Investors looking for tech sector exposure might want to check out the two ASX 200 shares listed below.

That’s because brokers are feeling very positive about these shares and are tipping them as buys at current levels. Here’s what to need to know:

Altium Limited (ASX: ALU)

The first ASX 200 tech share that could be a buy is Altium.

It is a printed circuit board (PCB) design software provider behind the industry-leading Altium Designer platform.

This software is used by many of the biggest companies and organisations in the world for their PCB designs. This includes Microsoft, NASA, and Tesla.

The good news is that demand for this type of specialist software is expected to grow strongly in the future. This is due to a number of tailwinds such as artificial intelligence and the Internet of Things.

Morgan Stanley is a fan of this ASX 200 tech share. It currently has an overweight rating and $43.50 price target on Altium shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 tech share that has been named as a buy is WiseTech Global. Like Altium, its software is also industry-leading.

That software is the CargoWise One logistics management platform. It is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand and usage continues to grow for CargoWise, which is underpinning stellar recurring revenue growth. And thanks to the stickiness of the platform, bolt-on acquisitions, and organic growth, WiseTech Global has been tipped to continue its growth long into the future.

Ord Minnett, for example, is also a big fan of WiseTech Global. It currently has an accumulate rating and $90.00 price target on its shares.

The post These fantastic ASX 200 tech shares have been named as buys by analysts appeared first on The Motley Fool Australia.

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More reading

• ‘Under the radar success’: 3 quality ASX 200 growth shares to buy right now
• Top ASX shares to buy in May 2023
• Nasdaq rebound! Brokers say these ASX 200 tech shares are buys
• Don’t get duped: Why cheap ASX shares can still rip you off
• Pro Medicus shares: Bull vs. Bear

Motley Fool contributor James Mickleboro has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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 a new month here, now could be a good time to consider making some changes to your portfolio.

If you’re interested in exchange traded funds (ETFs), then it could be worth checking out the three listed below. Especially if you have room in your portfolio for some high-quality tech exposure.

Here’s what you need to know about these ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for investors to consider in May is the BetaShares Asia Technology Tigers ETF. This popular ETF provides investors with exposure to many of the best tech stocks in the Asian region (excluding Japan). This means you will be buying a slice of high-quality such as ecommerce players Alibaba and JD.com, search engine company Baidu, and WeChat owner Tencent. We Chat has over 1.3 billion users.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF for investors to look at this month is the BetaShares Global Cybersecurity ETF. As its name implies, this ETF gives investors access to the leading companies in the global cybersecurity sector. This includes industry giants such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk. These companies appear well-placed to benefit from increasing demand for cybersecurity services given how prevalent cyberattacks have become.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A third and final ETF for ASX investors to look at in May is the VanEck Vectors Video Gaming and eSports ETF. This ETF provides investors with access to a number of the largest companies in the video game industry. Among the gaming companies that you’ll be owning a slice of are Activision Blizzard, AMD, Electronic Arts, Nintendo, Roblox, and Take-Two. These companies appear well-positioned to benefit from the increasing popularity of video games and eSports.

The post 3 fantastic ETFs for ASX investors to buy in May appeared first on The Motley Fool Australia.

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More reading

• 3 top quality ETFs for ASX investors to buy and hold for 10 years
• 3 highly rated ETFs for ASX investors to buy in May
• 3 quality ASX ETFs for investors to buy for the long term
• Buy and hold these 3 ASX ETFs for a decade
• Here’s how I’ll use this ASX ETF to invest in my favourite stock

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 BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended Betashares Capital – Asia Technology Tigers Etf. 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 Rio Tinto Ltd (ASX: RIO) share price declined in April amid a drop in the iron ore price.

The company’s share price fell 6.6% from $120.14 on 31 March to $112.25 at market close on 28 April. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) fell 2.6% in the same time frame. In Tuesday’s trade, Rio shares slid 1% to $11.14.

Let’s take a look at what weighed on the Rio Tinto share price in April.

What happened?

Rio Tinto is a major iron ore explorer. The company also produces copper, bauxite and aluminum. But iron ore is its largest revenue earner.

The iron ore price fell 17% from US$127 a tonne to US$105 a tonne during April, trading economics data shows.

Iron ore prices fell amid weaker demand from China. China is the world’s largest importer of the commodity, used to make steel.

Kallanish Commodities analyst Tomas Gutierrez told Bloomberg the iron ore price was “overhyped” when it rallied from late last year until March. Iron ore was trading at US$81.5 per tonne on 1 November 2022 before soaring 65% to $US134.50 on 15 March.

Commenting on steel demand from China, he added:

Developers are very reluctant to start new projects outside of the top-tier cities, and that’s where the bulk of steel demand used to come from.

Rio Tinto reported record iron ore exports in the first quarter of calendar year 2023. The company shipped 82.5 million tonnes of iron ore in the March quarter, up 16% on the first quarter of 2022.

Rio’s 2023 guidance for iron ore shipments remains unchanged, however, copper production has been slightly lowered to 590 to 640 thousand tonnes.

Commenting on the results, Rio Tinto CEO Jakob Stausholm said:

We continue to make steady progress with our highest ever first quarter shipments achieved in the Pilbara iron ore business.

Looking ahead, the team at Goldman has a “buy rating” on Rio Tinto shares with a $136.20 price target.

Rio Tinto share price snapshot

The Rio Tinto share price has slid 2.16% in the last year.

Rio has a market capitalisation of about $41.26 billion based on the last closing price.

The post The Rio Tinto share price dumped 7% in April. Here’s why appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 mining shares to buy for big dividends: analysts
• Rio Tinto shares: Buy, hold or fold in May?
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• Looking to buy ASX 200 iron ore shares? Here are 5 reasons not to
• These are the ASX 200 lithium shares to buy due to a new ‘game changing’ technology

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) plummeted on Tuesday, dropping 0.92% to finish the session at 7,267.4 points.

Its day in the red came amid the Reserve Bank of Australia (RBA) board’s May meeting, wherein it hiked interest rates once more.

The official cash rate now stands 0.25% higher at 3.85% – 3.5% higher than it was this time last year when the first of what is now 11 rate hikes was implemented.

The RBA made the move despite admitting inflation has passed its peak – coming in at 7% last month.

Leading today’s tumble was the S&P/ASX 200 Real Estate Index (ASX: XRE), which fell 2.1%.

It was also a tough day for the S&P/ASX 200 Communication Index (ASX: XTJ) and the S&P/ASX 200 Energy Index (ASX: XEJ). They fell 1.8% and 1.5% respectively.

But it wasn’t all red across the boards. The S&P/ASX 200 Information Technology Index (ASX: XIJ) rose 0.02% despite the Computershare Ltd (ASX: CPU) share price dropping 4.8% after the company reaffirmed its full-year guidance.

So, with all that in mind, let’s take a look at which ASX 200 share outperformed all others in today’s session.

Top 10 ASX 200 shares countdown

The index’s biggest gains on Tuesday were posted by the Pinnacle Investment Management Group Ltd (ASX: PNI) share price. It leapt 6.1% today despite no news having been released by the company.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Pinnacle Investment Management Group Ltd (ASX: PNI)	$9.06	6.09%
Cleanaway Waste Management Ltd (ASX: CWY)	$2.56	5.79%
Lake Resources N.L. (ASX: LKE)	$0.47	5.62%
Telix Pharmaceuticals Ltd (ASX: TLX)	$10.78	3.06%
Graincorp Ltd (ASX: GNC)	$7.10	2.16%
Fletcher Building Ltd (ASX: FBU)	$4.37	2.1%
Healius Ltd (ASX: HLS)	$3.07	1.66%
NRW Holdings Limited (ASX: NWH)	$2.49	1.63%
Newell Brands Inc (ASX: NWL)	$13.77	1.62%
Costa Group Holdings Ltd (ASX: CGC)	$2.61	1.56%

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

• Why Cleanaway, Graincorp, Healius, and PolyNovo shares are pushing higher today
• ‘Attractive entry point’: 2 ASX 200 dividend shares to pounce on right now
• 5 things to watch on the ASX 200 on Tuesday
• Why Perenti, Pointsbet, ResMed, and Telix shares are rising today
• A ‘big red flag’ for ASX investors to avoid at all costs

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 Netwealth Group and Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Netwealth Group and Pinnacle Investment Management Group. The Motley Fool Australia has recommended Costa 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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