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

Here’s what you need to know about these buy-rated growth shares:

Life360 Inc (ASX: 360)

The first ASX growth share that has been named as a buy is this rapidly growing location technology company.

Life360 provides a mobile app for families that offers useful features such as communications, driver safety, and location sharing. At the last count, there were approximately 50 million active monthly users of the app, which is generating significant recurring revenue.

Bell Potter is bullish on the company’s future. It currently has a buy rating and $9.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share that could be a buy is this leading online furniture and homewares retailer.

Goldman Sachs has tipped Temple & Webster to grow very strongly over the long term thanks to its strong position in a retail category that is still in the early stages of shifting online.

It highlights that the category in Australia remains under-penetrated online relative to other markets with 16.5% of sales made online versus 28% in the UK and 25% in the United States. And with this side of the retail market having higher barriers to entry, this bodes well for Temple & Webster.

Goldman has a buy rating and $7.60 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX growth share that could be a buy is this logistics solutions company.

WiseTech is the company behind the popular CargoWise One solution, which allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand has been strong for its platform over the last few years and underpinned strong sales and profit growth. The good news is that this strong form is expected to continue in FY 2023, with management recently reaffirming its guidance for revenue growth of 20% to 23% and EBITDA growth of 21% to 30%.

Morgan Stanley is positive on the company’s outlook. It has an overweight rating and $64.00 price target on its shares.

The post Looking for growth? 3 ASX shares experts rate as buys appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Temple & Webster Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Temple & Webster Group. 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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Wesfarmers Ltd (ASX: WES) shares are taking centre stage this week with the company scheduled to report on 15 February 2023.

It’s a very interesting time period for the business because the FY23 first half is being compared against the first half of FY22. In HY22, regions like Victoria and NSW were still under COVID lockdowns.

With the ending of COVID-19 restrictions on bricks and mortar stores, the retail businesses are seemingly doing well. Wesfarmers owns various retailers like Bunnings, Kmart, Target, Officeworks and Priceline.

For example, we’ve already heard from JB Hi-Fi Limited (ASX: JBH) which reported that total sales increased by 8.6% to $5.3 billion and net profit after tax (NPAT) was up by 14.6% to $330 million.

What’s driving the Wesfarmers share price recently?

The Wesfarmers share price has dropped by 4% since 3 February 2023.

A large part of that decline may be explained by the market’s reaction to the news that the Reserve Bank of Australia (RBA) is going to keep rising interest rates to push down on inflation.

The RBA said that strong domestic demand is adding to inflationary pressures in a number of areas of the economy, and unemployment is at the lowest rate since 1974. Wages growth is picking up, with more expected because of the tight labour market and higher inflation. The RBA wants to avoid a price-wages spiral.

Australia’s central bank wants to return inflation to its target of between 2% to 3%. Inflation may not get back to 3% by mid-2025 according to the RBA’s central forecast.

Therefore, more interest rate increases are expected in the months ahead.

While higher interest rates are not ideal for households, the comments about the strength of the economy may suggest that Wesfarmers’ earnings could remain strong up to this point, which would be good for the Wesfarmers share price.

Indeed, at the company’s annual general meeting (AGM) in late October it said that combined sales growth for Kmart and Target in the year to date continued to be “pleasing”.

Bunnings sales for the year to date were “resilient” and continued to be supported by “strong demand from commercial customers”.

Officeworks sales in the year to October were “broadly in line with the prior year”.

Wesfarmers chemicals, energy and fertilisers (WesCEF) continued to benefit from “strong customer demand and elevated commodity prices”.

The industrial and safety division “continued to improve” with sales growth across all business units.

Time to buy?

It’s not all going Wesfarmers’ way, the business was also contending with elevated supply chain costs, rising wages and higher utility costs.

With the Wesfarmers share price down by around 25% since August 2021, I think it looks much better value.

Commsec estimates suggest that Wesfarmers earnings per share (EPS) could grow this year, putting it at 22 times FY23’s estimated earnings.

I think the diversification of the business, with a focus on expanding in some industries like lithium and healthcare, gives me confidence about the company’s long-term future.

The Wesfarmers share price may drop further in 2023 at some point, but that’d make it even more attractive to me.

The post Should I buy Wesfarmers shares before the company reports this week? appeared first on The Motley Fool Australia.

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More reading

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• Do Wesfarmers shares really offer 13% upside AND passive income?
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Motley Fool contributor Tristan Harrison 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 positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Jb Hi-Fi. 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) got off to a rough start this week, falling 0.21% on Monday to close at 7,417.8 points.

Meanwhile, the February earnings season stepped up a gear, with results from Insurance Australia Group Ltd (ASX: IAG), Aurizon Holdings Ltd (ASX: AZJ), Beach Energy Ltd (ASX: BPT), and Endeavour Group Ltd (ASX: EDV) all hitting the market.  

Speaking of earnings, the Star Entertainment Group Ltd (ASX: SGR) share price crashed 20% after the company revealed that increased regulation and competition has taken a major toll on its bottom line.

Perhaps unsurprisingly, the company’s home sector, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) weighed heaviest, falling 1.4%.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) outperformed all others, gaining 1.8% on the back of strengthening oil prices. The black liquid’s value lifted over 2% on Friday amid reports Russia will cut its oil output by 5% next month.

But the top performing ASX 200 share wasn’t from the energy sector. Let’s take a look at which stock posted today’s biggest gain.

Top 10 ASX 200 shares today

The IAG share price posted the biggest gain of the ASX 200 on Monday, soaring 4.5% to close at $4.92.

The insurer’s post-tax profit rocketed more than 170% year-on-year last half to reach $468 million.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Insurance Australia Group Ltd (ASX: IAG)	$4.92	4.46%
Endeavour Group Ltd (ASX: EDV)	$7.10	4.11%
Coronado Global Resources Inc (ASX: CRN)	$2.02	3.59%
Karoon Energy Ltd (ASX: KAR)	$2.23	3.24%
Johns Lyng Group Ltd (ASX: JLG)	$5.76	3.23%
Silver Lake Resources Limited (ASX: SLR)	$1.145	3.15%
Whitehaven Coal Ltd (ASX: WHC)	$7.93	2.45%
Seven Group Holdings Ltd (ASX: SVW)	$23.53	2.35%
Woodside Energy Group Ltd (ASX: WDS)	$36.62	2.12%
Sayona Mining Ltd (ASX: SYA)	$0.245	2.08%

Our top 10 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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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 positions in and has recommended Johns Lyng Group. The Motley Fool Australia has recommended Aurizon and Johns Lyng Group. 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 good news for income investors is that there are a large number of quality ASX dividend shares to choose from on the Australian share market.

Two that are rated as buys and tipped to offer big dividend yields are listed below. Here’s what you need to know about these shares:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.

Dalrymple Bay Infrastructure has been tipped to pay bumper dividends in the near term thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.67 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.52, this will mean yields of 8.3%.

South32 Ltd (ASX: S32)

Another ASX dividend share that has been named as a buy is South32.

It is one of Australia’s largest miners with exposure to a range of commodities including aluminium, copper, manganese, and nickel.

Citi is positive on South32 and has a buy rating and $5.00 price target on the mining giant’s shares.

The broker recently boosted its earnings estimates to reflects “Citi’s commodity team raising near term Cu/Al/Zn/HCC pricing.”

Its analysts expect this to underpin fully franked dividends per share of 27 cents in FY 2023 and 32 cents in FY 2024. Based on the current South32 share price of $4.58, this will mean yields of 5.9% and 7%, respectively.

The post Big yields are coming for these ASX dividend share: experts appeared first on The Motley Fool Australia.

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More reading

• Morgans names 2 high yield ASX dividend shares to buy this month
• These are the best ASX 200 mining shares to buy now: Morgans
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Buy these ASX passive income shares now: experts
• Fundie sells South32 to buy this other ASX 200 mining share. Here’s why

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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