If you’re interested in adding some S&P/ASX 200 Index (ASX: XJO) shares to your portfolio, then the two listed below could be top options.

These ASX 200 shares have been named as buys with material upside potential. Here’s what you need to know about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX 200 share to look at is Aristocrat Leisure. It is a leading global gaming content and technology company and top-tier mobile games publisher.

Aristocrat has been growing at a strong rate over the last decade and looks well-placed for more of the same over the 2020s. This is thanks to its strong market position, the growing popularity of its games, and its real money gaming opportunity.

Morgans is a fan of the company. It has an add rating and $48.00 price target on its shares. The broker is forecasting strong top and bottom line growth over the coming years.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share that has been rated as a buy is enterprise software provider TechnologyOne.

It is currently transforming from a traditional software company to a software-as-a-service (SaaS) focused business and with great success.

During the first half of FY 2022, the TechnologyOne Global SaaS ERP solution continued to grow rapidly, with SaaS annual recurring revenue (ARR) rising 43% to $192.3 million. Importantly, this growth was all organic and includes no acquisitions.

But it won’t be stopping there. Management is aiming to grow its high margin ARR to $500 million by FY 2026 and appears confident it will get there. As are analysts at Goldman Sachs, which believe the risks are to the upside for TechnologyOne’s ARR target.

It is partly for this reason that the broker recently initiated coverage on the company’s shares with a buy rating and $14.00 price target.

The post 2 ASX 200 shares that analysts say are buys appeared first on The Motley Fool Australia.

More reading

• Aristocrat share price higher on bullish broker note
• Analysts name 2 ASX growth shares to buy with 30%+ upside
• Analysts name 2 ASX growth shares to buy now
• Analysts name 3 ASX 200 shares to buy now
• Goldman Sachs has just slapped buy ratings on these ASX tech shares

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 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 Scott Phillips.

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

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

IDP Education Ltd (ASX: IEL)

The first ASX growth share to look at is this leading provider of international student placement services and English language testing services. After a difficult couple of years, IDP has returned to form in FY 2022 with a 70% jump in first half net profit after tax to $52.9 million. Pleasingly, since then, trading conditions have continued to improve, setting IDP up for an equally strong second half. Looking further ahead, IDP appears well-placed to benefit from long-term structural growth in international student volumes and IELTS testing. Particularly given its major acquisition in India last year.

Goldman commented: “We forecast 68% 3yr EPS CAGR (FY21-FY24E). The stock looks relatively attractive as it’s currently trading at a 12-mth fwd PE premium of 144% vs the ASX200 Industrials, which is below its historical average of 170%.”

The broker currently has a buy rating and $35.50 price target on its shares.

Webjet Limited (ASX: WEB)

Another growth share that Goldman Sachs rates highly is online travel agent, Webjet. As with IDP Education, it has had a very tough couple of years because of the pandemic. However, Goldman Sachs expects Webjet to come out the other side in a stronger position.

The broker said: “WEB (Buy) remains our preferred call in this space due to the stronger outlook for the Bedbanks business in the longer term, favorable exposure to the growing online channel and the strong balance sheet offering the opportunity to explore bolt-on acquisitions as well as weather interim volatilities driven by COVID-19.”

Goldman currently has a buy rating and $6.90 price target on Webjet’s shares.

The post 2 top ASX growth shares Goldman Sachs rates as buys appeared first on The Motley Fool Australia.

More reading

• Is the Webjet share price now a buy amid ‘strong’ travel demand?
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• Why is the Webjet share price beating the ASX 200 today?
• These are the 10 most shorted ASX shares
• Why is the Webjet share price flying higher on Friday?

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 positions in and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Today, the S&P/ASX 200 Index (ASX: XJO) broke a three-day losing streak following renewed optimism in markets on the back of the Federal Reserve’s rate decision last night. At the end of the session, the benchmark index finished 0.82% higher at 7,364.7 points.

In a refreshing change of scenery, there was almost not a single sector in the red across Aussie markets on Thursday. Unfortunately, the financial sector skimmed below breakeven after disappointing news was delivered by Australia and New Zealand Banking Group Ltd (ASX: ANZ) and National Australia Bank Ltd (ASX: NAB).

On the flip side, tech and energy shares shined the brightest today amid a slightly rosier outlook.

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, Core Lithium Ltd (ASX: CXO) was the biggest gainer today. Shares in the lithium exploration company surged 8.75% following impressive results from US lithium products business Livent last night. Find out more about Core Lithium here.

The next best performing ASX share across the market today was Liontown Resources Ltd (ASX: LTR). Yes, that’s right — yet another ASX-listed lithium share making the podium on Thursday. Uncover the latest Liontown Resources details here.

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

ASX-listed company	Share price	Price change
Core Lithium Ltd (ASX: CXO)	$1.305	8.75%
Liontown Resources Ltd (ASX: LTR)	$1.465	7.72%
Pilbara Minerals Ltd (ASX: PLS)	$2.83	7.61%
Yancoal Australia Ltd (ASX: YAL)	$5.66	7.40%
Novonix Ltd (ASX: NVX)	$5.00	7.07%
Paladin Energy Ltd (ASX: PDN)	$0.825	6.45%
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.30	6.17%
Lake Resources NL (ASX: LKE)	$1.77	5.69%
Amcor Plc (ASX: AMC)	$17.69	5.68%
Home Consortium Ltd (ASX: HMC)	$6.53	5.49%

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.

More reading

• 3 ASX 200 mining shares that surged more than 5% today
• Top brokers name 3 ASX shares to buy today
• Here’s why ASX lithium stocks are rocketing higher today
• Core Lithium share price is surging 7% on Thursday. What’s going on?
• These 3 ASX 200 shares are topping the share market’s volume charts on Thursday

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. has positions in and has recommended Reliance Worldwide Corporation Limited. The Motley Fool Australia has positions in and has recommended Amcor Limited. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It might seem old hat already, but no doubt the biggest piece of investing news (or just news) out this week was the decision by the Reserve Bank of Australia (RBA) to increase Australia’s interest rates for the first time in 11 years. Naturally, much of the coverage of this decision has focused on the impacts higher rates will have on homeowners. As well as the broader property market. But higher rates have big implications for ASX shares too.

Tuesday’s announcement took the cash rate from the record low of 0.1% to 0.35%. But even so, the RBA has made it clear that we should all expect more rate rises over the rest of the year. So let’s check out how higher rates could make for some ASX winners and losers.

RBA raises cash rate for the first time in 11 years

So the first thing to keep in mind is that higher interest rates mean higher repayments on most loans (not just mortgages). So right off the bat, we can say that any company with a large debt load is potentially in the firing line here.

That view is backed up by our own chief investment officer Scott Phillips. Here’s some of what Mr Phillips told news.com.au this week:

The companies who stand to lose the most are obviously those with a lot of debt whose interest bills will rise (probably meaningfully), hurting margins, profitability and therefore share prices. In a worst-case scenario, some might even collapse under the weight of suddenly more expensive debt.

But it’s not just those companies with large debts that could be in strife under a higher-rate world. Phillips added the following:

Second, companies with little-to-no pricing power will also find themselves in a challenging environment… Third, if interest rates do bite, discretionary economic activity will likely be somewhat curtailed and businesses falling into this category will likely see less demand – although this will vary dramatically depending on the nature of the business.

Something to keep in mind when looking at how your own portfolio might fare under higher interest rates. But what of the winning ASX shares?

Which ASX shares will win from higher rates?

Phillips identified one popular sector as a potential winner: ASX banks. He told the report that “banks might do well if they can use higher rates to fatten their margins”. He also said that “insurers who invest their premiums in cash and bonds will get a higher return on that money” when interest rates rise.

This was backed up by AMP Ltd (ASX: AMP) chief economist Shane Oliver. Mr Oliver told the report the following:

On the whole, banks are also going to feel positive effects from the change — provided all their customers aren’t financially ruined… It’s more positive than negative for banks, if people default on their loans then it’s bad, it could become a negative if there’s lots of defaults. But the RBA is not going to raise interest rates to a point of collapse [for people].

The post Running against rates! Which ASX shares could be the winners and losers? appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 mining shares that surged more than 5% today
• Why these brokers think ARB shares are still a buy after their big crash
• 3 ASX 300 shares rocking new 52-week highs on Thursday
• Vulcan share price pops 5% on future lithium expectations
• Top brokers name 3 ASX shares to buy today

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 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 Scott Phillips.

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