Day: February 22, 2022

2 ASX growth shares with huge upside potential

happy investor, share price rise, increase, up

happy investor, share price rise, increase, uphappy investor, share price rise, increase, up

Looking for growth shares to buy? Two that could be worth considering are listed below.

Both look well-placed for growth during the 2020s. Here’s what you need to know about these ASX growth shares:

Allkem Limited (ASX: AKE)

The first ASX growth share to consider is Allkem. It is the top five global lithium mining company that was created with the merger of Galaxy Resources and Orocobre. The company owns a collection of high-quality assets including Olaroz, Mt Cattlin, and the Sal de Vida brine project.

With lithium prices at sky high levels, demand outstripping supply, and plenty of production growth opportunities, Allkem looks well placed to generate strong sales growth in FY 2022 and beyond.

Bell Potter is very positive on Allkem and believes it is the “go-to stock for multi-project exposure to lithium markets.” Last week it upgraded the company’s shares to a buy rating with an improved price target of $17.51. This is almost double the current Allkem share price of $8.78.

The broker explained: “The higher lithium price outlook has resulted in large upgrades to our AKE earnings outlook and valuation. EPS changes in this report are: FY22 +12%; FY23 +76%; and FY24 +131%. Our target price is now $17.51/sh (previously $11.00/sh). We have upgraded our recommendation to Buy.”

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share to look at is this pizza chain operator. It could be a top option due to its strong brand, investment in technology, and bold expansion plans. The latter sees the company aiming to more than double its network to 6,650 stores in existing markets over the next 10 years.

Domino’s also has a strong balance sheet and the flexibility to make acquisitions that could increase its store target even further.

Combined with its long track record of same store sales growth, this bodes well for its sales and profit growth over the next decade. In the meantime, the team at Goldman Sachs is forecasting an operating earnings compound annual growth rate (CAGR) of 14.6% for the next three years.

In light of this strong growth, its analysts have a buy rating and $136.20 price target on the company’s shares. This compares to the latest Domino’s share price of $100.18.

The post 2 ASX growth shares with huge upside potential appeared first on The Motley Fool Australia.

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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 over ten 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 January 12th 2022

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Motley Fool contributor James Mickleboro owns Allkem. 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 recommended Dominos Pizza Enterprises 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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Analysts name 2 ASX 200 blue chip shares to buy

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.

If you’re wanting to boost your portfolio with some blue chip ASX 200 shares then you may want to consider the two listed below.

Both are high quality companies and have been rated as buys recently. Here’s what you need to know about them:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share to look at is this leading integrated commercial and industrial property company.

Goodman has been growing at a solid rate over the last decade thanks to its successful strategy of focusing on investing in and developing high quality industrial properties in strategic locations. These are close to large urban populations and in and around major gateway cities globally.

Pleasingly, this strong form has continued in FY 2022, with Goodman recently handing in another impressive report card.

The team at Citi is positive on Goodman and has named the company as its top pick in the sector. Citi has a buy rating and $29.50 price target on its shares.

Its analysts commented: “GMG’s 1H22 EPS of 41.9c was 12% ahead of Visible Alpha consensus (37.3c) and 6% ahead of Citi (39.5c). FY22 EPS guidance was upgraded for the 2nd time in 6 months to 20% growth, or EPS of 78.7c, +1.5% ahead of ingoing consensus of 77.5c. FY22 DPS guidance was retained at 30c. We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains our top pick in the sector.”

REA Group Limited (ASX: REA)

Another blue chip ASX 200 share to consider buying is this digital advertising company.

REA is the operator of Australia’s leading property website, realestate.com.au, and a range of complementary businesses both at home and internationally.

It was also a strong performer during the first half, delivering a 37% increase in revenue to $590 million and a 27% lift in EBITDA to $368 million. The latter was ahead of the market consensus estimate of $350 million.

This result went down well with the team at Goldman Sachs, which has put a buy rating and $167.00 price target on the company’s shares.

Goldman said: “REA also delivered strong 1H22 earnings growth which was broadly in-line with our expectations, but was weaker in the core Australia business. With a strong start to 2H (i.e. listings +14% in Jan), and continued pricing/depth residential tailwinds, we expect solid 2H momentum.”

The post Analysts name 2 ASX 200 blue chip shares to buy 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 over ten 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 January 12th 2022

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group 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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Here are the top 10 ASX shares today

Top 10 ASX shares todayTop 10 ASX shares todayTop 10 ASX shares today

Today, the S&P/ASX 200 Index (ASX: XJO) weakened under the weight of escalation between Russia and Ukraine. At the end of the session, the benchmark index finished 1% lower at 7,161.3 points.

There was a clear flocking of funds to the more typical ‘safe haven’ assets on Tuesday. Gold mining shares firmed alongside consumer staples. However, it was the oil and gas portion of the market that delivered the greatest returns today. Fears of tightening supply from Russia in the event of a conflict bolstered the price of oil today.

At the other end of the market, tech consumer discretionary shares suffered the steepest falls. These sectors experienced falls of 3.2% and 2.7% respectively.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Cochlear Ltd (ASX: COH) was the biggest gainer today. Shares in the hearing device maker surged 9.00% after the company reported a solid half-year result. Find out more about Cochlear here.

The next biggest gaining ASX share today was Northern Star Resources Ltd (ASX: NST). The second-largest ASX-listed gold mining company gained 4.63% today amid rising instability on the geopolitical front. Uncover the latest Northern Star Resources details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company Share price Price change
Cochlear Ltd (ASX: COH) $207.37 9.00%
Northern Star Resources Ltd (ASX: NST) $10.16 4.63%
Lendlease Group (ASX: LLC) $10.77 4.46%
Woodside Petroleum Ltd (ASX: WPL) $29.25 3.76%
Beach Energy Ltd (ASX: BPT) $1.53 3.38%
Meridian Energy Ltd (ASX: MEZ) $4.90 3.38%
Endeavour Group Ltd (ASX: EDV) $7.41 3.20%
Santos Ltd (ASX: STO) $7.09 3.20%
Coles Group Ltd (ASX: COL) $17.27 3.17%
Evolution Mining Ltd (ASX: EVN) $4.34 2.84%
Data as at 4:00pm AEDT

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today 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 over ten 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 January 12th 2022

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cochlear Ltd. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Cochlear 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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3 fantastic ETFs for ASX investors today

a man with a wide, eager smile on his face holds up three fingers.

a man with a wide, eager smile on his face holds up three fingers.a man with a wide, eager smile on his face holds up three fingers.

There are a lot of exchange traded funds (ETFs) funds out there for investors to choose from.

Three top ETFs that you may want to look deeper into are listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you’re looking to gain exposure to the growing Asian economy, then the BetaShares Asia Technology Tigers ETF could be worth considering. This ETF gives investors access to a number of the most promising tech shares in the Asian market. These are the Apples, Googles, and Amazons of the Asia market. Among its holdings you’ll find Alibaba, JD.com, Baidu, and Tencent.

BetaShares Cloud Computing ETF (ASX: CLDD)

Due to the ongoing shift to the cloud, companies with exposure to cloud computing look well-placed for growth. This could make the BetaShares Cloud Computing ETF a good option for investors looking to gain access to this theme. This popular ETF aims to track the performance of the Indxx Global Cloud Computing Index, which includes leading global companies involved in all aspects of the cloud computing market. This includes companies such as Dropbox, Netflix, Shopify, and Zoom.

iShares Global Healthcare ETF (ASX: IXJ)

Finally, investors that are interested in gaining exposure to the healthcare sector might want to look at the iShares Global Healthcare ETF. This ETF aims to provide investors with the performance of the S&P Global 1200 Healthcare Sector Index, before fees and expenses. This index has been designed to measure the performance of global biotechnology, healthcare, medical equipment and pharmaceuticals companies. This includes local healthcare giants CSL Ltd (ASX: CSL) and Ramsay Health Care Limited (ASX: RHC), and global players such as Astra Zeneca, Johnson & Johnson, Moderna, Novartis, Pfizer, and Sanofi.

The post 3 fantastic ETFs for ASX investors today 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 over ten 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 January 12th 2022

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 has recommended BetaShares Asia Technology Tigers ETF. 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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