Category: Stock Market

  • How much could ResMed shares rise according to Morgans?

    A businessman holds his hand to his wide-open yawning mouth as he closes his eyes and makes a funny face while he gives a wholehearted yawn.

    ResMed Inc (ASX: RMD) shares have fallen by more than 25% over the past year, which begs the question: Is now the time to buy in?

    ResMed shares looking cheap according to analysts

    The analyst team at Morgans has run the ruler over the company, and has a buy recommendation on the stock and a bullish share price target, which we’ll get to shortly.

    The reason the Morgans team had another look at ResMed was because of the company’s recent move to sell its MatrixCare division for US$490 million, with that sale expected to be completed in the first quarter of FY27.

    ResMed said the sale would allow it to focus more strongly on its core business.

    As it said:

    This move reflects Resmed’s 2030 strategy by focusing on high-growth, scalable opportunities in sleep health, breathing health and connected home-based healthcare. The divestiture also strengthens Resmed’s ability to reallocate capital and resources toward innovation, operational scale and long-term value creation across its connected, home-based care ecosystem.

    MatrixCare is a software business focused on “nursing, senior living and long-term care, life planning communities, and home health and hospice care”.

    The Morgans team said they believed the transaction made sense as it would simplify the ResMed business.

    They added:

    Importantly, net proceeds will largely be returned to shareholders via an accelerated share repurchase (ASR), which should substantially offset earnings dilution from both the MatrixCare disposal and the recently completed Noctrix acquisition, while FY26 guidance has been reaffirmed.

    Morgans said MatrixCare, which ResMed acquired for US$750 million in 2018, had been a disappointing acquisition for the company.

    Morgans said:

    During this time, earnings increased from ~US$30m to ~US$55m, implying modest long-term earnings growth. While this reflects poorly on the original acquisition, we believe exiting today is preferable to continuing to allocate capital toward a mature business with limited strategic alignment.

    ResMed target price has been reduced

    Overall, Morgans remains positive on ResMed’s outlook; however, they slightly reduced their price target to $41.72.

    As they said:

    We view RMD’s fundamentals as sound, with consistent execution, strong cash generation and structural growth tailwinds from expanding diagnosis and resupply. We have a BUY rating with a sum of the parts/discounted cash flow target price of $40.97.

    ResMed shares were changing hands for $28.25 on Thursday.

    The company is valued at $40.06 billion and pays an unfranked 1.23% dividend yield.

    ResMed will report its fourth quarter earnings on 6 August.

    The post How much could ResMed shares rise according to Morgans? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    * Returns as of 16 June 2026

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

  • Is this beaten-down ASX software stock hiding a dividend winner?

    Australian dollar notes in the pocket of a man's jeans, symbolising dividends.

    Dividend winners do not usually begin with a dividend cut.

    But that is what makes Jumbo Interactive Ltd (ASX: JIN) an interesting ASX income share to watch.

    The Jumbo Interactive share price remains down more than 25% over the past 12 months, despite recovering from its recent 52-week low of $5.85 to trade back above $7.

    The worst of the sentiment followed a Morgan Stanley downgrade in June. The broker lowered its rating to hold and slashed its 12-month price target from $14.50 to $8.40. Jumbo shares were subsequently whacked by around 17% at one point.

    Yet underneath the negative sentiment sits a profitable, growing business offering a dividend yield of approximately 6% at the time of writing.

    That payout has recently been reduced. However, the decision may strengthen Jumbo’s capacity to deliver more sustainable income over the long term.

    Why cut a healthy dividend?

    Jumbo’s leadership has deliberately lowered the company’s dividend payout ratio following its acquisitions of Dream Car Giveaways in the United Kingdom and Dream Giveaway in the United States.

    That means more cash can remain inside the business to reduce debt and strengthen the balance sheet.

    Income investors may understandably prefer receiving that cash today. However, paying down acquisition debt can reduce financial risk and give Jumbo greater flexibility long term.

    It could also create an interesting future catalyst.

    Should debt fall, earnings continue growing, and the board eventually restore a higher payout ratio, shareholders could benefit from a larger dividend and a potential valuation re-rating.

    There are no guarantees, of course. Yet the current yield of around 6%, before considering franking credits, already looks competitive beside cash investments – even after the temporary payout reduction.

    The underlying business is still growing

    The recent trading update suggests Jumbo’s fundamentals are stronger than its falling share price might imply.

    Management expects FY26 underlying operating earnings (EBITDA) of between $82 million and $85 million. That would represent growth of between 20% and 24%.

    Underlying profits (NPAT) are forecast to rise by between 13% and 18% to between $48 million and $50 million.

    Dream Giveaway US is the standout performer. Jumbo almost doubled its underlying earnings guidance from US$2.7 million to US$3 million to US$5.2 million to US$5.5 million.

    Canadian managed services growth was also upgraded from 20% to 25% to 35% to 45%, supported by new business wins, product investment, and favourable campaign timing.

    The improving performance of these newer operations matters because Jumbo is gradually becoming less dependent on Australian lottery ticket sales.

    Its growing international prize-draw, software platform, and managed services businesses could provide additional earnings streams across the United States, the United Kingdom, and Canada.

    Why dividends may matter more

    Jumbo’s income potential could also attract greater attention following Australia’s capital gains tax reforms.

    From 1 July 2027, the existing 50% CGT discount will be replaced by cost-base indexation and a minimum 30% tax rate on real capital gains. The reforms apply to gains arising after that date.

    Investors should never choose a company solely because of tax changes. Total shareholder returns still depend on the quality of the business, its earnings, valuation, and future prospects.

    However, where capital gains receive less favourable treatment, dependable dividends may become a more valuable component of investor returns.

    What could go wrong?

    The concerns surrounding Jumbo are real.

    Its reseller agreements with the Lottery Corporation Ltd (ASX: TLC) run until 2030, and investors remain uncertain about renewal terms and future margins. The Dream businesses carry integration risk, while regulatory changes could affect the UK prize-draw market.

    Bell Potter has retained its hold rating and set a $7.20 price target, citing ongoing concerns about Australian market share.

    Jumbo is not a smooth-sailing dividend investment. But with earnings growing, international diversification gaining momentum, debt reduction underway, and a yield of around 6%, this beaten-down ASX share could be a hidden dividend winner worth watching.

    The post Is this beaten-down ASX software stock hiding a dividend winner? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Jumbo Interactive right now?

    Before you buy Jumbo Interactive shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Jumbo Interactive wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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

  • AMP expects higher 1H26 earnings on China growth

    two people celebrating good news high five each other while jumping in the air with a city landscape in the background.

    The AMP Ltd (ASX: AMP) share price is in focus after the company flagged an expected underlying net profit after tax (NPAT) of $170–180 million for the first half of 2026, driven by stronger China partnerships and increased investment income.

    What did AMP report?

    • Expected NPAT (underlying) for 1H26: $170–180 million
    • China partnerships contributed approximately $56 million, a 24% increase over 2H25
    • Group investment income added roughly $5 million compared to 1H25, benefiting from higher interest rates
    • Platforms saw a favourable $5 million impact from the North Guarantee
    • Recognition of approximately $13 million in carried interest from asset sales
    • Negative revaluation of about $12 million in ‘Other Partnerships’ sponsor investments

    What else do investors need to know?

    AMP has received a portion of its carried interest tied to the sale of a 51% stake in legacy fund assets previously held by AMP Capital’s International Infrastructure Equity business. The sale, managed by DigitalBridge, delivered $13 million in carried interest recognised in the half-year result.

    There is still potential for further carried interest earnings if the remaining 49% interest is sold, but this remains subject to conditions and regulatory approvals, so nothing is guaranteed at this stage.

    AMP’s full 1H26 results will be released on 6 August 2026, with the company planning to provide more detail on its FY26 outlook at that time.

    What’s next for AMP?

    Investors looking ahead will be waiting on the August results announcement for additional information about AMP’s earnings trajectory and future guidance for full-year 2026. The business will likely update shareholders on carried interest developments and its strategic direction in China and other partnerships.

    With earnings up on stronger investment income and China activity, AMP appears positioned to keep building momentum as market conditions evolve.

    AMP Limited share price snapshot

    Over the past 12 months, AMP shares have risen 21%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

    View Original Announcement

    The post AMP expects higher 1H26 earnings on China growth appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Amp right now?

    Before you buy Amp shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Amp wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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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.

  • Why are AMP shares trading higher today?

    A woman in a red dress holding up a red graph.

    Shares in AMP Ltd (ASX: AMP) spiked sharply in early trade after the company provided a positive earnings update for the first half.

    AMP’s first half will trounce last year’s result

    The financial services company said in a statement to the ASX that it expected underlying net profit to come in at $170 to $180 million.

    This compares to $131 million for the same period last year.

    There were several reasons for the upgrade, including a stronger contribution from AMP’s China business, a favourable investment income contribution, and a one-off contribution from the partial sale of assets in a legacy fund.

    On the latter, AMP had this to say:

    As disclosed on 12 February 2026, AMP’s right to receive carried interest in a legacy fund in which DigitalBridge had sold a 51% interest in remaining assets was subject to certain conditions, including sale of the remaining interest in those assets and regulatory approvals. Further to that announcement, DigitalBridge has chosen to pay a portion of the carried interest to AMP, associated with the sale of the 51% interest, prior to the sale of the remaining interest in the assets. The other sale conditions have been satisfied.

    The sale netted AMP about $13 million, and the company said there was the possibility of further payments in the future.

    AMP said:

    There remains the potential to realise additional carried interest from the sale of the remaining 49% interest in the assets. Entitlement to any further carried interest is subject to conditions, is uncertain and cannot be determined until the sale of the remaining interest.

    AMP also said it would recognise a negative revaluation of $12 million in sponsor investments.

    AMP shares trading strongly

    AMP shares traded as high as $1.89 on the news before settling back to be 2% higher at $1.76.

    Over a one-year period, the stock is up 17.8%.

    AMP also recently completed its $150 million share buyback, which bought back about 99 million shares at an average price of $1.52.

    AMP chair Blair Vernon said re the buyback:

    The completion of this Buyback reflects our disciplined approach to capital management, while maintaining a strong and resilient balance sheet. As we focus on driving momentum in our wealth businesses and delivering strong cash generation, we remain committed to returning surplus capital to shareholders.

    AMP will announce its half-year results on August 6.

    The company is valued at $4.21 billion and is currently paying a 20% franked dividend yield of 2.31%.

    The post Why are AMP shares trading higher today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Amp right now?

    Before you buy Amp shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Amp wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    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 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.

  • 2 ASX mining project developers which could more than triple in value

    Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.

    If you can pick the right companies, buying into ASX mining shares as the company progresses from explorer to miner can be a lucrative way to invest.

    Naturally, picking the right companies to invest in is the key.

    I’ve had a look at the reports coming out of broker Shaw and Partners this week, and there are two companies they think could do extremely well.

    Let’s see who they like.

    Brightstar Resources Ltd (ASX: BTR)

    Brightstar shares have not performed well over the past year, sliding just more than 40% to be changing hands for 32 cents.

    The company in recent days released a new mineral resource estimate for its Sandstone project, saying the amount of gold contained on a measured and indicated resource basis had more than doubled to 1.1 million ounces.

    Overall, the company said it had resources of 4.5 million ounces.

    The company also said drilling was ongoing at Sandstone, with four rigs operating.

    Brightstar Managing Director Alex Rovira said:

    A huge amount of drilling has been completed at the project, so it is encouraging to see the results reflected in this interim MRE update. The result has exceeded expectations for Mineral Resource growth in this first update, with the strategic focus to date on improving the quality of the Mineral Resource ahead of the prefeasibility study and eventual mining development. Importantly, the project now hosts 1.1Moz of Indicated-classified Mineral Resources. This higher confidence is crucial for the delivery of our PFS, and we are targeting further increases in subsequent estimates with drilling underway now at key deposits such as Bull Oak, Indomitable and Two Mile Hill-Shillington.

    Shaw and Partners said the project, “in our view, the project suffers from perceptions of uncertainty”.

    They added:

    Sandstone currently has no mine study, no Reserve and limited measured and indicated resources, at least prior to today. This Resource upgrade could help persuade that Sandstone has a critical mass of gold to justify development.

    Shaw and Partners has a price target of $1.23 on Brightstar shares.  

    Global Lithium Resources Ltd (ASX: GL1)

    Shaw and Partners said GL1’s recent deal to buy a nickel-copper processing plant from IGO Ltd (ASX: IGO)’s Nova division, which it could convert to process lithium ore from its Manna lithium project, was a positive.

    They added:

    The acquisition will accelerate Manna’s development pathway by leveraging Nova’s commissioned infrastructure rather than GL1 having to construct a standalone processing plant. This will well and truly allow GL1 to capture the forecast 2027/28 lift in lithium demand and position GL1 as a near-term producer.

    Shaw and Partners has a price target of $1.75 on GL1 shares compared to 46.5 cents currently.

    The post 2 ASX mining project developers which could more than triple in value appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brightstar Resources Ltd right now?

    Before you buy Brightstar Resources Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Brightstar Resources Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    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 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.

  • How to invest $15,000 for passive income in retirement

    A disabled senior man in wheelchair playing with a pet dog at home.

    ASX stocks are a fantastic place to invest for passive income in retirement. But, I’d only choose investments that I’m confident can provide rewarding and resilient payouts.

    Not every business can be reliable, partly because of the industry they operate in. Miners, for example, are heavily exposed to movements in resources prices – this can lead to large rises and large declines of resource prices (and dividend payouts).

    There are plenty of great dividend options beyond the large ASX blue-chip shares. I’m going to outline two I’d happily invest $15,000 into.

    Rural Funds Group (ASX: RFF)

    I think Rural Funds is one of the leading real estate investment trusts (REITs) for passive income. The business owns a portfolio of farms across the country, including almonds, macadamias, cattle, vineyards, and cropping.

    Having this investment gives Aussies diversification because Rural Funds offers something different to most other ASX dividend shares, and its own portfolio is diversified across various food segments.

    Rural Funds recently took the responsible decision to sell some of its farms to improve its debt position, and this is also expected to improve its adjusted funds from operations (AFFO) – that’s the net rental profit.

    The business’ FY26 payout of 11.73 cents per unit translates into a distribution yield of 5.3%, which I’d describe as a solid starting yield for retirement. It hasn’t ever reduced its cash payout since it started paying more than a decade ago.

    The payout can increase in the future thanks to its built-in rental indexation. Most of the farms have rental increases that are fixed, or linked to inflation, plus market reviews.

    Future Generation Global (ASX: FGG)

    Another ASX stock I want to highlight is the listed investment company (LIC) Future Generation Global, an investment vehicle that gives exposure to the global share market.

    All of the fund managers involved in the LIC work for free so that Future Generation Global can donate 1% of its net assets each year to youth mental charities. The LIC is invested in more than a dozen different funds from different fund managers, giving shareholders exposure to more than 3,000 underlying shares – that’s great diversification!

    The business is able to provide investors with a solid dividend thanks to all of the investment returns it has already made over previous years and continues to make.

    Future Generation Global recently lifted its FY26 interim dividend by 5% year over year, taking its annualised payout to 8.4 cents per share. This translates into a forward grossed-up dividend yield of around 7%, including franking credits, at the time of writing. I think that’s a wonderful yield for people in retirement. The ASX stock has increased its payout each year since FY19, so it has given investors several years of dividend hikes already, and I expect more in the coming years.

    The post How to invest $15,000 for passive income in retirement appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Future Generation Global right now?

    Before you buy Future Generation Global shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Future Generation Global wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Tristan Harrison has positions in Future Generation Global and Rural Funds Group. 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 Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Netwealth delivers record FUA in June 2026 quarter

    Happy shareholders clap and smile as they listen to a company earnings report.

    The Netwealth Group Ltd (ASX: NWL) share price is in focus after the company reported record funds under administration (FUA) of $135.7 billion, up 20% on last year, and strong quarterly inflows of $8.4 billion.

    What did Netwealth report?

    • Total FUA grew 20.3% year-on-year to a record $135.7 billion
    • June quarter custodial FUA inflows of $8.4 billion, up 11% on the prior period
    • Net flows of $3.2 billion for the quarter, supported by new and existing intermediary relationships
    • Record Managed Account funds under management (FUM) of $30.5 billion, up 30% on last year
    • Number of customer accounts increased by 12.4% year-on-year to 182,276
    • EBITDA margin for FY26 expected at approximately 49%

    What else do investors need to know?

    Netwealth reported market conditions improved in the June quarter, contributing $6.7 billion to FUA. While large outflows from a few ultra-high-net-worth clients affected net flows, these accounts have largely stayed on the platform and continue to contribute to total FUA.

    The platform benefited from 75 new intermediary relationships and launched several enhancements, including “Nova”, a generative AI virtual assistant for advisers, new trading features, and upgraded reporting tools. The company also expanded its relationship with Morgan Stanley to provide new platform solutions.

    On the regulatory front, Netwealth progressed its RISE governance program, in line with APRA requirements, and kicked off a project to accelerate product development with technology and AI-driven tools.

    What’s next for Netwealth?

    Netwealth expects to maintain strong profitability and a robust balance sheet. For FY27, the company is targeting FUA net flows between $18 billion and $20 billion—an increase of up to 30%—reflecting ongoing momentum and new growth initiatives.

    The company plans continued investment in technology and expects to maintain a solid EBITDA margin of around 47% in FY27, as growth-focused projects ramp up. Netwealth will announce its full-year FY26 results on 26 August 2026.

    Netwealth share price snapshot

    Over the past 12 months, Netwealth shares have declined 34%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

    View Original Announcement

    The post Netwealth delivers record FUA in June 2026 quarter appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Netwealth Group right now?

    Before you buy Netwealth Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Netwealth Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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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 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. 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.

  • Which ASX oil companies does RBC Capital Markets like amidst more Middle East conflict?

    An oil worker in front of a pumpjack using a tablet.

    The oil price shot up again this week as hostilities between the US and Iran intensified, raising the question of which Australian companies are best-placed to benefit in a high-oil-price environment.

    RBC Capital Markets has this week issued a new research note to its clients, noting that Brent crude rose 23% quarter on quarter to an average of US$96.60 per barrel in the second quarter of 2026.

    Looking further out, the broker has actually downgraded its oil price outlook, now expecting Brent to fetch US$80.07 for 2026, down from US$90.99, and US$75.75 per barrel in 2027.

    RBC added:

    Our steady state (long-term) Brent oil price remains US$80/bbl, reflecting ongoing collateral damage in the Gulf region and a rising call on barrels globally.

    For comparison, Brent was trading in a range of about US$55 to US$66 per barrel in the six months before the Iran conflict began in late February.

    Australian oil shares in focus

    Looking at Australian producers, RBC said its top pick was Woodside Energy Group Ltd (ASX: WDS), “based on its strong longer-term growth profile, and potential to generate more near-term higher priced gas hub sales and LNG trading volumes due to the Middle East conflict”.

    They added:

    Woodside’s 2Q sales revenue is expected to be supported by higher crude and … commodity pricing, despite production volumes being affected by the Pluto LNG project scheduled turnaround. We expect the volatile pricing environment to create opportunity for relatively high gas hub sales and LNG trading volumes quarter on quarter. Woodside’s production growth outlook remains highly attractive, with Scarborough (Pluto LNG T-2) on stream by the end of 2026, followed by Trion oil in 2028 and Louisiana LNG in 2029.

    RBC has a price target of $34.50 on Woodside shares compared to $29.93 currently.

    The broker also expects Santos Ltd (ASX: STO) to outperform, saying the company is poised to deliver meaningful production and free cash flow growth from the second half of 2026, assuming its Pikka and Barossa projects start up well.

    They added:

    Santos 2Q sales revenue growth is supported by higher production volumes from the ramp up of Pikka (full production target 3Q) and Barossa (delayed) and higher commodity pricing more than offsetting slightly lower production volumes at its Cooper Basin and Western Australia gas assets. We expect GLNG LNG sales volume to decline quarter on quarter, and we continue to see GLNG being most at risk from the Domestic Gas Reservation Scheme. Santos free cash flow (FCF) generation has potential to increase materially from 2H 2026. Santos plans to return at least 60% of its all-in FCF to shareholders from 2027.

    RBC has a price target of $8 on Santos shares compared to $7.68 currently.

    The post Which ASX oil companies does RBC Capital Markets like amidst more Middle East conflict? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside Energy Group Ltd right now?

    Before you buy Woodside Energy Group Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside Energy Group Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    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 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.

  • Own Vanguard ASX ETFs? It’s dividend payday!

    Person handing out $50 notes, symbolising ex-dividend date.

    Vanguard will pay final distributions (dividends) for its ASX exchange-traded funds (ETFs) today.

    Here is a summary of the final distributions that investors will receive on Thursday.

    The Vanguard Australian Shares Index ETF (ASX: VAS) will pay a dividend of 48.83 cents per unit.

    Vanguard Australian Shares High Yield ETF (ASX: VHY) will pay 40.65 cents per unit.

    The Vanguard MSCI Australian Small Companies Index ETF (ASX: VSO) will pay 219.69 cents per unit.

    Vanguard Australian Fixed Interest Index ETF (ASX: VAF) will pay a dividend of 53.37 cents per unit.

    The Vanguard Australian Property Securities Index ETF (ASX: VAP) will pay 147.02 cents per unit.

    Vanguard Ethically Conscious Australian Shares ETF (ASX: VETH) will pay 34.38 cents per unit.

    Vanguard MSCI Australian Large Companies Index ETF (ASX: VLC) will pay a dividend of 26.66 cents per unit.

    What about ETFs holding international shares?

    Vanguard MSCI Index International Shares ETF (ASX: VGS) will pay 81.54 cents per unit in dividends.

    The currency-hedged version of VGS, Vanguard MSCI Index International Shares (Hedged) ETF (ASX: VGAD), will pay 293.51 cents per unit.

    The Vanguard MSCI International Small Companies Index ETF (ASX: VISM) will pay 322.63 cents per unit.

    Vanguard S&P 500 US Shares Index ETF (ASX: V500) will pay 11.45 cents per unit.

    Vanguard FTSE Europe Shares ETF (ASX: VEQ) will pay 97.49 cents per unit.

    The Vanguard Diversified High Growth Index ETF (ASX: VDHG) will pay 121.56 cents per unit.

    Vanguard Ethically Conscious International Shares Index ETF (ASX: VESG) will pay 64.40 cents per unit.

    Mega dividends

    The two biggest payers on Vanguard’s mid-year schedule of dividends are as follows.

    Vanguard Global Minimum Volatility Active ETF (ASX: VMIN) is an actively managed ETF invested in about 200 international shares.

    The ETF aims to deliver lower volatility than the FTSE Global All Cap Index (AUD Hedged), before fees.

    VMIN ETF will pay a monster dividend of 377.42 cents per unit.

    This is a quarterly distribution.

    When Vanguard announced its estimated distributions on 26 June, VMIN closed at $64.32 per unit.

    So, this mega dividend amounts to an impressive 5.9% dividend yield for the quarter.

    VMIN’s unit price has since dropped by the dividend amount, as usual, after going ex-dividend on 1 July.

    Vanguard Global Value Equity Active ETF (ASX: VVLU) is also actively managed.

    VVLU targets global value stocks drawn mainly from the FTSE Developed All Cap Index and the Russell 3000 Index.

    VVLU ETF will pay the largest dollar-amount dividend on Vanguard’s schedule at 619.93 cents per unit.

    This is also a quarterly distribution.

    On 26 June, VVLU ETF closed at $83.19 per unit.

    That means today’s distribution provides an even more impressive dividend yield of 7.5%.

    The post Own Vanguard ASX ETFs? It’s dividend payday! appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Vanguard Australian Shares Index ETF right now?

    Before you buy Vanguard Australian Shares Index ETF shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vanguard Australian Shares Index ETF wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Bronwyn Allen has positions in Vanguard Msci Index International Shares ETF. 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 recommended Vanguard Australian Shares High Yield ETF and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • This healthcare stock just jumped 15% and experts are tipping a further 80% rise 

    Doctor checking patient's spine x-ray image.

    ASX healthcare stock EMvision Medical Devices Ltd (ASX: EMV) could be a growth stock about to take off according to a new report from Bell Potter. 

    It soared 15% higher yesterday after the company released its quarterly report. 

    The company is developing portable brain imaging devices to enable faster stroke diagnosis. 

    It is commercialising technology developed from a decade of University of Queensland research. Its flagship emu™ device is designed for hospital use. Additionally, the First Responder device is a helmet-sized scanner for ambulances, aiming to improve stroke diagnosis before patients reach hospital.

    What did the company announce?

    Yesterday, EMvision released its quarterly activities report which included: 

    • Strong balance sheet position maintained, with cash reserves of $17.1m as at 30 June 2026 and $4.6m in non-dilutive funding remaining under current grant programs.
    • Pivotal (Validation) Trial, has surpassed key enrolment milestones, building momentum toward FDA De Novo clearance for EMVision’s emu point-of-care brain scanner. 
    • Successful First Responder aeromedical feasibility and usability study with Royal Flying Doctor Service (RFDS) completed, with flight nurses and patients rating the prototype device favourably in real-world operation.

    Following the results, the team at Bell Potter provided updated guidance on the ASX healthcare stock. 

    Forthcoming engagement with FDA on emu trial

    In its market update, EMV advised it is preparing for a pre-submission (Q-Sub) meeting with the FDA. This will cover the proposed claims and performance thresholds required for its De Novo clearance. 

    Bell Potter said the outcome of the meeting could be meaningful and set a tone for investor sentiment. 

    The primary objective of the pivotal trial is to demonstrate haemorrhage detection sensitivity & specificity at >80%. The inclusion of the ischaemic stroke cohort requires a minor adjustment to the required sample to ensure the sub-cohort meets statistical objectives. Including both types of strokes, is expected to reduce intervention delays and improve patient outcomes, expanding clinical utility from product launch. 

    The broker said this inclusion is expected to push out timelines on the result to well into CY27. 

    However, the recent publication of the emu study provides independent peer-reviewed validation of the AI foundations underpinning the emu Brain Scanner / First Responder.  Publication should serve to build audience awareness and credibility.

    Big upside for ASX healthcare stock 

    Following the update, Bell Potter retained its speculative buy recommendation on this ASX healthcare stock. 

    It also retained its 12 month price target of $3.15.

    From yesterday’s closing price, this indicates a near 80% rise. 

    The first of three feasibility studies has concluded successfully, with the aeromedical study with the RFDS showing the First Responder is intuitive, practical and suited to the specific environment.

    The Mobile Stroke Unit study is near completion and should be reported on in 1Q27, while the road ambulance study is in the planning stage. These studies are expected to lead to a 510(k) submission over the medium term.

    The post This healthcare stock just jumped 15% and experts are tipping a further 80% rise  appeared first on The Motley Fool Australia.

    Should you invest $1,000 in EMVision Medical Devices right now?

    Before you buy EMVision Medical Devices shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and EMVision Medical Devices wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Aaron Bell has positions in EMVision Medical Devices. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended EMVision Medical Devices. 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.