Are you wanting to add some ASX growth shares to your portfolio following the market selloff?

If you are, then it could be worth considering the two shares that are listed below. Both have recently been named as buys by analysts and tipped to generate strong returns for investors. Here’s what you need to know about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that could be worth considering following the market selloff is Aristocrat Leisure.

It is one of the world’s leading gaming technology companies with a portfolio of in-demand poker machines and a lucrative digital business named Pixel United. The latter is generating significant recurring revenues thanks to its millions of daily active users.

Analysts at Morgans are very positive on the company and recently named it on their best ideas list. Morgans has an add rating and $43.00 price target on its shares, which implies potential upside of 26% for investors. The broker commented:

ALL is a global market leader in the rapidly growing land-based gaming and mobile gaming industries. It has delivered revenue growth of 17% pa over the past five years and 80% of revenue in FY21 was recurring. We expect ALL to continue to take market share in all its product segments. Demand for its gaming machines and digital games is resilient to economic cycles.

TechnologyOne Ltd (ASX: TNE)

Another ASX growth share for investors to look at following the selloff is enterprise software provider TechnologyOne.

It provides its high quality and sticky software to a range of customers. This includes those in the government, local government, financial services, health & community services, education, and utilities and managed services markets.

Analysts at Bell Potter are positive on TechnologyOne. They currently have a buy rating and $14.25 price target on the company’s shares, which implies potential upside of 22% for investors.

Bell Potter has been pleased with the company’s ongoing transition to become a software-as-a-service (SaaS) focused business and suspects that it could outperform its growth targets. The broker said:

Technology One has had an annual growth target of 10-15% growth in NPAT for a decade but we believe there is potential for the company to lift this annual target to 15-20% at some stage in the next few years.

The post Are these ASX growth shares buys after the market selloff? appeared first on The Motley Fool Australia.

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More reading

• Why I reckon the market has it totally wrong about this ASX tech share in 2022
• Analysts name 3 ASX growth shares to buy next week
• Top brokers name 3 ASX shares to buy today
• 2 discounted ASX shares I’d buy now and one I wouldn’t touch: expert
• Morgans names 3 of the best ASX shares to buy in September

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 TechnologyOne 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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If you’re looking to boost your income portfolio this week, then you may want to look at the shares listed below.

Here’s why these ASX dividend shares have been tipped as buys:

Dexus Industria REIT (ASX: DXI)

The first ASX dividend share that could be in the buy zone is Dexus Industria.

It is an industrial and office focused property company that was formerly known as APN Industria. Dexus Industria owns interests in office and industrial properties across the country that provide functional and affordable workspaces for businesses.

Morgans is a fan of the company. It recently commented:

Its analysts currently have an add rating and $3.25 price target on the company’s shares.

They are also forecasting attractive dividends per share of 17.3 cents in FY 2023 and 16.4 cents in FY 2024. Based on the current Dexus Industria share price of $2.70, this will mean yields of 6.4% and 6.1%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that has been named as a buy is the Healthco Healthcare and Wellness REIT.

It is a real estate investment trust with a focus on hospitals, aged care, childcare, life sciences, and primary care properties.

Goldman Sachs is very positive on the company and recently named it as one of its top picks in the sector. The broker commented:

[T]he REIT remains one of our top picks in the sector given 1) its net cash position with over $450mn of liquidity, providing flexibility for near term opportunities, 2) its diversified mix of strong tenant covenants in sub-sectors that are majority government-backed across the care spectrum, mitigating potential tenant credit risks, 3) Healthcare and childcare assets valuations have remained resilient, 4) the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities, and 5) inexpensive valuation.

Its analysts have a conviction buy rating and $2.14 price target on its shares.

In respect to dividends, Goldman expects dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.65 this will mean yields of 4.5% for investors.

The post Here are 2 ASX dividend shares experts say are buys appeared first on The Motley Fool Australia.

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More reading

• Brokers name 2 ASX dividend shares to buy this month
• Brokers name 2 ASX dividend shares to buy

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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The S&P/ASX 200 Materials Index (ASX: XMJ) finished 0.37% in the red today, but one ASX mining share certainly bucked the trend.

The Caspin Resources Ltd (ASX: CPN) share price soared 46% today to 95 cents during afternoon trade before finishing at a closing price of 89 cents. That’s 37% higher than yesterday’s close.

So why did this ASX mining share have such a good day?

New discovery

Caspin Resources advised of a major rhodium find at the company’s Yarawindah Brook Project in Western Australia.

Multiple drill holes showed significant rhodium mineralisation at the new Serradella discovery and the Central Yarabrook Prospect.

Highlights include:

• 17m at 2.33 grams per tonne (g/t) 4E (palladium, platinum, rhodium and gold), 0.17% nickel from 131m including:
• 3m at 4.60g/t platinum, 0.87g/t palladium, 0.56g/t rhodium, 0.01g/t gold, 0.17% nickel from 144m

Caspin said the rhodium mineralisation adds more value to the Serradella discovery.

Commenting on the news, chief executive officer Greg Miles said:

When we discovered rhodium in our initial discovery hole, YARC0022, we commenced a large re-assay program in the hope that further mineralisation would be found.

This exercise has surpassed our expectations and with such high-grade results, clearly differentiates Yarawindah Brook from other PGE projects.

Assay results from further drill holes are still pending. A six-month multi-rig drilling campaign at Serradella will start in late October.

Share price snapshot

The Caspin Resources share price has leapt 20% in the past year, but it has fallen around 27% year to date.

For perspective, the ASX 200 Materials Index has shed 5% in the year to date and 1% in the past year.

Caspin has a market capitalisation of about $62 million based on the current share price.

The post Guess which ASX mining share soared 46% today appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares going bananas today

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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The S&P/ASX 200 Index (ASX: XJO) posted a partial recovery today, led by energy shares. The index closed 0.21% higher at 6,842.90 points.

The market’s day in the green came on the back of its worst session in three months which saw the ASX 200 tumble 2.58% yesterday.

Wall Street – which weighed heavily on the Aussie bourse yesterday – lifted overnight. The Dow Jones Industrial Average Index (DJX: .DJI) rose 0.1% and the S&P 500 Index (SP: .INX) increased 0.3%.  The Nasdaq Composite Index (NASDAQ: .IXIC), meanwhile, gained 0.7%.

Today, the S&P/ASX 200 Energy Index (ASX: XEJ) rallied, posting a 3.7% increase, with coal miners leading the way.

The S&P/ASX 200 Financials Index (ASX: XFJ) and the S&P/ASX 200 Industrials Index (ASX: XNJ) also gained 1.1% and 0.3% respectively.

Sadly, all other sectors closed lower, with the S&P/ASX 200 Real Estate Index (ASX: XRE) weighing heaviest, falling 0.9%.

But which share outperformed all others on Thursday? Let’s take a look.

Top 10 ASX 200 shares countdown

The index’s top performer on Wednesday was coal producer Coronado Global Resources Inc (ASX: CRN).

It’s been on a roll lately amid rising coal prices and bullish brokers. Find out more about the company and what it’s been up to here.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Coronado Global Resources Inc (ASX: CRN)	$1.85	9.14%
New Hope Corporation Limited (ASX: NHC)	$5.82	6.01%
Whitehaven Coal Ltd (ASX: WHC)	$8.87	4.6%
Woodside Energy Group Ltd (ASX: WDS)	$33.73	4.3%
Worley Ltd (ASX: WOR)	$14.38	3.68%
Santos Ltd (ASX: STO)	$7.96	3.51%
Australia and New Zealand Banking Group Ltd (ASX: ANZ)	$23.74	3.44%
Beach Energy Ltd (ASX: BPT)	$1.705	3.33%
Star Entertainment Group Ltd (ASX: SGR)	$2.76	2.99%
Aurizon Holdings Ltd (ASX: AZJ)	$3.74	2.47%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 coal shares breaking records yet again?
• Whitehaven share price rallies to new all-time high on Thursday
• Why Clover, Select Harvests, Whitehaven Coal, and Woodside shares are storming higher
• How this fundie is beating the ASX 300 without fossil fuels
• Why is the Coronado share price leaping 9% on Thursday?

Motley Fool contributor Brooke Cooper 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 Aurizon Holdings 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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