8 ASX All Ords shares bumped up to 'strong buy' status in August

MotleyFool09-03

S&P/ASX All Ords (ASX: XAO) shares essentially moved sideways in August, losing just 0.04%. However, this belies the volatility we saw last month as stocks lurched back and forth on earnings reports....

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However, this belies the volatility we saw last month as stocks lurched back and forth on earnings reports....</p>\n\n<a href=\"https://www.fool.com.au/2024/09/03/8-asx-all-ords-shares-bumped-up-to-strong-buy-status-in-august/\">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>8 ASX All Ords shares bumped up to 'strong buy' status in August</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\">\n8 ASX All Ords shares bumped up to 'strong buy' status in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-03 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/09/03/8-asx-all-ords-shares-bumped-up-to-strong-buy-status-in-august/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P/ASX All Ords (ASX: XAO) shares essentially moved sideways in August, losing just 0.04%.  However, this belies the volatility we saw last month as stocks lurched back and forth on earnings reports....</p>\n\n<a href=\"https://www.fool.com.au/2024/09/03/8-asx-all-ords-shares-bumped-up-to-strong-buy-status-in-august/\">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":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://www.fool.com.au/2024/09/03/8-asx-all-ords-shares-bumped-up-to-strong-buy-status-in-august/","article_id":"2464414608","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464414608","pubTimestamp":1725342917,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"S&P/ASX All Ords (ASX: XAO) shares essentially moved sideways in August, losing just 0.04%.  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However, this belies the volatility we saw last month as stocks lurched back and forth on earnings reports.  As is typical during earnings season, many analysts updated their ratings on various ASX All Ords shares.  Here are eight ASX shares that analysts on CommSec bumped up to 'strong buy' status last month. 8 ASX All Ords upgraded to a strong buy rating in August Worley Ltd (ASX: WOR) The Worley share price is currently $14.85, down 0.77% for the day and down 14.8% in the year to date. The global professional services company reported an underlying net profit after tax and amortisation (NPATA) of $416 million in FY24, up 27%. Aggregated revenue rose by 18% to a record $11.62 billion. The ASX All Ords industrials share will pay a final unfranked dividend of 25 cents per share. Zip Co Ltd (ASX: ZIP) The Zip share price is currently $2.24, down 2.82% for the day. Its year-to-date growth is outstanding, with Zip shares flying 260.5% higher since 1 January.  The ASX All Ords buy now, pay later share fell on the day the company released its FY24 results last month.  However, this was likely due to profit-taking, with Zip revealing an impressive 52.8% increase in cash gross profit to $373 million. The Zip share price rebounded strongly the following day.  Viva Energy Group Ltd (ASX: VEA) The Viva Energy share price is $2.92 on Tuesday, down 1.19% today and 17% lower in the year to date. Goldman Sachs has a buy rating on this ASX All Ords energy share. The broker thinks the share price could lift to $3.60 over the next 12 months.  In a new note, the broker said:   We revise our 2024/25/26 EBITDA 0%/-7%/0%, our PT -4% to A$3.60/sh, and upgrade to Buy (from Neutral) on (1) Convenience earnings inflection targeting 18% EBITDA CAGR over the next 5 years, (2) Attractive valuation trading at ~7x EBITDA and a 16% discount to our SOTP valuation, (3) Strong refining margin capture over the next 12 months with Geelong at capacity and able to benefit from an expected recovery in middle distillate cracks.  Accent Group Ltd (ASX: AX1) This ASX All Ords retail share is swapping hands for $2.27 today, up 2.03%. The Accent share price has lifted 15.6% in the year to date. Bell Potter has a buy rating on the footwear retailer with a 12-month price target of $2.50.  Morgans has an add rating on Accent shares, with equity strategist Andrew Tang noting sales growth in the company's FY24 results despite a challenging retail environment. Clinuvel Pharmaceuticals Limited (ASX: CUV) This ASX All Ords healthcare share is currently trading at $15.54, down 0.77% for the day and 4.4% lower over the year to date. The ASX biotech reported a net profit after tax (NPAT) of $50.7 million for FY24, up 11% year over year.  Mesoblast Ltd (ASX: MSB) The Mesoblast share price is $1.08, up 2.1% for the day and up 249% in 2024 so far.  In its FY24 results last month, the company revealed a 17% fall in revenue to US$5.9 million and a net loss after tax of $88.1 million compared to an $81.8 million loss in FY23. Investors are awaiting the outcome of Mesoblast's Biologics License Application (BLA) resubmission to the US FDA for its remestemcel-L drug.  The medicine is a potential treatment for children with steroid-refractory acute graft versus host disease.  DroneShield Ltd (ASX: DRO) The Droneshield share price is currently $1.40, down 4.78% for the day but up 268.4% year to date. The counter-drone technology company revealed a 110% increase in revenue to $24.1 million but a net loss of $4.8 million in its half-year results last month.  Bell Potter has a buy rating on this ASX All Ords industrials share and an improved price target of $1.35.  The broker said:   We remain confident the company will deliver a significantly improved 2H performance based on 1) the significant level of inventory on hand to facilitate rapid fulfilment, 2) the historical seasonality of the business with >80% of CY23 revenue recorded in the 2H and 3) numerous near-term sales opportunities, including recently announced military aid packages.  Supply Network Ltd (ASX: SNL) This ASX All Ords consumer discretionary share is changing hands for $29.50 on Tuesday, down 1.6%. The Supply Network share price has ascended 78.3% in the year to date. Goldman Sachs has a buy rating on Supply Network. The broker has a 12-month share price target of $27.40 on the ASX All Ords small-cap share.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.28.3","shortVersion":"4.28.3","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/2464414608"}