The S&P/ASX 200 Index (ASX: XJO) ended the week in the red, falling 0.86% on Friday to close at 7,346.8 points. That leaves it down 1.17% week-on-week.

Today’s tumble followed an equally disappointing overnight session on Wall Street. Dow Jones Industrial Average Index (DJX: .DJI) slumped 1.3%, the S&P 500 Index (SP: .INX) slipped 1.4%, and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 1.8%.

Back home, it was a bloodbath across much of the market today.

Tech was hit hardest, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) tumbling 2.3%. Its worst performer was the Block Inc (ASX: SQ2) share price, which fell 7.8%.

The S&P/ASX 200 Energy Index (ASX: XEJ) also suffered, falling 1.8% as coal producers spent a second day deep in the red after tumbling amid news of the NSW government’s coal price cap policy yesterday.

There was a bright spot on the ASX 200 today, however. That was the S&P/ASX Utilities Index (ASX: XUJ), which rose 1%, driven by the Origin Energy Ltd (ASX: ORG) share price’s 1.7% gain.

So, with all that in mind, which ASX 200 shares outperformed all others today? Let’s take a look.

Top 10 ASX 200 shares countdown

The biggest gainer on the ASX 200 today was the QBE Insurance Group Ltd (ASX: QBE) share price. It rose 7.4% to close at $14.39.

The insurer posted its full-year earnings this morning, detailing a 2.7% jump in net profit after tax (NPAT) and a 30-cent final dividend­ up 57% year-on-year.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
QBE Insurance Group Ltd (ASX: QBE)	$14.39	7.39%
A2 Milk Company Ltd (ASX: A2M)	$7.10	6.29%
Corporate Travel Management Ltd (ASX: CTD)	$18.10	4.5%
GUD Holdings Limited (ASX: GUD)	$10.04	4.47%
Imugene Limited (ASX: IMU)	$0.14	3.7%
Super Retail Group Ltd (ASX: SUL)	$12.90	3.2%
Orora Ltd (ASX: ORA)	$3.43	3%
Computershare Limited (ASX: CPU)	$23.88	2.67%
Graincorp Ltd (ASX: GNC)	$7.78	2.37%
Collins Foods Ltd (ASX: CKF)	$8.87	2.31%

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

• 4 ASX 200 shares rerated by brokers following earnings results
• Why A2 Milk, Piedmont Lithium, QBE, and Super Retail shares are racing higher
• QBE share price leaps 10% amid explosive dividend growth
• Should I pour in and buy A2 Milk shares before the ASX 200 company reports on Monday?
• Why term deposits can’t compete with these 5 ASX dividend machines

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 Block, Collins Foods, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Block and Super Retail Group. The Motley Fool Australia has recommended A2 Milk, Collins Foods, and Corporate Travel Management. 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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Are you looking to add some growth shares to your portfolio?

If you are, two ASX growth shares that could be worth considering are listed below. Here’s why they are rated as buys:

Allkem Ltd (ASX: AKE)

The first ASX growth share to consider is Allkem. It is one of the world’s largest lithium miners aiming to maintain a 10% share of global lithium supply over the long term.

Although Goldman Sachs is bearish on the lithium industry, it is positive on Allkem due to its production growth plans and its downstream optionality. The broker commented:

Of our covered Australian lithium companies, Allkem has the best LCE growth outlook with production growing >4x to FY27E with further downstream optionality on carbonate production

Goldman has a buy rating and $15.50 price target on Allkem’s shares.

Lovisa Holdings Limited (ASX: LOV)

Another ASX growth share to consider is fast-fashion jewellery retailer, Lovisa.

Much like Allkem, it is the company’s growth plans that has analysts and investors excited. Lovisa has been growing its store network at a rapid rate in recent years but isn’t anywhere near the end of its journey. This is a journey being navigated by a highly talented and experienced management team that has been there before with other global retail brands.

In light of this, Lovisa has been tipped to become one of Australia’s biggest retail success stories by analysts at Morgans. The broker said:

LOV may just prove to be one of the biggest success stories in Australian retail. With ambitious new leadership in place, we think now is the time LOV steps up to become a global force. Investment will be needed to expand LOV’s network in the US and Europe and to take it into new markets, but the returns could be stellar.

Morgans currently has an add rating and $28.50 price target on Lovisa’s shares.

The post Two ASX shares with bucketloads of growth potential: experts appeared first on The Motley Fool Australia.

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More reading

• Why this US$1 trillion milestone matters for ASX 200 lithium shares
• Could this new advancement reignite ASX 200 lithium stocks?
• How to create a second income from ASX growth shares
• 2 highly-rated ASX growth shares to buy according to experts
• 2 ASX growth shares that also offer incredible dividends

Motley Fool contributor James Mickleboro has positions in Allkem. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. 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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AGL Energy Limited (ASX: AGL) shares have come under pressure this month.

Since the start of February, the energy giant’s shares have fallen 5.5%.

All of this decline has come since the release of AGL’s half year results, which fell well short of expectations.

For the six months ended 31 December, AGL reported an underlying net profit after tax of $87 million, which was a massive 55% decline on the prior corresponding period. This led to AGL slashing its dividend by half to 8 cents per share.

Well, with the bad news out of the way, investors may now be looking at AGL shares and wondering if an investment opportunity has been created by this weakness.

What if you were to invest $1,000 into its shares now? Would you get a good return on your investment in 2023?

Would you get a good return from AGL shares?

While opinion is divided on where AGL shares are heading, one leading broker sees plenty of upside ahead for investors. Particularly given that a return to form is expected in FY 2024.

According to a note out of Credit Suisse, its analysts responded to AGL’s half year results by retaining their outperform rating with a trimmed price target of $8.70.

Based on the current AGL share price of $7.22, this implies a potential return of 20.5% for investors over the next 12 months.

This means that a $1,000 investment would turn into $1,205 if Credit Suisse is on the money with its recommendation.

In addition, the market is expecting a 26 cents per share dividend in FY 2023, which equates to a 3.6% dividend yield. This would add an extra $36 to your return, bringing your total potential return to a solid $1,241.

The post If I invest $1,000 in AGL shares now, what could my return be this year? appeared first on The Motley Fool Australia.

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More reading

• Company directors are buying the dip on AGL shares. Should you?
• Why AGL, New Hope, News Corp, and REA shares are dropping today
• Is the AGL share price sell off a buying opportunity?
• 5 things to watch on the ASX 200 on Friday
• How to burn a billion dollars: AGL shares tumble 10% on painful half-year results

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 AMP Ltd (ASX: AMP) share price took a tumble on Thursday after the former-financial giant dropped its full-year earnings, declaring its return to dividend.

The stock dumped 13.4% in yesterday’s session and it’s continuing its fall today. It’s trading 1.32% lower at $1.12 at the time of writing.

That’s its lowest point in months. And looking further back, the S&P/ASX 200 Index (ASX: XJO) stock has dumped 79% since February 2018.

Does that leave the AMP share price in the buy zone right now? Let’s take a look.

Are AMP shares a buy following Thursday’s dive?

The market turned its back on AMP shares on Thursday when the company announced a $184 million underlying net profit after tax (NPAT). That marked a 34% year-on-year fall.

The dint was mainly put down to market volatility, repricing in the wealth management business, and a reduced net interest margin in its bank business.

Though, it did post its first dividend in four years – offering investors 2.5 cents per share.

It also vowed to continue its $1.1 billion capital return initiative in the coming financial year.

While the 20% franked dividend did mark a milestone for the embattled company, it wasn’t enough to impress UBS.

The broker kept its sell rating on AMP shares, tipping them to fall to $1.09, The Australian reported. That marks a potential 2.75% downside on its current price.

Analysts were disappointed by the results and guidance, saying courtesy of the publication:

[O]ur first impressions are that the result highlights the depth of challenges facing the core businesses, and FY23 guidance commentary does not indicate FY23 will be much easier.

Looking to future dividends, the ASX 200 staple is tipped to pay 4 cents per share in financial year 2023, according to CommSec data. That’s forecasted to increase to 5.2 cents per share in financial year 2024.

The post Are AMP shares finally cheap enough to buy following Thursday’s 13% crash? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• The AMP dividend is back! Here’s what you need to know
• Why AMP, Evolution, Perenti, and Whitehaven Coal shares are dropping
• AMP share price dives 12% on earnings miss
• Here are the top 10 ASX 200 shares today

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 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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