Category: Stock Market

If you’re looking to take advantage of the weakness in the tech sector, then check out the two tech shares listed below.

Both of these ASX tech shares have been named as buys and tipped for strong growth in the future. Here’s what you need to know:

NEXTDC Ltd (ASX: NXT)

The first tech share that could be a buy is leading data centre operator, NextDC.

It has been tipped as a buy by analysts at Morgans. This is due to the broker’s belief that the company is well-placed for long term growth thanks to its strong market position, the industry’s significant barrier to entry, and its expansion opportunities.

Morgans commented:

We retain our Add recommendation and highlight that NXT remains our preferred pick given substantial structural growth, quality management, significant barrier to entry and, in our view, improving competitive advantage with regional/edge sites.

We see a clear pathway for long-term growth, substantially higher EBITDA and material free cash flow, over the medium term.

Morgans has an add rating and $13.01 price target on NEXTDC’s shares.

Readytech Holdings Ltd (ASX: RDY)

Another tech share that could be in the buy zone is Readytech. It provides enterprise software to several market verticals including higher education, HR, work pathways, and local government.

Analysts at Goldman Sachs are very positive on the company. This is due to its strong position in areas of the market that are under-served by large enterprise software competitors.

The broker explained:

In our view, RDY will continue to grow mid-teens organically while making accretive acquisitions (such as IT Vision), with profitability underpinned by solid software metrics including low churn at ~3% and high LTV/CAC.

RDY serves defensive end markets (e.g. higher education, local government) and has high recurring revenue (>85%) which should protect the company’s earnings profile in an economic downturn.

Goldman has a buy rating and $4.60 price target on Readytech’s shares.

The post Here are 2 fantastic ASX tech shares that analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Goldman Sachs names 2 mid cap ASX shares to buy
• NextDC share price tipped to rise 30%: Broker says high energy prices an ‘opportunity’
• Experts name 3 ASX growth shares to buy with enormous upside potential
• 2 ASX growth shares to buy this month: experts

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings 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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If you’re looking for some new growth shares to buy following the market weakness, then it could be worth considering the two ASX shares listed below.

Both of these ASX shares have been tipped as buys with major upside potential. Here’s what you need to know about them:

Allkem Ltd (ASX: AKE)

The first ASX growth share to look at is Allkem. It is a top five global lithium miner with a collection of world class operations.

Allkem is currently producing a significant quantity of lithium from its operations, which is allowing it to benefit greatly from sky high prices.

But it won’t be stopping there. Looking ahead, the company recently revealed plans to increase its production three times over by 2026. Management expects this to allow the company to maintain a 10% share of the global lithium market over the next decade.

Morgans is very bullish on Allkem. Earlier this month, the broker put an add rating and $16.38 price target on its shares. Its analysts like Allkem due to its “diverse products and geographical mix [which] adds opportunities to capture value as the market evolves.”

Megaport Ltd (ASX: MP1)

Another growth share that could be in the buy zone is Megaport. It is the leading global provider of elastic interconnection services.

Megaport’s software layer provides users with an easy way to create and manage network connections. Through the Megaport network, businesses can then deploy private point-to-point connectivity between any of the locations on Megaport’s global network infrastructure.

So, with the structural shift to the cloud continuing, the company appears well-placed to benefit from increasing demand and higher spending on enterprise networking.

Goldman Sachs is a big fan of the company and believes it has an enormous growth opportunity. The broker has a buy rating and $13.10 price target on its shares. Goldman estimates that the company’s “opportunity for further growth is immense [with] GSe A$129bn p.a. spent on fixed enterprise networking across MP1 geographies.”

The post Analysts say these ASX growth shares have huge upside potential appeared first on The Motley Fool Australia.

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More reading

• Why are ASX tech shares struggling today?
• Here are the top 10 ASX shares today
• Why these fundies say the Allkem share price is ‘absolutely a buy’
• 3 ASX lithium stocks this fund manager is holding despite sector pullback
• Guess which ASX 200 mining shares these experts are backing

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 MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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 Flight Centre Travel Group Ltd (ASX: FLT) share price landed in the red on Tuesday. At the close of trade, it finished 2.28% lower at $17.97.

The dip extends Flight Centre’s losses to almost 12% during the past month of trade.

In broader market moves, the benchmark S&P/ASX 200 Index (ASX: XJO) finished 0.86% higher today to close at 6,763 points.

Let’s take a closer look at what might have been behind Flight Centre’s performance today.

Household cash flows to narrow

Investors sold the Flight Centre share price down today despite no news from the company. However, analysts at Swiss Investment bank UBS, led by George Tharenou, released a dire report on Australia’s economy.

It predicts household cash flows could tighten to their lowest on record in 2023 amid the plethora of cost pressures households now face, not in the least rising interest rates.

The UBS team reckons the Reserve Bank of Australia (RBA)’s recent decision to hike the cash rate by 50 basis points will hurt aggregate demand come 2023.

Essentially it says the decision – made in a bid to tackle inflation – will reduce the amount of disposable income households have at the end of each cycle.

From this, the report forecasts GDP will slump to less than 2% from 2022-23 while it’s expected unemployment will climb again to around 3%.

The UBS report said:

The recent rate hikes, plus more to come, will double household interest payments.

“[T]hat is the fastest rise on record, amid the highest household leverage in the world.

UBS analysts also said that the “transmission mechanism”, that is the impact, of the RBA’s hikes on borrowing rates and, hence, the economy is “the most direct in the world”.

Muted market response

Investors didn’t respond well to the news. Despite some early volatility, the Flight Centre share price traded relatively flat across the day.

Its performance was accompanied by a flood of selling in other consumer shares.

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) weakened and finished 1.34% in the red, reversing an uptrend since 17 June in the process.

Flight Centre’s trading volume was up around its four-week average of 1.4 million shares, with investors swapping a total of one million shares during today’s session.

Flight centre share price snapshot

Flight Centre shares slipped from a three month high of $23 a share on 2 May to now trade near three-month lows.

In the last 12 months, the Flight Centre share price has clipped a 23.5% gain. However, it’s down marginally year to date, as illustrated below.

The post Flight Centre share price struggles amid dwindling household cashflows forecast appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• These are the 10 most shorted ASX shares
• These 2 ASX travel shares are tying the knot for the next 10 years
• Flight Centre share price stumbles amid ‘big blow’ from new tax
• ASX 200 travel shares take off again on Tuesday. Here’s why

Motley Fool contributor Zach Bristow 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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The Bubs Australia Ltd (ASX: BUB) share price finished the day 3% in the red at 62.5 cents apiece on Wednesday.

Investors sold off Bubs shares despite the company posting a sensitive update regarding its US retail footprint.

In broad market moves, the benchmark S&P/ASX 200 Index (ASX: XJO) closed the day 60 basis points higher at 6,746.

Bubs’ new Target deal

The company advised that it has entered into a new supply agreement with Target USA. It says Target is one of the largest infant formula retailers in the US.

“Target’s initial purchase order will be fulfilled from the third Operation Fly Formula air cargo shipment,
arriving in the U.S. on 26 June, with direct distribution to 280 Target stores,” the company announced.

Bubs says that gross revenue generated from this plane is to the tune of $3 million.

As a result of the deal, Bubs notes its products will be available in the 4 largest retailers of infant formula in the U.S. with coverage in 5,000 stores across 34 States [in the US].

Bubs Founder and CEO, Kristy Carr said the company was “delighted to enter a new partnership with Target”.

Since receiving the Enforcement Discretion from FDA to import six Bubs Infant Formula products on 27 May 2022, or less than a month ago, our products will be ranged in all four top retailers for infant formula in the USA. By mid-July, we expect over 360,000 tins of Bubs Infant Formula to have been made available to major retailers. This is an extraordinary outcome, thanks to our American sales team who have built a relationship with retailers over the last 12 months.

The market was mute to the news today and sold off shares in line with a weaker consumer defensives sector.

Volume was more than half of the 4-week trading average at 7.2 million shares.

In spite of the downside, the Bubs share price has still managed to clip a 36% gain in the last 12 months and 31% this year to date.

The post Bubs share price drops despite new Target deal appeared first on The Motley Fool Australia.

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More reading

• Where to find value in growth? Here are 2 ASX shares I’d buy in July
• Why ANZ, Block, Bubs, and PayGroup shares are pushing higher
• Bubs share price up 4% on further US update
• Why is the Bubs share price sinking 7% today?
• Why A2 Milk, Bubs, Evolution, and Zip shares are rising despite the selloff

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The Sayona Mining Ltd (ASX: SYA) share price soared today after the company secured a lithium production deal.

The lithium explorer’s shares jumped 25% to finish at 17.5 cents at the close of trade today.

So what good news did Sayona deliver to the market today?

Lithium production to restart

Investors are buying up Sayona shares on the back of plans to restart lithium production at the North American Lithium operation.

Sayona’s subsidiary Sayona Quebec and Piedmont Lithium have formally given the green light on this project with a budget of about CAD$98 million (AU $109.8 million).

Piedmont Lithium Inc (ASX: PLL) has a 25% interest in Sayona Quebec. Both Sayona and Piedmont have conducted capital raises for the project in the first half of this year.

Sayona said it has already taken “significant steps” to speed up the production restart. This includes recruiting key workers, engineering design work, equipment and regulatory approvals.

The first spodumene concentrate production from the project is targeted for the first quarter of 2023. The North American Lithium operation would be the first local supplier of lithium concentrates, according to Sayona.

Commenting on the news, Sayona managing director Brett Lynch said:

We are delighted to put the seal on our plan to launch North America’s first local spodumeme concentrate production, amid growing demand from both Canada and the United States for local and sustainable sources of this key battery metal.

Importantly, we continue to work closely with both the Québec Government and Piedmont to take the next step of downstream processing.

All the key players in the North American auto and battery sector are moving to invest in local production in Québec…

Sayona share price snapshot

The Sayona share price has exploded 137% in the past 12 months. In the year to date, it has jumped nearly 35%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has lost more than 7% in the past 12 months.

Sayona has a market capitalisation of about $1.4 billion based on today’s share price.

The post Sayona share price surges 25% on lithium production plans appeared first on The Motley Fool Australia.

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More reading

• Why Imugene, Link, Metcash, and Sayona shares are racing higher
• ‘Potential to become a world-class deposit’: Sayona share price jumps 16% following new lithium discoveries
• Sayona share price dives 8% despite lithium news
• Considering investing in Sayona shares? Here’s the latest news from the company
• Is this why ASX lithium shares are being crushed today?

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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The recent performance of the CSL Limited (ASX: CSL) share price might have brought some disappointment for ASX investors. Shares of this ASX 200 healthcare giant have been stuck in the mud for a while now. The company last saw an all-time high back in February 2020 – right before the onset of the coronavirus pandemic.

Back then, CSL shares reached as high as $336 a share. But that was more than two years ago now. CSL has rarely even approached those levels since. It climbed above the $300 mark a few times last year. But, on each occasion, that didn’t end up lasting too long. CSL hasn’t been above $300 in 2022 at all. Today, it’s finished at $274.03, up 0.38%.

So CSL is trading at the same level it was in November 2019. The company’s stagnant performance since then is a far cry from the glory days the years prior which typically saw CSL jump by double-digits every year.

But what of the company’s dividends? Since the CSL share price has been so lethargic, dividend returns have had to keep investors placated. So has the CSL dividend been growing in recent years?

Has the CSL dividend been growing?

Well, sort of. In most cases, it’s fairly easy to determine this kind of question. But CSL makes things just a little more complicated than usual. That’s because this company pay its dividends in US dollars. And in greenback terms, yes, CSL has been increasing its dividend very consistently.

In 2021, the healthcare company paid out a total of US$2.22 in dividends per share, consisting of an interim dividend of US$1.04 and a final dividend of US$1.18.

That was a healthy increase on the US$2.02 in dividends per share CSL doled out in 2020. It also represents the latest annual dividend increase (in US dollar terms) in what is now almost a ten-year streak.

However, there is a caveat. In Australian dollar terms, CSL’s dividends have not had such a nice, linear streak of dividend growth. Although CSL increased its dividends from US$2.02 to US$2.22 between 2020 and 2021, it was a different story in Australian dollar terms.

Due to currency fluctuations, CSL investors did not receive a dividend increase in 2021. The company paid out a total of $2.941 in dividends per share in 2020, but only $2.939 in 2021.

Still, CSL has shown an impressive history of delivering a growing dividend to ASX investors over many years. At today’s pricing, CSL offers a trailing dividend yield of 0.95%.

The post Has CSL been growing its dividend? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Evolution shares take out most traded after experiencing worst fall in more than a decade
• Optus plea to ACCC doing little to these ASX 200 telco shares today
• ASX 200 midday update: Tech shares tumble, Collins Foods jumps

Motley Fool contributor Sebastian Bowen has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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 Hazer Group Ltd (ASX: HZR) share price closed higher on Tuesday.

This comes after the hydrogen producer announced a construction milestone at its Commercial Demonstration Project (CDP).

Hazer’s CDP is located at the Woodman Point Water Recovery Facility in Western Australia. The company aims to convert natural gas and similar methane feedstocks into hydrogen and high-quality graphite, using iron ore as a process catalyst.

Hazer shares reached an intraday high of 63 cents apiece today before closing 11.11% higher at 61 cents a share.

What’s drovie the Hazer share price higher?

Investors bid the Hazer share price up following the company’s latest positive announcement.

In a statement to the ASX, Hazer advised it has completed construction and the associated commissioning activities at its CDP.

The newly-built facility is the first fully-integrated demonstration of the company’s Hazer Process. It will process biogas produced from the treatment of wastewater at the Woodman Point Water Recovery Facility to produce hydrogen and graphite.

Management noted that the CDP is a stepping stone in demonstrating the scale-up and commercial potential of the Hazer technology.

The latter is a leading example of methane pyrolysis, a low emission and cost-effective method to produce clean hydrogen.

The first phase of the testing program will be carried out at low temperatures using a temporary carbon steel reactor. This will allow trialling of the gas conditioning, solids handling, process control, safety, and utilities systems.

In addition, collection of the initial process data is expected to ultimately de-risk the full operation of the CDP.

However, the company is facing COVID-19-related disruptions to global supply chains in sourcing necessary equipment. As such, the hot-wall Hazer reactor is progressing at its manufacturing mill in China. This is expected to be delivered to Australia some time in the third quarter of 2022, with installation the following quarter.

Management commentary

Hazer Group CEO Geoff Ward touched on the significant achievement, saying:

We are delighted to have reached this important milestone.

I look forward to completing the testing program and continuing to demonstrate the capacity of the Hazer technology to play a significant role at large scale in achieving our critical global decarbonisation goals.

Despite today’s gains, the Hazer share price has fallen 28% over the past 12 months and is down 47% year to date.

The post Hazer lifts 11% amid the ASX hydrogen share reaching a construction milestone appeared first on The Motley Fool Australia.

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More reading

• Are these blue chip ASX 200 shares in the buy zone?
• Broker names 2 ASX 200 financials shares to buy
• Here are the top 10 ASX shares today
• Here are 2 high quality ETFs analysts rate as buys
• These 2 ASX tech All Ords shares are hitting new 52-week lows today

Motley Fool contributor Aaron Teboneras 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 to add some high quality shares to your investment portfolio, then you might want to look at the ASX 200 shares listed below.

Here’s why brokers are tipping these ASX 200 shares as ones to buy right now:

Goodman Group (ASX: GMG)

Goodman could be an ASX 200 blue chip share to buy according to analysts at Citi.

Its analysts are bullish on the global integrated commercial and industrial property company due to its very positive growth outlook. This is being underpinned by strong demand and its burgeoning development pipeline.

In response to the company’s recent third quarter update, the broker commented:

GMG’s 3Q22 update highlights a continuation of strong conditions, which resulted in guidance for FY22 EPS growth being upgraded to 23% (from 20% previously). Like-for-like rental income, development WIP and AUM all increased, albeit with a FX headwind partially offsetting growth in AUM and WIP. Similar to previous periods, we see FY22 guidance as conservative given strong FUM growth into 4Q22, off the back of development completions and rising asset values (as GMG’s book cap rates are softer than market).

Moreover, despite fears, we see the growth outlook as being robust for FY23 as well given solid demand for industrial (which is driving market rental growth above longer-term averages) and ongoing investment demand, which should support asset value and AUM growth.

Citi currently has a buy rating and $29.50 price target on its shares.

Wesfarmers Ltd (ASX: WES)

Analysts at Morgans believe that Wesfarmers could be an ASX 200 blue chip share to buy.

Although the market has turned a touch negative on the retail sector due to concerns over rising living costs, Morgans remains bullish. This is because it believes the company’s businesses are well-placed to navigate the tough consumer environment.

Despite ongoing uncertainty in the operating environment, we think WES is well-placed to benefit when conditions improve and continue to view the stock as a core portfolio holding for long-term investors.

Kmart’s scale and sourcing capabilities underpin its low-cost business model, which allows it to deliver the lowest prices, driving greater demand and scale, and allows further sourcing and product development capabilities. With value expected to become increasingly important, we think Kmart is well-placed to benefit with the average price of an item at around $6-7.

Morgans has an add rating and $58.40 price target on its shares.

The post Are these blue chip ASX 200 shares in the buy zone? appeared first on The Motley Fool Australia.

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More reading

• Why Appen, BWX, Imugene, and Wesfarmers shares are dropping
• Wesfarmers share price tumbles on broker downgrade
• ASX 200 midday update: Tech shares tumble, Collins Foods jumps
• Time is running out to secure the Goodman Group dividend. Here’s what you need to do
• Here’s 3 popular ASX shares that are trading ex-dividend next week

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 Wesfarmers 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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Energy and utility shares helped drive the S&P/ASX 200 Index (ASX: XJO) higher on Tuesday. The index is up 0.6% at 6,7426.10 points at market close on Tuesday.

The two leading sectors brushed off Wall Street’s poor start to the week and surged higher on the back of increasing commodity prices. Global oil prices rose around 1.8% overnight while iron ore futures lifted 0.9%. Most base metal prices also picked up before the market opened today.

The S&P/ASX 200 Energy Index (ASX: XEJ) led the market today, gaining 3.5%. Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 3%.

Consumer discretionary shares were the hardest hit on Tuesday despite consumer confidence rising week-on-week, according to findings by Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Roy Morgan. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) slumped 1.6% today.

All things considered, some of the shares that topped the market today might come as a surprise. Here are the ten stocks that came out on top on Tuesday.

Top 10 ASX shares countdown today

Of the top ten ASX-listed companies by market capitalisation, those producing with one particular commodity outperformed. And that commodity is… Coal! Thermal coal leapt 1.4% overnight to trade at US$392.45 a tonne, according to CommSec.

The gain likely helped New Hope Corporation Limited (ASX: NHC)’s shares to record a 7.2% lift. Find out more about New Hope here.

That performance was shadowed by Beach Energy Ltd (ASX: BPT)’s 6.6% gain. Take a look at what’s going on with Beach Energy lately here.

Today’s top ten biggest gains were offered by these ASX shares:

ASX-listed company	Share price	Price change
New Hope Corporation Limited (ASX: NHC)	$3.57	7.21%
Beach Energy Ltd (ASX: BPT)	$1.76	6.67%
Northern Star Resources Ltd (ASX: NST)	$7.44	5.98%
Stanmore Resources Ltd (ASX: SMR)	$2.03	5.46%
Woodside Energy Group Ltd (ASX: WDS)	$32.81	4.76%
GQG Partners Inc (ASX: GQG)	$1.45	4.69%
Yancoal Australia Ltd (ASX: YAL)	$5.42	4.23%
AGL Energy Limited (ASX: AGL)	$8.515	3.84%
Grange Resources Limited (ASX: GRR)	$1.3025	3.79%
South32 Ltd (ASX: S32)	$4.19	3.71%

Data as at 3:55pm AEST

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today 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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If you’re looking for some exposure to the financial sector, then the two ASX 200 shares listed below could be top options.

Here’s why analysts at Morgans believes these financials shares are in the buy zone right now:

Macquarie Group Ltd (ASX: MQG)

The first ASX 200 financials share to look at is Macquarie. Morgans is a fan of the investment bank due to its positive long term prospects thanks to its exposure to structural growth markets.

The broker explained:

We continue to like MQG’s exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while the company continues to gain market share in Australia mortgages.

Morgans currently has an add rating and $215.00 price target on its shares. Based on the current Macquarie share price of $165.95, this implies potential upside of approximately 30%.

QBE Insurance Group Ltd (ASX: QBE)

This insurance giant could be another ASX 200 financials share to buy according to Morgans. Its analysts like the company due to its cost reduction plans and exposure to rising rates. The broker also sees plenty of value in its shares at the current level.

Morgans commented:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~14x [now 13x] FY22F PE.

Morgans has an add rating and $14.45 price target on the company’s shares. Based on the current QBE share price of $12.14, this implies potential upside of approximately 19% for investors.

The post Broker names 2 ASX 200 financials shares to buy appeared first on The Motley Fool Australia.

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More reading

• Macquarie share price slips amid move to fortify war chest by $400 million
• How much have Macquarie shares paid in dividends in the last 5 years?
• 2 ASX 200 dividend shares analysts rate highly
• Can Macquarie shares deliver an attractive dividend yield AND 30% upside in 2022?
• What’s the outlook for ASX 200 bank dividends?

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 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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