Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the ones listed below that have recently been named as buys.

Here’s what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty is Australia’s leading online beauty retailer. Despite its leadership position and almost 1 million customers, it is still only commanding a modest share of the $11.2 billion Australian beauty and personal care (BPC) market. But as more and more sales shift online, Adore Beauty looks well-placed to benefit. This provides it with a long runway for growth over the 2020s.

UBS is a fan of the company. It has a buy rating and $6.00 price target.

Altium Limited (ASX: ALU)

Altium is a leading printed circuit board design software provider. It could be a top option for investors due to its strong long term growth potential thanks to its exposure to the rapidly growing Internet of Things and artificial intelligence markets. These are driving increasing demand for its Altium Designer and Altium 365 software and also its other businesses such as the Octopart search engine.

Jefferies is very positive on Altium and has a buy rating and $48.83 price target on the company’s shares.

ResMed Inc. (ASX: RMD)

ResMed is a medical device company which has a focus on sleep treatment solutions. Over the last decade the company’s revenue and earnings have grown at a very strong rate thanks to the quality of its products and its large and growing market opportunity. In respect to the latter, management estimates that there are almost one billion people with sleep apnoea globally, with only ~20% diagnosed. It also notes that a little under half a billion people suffer from chronic obstructive pulmonary disease (COPD) globally. These markets alone give ResMed a very long growth runway.

Morgans is a fan of ResMed and currently has an add rating and $40.80 price target.

The post 3 top ASX growth shares to buy in January appeared first on The Motley Fool Australia.

More reading

• 2 ASX growth shares rated as buys in January 2022
• 3 fantastic ASX 200 shares to buy in 2022
• Top brokers name 3 ASX shares to buy
• Top ASX shares to buy in 2022
• 3 ASX growth shares could be strong buys

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 and has recommended Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3JxXex0

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

Rather than deciding on which individual shares you should put your funds into, ETFs allow you to invest in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are highly rated:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF to look at is the BetaShares Global Cybersecurity ETF. This fund provides investors with exposure to the leaders in the global cybersecurity sector. Given that the Australian share market has little to no quality options in the cybersecurity space, this makes the ETF a particularly good option for investors interested in the cybersecurity theme. Among the companies in the fund are cybersecurity giants Accenture, Cloudflare, Crowdstrike, and Okta.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ETF to consider is the BetaShares NASDAQ 100 ETF. This is one of the most popular ETFs on the Australian share market and it isn’t at all surprising. The BetaShares NASDAQ 100 ETF allows investors to own a slice of the 100 largest non-financial shares on the famous NASDAQ index. This means you’ll be buying a stake in giants including Alphabet, Amazon, Apple, Facebook/Meta, Microsoft, Netflix, and Tesla.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to a portfolio of the largest companies involved in video game development, hardware, and eSports. This side of the market has been growing strongly in recent years and is expected to continue doing so over the medium term. Included in the fund are high quality and growing companies such as Nvidia, Roblox, Take-Two, and Electronic Arts.

The post 3 high quality ETFs for ASX investors in January appeared first on The Motley Fool Australia.

More reading

• Here are 2 fantastic ETFs for ASX investors in 2022
• 2 exciting tech ETFs for ASX investors in 2022
• Are these 2 strong ASX growth shares to buy?
• 3 ETFs for smart ASX investors in 2022
• 2 top tech ETFs for 2022

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 and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3pLflI0

2021 followed a stellar year for the ASX buy now, pay later (BNPL) sector. Unfortunately, it didn’t bring the same glory for most of the sector’s participants.

In fact, these 5 ASX BNPL companies all saw their share price more than halve over the course of last year.

Let’s take a look at which BNPL stocks suffered most in 2021.

A quick note before we start: This list only contains companies with market capitalisations of more than $30 million.

The worst performing ASX BNPL stocks of 2021

Laybuy Holdings Ltd (ASX: LBY) – down 82%

Unfortunately for Laybuy Holdings investors, the company has taken out the undesirable cake. It’s crowned the worst performing ASX BNPL share for 2021.

The company’s stock started the year trading at $1.31 and hit a 52-week high of $1.50. Over the course of the year, however, it tumbled to just 23.5 cents.

Splitit Ltd (ASX: SPT) – down 81%

2021 was also a particularly bad year for the Splitit share price.

It gradually dropped 81% of its value over the 12-month period.

At the start of the year, Splitit’s shares were trading for $1.30. However, come the final close of the year it was going for 25 cents.

Openpay Group Ltd (ASX: OPY) – down 68%

Despite starting the year out strong, the Openpay share price ended last year 68% lower than it started it.

It tumbled from its starting price of $2.37 to end the year at 72.5 cents, hitting a 52-week high of $3.57 along the way.

Douugh Ltd (ASX:DOU) – down 59%

This ASX BNPL stock started the year out as the new face on the block.

Douugh floated in October 2020. It launched its first BNPL offering shortly after.

The company’s stock started 2021 trading at 17 cents and quickly surged to its 52-week high of 37.5 cents. Though, its glory didn’t last.

As of Friday’s close, the Douugh share price is 6.9 cents.

Sezzle Inc (ASX: SZL) – down 51%

Popular ASX BNPL stock, Sezzle just snuck onto this list after falling 51% over 2021.

That’s despite the company trading relatively flat for the first 8 months of the year – albeit, with plenty of peaks and troughs.

The company’s half year report seemed to be the cataylst for its troubles. Its share price fell nearly 15% on the day of its release and hasn’t managed to regain its feet since.

After beginning 2021 trading at $6.27, the Sezzle share price finished the year at $3.02.

The post These were the 5 worst performing ASX BNPL shares of 2021 appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares hitting 52-week lows
• Latitude (ASX:LFS) boss warns many ASX BNPL companies “will go out of business”
• Openpay (ASX:OPY) share price sinks 6% in grim day for ASX BNPL shares
• Zip (ASX:Z1P) share price dives 8% amid US concerns and Sezzle merger rumbles
• Why is the Sezzle (ASX:SZL) share price tumbling 7% today?

Motley Fool contributor Brooke Cooper 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 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.

from The Motley Fool Australia https://ift.tt/3sJIEwq

Some ASX shares are known for their dividends and others have been known for growth. There are a select number of stocks that could provide a mixture of both.

Not every business makes profit. Not every company that makes a profit pays a dividend.

However, these two businesses are expected to demonstrate long-term growth and could be decent options for income too:

Ansell Limited (ASX: ANN)

Ansell describes itself as a world leader in providing health and safety protection solutions that “enhance human wellbeing”. The company says that the world always needs better protection so it’s constantly researching, developing and investing to manufacture and distribute the best products through innovation and technology.

It operates in two main business segments, industrial and healthcare. It operates globally.

Ansell has a history of growing its dividend and 2021 was a year of significant growth for the business as it helped the world protect and fight against COVID-19. In FY21 the ASX share managed to grow its profit by 48.5% to $246.7 million and the dividend was increased by 53.6% to 76.8 cents per share.

Whilst healthcare saw a large increase in revenue production volumes, the industrial segment also saw organic revenue growth of 7.1% with a recovery in ‘mechanical’ and continued growth from ‘chemical’.

The company was able to bring capacity expansion online, with 12 new glove lines and several new body protection lines live which will support growth for FY22 and beyond.

Ansell is making sure it’s well positioned for the post COVID-19 environment by continuing to invest in its sales force, customer experience, product innovation and digital capabilities.

However, FY22 could see lower healthcare demand depending on COVID-19 impacts.

Morgans currently rates Ansell as a buy, with a price target of $41.87 – that’s more than 30% higher than where it is right now. At the current Ansell share price, it’s valued at around 12x FY23’s estimated earnings with a projected FY23 yield of 3.5%.

Kogan.com Ltd (ASX: KGN)

Kogan is a leading business in the Australian and New Zealand e-commerce spaces with its website businesses of Kogan and Mighty Ape.

The ASX share had been experiencing higher costs in relation to excess inventory after overestimating how much customer demand there was going to be.

However, Kogan says it has now solved these issues. Costs and margins are now expected to be better than a few months ago and management are expecting that the business can continue to grow its online market share.

Between FY19 and FY21 it grew its market share from 2.1% to 2.7%. It’s growing market share in a growing online market. It’s estimated that in FY21, Australians spent $48.6 billion on online retail, a level that was around 13.3% of the total retail trade estimate.

Kogan has a five-year goal of $3 billion of gross sales to FY26. That would be a compound annual growth rate (CAGR) of over 20% from FY21.

Credit Suisse currently rates the Kogan share price as a buy, with a price target of $13.88. That’s a potential upside of more than 50% over the next several months.

The broker puts the Kogan share price at 22x FY23’s estimated earnings with a grossed-up dividend yield of 3.3% in FY23.

The post 2 ASX shares that could be buys for both growth and dividends appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in January 2022
• In the ‘dog basket’: 6 ASX shares that could rebound in 2022
• 3 reasons why the Kogan (ASX:KGN) share price could be a smart buy
• These are the 10 most shorted ASX shares
• Forget Christmas! Could these ASX retail shares be set for a Boxing Day bonanza?

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

from The Motley Fool Australia https://ift.tt/3pIhmEM