Author: openjargon

National Australia Bank Ltd (ASX: NAB) shares have tumbled again in Thursday afternoon trade.

At the time of writing, the banking giant’s shares are down 1.55% to $36.29 a piece. 

Today’s slide means the shares have shed over 26% of their value since peaking at an all-time high of $49.10 in late February.

Over the past month alone, the shares have fallen 19%. For the year to date, they’re down 14%, but they’re still marginally higher (0.6%) than this time last year.

Why are NAB shares tumbling?

In February, NAB reported stronger-than-expected profits in its first quarter FY26 earnings results. The banking giant revealed a 15% hike in its cash earnings and a 6% increase in revenue. Investors were clearly pleased with the result.

The bank’s latest half-year FY26 results were a different story. Despite posting a modest earnings growth earlier this month, including a 6.4% increase in underlying profit and a 3.1% increase in revenue, the share price sell-off accelerated. Despite the solid result, it was a miss compared to expectations, and investors reacted negatively.

It isn’t just company-specific headwinds affecting the bank’s shares either. 

Broad bank-sector pressure and concerns about global volatility, higher interest rates, and a slowdown in lending have taken their toll on the Australian banking sector. 

Further fears about rising climbing loan arrears, housing-market policy changes, and slower economic growth have also dampened ASX bank shares across the board.

There isn’t any price-sensitive news out of the banking giant this week to explain the latest sell-off, so it’s most likely a continued decline in sentiment off the back of the bank’s results announcement last week. 

Are the shares a buy, sell, or a hold?

Sentiment around the ASX bank sector has been depressed this year, and analyst sentiment has been pretty bearish on most of the major bank stocks.

But it looks like the attitude towards NAB shares could finally be shifting, and some analysts are beginning to upgrade their ratings on the banking giant’s shares.

TradingView data shows that eight out of 16 analysts have a hold rating on NAB shares. Another six have a sell or strong sell rating, and rate the shares as a strong buy. This is an improvement from just two weeks ago, when the majority had a sell or strong sell rating.

At the time of writing, the $38.40 average 12-month target price implies a potential 6% upside. Meanwhile, the maximum $48.50 target price suggests that NAB shares could climb 34% over the next year.

UBS renewed its buy rating on NAB shares with a $48.50 target this week.

Last week, Morgans also upgraded NAB shares from a sell to a trim rating and lifted its target price by 4% to $26.10. The team said the bank’s first-half FY26 earnings “were a mixed bag and a touch below expectations”.

The post NAB shares slump 26% from their peak: Buy, sell or hold? appeared first on The Motley Fool Australia.

More reading

• 9 ASX 200 shares with renewed buy calls from the experts this week
• Why the big four banks could keep delivering for income investors
• How much do I need to invest in ASX shares for $500 a month of passive income?
• How Chalmers’ budget tips the scales for ASX 200 dividend shares like Stockland and NAB
• Why the ASX 200 is being smashed 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.

S&P/ASX 200 Index (ASX: XJO) shares are down 0.3% to 8,608.1 points on Thursday.

Meanwhile, three experts give us their views on three ASX 200 shares.

Let’s check them out.

Bega Cheese Ltd (ASX: BGA)

The Bega Cheese share price is $5.22, up 0.1% today and down 14% in the year to date (YTD).

Pac Partners has a buy rating on this ASX consumer staples share with a 12-month price target of $7.50.

This implies potential upside of 44% ahead.

In a new note, the broker said:

Bega Group Limited (ASX:BGA) is a great Australian food company with a scalable platform of #1 and #2 “better for you” dairy and spread brands.

We rate BGA a Buy for its high 21% average EPS growth to FY’29F with  FY’27F EV/EBITDA multiple of 9.9x at our Price Target of $7.50/share.

The ASX200 trades at a similar multiple with EPS growth of just 5-10%.

Pac Partners expects Bega Cheese to deliver at the high end of its FY26 earnings guidance due to its “earnings resilience in the short term” amid the current global oil shock, and the impact of $110 million spent on high-margin internal growth projects.

Pac Partners said:

Despite higher fuel and fertiliser costs, BGA has maintained 32-38% EPS growth guidance for FY’26F.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is $242.70, up 2.5% today and up 19% YTD.

This week, Morgans maintained its hold rating on the ASX bank share and increased its price target from $223 to $248.

This implies limited share price growth over the next 12 months.

Morgans said:

MQG delivered a very strong FY26 result with NPAT (A$4.8bn) up +30% on the pcp and +8% above company-compiled consensus.

Whilst acknowledging this result was aided by significant volatility in commodity markets that assisted CGM, MQG’s performance was generally strong across the board.

MQG is a quality franchise, and a proven performer, but with <10% upside to our PT, we maintain our Hold call.

Kogan.com (ASX: KGN)

The Kogan share price is $3.43, down 3.4% today and down 8% YTD.

On The Bull, Nathan Lodge from Securities Vault explained his sell rating on the ASX consumer discretionary share.

Lodge said:

The online retailer benefited from pandemic-era demand. Kogan Group statutory revenue was up 5.5 per cent in the first half of 2026 when compared to the prior corresponding period. However, group statutory net profit after tax was down 20.2 per cent.

The company operates in a highly competitive, low-margin retail segment with limited differentiation. Inventory management and discounting cycles have also weighed on profitability in recent periods.

Consumer spending remains under pressure in a high interest rate environment. In our view, the market is unlikely to assign premium multiples given the lack of durable competitive advantages.

The post Buy, hold, sell: Bega Cheese, Kogan, Macquarie shares appeared first on The Motley Fool Australia.

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

Codan Ltd (ASX: CDA) shareholders are already sitting on impressive gains over the past year, but the team at Macquarie has just upgraded its outlook for the company.

Impressive share price performance

The value of Codan has edged over $7 billion this week, with the shares changing hands for $39.95 on Thursday, up 3.6% on the day. The stock has appreciated from lows of $16.56 over the past year.

But Macquarie still has a buy rating on the stock and a bullish share price target, which we’ll get to later.

To understand why Macquarie is positive on the outlook for the company, it pays to understand what Codan does.

It has two main divisions: its Minelab division, which sells metal detectors and is strongly leveraged to the gold price; and the communications division, which specialises in making products for the global military sector.

Drone warfare a big tailwind

Macquarie said in its research note issued this week that the growth in drone use across militaries worldwide was a positive for Codan’s DTC business, which makes the radios that go into drones.

As Macquarie said:

DTC’s UxV radios are mainly used in unmanned aerial vehicles (UAVs), the largest and fastest-growing UxV segment. However, opportunities are expanding across other platforms, including ground (UGV) and marine (USV), broadening the addressable market over time. Recent conflicts in Ukraine and the Middle East have underscored that the future of warfare is increasingly reliant on UxV systems. Lessons from Ukraine are accelerating a global shift towards resilient, military-grade solutions. Additional tailwinds include the push for sovereign capability, ecosystem expansion and platform integration, and a rapidly evolving technology roadmap.

Macquarie said Codan’s BluSDR product had been battle-tested in Ukraine and came with highly attractive features.

Macquarie said defence spending was also on the increase:

Defence budget allocation to UxV systems is growing across almost all defence forces. The US 2027 defence budget plans to triple spending on drones and related tech to ~US$74bn. The Australian Federal budget gave Defence an extra $53bn over the next 10 years, with up to $15 billion spend on UxV.

Codan itself recently issued a business update in which it said the communications division should achieve revenue growth at the upper end of guidance of 15% to 20%.

The company said re Minelab:

Minelab revenue in 2H FY26 to date is tracking ahead of the strong first-half performance. Based on current trading conditions which are being supported by a favourable gold price and recent successful product releases, the Group continues to expect second-half performance to exceed the first half.

Macquarie has upgraded its price target for Codan shares by 5% to $44.20.

The post How high does Macquarie think Codan shares will go? appeared first on The Motley Fool Australia.

More reading

• 4 ASX 200 shares upgraded by brokers this week
• Why Codan, Medallion, Megaport, and Mineral 260 shares are storming higher today
• Why the ASX 200 is being smashed today
• Why this ASX 200 stock is being hammered after hitting record highs
• Up 175% in a year, do experts think it’s time to sell this ASX 200 tech stock?

Motley Fool contributor Cameron England 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. The Motley Fool Australia has positions in and 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 S&P/ASX 200 Index (ASX: XJO) is drifting lower on Thursday, despite some parts of the market holding up.

At the time of writing, the ASX 200 is down 0.20% to 8,612 points.

The move follows a weak session on Wednesday, when heavy selling across the major banks dragged the benchmark lower.

At present, 129 ASX 200 shares are trading lower, while 63 are higher and 8 are unchanged.

Let’s take a closer look.

Most stocks are in the red

Most stocks in the index are falling today, with the benchmark being supported by a handful of heavyweight names.

BHP Group Ltd (ASX: BHP) is up 1.15% to $62.23, while Rio Tinto Ltd (ASX: RIO) is up 1.56% to $191.95.

Fortescue Ltd (ASX: FMG) is also higher, rising 1.91% to $22.99.

The big miners are benefiting from strength in commodity markets, with copper and iron ore stocks still attracting buyers.

Macquarie Group Ltd (ASX: MQG) is also lending a helping hand, rising 2.26% to $242.14.

Weakness spreads beyond the major stocks

Lynas Rare Earths Ltd (ASX: LYC) is one of the weakest links today, falling 7.34% to $18.44.

Xero Ltd (ASX: XRO) is also under pressure, dropping 7.21% to $75.16 after its latest result left investors unimpressed.

Other major fallers include Wisetech Global Ltd (ASX: WTC), REA Group Ltd (ASX: REA), and Pro Medicus Ltd (ASX: PME). They are down 5.16%, 4.30%, and 4.53%, respectively.

Bapcor Ltd (ASX: BAP) is also another weak spot after cutting its FY26 earnings guidance.

CBA steadies after record fall

Commonwealth Bank of Australia (ASX: CBA) is another stock in focus after Wednesday’s record fall.

The bank’s shares are bouncing slightly today, up 0.79% to $154.89.

That follows a painful session during midweek, when CBA shares dropped more than 10% after the bank released its quarterly update.

The bank reported an unaudited quarterly cash profit of $2.7 billion, down 1% on the prior quarter. Investors also concentrated on higher loan impairment expenses and the bank’s stretched valuation.

Foolish Takeaway

A small decline in the index is not too worrying. But when most stocks are trading lower, it shows investors are still cautious and not willing to buy the market more broadly.

That doesn’t mean the ASX 200 is in trouble. It just tells us that the rally needs wider support if it is going to keep pushing higher.

For now, the market is still rewarding strong updates but punishing anything that looks expensive or disappointing.

The post ASX 200 slips as weakness spreads across the board appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd and Pro Medicus. The Motley Fool Australia has positions in and has recommended Macquarie Group, WiseTech Global, and Xero. The Motley Fool Australia has recommended BHP Group and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX All Ordinaries Index (ASX: XAO) shares are down 0.26% to 8,857.9 points on Thursday.

Among the 11 market sectors, financials are in the lead today, up 0.4%, as Commonwealth Bank of Australia (ASX: CBA) shares recover modestly from yesterday’s mammoth 10.3% drop.

The consumer staples sector is the laggard today, down 2.5%, after an explosive Federal Court judgement against Coles Group Ltd (ASX: COL).

ASX All Ords shares have slipped into the red for 2026, and are currently down 2% in the year to date (YTD).

But the experts say some stocks are on a vastly different path.

Here are four ASX All Ords shares with 12-month share price targets from the experts that suggest significant growth ahead.

Life360 Inc (ASX: 360)

The Life360 share price is $18.49, down 1.5% today.

Over the past six months, this ASX All Ords tech share has lost 50% of its market valuation.

The substantial decline came amid a broader tech sector rout that ran from late August to 30 March this year.

Since the turnaround began on 31 March, Life360 shares have risen 1.9%.

Life360 shares are vastly underperforming the S&P/ASX 200 Info Tech Index (ASX: XIJ), which is 12.5% higher since 31 March.

Bell Potter is optimistic on Life360 shares and gives the stock a buy rating.

The broker’s 12-month price target is $32.50, suggesting 76% upside from here.

Helloworld Travel Ltd (ASX: HLO)

Helloworld Travel shares are down 1.4% to $1.43 apiece, and down 25% YTD.

Shaw and Partners has a buy rating on this ASX All Ords travel share with a 12-month target of $2.80.

This implies 95% capital growth ahead.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is $12.74, up 0.2% on Thursday.

This ASX All Ords healthcare share has fallen 33% in 2026 so far amid a broader sector downfall.

The S&P/ASX 200 Health Care Index (ASX: XHJ) is also down 33% YTD as the industry battles many headwinds.

However, Bell Potter is confident that Neuren Pharmaceuticals shares will come back.

The broker has renewed its buy rating with a price target of $22.

This implies 73% capital growth over the next 12 months.

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is $113.86, down 1.6% today and down 27% YTD.

Bell Potter recently reiterated its buy rating on Light & Wonder shares but lowered its price target from $220 to $190.

This still implies impressive potential growth of 67% ahead for the ASX All Ords gaming share.

The post 4 ASX All Ords shares expected to rise 65% to 95% in a year appeared first on The Motley Fool Australia.

More reading

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• Life360 shares rebound 4.5% today: Buy, sell or hold?

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 Life360 and Light & Wonder Inc. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Sentiment can shift quickly in the share market, so it can always be worth staying up to date with what brokers are saying about ASX 200 shares.

With that in mind, let’s look at a number of ASX 200 shares that have been upgraded this week. Here’s what’s happening:

Codan Ltd (ASX: CDA)

The team at Macquarie has upgraded this metal detector manufacturer’s shares to an outperform rating with an increased price target of $44.20. Based on its current share price of $39.67, this implies potential upside of approximately 11.5% for investors.

Macquarie is feeling bullish on the company’s exposure to the booming unmanned aerial vehicle (drone) market.

News Corp (ASX: NWS)

Macquarie has also become positive on media giant News Corp. This week the broker has upgraded News Corp shares to an outperform rating with an improved price target of $46.25. Based on its current share price of $42.16, this implies potential upside of almost 10% over the next 12 months.

The broker believes the media conglomerate is successfully reinforcing the proprietary nature of its data. It highlights that News Corp’s earnings are benefiting as the company executes on content license deals with artificial intelligence (AI) companies.

In addition, Macquarie points out that the ASX 200 share is leaning into AI as a way to generate internal efficiencies.

Inghams Group Ltd (ASX: ING)

The team at Macquarie has been at it again, upgrading this poultry producer’s shares this week.

On Tuesday, Inghams released a trading update which revealed that sales volumes were up 1.1% for the first nine months of FY 2026.

As a result, management has been able to reaffirm its FY 2026 guidance for underlying EBITDA of $180 million to $200 million.

The company’s CEO and managing director, Ed Alexander, commented: “We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.”

In response to the update, Macquarie upgraded the ASX 200 share to a neutral rating (from underperform) with a $1.80 price target. This compares to the current Inghams share price of $1.90.

It also expects a dividend yield of approximately 5.2% over the next 12 months.

Macquarie believes that the company is positioned for growth thanks to better cost of production and improvements across its supply chain.

Elsewhere, Jarden has upgraded Inghams to an overweight rating with a $2.70 price target. Jarden also upgraded Brambles Ltd (ASX: BXB) shares to an overweight rating with a $25.15 price target.

The post 4 ASX 200 shares upgraded by brokers this week appeared first on The Motley Fool Australia.

More reading

• How high does Macquarie think Codan shares will go?
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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 Macquarie Group. The Motley Fool Australia has positions in and 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.

Rio Tinto Ltd (ASX: RIO) shares are continuing their rally on Thursday afternoon. The miner’s shares are up another 1.36% to $191.57 at the time of writing, marking their highest-ever trading price. At one point this morning, the shares reached as high as $192.30 each.

After dipping to a 2026-low of $144.41 in March, Rio Tinto shares have rocketed 32% higher.

The shares are now up 29% for the year to date and are an impressive 59% higher than just 12 months ago.

The latest gains now put Rio Tinto in 8th place on the S&P/ASX 200 Index (ASX: XJO) by market capitalisation, 

What is pushing Rio Tinto shares higher?

Renewed confidence in the outlook for copper and iron ore – the two key commodities that Rio Tinto produces – has acted as a strong tailwind for the miner’s share price recently.

According to Trading Economics data, copper futures climbed to around US$6.6 per pound on Wednesday, hitting fresh all-time highs on stronger Chinese demand and growing supply concerns. 

Strong copper demand is linked to AI data centres, electrification, and renewable energy infrastructure. Meanwhile, on the supply side, disruptions to sulphuric acid availability, linked to the conflict between the US and Iran, raise concerns about tighter global supply.

Meanwhile, iron ore prices have also reached a multi-year high of around US$111.28 per tonne, according to Trading Economics data. The latest trading price represents a 5.6% increase over the past month and a 10% increase from this time last year.

But it’s not only surging prices that have ignited soaring investor sentiment. In April, the miner also posted an impressive production result for the first quarter of FY26.

The copper miner posted a 9% year-on-year increase in copper equivalent production in the first quarter of FY26. Iron ore production in the Pilbara region also jumped 13%, making it the second-best Q1 production since 2018, despite weather disruptions and reduced shipments.

Rio Tinto also said it is focusing on production expansion across its core commodity assets. 

Can the shares keep climbing higher?

The majority of analysts currently hold a buy or strong buy rating on Rio Tinto shares, but after the latest rally, most target prices represent a downside at the time of writing.

Market Index data shows that most brokers have a buy rating on the shares, and the $166.26 average target price implies a potential 13% downside over the next 12 months, based on the share price at the time of writing. However, it’s important to note that the data hasn’t been updated since the 4th of May. Back then, Rio Tinto shares were around $20 less than the current trading price.

TradingView data reflects something similar. Seven out of 15 analysts have a buy or strong buy rating on the shares. Another seven have a hold rating, and one has a strong sell rating on the miner’s stock.

The average $166.35 target price implies a potential 13% downside at the time of writing. Although the maximum $193.78 target price still implies the shares could climb another 1%.

Overall, it’s clear that the long-term outlook for the copper (in particular) and iron ore markets is strong, and Rio Tinto’s production is climbing steadily. 

Some state that Australia is in the early stages of a new mining boom, driven mostly by a transition to green energy. 

If that does come to fruition, I expect Rio Tinto shares could very well keep climbing higher. 

The post Rio Tinto shares hit fresh all-time high. Can they keep going? appeared first on The Motley Fool Australia.

More reading

• Can these ASX shares hitting record highs keep climbing?
• How much do I need to invest in ASX shares for $500 a month of passive income?
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• Why the ASX 200 is being smashed today
• ASX 200 mining shares smash multi-year highs as key commodity prices rise

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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record a small decline. At the time of writing, the benchmark index is down 0.2% to 8,612.8 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Bapcor Ltd (ASX: BAP)

The Bapcor share price is down 19% to 41.7 cents. Investors have been selling this auto parts retailer’s shares following the release of another disappointing update. Bapcor advised that its performance in the second half of FY 2026 has been negatively impacted by the Middle East conflict. As a result, it now expects underlying EBITDA in the range of $144 million to $150 million. This is down from its previous guidance of $150 million to $160 million. Bapcor’s CEO and managing director, Chris Wilesmith, said: “We are pleased with the positive momentum of the turnaround, which has been delivered through decisive actions we’ve taken to improve pricing, stock availability and team engagement. This is despite the challenging external environment which was not contemplated when we began this turnaround, and which has slowed the rate of improvement contemplated in our previous guidance.”

Coles Group Ltd (ASX: COL)

The Coles share price is down 3% to $20.52. This morning, the supermarket giant provided an update on proceedings brought against Coles by the Australian Competition and Consumer Commission. This was in relation to 245 products on the company’s Down Down promotional program between February 2022 and May 2023. While price increases resulting from supplier cost price increases were commercially justifiable, the Federal Court found that Coles misled consumers with its Down Down tickets. It said: “The Court found that, after a cost price increase, a minimum price establishment period of 12 weeks was required before promoting products on its Down Down program. As a result, the Court found the Down Down tickets were misleading.”

Graincorp Ltd (ASX: GNC)

The Graincorp share price is down 14% to $5.34. This has been driven by the agribusiness and processing company’s first-half results. For the six months ended 31 March, GrainCorp reported underlying EBITDA of $136 million. This was down 33% from $202 million in the prior corresponding period. GrainCorp’s managing director and CEO, Robert Spurway, said: “GrainCorp’s 1H26 result reflects a disciplined performance in a challenging global grain market. Oversupply of grain and associated low pricing have compressed margins across the supply chain and reduced grower selling activity, limiting available volumes and increasing competition for grain brought to market.”

Xero Ltd (ASX: XRO)

The Xero share price is down 7% to $75.22. This follows the release of the cloud accounting platform provider’s FY 2026 results. Although Xero outperformed on most metrics, its profits were a miss due to higher R&D capitalisation. Outside this, it was another impressive period for Xero, driven partly by a strong performance in the key US market. Xero reported a 31% increase in operating revenue to $2.75 billion, an 18% lift in adjusted EBITDA to $757.4 million, and a 37% jump in annualised monthly recurring revenue (AMRR) to $3.27 billion.

The post Why Bapcor, Coles, Graincorp, and Xero shares are tumbling today appeared first on The Motley Fool Australia.

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

Eagers Automotive Ltd (ASX: APE) and Technology One Ltd (ASX: TNE) shares look well-placed to outperform in the months ahead.

That’s according to Catapult Wealth’s Blake Halligan, who tipped both S&P/ASX 200 Index (ASX: XJO) stocks as buys this week (courtesy of The Bull).

Here’s why.

Should you buy Technology One shares today?

“TNE delivers software-as-a-service (SaaS) solutions to government and business,” Halligan noted.

“The company is emerging as one of the first SaaS names to flag a discrete artificial intelligence revenue stream, embedding AI across all 20 products,” he added.

Summarising his bullishness on Technology One shares, Halligan concluded:

Recent updates point to accelerating momentum. We expect upcoming half year results on May 19 to beat expectations on new customer wins and AI product rollouts. Expansion in the UK remains a key long term growth opportunity.

How the ASX 200 tech stock is embracing AI

On 18 February, Technology One shares closed up 1.1% after the company increased its full-year FY 2026 profit and revenue growth forecasts, noting that AI was driving its confidence in the future.

Commenting on the upgraded guidance, Technology One CEO Ed Chung said:

SaaS+ and our products turbocharged through AI are our not so secret weapons, giving us the confidence to increase PBT growth to 18% to 20%, upgraded from our prior range of 13% to 17%, as well as guiding to ARR growth of 16% to 18%. We are targeting the top end of the guidance range for both PBT and ARR.

Which brings us to…

Eagers Automotive shares eyeing EV sales boost

Atop his buy recommendation for Technology One shares, Halligan also expects Eagers Automotive shares to outperform.

“Eagers is Australia’s largest automotive retailer,” Halligan said. “In recent months, APE has benefited from a sharp uplift in electric vehicle demand, with EV sales across Australia booming in March.”

Explaining his buy recommendation on the ASX 200 stock, Halligan said:

APE posted revenue of $13 billion in full year 2025, up 16.5% on the prior corresponding period. The company grew its share in the new vehicle market to 13.9%, up from 11.5% in full year 2024.

Elevated fuel prices and ongoing dealership acquisitions support increased exposure to APE.

Eagers has also been on the acquisition path.

On 1 April, the company reported that it had acquired Audi Centre Melbourne and Audi Richmond from Zagame Automotive Group, as well as making a 49% investment in east coast-based Grand Motors Group.

Eagers Automotive shares closed up 3.7% on the day.

The post Why Eagers Automotive and Technology One shares just got a big buy call appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 Technology One. The Motley Fool Australia has recommended Eagers Automotive Ltd and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Coles Group Ltd (ASX: COL) share price is down 3.3% to $20.44 after an explosive Federal Court ruling.

The court found Coles misled shoppers on products promoted via its ‘Down Down’ discount program between February 2022 and May 2023.

You can read the full judgement here.

Let’s dig into the details.

Coles share price falls close to 52-week low

The Coles share price traded at an intraday low of $20.32 this morning, not far off its 52-week low of $20.10 set in February, as investors weighed the impact of the court’s ruling.

The Australian Competition and Consumer Commission (ACCC) launched the legal proceedings against Coles in September 2024.

The ACCC alleged that Coles deceived customers by marking 245 products as discounted shortly after their regular prices were materially increased.

The watchdog said Coles raised the prices by at least 15% for a short time before placing them on a ‘Down Down’ promotion.

The ACCC claimed the Down Down prices were higher than, or the same as, the price at which each product had been previously sold before the increase.

Therefore, the ACCC claimed that the discounts were illusory and misleading, and in breach of Australian consumer law.

Coles denied any wrongdoing.

Court findings

The hearing involved an agreed list of 12 sample products from the 245 specified by the ACCC.

Two products were marketed twice on the Down Down program, leading to 14 case studies being considered.

The court found that Coles increased the prices on all 12 items because suppliers had requested a rise to offset higher costs.

In the judgement, Justice Michael O’Bryan said:

… Coles increased the prices in a commercially justifiable manner.

Coles did not select an artificially high ‘Was’ price for the sample products in order to increase the perceived discount on the Down Down ticket.

However, Justice O’Bryan concluded that customers would only view the discounts as genuine if the increased prices had remained in place for a reasonable period before being reduced in a Down Down promotion.

Justice O’Bryan determined that a reasonable period was 12 weeks.

Based on this evaluation, Justice O’Bryan concluded that Coles made misleading representations in 13 of the 14 case studies.

He noted that several products had been marketed at higher prices for just four weeks or less before being discounted.

On that basis, I have concluded that 13 of the 14 Down Down tickets … were misleading because the relevant products were not sold at the ‘Was’ price stated on the ticket for a reasonable period and, as a consequence, the discount represented on the ticket was not genuine.

It follows that … Coles engaged in conduct in trade or commerce that was misleading…

In a short statement, Coles said it was “reviewing the judgement”.

What did the ACCC say?

In a statement, ACCC Chair Gina Cass-Gottlieb said:

The ACCC brought this case in the public interest because we considered that Coles’ pricing practices within its ‘Down Down’ program made it harder for customers to identify genuine value for money while shopping for household essentials.

We had received complaints by consumers about the ‘Down Down’ discounting claims made by Coles.

We understand how important it is for consumers to get value for their supermarket purchases, and decided to take action to test the discounting practices in Court.

This case has increased transparency and accountability in relation to Coles’ Down Down program.

Former ACCC chair, Allan Fels AO, told abc.net.au that the case was “a huge blow to Coles”.

Fels said:

For Coles the damage is immense. There will be substantial fines, a class action for damages, reputational loss for the business.

No penalties or court orders relating to the findings today have yet been set.

The parties will be back in court on 10 June.

The ACCC also launched separate proceedings against Woolworths Group Ltd (ASX: WOW).

The Federal Court has reserved its judgement in that matter.

The post Coles share price ‘down down’ after Federal Court rules shoppers were deceived appeared first on The Motley Fool Australia.

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