Author: openjargon

The Coles Group Ltd (ASX: COL) share price is in focus today after the company confirmed it has ended talks concerning a possible acquisition of Greencross Pet Wellness Company. Coles says it regularly assesses strategic opportunities, but has chosen not to progress with this particular deal.

What did Coles report?

• Coles Group has ceased discussions with TPG Capital about acquiring Greencross Pet Wellness Company.
• No terms or financial details were finalised or disclosed as talks have concluded.
• Coles reconfirms its ongoing disciplined approach to potential acquisitions and strategic growth opportunities.
• The company remains one of Australia’s leading supermarket and retail groups.

What else do investors need to know?

Coles originally announced the talks with Greencross on 1 July 2026. With the discussions now closed, no further negotiations or due diligence will take place regarding this acquisition. Investors will now be looking to see what other strategic moves, if any, Coles may pursue in the future.

Coles has emphasised its careful and methodical approach to mergers and acquisitions. This signals to shareholders that while the company remains open to growth opportunities, it will not proceed with deals unless they align with its broader strategic priorities.

What’s next for Coles?

Looking ahead, Coles is expected to continue reviewing potential partnerships or acquisitions that could complement its core supermarket and retail operations. Management’s decision to step back demonstrates discipline and a focus on protecting shareholder value.

The company has not signalled any immediate alternative acquisitions. Investors should watch for future company updates regarding growth initiatives or developments in its existing business portfolio.

Coles Group share price snapshot

Over the past 12 months, Coles shares have risen 10%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Coles ends talks for Greencross acquisition appeared first on The Motley Fool Australia.

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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 summary of the company announcement. 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.

AMP Ltd (ASX: AMP) shares jumped almost 10% higher on Thursday, closing the day at $1.90 a piece.

The impressive daily increase came off the back of a positive first-half earnings update out of the company on Thursday morning.

The financial services company said in a statement to the ASX that it expects underlying net profit to come in at $170 to $180 million. This is significantly higher than the $131 million reported for the same period last year. Investors rushed to snap up the stock, sending the share price flying.

The news isn’t the only tailwind AMP shares have enjoyed over the past couple of months. 

After crashing to an annual low in mid-March, the stock has slowly but steadily recovered the losses shed. At the time of writing, the shares have now rebounded 64% from their low, and are now up around 4% for the year-to-date.

Why have AMP shares rebounded from their low?

AMP shares crashed around 26% in February after it posted a disappointing FY25 result. It came in far below expectations, and investors were disgruntled.

Ongoing geopolitical tensions and concerns about Australia’s inflation data rate also weighed heavily on financial shares throughout the first half of the year.

Later in April, AMP’s first-quarter update was a little more positive. The company reported 45% growth in Platforms’ net cash flows and improved Superannuation & Investments (S&I) net cash outflows in April. The result proved that business growth is underway and revealed momentum across several key divisions. 

Investors were happy with the results and some confidence was restored. Now it looks like investors have become increasingly confident that the company’s turnaround can translate into a better financial performance and improved shareholder returns.

AMP has also benefited from renewed expectations that the Reserve Bank of Australia will start to ease interest rates. Lower interest rate expectations generally boost sentiment for financial stocks like AMP. 

Are they a buy, sell or hold now?

The experts are mostly bullish on the outlook for AMP shares over the next 12 months. But after Thursday’s huge share price spike, it’s unclear exactly what upside we can expect next.

Market Index data shows the majority of brokers have a buy rating on AMP shares. The $1.79 average target price, however, now implies a potential 2% downside ahead.

TradingView data shows something very similar. The majority (six out of 10) have a buy or strong buy rating on AMP shares. Another three rate the stock as a hold.

The average $1.82 target price now implies a potential 4% downside ahead. Although some think that the shares have the potential to climb another 3% higher to $1.95 a piece.

I expect that after yesterday’s news, and share price surge, we may see a flurry of brokers and analysts revise their expectations for AMP shares in coming days.

The post AMP shares rebound 64%: Buy, sell or hold? appeared first on The Motley Fool Australia.

More reading

• How much do I need in my superannuation to earn an annual $60,000 passive income?
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• AMP expects higher 1H26 earnings on China growth
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• Buying AMP shares? Here’s the dividend yield you’ll get today

Motley Fool contributor Samantha Menzies 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.

A self-managed superannuation fund (SMSF) gives investors the freedom to shape their retirement portfolio around their own goals.

For money that may stay invested for decades, I would want a combination of dependable earnings, growing dividends, and exposure to businesses that could look much larger in the future.

These are three ASX 200 shares I would consider.

Commonwealth Bank of Australia (ASX: CBA)

CBA is rarely the cheapest major bank, yet it remains the one I would feel most comfortable owning for the long term.

The bank is woven into the financial lives of millions of Australians. Customers use it to receive wages, pay bills, save money, buy homes, operate businesses, and invest. Those relationships create a strong franchise.

CBA also keeps investing in its digital platform, payments, fraud prevention, and customer experience. I think that spending can help the bank protect its market position as financial services become increasingly digital.

Its fully franked dividends could provide income inside an SMSF, while its exposure to lending, deposits, and household finances gives shareholders a direct connection to the Australian economy.

The premium valuation deserves attention, and banking conditions will shift over time. Even so, I think CBA has the financial strength and customer loyalty to remain a leading ASX business for many years.

Coles Group Ltd (ASX: COL)

Coles would bring a more defensive source of earnings to the SMSF.

Households can delay buying furniture, electronics, or a new car when money becomes tight. Grocery spending is much harder to avoid.

That regular demand gives Coles a strong starting point, although the company still needs to compete hard on price, availability, convenience, and customer trust.

I like the work Coles has been doing across online shopping, loyalty, distribution, and automated fulfilment. These investments can help the supermarket serve customers more efficiently while supporting growth beyond simply opening more stores.

The Flybuys ecosystem also gives Coles greater insight into shopping habits and another way to strengthen customer relationships.

Margins in supermarkets are relatively thin, and competition from Woolworths Group Ltd (ASX: WOW), Aldi, and other retailers will remain intense. Cost inflation and political scrutiny can also create pressure.

Nevertheless, for an SMSF, I think Coles offers a compelling blend of defensive demand, dividends, and measured long-term growth.

NextDC Ltd (ASX: NXT)

The final ASX 200 share would give the portfolio a stronger growth engine.

NextDC develops and operates data centres, which provide the physical infrastructure behind cloud computing, artificial intelligence, cybersecurity, streaming, and digital payments.

The digital economy may feel invisible, but it still needs buildings, electricity, cooling systems, secure connections, and enormous computing capacity.

NextDC is investing heavily to meet that demand across Australia and overseas. Its expansion requires substantial capital, and returns can take time to appear as new capacity is developed and contracted.

That creates risks around funding, project execution, customer concentration, and the timing of revenue. It also means the shares may be much more volatile than CBA or Coles.

I would keep the position measured, but I think an SMSF with a long horizon can afford to own some businesses whose strongest earnings may still lie well ahead.

Foolish takeaway

I would want an SMSF portfolio to keep working through several stages of retirement planning.

Income becomes increasingly attractive as retirement approaches, while growth can help the portfolio keep pace with rising living costs and support larger dividends later.

CBA and Coles could provide a steadier earnings base, while NextDC offers exposure to infrastructure supporting a rapidly expanding digital economy.

I think that combination could give an SMSF enough resilience for uncertain periods and enough ambition to keep growing over the long term.

The post 3 top ASX 200 shares I’d buy for a self-managed superannuation fund appeared first on The Motley Fool Australia.

More reading

• How much do I need in my superannuation to earn an annual $60,000 passive income?
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• How many CBA shares do I need to buy for $10,000 of passive income?

Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia. 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.

Macquarie Group Ltd (ASX: MQG), Qantas Airways Ltd (ASX: QAN), and WiseTech Global Ltd (ASX: WTC) have all given investors plenty to think about recently.

But are they buys at current prices? Here’s what I think of all three blue-chips.

Macquarie shares

Macquarie tends to be at its best when the world is changing and large amounts of capital need to find a home.

Governments and businesses need funding for infrastructure, energy systems, technology, transport, and other major projects.
Investors also want access to private markets and real assets that can provide returns beyond traditional shares and bonds.

I like that Macquarie can participate from several directions. It can manage assets, advise on transactions, arrange financing, trade commodities, and invest alongside clients.

That range has allowed the company to keep evolving as opportunities move between markets.

Its earnings can be uneven because activity in commodities, asset sales, and corporate transactions changes from year to year. Even so, I think its global expertise, relationships, and ability to deploy capital across changing conditions make it a strong long-term buy.

Qantas shares

I have no interest in pretending airlines are easy investments.

Fuel prices, competition, industrial action, weather, economic conditions, and operational problems can all disrupt a carefully prepared forecast.

Qantas still attracts me because it has several advantages that would be extremely difficult for a new competitor to reproduce.

Its domestic network, airport slots, brand, Jetstar operations, and frequent flyer ecosystem have been built over decades. The loyalty business is especially appealing because it earns money through credit cards, retail partnerships, points, and travel rewards without relying entirely on aircraft flying at full capacity.

Fleet renewal could shape the next stage of the story. New aircraft should support better fuel efficiency, improved reliability, new routes, and a stronger passenger experience, although the investment required will be substantial.

I would approach Qantas with realistic expectations and accept that sentiment can turn quickly. At the right position size, I think the company’s competitive strengths and multiple earnings streams make the shares a buy.

WiseTech shares

WiseTech is the share I would handle most carefully, although it may also have the greatest upside if execution improves.

Global trade still runs through a maze of customs rules, freight companies, warehouses, ports, documents, and regulatory systems. CargoWise helps logistics businesses bring much of that complexity into one platform.

Once software becomes embedded across daily operations, replacing it can be expensive and disruptive. That gives WiseTech the chance to deepen customer relationships and keep expanding recurring revenue.

The e2open acquisition and greater use of artificial intelligence could widen the opportunity significantly. WiseTech wants to connect more participants across global trade while automating labour-intensive logistics workflows.

It is important to remember that investor confidence has been damaged by governance concerns, leadership questions, and uncertainty around integration. Those issues probably justify a measured position.

After the heavy share price decline, I think the balance between risk and reward has become far more attractive. WiseTech shares are a buy for me, although I would expect plenty of volatility.

Foolish takeaway

I would buy all three shares, although I think the strongest case appears when looking several years ahead rather than focusing on the next result.

Macquarie, Qantas, and WiseTech have all spent years building capabilities that would be difficult for a rival to reproduce quickly. That gives them room to keep adapting, even when earnings, sentiment, or execution become less predictable.

There will be periods when confidence weakens and the share prices test investors’ patience. At sensible position sizes, I think the long-term opportunity is attractive enough to justify buying all three today.

The post Are Macquarie, Qantas, and WiseTech shares buys? appeared first on The Motley Fool Australia.

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

The Strait of Hormuz oil shock has put ASX green energy shares firmly back in focus.

Oil is the reason why.

When crude prices spike, the whole energy sector moves with them.

Investors are now trying to work out who benefits and who suffers.

Let’s take a look.

Why the oil price matters

The Strait of Hormuz carries a large slice of the world’s seaborne crude.

Any disruption there ripples straight through global markets.

As a result of the most recent disruptions prices have remained elevated, even after cooling from their peaks.

The WTI crude oil price recently sat near US$78.93 a barrel. Brent was around US$84.31.

Higher oil prices lift the cost of fossil-fuel power. In theory, that improves the relative economics of renewables, as wind and solar don’t burn fuel and their input costs don’t rise when a tanker changes course.

That is the simple bull case, but the reality is a little more complicated.

What the latest oil shock means for ASX green energy shares

Most ASX green energy shares are not pure-play renewables businesses. Many still earn money from gas, coal, or electricity retailing. So the oil story cuts both ways. A higher wholesale power price can help earnings today. A faster energy transition can help earnings tomorrow.

Investors need to weigh each business on its own merits. Here are three names worth watching.

Three ASX green energy shares in focus

First up is Origin Energy Ltd (ASX: ORG).

Origin runs generation, gas, and a growing renewables and storage arm. The company is also one of the country’s largest electricity retailers.

Origin shares have had a rough run of late. They recently fell around 19% from this year’s highs, which traces back to its March quarter update in late April. This update showed declines across its Integrated Gas, Energy Markets, and Octopus Energy segments. Crucially, the company also downgraded its FY26 EBITDA guidance.

Today’s share price weakness could interest bargain hunters.

Next is Meridian Energy Ltd (ASX: MEZ). Meridian is a New Zealand-based renewables generator built on hydro power.

Hydro provides roughly 60% of New Zealand’s electricity, and the company recently won final approval to expand its Lake PÅ«kaki hydro storage.

However, dry-year supply risk, wholesale price uncertainty, and the drawn-out Lake PÅ«kaki storage approval process (contested by Transpower and the Energy Minister) all weighed on the shares over the year.

Finally, there is Infratil Ltd (ASX: IFT).

Infratil is an infrastructure investor with broad exposure.

Its portfolio spans renewable generation, data centres, and airports.

That diversification can smooth out the bumps across the current oil shock, giving investors a bit of downside protection.

The bottom line on ASX green energy shares

The Strait of Hormuz crisis is a stark reminder of the world’s reliance on oil.

It also underlines the long-term case for cleaner power.

But ASX green energy shares are not a simple one-way bet. Each business carries its own mix of risks and rewards, and investors should be careful to analyse each opportunity individually.

Foolish takeaway

Oil shocks come and go.

The energy transition looks more like a multi-decade theme.

For patient investors, ASX green energy shares offer one way to play it.

Just be sure to understand what sits inside each business first.

The post What the Strait of Hormuz oil shock means for ASX green energy shares appeared first on The Motley Fool Australia.

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• Origin Energy sell-off continues, shares hit fresh 52-week low: Buy, sell or hold?

Motley Fool contributor Mark Verhoeven 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.

Share prices are changing all the time, giving investors the opportunity to buy (and sell). When ASX shares are trading near 52-week lows, they could be particularly attractive buys.

Of course, there’s a danger they could fall even further from here. But, even if they do, the two ASX shares I want to highlight look like they could materially climb over the next two or three years.

I’m bullish on the two stocks below and optimistic they can bounce back.

ARB Corporation Ltd (ASX: ARB)

The business claims to be Australia’s largest manufacturer and distributor of 4WD accessories which are made to perform in harsh environments. It distributes its products to more than 100 countries.

A significant portion of the company’s products are manufactured in Thailand, where costs are denominated in the Thai baht. The weaker Australian dollar hurt margins in the FY26 first half and this is part of what has sent the ARB share price down by more than 50% since August 2025.

I believe this decline could be a great time to invest. As Warren Buffett once said, be fearful when others are greedy and greedy when others are fearful.

The company believes there a number of elements that could help the company’s long-term success. That includes the expansion of the Australian and New Zealand aftermarket, with new and upgraded retail stores and stockists, and the launch of the new e-commerce sites.

Next, the company highlighted developments in both distribution and product dedicated to the USA market.

ARB also noted increased distribution and manufacturing capacity to accommodate future growth. It also highlighted a pipeline of new product developments and releases.

According to the projection on Commsec, the ARB share price is valued at 17x FY26’s estimated earnings and 15x FY27’s estimated earnings.

Tuas Ltd (ASX: TUA)

Another ASX share that I think looks very undervalued in my opinion is the Singapore-based ASX telco share.

At the time of writing, it has writing more than 60% since mid-May. Ouch. It’s close to its 52-week low.

The Infocomm Media Development Authority of Singapore (IMDA) said it had learned that Simba may have been using radio frequency bands it was not authorised to use. This led to the termination of the M1 acquisition, leaving Tuas with a lot more shares (and a large cash balance) compared to before the attempted acquisition.

I don’t think this will stop the business operating in Singapore and it hopefully won’t slow the company’s growth in Singapore too much. The Tuas share price looks undervalued for how much regular profit it’s generating, plus it can grow in other ways with that cash pile, such as expanding internationally.

In the FY26 first half, the company reported revenue growth of 26% and underlying operating (EBITDA) rose 27%. It grew revenue at a strong pace and the profit margin increased.

The business is making progress expanding its mobile and broadband user base, which is helping its top line and bottom line. It’s already very profitable on a cash flow basis – HY26 operating cash flow was $50.1 million. This can be used to improve the business in the coming periods. 

Despite the setback, I think this ASX share can bounce back from near its 52-week lows.

The post 2 ASX shares near 52-week lows I’d buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Tuas. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation. The Motley Fool Australia has recommended ARB Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

AIC Mines Ltd (ASX: A1M) shares had a day to forget on Thursday.

The ASX copper stock ended the day around 18% lower at 67 cents.

What happened?

Investors were hitting the sell button following the release of the company’s quarterly update, which revealed higher than expected costs at the Eloise copper mine.

Commenting on the update, Bell Potter said:

A1M has met production and cost guidance for its 3rd consecutive year. At its 100%- owned Eloise Copper Mine in QLD, A1M has reported production for the June 2026 quarter of 3,106t copper in concentrate plus 1,605oz gold at All-In-Sustaining-Costs (AISC) of A$6.15/lb (vs BPe 3,299t Cu in concentrate plus 1,389oz Au at A$4.51/lb). Compared with our numbers, this was a slight miss on copper, a beat on gold, but costs were a negative surprise and the highest reported from Eloise under A1M’s ownership.

Bell Potter has also been looking at the ASX copper stock’s expansion plans and is pleased with its progress. However, it concedes that AIC Mines’ higher costs has raised concerns that it may have to raise capital to fund the expansion. It said:

We recently attended a site visit to Eloise and returned comfortable with the view that the mine expansion is on schedule and mill commissioning will commence as planned in the December quarter 2026. This timeline was reiterated by A1M with the June quarterly report, albeit with some non-critical-path delays. A1M will also provide an updated outlook on 20 July 2026 covering FY27, FY28 and FY29 production targets. 

We anticipate this will include an update on a staged expansion from 1.1Mtpa to 1.5Mtpa, which is already partially catered for with the current expansion to 1.1Mtpa. On our current forecasts the expansion is fully funded. However, the higher costs reported in this quarterly have caused, in our view, some in the market to question this and it being a factor in today’s negative share price reaction.

Should you buy this ASX copper stock?

According to the note, the broker has retained its buy rating on AIC Mines’ shares with a reduced price target of 90 cents.

Based on its current share price of 67 cents, this implies potential upside of 34% for investors over the next 12 months.

Commenting on its buy thesis, Bell Potter said:

EPS changes with this update are: FY26: -13%, FY27: -8% and FY28: -9%, on the softer June quarter, forecast higher underlying unit costs, and slightly lower production. A1M represents leveraged, unhedged copper exposure via its Eloise Copper Project with a clear, organic growth strategy being advanced. It has a strong track record of delivery to guidance and a well-credentialed management team. We retain our Buy recommendation on a lowered NPV-based target price of $0.90/sh.

The post Why this ASX copper stock could rise 30%+ in 12 months appeared first on The Motley Fool Australia.

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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.

The ASX stock APA Group (ASX: APA) continues to deliver a very pleasing level of passive income, particularly for investors targeting resilient payouts each year.

APA has one of the best records when it comes to regular payout growth, as well as its impressive asset base.

The business owns a number of important energy assets, including gas pipelines, electricity transmission, gas power stations, gas processing, gas storage, solar farms and wind farms.

Thanks to the essential nature of its portfolio, the business has been able to deliver investors a pleasing level of passive income.

Great passive income track record

APA has increased its distribution every year since 2004, which is the second-longest streak on the ASX for consistent growth of dividend payouts.

The business has kept up this payout growth whilst regularly investing in more assets for its portfolio. For example, in recent times it has announced more gas pipelines, as well as a gas peaking power plant in Queensland.

Each asset it builds/acquires, meaning it adds to APA’s ability to generate more cash flow. APA pays for its distribution from the cash flow it makes, so a growing portfolio is good news for investors wanting larger payouts.

Another positive for income-seeking investors is the fact that most of APA’s revenue is linked to inflation, so it’s benefiting from regular growth and can help offset the negatives of higher inflation for investors.

APA does not pay a distribution every month, though it does pay every six months. I think it would be better to think of the goal as an annual target and then divide the amount into 12 equal amounts.

$200 per month translates into an annual goal of $2,400 per year. I’m expecting the business to increase its annual payout to at least 59 cents per security in FY27.

To receive $2,400 per year based on the potential FY27 payout, an investor would need to buy 4,068 APA shares.

In my view, the business has a promising future and can continue expanding its energy portfolio for the foreseeable future as Australia looks to other energy sources to replace coal over the next decade.

The post I’d buy 4,068 shares of this ASX stock to aim for $200 a month of passive income appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There are a lot of options for investors to choose from in the resources sector.

To narrow things down, let’s find out what Morgans is saying about three ASX shares that have recently released updates.

Here’s what you need to know:

Amplitude Energy Ltd (ASX: AEL)

Morgans remains positive on this energy producer’s shares following its fourth-quarter update. This was particularly the case with the Orbost operation, which continues to outperform.

In response, the broker has retained its buy rating and $3.05 price target on the company’s shares. It said:

A solid Q4 production and sales result, with Orbost’s continued outperformance the obvious standout. As we expected, revenue dipped on softer Victorian and South Australian spot prices through the quarter, though by less than we had allowed for. FY26 closed with records across the board. Group production of 27.6PJe (+3%), revenue of A$285.8m (+7%) and a record realised gas price of A$10.35/GJ (+4%), while net debt was slashed 85% yoy to A$37.2m. 

Management’s outlook commentary was very positive, with the flagship Orbost plant setting fresh production records post quarter end. AEL is our top energy sector pick following recent share price weakness. We maintain our BUY rating and A$3.05 target price.

Evolution Mining Ltd (ASX: EVN)

The broker notes that this gold miner delivered a result in line with expectations. And while capital expenditure will be higher than forecast in FY 2027, it remains positive on the investment opportunity here.

Morgans has retained its buy rating with a trimmed price target of $14.60. It commented:

4Q26 result and FY26 guidance were largely in line with expectations. FY27 outlook commentary flagged higher capex than previously expected and inflationary impacts to AISC, which affect FY27 cash flow forecasts. Maintain BUY with a A$14.60ps target price (previously A$16.00ps).

Rio Tinto Ltd (ASX: RIO)

Morgans highlights that this mining giant’s Pilbara operations outperformed expectations during the second quarter. And while the Simandou operation’s performance was weak, the broker doesn’t see this as a negative.

However, for valuation reasons, Morgans only has a hold rating and $163.00 price target on Rio Tinto shares.

RIO posted a healthy Q2 where it matters, with Pilbara shipments beating consensus (+2%), while we see the headline Simandou miss (-68% vs consensus) as a net positive: a slower Simandou ramp supports iron ore benchmarks, and each US$10/t on the benchmark is worth ~US$2.5bn of annual EBITDA to RIO’s far larger Pilbara business. The sting in the tail was Kennecott, with a late June converting furnace breach requiring a ~75-day full rebuild, hitting H2 refined copper and gold output (total copper including saleable matte unchanged). 

Copper C1 guidance halved to US30-50c/lb, on strong by-prod prices, a material margin tailwind into the H2 result. Trading back close to where we see fair value, RIO remains one of the highest quality global exposures to a sector enjoying a multi-year upcycle (albeit not without its volatility). We maintain our HOLD rating, A$163.00 TP (was A$165.00).

The post Should you buy Rio Tinto and these ASX shares? appeared first on The Motley Fool Australia.

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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.

Do you have room in your portfolio for a new addition? If you do and are interested in ASX 200 tech shares, then it could be worth considering Netwealth Group Ltd (ASX: NWL) shares.

That’s the view of analysts at Bell Potter, which remains bullish on the investment platform provider following its quarterly update.

What is the broker saying?

Bell Potter highlights that Netwealth’s fourth quarter update was slightly ahead of expectations thanks to positive market movements. It said:

Minor beat related to market movements and outlook parameters were reconfirmed. Gross flow momentum and managed account net flows held up despite elevated outflows. Investor caution was slight (middle east conflict and budget), and this was the key takeaway. Institutional accounts were weaker and the cause, while the superannuation segment delivered record net flows. Consensus net flows sit at the lower bound of the guidance range and offer further room for potential withdrawals.

Another positive is that its outlook commentary was unchanged, which it believes points to new run rate momentum. 

Outlook comments are unchanged and indicate new run rate momentum: 1) elevated outflow impacts are expected to be temporary; 2) FY27 net flows of $18-20B, which would imply organic momentum and the partial benefit of new products; 3) EBITDA margins of 47%; and 4) investment in capitalised software of $17M. Net flow guidance wraps well around consensus expectations for $18.2B. Initiatives delivered in the period include an agentive AI agent for real-time support and improved execution.

Should you buy Netwealth shares?

According to the note, Bell Potter has retained its buy rating and $30.00 price target on Netwealth’s shares.

Based on its current share price of $23.50, this implies potential upside of approximately 28% for investors over the next 12 months.

In addition, a dividend yield of 2.2% is expected in FY 2027. This stretches the total potential return over the period to approximately 30%.

If Bell Potter is on the money with its recommendation, this would turn a $10,000 investment into approximately $13,000.

Commenting on its buy recommendation, the broker said:

Our Buy rating and target price are unchanged. NWL remains on track to deliver free cash flow margins in-line with 5Y historical standards, balancing growth investments and profitability. Market share cadence and the current multiple make this attractive.

Overall, this could make the company worth considering if you are looking for exposure to this side of the market.

The post Are Netwealth shares a top buy after its update? appeared first on The Motley Fool Australia.

More reading

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• Netwealth delivers record FUA in June 2026 quarter
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• Buy, hold, sell: Netwealth, Silver Mines, and Qantas shares
• 5 things to watch on the ASX 200 on Friday

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