The S&P/ASX 200 Index (ASX: XJO) is a touch lower on Tuesday, despite another decent session for the big banks.

At the time of writing, the ASX 200 is down 0.07% to 8,809 points.

The index has moved around during the session. It climbed as high as 8,849.9 points earlier in the day before falling to a low of 8,798.4 points.

At the latest check, 139 of the top 200 shares are trading lower, while 51 are higher and 10 are unchanged.

Bank stocks provide some support

The main reason the ASX 200 isn’t down further is the support coming from the big banks.

Commonwealth Bank of Australia (ASX: CBA) shares are up 0.67% to $164.50, while Westpac Banking Corp (ASX: WBC) shares are 1.01% higher at $35.475.

National Australia Bank Ltd (ASX: NAB) shares are up 1.19% to $38.32, and ANZ Group Holdings Ltd(ASX: ANZ) shares are 1.28% higher at $35.70.

Macquarie Group Ltd (ASX: MQG) is also helping, with its shares up 0.81% to $249.92.

That strength is helping offset weakness elsewhere, especially with several large resource names trading lower.

CSL Ltd (ASX: CSL) is also lending a hand. Its shares are up 1.36% to $114.41.

Resources stocks hold back the ASX 200

The resources side of the market is under pressure today.

BHP Group Ltd (ASX: BHP) shares are down 0.18% to $60.23, while Woodside Energy Group Ltd (ASX: WDS) shares are 0.57% lower at $28.605.

Although gold and lithium stocks are seeing heavier selling.

Northern Star Resources Ltd (ASX: NST) shares are down 2.45% to $20.68, Evolution Mining Ltd (ASX: EVN) shares are 1.81% lower at $12.75, and Lynas Rare Earths Ltd (ASX: LYC) shares are down 2.44% to $18.165.

PLS Group Ltd (ASX: PLS) is also being sold off, with its shares down 2.80% to $5.37.

US tech jitters are still being watched

Local investors are keeping an eye on Wall Street after another choppy session for US tech stocks.

The Nasdaq Composite Index (NASDAQ: .IXIC) was pressured by weakness in large tech names, including Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Space Exploration Technologies Corp (NASDAQ: SPCX).

US futures are also lower during local trade, which has kept buyers cautious around growth stocks.

That is flowing through to some ASX tech shares. Pro Medicus Ltd (ASX: PME) shares are down 1.20% to $172.55, while REA Group Ltd (ASX: REA) shares are 1.78% lower at $133.35.

Where does the ASX 200 go from here?

The ASX 200 is still up 1.1% since the start of 2026 and around 4% over the past year.

Still, today’s session shows the market is leaning heavily on the banks.

If resources and tech keep slipping, the index may need more support from offshore markets to move higher.

The post Why is the ASX 200 stuck in the red today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 Alphabet, CSL, and Macquarie Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd and Pro Medicus. The Motley Fool Australia has recommended Alphabet, BHP Group, CSL, Macquarie Group, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you’re looking for solid capital gains and trying to sort the wheat from the chaff on the ASX, it’s often useful to defer to the experts.

I’ve had a look through the research reports from the broking houses this week and have selected three companies tipped to deliver outsized gains over the next 12 months.

Let’s see who the brokers like.

Acrow Ltd (ASX: ACF)

Acrow is a construction systems company – think scaffolding, formwork, and the like.

The company recently announced a fully underwritten institutional equity raise to raise $70 million, along with a share purchase plan for another $10 million.

Ord Minnett, in a note to clients over the past week, said the company’s goal of paying down debt and restarting its M&A strategy with the $27 million acquisition of Ausgroup and the $25 million acquisition of Preston Superdeck was a positive.

They added:

We view this update positively for a number of reasons: 1) the debt levels of ACF have been an ongoing issue for the company, and the equity raise goes a long way in wrangling the Net Debt/EBITDA multiple to reasonable levels; 2) Ausgroup looks to be a nice bolt-on acquisition, bolstering ACF’s presence in North Queensland with industrial access proving to be a solid revenue stream for the group; and 3) Preston Superdeck fills a product gap in ACF’s product offering, adding loading platforms to the company’s ‘one stop-shop’ value proposition in the construction services space.

Ord Minnett has a price target of $1.30 on Acrow compared to 93.5 cents currently. If achieved, this would be a 39% return.

Credit Clear Ltd (ASX: CCR)

Morgans has tipped Credit Clear as a company to watch, saying the debt collection business has scope to grow, given its proprietary digital collections platform, which they say is a key differentiator.

The broker said regarding the company:

Since listing in 2020, the group has evolved from a pure-play collections technology business to an increasingly scalable end-to-end contingent collections platform which, in our view, is well positioned to deliver long-term compounding growth both organically and through acquisitive market consolidation.

Morgans said Credit Clear is in a unique position to consolidate the market, which is worth $1.5 billion across Australasia and the UK.

The broker has a price target of 30 cents for the company, compared to 21 cents currently, which would represent a 42.9% return if achieved.

IODM Ltd (ASX: IOD)

Shaw and Partners likes IODM, which is an accounts receivable automation software company.

The broker said a recent deal with TransferMate “materially expands IODM’s distribution opportunity across its primary growth region while further strengthening a strategic partnership that has expanded materially over the past 12 months”.

Shaw and Partners said the deal followed the expansion with TransferMate into the US earlier, “reinforcing our view that the relationship is becoming increasingly strategic for both parties”.

Shaw and Partners has a price target of 29 cents for IODM shares, up from 12 cents currently, which would represent a gain of 141.7% if achieved.

The post 3 ASX shares with 39% to 141% growth ahead of them: Experts appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

Are you looking for some new additions to your portfolio? If you are, then it could pay to listen to what Morgans is saying about the ASX shares named below.

Here’s what you need to know about them:

Amcor PLC (ASX: AMC)

Morgans has been looking deeper at this packaging giant. While it is positive on the company, it does have concerns over its stretched balance sheet.

Nevertheless, it remains positive enough to put an accumulate rating and $65.40 price target on Amcor’s shares. This implies potential upside of 13% for investors. It commented:

Following its merger with Berry Global in April 2025, AMC identified a non-core portfolio of ~US$2.5bn in revenue. These lower-growth or lower-margin businesses where AMC lacks scale or leadership positions are expected to be divested over time via cash sales or joint ventures/partnerships. While there is a range of scenarios that can play out, using conservative assumptions, we estimate the combined non-core portfolio could be worth ~US$1.8bn. To date, AMC has reached agreements to sell six businesses for a combined value of ~US$500m. AMC plans to use proceeds from non-core asset sales to reduce leverage, which stood at 3.8x at the end of 3Q26.

While management expects leverage to end FY26 at 3.4-3.5x, the stretched balance sheet remains a key investor concern. Our analysis indicates a strong negative relationship (correlation coefficient -0.76) between AMC’s leverage and its 1-year forward PE multiple. We therefore expect a reduction in leverage to support an improvement in AMC’s PE multiple over time. We make no changes to our earnings forecasts and maintain our A$65.40 target price. However, with a 12-month forecast TSR of 18%, we move our rating to ACCUMULATE (from BUY).

Credit Clear Ltd (ASX: CCR)

Another ASX share that Morgans has been running the rule over is debt collection company Credit Clear.

In response to its move into the UK market, the broker has initiated coverage on Credit Clear with a speculative buy rating and 30 cents price target. This suggests that upside of 36% is possible from current levels. It said:

Credit Clear (CCR) is a leading Australian debt collections business, which focuses on contingent collections. CCR has to date made solid progress in establishing a commanding foothold within ANZ. We see the group’s recently formed beachhead in the larger UK market as a material consolidation prospect to drive further scale. We initiate coverage on CCR with a Speculative Buy rating and $0.30 price target.

IDP Education Ltd (ASX: IEL)

Finally, Morgans was pleased with this language testing and student placement company’s better-than-expected trading update. It highlights that cost reductions are better than it was forecasting and management’s decision to undertake a share buyback signals confidence in its outlook.

As a result, the broker has retained its buy rating with an improved price target of $3.45. This implies potential upside of 50% for investors over the next 12 months. It commented:

IDP delivered a positive update, including better-than-expected net cost out in FY26 (A$30m vs A$25m), potential further cost reductions in FY27 and strong capital management discipline (deleverage to ~1x in FY26-27; ~A$50m buy-back). We are encouraged by management’s confidence in the progress of the multi-year business transformation, highlighted by the stated ~A$50m buy-back and ongoing operational performance (yield strength; working capital discipline) in a subdued volume backdrop. The update incrementally reinforces our recent upgrade.

Our volume expectations remain conservative, with no meaningful SP recovery assumed until FY29 (-10% FY27; -3% FY28; +3% FY29). We remain willing to look through a cyclically depressed valuation for a leaner market leader, underpinned by structural demand, ongoing tech/product development and China testing optionality. BUY rec.

The post Buy, hold, sell: How does Morgans rate these ASX shares? appeared first on The Motley Fool Australia.

More reading

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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 positions in and has recommended Amcor Plc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.