Category: Stock Market

Here at the Motley Fool, we’re all about picking individual ASX shares to try and beat the market over time. In theory, this is what most investors should be doing if they are not investing in index or exchange-traded funds (ETFs).

We can easily get the market’s returns by just putting our money in an index ETF. So if an investor isn’t going on that road, they should be aiming to beat those ETFs’ returns.

But we also recognise that researching individual companies is not everyone’s forte or cup of tea. For those investors unwilling or unable to put the hard yards into building their own ASX share portfolio, ETFs are a fantastic alternative.

But for many investors, that age-old question of ‘when to invest’ is still a barrier to full participation in the wealth-generating effects of the share market. The idea of buying an ETF, only to see it fall in value in the coming weeks or months, is something many people (understandably) find terrifying.

The best time to buy an ETF? Right now…

Our own chief investment officer, Scott Phillips, has some sage advice for such a conundrum. Scott recently spoke with Gemma Dale on NABtrade’s Your Wealth podcast. When asked, “if you’ve got a bit of money left over after Christmas, where would you be going?”, here’s why Scott pointed to index ETFs as a good place to start:

For a lot of people listening, if they’re not comfortable picking individual stocks should at least make sure they invest that money in a broad index-based ETF, which is the most boring answer in the world. But put that money to work is my point.

And not because I know what’s coming next, not because I know the market’s going to jump 15% in the first six months of the year or not, just because, mathematically, the amount goes up over time – it goes up a lot over time.

So that’s why investing in ETFs right now could be a prudent choice for many investors out there.

Many investors keep some cash in the bank to deploy during a market downturn or crash. But the problem with that method is that we never know when the markets are going to tank next.

Your monetary firepower could end up sitting dormant in a bank account for years, as you wait for that ‘inevitable downturn, costing you valuable returns.

That’s why Scott told listeners that he likes to remain fully invested at all times. Here’s some of what he said about that idea:

And for my money, I’m always fully invested by the way, despite market gyrations, because I believe mathematically that makes sense.

If you look at history, being invested earlier has been better consistently than being invested late. Not every year, not every month, not every day, but over time, mathematically, you are better to be investing earlier rather than later. So at least invest the money is my point.

So if you’re waiting for an opportune time to invest in an ASX index ETF, it might just be today.

The post Why right now is always a great time to invest in ASX ETFs: Scott Phillips appeared first on The Motley Fool Australia.

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More reading

• 6 ASX mining shares just upgraded by brokers
• 4 ASX 200 shares celebrating Friday with new, 52-week highs
• 2 ASX 200 dividend stocks I’m running a mile from
• 3 ASX 200 shares I own for big dividends in 2023
• Are nervous investors returning to the ASX stock market right now?

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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The S&P/ASX 200 Index (ASX: XJO) has followed the lead of Wall Street and is racing higher. In afternoon trade, the benchmark index is up 0.8% to 7,338.3 points.

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

Life360 Inc (ASX: 360)

The Life360 share price is up almost 11% to $5.41. Investors have been buying the location technology company’s shares following the release of a business update. As well as achieving guidance on key metrics in FY 2022, the company announced a restructure that is expected to accelerate its path to profitability.

Lithium Power International Ltd (ASX: LPI)

The Lithium Power share price is up over 6% to 50 cents. This morning the lithium explorer revealed that it has commenced its inaugural drilling program at its East Kirup lithium prospect located in the Greenbushes region of Western Australia. In addition, the company advised that its Western Lithium business is to be demerged during the first half of 2023, subject to market conditions and shareholder approval.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 4% to $26.42. This appears to have been driven by a broker note out of Canaccord Genuity. According to the note, its analysts have lifted their price target on this fashion jewellery retailer’s shares by a massive 22% to $27.75.

Santos Ltd (ASX: STO)

The Santos share price is up over 3% to $7.36. Investors have been buying Santos and other energy shares on Friday following another rise in oil prices overnight. This was driven by optimism that global demand for oil could strengthen. At the time of writing, the S&P/ASX 200 Energy index is up approximately 2%.

The post Why Life360, Lithium Power, Lovisa, and Santos shares are storming higher today appeared first on The Motley Fool Australia.

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More reading

• Why this ASX All Ords tech share is rocketing 14% today
• Oil best China reopening play: Goldman Sachs
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Morgans names 2 ASX 200 dividend shares to buy now

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Lovisa. The Motley Fool Australia has recommended Lovisa. 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) is on a roll today, and so are four shares that call it home.

They’ve each shot up to reach new 52-week highs on Friday.

Right now, the ASX 200 is up 0.89%, trading at 7,345 points.

Let’s take a look at some of its constituents making the most of their day in the green.

Which ASX 200 shares have hit long-forgotten highs today?

The first ASX 200 share posting a new 52-week high today is also the market’s biggest participant, BHP Group Ltd (ASX: BHP).

The ASX 200 mining giant soared to $49.92 earlier today – a new record high and a 1.1% increase on its previous closing price.

Its gains came amid a good session for the S&P/ASX 200 Materials Index (ASX: XMJ). The sector is up 0.65% right now amid Goldman Sachs’ broadly bullish outlook for the sector.

BHP shares are joined in the green by Northern Star Resources Ltd (ASX: NST) stock.

The ASX 200 gold producer’s share price launched 2.6% earlier today to a near-two-year-high of $12.32.

It came after gold futures hit their highest point since May 2022, reaching US$1,898.80 an ounce overnight.

Soaring to join the miners at a new 52-week high is Aussie icon Qantas Airways Limited (ASX: QAN).

The Qantas share price took off this morning, climbing 1.6% to $6.52. That leaves the ASX 200 airline share nearly on par with where it was in February 2020 – arguably a milestone in the company’s pandemic recovery.

It’s also the third consecutive day in which the stock surpassed its previous 12-month high.

Also posting a third consecutive 52-week high is fellow ASX 200 travel share Webjet Limited (ASX: WEB).

Shares in the online travel agent leapt 1.5% to peak at $6.69 this morning.

Though, that’s still 32% lower than it was before the onset of the pandemic.

The post 4 ASX 200 shares celebrating Friday with new, 52-week highs appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 dividend stocks I’m running a mile from
• 3 ASX 200 shares I own for big dividends in 2023
• Are nervous investors returning to the ASX stock market right now?
• How I’d invest my very first $500 in ASX shares in 2023
• 5 things to watch on the ASX 200 on Friday

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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If you’re looking for exchange traded funds (ETFs) to buy in January, then you might want to look at the three listed below.

Here’s what you need to know about these top ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you’re interested in gaining exposure to the Asian tech sector now that China is finally reopening, then the BetaShares Asia Technology Tigers ETF could be worth considering. This ETF tracks the performance of the largest technology companies in Asia (excluding Japan). Among the exciting companies that you’ll be buying are tigers such as Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

If you are a fan of legendary investor Warren Buffett, then you may want to look at the VanEck Vectors Morningstar Wide Moat ETF. That’s because when Buffett invests, he looks for fairly valued companies with sustainable competitive advantages or moats. VanEck has taken this into account and made an ETF out of it by bringing together around 50 attractively priced companies with moats. At present, this includes high quality companies such as Adobe, Alphabet, Boeing, Kellogg Co, Microsoft, and Walt Disney.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. It could be a great option if you’re looking for an easy way to diversify your portfolio. That’s because this popular ETF provides investors with access to around 1,500 of the world’s largest listed companies. This provides significant diversity and also allows investors to take part in the long term growth potential of international economies. Among the companies included in the fund are giants such as Amazon, Apple, Nestle, Nvidia, Procter & Gamble, Tesla, and Visa.

The post 3 of the best ASX ETFs for investors to buy in January appeared first on The Motley Fool Australia.

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More reading

• 2022 wasn’t kind to the Vanguard MSCI Index International Shares ETF (VGS). What now?
• How I’d invest $300 a month in ASX dividend shares to target a $30,000 annual second income
• 1 in 7 Australians own an ETF: Are these the ones to buy?
• I’d listen to Warren Buffett and invest in ASX shares with wide economic moats
• 2 super ETFs for ASX investors to buy in 2023 and hold for a decade

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 Betashares Capital – Asia Technology Tigers Etf, VanEck Morningstar Wide Moat 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.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a solid gain. At the time of writing, the benchmark index is up 0.9% to 7,343.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down a further 1.5% to 66 cents. This semiconductor company’s shares have come under pressure this week after it raised capital again. Investors appear concerned that this could mean the company’s latest quarterly sales performance underwhelmed and it needed a cash injection.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 3% to $1.15. This may have been driven by a bearish broker note out of Goldman Sachs this morning. According to the note, the broker has reiterated its sell rating and 95 cents price target on this lithium developer’s shares. Goldman believes Core Lithium’s shares are overvalued at the current level.

Deterra Royalties Ltd (ASX: DRR)

The Deterra Royalties share price is down 2.5% to $4.68. This may also have been driven by a broker note out of Goldman Sachs. This morning, the broker downgraded the mining royalties company’s shares to a neutral rating with a $4.50 price target. Goldman made the move largely on valuation grounds after a strong gain since October.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is down 2.5% to 93.5 cents. This is despite there being no news out of the biotech company. However, with its shares up strongly since the start of the year, some profit taking could be happening. The Mesoblast share price remains up 7% year to date.

The post Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling appeared first on The Motley Fool Australia.

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More reading

• Here’s what Goldman Sachs is saying about the Core Lithium share price now
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Which ASX lithium shares are producing and which are not in 2023?
• Why has the Core Lithium share price already surged 18% this year?
• Will Core Lithium turn a profit in 2023?

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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The Whitehaven Coal Ltd (ASX: WHC) share price rocketed ahead in 2022, but could it still go higher in 2023?

Whitehaven shares soared 261% from $2.61 at market close on 31 December 2021 to $9.42 at market close on 30 December 2022. In today’s trade, Whitehaven shares are up 2%.

So could the Whitehaven Coal share price still go higher?

Could Whitehaven go even higher?

Whitehaven is a major coal producer and global exporter to markets including Japan, Korea and Taiwan.

The coal price is likely to weigh heavily on investors’ minds this year, since it impacts the company’s profit margin.

Analysts at UBS have recently predicted coal prices to “stay elevated” for longer. UBS said in January this year:

High calorific value coal (6,000 kilocalories per kilogram) is likely to remain in short supply, keeping prices of Newcastle thermal coal elevated in 2023. That said, some decline from record levels of above USD 400 per metric ton should still be expected.

A stronger price decline will probably only happen after 2025, following the next wave of additional LNG supply and additional power supply from renewables.

Meanwhile, a report from the Office of the Chief Economist is predicting thermal coal prices to rise from US$245 a tonne in FY22 to US$360 a tonne in FY23. However, metallurgical prices are predicted to drop from US$404 a tonne in FY22 to US$262 in FY23.

Production of coal from Whitehaven’s mines may also weigh on the company’s share price this year.

In November, Whitehaven “moderated” its guidance for FY23 coal production from its open-cut mines given possible weather impacts and labour constraints. The company is forecasting it will produce 19 to 20.4 Mt of coal in the 2023 financial year. Previously, Whitehaven had guided for 10 to 22 Mt of coal.

Whitehaven share price snapshot

The Whitehaven share price has exploded 202% in the last year. However, in the past month, it has slid 6%.

Whitehaven Coal has a market capitalisation of about $8 billion based on the current share price.

The post The Whitehaven share price exploded 260% in 2022. Is that all there is? appeared first on The Motley Fool Australia.

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More reading

• What’s the forecast for the coal price in 2023?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Power up: 3 best ASX 200 energy shares of 2022
• Here’s why 2023 will be a huge year for passive income
• 3 ASX 200 dividend shares with HUGE passive-income potential for FY24

Motley Fool contributor Monica O’Shea 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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When I make investments, I make them for the long term. I’m simply not interested in jumping in and out of trades.

Recently, I saw an opportunity to buy a couple of ASX shares that I think are cheap at current levels.

Here’s why I plan to hold onto these shares for the next decade:

Betashares Nasdaq 100 ETF (ASX: NDQ)

As you can see above, this popular exchange-traded fund (ETF) has lost a disappointing 27% of its value over the last 12 months. This has been driven by a tech selloff on Wall Street’s famous NASDAQ-100 Index (NASDAQ: NDX) after interest rates surged higher to combat sky-high inflation.

Higher interest rates not only put pressure on economic growth but they cause the risk-free rate to increase. The latter means that investors seek a better risk/reward when buying stocks, which invariably leads to shares de-rating to lower multiples.

With inflation now showing signs of easing in the United States, I believe the NASDAQ index and this ETF are positioned for a big recovery in the near future. After which, I am confident that the long term is very positive. After all, this ETF includes giants such as Amazon, Apple, Microsoft, and Tesla.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

With the Domino’s share price down heavily from its highs, I believe this pizza chain operator could prove to be a great long-term investment if buying from current levels.

This ASX share was sold off in 2022 amid concerns over inflationary pressures on the company’s margins and consumer spending. While this will likely lead to sub-par performance in FY 2023, I expect these headwinds to be fleeting and remain confident in its long-term prospects.

Particularly given its strong market position and bold expansion plans. The latter will see the company double its footprint in existing markets later this decade. Combined with its long track record of same-store sales growth and potential margin improvements from scale benefits, I believe Domino’s could deliver above-average earnings growth from FY 2024 onwards.

Morgans appears to agree and has an add rating and a $90.00 price target on its shares.

The post 2 cheap ASX shares I’ve bought to hold for 10 years appeared first on The Motley Fool Australia.

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More reading

• The Betashares Nasdaq 100 ETF (NDQ) crashed 30% in 2022. Are things looking up?
• These beaten down ASX shares are cheap buys: experts
• 2 super ETFs for ASX investors to buy in 2023 and hold for a decade
• 23 ASX shares to buy in 2023 – brokers
• 3 steps to generating passive income with ASX 200 dividend shares in 2023

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF and Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon.com, Apple, BetaShares Nasdaq 100 ETF, Domino’s Pizza Enterprises, and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Amazon.com, Apple, and Domino’s Pizza Enterprises. 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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There are plenty of good-quality dividend stocks on the ASX. But where there is good, there is also often bad. Choosing the wrong dividend shares can be disastrous for both your income stream and your capital base.

So today, let’s discuss two ASX dividend stocks that I wouldn’t touch with the proverbial 10-foot pole in 2023.

2 ASX dividend shares I wouldn’t touch in 2023

AGL Energy Limited (ASX: AGL)

AGL has been an absolute disaster of an investment over the past five years or so. Back in 2017, AGL shares were trading above $27 each. Today, this energy utility share is under $8:

That’s not quite as bad as the near-$5 pricing we were seeing back in late 2021. But we are still a long way from this company’s heyday. AGL has been in the eye of the energy storm in recent times.

The need to rapidly shift away from fossil fuels for energy has resulted in many of AGL’s generation assets losing most of their value. The company’s plans to demerge last year also faced stiff resistance from shareholders and resulted in a big shakeup at the company after the plans were abandoned.

AGL’s dividends haven’t escaped the pain either. AGL used to be an ASX dividend heavyweight. But the company went from paying out $1.19 per share in 2019 to the 26 cents per share that investors received last year.

AGL might yet have a strong future in front of it as a renewable energy powerhouse. But I seriously doubt that this company will be anything close to a market-beater any time soon. As such, this is one ASX dividend stock I am staying away from in 2023.

Magellan Financial Group Ltd (ASX: MFG)

Another ASX 200 dividend stock I’m avoiding this year is the fund manager Magellan. It was only a few years ago that this company was flying high at over $74 a share. But since then, Magellan has endured one of the most dramatic falls from grace in ASX 200 history:

First, the company’s popular funds, such as the Magellan Global Fund (ASX: MGF), began lagging behind their benchmarks in terms of returns. But the departure of co-founder and former star stock picker Hamish Douglass really dented confidence in the fund manager. As did the loss of several high-profile clients.

It didn’t help matters when Douglass began offloading large tranches of shares, after previously saying that any talk of share sales was “absurd”.

Magellan has since shaken up its management team and promised its investors that it has refocused on delivering outperformance. But the company’s steep losses in funds under management will cripple Magellan’s ability to pay dividends for years.

As my Fool colleague reported earlier this month, Magellan managed an average of $53.8 billion in funds under management over the six months to 31 December last year. That was less than half of the $112.7 billion it managed over the same period in 2021.

So this is another ASX 200 dividend stock I would rather not tangle with this year.

The post 2 ASX 200 dividend stocks I’m running a mile from appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares I own for big dividends in 2023
• Are nervous investors returning to the ASX stock market right now?
• Is the 25% dividend yield from Magellan shares a trap or a gold mine?
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 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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It’s a good day to be invested in Fortescue Metals Group Limited (ASX: FMG) shares. Or, at least, it was.

The stock soared 0.9% earlier this morning to ink a new 52-week high of $23.12. That’s the highest it’s been in 17 months.

However, the iron ore giant’s notable gains didn’t last. The Fortescue share price has slipped to trade at $22.91 at the time of writing, 0.04% lower than its previous close.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained 0.88% at the time of writing while the S&P/ASX 200 Materials Index (ASX: XMJ) is up 0.76%.

So, what might be going on with Fortescue shares today? Let’s take a look.

What’s going on with Fortescue shares today?

Fortescue popped to long-forgotten heights before dropping to near its previous close on Friday morning amid Goldman Sachs’ backhanded outlook.

The top broker today said it saw the ASX mining sector as “more fairly valued” amid China’s reopening.

It also noted it wouldn’t be surprised if share prices in the sector retraced this quarter but was expecting big things for miners in the second half of this year as commodity prices recovered.

That sounds like good news for Fortescue shares, right? Unfortunately not. The stock has been downgraded by the broker.

Goldman Sachs is bearish on the iron ore giant, saying spending on decarbonisation will likely take its toll on the company’s bottom line and future dividends.

The broker now has a $13.40 price target on Fortescue shares – representing a potential 41% downside.

It’s also worth noting the stock has been on a roll this week. Even considering today’s slump, the company’s share price is still 5% higher than it ended last week.

That’s despite the company’s chief financial officer handing in his resignation on Monday. Ian Wells is just the latest executive to walk away from the ASX 200 giant.

The post Why did Fortescue shares just crack a new, 52-week high? appeared first on The Motley Fool Australia.

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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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ANZ Group Holdings Ltd (ASX: ANZ) shares are pushing higher again on Friday.

At the time of writing, the banking giant’s shares are up 1.5% to $24.60.

This means the ANZ share price is now 4% since the start of the year.

Can ANZ shares keep rising?

The good news is that it may not be too late to buy ANZ shares.

According to a note out of Citi this week, its analysts have retained their buy rating and $29.25 price target on the bank’s shares.

This implies sizeable potential upside of 19% for investors over the next 12 months from current levels.

But the returns don’t stop there! In addition, the broker has pencilled in a $1.66 per share dividend in FY 2023, up from $1.46 per share a year earlier. This represents a very attractive 6.7% dividend yield for investors to look forward to.

What did the broker say?

Citi revealed that it has promoted ANZ to its top pick in the banking sector. This has been driven largely by its exposure to institutional banking. The broker is expecting this side of ANZ’s business to be a strong performer in FY 2023 thanks to the re-emergence of structural tailwinds.

In addition, Citi highlights that the company’s commercial banking business is well-placed in the current environment.

As a result, it believes investors should focus less on its retail banking operations and more on its commercial and institutional banking operations. It said:

The market narrative around ANZ, is in our view, too focused on the retail banking division.

Citi isn’t alone with its positive view on ANZ shares. Earlier this week, the team at Credit Suisse retained its outperform rating and $29.00 price target on the bank’s shares.

The post Buy ANZ shares now for 19% upside AND generous dividend income: broker appeared first on The Motley Fool Australia.

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More reading

• Which ASX 200 bank shares are the ones to buy in 2023?
• Top ASX dividend shares to buy in January 2023
• Top brokers name 3 ASX shares to buy today
• Can income investors bank on a 7% dividend yield from ANZ shares?
• Can ASX bank shares deliver in 2023 after higher interest rates?

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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