The ASX share market is jumping around like a rabbit going downhill. In all of this uncertainty, there are some great investments that are trading cheaply, in my view.
There is no rulebook on how this will play out. Is Trump determined to see this through even if there's significant pain in the short term? What's going to happen to global inflation?
You can see why some fearful investors are exiting. But, I think the indiscriminate selling is opening up opportunities for brave investors. I'm going to talk about two investments that seem too cheap to ignore.
Global X Fang+ ETF (ASX: FANG)
Global businesses have taken a bit of a hammering in recent times, particularly businesses on high valuations and ones exposed to global trade. I'm calling this fund an ASX share because we can buy it on the ASX.
Apple is one of those businesses being sold off because of its Asian-based manufacturing base which could be impacted by the tariffs.
Nine other businesses in this exchange-traded fund (ETF) could be impacted by the tariffs to varying levels. Those companies include Microsoft, Netflix, Amazon, Alphabet, Meta Platforms, ServiceNow, Crowdstrike, Nvidia, and Broadcom.
Even if these tariffs persist for years, I'd still call this collective group of businesses cheap because they generate a significant portion of their earnings from overseas. Europe and other places aren't applying tariffs on non-US countries; only the US is. The non-US earnings could help cushion the blow for these companies.
I think these businesses are being too heavily punished, considering their global growth potential and their involvement in various advanced technologies (such as AI, cloud computing, VR, and so on).
The FANG ETF unit price is down 23% since 18 February 2025.
Brickworks Ltd (ASX: BKW)
Brickworks shares have fallen 19% in the past six months, partly due to the challenging economic climate for building products and partly due to worries about tariffs.
But, the ASX share has significant underlying value with its holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares and its 50% ownership of industrial properties. Those assets generate significant cash flow for Brickworks and have real value.
For example, the Soul Patts shares are currently worth around $3.25 billion, compared to Brickworks' market capitalisation of approximately $3.5 billion.
Its holding of the industrial properties was worth $2 billion at the end of the FY25 first-half result. These properties could grow in value from organic rental increases, interest rate cuts and further warehouse completions.
Those two assets alone are worth far more than Brickworks' market capitalisation, and I think the ASX share looks like a bargain because of it.
The post Why I think these 2 ASX shares are steals right now appeared first on The Motley Fool Australia.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Apple, Brickworks, CrowdStrike, Meta Platforms, Microsoft, Netflix, Nvidia, ServiceNow, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Broadcom and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Alphabet, Amazon, Apple, CrowdStrike, Meta Platforms, Microsoft, Netflix, Nvidia, and ServiceNow. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2025