Day: March 27, 2022

Experts name 3 excellent ASX shares for growth investors to buy

share price gaining

share price gaining

Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the ones listed below.

Here’s what you need to know about these growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer behind a range of brands that have been resonating extremely well with consumers for many years. Together with its ongoing investment in research and development and its global expansion, this has helped drive solid sales and earnings growth over the last decade. The good news is that this is that Morgans expects this to continue in the future. The broker currently has an add rating and $32.00 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service provider connecting consumers with trusted tradies. At the last count, there were over 30,000 tradies using Hipages’ platform. This has been bolstered further with the recent acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies. Goldman Sachs is a big fan of Hipages. It currently has a buy rating and $3.60 price target on its shares.

ResMed Inc. (ASX: RMD)

A final growth share to look at is ResMed. It is a sleep treatment focused medical device company which has been tipped to continue its growth long into the future. This is thanks to its world class products, significant and growing market opportunity, and its increasingly important digital platform. The latter has seen ResMed develop a patient-centric, connected-care digital platform which is addressing the main pinch points across the healthcare value chain. Morgans is very positive on the company’s future. It has an add rating and $40.46 price target on its shares.

The post Experts name 3 excellent ASX shares for growth investors to buy appeared first on The Motley Fool Australia.

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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.

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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 Hipages Group Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns and has recommended Hipages Group Holdings Ltd. 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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2 ASX dividend with attractive yields that brokers rate as buys

blockletters spelling dividends bank yield

blockletters spelling dividends bank yield

If you’re wanting to boost your income with some dividend shares next week, then you might want to consider the two listed below.

Here’s what you need to know about these dividend shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.

Morgans is very positive on the retailer and has an add rating and $3.50 price target on its shares. It expects Adairs to bounce back strongly from a difficult period due to COVID-19 impacts.

It said: “In FY23, we expect Focus to have bedded down and to have started a strategy of improving store economics while expanding its footprint. We expect the NDC to be up and running and delivering efficiencies. We expect Mocka to be making its first steps towards an omni-channel strategy. These factors underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple. ADD.”

In respect to dividends, Morgans is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.80, this will mean yields of 6.8% and 9.3%, respectively, over the next couple of years.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share to look at is the HomeCo Daily Needs REIT. This property company invests in convenience-based assets across target sub-sectors of neighbourhood retail, large format retail, and health and services.

Unlike Adairs, HomeCo Daily Needs has been a strong performer so far in FY 2022. During the first half, it delivered a 38% increase in funds from operation (FFO) per share to 4 cents. This led to management upgrading its full year guidance.

Goldman Sachs was impressed and sees a lot of value in the HomeCo Daily Needs share price at the current level. It has a buy rating and $1.70 price target on its shares.

It commented: “We believe HDN is undervalued at its current valuation given its diversified tenant base, and see it as well positioned to benefit from the shift to omni channel retailing, with additional external growth opportunities to drive earnings growth over the medium-term.”

As for dividends, based on the current HomeCo Daily Needs share price of $1.49, Goldman is expecting dividend yields of 5.5% in FY 2022 and 6.1% in FY 2023.

The post 2 ASX dividend with attractive yields that brokers rate 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 ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. 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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Top brokers name 3 ASX shares to sell next week

Sell buy and hold on a digital screen with a man pointing at the sell square.

Sell buy and hold on a digital screen with a man pointing at the sell square.

Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Blackmores Limited (ASX: BKL)

According to a note out of Citi, its analysts have retained their sell rating and $73.16 price target on this health supplements company’s shares. Citi believes that rival Swisse’s focus on growing its share of the supermarket channel could be bad news for Blackmores and weigh on its sales growth. It also highlights that Swisse is making a significantly higher investment in sales and marketing activities. The Blackmores share price ended the week at $74.39.

Commonwealth Bank of Australia (ASX: CBA)

Another note out of Citi reveals that its analysts have retained their sell rating and $90.75 price target on this banking giant’s shares. Citi has been busy looking at the Australian banking sector and highlights that the big four banks have significantly outperformed global peers since Russia invaded Ukraine. Unfortunately, the broker isn’t convinced that this will continue given the lack of revenue growth on offer in the sector. In addition, the broker still sees CBA’s shares are overvalued at the current level. The CBA share price was fetching $105.92 on Friday.

Fortescue Metals Group Limited (ASX: FMG)

Analysts at UBS have retained their sell rating and $16.30 price target on this mining giant’s shares. According to the note, the broker has concerns that Fortescue and other Western Australian miners could be facing production disruption from increasing COVID-related absenteeism. In light of this, it sees scope for iron ore shipment guidance downgrades. The Fortescue share price was trading at $19.27 on Friday afternoon.

The post Top brokers name 3 ASX shares to sell next week 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 Blackmores 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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AMP (ASX: AMP) share price bounces higher, but don’t go rushing in yet

a man holds his hand under his chin as he concentrates on his laptop screen and makes a concerned face.a man holds his hand under his chin as he concentrates on his laptop screen and makes a concerned face.

The AMP Ltd (ASX: AMP) share price rose 2.14% higher on Friday to finish the week at 96 cents.

While there was nothing new out of AMP’s camp to explain the rise, investors have rallied behind ASX financials shares over the past few weeks.

Let’s take a look at what’s been happening with the financial services company’s shares.

What’s up with the AMP share price?

Momentum has been building in the financials sector all week with the S&P/ASX 200 Financials index (XFJ) spiking around 1% in that time. It has climbed 6% in the past month.

That momentum appeared to spill over into AMP on Friday, with shares trading on a daily volume roughly 69% of its four-week average.

However, unlike the broader index, AMP shares haven’t raced back north with authority. Instead, prices have gyrated back and forth over the past three months, trading in a range of around $1.05 to 87 cents on average, according to Bloomberg data.

The trend continued until Friday; shares trading in a sideways channel, without much price action either way, as seen below.

TradingView Chart

The firm’s full-year result certainly wasn’t enough to keep investors on board either, as the board decided to withhold paying a dividend.

And while shares are still rangebound, zooming out, they are in the red on basically all major time frames.

For instance, during the past 12 months, the AMP share price has fallen 28%, and is down more than 5% this year to date.

Add in the fact AMP has lost 86% of its value in the past five years. That means it must gain 400% in order to return to its 2018 highs.

TradingView Chart

The post AMP (ASX: AMP) share price bounces higher, but don’t go rushing in yet appeared first on The Motley Fool Australia.

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

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

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Motley Fool contributor Zach Bristow 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.

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