S&P/ASX 200 Index (ASX: XJO) shares are down 0.3% to 8,709.9 points on Monday.

Let’s review some new ratings on three ASX 200 shares.

Megaport Ltd (ASX: MP1)

The Megaport share price is $22.64, up 1.3% today and up 49% over 12 months. 

Shawn Hickman from Market Matters is bullish on this ASX 200 tech share. 

Hickman said: 

Megaport (ASX: MP1) has upgraded its FY27 revenue and EBITDA margin guidance after securing new strategic AI infrastructure contracts, while also benefiting from earlier-than-expected execution of previously announced agreements.

The stronger outlook demonstrates both incremental revenue from the new contracts and improving operating leverage as the business scales.

MP1 is increasingly evolving from a pure network-connectivity business into a broader digital and AI infrastructure platform.

We like MP1 moving into 2027 with the stock looking attractive ~$21-22.

Northern Star Resources Ltd (ASX: NST)

The Northern Star Resources share price is $24.09, up 0.3% today and down 3% over 12 months. 

Arthur Garipoli from Dolphin Partners Financial Services has a hold rating on this ASX 200 gold share. 

Garipoli said (courtesy The Bull): 

This Australian gold producer recently rejected an indicative proposal from Gold Fields Limited to acquire 100 per cent of NST at an implied equity value of $A38.7 billion. The proposal included $A7.25 in cash and 0.3125 new Gold Fields shares.

The NST board rejected the proposal on the grounds it materially undervalues NST and is highly opportunistic.

Also, Elliott Investment Management announced it had increased its stake in NST to 6.24 per cent on September 10.

We suggest investors continue holding for further developments.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is $38.28, down 0.2% today and up 45% over 12 months. 

Steven Springford from Catapult Wealth has a sell rating on this ASX 200 consumer staples share. 

Springford said: 

The supermarket giant has managed a solid recovery. Group net profit before tax and significant items of $1.599 billion in full year 2026 was up 15.4 per cent on the prior corresponding period. Group sales of $71.5 billion were up 3.6 per cent.

The balance sheet is in good shape and selling groceries is a defensive business. However, this is a recovery from a weaker base rather than a new growth phase.

The shares have risen from $26.70 on September 30, 2025 to trade at $38.77 on September 30, 2026. The shares are trading at a premium, in our view.

Investors can consider cashing in some gains before re-deploying the capital in cheaper growth orientated alternatives.

The post Buy, hold, sell: Megaport, Northern Star, Woolworths shares appeared first on The Motley Fool Australia.

More reading

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• Top brokers name 3 ASX shares to buy next week
• Tech shares shine while ASX 200 plunges to 4-month low
• Wesfarmers vs Woolworths: Which ASX dividend share looks better this month?

Motley Fool contributor Bronwyn Allen 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 Megaport. 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.

S&P/ASX 200 Index (ASX: XJO) shares are 0.4% higher at 8,719.7 points on Monday.

Let’s start the new week with some fresh ratings from the experts (courtesy The Bull). 

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price is $17.04, down 1% today and down 44% over 12 months. 

Steven Springford from Catapult Wealth has a buy rating on this ASX financial share. 

Springford said: 

This financial services company operates an investment management platform used by financial advisors in Australia.

The company delivered record total income of $391.1 million in full year 2026, an increase of 20.6 per cent on the prior corresponding period. Platform revenue increased 21 per cent. Record adjusted net profit after tax of $135.4 million was up 16.2 per cent.

The company is expecting even stronger inflows in fiscal year 2027.

Netwealth is well positioned to capture increasing market share. The weaker share price is appealing at these levels.

Develop Global Ltd (ASX: DVP)

The Develop Global share price is $4.40, up 1% today and up 1% over 12 months. 

Arthur Garipoli from Dolphin Partners Financial Services has a hold rating on this copper and zinc miner.

He said: 

DVP projects include Woodlawn, Yitirrti and the Pioneer Dome. Fiscal year 2027 will include a full year of production from the Woodlawn copper-zinc mine in New South Wales and the start of lithium direct shipping ore sales at the Pioneer Dome lithium mine in Western Australia.

The Woodlawn operation is expected to mine between 21,000 and 23,500 tonnes of contained copper equivalent metal in full year 2027, providing a strong cash flow base.

Cash flow will also be supported by first production and sales at the Pioneer Dome in the December quarter. DVP has a history of moving development projects into production amid the company embarking on its next growth stage.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is steady at 19 cents on Monday, and down 62% over 12 months. 

Garipoli has a sell rating on this ASX consumer discretionary share. 

Garipoli explained: 

This department store retailer recently posted a statutory loss after tax of $276.5 million in full year 2026, down 35.3 per cent on an actual basis. A one-off, non-cash, post tax impairment was $279.6 million.

Underlying net profit after tax of $42.5 million was 2.9 per cent lower on an actual basis. Comparable sales grew 0.7 per cent.

No final dividend was declared.

Myer is now relying on the upcoming Christmas period to bolster sales. But challenges persist given a higher interest rate environment and soaring cost of living expenses.

The post Buy, hold, sell: Myer, Develop Global, Netwealth shares appeared first on The Motley Fool Australia.

More reading

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• Top ASX shares to buy in October 2026
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• A rare buying opportunity in 1 of Australia’s top shares?

Motley Fool contributor Bronwyn Allen 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. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool Australia has recommended Myer. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ANZ Group vs AMP shares: Which blue chip is the better buy this month?

When it comes to big names on the ASX, few stand out as much as ANZ Group Holdings Ltd (ASX: ANZ) and AMP Ltd (ASX: AMP). Both are pillars of the Australian financial sector, but they play very different games—ANZ as one of the nation’s “big four” banks, and AMP as a diversified wealth manager with a long history. With changing markets, improved performance, and new strategies underway, plenty of investors are weighing up ANZ Group vs AMP shares right now. So, which blue chip shapes up as the better buy this month?

The case for ANZ

ANZ is one of Australia’s giant banks—part of the “big four,” with a strong foothold in retail, business, and institutional banking across nearly 30 markets worldwide. While its roots stretch back decades, ANZ is anything but stale; it’s continued evolving, adapting its product offering for millions of customers across Australia, New Zealand, Asia-Pacific, and beyond.

What stands out for ANZ right now is its solid dividend yield of 4.33%, which, along with a sizeable market cap of $112.16 billion, underscores its status as a blue-chip mainstay. According to its company profile, ANZ caters to a customer base of more than 8.5 million people globally, though keep in mind this number may have shifted since. ANZ’s franking on its dividends currently sits at 75%, which is a welcome boost for many Aussie investors. The bank’s P/E ratio of 19.42 looks reasonable when viewed against its strong position in the market. Year to date, shares are up 7.7%, suggesting a steady performance in 2026 so far.

The case for AMP

AMP has been around since 1849, forging a reputation in superannuation, investment management, life insurance, and a select set of banking services. While the company has faced its share of public challenges, recent years have seen AMP redefine itself, offloading its institutional funds management business and steering its financial advice arm into a fresh joint venture. AMP’s story is about rebuilding and repositioning for a new era.

From a numbers perspective, AMP offers a market cap of $6.27 billion—much smaller than ANZ’s but still sizeable by most standards. Its P/E ratio is 34.86, reflecting the market’s expectation of future growth (or possibly a premium for turnaround potential). The current dividend yield is 1.94% with 20% franking, noticeably lower than ANZ’s yield and franking. However, the real eye-catcher is AMP’s year-to-date return: a whopping 44.5% as of 30 September 2026, showing very strong share price momentum this year.

Valuation comparison

When it comes to straight-up fundamentals, there are some sizeable differences:

Metric	ANZ	AMP
Market Cap	$112.16 billion	$6.27 billion
P/E Ratio	19.42	34.86
Dividend Yield	4.33%	1.94%
Dividend per Share	$1.66	$0.05
Franking	75%	20%
Earnings per Share (EPS)	1.973	0.074

ANZ trades on a lower P/E ratio than AMP, meaning investors are paying less for each dollar of earnings. It also offers more than double the dividend yield, with higher franking on those payouts. AMP’s valuation may reflect turnaround hopes or perceived growth from its new structure, but right now it’s considerably more expensive on a P/E basis.

Note: AMP’s reported P/E ratio may be based on a different earnings measure (e.g. underlying or forward earnings) than the EPS figure shown, which is why these numbers may appear inconsistent.

Recent share price momentum

Comparing recent share price performance up to 30 September 2026:

• ANZ closed at $38.31 on 30 September 2026, delivering a year-to-date return of 7.7%. In the last week of available data, it’s seen mild ups and downs, but trends sideways overall after some earlier strength in the month.
• AMP closed at $2.60 on 30 September 2026, riding an impressive year-to-date performance of 44.5%. Its past week shows more short-term gains and positive sentiment from investors.

Which is the better buy?

Both ANZ and AMP bring something distinct to the table—ANZ the stable, high-yield blue-chip; AMP the smaller, turnaround financial with momentum on its side. Right now, though, I think the case is stronger for ANZ.

The reasons? ANZ offers a much higher, better-franked dividend, trades at a far more accessible P/E ratio considering the size and strength of its franchise, and provides a level of predictability that AMP, still working through strategic change and capital structure tweaks, cannot quite match. AMP’s near-45% run-up this year is dazzling, but that sort of momentum can cool quickly if the turnaround doesn’t deliver. For investors chasing reliable yield and a dominant market position, my pick would be ANZ this month.

The post ANZ vs AMP: Which ASX blue chip is the better buy this month? appeared first on The Motley Fool Australia.

More reading

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• Are ASX 200 bank stocks a buy in October?
• Commonwealth Bank vs ANZ: Which is better for passive income?
• 2 ASX shares highly recommended to buy: Experts

Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial draft. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.