Category: Stock Market

The share price of Australia’s national telco Telstra Group Ltd (ASX: TLS) has struggled over the last decade. Fortunately for those invested in the stock, it’s paid out consistent dividends over that time.

If you had bought $1,000 of Telstra shares 10 years ago today, you likely would have snapped up 233 shares, paying $4.29 apiece.

Sadly, the Telstra share price has struggled since then.

The company’s stock is trading at $4.03 at the time of writing, 6.45% lower than it was in December 2012. That also leaves our figurative parcel with a value of around $938.99.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained 57% over the last decade.

But could it be possible Telstra’s dividends have offset its share price’s poor performance? Let’s take a look.

How much have Telstra shares paid in dividends in 10 years?

Here are all the dividends offered by Telstra shares over the decade just been:

Telstra dividends’ pay date	Type	Dividend amount
September 2022	Final and special	7.5 cents and 1 cent
April 2022	Interim and special	6 cents and 2 cents
September 2021	Final and special	5 cents and 3 cents
March 2021	Interim and special	5 cents and 3 cents
September 2020	Final and special	5 cents and 3 cents
March 2020	Interim and special	5 cents and 3 cents
September 2019	Final and special	5 cents and 3 cents
March 2019	Interim and special	5 cents and 3 cents
September 2018	Final and special	7.5 cents and 3.5 cents
March 2018	Interim and special	7.5 cents and 3.5 cents
September 2017	Final	15.5 cents
March 2017	Interim	15.5 cents
September 2016	Final	15.5 cents
April 2016	Interim	15.5 cents
September 2015	Final	15.5 cents
March 2015	Interim	15 cents
September 2014	Final	15 cents
March 2014	Interim	14.5 cents
September 2013	Final	14 cents
March 2013	Interim	14 cents
Total:		$2.365

An investor who bought into Telstra shares 10 years ago likely would have received $2.365 in dividends for each security they held.

Thus, our 233 parcel of Telstra shares would have provided around $551.05 of passive income during that time.

That certainly offset the ASX 200 stock’s tumble. Combining its dividends and its share price’s fall leaves the telco giant returning 49% over the last 10 years.

It’s also likely that could have been compounded with the use of a dividend reinvestment plan (DRP).

Additionally, all Telstra’s dividends since the year 2000 have been fully franked. That means they might have provided extra benefits come tax time.

Telstra shares currently trade with a 3.35% dividend yield.

The post Bought $1,000 of Telstra shares 10 years ago? Here’s how much dividend income you’ve received appeared first on The Motley Fool Australia.

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More reading

• How much do I need to invest in ASX dividend shares for a retirement income of $5,000 per month?
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• How I’d try to make $1 million by investing $5 a day in ASX 200 shares

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 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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There aren’t that many ASX dividend shares that pay large dividends and could keep growing in the long term.

I really like looking at ASX resource shares for potential income because of how low their price-to-earnings (p/e) ratios normally are. However, I’d only want to go for particular ASX resource shares when the commodity price is low. And there’s certainly no guarantee that the dividend wouldn’t halve in the following year.

But, while there may be some uncertainty in the market at the moment, the following ASX dividend shares are expected to pay big dividends in FY23 and beyond. I’d happily invest $5,000 in each of the following businesses for dividend income.

Shaver Shop Group Ltd (ASX: SSG)

This business is a growing retailer of grooming and other high-performance beauty products.

Let’s look at the expected dividend yield. Broker Ord Minnett suggests that Shaver Shop could pay a grossed-up dividend yield of 14% in FY23 and 14.6% in FY24.

Retailers typically trade on low multiples of their earnings, meaning the dividend yield can be pretty high.

Shaver Shop says that the Australia and New Zealand beauty market could grow from around $10 billion to approximately $12 billion by 2026. This could be a useful tailwind for earnings over the next few years.

Charter Hall Long WALE REIT (ASX: CLW)

This real estate investment trust (REIT) owns a diversified portfolio of properties. They are all signed onto long-term leases, providing good visibility for rental income and profitability.

It has tenants like Endeavour Group Ltd (ASX: EDV), Australian government entities, Telstra Group Ltd (ASX: TLS), BP (LON: BP), Inghams Group Ltd (ASX: ING) and Coles Group Ltd (ASX: COL).

The business is expecting to pay a distribution per unit of 28 cents per share in FY23. This translates into a forward distribution yield of 6.2%.

Aside from the changes in interest rates, I think this is a fairly defensive ASX dividend share option.

Pacific Current Group Ltd (ASX: PAC)

Pacific Current describes itself as a business that partners with “the best asset managers across the world who bring differentiated market perspectives and investment approaches” and builds an economic partnership with them.

Some of the names in the portfolio include GQG Partners Inc (ASX: GQG), Victory Park Capital, Carlisle Management, Astarte Capital Partners, and Banner Oak.

A rebound of investment markets could be a very useful tailwind for the underlying funds under management (FUM), earnings and the dividend. Despite all the volatility, aggregate FUM grew 1.1% in the three months to September 2022. Excluding GQG, aggregate FUM grew in the quarter by 3.4% for US-dollar-denominated fund managers and 7% for the Aussie-dollar-denominated fund manager.

Ord Minnett is expecting the ASX dividend share to pay a grossed-up dividend yield of 7.4% in FY23 and 8.25% in FY24.

Nick Scali Limited (ASX: NCK)

Nick Scali is one of the largest retailers of furniture across Australia and New Zealand. While that may not be the most defensive industry, people are still buying large volumes. Indeed, a recent trading update showed year-over-year growth.

While the ASX dividend share may not see a lot of growth in the next 12 months, the company is planning to open more stores, grow its highly profitable online sales and benefit from scale advantages (particularly with the Plush acquisition).

According to the broker Citi, Nick Scali could pay a grossed-up dividend yield of 11.6% in FY23 and 9.5% in FY24.

Foolish takeaway

These four businesses have an average dividend yield of 9.8% for FY23. So, with $20,000. That would create annual dividend income of $1,960.

I think Shaver Shop and Pacific Current could be two of the underrated ASX dividend shares at the moment.

The post Which ASX shares I’d buy with $20,000 right now to target an 8% dividend yield appeared first on The Motley Fool Australia.

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More reading

• Naughty or nice? Buy 3 ASX shares heading in opposite directions, says fund
• I’d aim for $1 million, buying just 10 cheap ASX shares
• My top wildly undervalued ASX dividend king to buy in 2023
• Here’s how I’d invest $5,000 in ASX dividend shares to earn a second income
• Top ASX shares to buy in December 2022

Motley Fool contributor Tristan Harrison 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 Coles Group and 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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All Ordinaries Index (ASX: XAO) shares have struggled this year.

Battered by soaring inflation, fast-rising interest rates, and the global consequences of Russia’s invasion of Ukraine, the All Ords is down 6.8% in 2022.

But 2023 may bring a big turnaround for ASX shares and stock markets the world over.

That’s according to the consensus views of 134 fund managers, responding to a Bloomberg News survey.

Why could ASX shares enjoy a much stronger 2023?

Bloomberg’s survey included some of the biggest names in the investment world, like BlackRock and Goldman Sachs.

Conducted earlier this month, the survey revealed that some of the top investors are forecasting “low double-digit gain” in 2023. Overall, a 10% gain is predicted for global stocks next year, which could see ASX shares potentially join or exceed that rally.

Many of the fund managers were optimistic that we’ve seen peak inflation, indicating a more dovish US Fed in 2023. All told 71% of the surveyed fundies said they expect share markets to gain next year with 19% expecting them to fall.

Bloomberg noted that in a similar survey last year, the fundies accurately forecast that the biggest risk for share markets in 2022, as witnessed with ASX shares this year, was aggressive interest rate hikes by central banks.

The fundies broadly had a preference for stocks that could maintain their earnings, even in the event of a recession. They also expect stock markets to perform better in the second half of 2023 than in the first half.

The biggest threat in 2023 for global stock markets and ASX shares was said to be “stubbornly high inflation”, cited by 48% of respondents.

The big opportunities next year come from a potential ceasefire in Ukraine and with China’s reopening.

According to Fabiana Fedeli, chief investment officer at M&G:

The outlook from here onward will be influenced by the probability, depth and longevity of recession. There are still pockets of opportunity where companies with strong fundamentals that are able to weather the storm get sold off in times of market panic.

Pia Haak, chief investment officer at Swedbank Robur, pointed out that much of the recession fears have already been priced into the market.

“Even though we might face a recession and falling profits, we have already discounted part of it in 2022,” Haak said. “We will have better visibility coming into 2023 and this will hopefully help markets.”

The post Holding off buying ASX shares? Here’s why you could wind up with major FOMO appeared first on The Motley Fool Australia.

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More reading

• How much do I need to invest in ASX dividend shares for a retirement income of $5,000 per month?
• 5 things to watch on the ASX 200 on Wednesday
• Is the iShares S&P 500 ETF (IVV) a buy following its stock split?
• Investing in ASX 200 shares could turn your $10,000 into $100,000. Here’s how
• Why did the BHP share price get hammered on Tuesday?

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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When the time comes to retire, you’ll hopefully have a bountiful superannuation balance to support your dream lifestyle.

But what if you don’t want to settle for that? What if you could have a $5,000 monthly paycheck all through retirement on top of your super without needing to work for it?

I know I’d be happy with that! But is it achievable?

The good news is that it certainly is possible if you have both time and patience.

How to retire with a $5,000 paycheck?

A monthly passive income of $5,000 equates to $60,000 annually. So, in order to generate this level of income we will need to bring in the latter in dividends each year to fund our lifestyle.

The S&P/ASX 200 Index (ASX: XJO) traditionally provides investors with an annual dividend yield of approximately 4.5%.

If this proves to be the case in the future, we’re going to need to build an investment portfolio worth $1.3 million that is filled with dividend-paying ASX 200 shares like Macquarie Group Ltd (ASX: MQG) and Telstra Group Ltd (ASX: TLS).

Building your portfolio

According to Fidelity, over the last 30 years, the Australian share market has generated an average annual return of 9.6% per annum.

While past performance is not a guarantee of future performance, these returns are in line with long term returns generated across the world. So, I would be disappointed if the next 30 years didn’t deliver something similar.

In order to grow your portfolio to $1.3 million from zero, investors could put $650 of their earnings into the market each month for a period of 30 years. If these investments earned the average annual return of 9.6% per annum over this period, they would grow to $1.3 million after three decades.

Once the portfolio reaches that level, you would be earning $60,000 a year ($5,000 a month) from dividends if you’re commanding a dividend yield of 4.5%.

Different time horizons

If you don’t have as long as that to build your portfolio, don’t worry. It’s still possible, you’ll just need to dig deeper into your pockets. For example, if you’re able to invest $1,850 per month, then you could get there in 20 years by generating that 9.6% per annum average annual return.

Conversely, if you have even more time on your side, then the periodic investment required to achieve this goal would be even smaller.

Thanks to the power of compounding, a $260 per month investment over a 40-year period would grow to be worth $1.3 million if it earns the aforementioned annual return. And a 50-year investment period would require only a $100 investment.

I feel the latter really demonstrates why starting as early as possible is the best way to generate wealth from the share market.

The post How much do I need to invest in ASX dividend shares for a retirement income of $5,000 per month? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• The Macquarie dividend is being divvied out today. Here’s the lowdown
• Morgans names 2 of the best ASX 200 dividend shares to buy in December
• Here are the top 10 ASX 200 shares today
• Telstra share price outperforming despite data breach impacting 132,000 customers

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

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was back on form and pushed higher. The benchmark index rose 0.3% to 7,203.3 points.

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

ASX 200 expected to rise

The Australian share market looks set to push higher on Wednesday following a positive but volatile night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 14 points or 0.2% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.3%, the S&P 500 is up 0.7%, and the Nasdaq is up 1%. The latter was up almost 4% at one stage after a better than expected US inflation report.

Oil prices surge

It could be a good day for energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) after oil prices rose strongly overnight. According to Bloomberg, the WTI crude oil price is up 3.1% to US$75.44 a barrel and the Brent crude oil price has risen 3.6% to US$79.14 a barrel. Oil prices jumped after US inflation came in lower than expected.

Annual general meetings

There are a number of annual general meetings being held on Wednesday. Among the ASX 200 shares holding meetings are Australia’s oldest bank Westpac Banking Corp (ASX: WBC), fund manager Magellan Financial Group Ltd (ASX: MFG), and commercial explosives company Orica Ltd (ASX: ORI).

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price stormed higher overnight. According to CNBC, the spot gold price is up 1.7% to US$1,822.3 an ounce. Once again, the lower than expected US inflation reading boosted the precious metal.

Woolworths remains a buy

The Woolworths Group Ltd (ASX: WOW) share price remains good value according to analysts at Goldman Sachs. In response to reports that the retail giant has sold almost a third of its Endeavour Group Ltd (ASX: EDV) holding, the broker has retained its buy rating and $41.70 price target. Goldman suspects that the funds will be used to acquire a 50% stake in PETstock for ~A$600 million. It feels this “would be in line with its eco-system growth strategy.”

The post 5 things to watch on the ASX 200 on Wednesday 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 Tuesday
• How I’d try to make $1 million by investing $5 a day in ASX 200 shares
• Woodside share price holds steady despite oil giant’s warning over gas intervention
• Tyro share price rebounds 14% as rumours swirl over next moves

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Westpac Banking. 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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Leading exchange-traded fund (ETF) iShares S&P 500 ETF (ASX: IVV) recently went through a stock split.

Blackrock decided to do a stock split with the iShares S&P 500 ETF – it’s a 15:1 stock split, which is why the unit price has gone from close to $600 to around $40.

The ETF returned to normal trading on a normal settlement basis this week.

I think it’s important to remember that a stock split doesn’t mean investors have more or less invested in the ETF. A $1,200 investment is still worth $1,200 whether it was spread across two units or 30. The pizza has been divided into many more slices, but it’s still the same amount of pizza.

Is the iShares S&P 500 ETF a buy?

Warren Buffett himself has said that (American) investors can do well by just investing in an S&P 500 fund.

I think it’s attractive for a number of different reasons.

For starters, the fund has an extremely low annual management fee of just 0.04%. This means investors can get exposure to the portfolio for almost nothing.

I think it’s a great portfolio. Everyone may have their own thoughts on the US economy, but many of the businesses listed in the US are global powers in their respective industries.

Apple sells its smartphones all over the world. Microsoft’s office software and Xbox consoles have a worldwide user base. Amazon‘s e-commerce is growing, along with its cloud computing service AWS. Alphabet’s Youtube, Google Search and more are used by people worldwide.

There are many other worldwide businesses in the portfolio such as Berkshire Hathaway, Tesla, Johnson & Johnson and Exxon Mobil.

The ETF has produced solid returns over the past three years, despite a large amount of volatility that investors have suffered from because of high inflation and rising interest rates.

In the five years to November 2022, the iShares S&P 500 ETF had returned an average of 13.5% per annum. While past performance is not a reliable indicator of future performance, I think it shows the types of returns that the underlying businesses are capable of producing over time.

Foolish takeaway

While the future is uncertain – there’s always uncertainty – I think that the iShares S&P 500 ETF is a leading idea to consider for investors that want to invest in ETFs focused on international shares. The stock split doesn’t really mean anything in terms of how attractive the investment is, but I think it’s compelling as a passive investment option.

The post Is the iShares S&P 500 ETF (IVV) a buy following its stock split? appeared first on The Motley Fool Australia.

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More reading

• Is the iShares S&P 500 ETF (IVV) really down 95% today?
• What you need to know about next week’s iShares S&P 500 ETF (IVV) stock split
• 2 ASX ETFs I’d buy right now if I were in my 20s
• 2 high quality ETFs for ASX investors to buy now

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison 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 Alphabet, Amazon.com, Apple, Berkshire Hathaway, Microsoft, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet, Amazon.com, Apple, Berkshire Hathaway, and iShares S&p 500 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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Would you like to trade in $10,000 and receive $100,000 in return? It’s a moot question, but can it really be done with ASX 200 shares?

Well, the question shouldn’t be ‘can’. It should be ‘how long will it take?’

Shares are growth assets. Sure, they are volatile, but there has never been a period in the history of the ASX (which has roots that predate Federation, mind you) when the Australian share market has never failed to eclipse a previous all-time high.

Shares go up over time; they always have. That doesn’t mean there won’t be a few wobbles or crashes along the way. But markets rise far further and more often than they fall.

So how long would an investor have to wait for $10,000 to become $100,000?

Turn $10,000 into $100,000 with ASX 200 shares

Well, it depends on a few things. First, the rate of return. Some ASX shares will give better returns than others of course. So for this exercise, we’ll use an index exchange-traded fund (ETF) that covers the entire market. That way, we can get an average return for ASX 200 shares.

The oldest ASX 200 ETF on the share market is the SPDR S&P/ASX 200 Fund (ASX: STW), so what better candidate to use? Since its inception in 2001, the SPDR ASX 200 ETF has returned an average of 7.94% per annum, assuming dividends are reinvested. See its share price history below:

So if an investor put $10,000 into shares generating a 7.94% annual return, it would take approximately 29.5 years for that $10,000 to grow 10 times to $100,000.

ETFs are usually ‘maintenance-free’, bottom drawer types of investments, so the only thing this investment requires is time. But near-30 years is a long time to wait.

So what if our investor added an extra $100 per month?

Why then it would only take 19.5 years to reach our $100,000. After 30 years, our lucky investor would have more than $250,000 to their name.

If we upped our monthly contributions to $200 a month, we would cut our time to hit $100k down to 15 years. $500 a month would reduce it again to just under 10 years.

Such is the power of compound interest.

The post Investing in ASX 200 shares could turn your $10,000 into $100,000. Here’s how appeared first on The Motley Fool Australia.

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More reading

• Is the SPDR S&P/ASX 200 Fund (STW) an ETF?

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 BHP Group Ltd (ASX: BHP) share price had a tough day on the market today.

BHP shares fell 1.52% to close at $46.08. For perspective, the S&P/ASX 200 Index (ASX: XJO) climbed 0.31% today.

Let’s take a look at what impacted the BHP share price today.

What’s going on?

BHP is not the only ASX iron ore share that struggled today. The Fortescue Metals Group Limited (ASX: FMG) share price slid 4.21% today, while Rio Tinto Ltd (ASX: RIO) shares dropped 1.93%.

The S&P/ASX 200 Materials Index (ASX: XMJ) slid 1.4%, making it the worst-performing sector on the market.

BHP, Rio, and Fortescue are all among the top iron ore producers in the world.

Iron ore futures on the Singapore Exchange is down 2.28% to US$106.90 at last look.

The share price of the largest iron ore producer in the world, Vale SA (NYSE: VALE), also dropped 4.19% on the New York Stock Exchange overnight.

Navigate Commodities managing director Atilla Widnell said iron ore at more than $100 a tonne seems “overvalued” currently. In quotes cited by Hellenic Shipping News, Widnell added:

The longer prices persist above this level there’s an increasing likelihood the pricing-floor may start to move higher.

Iron ore futures rallying to close at $111.75/t on Friday is yet another poignant example of just how much heat and overly positive sentiment is currently built in to the current pricing structure.

Macquarie analysts have recently retained an outperform rating on BHP shares with a $50 price target. The team lifted their price target to reflect higher-than-expected iron ore prices.

BHP share price snapshot

The BHP share price has risen 26% in the last year, as shown in the graph below. It is also up by more than 9% in the past month.

BHP has a market capitalisation of about $233 billion.

The post Why did the BHP share price get hammered on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 dividend heavyweights to buy and hold until you retire
• Why is the Fortescue share price tanking on Tuesday?
• Is now really the time to buy ASX 200 shares?
• Top ASX dividend shares to buy in December 2022
• 5 things to watch on the ASX 200 on Tuesday

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 recommended Macquarie 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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The S&P/ASX 200 Index (ASX: XJO) traded in the green on Tuesday, recovering some of yesterday’s slump. At the end of today’s session, the index was 0.31% higher at 7,203.3 points

Tech shares were among the market’s best performers today, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) lifting 1.7%.

It followed a decent night on Wall Street that saw the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) posting a 1.3% gain. The Dow Jones Industrial Average Index (DJX: .DJI) meanwhile, rose 1.6% and the S&P 500 Index (SP: .INX) lifted 1.4%.

Banks also posted a good day’s trade today, with the S&P/ASX 200 Financials Index (ASX: XFJ) gaining 1.4%.

However, the market’s other giants, miners, struggled. The S&P/ASX 200 Materials Index (ASX: XMJ) fell 1.4% on the back of lower commodity prices.

Gold futures prices fell 1% to US$1,792.30 an ounce overnight while iron ore futures slipped 0.9% to US$109.47 a tonne.

All in all, all but one of the ASX 200’s 11 sectors closed higher. But which stock outperformed all its peers to post today’s biggest gain? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was Bendigo and Adelaide Bank Ltd (ASX: BEN) – lifting 6.9%.

Its gains come on the back of a positive trading update, detailing a 22% jump in cash earnings.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Bendigo and Adelaide Bank Ltd (ASX: BEN)	$9.66	6.86%
Megaport Ltd (ASX: MP1)	$7.12	5.95%
Imugene Limited (ASX: IMU)	$0.195	5.41%
Challenger Ltd (ASX: CGF)	$7.67	4.64%
Nanosonics Ltd (ASX: NAN)	$4.55	4.36%
Telix Pharmaceuticals Ltd (ASX: TLX)	$6.99	4.33%
Kelsian Group Ltd (ASX: KLS)	$5.67	4.04%
Corporate Travel Management Ltd (ASX: CTD)	$14.76	3.87%
Smartgroup Corporation Ltd (ASX: SIQ)	$5	3.52%
Xero Limited (ASX: XRO)	$72.98	3.33%

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 Tuesday
• How I’d try to make $1 million by investing $5 a day in ASX 200 shares
• Why Bendigo Bank, Block, Megaport, and Starpharma shares are rising today
• The Macquarie dividend is being divvied out today. Here’s the lowdown
• Bendigo Bank share price surges 7% on earnings boost

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 positions in and has recommended Megaport, Nanosonics, and Xero. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank, Nanosonics, Smartgroup, and Xero. The Motley Fool Australia has recommended Challenger, Corporate Travel Management, and Megaport. 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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One of the great silver linings of a bear market is that it’s sometimes possible to snap up great companies at a bargain price.

Some places to start uncovering these discounted shares include the recent recommendations of our Share Advisor team.

These recommendations aim to help investors beat the market by outperforming an investing benchmark such as the S&P/ASX 200 Index (ASX: XJO) which has slipped 5.12% this year so far.

Shares on the following list have fallen 30% or greater year to date, but are unlikely to stay cheap forever. So to lock in some potential gains, let’s cover which Fool recommendations are worth buying before the curtain falls on 2023.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is down 30.7% so far this year but could be poised to recover strongly. One reason to be bullish is that the company’s revenues are scaling upwards.

Nine Entertainment’s advertising revenue growth is primarily driven by the company’s strong presence in the Australian media market. Nine Entertainment is the leading commercial free-to-air broadcaster in Australia and is home to some of the country’s most popular television shows.

In August, the company reported its revenues increased 15% year over year (yoy) to $2.7 billion in FY2021. Meanwhile, its bottom line also saw a lift, with its earnings before interest, taxes, depreciation, and amortisation (EBITDA) growing 24% to $700.7 million.

Some analysts also agree the share could be undervalued. These include Shaw and Partners portfolio manager James Gerrish, who noted:

At just 11x expected FY23 PE, Nine is undervalued and recent numbers suggest the underlying business is holding up better than expected.

Xero Limited (ASX: XRO)

Xero, which provides a software-as-a-service (SaaS) accounting solution to businesses, has also had a rough year, with its shares losing almost 50% of their value year to date.

Xero was recommended as a buy in September due to the size of its total addressable market, recent financial performance, and discounted share price.

When the company reported its results for FY2021 in May, Xero stated it had grown its user base in all of its key regional operating segments including Australia, New Zealand, and the United Kingdom.

Looking ahead, there could be a strong opportunity for Xero to continue adding users in its North American segment where it reported a relatively low user penetration of 339,000 subscribers. With approximately 33.2 million small businesses in the United States alone, it suggests substantial room for growth.

In terms of Xero’s financials and key metrics, its total subscribers grew 19% yoy in FY2021 to 3.3 million, while its annualised monthly recurring revenue (AMRR) grew 28% to NZ$1.2 billion. It should be noted Xero recorded a net loss after tax of NZ$9.1 million during this period.

As for its share price, Morgans gave it a price target of $77 earlier this month. That represents an upside of 5.5% at the time of writing.

ARB Corporation Limited (ASX: ARB)

ARB designs and manufactures automotive accessories for four-wheel-drive (4WD) and light commercial vehicles. The company has seen its share price drop 47% so far this year.

But its recent top and bottom line performances, as well as its robust balance sheet, were among the reasons for bullish sentiment.

As part of its full-year results for FY2022, ARB stated its revenues grew 11.4% yoy to $697.3 million while net profit after tax (NPAT) grew 8.1% yoy to $122 million. At the time, ARB said it had no debt on its books along with a healthy cash reserve balance of $52.7 million.

Although it declined to give revenue and earnings guidance as part of its results, ARB did paint a bullish picture of where it will be headed in 2023 and beyond.

ARB Corporation’s managing director Andrew Brown said:

The board remains positive and expects that the company should benefit by the end of calendar 2022 from recent new vehicle models, a strong customer order book sitting well above historical levels, a number of all-new products due for imminent release, healthy demand for the company’s products around the world and the prospect of increasing supply of new vehicles to the market.

Citi analysts gave ARB Corporation’s share a price target of $39.25 in November. That represents almost 40% upside at the time of writing.

The post Looking for bear market bargains? 3 ASX shares to buy before 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• How I’d try to make $1 million by investing $5 a day in ASX 200 shares
• The Macquarie dividend is being divvied out today. Here’s the lowdown
• Is now really the time to buy ASX 200 shares?
• 3 incredible ASX tech stocks down over 50% to buy before the next bull market

Motley Fool contributor Matthew Farley 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended ARB Corporation and Nine Entertainment. 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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