Day: September 21, 2022

Experts name 2 outstanding ASX 200 shares to buy right now

an older couple look happy as they sit at a laptop computer in their home.

an older couple look happy as they sit at a laptop computer in their home.

If you’re wanting to add some ASX 200 shares to your portfolio, then you may want to check out the two listed below.

Here’s why these ASX 200 shares come highly rated:

Goodman Group (ASX: GMG)

The first ASX 200 share to look at is Goodman Group. It is an integrated commercial and industrial property group which has generated consistently strong returns for investors over the last decade.

This has been underpinned by the diversity of Goodman’s portfolio and its exposure to quick growing markets such as ecommerce.

Pleasingly, the ecommerce market has resulted in strong demand from blue chip customers such as Amazon, Showpo, and Walmart. And given how the shift to online shopping is only really getting started, these properties look set to be in strong demand for a long time to come.

One broker that is very positive on Goodman is Goldman Sachs. It has a buy rating and $25.40 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX 200 share that has been rated as a buy is ResMed. It is a medical device company aiming to change lives by developing, manufacturing, and distributing innovative medical devices and cloud-based software solutions. These solutions help to better diagnose, treat, and manage sleep-disordered breathing, chronic obstructive pulmonary disease (COPD), and other key chronic diseases.

Demand has been strong for its innovative products in recent years, leading to stellar sales and earnings growth.

The good news is that ResMed appears well-placed to continue this positive form in the future. This is thanks to its world-class products, the massive number of undiagnosed sleep apnoea sufferers globally, and its rapidly growing digital health ecosystem.

Credit Suisse is positive on the company and has an outperform rating and $40.00 price target on its shares.

The post Experts name 2 outstanding ASX 200 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 September 1 2022

(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

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.

from The Motley Fool Australia https://ift.tt/e7UYftu

Here are 3 top ASX growth shares that analysts rate as buys

happy investor, share price rise, increase, up

happy investor, share price rise, increase, up

If you’re interested in adding some ASX growth shares to your portfolio, you may want to look at the three listed below.

These growth shares have recently been named as buys by experts. Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that has been tipped as a buy is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and the owner of a portfolio of popular poker machines and digital games. The latter boasts over ~20 million monthly active users and are generating significant recurring revenues. Aristocrat is also looking to expand into the real money gaming market, which could be another significant avenue of growth.

Citi is a fan of the company. It has a buy rating and $40.20 price target on its shares.

Cochlear Limited (ASX: COH)

Another ASX growth share that has been named as a buy is Cochlear. It is one of the world’s leading hearing solutions companies. Thanks to its portfolio of world class products in an industry with high barriers of entry, Cochlear has been growing at a solid rate for well over a decade and looks well-placed to continue this trend in the future. Particularly given how the industry is benefiting from favourable tailwinds such as ageing populations.

Goldman Sachs is bullish on Cochlear. Its analysts currently have a buy rating and $237.00 price target on its shares.

Webjet Limited (ASX: WEB)

A final ASX growth share that has been named as a buy is online travel agent Webjet. After a tough couple of years, Webjet is now back on form thanks to rebounding travel markets. And with its costs reduced materially from pre-pandemic levels, Webjet looks set to be a much more efficient business in the future. This bodes well for its growth in the coming years.

Goldman Sachs is also very positive on Webjet. Its analysts currently have a buy rating and $6.80 price target on its shares.

The post Here are 3 top ASX growth shares that analysts 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 September 1 2022

(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

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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and Webjet Ltd. 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/8LZ5Qmb

8 ASX 200 shares got kicked out of the index on Monday. How are they tracking?

Man waves goodbye while looking at computer sitting at desk.

Man waves goodbye while looking at computer sitting at desk.

The S&P/ASX 200 Index (ASX: XJO) waved farewell to eight companies on Monday morning. The benchmark index also welcomed eight others.

The shakeup was part of the S&P Dow Jones Indices quarterly rebalance, which seeks to maintain risks at targeted volatility levels.

The ASX 200 houses the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months, they were replaced by other companies.

Below we look at the eight companies that departed the ASX 200 on Monday and how they’ve performed since Friday’s closing bell. For context, the benchmark index is down 0.6% this week.

Leaving the ASX 200 on Monday

The first company to depart the benchmark index is Life360 Inc (ASX: 360), with a market cap of $1.0 billion. Based in the United States, the software development company allows users to keep track of family members via its apps. The Life360 share price is down 1.3% since Friday’s closing bell.

Up next is AVZ Minerals Ltd (ASX: AVZ), which has a market cap of $2.7 billion. The resource explorer is focused on developing the lithium-rich Manono Project, located in the Democratic Republic of the Congo. AVZ shares last traded on 6 May, after which the company asked for a halt in trading. And it now looks like shares won’t be trading again until at least October.

The third company that got kicked out of the ASX 200 on Monday is City Chic Collective Ltd (ASX: CCX), with a market cap of $377 million. The ASX retailer specialises in plus-size women’s apparel, footwear and accessories. City Chic pays a 0.6% trailing dividend yield, fully franked. Shares are down 5.9% this week.

Moving on to the fourth company to exit the benchmark index, we have Clinuvel Pharmaceuticals Ltd (ASX: CUV), with a market cap of $944 million. The biotech share is engaged in developing drugs for the treatment of genetic and vascular disorders. Clinuvel pays a slender 0.2% trailing dividend yield, fully franked. The share price is down 10.5% since Friday’s closing bell.

Also exiting the benchmark index

Fintech company EML Payments Ltd (ASX: EML) also departed the ASX 200 on Monday. EML payments has a market cap of $330 million. Shares are down 6.95% this week.

Next, we have Janus Henderson Group PLC (ASX: JHG), which has a market cap of $5.9 billion. The investment management services company pays a 6.2%, unfranked trailing dividend yield. The Janus Henderson share price has slipped 1.9% this week.

Coming in at number seven is Pointsbet Holdings Ltd (ASX: PBH), with a market cap of $641 million. Pointsbet, as the name implies, is a licensed corporate bookmaker with operations in Australia and the United States. The Pointsbet share price is down 2.8% since Friday’s closing bell.

And the final company to exit the ASX 200 on Monday is Zip Co Ltd (ASX: ZIP). The buy now, pay later (BNPL) stock has been particularly hard hit by rising interest rates this year, leaving it with a current market cap of $535 million. The Zip share price is down 10.9% this week.

The post 8 ASX 200 shares got kicked out of the index on Monday. How are they tracking? 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 September 1 2022

(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

Motley Fool contributor Bernd Struben 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 Life360, Inc., Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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/TLU6qKV

These 8 companies joined the ASX 200 on Monday. Here’s how they’re performing

A group of businesspeople clapping.A group of businesspeople clapping.

The S&P/ASX 200 Index (ASX: XJO) welcomed eight new companies on Monday morning.

The benchmark index also farewelled eight others.

That’s all part of the S&P Dow Jones Indices quarterly rebalance, following on from its September quarterly review, which seeks to maintain risks at targeted volatility levels.

The ASX 200, as you’re likely aware, is home to the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months they were replaced, on Monday, by other companies.

Below we look at the eight newest ASX 200 shares and how they’ve done since the closing bell last Friday. For context, the benchmark index is down 0.6% since then.

Joining the ASX 200 on Monday

The first new company to join the ASX 200 on Monday is Capricorn Metals Ltd (ASX: CMM), with a market cap of $1.07 billion. The resource explorer’s main focus is its Karlawinda Gold Project, located in Western Australia. The Capricorn Metals share price is down 1.05% since being added to its new benchmark index.

Next up we have Charter Hall Social Infrastructure REIT (ASX: CQE), with a market cap of $1.3 billion. The real estate investment trust primarily invests in early learning centres. Charter Hall pays a 4.94% trailing dividend yield, unfranked. The REIT’s share price is down 2.6% since Friday’s close.

The third company joining the ASX 200 this week is Johns Lyng Group Ltd (ASX: JLG), which has a market cap of $1.64 billion. Johns Lyng provides integrated building services in Australia. The company pays a 0.9% trailing dividend yield, fully franked. Shares are up 2.97% so far this week.

Moving on to the fourth new entrant, we have Karoon Energy Ltd (ASX: KAR), with a market cap of $1.16 billion. The oil and gas exploration and production company has projects in Australia and Brazil. The Karoon Energy share price has gained 3.48% since Friday’s close.

Also making the move

Also joining the ASX 200 this week is fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV). Lovisa has been powering higher in 2022 and now commands a market cap of $2.5 billion. Lovisa pays a 3.26% trailing dividend yield, partly franked. Shares are up 1.8% this week.

Next up is Smartgroup Corporation Ltd (ASX: SIQ), with a market cap of $723 million. The ASX tech share provides specialist employee management services like salary packaging and vehicle fleet management. The stock pays a 6.67% trailing dividend yield, fully franked. The Smartgroup share price is down 0.92% this week.

Coming in at number seven is Spark New Zealand Ltd (ASX: SPK), with a hefty market cap of $8.53 billion. The ASX telecom share is a leading provider of fixed line and mobile services in New Zealand. Shares are up 1.79% from where they were at Friday’s closing bell. Spark pays a 5.58% trailing dividend yield, unfranked.

And the final company to join the ASX 200 on Monday is Sayona Mining Ltd (ASX: SYA), which has a market cap of $2.2 billion. The resource company is primarily focused on lithium and graphite, with projects in Australia and Canada. Shares have tumbled 13.8% this week.

The post These 8 companies joined the ASX 200 on Monday. Here’s how they’re performing 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 September 1 2022

(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

Motley Fool contributor Bernd Struben 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 Johns Lyng Group Limited. The Motley Fool Australia has positions in and has recommended SMARTGROUP DEF SET. The Motley Fool Australia has recommended Johns Lyng Group Limited and Lovisa Holdings Ltd. 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/wZrKRax