If you are seeking big returns, then it could be worth checking out the ASX shares in this article.

That’s because the team at Bell Potter believes these shares could rise at least 90% over the next 12 months.

Here’s what the broker is recommending to clients:

Falcon Metals Ltd (ASX: FAL)

Bell Potter sees significant value in this gold explorer’s shares. In response to its latest drilling results, the broker has retained its speculative buy rating and $1.10 price target on the ASX share.

Based on its current share price of 36.5 cents, this suggests that upside of 201% is possible between now and this time next year.

Its analysts are very optimistic on Falcon Metals’ Blue Moon project in Victoria. They commented:

Blue Moon continues to shape as a potentially district-scale orogenic gold system, with these results defining a fifth mineralised zone with the system remaining open at depth and along strike. Each successive step-out has validated the geological model generated by FAL’s exploration team, which continues to identify additional stacked reefs where predicted, building our confidence in both the targeting and the scale on offer. 

Magnolia Zone does not form part of our Blue Moon NDS, offering valuation upside once the zone becomes derisked through further exploration. We maintain our Valuation of $1.10 and Speculative Buy recommendation.

Fenix Resources Ltd (ASX: FEX)

This iron ore miner’s shares could be deeply undervalued according to Bell Potter. In response to its fourth-quarter update, the broker has retained its buy rating on the ASX share with a trimmed price target of 54 cents.

Based on its current share price of 28 cents, this implies potential upside of approximately 93% for investors.

Bell Potter was pleased with its performance in the fourth quarter and is positive on the company’s production growth outlook. Commenting on its outlook, the broker said:

FEX’s FY27 guidance points to sales of 4.7-5.3Mt, up 14% YoY at the midpoint. Notably, C1 cash cost guidance is consistent with FY26 at A$70-80/t, demonstrating strong cost discipline during a highly inflationary environment.

FEX has outlined a clear pathway to incrementally grow iron ore production to 10Mtpa at significantly lower unit costs, leveraging its integrated logistics network to underpin cash flows and fund its substantial organic growth outlook. FEX holds the largest storage position at the strategic and fast-growing Geraldton Port.

The post Bell Potter says these ASX shares could rise 90% to 200% appeared first on The Motley Fool Australia.

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• Why I’d buy Qantas, Woolworths, and ResMed shares
• 5 things to watch on the ASX 200 on Wednesday
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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 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.

Qantas Airways Ltd (ASX: QAN), Woolworths Group Ltd (ASX: WOW), and ResMed Inc. (ASX: RMD) shares are popular with Aussie investors.

It isn’t hard to see why. All three have strong market positions and well-known brands.

But could they be good investments today? I think they could. Here is why I would buy them.

Qantas shares

Airlines can make even confident investors nervous. Fuel prices, competition, economic conditions, weather, and operational problems can quickly disrupt forecasts. I would never approach Qantas shares expecting a perfectly smooth journey.

But the company still has advantages that would be extremely difficult for a new competitor to reproduce.

Its domestic network, airport slots, Qantas brand, Jetstar operations, and frequent flyer ecosystem have been built over decades. The loyalty division is especially appealing because it earns money through credit cards, retail partners, points, and travel rewards without depending entirely on ticket sales.

Fleet renewal could also reshape the business. Newer aircraft can improve fuel efficiency, reduce maintenance requirements, open new routes, and provide a better passenger experience. The investment bill will be substantial, but I think Qantas has a genuine opportunity to emerge with a more efficient and flexible fleet.

The sector will remain volatile, so I would keep my position sensible. Even so, I think the airline’s competitive position and range of earnings streams make Qantas shares worth buying.

Woolworths shares

Woolworths appeals to me for a completely different reason.

Groceries sit close to the centre of household spending. Customers may change brands, hunt harder for value, or reduce discretionary purchases, but they still need food and everyday essentials.

That dependable demand gives Woolworths a strong base.

The company also has more to work with than a large store network. Online shopping, loyalty data, automated distribution, delivery services, and personalised offers can all shape how Woolworths competes over the next decade.

I particularly like the potential of Everyday Rewards. A deeper understanding of customer behaviour can help Woolworths improve promotions, stock the right products, and build stronger relationships with shoppers.

Supermarket retail is intensely competitive, and the company must keep earning customer trust on price, availability, and service. Margins are also relatively thin, which means poor execution can have an outsized effect on profits. But I think it has a strong management team with the capabilities to deliver.

For me, Woolworths remains a leading Australian retailer with the scale and resources to improve, making the shares an attractive long-term buy.

ResMed shares

ResMed gives investors exposure to a healthcare need that remains far from fully addressed.

Millions of people live with sleep apnoea and other breathing disorders, while many remain undiagnosed or untreated. Better awareness, wider testing, and growing acceptance of home-based care could help ResMed reach many more patients.

Its relationship with customers can also continue well beyond the original device sale.

Patients need masks, replacement parts, monitoring, support, and software that helps them remain engaged with treatment. That recurring demand can make each new patient increasingly valuable over time.

Competition and changing treatment options deserve attention. However, ResMed has spent years building its brand, distribution, connected devices, and expertise in sleep health.

I think those strengths can support continued growth even as the treatment market evolves.

Foolish takeaway

I would buy Qantas, Woolworths, and ResMed because their long-term opportunities are supported by positions that have taken years to establish.

Each company still has work ahead of it, but with patient ownership and sensible position sizes, I think all three ASX shares could become more valuable over the years ahead.

The post Why I’d buy Qantas, Woolworths, and ResMed shares appeared first on The Motley Fool Australia.

More reading

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• Here’s the dividend forecast out to 2028 for Woolworths shares
• Experts say these ASX 200 shares have great potential
• Top brokers name 3 ASX shares to buy next week
• Coles vs. Woolworths. Which ASX consumer staples stock is the best buy?

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

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) fought back from a poor start to end the day flat a fraction higher at 8,793.3 points.

Will the market be able to push on from this on Wednesday? Here are five things to watch:

ASX 200 to rise

The Australian share market looks set for a good session on Wednesday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 22 points or 0.25% higher. In the United States, the Dow Jones rose 0.75%, the S&P 500 climbed 0.9%, and the Nasdaq stormed 1.3% higher.

Oil prices rise again

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have another good session on Wednesday after oil prices charged higher again overnight. According to Bloomberg, the WTI crude oil price is up 2.1% to US$84.99 a barrel and the Brent crude oil price is up 2.6% to US$91.51 a barrel. Traders bid oil prices to five-week highs following reports of more US-Iran attacks.

Buy Hub24 shares 

Bell Potter sees lots of value in Hub24 Ltd (ASX: HUB) shares following the release of its quarterly update. This morning, the broker retained its buy rating and $110.00 price target on the investment platform provider’s shares. This implies potential upside of 35% for investors. It commented: “Our Buy recommendation is unchanged. Class is improving, with superannuation net inflows growing as a share, and boosting the result. The addition of retirement income streams (TAL) should support this trend and the result leaves FY27 target parts intact.”

Gold price rebounds

ASX 200 gold shares Westgold Resources Ltd (ASX: WGX) and Northern Star Resources Ltd (ASX: NST) could have a good session on Wednesday after the gold price rebounded. According to CNBC, the gold futures price is up 1.8% to US$4,088.5 an ounce. The precious metal climbed amid hopes that there could be a de-escalation in Middle East tensions.

Quarterly updates

There are a number of ASX 200 shares that are scheduled to release quarterly updates on Wednesday. This includes gold miner Westgold Resources, rare earths producer Lynas Rare Earths Ltd (ASX: LYC), and uranium producer Paladin Energy Ltd (ASX: PDN).

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

More reading

• BHP shares have tripled in the past 10 years. Could history repeat itself over the next decade?
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• HUB24 earnings: Record $18.9bn net inflows lift FUA
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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 positions in and has recommended Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.