Just been looking at the ASX pullback from March and honestly, it's created some decent opportunities if you know where to look. Down 6.2% for the month, worst since early 2022, but that's kind of where the interesting picks show up.

So I've been tracking a few Australian shares worth considering right now. CSL's been weak since last year but the underlying business is solid - plasma therapies doing the work across 100+ countries, FY2025 underlying profit up 14% to US$3.3B. Healthcare's actually one of the cheaper sectors on the ASX by price-to-fair-value at the moment.

Then there's BHP. Copper's now 51% of their EBITDA - first time that's happened. That matters because copper's tied to both the energy transition and AI data center buildout. Two massive spending themes in 2026. The commodity price risk is real though, moves quick on demand shifts.

Wesfarmers caught my eye because Bunnings and Kmart are actually growing earnings in a tough consumer environment. That's resilience. FY2025 net profit up 14.4% to $2.93B. Retail division pressure is the main concern if spending really slows.

Goodman's interesting because they're pivoting toward data center development. Not many ASX stocks give you direct exposure to the AI and cloud computing facility boom like this does. Premium valuation though, so rate movements matter.

Macquarie's the largest investment bank here - asset management profit surged 43% in H1 FY2026. They're positioned on four long-term structural themes: demographics, decarbonization, digitalization, deglobalization. Those aren't going anywhere. Energy volatility in commodities is the watch point.

If you're looking at US side, Nvidia's down roughly 8% year-to-date in 2026 after that massive run. FY2026 revenue hit $215.9B, up 65% - data center alone was $193.7B. Some see the dip as a better entry. Heavy AI spending dependency is the risk.

Microsoft's still executing - Q2 FY2026 revenue $81.3B up 17%, Azure grew 39%, Microsoft Cloud crossed $51.5B. Satya's saying they're still early in AI adoption. Margin pressure from infrastructure buildout is the concern.

Alphabet passed $400B in full-year revenue for the first time. Google Cloud grew 48% to $17.7B. Search revenue up 17% despite all the AI disruption fears. Antitrust and AI-native search competition are the real risks here.

TSMC's the chipmaker everyone depends on - Nvidia, AMD, Apple, Broadcom all rely on them. Q4 2025 revenue $33.7B up 25.5%, full year $122.4B. Wall Street consensus is Strong Buy with around 29% upside potential from $326 levels. Geopolitical tension between US, China, Taiwan is the elephant in the room.

Palo Alto Networks is one of the world's largest cybersecurity plays. Q2 FY2026 revenue $2.6B up 15%, next-gen security annual recurring revenue grew 33% to $6.3B. Full-year guidance raised to $11.28-$11.31B. Acquisition integration margin pressure short-term.

Honestly, picking between ASX and US isn't about one being better. ASX is built for income - generous dividends, franking credits make them tax-efficient for local investors. Currently yields around 3.3% vs 1.5% for global shares. US companies reinvest earnings instead, which drives share price growth. Sector mix is totally different too - ASX is mining, banking, healthcare heavy. Top 10 stocks are 49% of the whole index. US gives you global tech, AI infrastructure, consumer brands that don't exist on ASX.

Long-term both have delivered. ASX since 1900 around 11.6% per annum with dividends, US about 10.1%. Most investors probably benefit from a mix of both.

The March selloff created entry points. Just make sure you're buying sound businesses, not just chasing cheap prices. Fundamentals first, always.