If you’re want a strong portfolio, then having a few blue chips in there could give you a great foundation to build from.

But which blue chip ASX 200 shares could be in the buy zone? Here are three from different sides of the market to consider:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share that could be a buy is Goodman Group. It is a leading integrated commercial and industrial property company. Thanks to its successful strategy of developing high quality industrial properties in strategic locations, Goodman has been a standout performer over the last decade. The good news is that it has been tipped to continue its growth in the future.

Citi is a fan and has a buy rating and $21.10 price target on its shares. Its analysts continue to “favour industrial exposure, and remain attracted to GMG’s best-in-class balance sheet.”

Cochlear Limited (ASX: COH)

Another ASX 200 share that could be a buy is Cochlear. It is one of the world’s leading hearing solutions companies. Thanks to its portfolio of world class products, which have been developed through its significant annual investment in research and development, Cochlear appears well-placed for long term growth. Particularly given its strong position in a market benefiting from ageing populations.

Morgans is bullish on Cochlear and has an add rating and $236.70 price target on its shares. It believes the Nucleus 8 launch will be a key driver of near term growth.

Rio Tinto Limited (ASX: RIO)

A final ASX 200 blue chip share that has been rated as a buy is Rio Tinto. It is of course one of the world’s largest miners and the owner of a collection of world class operations across different commodities and geographies.

Goldman Sachs is positive on the miner due to its “compelling valuation” and production growth expectations. Goldman currently has a buy rating and $132.00 price target on Rio Tinto’s shares.

The post Why experts say these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here’s the iron ore price forecast for 2023: CBA
• Own Rio Tinto shares? Here’s what the market is expecting from its FY 2022 results
• This ASX 200 share is one of my top ideas to rake it in on a recovery
• How I’d generate a $50,000 retirement income from Rio Tinto shares
• Buy and hold these ASX 200 shares: experts

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. The Motley Fool Australia has recommended Cochlear. 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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With another subdued showing on Tuesday, the BHP Group Ltd (ASX: BHP) share price has now pulled back over 11% from its recent demerger-adjusted record high.

In light of this, now could be a good time to look to see what brokers are saying about the mining giant.

What are brokers saying about the BHP share price?

While there aren’t many buy ratings on the Big Australian’s shares, a couple see some value at the current level.

One of those is Macquarie, which is the only broker I’m aware of with a buy rating on its shares.

According to the note, the broker has an outperform rating and $52.00 price target on them. Based on the current BHP share price of $47.72, this implies potential upside of 9% for investors over the next 12 months.

In addition, the broker is forecasting a fully franked dividend of approximately $3.00 per share in FY 2023. This equates to a 6.3% yield, boosting the total potential return to over 15%.

Elsewhere, the team at Goldman Sachs is sitting on the fence with the miner and has a neutral rating and $49.00 price target on its shares. This suggests modest upside of 2.7% from current levels.

Finally, at the other end of the scale you have analysts at UBS, which have a sell rating and lowly $39.00 price target. This implies downside risk of approximately 18% from where the BHP share price currently trades.

Which broker makes the right call may largely depend on where commodity prices go from here. If China’s reopening supports demand and high prices, then the bulls could be onto a winner here.

If it doesn’t, it could be the bears that celebrate. Time will tell what happens.

The post What are experts saying about the BHP share price? appeared first on The Motley Fool Australia.

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More reading

• Here’s the iron ore price forecast for 2023: CBA
• Better buy: Fortescue vs BHP shares
• ASX 200 shares: How to invest $10,000 to get $910 per year in passive income
• Own BHP shares? Here’s what the market expects from its half year results
• Why Morgans just added these ASX 200 shares to its best ideas list

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 Index (ASX: XJO) broke a three-session-long losing streak on Tuesday, gaining 0.18% to close at 7,430.9 points.

It came on the back of a strong session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) and the S&P 500 Index (SP: .INX) both rose 1.1% overnight while the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) gained 1.5%.

It makes sense then that the S&P/ASX 200 Information Technology Index (ASX: XIJ) posted the biggest gain on the Aussie index, rising 1.3%.

The S&P/ASX 200 Communications Index (ASX: XTJ) also outperformed, gaining 1.1% with the Domain Holdings Australia Ltd (ASX: DHG) share price leading the way, lifting 5.5%.

Meanwhile, market giant CSL Limited (ASX: CSL) saw its share price rise 0.9% on the back of the company’s half-year earnings.

On the other end of the market, the S&P/ASX 200 Energy Index (ASX: XMJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) fell 0.4% and 0.2% respectively.

But which ASX 200 share outperformed all others on Tuesday? Let’s take a look.

Top 10 ASX 200 shares countdown

The index’s best performer today was metal recycler Sims Ltd (ASX: SGM). Its stock soared 7.1% to close at $15.72 on Tuesday.

That was despite the company posting an 80% fall in statutory profit for the first half, leading it to slash its interim dividend by 66% to 14 cents per share.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Sims Ltd (ASX: SGM)	$15.72	7.08%
Domain Holdings Australia Ltd (ASX: DHG)	$3.09	5.46%
Coronado Global Resources Inc (ASX: CRN)	$2.11	4.46%
Challenger Ltd (ASX: CGF)	$7.58	4.41%
Karoon Energy Ltd (ASX: KAR)	$2.32	4.04%
Adbri Ltd (ASX: ABC)	$1.82	4%
Smartgroup Corporation Ltd (ASX: SIQ)	$5.72	3.81%
Boral Limited (ASX: BLD)	$3.69	3.36%
Perpetual Limited (ASX: PPT)	$26.80	3.32%
Megaport Ltd (ASX: MP1)	$6.03	3.25%

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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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Challenger, SG Fleet, Sims, and Universal Store shares are rising
• Are whales dipping in and out of this ASX 200 travel share?
• 3 ASX All Ordinaries shares rocketing over 5% on strong earnings updates
• Challenger share price screams 7% higher on half-year results

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 CSL and Megaport. The Motley Fool Australia has positions in and has recommended Smartgroup. The Motley Fool Australia has recommended Challenger and Megaport. 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 Woodside Energy Group Ltd (ASX: WDS) share price was on course to record a small gain until the release of an announcement late in the afternoon.

The energy producer’s shares are now down 1.5% to $36.14.

What’s going on with the Woodside share price?

This afternoon, Woodside released a small update on a few items to expect in its upcoming full year results release.

Following a review of the year-end carrying values of its assets, the company expects to recognise a non-cash, post-tax asset value impairment reversal of approximately $630 million (pre-tax value of approximately $900 million) for the Wheatstone asset. This is primarily due to a revision in short and long term LNG price assumptions.

The company also expects to recognise a Pluto petroleum resource rent tax (PRRT) deferred tax asset (DTA) of approximately $1,360 million. This is primarily due to higher 2022 income, improved future price assumptions, and additional volumes processed through the Pluto-KGP Interconnector.

The release also notes that these will be excluded from underlying net profit after tax (NPAT) for the purposes of calculating the 2022 full year dividend. This is consistent with prior practice.

Production disruption

The real drag on the Woodside share price this afternoon is likely to be an update on its planned maintenance.

Management explained that the Pluto LNG operation will have four weeks of maintenance in the second quarter. The North West Shelf LNG train 1 will have four weeks of maintenance in the third quarter and the Ngujima-Yin FPSO dry dock will have four month of maintenance during the first half.

However, Woodside’s full year production guidance remains unchanged at 180MMboe to 190MMboe despite this. Though, investors appear to believe the lower end of the range is more likely now judging by the share price reaction.

The post Woodside share price turns red following production update appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why are ASX 200 energy stocks like Woodside having such a stellar start to the week?
• Even Joe Biden sees a lengthy future for ASX 200 oil stocks
• 5 things to watch on the ASX 200 on Monday
• ASX 200 shares: How to invest $10,000 to get $910 per year in passive income

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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