Author: openjargon

ASX wine stock Treasury Wine Estates Ltd (ASX: TWE) looked as though it was finally turning a corner.

After gaining around 7% over the past month, investors were starting to believe the worst might be over. Instead, the ASX wine stock slipped another 3.2% to $4.50 on Thursday, extending its six-month decline to 14% and its 12-month loss to a hefty 43%.

So, what stopped the recovery in its tracks?

Patchy consumer demand

The $4 billion ASX wine stock has spent much of the past year battling headwinds on several fronts.

Investors have become increasingly concerned about patchy consumer demand, a slower-than-expected recovery in China, and weaker discretionary spending as households continue to feel the pressure from higher living costs.

Premium wines like Treasury Wine’s brand Penfolds may command attractive margins, but they are hardly immune when consumers tighten their belts.

Thursday’s decline also appeared to reflect a degree of profit-taking after the recent rally rather than any material negative announcement.

Reasons for optimism remain

In fact, management delivered a reasonably encouraging update at its recent investor day. Treasury Wine reaffirmed FY26 EBIT guidance of $480 million to $490 million and indicated FY27 earnings should be at least comparable as Penfolds completes its inventory rebalancing in China.

Management also highlighted the TWE Ascent transformation program, which is targeting $100 million in annual cost savings. The first benefits are expected to flow through in FY27, with the full financial impact building over the following two to three years.

Investors initially welcomed those updates, sending the ASX wine stock almost 10% higher immediately after the investor day.

Why the long-term story remains intact

Treasury Wine still owns one of the strongest portfolios of premium wine brands in the industry. Its stable includes Penfolds, 19 Crimes, Wolf Blass, Lindeman’s, and Squealing Pig, giving the company exposure to both luxury and mainstream consumers across multiple global markets.

Management of the ASX wine stock continues to shift the business towards higher-margin premium wines, reducing its reliance on lower-priced, more competitive products.

China could also become a meaningful growth driver again. The removal of tariffs on Australian wine has reopened an important export market. While the recovery has been slower than many investors hoped, stronger demand would provide a significant earnings tailwind.

Combined with Treasury Wine’s broad international distribution network, the company is less dependent on any single market than many of its peers.

Risks remain

The investment case of this ASX wine stock is not without challenges. Consumer demand remains uneven, competition is intense, and the recovery in China still needs to prove itself.

If spending on premium wines remains subdued or Chinese sales disappoint, earnings growth could again fall short of expectations.

What do analysts think?

Despite recent weakness, brokers remain constructive. Citi continues to rate Treasury Wine a buy with a $5.50 price target, implying upside of around 22% from current levels.

Morgans is even more optimistic on the ASX wine stock. Following the company’s investor day, the broker reiterated its buy recommendation and lifted its target price to $5.95 per share. That suggests Treasury Wine shares could climb roughly 32% over the next 12 months.

For now, investors appear torn between encouraging long-term fundamentals and near-term uncertainty. The next few earnings update next month may determine which story ultimately wins.

The post This ASX wine stock looked ready to recover. Why did it stumble again? appeared first on The Motley Fool Australia.

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• These ASX shares could be top buys for FY27
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• Here are the 10 most shorted ASX shares
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Motley Fool contributor Marc Van Dinther 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 Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Commonwealth Bank of Australia (ASX: CBA) shares remain one of the most widely held investments on the ASX.

The bank last traded around $161.14, which places it around the middle of its 52-week range of $146.98 to $185.59. That means investors are currently looking at a share price that is below recent highs, but still far from distressed levels.

So the question is simple: should investors buy, hold, or sell CBA shares in July?

My view is that CBA is a buy.

Why I still like CBA

CBA continues to stand out as the highest-quality bank in Australia, in my view.

It has a dominant retail franchise, a very large and stable deposit base, and a strong digital banking platform that supports customer retention and efficiency. These are not new advantages, but they are the kind that tend to compound over long periods.

Banking is a competitive industry, but scale and trust still matter. I think CBA has both in abundance.

Even in a more uncertain economic environment, customers still need mortgages, transaction accounts, savings products, credit cards, and business banking services. CBA sits at the centre of that system.

Earnings and valuation

According to CommSec consensus estimates, CBA is expected to generate earnings per share of $6.54 in FY26 and $6.72 in FY27.

Based on the current share price of $161.14, that puts the bank on a price-to-earnings ratio of around 25 times FY26 earnings and 24 times FY27 earnings.

That is not a cheap valuation. However, I think it is important to separate valuation from quality. CBA consistently trades at a premium because investors are willing to pay for stability, profitability, and lower risk compared to other banks.

In that context, I think the valuation is justified rather than extreme.

Income appeal

CBA also remains attractive for income-focused investors.

While its dividend yield is not the highest in the banking sector, CBA’s dividends are typically supported by strong earnings and a conservative approach to capital management.

That combination of income and safety is a key reason many investors continue to hold the stock even after strong share price performance in recent years.

Key risks

No investment is without risk, and CBA is no exception.

The biggest risks remain around housing market conditions, credit quality, regulatory pressure, and the broader economic cycle. If unemployment were to rise significantly or property prices were to weaken materially, bank earnings would likely come under pressure.

There is also the risk that investors are already paying a premium for quality, which could limit near-term capital upside.

Foolish takeaway

I think CBA shares are a buy in July.

The valuation is not cheap, but I think it is fair for the quality of the business. CBA remains the dominant banking franchise in Australia, with strong earnings power, a reliable deposit base, and a long track record of navigating different economic cycles.

For long-term investors, I think it remains one of the most dependable ASX shares to own.

The post Should I buy, hold, or sell CBA shares in July? appeared first on The Motley Fool Australia.

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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.

CSL Ltd (ASX: CSL) has endured one of the most turbulent periods in its recent history. CSL shares are up around 25% over the past month, but still sit roughly 51% lower over the past 12 months.

That sharp rebound raises an obvious question: is this the start of a recovery—or just a temporary relief rally in a longer downtrend?

How did we get here?

Not long ago, CSL shares were viewed as one of the most reliable compounders on the ASX. It built its reputation on steady earnings growth, dominant global positions in plasma-derived therapies, and a track record of rewarding long-term shareholders.

But sentiment has shifted sharply. A combination of earnings downgrades, leadership transition, and roughly US$5 billion in non-cash impairments tied to the CSL Vifor acquisition has weighed heavily on confidence.

The result has been a share price collapse of more than 50% over the past year.

A strong business under pressure

Despite the price weakness of CSL shares, the underlying business remains highly defensive.

CSL is still the world’s second-largest plasma-derived therapies company. It operates in an industry with high barriers to entry, strict regulatory requirements, and long-established supply chains. These structural advantages are not easily replicated, even by well-funded competitors.

CSL’s latest update offered a clearer picture of current conditions. The company now expects FY26 revenue of approximately US$15.2 billion and underlying net profit after tax and amortisation (NPATA) of around US$3.1 billion, on a constant currency basis.

While these figures reflect continued growth, they also highlight near-term margin pressure and execution challenges.

The key pressure point

The biggest issue remains the US immunoglobulin business within CSL Behring. Demand continues to grow at a healthy mid-to-high single-digit rate, which is broadly in line with expectations.

However, supply constraints and pricing dynamics mean the healthcare company is not fully capturing that demand growth in real time. That timing mismatch has weighed on earnings momentum and investor sentiment on CSL shares.

What do analysts think?

Broker views are split. Morgans remains constructive on CSL shares, retaining a buy rating with a price target of $147.59, implying around 25% upside from current levels.

The team at Macquarie Group Ltd (ASX: MQG), however, is more cautious. It has a lower price target of $114 and maintains a neutral stance, citing uncertainty across CSL’s core plasma and albumin businesses, as well as ongoing competitive pressures.

Foolish takeaway

The debate now centres on timing rather than business quality. CSL remains a dominant global healthcare franchise with long-term structural advantages. But near-term earnings visibility is unclear, and investors may need patience before a sustained recovery takes hold.

Management has pointed to FY27 as a key inflection point. This is supported by leadership changes and expected improvements in the Behring division. For now, CSL sits in an awkward middle ground: a high-quality business going through a difficult reset.

Whether the recent rally of CSL shares marks the beginning of recovery—or just another bounce in a downtrend—will likely depend on what FY27 delivers.

The post CSL shares are up 25%: is it time to buy, hold or sell? appeared first on The Motley Fool Australia.

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• Australia’s biggest ASX shares: The heroes and villains of 2026

Motley Fool contributor Marc Van Dinther 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 CSL and Macquarie Group. The Motley Fool Australia has recommended CSL and Macquarie Group. 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 rose 2.77% and delivered total returns, including dividends, of 7% in FY26. 

The benchmark index hit a record 9,202.9 points on 26 February before finishing the year at 8,778.7 points on 30 June.

There are 11 market sectors within the ASX 200.

In this article, we name the top-performing shares by capital growth in each market sector. 

No. 1 shares of the ASX 200 market sectors 

These were the No.1 shares of each market sector based on 12-month share price growth (excluding dividends).

We have listed the sectors from strongest to weakest.

Six of the 11 sectors declined in value last year. 

Materials

The ASX 200 materials sector was the best performer by far. 

The S&P/ASX 200 Materials Index (ASX: XMJ) soared 47.48% and produced total returns of 52.11% in FY26. 

Australia is in the midst of a new mining boom with five key factors driving a new commodities supercycle.

The green energy transition, artificial intelligence (AI) build-out, and central banks diversifying their reserves with gold drove strong commodity price rises in FY26.

The best performing share within the ASX 200 materials sector was gold explorer, Minerals 260 Ltd (ASX: MI6).

The Minerals 260 share price ripped 508% to finish at 73 cents per share on 30 June. 

Consumer Staples

The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) rose 10.09% and delivered total returns of 13.72%. 

Woolworths Group Ltd (ASX: WOW) was the top-performing consumer staples share of the year.

The Woolworths share price rose 28.67% to $40.03 in FY26.

Energy

The S&P/ASX 200 Energy Index (ASX: XEJ) rose 9.37% and delivered total gross returns of 14.51%.

ASX 200 coal  producer New Hope Corporation Ltd (ASX: NHC) recorded the strongest share price growth.

New Hope Corporation shares increased 44.32% to finish the year at $5.34 per share.

Utilities

The S&P/ASX 200 Utilities Index (ASX: XUJ) rose 5.89% and delivered a total return of 11.87%.

Energy infrastructure company APA Group (ASX: APA) was the best performer of the utilities sector. 

The APA Group share price ascended 24.11% to finish FY26 at $10.14.  

Industrials

The S&P/ASX 200 Industrials Index (ASX: XNJ) edged 1.69% higher and produced total returns of 5.24%.

ASX 200 defence share Electro Optic Systems Holdings Ltd (ASX: EOS) recorded the highest capital growth.

The Electro Optic Systems share price soared 261% to finish the year at $10.30. 

Financials

The S&P/ASX 200 Financials Index (ASX: XFJ) fell 1.89% in value, but dividends lifted the total return into the green at 1.69%. 

New Zealand-based infrastructure investment company, Infratil Ltd (ASX: IFT) was the best performer of the financials sector.

The Infratil share price lifted 28.8% to finish the year at $12.61.

Consumer discretionary

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) fell 3.56% and produced a total negative return of 1.21%.

The Eagers Automotive Ltd (ASX: APE) share price experienced the most growth in the consumer discretionary sector. 

The Eagers Automotive share price rose 21.83% to finish the year at $21.26. 

Real estate & REITs

The S&P/ASX 200 Real Estate Index (ASX: XPJ) dropped 5.32% and delivered a total negative return of 2.24%.

Property fund manager Charter Hall Group (ASX: CHC) outshone its property sector peers.

The ASX real estate investment trust (REIT) rose 19.12% to $22.66 on 30 June. 

Communications

The S&P/ASX 200 Communications Index (ASX: XTJ) tanked 12.4% and delivered a negative total return of 9.41%.

Telco stock Aussie Broadband Ltd (ASX: ABB) rose the most in FY26. 

The Aussie Broadband share price ripped 26.09% to $4.93 on 30 June.

Technology

The S&P/ASX 200 Information Technology Index (ASX: XIJ) dove 37.22%, with a total negative return of 36.97% in FY26. 

Codan Ltd (ASX: CDA) shares outperformed in the technology sector last year.

The Codan share price screamed 119.49% higher to $44.14 on 30 June.

Healthcare

Healthcare was the worst-performing sector of FY26.

The S&P/ASX 200 Health Care Index (ASX: XHJ) tumbled 37.4% and delivered a negative total return of 36.15%.

The 4DMedical Ltd (ASX: 4DX) share price was absolutely unstoppable in FY26. 

Shares in 4DMedical skyrocketed 1,786% to $4.53 on 30 June. 

The respiratory imaging tech company was not only the shining star of the healthcare sector.

It was also the No. 1 stock for capital growth overall in FY26.

 

The post Top ASX 200 share of each market sector in FY26 appeared first on The Motley Fool Australia.

More reading

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• How to get started with a portfolio delivering $500 a week in passive income
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• 5 best-performing ASX 200 shares of FY26

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

Woodside Energy Group Ltd (ASX: WDS) shares closed in the red on Thursday afternoon.

The shares ended the day down 1.3% at $28.03 a piece.

It looks like the latest decline is a mix of oil price weakness and an overall sentiment slump across the sector.

The oil and gas giant’s shares are now down around 22% from a three-year high of $35.80, recorded in early-April this year.

But thanks to a strong rally earlier in the year, the shares are still around 18% higher than 12 months ago.

For context, the S&P/ASX 200 Index (ASX: XJO) is around 1.5% higher than 12 months ago, at the time of writing.

So, if I invested $5,000 in Woodside shares 6 months ago, what would they be worth now?

On the first day of trading in 2026, Woodside shares sold for $32.82 a piece. That’s around 18% lower than the share price at the time of writing.

That means, if you’d invested $5,000 in Woodside shares on the first day of trading in 2026, you’d be sitting on closer to $5,900 today.

Can the oil and gas giant’s shares keep climbing?

The experts are divided about the outlook for Woodside shares over the next 12 months.

Market Index data shows that most brokers have a buy rating on the shares. The average $22.19 target price implies a potential 17% upside at the time of writing.

Analysts on TradingView are more reserved. Out of 14 analysts, half have a hold rating, another five have a buy or strong buy rating and two rate Woodside shares as a sell or strong sell.

The $32.81 average target price implies a potential 17% upside, at the time of writing. But some are very bullish and think Woodside shares could rocket another 63% to $45.42 over the next 12 months.

Fairmont Equities has a buy rating on the ASX energy share. The broker believes that Woodside’s shares have been oversold recently, creating a buying opportunity for investors. It expects tighter crude oil supplies to lead to higher prices moving forward. And as the biggest oil stock on the ASX, Woodside is expected to attract investors when sentiment around the oil price starts shifting.

Niv Dagan from Peak Asset Management has a hold rating on the stock. Dagan said that while the energy giant continues to execute strongly, quarterly production has been affected by seasonal weather events.

Mark Gardner from MPC Markets is more bullish and has a buy rating on Woodside shares. He doesn’t think the market is fully pricing in the production uplift from the company’s major growth projects.  

 

The post $5,000 invested in Woodside shares 6 months ago is now worth… appeared first on The Motley Fool Australia.

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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.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 team at Bell Potter has provided updated guidance on one of Australia’s most popular defensive shares: Telstra Group Ltd (ASX: TLS). 

Why Telstra shares are in so many portfolios

Telstra is Australia’s largest and longest-running provider of telecommunications and information products and services. 

As one of the largest listed companies on the ASX, the telecommunications and information service provider also has a presence in 20 countries around the globe.

Its market dominance provides a defensive option for many investors, while also having a strong track record of paying healthy dividends.

These characteristics have helped Telstra shares climb 6% in 2026, while much of the ASX 200 has lagged amid global headwinds and inflation fears.

So is it a buy, hold or sell according to Bell Potter?

Here is what the broker is saying. 

Under the microscope

Bell Potter has updated its forecasts before the end of the financial year.

The changes reflect:

• Higher mobile plan prices introduced in early May.
• Higher NBN broadband prices for home and small business customers from 1 July.
• Growing competition from Starlink, especially in regional and remote Australia.
• More certainty about Telstra’s share buyback, which affects the number of shares on issue.

Bell Potter slightly increased its revenue forecasts (by less than 1%) to reflect Telstra’s recent price rises, but trimmed its underlying EBITDAaL profit forecasts by around 1% for FY26–FY28, as higher costs and increasing competition are expected to offset much of the additional revenue.

Overall, Telstra’s recent price increases should modestly boost revenue, but stronger competition (particularly from Starlink) and other factors slightly reduce profit expectations. 

Bell Potter still expects Telstra to deliver on its guidance and maintain its dividend.

Hold recommendation maintained

Based on this guidance, Bell Potter has a hold recommendation on Telstra shares along with a $5.10 price target. 

This target indicates that Telstra shares are currently trading close to fair value. 

We expect little if any surprises at the upcoming result so the focus shifts to the FY27 guidance and outlook. We and the market continue to forecast mid to high single digit growth in the key metrics of underlying EBITDAaL, cash EBIT and EPS.

Bell Potter said the key focus, therefore, is more likely to be on capital management and, in particular, whether any further share buy-back is announced. 

Telstra has already flagged growing dividends as part of its Capital Management Framework but there is perhaps some question over whether it can continue to fund share buy-backs consistent with the levels of the past two years.

The post What is Bell Potter’s updated view on Telstra shares? appeared first on The Motley Fool Australia.

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

On Monday, the S&P/ASX 200 Index (ASX: XJO) had a strong start to the week. The benchmark index rose 0.7% to 8,823.4 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to rise

The Australian share market looks set to rise again on Tuesday following a good night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 10 points or 0.1% higher. In late trade in the United States, the Dow Jones is up 0.6%, the S&P 500 is up 1.15%, and the Nasdaq has stormed 2% higher.

Telstra shares rated as a hold

Telstra Group Ltd (ASX: TLS) shares are fully valued according to the team at Bell Potter. This morning, the broker has retained its hold rating and $5.10 price target on the telco giant’s shares, which is a touch below its current share price. The broker isn’t expecting any surprises in August, saying: “We expect little if any surprises at the upcoming result so the focus shifts to the FY27 guidance and outlook. We and the market continue to forecast mid to high single digit growth in the key metrics of underlying EBITDAaL, cash EBIT and EPS – consistent with the Connected Future 30 strategy – so, again, we see little prospect of surprise in the guidance.”

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a decent session after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.9% to US$70.51 a barrel and the Brent crude oil price is up 1.2% to US$72.85 a barrel. Traders were bidding oil higher despite easing US-Iran tensions. They may have doubts that peace talks will hold.

Gold price tumbles

It could be a tough session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.7% to US$4,026.1 an ounce. Concerns over rising inflation and potential interest rate hikes weighed on the precious metal.

Consumer shares to buy

Bell Potter has named the consumer shares to buy in a difficult operating environment. They are JB Hi-Fi Ltd (ASX: JBH), Universal Store Holdings Ltd (ASX: UNI), and Nick Scali Limited (ASX: NCK). Commenting on its picks, the broker said: “We continue to favour our key preferences, JBH, UNI and NCK considering their market position, gross margin levers and balance sheet strength vs current valuation.”

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

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Motley Fool contributor James Mickleboro has positions in Universal Store. 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 Telstra Group. The Motley Fool Australia has recommended Nick Scali and Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Age pension eligibility criteria will change tomorrow, potentially enabling more Australians to access this social support.

Seniors will be able to earn a bit more income, and hold a higher value of assets, while still qualifying for the age pension.

The Department of Social Services announced indexation changes to the pension’s means testing last week.

That means the thresholds for the pension’s assets test and income test are going up.

Indexation occurs twice per year to mitigate the effect of inflation.

Australians born on or after 1 January 1957 can apply for the pension at age 67, whether retired or not.

Here are the details of the changes, effective tomorrow, 1 July.

Pension means testing on assets

Assessable items for the pension assets test include ASX shares, superannuation, bonds, managed funds, rental properties, and cash.

The only exception is your personal residence.

Under the changes, single homeowners will be able to own up to $333,000 in assets and still qualify for a full pension.

If you own assets worth between $333,001 and $733,500, you will qualify for a part-payment.

Single seniors who rent their homes will be able to own up to $600,000 in assets and still qualify for the full pension.

If you own assets worth between $600,001 and $1,000,500, you will be eligible for a part-pension.

Couples who own their residence will be able to have up to $499,000 in other assets while still being eligible for the full age pension.

If you have assets worth between $499,001 and $1,102,50, you will qualify for a part-payment.

Senior couples who rent their homes will be able to own up to $766,000 in assets and still be eligible for the full age pension.

Renters with assets worth between $766,001 and $1,369,500 can apply for a part-payment.

The full age pension is $1,200.90 per fortnight for singles, and $905.20 per person, per fortnight, for couples.

Means testing on income

Under the changes, senior Australians will be able to earn a bit more from tomorrow while still being eligible for the age pension.

Single seniors will be able to earn up to $226 per fortnight and still qualify for the full age pension.

If you earn between $227 and $2,627.80 per fortnight, you can apply for a part-pension.

Couples will be able to earn up to $396 per fortnight and still qualify for the full age pension.

If you earn between $397 and $4,016.80 per fortnight, you will be eligible for a part-pension.

Assessable income includes wages and investment income.

In order to calculate investment income, Centrelink relies on generous set deeming rates.

The lower deeming rate is 1.25% and the upper deeming rate is 3.25%.

The asset value threshold is increasing to $66,800 for singles and $110,600 for couples.

This means the first $66,800 of your financial assets, or $110,600 for couples, will have a 1.25% deemed rate of interest.

Everything above that will be deemed to have earned 3.25% interest.

Investment properties are the only exception to deeming rules.

Instead, actual net rental income is used in the pension income test.

As we reported last week, Australians overestimate how much they need for a comfortable retirement by 40%.

The post You can own and earn more in retirement and still get the age pension from tomorrow appeared first on The Motley Fool Australia.

More reading

• What is Bell Potter’s updated view on Telstra shares?
• 5 things to watch on the ASX 200 on Tuesday
• 3 super ASX shares that could be too good to ignore in July
• Why I’d buy and hold this growing ASX 200 share forever
• Where to invest $10,000 in ASX shares in July

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 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.

July is firmly on the horizon and I think it could be a good month to refresh the watchlist.

But which shares deserve your attention? Well, listed below are three ASX shares that could be too good to ignore.

Goodman Group (ASX: GMG)

Goodman could be an ASX share to watch in July. The company is best known as an industrial property giant, but that undersells what it has become.

It owns and develops the space that modern businesses need to move goods, hold inventory, serve online customers, and run increasingly complex supply chains.

Goodman’s sites are often close to major cities, transport routes, and customers, which makes them difficult to replace. In property, location still counts. In logistics property, it can be everything.

The company also has exposure to data centre demand with its huge development pipeline, giving it another growth avenue as artificial intelligence and cloud computing require more physical infrastructure.

Goodman shares are rarely cheap, but the company has a strong record of turning land, development skill, and customer demand into long-term value.

Megaport Ltd (ASX: MP1)

Megaport could be an ASX technology share to consider in July.

The company is best known for network-as-a-service technology, which helps businesses connect more easily to cloud providers, data centres, and digital services.

But the story is now broader than connectivity alone. Megaport has moved into compute through its acquisition of Latitude.sh, giving it exposure to another important part of the digital infrastructure market.

That shift is exciting because companies do not just need to move data between clouds and data centres. They also need access to flexible computing power in the right locations, particularly as artificial intelligence, gaming, streaming, software, and data-heavy applications keep growing.

Recent material contract wins suggest this side of the business is starting to gain traction, which bodes well for the future.

Netwealth Group Ltd (ASX: NWL)

Netwealth could be a third ASX share to consider buying in July.

It operates an investment platform used by financial advisers and wealth professionals to manage client money.

Its business is tied to a major shift in Australian wealth management. Advisers, investors, and institutions want better technology, cleaner reporting, broader investment menus, and more efficient administration. Netwealth has benefited from that shift by taking market share from older platform providers.

The company also has a powerful tailwind from Australia’s growing pool of retirement savings. As more money moves through superannuation, advice, and investment platforms, providers with strong technology and service can keep winning flows.

If it keeps attracting funds and advisers, the company could continue its growth long into the future.

The post 3 super ASX shares that could be too good to ignore in July appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Goodman Group and Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, Megaport, and Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.