Day: September 24, 2021

3 exciting ASX growth shares analysts love

a graphic image of three upward pointing arrows with smoke coming from their bottoms, indicating the arrows are taking off.

If you’re planning to add some growth shares to your portfolio, then you may want to look at the shares listed below.

All three of these ASX growth shares have been tipped as buys recently. Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Sage and Breville brands, to name just two. Breville has been growing at a strong rate over the last few years thanks to a combination of acquisitions, its international expansion, and its continued investment in research and development. Positively, these same factors are expected to drive further growth in the years to come.

Morgans is positive on the company’s long term growth outlook. As a result, its analysts currently have an add rating and $34.00 price target on its shares.

Kogan.com Ltd (ASX: KGN)

Another growth share to look at is Kogan. This ecommerce company may have been struggling with inventory issues, but its future remains very bright. This could potentially mean the recent weakness in the Kogan share price is a buying opportunity for long term focused investors. Particularly given its strong market position, growing private label offering, and the structural shift to online shopping.

Credit Suisse remains positive on the company and appears to believe investors should look beyond its short term issues and focus on its positive long term growth outlook. Its analysts have an outperform rating and $14.06 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

A final growth share to look at is PointsBet. It is a sports wagering operator with operations in the ANZ and US markets. PointsBet offers innovative sports betting products and services via its scalable cloud-based platform. These are resonating well with punters, which has led to the company growing its revenue at a rapid rate in recent years.

Ord Minnett currently has a buy rating and $13.10 price target on the company’s shares. It is positive on PointsBet’s long term growth prospects.

The post 3 exciting ASX growth shares analysts love appeared first on The Motley Fool Australia.

Should you invest $1,000 in PointsBet right now?

Before you consider PointsBet, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and PointsBet wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd and Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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How to turn $20,000 into $300,000 in 10 years with ASX shares

It's raining cash for this man, as he throws money into the air with a big smile on his face.

I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth. To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the three ASX shares that are listed below:

Corporate Travel Management Ltd (ASX: CTD)

While it may not have been a smooth ride, particularly during the pandemic, this corporate travel booker’s shares have smashed the market over the last 10 years. This has been driven by the company’s highly successful growth through acquisition strategy and its focus on technology. This has underpinned a significant increase in its revenue and earnings over the period. Over the 10 years, Corporate Travel Management’s shares have generated a total return of 32.4% per annum for investors. This would have turned a $20,000 investment into ~$330,000.

Goodman Group (ASX: GMG)

This integrated commercial and industrial property company has been a great place to invest over the last 10 years. This is thanks to Goodman’s highly successful focus on investing in and developing high quality industrial properties in strategic locations close to large urban populations and in and around major gateway cities globally. This has underpinned strong earnings and distribution growth, leading to its shares generating a total average return of 24.2% per annum since this time in 2011. This would have turned a $20,000 investment into ~$175,000.

Premier Investments Limited (ASX: PMV)

The Premier Investments share price has been a market beater over the last decade. This has been driven largely by the successful expansion of its Smiggle brand internationally and the strong growth of the Peter Alexander brand. During this time, the retail conglomerate’s shares have generated an average total return of 20.7% per annum. This would have turned an investment of $20,000 in the company’s shares in 2011 into $131,000 today.

The post How to turn $20,000 into $300,000 in 10 years with ASX shares appeared first on The Motley Fool Australia.

Should you invest $1,000 in Corporate Travel Management right now?

Before you consider Corporate Travel Management, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Corporate Travel Management wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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What is the outlook for the Wesfarmers (ASX:WES) share price

Happy couple laughing while shopping in supermarket

The Wesfarmers Ltd (ASX: WES) share price has had a stellar year thus far.  

Since the start of the year, shares in the conglomerate have soared more than 12%.  

Let’s have a look at what the future might hold for the Wesfarmers share price.  

What’s been happening with the Wesfarmers share price?

With a large proportion of the Australian population being under some form of COVID-19 induced lockdown, the shares in Wesfarmers have surely benefited.

After soaring to 52-week highs, shares in the conglomerate gave back a large chunk of its gains.

The main catalyst can be attributed to the company’s full year report.

Despite delivering solid growth in FY21, Wesfarmers flagged that earnings in the group’s retail businesses for the first half of FY22 may be below the prior corresponding period.

As a result, investors may be questioning the outlook for shares in Wesfarmers.

Outlook on the Wesfarmers share price

A recent article published by my Foolish colleague has addressed what the future may look like for investors in Wesfarmers.

The article focused on two prominent fund managers and their take on the conglomerates future.

The panellists noted that Wesfarmers remains well capitalised and cited the dominant position that Bunnings holds in the sector.

The fund managers were also impressed by the company’s strong balance sheet, capital allocation and durability.

According to the panellists, these strengths have been reflected in the Wesfarmers share price over the last 5 years.

In a separate piece, another colleague of mine has also elaborated on why shares in the conglomerate could be a long-term buy.

More on the Wesfarmers share price

Wesfarmers recently made headlines after making a ‘sweetened’ bid to acquire Australian Pharmaceutical Industries Ltd (ASX: API).

The conglomerate has offered to buy 100% of API’s outstanding shares at $1.55 per share under a revised scheme arrangement.

Wesfarmers made its intentions about expanding into the beauty and pharmaceutical sector clear earlier this year.

The conglomerate lodged a $687 million takeover bid for API in July, which was rejected by the pharmaceutical company.

Up until recently, the Wesfarmers share price was having a stellar year. However, in the past month shares in the conglomerate have fallen more than 14% from their record highs.

The Wesfarmers share price finished yesterday’s session trading at $57.36.

The post What is the outlook for the Wesfarmers (ASX:WES) share price appeared first on The Motley Fool Australia.

Should you invest $1,000 in Wesfarmers right now?

Before you consider Wesfarmers, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Wesfarmers wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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2 buy-rated ASX dividend shares with generous yields

Couple counting out money

Fortunately, in this low interest rate environment, there are plenty of shares offering investors attractive dividend yields.

Two dividend shares that are currently rated as buys are listed below. Here’s why they could be buys next week:

Centuria Industrial Reit (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is focused on building a portfolio of high quality industrial assets to deliver income and capital growth to investors. At present, its portfolio is well positioned with an 89% weighing to Australia’s high performing eastern seaboard industrial markets.

The majority of its tenant base is linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals. It has also just announced the acquisition of eight freehold urban infill industrial assets for a total of $351.3 million. Management notes that this expands the company’s exposure across key industrial sub-sectors. These include distribution centres, cold storage, and transport logistics.

The team at Macquarie are bullish on the company. Last week the broker retained its outperform rating and lifted its price target to $4.22. It is also forecasting a 17.3 cents per share distribution in FY 2022. Based on the latest Centuria Industrial share price of $3.77, this equates to a 4.6% yield.

Westpac Banking Corp (ASX: WBC)

If you don’t already have exposure to the banking sector, then Westpac could be a dividend share to buy. This is due to improving trading conditions, its strong balance sheet, and its bold cost reduction targets.

It is partly due to the latter that analysts at Citi are very positive on the bank. They note that Westpac is aiming to reduce its cost base to $8 billion in the coming years. This compares to its $12.7 billion cost base at present.

In addition, the broker believes its shares are trading at an attractive level for investors. So much so, Citi has a buy rating and $30.00 price target on its shares. This compares to the latest Westpac share price of $25.25.

Citi is forecasting fully franked dividends of $1.16 per share in FY 2021 and then $1.30 per share in FY 2022. This represents yields of 4.6% and 5.1%, respectively, over the next couple of years.

The post 2 buy-rated ASX dividend shares with generous yields appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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