If you are looking for some new additions to your portfolio in December, then the ASX shares listed below could be worth a closer look. They have been named on Australian Equities Panel for the month ahead. The broker notes that these are the shares that it believes "offer attractive risk-adjusted returns over the long term." In addition, Bell Potter highlights that when choosing its picks it considers the current macro-economic backdrop and investment environment, focusing on quality companies with proven track records, capable management, and competitive advantages. You can read about the first two ASX shares on the list . Let's now take a look at three more of the broker's top picks for the month. They are as follows: ( ) Bell Potter continues to rate this biotechnology giant very highly and keeps it on its Australian equities panel for another month. The broker feels that now is a great time to buy given its positive earnings outlook and the lower than normal multiples its shares trade on. Bell Potter explains: CSL presents an attractive buying opportunity as we anticipate the start of a margin recovery phase for CSL, driving above-market earnings growth over the next few years. CSL trades at a 12-month forward PE of ~28x, representing a discount to its 10-year average of ~31x. Furthermore, the company will continue to deleverage the balance sheet over the next few years. Given the company's proven quality and growth prospects, we believe significant upside remains. ( ) A new addition to the Australian Equities Panel in December is energy producer Santos. Bell Potter believes that the company is a great pick right now due to its cheap valuation and positive earnings and free cash flow outlook. It also notes that Santos is well-placed with commodity prices where they are and doesn't need higher prices to drive higher levels of free cash flow. It said: One of our top value picks is Santos and we believe the market underestimates the long-term demand for oil and liquefied natural gas. In our view, Santos can continue to increase production and drive earnings growth over the next few years and should see a significant increase in its free cash flow and dividends as they pass peak CAPEX in FY24. In addition, STO does not need higher commodity prices to drive higher free cash flow and dividends. ( ) Finally, Bell Potter thinks that youth fashion retailer Universal Store would be a great ASX share to buy this month. It likes the company due to its store expansion opportunity and attractive valuation. It said: Universal Store Holdings is a leading youth focused apparel, footwear and accessories retailer in Australia. UNI will continue to increase store numbers over the next few years, supporting earnings growth of 12% p.a. over (FY25-27). Valuation looks attractive, trading on a fwd P/E of ~14x. UNI is a quality small cap (ROE ~25%) that is executing on its rollout strategy.Americans are more optimistic about 2025 than they were about 2024 — in large part because of President-elect Donald Trump, according to new polling. In a December CBS News/YouGov poll, 57% of respondents said that, when looking ahead to 2025, they feel more hopeful than discouraged . Meanwhile, 23% said they feel more discouraged, and 20% said they feel both equally. In contrast, a poll taken during December 2023 found that 47% of respondents were hopeful about 2024 — marking a 10-point difference. An additional 22% said they were discouraged, and 31% said they felt both equally. The latest poll — fielded between Dec. 18-20 with a sample of 2,244 adults — asked the hopeful respondents what makes them feel mostly optimistic about the new year. It provided them with seven options. Sixty percent said “Trump becoming president” made them feel mostly hopeful, making it the most popular choice. Following that, 55% said family and personal relationships, 51% said personal finances and opportunities, and 51% said the U.S. economy, according to the poll, which has a margin of error of 2.4 percentage points. Slightly less than half, 47%, said personal health, 34% said American politics generally and 33% said “the state of the world.” The poll, using the same seven choices, then asked the discouraged respondents what makes them feel mostly pessimistic about 2025. The vast majority, 85%, said Trump becoming president made them mostly disheartened, again making it the most popular choice. Meanwhile, 74% said American politics generally, 71% said the state of the world and 58% said the American economy. Less than half, 46%, said personal finances and opportunities, while 28% said personal health, and 17% said family and personal relationships. The responses were largely skewed based on partisan affiliation, with 85% of Republicans saying they feel hopeful and 38% of Democrats saying the same. ©2024 The Charlotte Observer. Visit charlotteobserver.com . Distributed by Tribune Content Agency, LLC.UCB SA (OTCMKTS:UCBJY) Sees Significant Decline in Short Interest
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LOS ANGELES (AP) — The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. _____ Boak reported from Washington. Josh Boak And Sarah Parvini, The Associated Press