Day: September 4, 2022

Broker names 2 excellent ASX growth shares to buy right now

a happy investor with a wide smile points to a graph that shows an upward trending share price

a happy investor with a wide smile points to a graph that shows an upward trending share price

Looking for some new additions to your portfolio after earnings season? Listed below are two ASX growth shares that have recently been given buy ratings by Goldman Sachs.

Here’s why its analysts rate them highly right now:

Breville Group Ltd (ASX: BRG)

The first ASX growth share that is highly rated by Goldman Sachs following earnings season is Breville.

It is the leading appliance manufacturer behind brands such as Breville, Sage, Kambrook, and Baratza.

As many readers will be aware, these appliances are found in countless kitchens across Australia. And thanks to the company’s ongoing and highly successful international expansion, you may have noticed them popping up in kitchens across Europe if you were holidaying abroad this winter.

Goldman Sachs is very positive on the company. It highlights that Breville is exposed to some powerful trends and its strong brands are well-placed to benefit from them.

Goldman has a buy rating and $24.70 price target on the company’s shares.

ResMed Inc. (ASX: RMD)

Another ASX growth share that Goldman is tipping as a buy is ResMed.

It is a medical device company with a focus on sleep treatment and respiratory products that treat disorders including sleep apnoea and chronic obstructive pulmonary disease (COPD).

These are significant and growing markets to target. For example, the company highlights that upwards of 1 in 5 people are believed to suffer from sleep apnoea, with the vast majority currently undiagnosed. This bodes well for ResMed’s future growth, especially given its industry-leading products, high level of research and development, and wide distribution network.

Goldman Sachs currently has a buy rating and $36.80 price target on its shares.

The post Broker names 2 excellent ASX growth shares to buy right now 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

See The 5 Stocks
*Returns as of August 4 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. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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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Here are 2 ASX dividend shares that experts rate as buys

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

Are you looking for dividend shares to buy? If you are, it could be worth checking out the two listed below.

Here’s why they are rated as buys right now:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that could be a buy is Adairs. It is the leading furniture and homewares retailer behind the Focus on Furniture, Mocka, and eponymous Adairs brands.

It’s fair to say that FY 2022 was a year to forget for the company. It reported a sharp decline in profits due to significant COVID related disruptions across its operations.

But the worst appears to be behind the company now. It revealed that sales were up almost 45% during the first seven weeks of FY 2023. In light of this, management is guiding to earnings in the range of largely flat to up 11% for the full year.

The team at Jarden remain positive enough to put an overweight rating and $3.28 price target on the company’s shares.

As for dividends, the broker is forecasting fully franked dividends per share of 18 cents per share in FY 2023 and 22 cents per share in FY 2024. Based on the current Adairs share price of $2.23, this will mean yields of 8% and 9.9%, respectively.

Mineral Resources Limited (ASX: MIN)

Another ASX dividend share to look at is mining and mining services company Mineral Resources. It could be a decent option for income investors that aren’t averse to investing in the resources sector.

This is because Mineral Resources has a growing exposure to lithium, which is helping to offset its struggling iron ore business.

It is because of its lithium operations that Goldman Sachs is very positive on the company. In fact, the broker is forecasting the more than doubling of group EBITDA to over $2.3 billion in FY 2023 thanks largely to these operations.

Goldman has a buy rating and $69.50 price target on its shares, which implies meaningful upside over the next 12 months.

In addition, the broker has pencilled in fully franked dividends of 192 cents per share in FY 2023 and then 107 cents per share in FY 2024. Based on the latest Mineral Resources share price of $58.71, this will mean yields of 3.3% and 1.8%, respectively.

And while the latter yield may not be exciting, patient investors should be rewarded. Goldman expects growth thereafter and a 5%+ yield by FY 2027.

The post Here are 2 ASX dividend shares that experts 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

See The 5 Stocks
*Returns as of August 4 2022

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Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Westpac Banking Corporation. 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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Here are 2 ASX 200 shares that experts rate as buys

A man leans back with his hands behind his head and feet on his desk with a big smile on his face at his success.

A man leans back with his hands behind his head and feet on his desk with a big smile on his face at his success.

If you are looking to bolster your portfolio with some ASX 200 shares, you may want to look at the two listed below.

Here’s why these ASX 200 shares are highly rated by experts right now:

REA Group Limited (ASX: REA)

The first ASX 200 share to look at is property listings company REA Group. It is best-known for the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits to its website. This is over 3 times greater than its nearest competitor, which highlights just how powerful it has become over the last decade.

It is thanks to this dominant market position, together with new acquisitions and revenue streams, that REA Group has been tipped to grow strongly in the coming years.

Morgans, for example, is very positive on the company’s outlook. As a result, the broker has an add rating and $143.00 price target on its shares. This compares favourably to the latest REA share price of $123.77.

SEEK Limited (ASX: SEK)

Another ASX 200 share that experts rate highly is Seek. It is of course the ANZ region’s leading job listings company.

It bounced back strongly from the pandemic and delivered a huge increase in revenue and net profit after tax in FY 2022. Seek reported a 47% increase in revenue to $1.16 billion and an 81% jump in net profit after tax to $245.5 million.

This was driven by very strong ad volumes, with records broken in March, and an 11% increase in ad yields. The latter reflects higher prices, a favourable customer mix, and increased depth adoption.

This went down well with UBS, which responded by upgrading Seek’s shares to a buy rating with a $27.80 price target. This implies material upside based on the current Seek share price $20.59.

The post Here are 2 ASX 200 shares that experts 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

See The 5 Stocks
*Returns as of August 4 2022

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Motley Fool contributor James Mickleboro has positions in SEEK Limited. 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 Bapcor, REA Group Limited, and SEEK 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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3 fantastic ETFs for ASX investors to buy in September

3 asx shares represented by investor holding up 3 fingers

3 asx shares represented by investor holding up 3 fingers

If you’re looking for exchange traded funds (ETFs) to buy in September, then you might want to look at the three listed below.

Here’s what you need to know about these popular ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The Asian tech sector has been hammered over the last 12 months. As a result, the BetaShares Asia Technology Tigers ETF has taken a tumble as well. That’s because this ETF tracks the performance of the largest technology companies in Asia (excluding Japan). While this decline is disappointing, it could have created a buying opportunity for long term focused investors due to the quality on offer in the sector and its huge addressable market. Among the tigers you’ll be owning are Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF that has been hammered is the BetaShares Crypto Innovators ETF. This could make it a good option for those that still believe that cryptocurrencies are the future. That’s because this ETF is designed to capture the full breadth of the crypto ecosystem, by providing exposure to pure-play crypto companies, those whose balance sheets are held at least 75% in crypto-assets, and diversified companies with crypto-focused business operations. Among its holdings you’ll find Coinbase, PayPal, Riot Blockchain, Robinhood, Silvergate, and Block.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF to look at in September is the Vanguard MSCI Index International Shares ETF. If you’re looking for a quick way to diversify your portfolio, then this one could be the answer. This extremely popular ETF provides investors with access to around 1,500 of the world’s largest listed companies. This provides significant diversity and also allows investors to take part in the long term growth potential of international economies. Among the shares that you’ll be owning are giants including Amazon, Apple, Nestle, Nvidia, Procter & Gamble, Tesla, and Visa.

The post 3 fantastic ETFs for ASX investors to buy in September 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

See The 5 Stocks
*Returns as of August 4 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. has positions in and has recommended Betashares Crypto Innovators ETF and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and Vanguard MSCI Index International Shares ETF. 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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