Category: Stock Market

If you’re looking for dividend shares to buy, then the two listed below could be worth checking out.

Both have been named as buys by analysts recently and tipped to provide very attractive yields. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that has been tipped as a buy is footwear and apparel retailer Accent.

It is the owner of a stable of retail brands such as Hype DC, The Athlete’s Foot, Glue, Platypus, Sneaker Lab, and Stylerunner.

This morning, the team at Goldman commented:

AX1’s diversified product exposure includes a number of product categories which we believe are resilient in the current cycle including youth footwear (Platypus, Hype), youth apparel (Glue, Nude Lucy), performance footwear (TAF), and a higher income consumer (Stylerunner).

Goldman is expecting some attractive dividend yields from the company’s shares. It is forecasting fully franked dividends of 10.2 cents per share in FY 2023 and 11.4 cents per share in FY 2024. Based on the current Accent share price of $1.68, this will mean yields of 6.1% and 6.8%, respectively.

The broker also sees plenty of upside for its shares with its buy rating with a $2.20 price target.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that has been named as a buy for income investors is HomeCo Daily Needs.

It is a property investment company with a focus on metro-located, convenience-based assets across neighbourhood retail, large format retail, and health and services.

Morgans explained why it is bullish. It commented:

HDN offers investors an attractive distribution yield which is underpinned by contracted rental income. Sites are also in strategic locations with strong population growth. The portfolio has exposure to ‘last mile’ logistics, as well as a significant land bank with future development potential (38% site coverage with a ~$500m development pipeline).

As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.7 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.30, this will mean dividend yields of 6.4% and 6.7%, respectively.

Morgans has an add rating and $1.56 price target on HomeCo Daily Needs’ shares.

The post Brokers say these top ASX dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Why Accent, Block, Nufarm, and Zip shares are racing higher
• Why is this ASX All Ords retail share rocketing 13% higher today?
• Analysts say these ASX dividend shares are buys
• 2 dirt cheap high yield ASX dividend shares to boost your income: analysts
• Analysts say these ASX dividend shares with 6%+ yields are buys

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 recommended Accent 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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Ask a Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In part three of this edition, we’re rejoined by Romano Sala Tenna, co-founder of Katana Asset Management.

The Motley Fool: 2022 has been a difficult year for many ASX shares. Which sectors are you likely to avoid in the year ahead?

Romano Sala Tenna: At some stage you want to be in a lot of these companies, but I think you don’t want to be in most things at the moment.

We need to get through this period, to where we see the impact of some of the tangible consequences of central bank policy. Interest rates have risen significantly to counter inflation, which is also having its own direct impact. For example, we saw 9% food inflation reported in the September quarter. We also have the effect of the energy crisis and the war in Ukraine, and so forth.

All these things are reducing the disposable income of households. But I think it will be post-Christmas before we see the impact on consumer spending really hit. Interest rates are only just starting to bite now.

All the numbers we’re seeing now are rear-looking. And consumer spending is about 50% of GDP.

MF: How do you see this all playing out on company balance sheets?

RS: Some companies have really been on a debt splurge. Companies have been rewarded for bad acquisitions for the last five years. And good companies have been penalised for maintaining tidy balance sheets.

NextDC Ltd (ASX: NXT), for example, a recent research note from Macquarie highlighted that a 1% increase in interest rates could increase finance costs by 14% and reduce earnings per share by 34%.

A lot of these corporates are heavily geared. And you can’t really pass it on to the consumer, so that hits the bottom line.

We’re going to see those two things, the impact on consumer spending and the impact on corporate profitability, flow through the market. And we haven’t seen that yet.

Whether or not the markets are forward-looking enough to look through that, only time will tell. But I suspect we’ve got another leg down to come in the new year.

You also want to try to avoid your high P/E companies or ‘long duration growth assets’. If cash flows are 10 years out, when you model it back with the higher discount rate, $10 million 10 years out is worth a lot less in today’s dollars.

These are the obvious areas you want to avoid, which really exclude some large chunks of the market.

MF: Some analysts have pointed to ASX bank shares as being able to better weather fast-rising interest rates. What are your thoughts?

RS: Yes, the banking sector gets a lot of margin expansion. But we’re going to see a reduction in volumes, strong competition for consumer deposits coming through, so that’s going to reduce their margins; strong deposit for tier-one mortgages, rise in bad and doubtful debts. All these things are yet to play out.

I think it’s the back half of next year they’ll be worried about these things. But it still means today, it makes it hard to get on board.

MF: So, there’s quite a field of ASX stocks to likely avoid in the short term. Which sectors and ASX stocks do you believe are likely to outperform over the year ahead?

RST: Clearly lithium, EVs and decarbonisation.

So, try to find ways to play this theme. We think that’s got multi-decade timeframes. So if we get it wrong short-term, we’ll get it right over the medium to long term.

For example, our largest holdings are still in the lithium space; we’ve just started to trim a little bit now but we’ve held our nerve in the lithium space, and that’s served us very well.

The two that are currently in our portfolio in size are Mineral Resources Limited (ASX: MIN) and Allkem Ltd (ASX: AKE). We’ve stuck with the ones that have a long history and we understand well, and that make a lot of sense in terms of the metrics that we see.

MF: Aside from the ASX lithium shares, are there other sectors and stocks that look strong in the decarbonisation trend?

Copper is the other major electrification theme we can play in Australia. It’s a bit hard. Despite the importance of copper and despite Australia being the largest resources market, there are really only a handful of copper plays of any quality.

Sandfire Resources Ltd (ASX: SFR) is a highly leveraged play. They’ve got to get through the next six months. They’re not for the faint-hearted. They have to make sure they get their Motheo mine in Botswana up and running. And they’ve also had some issues with power at their MATSA mine in Spain. It’s a company-transforming moment for them. The CEO has left, which always concerns us a little bit, but mind you he’s been there 15 years. But if they execute well, Sandfire has very significant upside from here. But not without risk.

The other way to play copper is with OZ Minerals Limited (ASX: OZL) and to a lesser extent BHP Group Ltd (ASX: BHP).

Secondly, we’re looking at LNG [liquefied natural gas]. We think there’s a structural change underway due to the war in the Ukraine. People aren’t buying gas off Russia anymore. And they need to replace that in the short term. On the way to renewables, you need LNG.

There are some nuances around it. For example, what happens in terms of the gas reservation, if governments overstep the mark.

**

If you missed part one of our interview with Romano Sala Tenna, click here. For part two, click here.

(You can find out more about the Katana Australia Equity Fund here.)

The post 4 ASX 200 shares to play the global decarbonisation theme: fund manager appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• Top ASX dividend shares to buy in November 2022
• Analysts say these ASX growth shares are buys
• Why is the Core Lithium share price having such a top run on Friday?
• 3 ASX 200 lithium shares smashing all-time highs on Friday

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 recommended Macquarie Group Limited. 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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It might be hard to believe after a crazy volatile 2022, but the S&P/ASX 200 Index (ASX: XJO) is still well up since the start of the COVID-19 pandemic. 

However, according to Wilsons equity strategist Rob Crookston, there is one usually reliable sector that’s just gone sideways over that time.

“Since April 2020, the ASX 200 is up 49% [but] the healthcare sector is flat,” he said in a memo to clients.

“We think the next 12 months will be very different from the last, with vital signs improving for the sector.”

As such, the Wilsons team is now overweight on ASX healthcare shares.

“Healthcare offers a number of high-quality companies, with pricing power,” said Crookston.

“Earnings look to be at the start of an upgrade cycle. Valuations look reasonable relative to pre-COVID – the sector could rerate on easing inflation.”

He added healthcare is also the perfect cure for economic slowdowns.

“CY23 could continue to be challenging due to inflation, rate hikes and worries about a recession,” said Crookston.

“Against this backdrop, we think healthcare stocks — which have historically been reliable defensives — can provide a degree of downside protection amidst volatile conditions.”

The memo mentioned three ASX shares that Wilsons are currently targeting:

Dominant player

The team at Wilsons rates Resmed CDI (ASX: RMD) as a buy for its strong position in the market.

“RedMed is the dominant player within the CPAP market, which in our view reflects the superiority of its offering and a history of strong execution from management,” said Crookston.

“The global CPAP market remains significantly under-penetrated. This under-penetration drives typical organic ‘system growth’ of 6-8% pa, which is structurally above healthcare at 2% to 3% pa.”

After a wild up-and-down year, the ResMed share price is now just 3.6% down from where it started 2022.

Larger collection network and higher donor numbers

CSL Limited (ASX: CSL) has multiple tailwinds going for it, reckons Wilsons analysts.

“The market for immunoglobulin products is supply constrained, while underlying demand is highly defensive given IG is used to treat patients with a range of serious immunologic and neurologic diseases,” said Crookston.

“CSL was impacted by lower plasma collections during COVID-19… Collection volumes are recovering and now exceed pre-pandemic levels as fears of the virus have faded and stimulus cheques have dried up.”

The biotechnology giant isn’t just relying on external themes though. Crookston observed that CSL has “invested heavily” in its immunoglobulin collection infrastructure.

“The new Rika Plasma Donation System will allow for the collection of more plasma in less time, increasing throughput by 30%,” he said.

“We expect CSL’s larger collection network, in combination with higher donor numbers and operational efficiencies from new tech, to drive higher IG volumes and margins over the medium-term.”

CSL shares are flat on the year and still have not surpassed the pre-COVID high.

Pre-revenue phase now finished

The third ASX share Wilsons mentioned is less mature than the other two, but perhaps the most exciting in its potential — Telix Pharmaceuticals Ltd (ASX: TLX).

In April this year, the company commercially launched its first-ever approved product, the prostate cancer diagnostic tool Illuccix.

“With proof of product sales now demonstrated, Telix has moved out of the pre-revenue biotech space and into a commercial business with a capacity to meet, and potentially exceed revenue forecasts.”

The Telix share price is down 12.5% year to date but 49% higher since 28 September.

The post 3 ASX shares to buy in a sector ready to explode: expert appeared first on The Motley Fool Australia.

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• Why is the CSL share price smashing the ASX 200 on Thursday?
• Are CSL shares a good buy right now?
• Analysts name 2 excellent ASX 200 shares to buy now
• 2 big name ASX companies ready for a ‘share price recovery’: experts
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Tony Yoo has positions in CSL Ltd., ResMed Inc., and TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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 Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week with a stunning gain. The benchmark index rose a whopping 2.8% to 7,158 points.

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

ASX 200 expected to rise again

The Australian share market looks set to start the week strongly after a good session on Wall Street on Friday night. According to the latest SPI futures, the ASX 200 is expected to open the day 42 points or 0.6% higher this morning. On Wall Street, the Dow Jones was up 0.1%, the S&P 500 rose 0.9%, and the NASDAQ jumped 1.9%.

Oil prices jump

ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a great start to the week after oil prices jumped on Friday night. According to Bloomberg, the WTI crude oil price was up 2.9% to US$88.96 a barrel and the Brent crude oil price rose 2.5% to US$95.99 a barrel. Traders were buying oil after China announced that it was easing some of its COVID curbs.

Flight Centre annual general meeting

The Flight Centre Travel Group Ltd (ASX: FLT) share price will be on watch on Monday when the travel agent giant holds its annual general meeting. Flight Centre is likely to provide a trading update at the event. Investors will finally be able to see if its high level of short interest is justified or not.

Breville named as a buy

The Breville Group Ltd (ASX: BRG) share price could be great value at current levels according to Goldman Sachs. This morning the broker has reiterated its buy rating with a $23.40 price target. The broker commented: “[W]e still see strong growth in BRG with FY22-25e total revenue CAGR of ~9% and NPAT CAGR of ~12%.”

Gold price rises

Gold giants Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price rose again on Friday. According to CNBC, the spot gold price was 0.9% to US$1,769.4 an ounce during the session. A softer US dollar boosted the price of the precious metal.

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

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• Here’s the good oil on what’s coming up for ASX 200 energy shares
• 3 ASX 200 lithium shares smashing all-time highs on Friday
• Here are the 3 most traded ASX 200 shares on Friday
• 4 ASX 200 shares trading ex-dividend next week
• Why are Santos shares missing out on the ASX 200 party today?

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 recommended Flight Centre Travel Group Limited. 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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If you have room in your portfolio for some new additions in November, then you might want to consider the ASX growth shares listed below.

They have recently been named as buys by experts and tipped to climb meaningfully higher from current levels. Here’s what you need to know about them:

Cochlear Limited (ASX: COH)

The first ASX growth share that has been named as a buy is Cochlear. It is one of the world’s leading hearing solutions companies. It has been tipped to continue its growth long into the future thanks to its portfolio of world class products in an industry with high barriers of entry. Particularly given how the industry is benefiting from favourable tailwinds such as ageing populations and a growing middle class.

Goldman Sachs is bullish on Cochlear. Its analysts currently have a buy rating and $247.00 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX growth share that has been named as a buy is IDP Education. It is a language testing and student placement company and a co-owner of the IELTS test. This is the English test that is trusted by more governments, universities, and organisations than any other.

Goldman Sachs is a big fan of the company and is expecting strong underlying system demand to result its rapid earnings growth through to FY 2025. Goldman has a buy rating and $36.00 price target on the company’s shares.

Life360 Inc (ASX: 360)

A final ASX growth share that analysts have tipped as a buy is Life360. It is a technology company that operates in the digital consumer subscription services market, with a focus on products and services for digitally native families. The company’s flagship product is the Life360 app, which has a whopping 40 million+ active users. It offers families features such as communications, driver safety, and location sharing.

Analysts at Bell Potter are very positive on the company. This is due to its huge total addressable market and material cross selling opportunities. Bell Potter has a buy rating and $8.25 price target on its shares.

The post Experts name 3 of the best ASX growth shares to buy in November appeared first on The Motley Fool Australia.

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More reading

• Which are the best ASX 200 shares to buy now for 2023?
• Morgans names 2 fast-growing ASX 200 shares to buy now
• ‘Very bullish’: 3 small-cap ASX shares QVG is loving right now
• 5 reasons I would avoid BrainChip shares at all costs
• Leading fund manager names the 3 ASX stocks that drove its returns higher in October

Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear Ltd., Idp Education Pty Ltd, and Life360, Inc. The Motley Fool Australia has recommended Cochlear Ltd. 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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After a year that absolutely hammered technology stocks, some investors are now starting to go bargain shopping with an eye on a possible turnaround.

Two such S&P/ASX 200 Index (ASX: XJO) shares that seem to be favoured by professional investors are Hub24 Ltd (ASX: HUB) and Altium Limited (ASX: ALU).

Hub24 shares are currently rated as a strong buy by nine out of 13 analysts surveyed on CMC Markets.

“Altium is aiming to achieve US$500 million in revenue by 2026. This will be more than double FY2022’s revenue of US$220.8 million,” wrote The Motley Fool’s James Mickleboro, who reported that Jefferies is “a fan of the company”. 

“It currently has a buy rating and $38.13 price target on its shares.”

The trouble is that many investors are short of cash in turbulent times.

So if you’re tempted by both Hub24 and Altium, which is the better investment if you have limited funds?

‘Like trying to pick a favourite child’

Shaw and Partners portfolio manager James Gerrish was asked this very question this week in a Market Matters Q&A.

He admitted it’s a tough one, as his team holds both of them and they “have performed stoically”.

“At this stage the answer is we like them both. It’s sort of like trying to pick a favourite child!”

Indeed, during a period when tech has really struggled to hold their valuations, Hub24 shares have done well to be only 9% lower year to date. Altium has been relatively resilient too, with the stock price down 20%.

This compares to a 32% drop for the S&P/ASX All Technology Index (ASX: XTX).

But which one to choose, if there was a gun to the head?

But if Gerrish absolutely had to pick one, it would be the financial platform provider over the electronic design software maker. 

“We do think there is probably more upside for Hub24 in the short term given its strong platform growth that was reported recently and the aggressive commercial model they run,” he said.

“That said, Altium continues to go from strength to strength and we see at least 15% upside into Christmas, but more wouldn’t surprise.”

The post Hub24 or Altium: Which ASX 200 tech stock is the better buy right now? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 tech shares jump 6%
• Here are the top 10 ASX 200 shares today
• ‘Very bullish’: 3 small-cap ASX shares QVG is loving right now
• Analysts name the ASX growth shares to buy
• US$10 billion was just wiped from the value of Atlassian. How are ASX 200 tech shares responding?

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 Altium and Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. 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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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Allkem Ltd (ASX: AKE)

According to a note out of Macquarie, its analysts have retained their outperform rating on this lithium miner’s shares with an improved price target of $21.00. Macquarie has lifted its earnings estimates for Allkem in response to stronger lithium price forecasts. This is being supported by growing demand for the electric vehicle battery ingredient. The Allkem share price was trading at $16.18 on Friday.

Jumbo Interactive Ltd (ASX: JIN)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this online lottery ticket seller’s shares with a trimmed price target of $15.20. Although Jumbo’s first quarter update was softer than Goldman was expecting, it remains positive. This is due to the company’s long term growth story through the SaaS business and its ability to improve market share within the growing digital lottery business. The Jumbo share price was fetching $14.30 at Friday’s close.

Suncorp Group Ltd (ASX: SUN)

Analysts at Credit Suisse have retained their outperform rating and $13.90 price target on this insurance giant’s shares. According to the note, the broker was pleased with Suncorp’s quarterly update and particularly its stronger than expected mortgage loan growth. Overall, it feels that this update supports its bullish view on the company. The Suncorp share price ended the week at $12.19.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• These ASX shares turned $20,000 into $100,000 in 10 years
• Top ASX dividend shares to buy in November 2022
• Analysts say these ASX growth shares are buys
• Why is the Core Lithium share price having such a top run on Friday?
• 3 ASX 200 lithium shares smashing all-time highs on Friday

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited. 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 Australian share market is home to a large number of dividend payers. However, some offer yields that are greater than average at present.

For example, two high yield ASX dividend shares that are rated as buys are listed below. Here’s what you need to know about them:

National Australia Bank Ltd (ASX: NAB)

The first ASX dividend share that could be a good option right now for income investors is this banking giant.

NAB appears well-placed to profit in the current environment thanks to its strong position in commercial banking. In fact, it is for this reason that Goldman Sachs recently reiterated its buy rating with a $35.41 price target.

The broker notes that NAB provides “the best leverage to the thematic that domestic volume momentum will favour commercial over housing volumes over both the short- and medium-term.”

Goldman expects this to underpin attractive dividend yields from NAB’s shares in the coming years. It is forecasting a $1.73 per share dividend in FY 2023 and then a $1.78 per share dividend in FY 2024. Based on the current NAB share price of $31.35, this will mean fully franked yields of 5.5% and 5.7%, respectively.

New Hope Corporation Limited (ASX: NHC)

This coal miner could be a dividend share to buy thanks to sky high coal prices.

A note out of Morgans this week reveals that its analysts have retained their add rating with a $7.00 price target.

Its analysts believe that New Hope will be positioned to pay a massive $1.20 per share in FY 2023. Based on the current New Hope share price of $5.16, this represents a whopping fully franked 23% dividend yield for investors.

But it may not even stop there with the returns. The broker has suggested that “plausibly +$1.5bn ($1.59ps) is available for distribution via the announced onmarket buyback and dividends.”

Looking further ahead, while the broker is forecasting a reduction in New Hope’s dividend to a fully franked 75 cents per share in FY 2024, this still equates to a sizeable 14.5% yield.

The post Analysts say these high yield ASX dividend shares are buys appeared first on The Motley Fool Australia.

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

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With the market rebounding, now might be a great time to look at adding some new ASX shares to your portfolio.

If you’re wanting to invest in the best shares, then you may want to consider the “champion stocks” listed below.

Here’s why Bell Potter rates them as some of the best shares to buy and hold:

Amcor PLC (ASX: AMC)

Bell Potter’s analysts are positive on this packaging giant due to its defensive earnings and exposure to emerging markets. It explained:

The global leader in consumer packaging with a footprint encompassing North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. The group offers an attractive combination of defensive earnings in the developed countries with faster growth in emerging markets, which accounted for almost 25% of group sales in fiscal 2022.

Goodman Group (ASX: GMG)

The broker also expects Goodman’s shares to be strong performers over the coming years. This is thanks to robust demand for industrial property thanks partly to online shopping. It commented:

One of the world’s largest integrated industrial property groups with operations centred around development, management and ownership throughout Australia, New Zealand, Asia, Europe, United Kingdom, North America, and Brazil. The long term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or on-line retail sales) and the growing middle class in developing countries.

Sonic Healthcare Limited (ASX: SHL)

Finally, Bell Potter is a fan of this medical diagnostic services provider. The broker believes Sonic is well-placed to benefit from demand for pathology services and its ongoing international expansion. It said:

The world’s third largest pathology provider with significant operations in the USA, United Kingdom, Germany, Switzerland, Belgium, Australia and New Zealand. Against the backdrop of continuing growth in the demand for pathology services over the longer term, the group has further international expansion opportunities in both existing and new geographical markets.

The post 3 ‘champion’ ASX shares to buy and hold: Bell Potter appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• Why I’m seriously considering investing $10,000 in these ASX 200 shares
• Why Amcor, Australian Strategic Materials, Goodman, and Pilbara Minerals are dropping
• Goodman share price drops 3% on Q1 update
• Dividends beasts: 3 ASX shares that kept the funds growing even during COVID

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 Amcor Limited. The Motley Fool Australia has recommended Sonic Healthcare Limited. 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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If you’re looking for a quick and easy way to build a diverse portfolio, then exchange traded funds (ETFs) could be the answer.

That’s because ETFs give investors the opportunity to invest in a large number of shares through just a single investment. In some cases, this provides instant diversification for a portfolio.

With that in mind, listed below are three ETFs that could be excellent options for investors next week. Here’s what you need to know about them:

BetaShares Global Energy Companies ETF (ASX: FUEL)

With oil prices trading in or around the US$90 per barrel level, energy producers are printing money at present. This bodes well for the companies included in the BetaShares Global Energy Companies ETF. This includes the leading players in the energy sector such as BP, Chevron, ExxonMobil, and Royal Dutch Shell. And with OPEC intent on not letting prices weaken, the coming years look positive for these companies and the ETF.

Vanguard Australian Shares Index ETF (ASX: VAS)

Another ETF for investors to look at next week is the Vanguard Australian Shares Index ETF. It provides investors with easy access to 300 of the largest companies on the Australian share market. This means you’ll be buying a highly diverse group of shares from a multitude of sectors. This includes miners such as BHP Group Ltd (ASX: BHP), banks like Commonwealth Bank of Australia (ASX: CBA), and retail giants including Woolworths Group Ltd (ASX: WOW). Another positive with the ETF is that it pays a decent dividend. At the last count, it was offering a trailing yield of ~7%.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF for investors to consider buying next week is the Vanguard MSCI Index International Shares ETF. This is arguably the most diverse ETF available today. That’s because the Vanguard MSCI Index International Shares ETF allows investors to buy a slice of approximately ~1,500 of the world’s largest listed companies. This means you’ll be owning many of the world’s biggest and best-known companies such as Amazon, Apple, AstraZeneca, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa.

The post 3 excellent ETFs for ASX investors to buy next week appeared first on The Motley Fool Australia.

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More reading

• Are Vanguard Australian Shares ETF (VAS) dividends fully franked?
• 2 ETFs for ASX investors to buy for big dividends
• These 10 predictions could help you profit from the stock market regardless of inflation, interest rates or even another bear market
• How regularly does the Vanguard Australian Shares ETF (VAS) pay dividends?
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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 Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended 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.

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