTRA GROUP LTD","BK7040":"食品零售","BK7042":"综合电信业务","WOW.AU":"WOOLWORTHS GROUP LTD","WDS.AU":"WOODSIDE ENERGY GROUP LTD"},"translate_title":"这3只ASX蓝筹股刚刚触及多年低点。我要买吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLS.AU":1,"WDS.AU":1,"WOW.AU":1,"XJO.AU":1},"content_text":"It's been a rather pleasant day for the S&P/ASX 200 Index (ASX: XJO) and most ASX 200 shares so far this Thursday. At the time of writing, the ASX 200 has added a healthy 0.43%, pushing the index back over 7,600 points. But let's talk about some ASX 200 blue-chip shares that haven't been so lucky.\nAlthough the ASX 200 has had a decent time of it today, there are a number of ASX 200 blue chips that have seen nothing but red ink this session. In fact, there are three that have just hit new multi-year lows today.\nThree stocks at new lows\nFirst up is ASX 200 energy stock Woodside Group Ltd (ASX: WDS). Woodside shares have slumped by a painful 1.42% at present, down to $27.11 a share. Not only that, but Woodside dropped down to a new 52-week low of $27.06 this afternoon.\nNot only is that a new 52-week low, but it's also the lowest price Woodside shares have traded at since early 2022.\nBut it doesn't stop there. We've also seen a big drop in the Telstra Group Ltd (ASX: TLS) share price. Telstra is an ASX 200 blue-chip share most investors would be fairly familiar with.\nToday has seen the telco descend as low as $3.60 a share. That's a new 52-week low for Telstra, but it's also the lowest the company has dropped to in almost three years. Yep, the last time Telstra was at $3.60 a share, it was in mid-2021. At present, Telstra shares are down 0.82% at $3.61 each.\nLast but not least, we have ASX 200 blue-chip supermarket stock Woolworths Group Ltd (ASX: WOW). Like Telstra, Woolies is a rather famous name on the ASX. But that hasn't stopped the grocer from having a shocker this Thursday.\nAt present, Woolworths has tanked by a horrid 4.05% down to $30.53 a share. That's after the company dipped as low as $30.12 just before midday today.\nThe last time Woolies was trading at this kind of pricing was in the midst of the COVID pandemic back in mid-2020.\nTime to buy these ASX 200 blue-chip shares?\nSo given the nature of these new multi-year lows, many investors might be asking themselves if this represents a buying opportunity. After all, some of the best investments are made when a company goes through a temporary problem, and its shares dip into value territory. That's how Warren Buffett has arguably built his fortune anyway.\nBut is this the case here?\nWell, let's take a look at each of these ASX 200 blue chips.\nIn Woodside's case, it seems this pessimism can be explained by a recent slump in the oil price. As my Fool colleague James noted this morning, oil fell to a seven-week low overnight, thanks to a rise in global stockpiles.\nIn my experience, commodity, mining and energy stocks are some of the most difficult companies to invest in, thanks to the unpredictability of the underlying prices of the resources they mine or extract. If oil prices begin to recover, it might prove fortuitous to buy Woodside shares at the current pricing. But if oil continues to sink lower, Woodside shares could easily follow suit.\nI wouldn't be buying Woodside shares myself, given I don't understand the energy markets to a sufficient degree to lend confidence to an investing decision. But I do tend to think that if you are interested in buying a cyclical energy stock like Woodside, the time to do it is when prices are historically below average.\nBuy when a company is down, not out\nFor Telstra stock, the answer is more clear to me. I think Telstra shares are offering significant value at their current pricing. As we discussed last month, investors still seem apathetic towards Telstra due to its decision last year not to sell off its InfraCo infrastructure assets.\nHowever, I think keeping these valuable assets, which include data centres and fibre networks, in-house is a good thing for the company's future.\nThe recent share price slump has pushed Telstra's reliable and fully-franked dividend yield to 4.85%. That might be just too good to turn down.\nAnd that brings us to Woolworths.\nToday's hefty slump appears to be a consequence of the quarterly update the blue chip share released this morning.\nWhilst this does show Woolies is struggling a little in the current high inflation environment, I don't think it heralds any long-term threats to the company's success. After all, Woolworths is the dominant player in the Australian supermarket space.\nSo I think today's multi-year low for this ASX 200 blue-chip share might prove to be a compelling buying opportunity for a long-term investor.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432061245"}