Better buy: ASX bank or mining shares?

MotleyFool09-17

The S&P/ASX 200 Index (ASX: XJO) is dominated by two sectors – ASX bank shares and ASX mining shares. Those two industries have seen very divergent performances. In 2024 to date, the BHP Group Ltd ...

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Those two industries have seen very divergent performances.   \nIn 2024 to date, the BHP Group Ltd ...</p>\n\n<a href=\"https://www.fool.com.au/2024/09/17/better-buy-asx-bank-or-mining-shares/\">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>Better buy: ASX bank or mining shares?</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\">\nBetter buy: ASX bank or mining shares?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/09/17/better-buy-asx-bank-or-mining-shares/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P/ASX 200 Index (ASX: XJO) is dominated by two sectors – ASX bank shares and ASX mining shares. Those two industries have seen very divergent performances.   \nIn 2024 to date, the BHP Group Ltd ...</p>\n\n<a href=\"https://www.fool.com.au/2024/09/17/better-buy-asx-bank-or-mining-shares/\">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":"CBA.AU","symbol_name":"COMMONWEALTH BANK OF AUSTRAL","start_time":0,"source_url":"https://www.fool.com.au/2024/09/17/better-buy-asx-bank-or-mining-shares/","article_id":"2468587449","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468587449","pubTimestamp":1726529142,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The S&P/ASX 200 Index  is dominated by two sectors – ASX bank shares and ASX mining shares. Those two industries have seen very divergent performances.In 2024 to date, the BHP Group Ltd  share price is down 22%, the Rio Tinto Ltd  share price is down 19% and the Fortescue Ltd  share price is down 41%.Whereas in 2024, the ASX bank share space has seen the Commonwealth Bank of Australia  share price rise 26%, the Westpac Banking Corp  share price rocket 42%, the ANZ Group Holdings Ltd  share price jump 20%, and the National Australia Bank Ltd  share price increase 26%.Looking at those numbers, we can see the biggest difference is that the Fortescue share price has underperformed the Westpac share price by more than 80% in 2024 to date.Should investors back the banks to keep going or switch to the beaten-up ASX mining shares?The portfolio managers of the listed investment company  WAM Leaders Ltd  recently held a webinar to update investors about the LIC's performance and comment on vario","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","RIO.AU":"力拓","ANZ.AU":"ANZ GROUP HOLDINGS LTD","NAB.AU":"NATIONAL AUSTRALIA BANK LTD","BK7507":"资源股","XAO.AU":"标普/澳交所 普通股指数","FMG.AU":"FORTESCUE LTD","BK7145":"房地产开发","BK7129":"钢铁","XJO.AU":"标普/澳交所 200指数","BK7135":"综合性银行","XKO.AU":"标普/澳交所 300指数","LIC.AU":"Lifestyle Comnts","BK7511":"ESG概念","BK7095":"多种金属与采矿","WLE.AU":"WAM LEADERS LTD","BHP.AU":"BHP GROUP LTD","WBC.AU":"WESTPAC BANKING CORPORATION"},"translate_title":"更值得购买：澳大利亚证券交易所银行股还是矿业股？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP.AU":1,"XJO.AU":1,"WLE.AU":1,"WBC.AU":1,"RIO.AU":1,"NAB.AU":1,"LIC.AU":1,"FMG.AU":1,"CBA.AU":1,"ANZ.AU":1,"XAO.AU":0.71,"XKO.AU":0.71},"content_text":"The S&P/ASX 200 Index (ASX: XJO) is dominated by two sectors – ASX bank shares and ASX mining shares. Those two industries have seen very divergent performances.   \nIn 2024 to date, the BHP Group Ltd (ASX: BHP) share price is down 22%, the Rio Tinto Ltd (ASX: RIO) share price is down 19% and the Fortescue Ltd (ASX: FMG) share price is down 41%.\nWhereas in 2024, the ASX bank share space has seen the Commonwealth Bank of Australia (ASX: CBA) share price rise 26%, the Westpac Banking Corp (ASX: WBC) share price rocket 42%, the ANZ Group Holdings Ltd (ASX: ANZ) share price jump 20%, and the National Australia Bank Ltd (ASX: NAB) share price increase 26%.\nLooking at those numbers, we can see the biggest difference is that the Fortescue share price has underperformed the Westpac share price by more than 80% in 2024 to date.\nShould investors back the banks to keep going or switch to the beaten-up ASX mining shares?\nFund manager view on these sectors\nThe portfolio managers of the listed investment company (LIC) WAM Leaders Ltd (ASX: WLE) recently held a webinar to update investors about the LIC's performance and comment on various industries and stocks.\nAccording to reporting by the Australian Financial Review, portfolio manager John Ayoub said:\n\nThe valuations of stocks that have perceived certainty and quality has gone beyond any fundamental basis that we have seen for a considerable period of time.\nOn the other side of the spectrum, we're seeing more and more stocks hit 12-month lows, pre-COVID lows, and unsustainably low valuations which is forcing boards to rectify the valuation disparity.\n\nAyoub pointed out that CBA, NAB, ANZ and Westpac are businesses that are not delivering the earnings growth to justify their higher valuations.\nHe suggested that large institutions are buying bank shares while paying little attention to the value they're getting, with superannuation funds being one of the possible culprits of ongoing buying. Global institutions have supposedly been selling some of their Chinese shares and investing in ASX blue-chip shares, leading to a crowding effect in these stocks that are seen as safer options.\nWAM Leaders believes there could be a turning point in the market where investors may quickly sell out of ASX bank shares and buy ASX mining shares.  \nAyoub said:\n\nThe easy trade has been sell resources and buy banks, but when that unwinds, there's going to be a rapid snapback.\nSo we need to get ahead of that and start building positions, which we're doing now. \n\nWAM Leaders is looking at ASX mining shares such as BHP and Rio Tinto as opportunities.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.27.0","shortVersion":"4.27.0","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/2468587449"}