Category: Stock Market

  • Analyst names 2 top ETFs ASX investors should buy

    ETF written with a blue digital background.

    ETF written with a blue digital background.

    If you’re interested in buying some exchange traded funds (ETFs), then the two listed below could be worth considering.

    Here’s what a top analyst is saying about these ETFs:

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    The first ETF for ASX investors to look at next week is the BetaShares Global Cybersecurity ETF. This fund provides investors with exposure to the leaders in the global cybersecurity sector. BetaShares notes that this sector is heavily under-represented on the ASX, which could make this ETF particularly attractive for local investors.

    Among the companies in the BetaShares Global Cybersecurity ETF are cybersecurity giants such as Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

    Felicity Thomas from Shaw and Partners is a big fan of this ETF.

    She recently told Livewire that she rates this ETF highly “because cybercrime is meant to cost the world $10.5 trillion by 2025, which is huge. It also has amazing names in it like CrowdStrike. In a connected world where everyone is attached to their devices, it’s becoming the biggest problem that we’re all facing.”

    VanEck Vectors MSCI World ex Australia Quality ETF (ASX: QUAL)

    Another ETF that is highly rated is the VanEck Vectors MSCI World ex Australia Quality ETF.

    As the name implies, this ETF gives investors exposure to a high quality basket of shares from across the world. And as it excludes Australian shares, it could be a good option for investors that are already overweight with local investments.

    To be included in the fund, companies need to pass certain criteria. This includes low leverage, high earnings growth rates, and high returns on equity. Among its holdings are the likes of Apple, Microsoft, Nike, and Nvidia.

    Thomas also believes this ETF is a buy. She explained: “So for me, it’s actually a buy. With rising interest rates and the war that’s going on in Europe, I actually think it’s important to invest in quality companies with high revenue growth and a solid balance sheet, which QUAL provides.”

    The post Analyst names 2 top ETFs ASX investors should buy appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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. owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/qtEZFSB

  • Analysts name 2 ASX growth shares to buy now

    Person pointing at an increasing blue graph which represents a rising share price.

    Person pointing at an increasing blue graph which represents a rising share price.

    If you’re interested in adding some growth shares to your portfolio, then the two listed below could be top candidates.

    Both these ASX growth shares have been named as buys and tipped to generate strong returns for investors. Here’s what you need to know about them:

    Allkem Ltd (ASX: AKE)

    The first growth share to look at is lithium miner Allkem. Thanks to its world class portfolio of lithium operations and projects across different geographies and product types, it has been tipped to grow strongly over the coming years.

    Particularly given its production growth potential and the strong prices that lithium is commanding due to insatiable demand for battery materials.

    Morgans is very positive and sees a lot of value in Allkem’s shares despite their strong gain over the last 12 months.

    The broker recently said: “AKE has been a strong performer in recent weeks but we continue to see long term valuation upside with persistent tightness in the lithium market. […] We don’t think spot prices are likely to remain at current levels forever but we think there is still plenty of scope for contract prices to increase further before settling down into a long term average.”

    Morgans has an add rating and $16.98 price target on Allkem’s shares.

    TechnologyOne Ltd (ASX: TNE)

    Another ASX growth share to look at is enterprise software provider TechnologyOne. It is currently in the process of shifting to become a software-as-a-service (SaaS) focused business.

    The good news is that this shift is going well, with management recently reiterating its belief that it will almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

    Analysts at Goldman Sachs suspect that TechnologyOne could even outperform this target, noting that the risks are now to the upside.

    It said: ““In our view, TNE is well-placed to meet its A$500mn FY26 ARR target and we are more constructive than consensus and the market (as implied by TNE’s current share price). SaaS flip uplift, elevated inflation (via contractual CPI pass-through) and underlying business growth underpin our A$505mn FY26 ARR estimate, and we think risks are skewed to the upside with our estimates assuming modest organic growth ex-flip (~10%).”

    Goldman initiated coverage on the company last week with a buy rating and $14.00 price target.

    The post Analysts name 2 ASX growth shares to buy now appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro owns Allkem. 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/HlybqUv

  • 2 exciting small cap ASX shares to watch

    The small end of the Australian share market is home to a number of companies with the potential to grow materially in the future.

    Two that investors might want to put on their watchlists are listed below. Here’s why they are rated highly:

    Symbio Holdings Ltd (ASX: SYM)

    The first small cap to watch is Symbio. It was formerly known as MNF Group and before that MyNetFone. Symbio specialises in the voice over internet protocol (VoIP) technology which is used to support services like teleconferencing, online business meetings, and digital data transfers.

    It appears well-placed for growth over the long term thanks to increasing demand for VoIP technology, its expansion into Asia, and its strong balance sheet following divestments. The latter gives management opportunities to look at boosting its growth with acquisitions.

    Not that it necessarily needs to. Symbio has been growing its recurring revenue at a solid rate in recent years thanks partly to strong growth in phone numbers on its network. For example, during the first half, the company reported a 13% lift in recurring revenue to $54.4 million. Pleasingly, management sees significant growth opportunity ahead and is boldly targeting 100 million numbers on its network by 2030. This compares to 6.4 million at the end of December.

    Ord Minnett currently has a buy rating and $7.15 price target on Symbio’s shares.

    Whispir Ltd (ASX: WSP)

    Another small cap ASX share to watch is Whispir. It provides a leading software-as-a-service (SaaS) communications workflow platform that automates interactions between organisations and people.

    Like Symbio, Whispir has been growing at a solid rate in recent years and management appears confident this will continue. This is due to the global mega trend of digital transformation which is providing strong tailwinds.

    And given the low levels of churn the company is reporting (under 2%), it appears to have a sticky platform and a strong foundation to build on.

    Ord Minnett is also a fan of Whispir. It has a buy rating and $2.85 price target on its shares.

    The post 2 exciting small cap ASX shares to watch appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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. owns and has recommended Symbio Holdings Limited and Whispir Ltd. The Motley Fool Australia owns and has recommended Symbio Holdings Limited. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/N8R5gl9

  • Is the Zip share price weakness a buying opportunity?

    A woman puts up her hands and looks confused while sitting at her computer.

    A woman puts up her hands and looks confused while sitting at her computer.

    It was another tough week for the Zip Co Ltd (ASX: ZIP) share price.

    Investors were selling down the buy now pay later provider’s shares following the release of its third quarter update.

    While that update revealed growth that most companies would be proud of, it still fell short of the market’s expectations.

    This was compounded by the worsening of credit losses and concerns over lower frequency of use and the impact that its bold cost reduction plans could have on its growth.

    The Zip share price ultimately ended the week 10% lower than where it started it at a lowly $1.10. This means its shares are now down almost 75% since the start of the year.

    Is the weakness in the Zip share price a buying opportunity?

    According to a note out of Citi at the end of last week, its analysts continue to sit on the fence with the Zip share price.

    Although the broker acknowledges that Zip is pulling the right levers, it highlights that risks remain.

    In light of this, the broker has put a neutral (high risk) rating and $2.15 price target on the company’s shares.

    Citi commented: “While TTV growth was slower than expected and bad debts in AU increased qoq, on balance we see the 3Q update as positive with customer growth in the US accelerating in spite of tightening of risk settings, net transaction margins improving and Zip reducing costs faster than expected. “

    “While stronger-than-expected growth on the back of Enterprise merchant additions represents upside potential, we are Neutral/High Risk (2H) rated as we are concerned about the potential for bad debts to remain elevated and the impact to top line growth from cost reduction measures.”

    The post Is the Zip share price weakness a buying opportunity? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Zip right now?

    Before you consider Zip, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Zip wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/JcxhpgM

  • 2 ASX 200 dividend shares to buy according to brokers

    An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted by the VAS ETF share price gains on the ASX

    An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted by the VAS ETF share price gains on the ASX

    If you’re wanting to add some ASX 200 dividend shares to your portfolio, then it could be worth considering the two listed below.

    Here’s why analysts think they could be top options for income investors:

    South32 Ltd (ASX: S32)

    The first ASX 200 dividend share to look at is South32. It is diversified mining and metals company producing a range of commodities including alumina, aluminium, bauxite, coal, copper, manganese, nickel, and silver across operations in Australia, Southern Africa and South America.

    Goldman Sachs is a big fan of the company. It currently has a conviction buy rating and $5.80 price target on the miner’s shares.

    The broker commented: “We are Buy rated on S32.AX (on CL) with strong FCF [free cash flow] (17% base case for FY23), exposure to base metals (75% EBITDA; aluminium & alumina c. 50% of FY23 EBITDA, copper c.10 %, zinc/nickel c. 20%), and with 7%/3% Cu Eq production growth in FY22/FY23.”

    It is because of that strong free cash flow that Goldman is forecasting fully franked dividend yields of 10% in FY 2022 and ~14% in FY 2023 and FY 2024.

    Transurban Group (ASX: TCL)

    Another ASX 200 dividend share to consider is toll road operator Transurban. The team at Morgans is positive on the company and currently has an add rating and $14.29 price target on its shares.

    Morgans notes that Transurban’s performance has been improving, with traffic volumes recovering nicely from the pandemic. It expects this to underpin an equally quick recovery in its dividends.

    It commented: “TCL owns a pure play portfolio of toll road concession assets located in Melbourne, Sydney, Brisbane, and North America. This provides exposure to regional population and employment growth and urbanisation. […] Watch for rapid recovery in DPS alongside traffic recovery and WestConnex acquisition prospects.”

    Morgans is forecasting dividends per share of 37 cents in FY 2022 and then 60 cents in FY 2023. Based on the current Transurban share price of $13.99, this implies yields of 2.6% and 4.3%, respectively.

    The post 2 ASX 200 dividend shares to buy according to brokers appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/XoZjuTD

  • Why is everyone talking about graphite and which ASX stocks have exposure?

    Group of thoughtful business people with eyeglasses reading documents in the office.Group of thoughtful business people with eyeglasses reading documents in the office.

    If 2021 and 2022 thus far have had an investing theme, green metals would have to be up there as a prime candidate.

    A decade ago, most investors might not have even heard of lithium. Now, there are more than a few investors out there that think the key ingredient in rechargeable batteries is primed to be the gold of the 21st century.

    Of course, this enthusiasm for green metals doesn’t stop at lithium. Companies mining everything from vanadium to neodymium to cobalt have had a turn impressing investors over the past year or two. And graphite, and ASX graphite stocks, are no different.

    Graphite is certainly getting some investors excited. As we covered earlier this week, one ASX analyst recently described graphite as “[looking] a lot more like lithium three to five years ago”.

    So what is graphite exactly? And which ASX stocks are involved in graphite production?

    Looking for ASX graphite stocks…

    Well, graphite isn’t a metal, for starters. It’s actually a form of carbon, the very same element that makes up most of life on earth. Not to mention coal and diamonds. You might know graphite best as the ‘lead’ in a lead pencil.

    But graphite has been in focus recently due to its applications in rechargeable batteries, particularly those used in electric vehicles. This is largely thanks to the material’s high electrical conductivity.

    So which ASX stocks are involved in the graphite industry?

    Well, perhaps the most prominent ASX graphite stock is Novonix Ltd (ASX: NVX). Novonix is a battery technology company that has been developing graphite for anodes for lithium-ion batteries. This company had a stellar stock price run last year, but has been brought back to earth over 2022 thus far. However, it is still up 141% over the past 12 months.

    Syrah Resources Ltd (ASX: SYR) is another prominent ASX graphite stock. This miner reckons it has the “world’s largest natural graphite resource” in its Balama Project in Mozambique. The company was also recently granted a loan agreement with the US Department of Energy to expand its anode facility in the US state of Louisiana. The Syrah share price has gained 53% in a year.

    Black Rock Mining Ltd (ASX: BKT) is a final ASX graphite stock to take a look at. It owns the Mahenge Project in Tanzania. This is another of the world’s largest natural graphite deposits. Black Rock shares have rocketed 114% over the past year.

    So there are many options on the ASX to examine if one wants exposure to ASX graphite stocks and the graphite industry.

    The post Why is everyone talking about graphite and which ASX stocks have exposure? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Novonix right now?

    Before you consider Novonix, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Novonix wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/oqApLGt

  • Here are 2 top ETFs for ASX investors to buy next week

    ETF written in yellow with a yellow underline and the full word spelt out in white underneath.

    ETF written in yellow with a yellow underline and the full word spelt out in white underneath.

    Exchange traded funds (ETFs) continue to grow in popularity. And it isn’t hard to see why.

    ETFs give investors easy access to a large and diverse number of different shares that they wouldn’t ordinarily have access to.

    But with so many to choose from, it can be hard to decide which ones to buy over others. To narrow things down, listed below are two highly rated ETFs that you might want to explore. They are as follows:

    Betashares Global Sustainability Leaders ETF (ASX: ETHI)

    The first ETF for ASX investors to take a look at is the Betashares Global Sustainability Leaders ETF. This ETF gives investors exposure to large global stocks that have been identified as “Climate Leaders.”

    BetaShares notes that the ETF combines positive climate leadership screens with a broad set of ESG criteria, offering investors a true-to-label ethical investment solution. Among the shares included in the fund are Adobe, Apple, Home Depot, Nvidia, Toyota, and Visa.

    Shaw and Partners’ Felicity Thomas recently rated the ETF as a buy.

    She told Livewire: “This is one of my favourites, so it’s definitely a buy for me. I really like that they do positive carbon screening. They also pay a 5.7% distribution yield, which is great.”

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    Another ETF for investors to look at next week is the Vanguard MSCI Index International Shares ETF.

    It is one of the most popular ETFs on the Australian share market for a reason. The Vanguard MSCI Index International Shares ETF provides investors with exposure to over 1,500 of the world’s largest listed companies through just a single investment. That’s about as diversified as it gets.

    Among the companies you’ll be owning a slice of with this ETF are giants such as Apple, Johnson & Johnson, Nestle, Procter & Gamble, and Visa.

    The post Here are 2 top ETFs for ASX investors to buy next week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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. owns and has recommended Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/uLHfh8v

  • The Altium share price has tumbled 27% in 2022, so what does this make the current dividend yield?

    Calculator with a $100 note on it.Calculator with a $100 note on it.

    Once upon a time, the Altium Limited (ASX: ALU) share price was well known for its exceptional performance. More recently, the PCB design software provider has lost its reputation for extreme share price rises. Instead, the tech company has begun to attract appeal with its steadily climbing dividends.

    As we covered in our ‘dividend beasts’ article on Friday, substantial changes in the share price of a company can lead to fluctuations in the dividend yield. Given the Altium share price has been knocked down 27% in 2022, it might be time to review its yield.

    Let’s find out what passive income investors can now expect from Altium.

    Six of one, half a dozen of the other

    Typically, a falling share price over a period of time will result in a marginally higher dividend yield. This is simply due to the way a dividend yield is calculated — which is, dividends for the trailing 12-months divided by the share price.

    For example, in Altium’s case: 30 cents per share US (AU$0.41) ÷ $32.77 = 1.25%

    However, a falling share price doesn’t automatically result in an increased dividend yield. Note that there are two variables in the equation, the other being the dividends per share (DPS). If the DPS were to fall in line with the share price, the result would be a relatively flat dividend yield.

    For Altium, the share price has fallen significantly in combination with the DPS increasing since the beginning of the year. In turn, the dividend yield has been boosted from 1.1% to its current 1.25%.

    Despite not really being known for its dividends, Altium has managed to notch up its payouts each year for the past 10 years. This has been in line with the board’s policy of paying out 50% to 80% of net profit after tax (NPAT).

    Is the Altium share price worth the squeeze?

    The once illustrious ‘WAAAX‘ constituent has seen better days, but the team at Bell Porter is still keen on Altium.

    As covered by my colleague Sebastian, the broker foresees strong profit growth ahead for Altium. At the same time, the broker doesn’t believe the headwinds that have hounded the investment case for the company are dealbreakers.

    The team currently holds a target of $41.25 for the Altium share price. This would suggest a potential upside of 26%.

    The post The Altium share price has tumbled 27% in 2022, so what does this make the current dividend yield? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Altium right now?

    Before you consider Altium, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Altium wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Altium. 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/xbHoTCd

  • Top brokers name 3 ASX shares to sell next week

    Keyboard button with the word sell on it.

    Keyboard button with the word sell on it.

    Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

    Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

    Challenger Ltd (ASX: CGF)

    According to a note out of Citi, its analysts have downgraded this annuities company’s shares to a sell rating with a reduced price target of $6.90. Citi believes the market’s reaction to Challenger’s quarterly update was surprising. While it highlights that Challenger has upgraded its guidance range, it felt consensus estimates were already largely there. It also has concerns over the company’s maturities, which it notes were very high for a March quarter. The Challenger share price ended the week at $7.11.

    Endeavour Group Ltd (ASX: EDV)

    A note out of Credit Suisse reveals that its analysts have downgraded this alcohol retailer’s shares to an underperform rating and cut the price target on them to $6.60. The broker was disappointed with Endeavour’s trading update and highlights that the company is continuing to lose market share in the retail channel. In light of this, it feels its shares are expensive at the current level and sees better options for investors elsewhere. The Endeavour share price was fetching $7.74 at Friday’s close.

    Zip Co Ltd (ASX: Z1P)

    Analysts at Macquarie have retained their underperform rating and slashed their price target on this buy now pay later provider’s shares to $1.05. This follows the release of a quarterly update which revealed falling customer usage and slowing growth. The broker also warns that there are regulatory and funding cost risks that make Zip’s pathway to profitability very cloudy. The Zip share price was trading at $1.11 on Friday.

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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. owns and has recommended ZIPCOLTD FPO. The Motley Fool Australia has recommended Challenger Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/46aeij1

  • Top brokers name 3 ASX shares to buy next week

    An ASX shares broker analysing a chart tracking the A2 Milk share price

    An ASX shares broker analysing a chart tracking the A2 Milk share price

    Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

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

    BHP Group Ltd (ASX: BHP)

    According to a note out of Citi, its analysts have upgraded this mining giant’s shares to a buy rating with an improved price target of $56.00. While Citi acknowledges that BHP’s operational performance disappointed during the recent quarter, it feels investors should look beyond this due to the mountain of cash flow the Big Australian is generating. This is expected to underpin big dividends. The BHP share price ended the week at $48.49.

    Santos Ltd (ASX: STO)

    A note out of Morgans reveals that its analysts have retained their add rating and put a $10.10 price target on this energy producer’s shares. Its analysts believe that the company’s decision to launch a share buyback, despite its shares trading in or around multi-year highs, is a sign that management believes its shares are cheap. Outside this, the broker expects the resilience of its growth profile and diversified earnings base to help Santos outperform. The Santos share price was fetching $8.15 at Friday’s close.

    Xero Limited (ASX: XRO)

    Analysts at Goldman Sachs have reiterated their buy rating but trimmed their price target on this cloud accounting platform provider’s shares to $133.00. Following a recent period of underperformance, the broker believes this has created an attractive entry point into a compelling global growth story. Xero continues to be Goldman’s preferred large cap technology name in the ANZ region. The Xero share price ended the week at $97.84.

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    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. owns and has recommended Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/NiDqs5c