Are you interested in adding some more ASX shares to your portfolio when the market reopens?

Three ASX growth shares that could be worth considering are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to look at is Altium. It is an award-winning printed circuit board (PCB) design software provider. Thanks to its leadership position in a market growing rapidly, management has set itself some bold growth targets over the coming years. This includes more than doubling its revenue to US$500 million by 2026.

Bell Potter appears confident it will get there. As such, it has put a buy rating and $41.25 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. Aristocrat has emerged from the pandemic in an arguably stronger position than when it entered it. This is demonstrated by its continued market share gains since the reopening. Another positive is that its digital business, now called Pixel United, continues to grow strongly and generate significant recurring revenues. Combined with its share buyback and potential expansion into the real money gaming market, this bodes well for its earnings per share growth in the coming years.

Morgans is a fan of the company. It has an add rating and $43.00 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

A final ASX growth share to look at is enterprise software provider TechnologyOne. It is currently transitioning to become a software-as-a-service (SaaS) focused business. Pleasingly, management has a lot of confidence in the transition. So much so, it is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

The team at Goldman Sachs is very positive on Technology One and have been pleased with its transition. The broker currently has a buy rating and $13.30 price target on its shares. Goldman believes the risks are to the upside for TechnologyOne’s ARR target.

The post Experts name 3 ASX growth shares to buy next week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Is it safe to buy ASX shares right now?
• 2 beaten down ASX tech shares that analysts rate as buys
• 3 fantastic ASX shares that analysts reckon have huge upside potential
• Why is Audinate outperforming other ASX tech shares today?
• Broker says Aristocrat share price is great value with 27% upside

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 Altium. The Motley Fool Australia has recommended TechnologyOne Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/x9jvIHi

ASX 200 energy shares have been the best performing basket on the ASX this year to date, securing an aggregate 40% gain since trading resumed in January.

The S&P/ASX 200 Energy Index (ASX: XEJ), the benchmark of the sector, has climbed another 8% in the last month of trading as well.

The question now becomes if shares within the basket have the legs to run even higher.

Can ASX 200 energy shares continue their ascent?

Providing a bullish underweight to the case is the current breakout in the price of oil. Brent Crude, the world’s benchmark for oil pricing, has broken out to new highs in recent weeks and now trades at US$122 per barrel.

Meanwhile, US natural gas futures have surged more than 173% year on year to US$8.99/MMbtu.

In fact, checking a list of energy-based commodities on Trading Economics, it’s an all green affair for all energy markets on a yearly basis.

JP Morgan’s Annual Energy Paper 2022 also submits that energy players are set to continue realising upside into the coming periods, based on a myriad of factors.

“[G]lobal gas and coal consumption in 2021 were already above pre-COVID levels, and global oil
consumption should surpass pre-COVID levels sometime next year,” it wrote.

“Looking further out, some forecasts of oil demand in 2030 and 2040 are not that different from today.

“With energy demand still in excess of supply, [we] believe the MSCI Global Energy Composite will outperform both renewable energy stocks and the broad equity market again over the next year.”

Coal is also set to remain top-heavy, the energy paper says, reminding us that “coal is still widely relied upon in many developing countries, and also Japan”.

This language appears to provide a robust case for ASX-listed energy giants such as Santos Ltd (ASX: STO), Beach Energy Ltd (ASX: BPT) and Whitehaven Coal Ltd (ASX: WHC).

Each are up a respective 12.5%, 48% and 104% this year at the close on Friday. These returns are plotted on the chart below. Each instrument has tracked the other closely during that time.

As to what’s next for the sector, the market – and likely, geopolitics – will ultimately decide.

The post ASX 200 energy shares are up 40% so far this year. Can they run further? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Friday
• What’s driving the Beach Energy share price to a new 52-week high today?
• Why did the Santos share price smash a 2-year high on Thursday?
• ASX coal shares have been soaring lately. Here’s why
• ASX 200 midday update: Magellan rebounds, Crown’s takeover boost

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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/7nN4oJV

If you’re an income investor, then the Commonwealth Bank of Australia (ASX: CBA) dividend has probably caught your eye over the years.

And with Australia’s largest bank’s shares recently taking an almighty tumble, it may once again be catching eyes.

In light of the recent weakness in the banking sector, let’s take a look to see what analysts are expecting from the CBA dividend in the coming years.

What are analysts forecasting for the CBA dividend in the next few years?

According to a note out of Goldman Sachs, its analysts are expecting the CBA dividend to provide investors with attractive yields through to FY 2024.

In FY 2021, the banking giant rewarded its shareholders with a fully franked $3.50 per share dividend.

Goldman expects this to be increased to $3.75 per share in FY 2022. Based on the current CBA share price of $93.78, this will mean a fully franked 4% yield for investors.

The broker is then forecasting a 20 cents per share increase to $3.95 per share in FY 2023. This equates to a 4.2% yield at today’s share price.

Finally, in FY 2024, Goldman is expecting an even bigger jump from the CBA dividend to a fully franked $4.33 per share. This represents an attractive 4.6% dividend yield for investors.

Is the CBA share price good value?

Unfortunately, the team at Goldman Sachs believe the CBA share price is still overvalued despite its recent pullback.

According to the note, the broker currently has a sell rating and $89.86 price target on its shares. This implies potential downside of 4.2% for its shares over the next 12 months.

Goldman sees more value on offer with other bank shares.

The post Here’s the CBA dividend forecast through to 2024 appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• ASX 200 has its worst week in two years
• Why are ASX 200 bank shares rebounding on Friday?
• The CBA share price has sunk a brutal 10% so far this week. What gives?
• What exactly is going on with ASX 200 bank shares and the RBA rate rise?
• Why has the CBA share price cratered 4% today?

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.

from The Motley Fool Australia https://ift.tt/6lNw8uP

Cryptos haven’t had the best of years so far.

Last month alone, the total market cap of the global crypto market fell 28%.

Hammered by rising interest rates, few tokens have been spared from the sharp sell-off over the past seven months.

Bitcoin (CRYPTO: BTC), the world’s original digital token and still the biggest by market cap, has lost 37% of its value this year. On Friday afternoon it was trading for US$30,108 (AU$42,372). The 2022 losses now put the Bitcoin price down 56% from its 10 November all-time high of US$68,790.

The Ethereum (CRYPTO: ETH) price has fared even worse. The world’s second-biggest token, which runs the biggest blockchain, is down 52% this calendar year. At Friday’s price of US$1,792, Ethereum has lost 63% since hitting its own record high of US$4,892 on 16 November.

Similar or even larger losses have impacted the majority of top cryptos.

Cryptos up with the easy money, down with the tightening

Commenting on the struggles facing the digital asset sector over the past seven months, Kara Murphy, CIO of Kestra Holdings, said (quoted by Bloomberg):

It feels very much to me like crypto is also subject to a lot of the monetary cycle that’s been hitting the more traditional asset classes. Looking at the rapid increase in crypto prices, it seems clear that they really benefited from easy-money policies, and now that the money is coming out of the system, that’s a good part of the reason why crypto is declining more recently.

Taking Bitcoin as our proxy for the broader crypto market, investors who bought the token prior to November 2020 will still be sitting on comfortable gains. In October 2020, Bitcoin was still trading for US$10,200.

The same can’t be said for the majority of investors who bought Bitcoin or most altcoins in January 2021 or beyond.

With losses racking up, could we be about to see a wave of selling?

Institutional investors may be the weak hand

According to digital asset broker Bequant, only 51% of anonymous Bitcoin addresses are in the green. That means almost half bought their Bitcoin at prices higher than they can sell them for today.

Now we’re unlikely to see a wave of selling from those crypto investors who bought at far cheaper prices a few years ago, said Wilfred Daye, chief executive officer of Securitize Capital.

But we may be looking at a scenario where it’s the institutional investors who could be the first to cut and run.

According to Daye (quoted by Bloomberg):

There may be capitulation because larger institutional players, guys who got in during the current cycle, they’re at risk of selling their assets and liquidating their assets. This particular cycle that started late 2020, you had a lot of institutional folks getting in at a higher price, so I think it’s more institutional capitulation.

We’re already seeing a surge in Bitcoin miners moving their holdings to public exchanges, where they could be sold.

As the Motley Fool reported on Monday, Bitcoin miners, under pressure from rising costs and falling prices, transferred US$6.3 billion in Bitcoin to exchanges in May.

Of course, this doesn’t mean a wave of institutional crypto selling is imminent. In the fast-moving world of digital assets, any number of factors could turn sentiment around.

The post Could cryptos be facing an upcoming wave of institutional selling? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• What crypto winter? It’s always sunny with Solana
• Is Bitcoin still worth buying to diversify your ASX share portfolio?
• ‘No crazy bug’: Here’s the latest on the Ethereum merge
• How has the ASX-listed Betashares CRYP ETF been performing?
• ‘Wherever there’s smoke there’s probably crypto,’ warns Dogecoin founder

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/NJIHuUc