• Top brokers name 3 ASX shares to buy next week

    Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

    Here’s why brokers think investors ought to buy them next week:

    Aristocrat Leisure Limited (ASX: ALL)

    According to a note out of Goldman Sachs, its analysts have retained their buy rating but lowered their price target on this gaming technology company’s shares to $28.50. While the broker acknowledges that there is uncertainty in regard to how long it will take for its land based segment to recover from the pandemic, it believes it is better placed than its rivals due to its market leading suite of games. It also notes that it has a strong balance sheet, giving it the option to pursue acquisitions. I agree with Goldman Sachs and would be a buyer of its shares with a long term view.

    Sonic Healthcare Limited (ASX: SHL)

    Analysts at Citi have retained their buy rating and $32.50 price target on this healthcare company’s shares. According to the note, the broker believes Sonic Healthcare has a lucrative opportunity in the U.S. with COVID-19 testing. Even if it only wins a small share of the multi-billion dollar market, it suspects it could give its revenue and earnings a major boost. I think Citi makes some good points and Sonic Healthcare could be worth a closer look.

    Volpara Health Technologies Ltd (ASX: VHT)

    A note out of Morgans reveals that its analysts have retained their add rating but cut the price target on this healthcare technology company’s shares to $1.68. The broker made a small reduction to its price target after factoring Volpara’s recent $37 million capital raising into the equation. The proceeds will be used for general working capital purposes and to fund potential future acquisition opportunities. Overall, the broker believes Volpara is well placed for growth over the coming years and thus holds firm with its positive rating. I agree with Morgans and feel Volpara is a good option for investors looking for small cap exposure.

    Looking for more shares to invest in? Then check out the five recommendation below which look dirt cheap after the market crash…

    5 cheap stocks that could be the biggest winners of the stock market crash

    Investing expert Scott Phillips has just named what he believes are the 5 cheapest and best stocks to buy right now.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia has recommended Sonic Healthcare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Top brokers name 3 ASX shares to buy next week appeared first on Motley Fool Australia.

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  • How $1,000 can be enough to change your money mindset

    man and woman thinking with picture of lightbulbs

    I think that $1,000 can be enough to change your money mindset forever.

    There are things holding a lot of people back. Maybe they don’t have the money confidence to start on the right path.

    I believe it’s wrong to believe that you need some large amount of money to make a huge difference. Sometimes it’s more about a mental shift than requiring a $100,000 share portfolio to feel good.

    $1,000 to help your money confidence

    Before the coronavirus hit, many Aussies didn’t have $1,000 to be able to cover an emergency expense with its savings.  

    Having money in the bank may not strike plenty of people as a necessary thing. Why have cash sitting there for emergencies if you’ve never had to experience living through an emergency? The problem is that emergencies don’t tell you in advance when they’re going to happen.

    Having $1,000 always sitting there in a (high interest) bank account can give you a lot of confidence with your money. You’re able to ride through a problem if it occurs. Obviously having more savings would be even better, but one step at a time. You are freer to make the best decisions for your life. 

    There are plenty of banks offering savings accounts like Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group (ASX: ANZ), National Australia Bank Ltd (ASX: NAB) and Bendigo and Adelaide Bank Ltd (ASX: BEN).

    $1,000 to get your financial ball rolling

    You don’t need $10,000 or $50,000 of money to start investing in shares. You can start building your share portfolio with just $1,000, or even $500. Share brokerage fees are so cheap these days.

    Compound interest from shares can make you 10% a year whether you portfolio balance is $1,000 or $1 million.

    You don’t need a huge deposit to start investing. You can build your money by investing a small amount now and invest more when things are safer and conditions are closer to normal.

    What shares could be a good place to start? I think shares like Future Generation Global Invstmnt Co Ltd (ASX: FGG) and iShares S&P 500 ETF (ASX: IVV) could be very good long-term investments.

    But some of the best individual ASX growth shares out there could be even better ideas.

    NEW! 5 Cheap Stocks With Massive Upside Potential

    Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.

    One is a diversified conglomerate trading 40% off it’s all-time high, all while offering a fully franked dividend yield of over 3%…

    Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.

    Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.

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    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post How $1,000 can be enough to change your money mindset appeared first on Motley Fool Australia.

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  • Got $2,000? Here are 2 ASX 200 healthcare shares to buy today

    healthcare shares concept

    ASX 200 healthcare shares have had a rollercoaster ride in 2020. While the S&P/ASX 200 Index (ASX: XJO) is down 18.36% this year, the nature of the coronavirus pandemic has meant investors are snapping up healthcare companies like there’s no tomorrow.

    Here are a couple of my top healthcare shares to buy for a good price today!

    2 ASX 200 healthcare shares to buy today

    I like the look of CSL Limited (ASX: CSL) shares right now. The biotech giant’s share price closed at $290.93 on Friday and boasts a $132 billion market capitalisation.

    On the surface, that may seem expensive. However, I think we’ve seen some strong support for CSL shares at the $300 per share mark. Given the group’s size and demand for its products, the ASX 200 healthcare share could be in the buy zone.

    Despite climbing higher in 2020, the CSL share price is down 11% since early April. That could mean now is a good time to buy in and hold a blue-chip share for the long-term.

    Other than CSL, I think Polynovo Ltd (ASX: PNV) shares could be in the buy zone. Polynovo develops and manufactures polymers to assist with the treatment of burns and its share price has been flying in recent years.

    In fact, the ASX 200 healthcare share is up more than 100% since 23 March and more than 3,300% in the last 5 years. 

    Those are some strong growth numbers and there could be more on the way. The Aussie biotech group is going from strength to strength and posted record US quarterly sales in the March quarter.

    The group’s NovoSorb Biodegradable Temporising Matrix (BTM) product has had success in a number of countries and received widespread praise from the medical community.

    There’s still further market share for Polynovo to capture and a strong research and development pipeline could drive further growth for the ASX 200 healthcare share.

    Foolish takeaway

    ASX 200 healthcare shares could be good buy options in the COVID-19 environment. There are strong dividend and growth shares for savvy investors but you just have to know where to look…

    For more great value ASX shares, check out these 5 top picks today!

    NEW! 5 Cheap Stocks With Massive Upside Potential

    Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.

    One is a diversified conglomerate trading 40% off it’s all-time high, all while offering a fully franked dividend yield of over 3%…

    Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.

    Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.

    Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares.

    But you will have to hurry because the cheap share prices on offer today might not last for long.

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    Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Got $2,000? Here are 2 ASX 200 healthcare shares to buy today appeared first on Motley Fool Australia.

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