Category: Stock Market

Regardless of what the economic conditions are, it’s wise to back businesses that have some unique competitive advantage.

With interest rate rises starting to depress consumers and businesses, that boost is even more important in 2023.

Shaw and Partners investment advisor Jed Richards this week named two S&P/ASX 200 Index (ASX: XJO) shares he would buy right now — one with a near-monopoly in its industry and the other with a massive portfolio of assets:

‘A good buying opportunity’ for market leader

Amid all the talk about ASX shares, one can easily forget that the stock exchange itself is a publicly listed company.

With very little competition for trading volumes in Australia, ASX Ltd (ASX: ASX) is playing in a league of its own.

And the stock is going for dirt cheap at the moment.

“The share price [is] significantly down from its August 2022 highs,” Richards told The Bull.

“This represents a good buying opportunity, as the ASX is a market leader with limited competition.”

ASX Limited shares traded for as much as $93.75 in late 2021, but has cooled off to around the $66 mark after its technology replacement project failed last year.

But from here it’s all gravy for the stock exchange operator.

“Our analysis shows ASX is a high margin business that’s grown earnings at a modest but consistent rate over time,” said Richards.

“We like the recent grossed up dividend yield of about 5% and defensive characteristics in today’s market conditions.”

A retailer undervalued for its real estate

Physical retailers may not be in fashion in modern times, but Richards likes what he sees in Harvey Norman Holdings Limited (ASX: HVN).

But it’s actually not the retailing that’s captured his attention.

“In our view, the market is underestimating the value of Harvey Norman’s property portfolio, which represents a large portion of the company’s entire market capitalisation.”

This anomaly has become more accentuated over the past year as the share price has fallen almost 32%.

Richards urges investors to not be distracted by the latest numbers out of reporting season.

“The recently reported 2023 first half profit was down on the prior corresponding period. However, excess sales during the pandemic skew these numbers,” he said.

“The company is trading on a solid fully franked dividend yield.”

Indeed, Harvey Norman shares are currently handing out a fat dividend yield of 8.2%.

The post ‘High margin business’: Expert names 2 ASX 200 shares to buy now at sharp discount appeared first on The Motley Fool Australia.

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More reading

• I’d target just a handful of ASX shares to aim for a million!
• Buy Macquarie and this high yield ASX dividend share: brokers
• Warren Buffett rakes in $9 billion in annual dividend income. Should I buy ASX dividend shares right now?
• These 3 ASX 300 shares are dividend dynamos!
• Gerry Harvey just bought $8 million worth of Harvey Norman shares. Should you buy?

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

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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a day deep in the red. The benchmark index fell 1.4% to 6,898.5 points.

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

ASX 200 expected to rebound

The Australian share market looks set to rebound on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 50 points or 0.7% higher. In late trade in the United States, the Dow Jones is up 1.15%, the S&P 500 is up 0.8%, and the NASDAQ is up 0.3%.

Oil prices recover

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a better day after oil prices recovered a touch overnight. According to Bloomberg, the WTI crude oil price is up 1.3% to US$67.61 a barrel and the Brent crude oil price is up 1.1% to US$73.79 a barrel. Traders appear to believe that oil prices were oversold.

Telstra rated as a buy

The Telstra Group Ltd (ASX: TLS) share price is great value according to analysts at Goldman Sachs. Following a review of the telecoms sector, the broker has reiterated its buy rating and $4.60 price target on its shares. It commented: “We continue to prefer Telstra (Buy) within the ANZ Telecoms sector, given its defensive low risk earnings (and dividend) growth.”

Gold price edges lower

It could be a softer day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price edged lower overnight. According to CNBC, the spot gold price is down slightly to US$1,987.6 an ounce. Improving risk sentiment appears to have softened demand for the safe haven asset.

Incitec Pivot divestment

The Incitec Pivot Ltd (ASX: IPL) share price will be one to watch after the chemicals company announced the sale of its Waggaman operation in the United States to CF Industries for almost $1.9 billion. As part of the deal, the company has signed a 25-year ammonia supply agreement. The net cash proceeds from the sale are intended to be allocated in line with its capital allocation framework.

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

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Forget term deposits and buy these ASX 200 dividend shares: analysts
• Where I would go hunting for defensive ASX 200 shares with upside
• ASX 200 gold shares are starting the week with a bang. Here’s why

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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.

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Wanting some ASX small caps in your portfolio? If you are, check out the two listed below that brokers rate as buys.

Here’s what the broker is saying about these small caps:

Acrow Formwork and Construction Services Ltd (ASX: ACF)

The first ASX small cap share that could be a buy is Acrow Formwork and Construction Services.

Acrow is a growing provider of engineered formwork, scaffolding, and screen systems solutions to the construction sector.

Morgans likes the company enough to have it on its best ideas list. This is due to its belief that it is well-placed to benefit from growing civil infrastructure activity across the east coast. It also notes its attractive valuation. It said:

ACF is a well-managed business with leverage to growing civil infrastructure activity over the long term, especially on the east coast. Momentum remains strong with two earnings upgrades so far in FY23. We believe the valuation remains attractive (~7x FY24F PE and ~5% yield) with potential positive catalysts from further meaningful contract wins.

The broker has an add rating and 95 cents price target on its shares.

Maas Group Holdings Ltd (ASX: MGH)

Another small cap ASX share to consider buying is Maas. It is a growing construction material, equipment and service provider.

Goldman Sachs is a fan of Maas and believes it could be a top option right now. This is thanks to its ongoing transition, which it believes will support higher quality earnings. It explained:

We believe MGH is in a transition phase and will see higher quality real estate income become the largest source of earnings in the next 3-5 years. We believe the market is mispricing how MGH’s civil and construction capabilities support the property development business to deliver best-in-class margins and asset turnover. In our view the value created through the development of quality annuity revenue from Build-to-Rent (BTR), Land Lease (potentially generating a 4.5x ROIC annuity income stream) and commercial real estate projects could re-rate the stock.

Goldman has a buy rating and $4.00 price target on its shares.

The post Brokers name 2 small cap ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• 6 ASX shares to pounce on from a boom reporting season: Morgans
• The obscure ASX share with 45% upside one small-caps expert is backing right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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I’m sure most of us share the aspiration of having a $1 million ASX share portfolio. The whole reason why we invest in ASX shares is to harness the power of compound interest – it’s a lot easier to get to $1 million by investing in shares than a savings account, after all.

Here at the Fool, we like to encourage investors to build a portfolio of between 15 and 25 different shares. This is important to harness the benefits of diversification. But the reality is that if you make it to a $1 million portfolio, it will probably be only thanks to a handful of shares.

That’s why picking the best companies you can is so important. Different companies can serve different roles in a portfolio.

You might have one share for its defensive, recession-resistant qualities that can protect your capital. You might have another one for high dividend income. A third choice might be a moonshot growth stock that you hope can turn out to be a 100-bagger.

So what kind of qualities should an investor look for in their own investments?

Well, to answer that, let’s turn to one of the greatest investors of all time, Warren Buffett.

Some Buffett wisdom for $1 million of ASX shares

Buffett is a master stock picker. He has had more than 90 years on this planet to hone his craft, and he has certainly done so, turning Berkshire Hathaway Inc into a US$644 billion company over the course of his career.

The lion’s share of Berkshire’s (and thus Buffett’s) returns have only come from a handful of shares though. Buffett said as much in his most recent letter to the shareholders of Berkshire:

In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck …

Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire.

So what does Buffett look for in a winner? Well, luckily, some of his other letters from years gone by paint a pretty detailed picture. Here’s some of what he said in 1993:

Both Coke and Gillette have actually increased their worldwide shares of market in recent years.

The might of their brand names, the attributes of their products, and the strength of their distribution systems give them an enormous competitive advantage, setting up a protective moat around their economic castles.

The average company, in contrast, does battle daily without any such means of protection

He then expanded on this in his letter this following year:

Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph.

We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong.

So there you have it. Of course, finding these Buffett-approved shares is easier said than done. And you also make sure you pay the right price for them.

For example, one of my favourite ASX shares, one that I expect will help me get to $1 million one day, is Washington H. Soul Pattinson And Co Ltd (ASX: SOL). But I am hoping for a cheaper share price to add to my position than what the market is currently asking.

However, there are others that I think look like better value. Those include Adairs Ltd (ASX: ADH), Harvey Norman Holdings Limited (ASX: HVN) and JB Hi-Fi Ltd (ASX: JBH). I hope Buffett would approve.

The post I’d target just a handful of ASX shares to aim for a million! appeared first on The Motley Fool Australia.

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More reading

• Why Adairs, Liontown, Qantas, and Synlait shares are dropping today
• Here are the 10 most shorted ASX shares this week
• Is it a trap? 3 ASX shares with ultra-high dividend yields
• Buy Macquarie and this high yield ASX dividend share: brokers
• 2 ASX 300 shares trading ex-dividend on Monday

Motley Fool contributor Sebastian Bowen has positions in Adairs, Berkshire Hathaway, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs, Berkshire Hathaway, Harvey Norman, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Adairs, Harvey Norman, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Berkshire Hathaway and Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price dropped 2.94% in trading on Monday.

The S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed on Friday trading for $31.94 per share. Shares finished Monday’s session trading at $31 apiece.

It’s not just the Woodside share price that was under pressure today, mind you.

The ASX 200 fell 1.38% today. And energy stocks broadly underperformed, as witnessed by the 3.01% fall in the S&P/ASX 200 Energy Index (ASX: XEJ).

So, what’s going on?

What are ASX 200 energy investors considering?

The Woodside share price slipped amid another retrace in crude oil prices over the weekend.

Brent crude oil is down 0.80%, currently trading for US$71.03 per barrel. That’s the lowest level seen since December 2021.

Oil has had virtually the opposite reaction as gold has to the uncertainty embroiling the global financial sector over the past week and a half, with ASX 200 gold shares rocketing higher today.

Atop the banking crisis – sparked by the collapse of Silicon Valley Bank and the emergency takeover of Credit Suisse by rival UBS – the oil price has been under pressure on several other fronts.

First, investors remain concerned about a potential global recession knocking the stuffing out of energy demand.

Second, Russia has, against all odds, managed to maintain its oil exports despite a range of international sanctions in place to protest its invasion of Ukraine.

What’s next for the Woodside share price?

A range of factors will determine how well, or poorly, the Woodside share price performs over the coming months.

And the oil price will be a key component.

On that front, most analysts continue to forecast significantly higher crude oil prices for the second half of 2023.

Goldman Sachs just revised its own oil forecast down from USS$100 per barrel Brent heading into 2024.

However, the broker still sees Brent crude trading for US$94 per barrel. That 32% upside from current prices would certainly help support Woodsides moving forward.

Woodside share price snapshot

Pressured by falling energy prices, the Woodside share price has dipped into the red, down 1.18% over the past 12 months.

The post Why did the Woodside share price slide today? appeared first on The Motley Fool Australia.

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More reading

• What Goldman Sachs new oil price forecast could mean for ASX 200 oil shares in 2023
• With oil below $75 per barrel, what’s next for the Woodside share price?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 oil stocks are tanking. Is now the time to buy?
• Why Bendigo and Adelaide Bank, BHP, IPH, and Woodside shares are dropping

SVB Financial provides credit and banking services to The Motley Fool. 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 SVB Financial. The Motley Fool Australia has recommended SVB Financial. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) tumbled to its lowest close of 2023 on Monday, falling 1.38% to end the session at 6,898.5 points.

But the news taking the market by storm came from across the seas. Aussies woke up to word that embattled banking giant Credit Suisse will be acquired by rival UBS for around $4.8 billion.

Interestingly, it wasn’t the S&P/ASX 200 Financials Index (ASX: XFJ) leading the Aussie bourse’s falls today. Though, the sector did dump 1.7%.

Instead, it was the S&P/ASX 200 Energy Index (ASX: XEJ) that came in as the index’s worst-performing sector. It plummeted 3% after oil prices ended last week with a fizzle.

Brent crude oil fell 2.3% on Friday to finish last week nearly 12% lower than it started at US$72.97 a barrel. Meanwhile, US Nymex crude oil price dropped 2.4% on Friday to US$66.74 a barrel – marking a 13% week-on-week fall.

But not all was dire on the bourse today. The S&P/ASX 200 Communications Index (ASX: XTJ) lifted 0.4%.

These 10 top-performing ASX 200 stocks also ended the day in the green. Let’s take a look.

Top 10 ASX 200 shares countdown

A strong performance from gold prices, potentially driven by instability alarm bells, likely helped Gold Road Resources Ltd (ASX: GOR) come in as the ASX 200’s top-performing share on Monday.

The stock leapt nearly 11% to close at $1.67, taking the lead from many of its peers.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Gold Road Resources Ltd (ASX: GOR)	$1.67	10.96%
Evolution Mining Ltd (ASX: EVN)	$2.84	10.08%
Perseus Mining Limited (ASX: PRU)	$2.32	9.43%
De Grey Mining Limited (ASX: DEG)	$1.575	9%
Northern Star Resources Ltd (ASX: NST)	$11.82	8.54%
Healius Ltd (ASX: HLS)	$3.01	8.27%
Regis Resources Ltd (ASX: RRL)	$1.89	7.69%
Silver Lake Resources Ltd (ASX: SLR)	$1.155	6.45%
Capricorn Metals Ltd (ASX: CMM)	$4.73	6.29%
Newcrest Mining Ltd (ASX: NCM)	$25.65	5.95%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Where I would go hunting for defensive ASX 200 shares with upside
• Why Breaker, Healius, Northern Star, and Tietto Minerals shares are charging higher
• ASX 200 gold shares are starting the week with a bang. Here’s why
• Why this ASX All Ords healthcare share is defying the market weakness and zooming higher

Motley Fool contributor Brooke Cooper 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.

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Well, it’s been a pretty lousy start to the trading week for ASX shares and the S&P/ASX 200 Index (ASX: XJO) so far this Monday. At the time of writing, the ASX 200 has tumbled yet again. The Index is currently down by another 1.21%, putting it very close to dropping under 6,900 points.

The ASX 200 has now lost more than 6% since 7 March. Ouch.

But rather than letting this set the tone for the week, let’s distract ourselves by instead taking a look at the ASX 200 shares that are at the top of the share market’s trading volume charts at present, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

First up this Monday is the ASX 200 lithium share Pilbara Minerals. So far today, a notable 14.96 million PIlbara shares have traded owners on the ASX. There’s been no fresh news out of Pilbara itself that might explain this volume. So let’s turn to the Pilbara share price itself for a possible explanation here. Indeed, Pilbara has had a big day, and not in a good way.

This lithium leader is currently nursing a painful 4.63% loss today, putting the company down to $3.50 a share at present. That’s despite Pilbara initially opening in positive territory this morning and rising as high as $3.71 a share. This volatility and big share price loss are probably why we are seeing so many Pilbara share flying around.

Evolution Mining Ltd (ASX: EVN)

Next up is another miner in ASX 200 gold share Evolution. So far this Monday, a significant 15.94 million Evolution shares have charged across the ASX boards. We have seen some news from this company today. This morning, Evolution informed investors that underground mining and production at its Cowal project has commenced ahead of schedule.

This has presumably combined with a spike in gold prices to lead the Evolution share price to more than 11% higher so far today, with the miner currently asking $2.86 a share. No wonder we are seeing high trading volumes here.

Sayona Mining Ltd (ASX: SYA)

Another ASX 200 lithium share rounds out our list today in Sayona. So far this session, a whopping 29.35 million Sayona shares have been bought and sold. This looks like a very similar situation to that of Pilbara. Despite no fresh news out today, Sayona shares have still had a shocker.

The miner is presently down by a nasty 5.91% at 21 cents each, despite a positive open this morning. With a fall of that size, it’s no surprise to see a boatload of Sayona shares trading on the share market.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Buy these ASX growth shares this week: experts
• Where I would go hunting for defensive ASX 200 shares with upside
• ASX 200 gold shares are starting the week with a bang. Here’s why
• AMP share price dips despite $337m sale win
• Why I’d be happy to invest in these ASX 200 bank shares today

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.

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S&P/ASX 200 Index (ASX: XJO) oil shares are broadly trailing the benchmark index today.

At the time of writing, the ASX 200 is down 1.23%.

As for the big oil and gas stocks, the Santos Ltd (ASX: STO) share price has dropped 2.53% while Woodside Energy Group Ltd (ASX: WDS) shares are currently down 3.07%.

This comes amid another leg down for the oil price over the weekend.

On Friday, Brent crude oil was trading for US$74.70 per barrel. Today that same barrel is worth US$72.91, down 2.4%.

ASX 200 oil shares, as you’d expect, are greatly impacted by the price of the black gold they pump from the ground.

And the past few weeks haven’t been kind to global oil prices, which have been hammered to 15-month lows in the wake of a series of banking collapses in the United States and Europe.

Which brings us to the latest crude oil price forecast from Goldman Sachs.

Where to now for ASX 200 oil shares?

Goldman Sachs had been forecasting Brent crude prices to rise to US$100 per barrel towards the latter half of 2023.

But with the recent bank turmoil and sharp retrace in crude prices, the broker has scaled back that prediction.

“Oil prices have plunged despite the China demand boom given banking stress, recession fears, and an exodus of investor flows,” Goldman stated (courtesy of Bloomberg).

”Historically, after such scarring events, positioning and prices recover only gradually, especially long-dated prices.” 

Goldman Sachs’ analysts are now forecasting that Brent crude will hit US$94 per barrel over the coming 12 months and US$97 per barrel in the second half of 2024.

While that’s a significant downward revision, the broker still expects the oil price to increase by some 29% over the year. Which should offer ASX 200 oil shares some heady tailwinds.

Santos and Woodside share price snapshots

With the oil price in retreat in retreat in 2023, both ASX 200 oil shares have dipped into the red in the new year.

As you can see in the charts below, the Santos share price is down just over 5% since the closing bell on 31 December while Woodside shares have fallen 12.3%.

But if Brent crude prices rebound to US$94 per barrel as Goldman Sachs expects, the story could be quite different come Christmas time.

The post What Goldman Sachs new oil price forecast could mean for ASX 200 oil shares in 2023 appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• With oil below $75 per barrel, what’s next for the Woodside share price?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 oil stocks are tanking. Is now the time to buy?
• Why Bendigo and Adelaide Bank, BHP, IPH, and Woodside shares are dropping

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 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.

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Are you looking for some ASX 200 shares to add to your retirement portfolio?

If you are, then the shares listed below could be top options in the current environment.

Transurban Group (ASX: TCL)

Transurban could be an ASX 200 share to buy for a retirement portfolio. It is a toll road operator with a portfolio of important roads across Australia and the United States. This includes CityLink in Melbourne, the Logan Motorway in Brisbane, and WestConnex in Sydney.

Transurban has been tipped to grow its earnings and dividend at a solid rate over the medium term thanks to population growth, urbanisation, and the time savings its roads offer. In respect to the latter, Transurban estimates that customers using its roads saved a total of 323,000 hours of travel time each workday in FY 2022.

Citi is positive on the ASX 200 share and has a buy rating and $16.00 price target on its shares.

In respect to dividends, the broker is expecting the company to pay dividends of 58 cents per share in FY 2023 and 60 cents per share in FY 2024. Based on the current Transurban share price of $14.09, this represents yields of 4.1% and 4.2%, respectively.

Woolworths Limited (ASX: WOW)

Another ASX 200 share that could be a top option for a retirement portfolio is Woolworths. It is the retail conglomerate behind the eponymous supermarket chain, Countdown supermarkets in New Zealand, and Big W.

Woolworths has a lot of qualities that you would want from a share in a retirement portfolio. It has defensive qualities, a high quality management team, fully franked dividends, and a positive long-term outlook.

Goldman Sachs is a big fan of the company. It likes Woolworths due to its digital and omni-channel advantage, which it expects to drive further market share and margin gains.

The broker currently has a conviction buy rating and $41.00 price target on the company’s shares. Its analysts are also forecasting fully franked dividend yields of approximately 3% in the coming years.

The post Experts name 2 high quality ASX 200 shares to buy for your retirement portfolio appeared first on The Motley Fool Australia.

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More reading

• Where I would go hunting for defensive ASX 200 shares with upside
• Top brokers name 3 ASX shares to buy next week
• Buy these ASX dividend shares next week: analysts
• Leading brokers name 3 ASX shares to buy today
• Should I buy Woolworths shares at $37?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Investors looking for ASX growth shares to buy might want to look at the three listed below.

These shares have been named as buys and tipped to climb meaningfully from current levels. Here’s what you need to know:

Pilbara Minerals Ltd (ASX: PLS)

This first ASX growth share to buy could be Pilbara Minerals. It is one of the world’s leading lithium miners with a collection of high quality assets that are generating significant free cash flow. So much so, the company recently declared its maiden dividend. And while recent pressure on lithium prices has weighed on sentiment, the team at Morgans believe prices could soon benefit from “demand in the Chinese market [increasing] from March onwards.”

Morgans currently has an add rating and $4.70 price target on this lithium miner’s shares.

Readytech Holdings Ltd (ASX: RDY)

Another ASX growth share to buy could be Readytech. It is a leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, employment services, workforce management, government and justice sectors. Goldman Sachs is bullish on the company due to its attractive valuation and exposure to government software. It notes that the latter “has been a pocket of strength and resilience” and expects it to help “deliver mid-teens organic growth at an expanding profit margin through the cycle.”

Goldman has a buy rating and $4.40 price target on its shares.

ResMed Inc. (ASX: RMD)

A final ASX growth share to buy could be ResMed. It is a medical device company with a focus on the sleep disorder treatment market. Goldman is also bullish on ResMed and believes it is well-placed for growth in the coming years. In fact, its analysts “currently model an EPS CAGR of +11% (FY23-26E), with potential upside depending on how competitive/regulatory dynamics develop.”

Goldman has a buy rating and $38.00 price target on its shares.

The post Buy these ASX growth shares this week: experts appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Buy these ASX growth shares now: analysts
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• The Pilbara Minerals share price has crashed another 20% in a week. Time to buy?
• 7 ASX shares flying under the radar to buy now: Goldman Sachs

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

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