Day: March 15, 2022

3 quality blue chip ASX 200 shares analysts are tipping as buys

Person holding a blue chip.

Person holding a blue chip.Person holding a blue chip.

Investors that are looking for some new shares to buy might want to look at the blue chips listed below.

These three blue chip ASX 200 shares have been tipped to climb meaningfully higher from where they trade today. Here’s what you have to know about them:

CSL Limited (ASX: CSL)

The first blue chip for investors to look at is one of the world’s leading biotechnology companies. CSL comprises the CSL Behring and Seqirus businesses, which are leaders in their respective fields – plasma therapies and vaccines. The company is also aiming to acquire Vifor Pharma in a blockbuster deal that will expand its product portfolio and pipeline. All in all, this deal, its billion-dollar per annum spend on R&D, and improving plasma collections, appear to have positioned CSL well for long term growth.

Yesterday the team at Citi retained its buy rating and $335.00 price target on CSL’s shares. Its analysts believe that plasma collections will bounce back beyond pre-pandemic levels this year. Citi expects this to be a big boost to investor sentiment.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share that could be in the buy zone is Goodman. It is a global integrated commercial and industrial property company with a world class property portfolio. These properties have exposure to key growth markets such as ecommerce and are in high demand. Thanks to this strong demand and its lucrative development pipeline, Goodman has been tipped to continue its strong growth long into the future.

Citi is also positive on Goodman’s future. Its analysts currently have a buy rating and $29.50 price target on its shares. The broker recently stated that it expects Goodman to outperform its upgraded earnings guidance in FY 2022.

ResMed Inc. (ASX: RMD)

A final blue chip ASX 200 share to look at is ResMed. It is a sleep treatment focused medical device company which has been tipped to continue its stellar growth long into the future. This is thanks to its world class products, significant market opportunity, the growing prevalence of sleep disorders, and, as Morgans highlights, its “unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.”

It is partly because of the latter that Morgans is positive on the company and has an add rating and $40.46 price target on its shares.

The post 3 quality blue chip ASX 200 shares analysts are tipping as buys 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. owns and has recommended CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. 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’s how ANZ plans to keep ‘decision making fair’

a woman in a business suit stands with her arms folded in the background of a statue of lady justice wearing robes, carrying a sword and holding the scales of justice.a woman in a business suit stands with her arms folded in the background of a statue of lady justice wearing robes, carrying a sword and holding the scales of justice.a woman in a business suit stands with her arms folded in the background of a statue of lady justice wearing robes, carrying a sword and holding the scales of justice.

Australia and New Zealand Banking Group Ltd (ASX: ANZ) has appointed a new customer fairness advisor.

ANZ shares climbed 0.41% on Tuesday, finishing at $26.69 at market close. The S&P/ASX 200 Financials Index (ASX: XFJ) also finished ahead today, up 0.99%. For perspective, the S&P/ASX 200 Index (ASX: XJO) fell 0.73%.

Let’s take a look at what ANZ announced on Tuesday.

New appointment

ANZ has appointed Evelyn Halls as its customer fairness advisor, the bank announced. Halls will report to the company’s CEO Shayne Elliott. Commenting on the appointment, Elliott said:

This is a crucial role for ANZ that we first established in 2016 and I’m confident Evelyn will build on the legacy of Colin Neave who served as ANZ’s inaugural Customer Fairness Advisor.

As ANZ’s services become even more digital, we’ll be particularly looking to Evelyn to help us use data responsibly and ensure our decision making is fair.

Halls recently served as lead ombudsman at the Australian Financial Complaints Authority. She has more than 25 years of experience in the legal and financial services sector.

In early March, ANZ also restructured its executive team to prepare for future growth. The retail and digital divisions of the bank have been combined, while a new commercial division has been created.

The ANZ share price also climbed yesterday amid concerns of rising inflation, as my Foolish colleague Sebastian reported.

The US Federal Reserve is due to meet this week when it is widely predicted interest rates will rise by 25 basis points, CNBC reported. The Australian Reserve Bank of Australia (RBA) often takes its lead from the US Federal Reserve, as my Foolish colleague Bernd has noted.

The other three of the Big 4 banks also finished higher on Tuesday. National Australia Bank Ltd (ASX: NAB) climbed 0.86%, Westpac Banking Corp (ASX: WBC) jumped 1.12%, while Commonwealth Bank of Australia (ASX: CBA) gained 1.75%. Macquarie Group Ltd (ASX: MQG) bucked the trend, finishing 0.44% lower.

ANZ on the ASX snapshot

The ANZ share price has shed 6.02% in the past 12 months but in the past week alone, it has jumped 6.76%.

In comparison, the benchmark financials index has leapt 7.26% in the past 12 months, gaining 7.47% in a week.

ANZ has a market capitalisation of about $74.8 billion based on its current share price.

The post Here’s how ANZ plans to keep ‘decision making fair’ appeared first on The Motley Fool Australia.

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

Before you consider ANZ, 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 ANZ wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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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 Macquarie Group Limited and Westpac Banking Corporation. 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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‘Cut-throat’: Why did NAB make headlines today?

a group of seven businesspeople take to the floor in starter block positions as though they are set to compete in a running race in an office environment.a group of seven businesspeople take to the floor in starter block positions as though they are set to compete in a running race in an office environment.a group of seven businesspeople take to the floor in starter block positions as though they are set to compete in a running race in an office environment.

The National Australia Bank Ltd (ASX: NAB) share price finished in the green on Tuesday.

NAB shares climbed 0.86% today, finishing at $30.64 at market close. For perspective, the S&P/ASX 200 Index (ASX: XJO) fell 0.73% today.

Let’s take a look at what is happening at NAB.

New sales targets

NAB is making headlines today amid a decision to bring back KPI [key performance indicator] sales targets for branch staff.

Internal documents reveal the bank is using the targets to sell credit cards, general insurance, and personal loans, The Age reported. Higher uptakes could lead to better earnings for the bank.

There are also targets for boosting home loan drawdowns, according to the ‘KPI Guide Performance Plans’ document seen by the publication. Bank staff reportedly hit their target if they can raise the drawdown by $39 to $60 million a year.

University of Sydney Business School senior lecturer Andrew Grant told the publication the sales targets could create a “cut-throat” culture.

In response to the reports, NAB said financial targets account for less than 20% of the performance of staff. NAB retail executive Krissie Jones added:

We regularly review our performance and reward frameworks so that they encourage the right behaviour to deliver good outcomes for customers

The S&P/ASX 200 Financials Index (ASX: XFJ) finished up 0.99% today. NAB makes up 22.1% of the total market cap of the financials sector on the ASX.

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price climbed 0.41% today, Westpac Banking Corp (ASX: WBC) shares gained 1.12% while Commonwealth Bank of Australia (ASX: CBA) jumped 1.75%. Conversely, the Macquarie Group Ltd (ASX: MQG) share price dropped 0.44%.

NAB on the ASX recap

The NAB share price has rocketed 17% in the past 12 months, gaining 6% year to date.

In the past month, NAB shares have climbed 0.69% although they have jumped nearly 8% in the past week

NAB has a market capitalisation of about $99 billion based on its current share price.

The post ‘Cut-throat’: Why did NAB make headlines today? appeared first on The Motley Fool Australia.

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

Before you consider NAB, 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 NAB wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

More reading

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 Macquarie Group Limited and Westpac Banking Corporation. 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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Why has the Coles (ASX:COL) share price rallied 7% in a month?

Happy man on a supermarket trolley full of groceries with a woman standing beside him.Happy man on a supermarket trolley full of groceries with a woman standing beside him.Happy man on a supermarket trolley full of groceries with a woman standing beside him.

The S&P/ASX 200 Index (ASX: XJO) had a pretty lousy day of trading this Tuesday. The ASX 200 ended up down by 0.73% and closed at just under 7,100 points. But no one seems to have told the Coles Group Ltd (ASX: COL) share price.

Coles shares had a corker of a day. The grocery giant finished up a healthy 1.14% at $17.71 a share. But what’s more interesting is that Coles is now up more than 7% in roughly the past month. Yes, between February 18 and today, Coles has gone from $16.55 a share to $17.71.

So what’s happened with this company recently?

Well, unfortunately, it’s not entirely clear.

But we can rule out the impact from Coles’ half-year earnings report. Although the report delivered what you could describe as a mixed bag, Coles shares were lower during the first few weeks of March than they were before the report was delivered on 22 February. So it doesn’t look like that’s made much of a lasting impression.

Why are investors flocking to the Coles share price?

So let’s consider what might have been on investors’ minds since then. The past few weeks have seen a renewed focus on inflation, which has been exacerbated by the high fuel prices that have come our way over the past week or two.

It has also seen some investors look for stability in light of the tragic war in Europe, and the global tensions that has caused.

So how does this relate to Coles? Well, Coles is arguably one of the most inflation-proof shares out there. We all need food, drinks, and household essentials, which is Coles’ bread and butter (no pun intended).

Thus, it’s fairly safe to say that most consumers will reluctantly accept price increases for these products. Thus, Coles can effectively pass on any inflationary effects to its customers without fear of losing them. This also makes Coles a fairly ‘defensive’ company by conventional logic, which in turn gives it a reputation for stability.

Also, Coles happens to be a strong ASX dividend share, one that managed to increase its dividend over the difficult years of 2020 and 2021. It currently offers a dividend yield of 3.44%, which comes fully franked.

Thus, it’s possible it’s for these reasons Coles shares have enjoyed some buying pressure over the past month or so. We can’t say for sure. But Coles certainly has a lot of qualities that arguably make it an attractive option in a more uncertain world.

At the last Coles share price, this ASX 200 grocer has a market capitalisation of $23.65 billion.

The post Why has the Coles (ASX:COL) share price rallied 7% in a month? appeared first on The Motley Fool Australia.

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

Before you consider Coles, 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 Coles wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

More reading

Motley Fool contributor Sebastian Bowen 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 and has recommended COLESGROUP DEF SET. 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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