If you’re planning to invest in the market following recent volatility, then the two blue chips listed below could be worth considering.

Both of these ASX 200 blue chip shares have recently been rated as buys by analysts at Morgans. Here’s what the broker is saying:

QBE Insurance Group Ltd (ASX: QBE)

Morgans is positive on this insurance giant’s shares and believes they are trading at a very attractive level at present. Particularly given its improved outlook from premium increases and cost cutting plans. The broker commented:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~14x FY22F PE.

The broker has an add rating and $14.45 price target on the company’s shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another blue chip ASX 200 share that Morgans is bullish on is Treasury Wine Estates. It is the wine giant behind brands including 19 Crimes, Beringer, Penfolds, and Wolf Blass.

Morgans is a fan of the company due to its strong brands, attractive valuation, and positive outlook. The broker explained:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The company recently reported an impressive 1H22 result despite facing several material headwinds. The foundations are now in place for TWE to deliver strong double-digit growth from 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Its analysts have put an add rating and $13.93 price target on the company’s shares.

The post 2 blue chip ASX 200 shares Morgans rates as buys appeared first on The Motley Fool Australia.

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More reading

• Despite recent volatility, brokers are bullish on the Treasury Wine share price
• 2 ASX 200 financials shares named as buys
• Is it time to buy A2 Milk and Treasury Wines for better China relations?
• The Treasury Wine share price has leapt 6% in 3 weeks. Why this top broker is tipping more gains
• Top broker names 2 of the best ASX shares to buy in June

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 Treasury Wine Estates 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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While the pain at the small side of the market may not be over just yet, when it is, there are likely to be some major bargains for investors.

For example, two small cap ASX shares that have been rated as buys with major upside potential are listed below. Here’s what you need to know about them:

Catapult Group International Ltd (ASX: CAT)

The first small cap to look at is Catapult. It is a global sports technology company that provides elite sporting organisations with real time data and analytics to monitor and measure athletes.

It was a strong performer in FY 2022. Catapult’s recently released full-year results revealed a 54% increase in revenue to US$77 million and a 19.7% lift in annual contract value (ACV) to US$63.9 million. The latter was supported by a ridiculously low ACV churn rate of 3.4%.

Pleasingly, more of the same is expected in FY 2023. Management is guiding to ACV growth of between 20% to 25% with ACV churn in the range of 4.5% to 6%.

The team at Jefferies currently has a buy rating and $2.00 price target on the company’s shares. This is more than double the current Catapult share price.

Nitro Software Ltd (ASX: NTO)

Another small cap ASX share that is rated as a buy is Nitro. It is a technology company that develops document and workflow productivity software for SME and enterprise customers. Nitro’s products include PDF editing, simple e-signature solutions, and enterprise grade e-signature and digital ID solutions.

It has been growing its annual recurring revenue (ARR) at a strong rate in recent years and is expected to continue this trend in FY 2022. Management recently noted that its strong first quarter performance puts it on track to achieve its FY 2022 ARR guidance of $64 million to $68 million. This represents a 39% to 47% increase on FY 2021’s ARR.

Goldman Sachs is very positive on the company and believes it has a huge market opportunity to grow into. The broker currently has a buy rating and $2.35 price target on the company’s shares. Based on the current Nitro share price of $1.27, this suggests 85% upside for investors.

The post Brokers name 2 exciting small cap ASX shares to buy with 80%+ upside appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs rates these ASX shares as buys
• Experts name 2 top ASX growth shares to buy in June
• Why Appen, Catapult, CSR, and Select Harvests shares are dropping
• Why Catapult, Costa, Endeavour, and Whitehaven Coal shares are dropping
• Why is the Nitro Software share price leaping 8% 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 positions in and has recommended Catapult Group International Ltd. The Motley Fool Australia has positions in and has recommended Catapult Group International Ltd. The Motley Fool Australia has recommended Nitro Software 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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The S&P/ASX 200 Index (ASX: XJO) finished slightly in the red today, but these two ASX mining shares had a better day.

Renascor Resources Ltd (ASX: RNU) and Resolute Mining Ltd (ASX: RSG) both soared more than 10% on drilling news today.

Let’s take a look at why these ASX explorers had a good day.

Renascor Resources

The Renascor Resources share price surged 14.29% today. The company reported more results from the Siviour Graphite Deposit in South Australia where high-grade graphite at the site.

On the back of these results, the company sees potential to improve and accelerate the mining schedule. Siviour noted that the graphite market continues to be strong, with prices for the mineral surging 42% in the past 12 months.

Managing director David Christensen said:

These results continue to confirm that Siviour is a tier one graphite orebody and, given
its favourable deposit geometry and location in South Australia, presents Renascor with
an opportunity to become a globally significant low-cost producer of high-value Purified
Spherical Graphite for use in Electric Vehicles.

Resolute Mining

Resolute Mining shares soared more than 10% on the market today. The company reported significant oxide and sulphide gold mineralisation at the Syama North project in West Africa.

Resolute described this result as “some of the best gold intersections ever recorded from the Syama North area”. Gold intersections included 27 metres at 6.62 grams per tonne (g/t) from 45 metres at drill hole QVRC533 and 26m at 7.8 g/t from 180m.

CEO Terry Holohan said: “I am very pleased with the progress over the last twelve months within both the exploration and operations teams”.

The post 2 ASX mining shares that surged on drilling news today appeared first on The Motley Fool Australia.

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More reading

• What Adore Beauty, Bubs, Eagers Automotive, and Renascor shares are storming higher
• 3 ASX All Ordinaries mining shares having a terrific Tuesday

Motley Fool contributor Monica O’Shea 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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After a strong start to the year, recent market volatility has been weighing on the AMP Ltd (ASX: AMP) share price.

This means that the financial services company’s shares have now dropped into the red in 2022.

Is this a buying opportunity?

While this weakness in the AMP share price is disappointing, insiders at the company appear to see it as a buying opportunity.

A number of AMP’s directors have been buying shares on-market in recent weeks. This includes the company’s chair, Debra Hazelton, who picked up 89,687 shares at the end of May for an average of $1.115 per share. This equates to a total consideration of $100,000.

But that wasn’t the largest purchase. Another change of director’s interest notice reveals that independent non-executive director Mike Hirst bought 100,000 shares through a couple of on-market trades at the start of June.

Hirst paid a total of $109,700 for the parcel of shares, which equates to an average of $1.097 per share.

Rounding things out, fellow independent non-executive directors Kate McKenzie and Michael Sammells both snapped up 50,000 shares via on-market trades recently for an average of approximately $1.10 per share.

So, with the AMP share price currently fetching 98 cents, investors are able to purchase shares at a discount of approximately 11% to what most of these directors paid.

Is the AMP share price good value?

Although Citi only has a (high risk) neutral rating, the broker appears to see value in the AMP share price with its price target of $1.20.

However, it feels that it may be a little soon to push the buy button. Citi commented:

“AMP’s earnings outlook is becoming easier to assess but there is still a lot of transition happening and several moving parts making it still quite hard. [..] To us, it still seems a little early for AMP with meaningful earnings improvement unlikely until FY23E.”

The post Guess how much insiders have been spending on AMP shares? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Monday
• Down 5% in a month, is the AMP share price a buying opportunity?
• This is when the pain will end: expert
• Why these 2 ASX 200 shares are undervalued opportunities: WAM
• ‘The stock can double’: Expert names 2 ASX shares market hasn’t woken up to

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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