Category: Stock Market

  • 2 top ASX dividend shares for income investors next week

    Rolled up notes of Australia dollars from $5 to $100 notes

    If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.

    Here’s why analysts have given them buy ratings:

    Super Retail Group Ltd (ASX: SUL)

    The first ASX dividend share to look at is Super Retail. It is the retail conglomerate behind popular brands BCF, Macpac, Rebel, and Super Cheap Auto.

    Thanks to a redirection in consumer spending during the pandemic, Super Retail has been experiencing very strong sales growth this year. For example, a recent trading update revealed that Super Retail achieved like-for-like sales growth of 28% over the first 44 weeks of FY 2021. Positively, management also revealed that its gross margin had remained steady since the end of the half. At that point, it was very strong and underpinning even quicker profit growth.

    Goldman Sachs believes the Super Retail share price is in the buy zone and is expecting a very generous dividend in FY 2021. It currently has a buy rating and $15.00 price target on its shares and is forecasting an 84 cents per share fully franked dividend. Based on the current Super Retail share price of $12.95, this represents a 6.5% yield.

    Transurban Group (ASX: TCL)

    Another ASX dividend share to consider is Transurban. It is one of the world’s leading toll road operators with key roads in Melbourne, Sydney and Brisbane, as well as in Greater Washington, United States and Montreal, Canada. Transurban also considers itself to be a technology company as well. It notes that it researches and develops innovative tolling and transport technology that makes travel easier for everyone.

    While the pandemic has impacted traffic volumes, particularly on roads connecting to airports, there has been a notable improvement over recent months. This is likely to continue improving as vaccines rollout and people become more mobile again.

    Ord Minnett is confident in the company’s recovery and expects its distribution to rebound strongly in FY 2022. The broker is forecasting dividends of 37 cents per share in FY 2021 and then 58 cents per share in FY 2022. This will mean yields of 2.5% and 3..9%, respectively, over the next two years.

    Ord Minnett currently has a buy rating and $16.00 price target on the company’s shares.

    The post 2 top ASX dividend shares for income investors next week appeared first on The Motley Fool Australia.

    These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

    Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

    Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

    Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

    Returns As of 15th February 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 exciting ASX tech shares that are highly rated

    Global technology shares

    If you’re looking for some exposure to the tech sector, then you might want to look at the shares listed below.

    Here’s why these ASX tech shares have been rated as buys:

    PointsBet Holdings Ltd (ASX: PBH)

    The first tech share to look at is PointsBet. It is a growing sports wagering operator and iGaming provider offering innovative sports and racing betting products and services in the ANZ and US markets via its scalable cloud-based platform.

    It is the company’s US operations that are getting the market most excited. Thanks to changes in regulations in the lucrative market and the company’s partnerships, PointsBet appears well-placed to capture market share and grow its sales over the next decade.

    One of those partnerships is with the country’s largest sports broadcaster NBCUniversal. This is a game-changer for PointsBet and gets its brand in front of NBC’s 184 million viewers.

    Goldman Sachs is a big fan of the company. It currently has a buy rating and $17.20 price target on PointsBet’s shares. The broker notes that the US sports betting and iGaming market is forecast to be worth US$53 billion at maturity. Goldman believes this gives it a very long runway for growth, particularly given its position as the number four/five player in the key market.

    WiseTech Global Ltd (ASX: WTC)

    Another ASX tech share to look at is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use system.

    WiseTech Global has been experiencing strong demand for its platform from many of the largest logistics companies in the world. Combined with a host of bolt-on acquisitions in recent years to strengthen its offering, this has underpinned very strong revenue and earnings growth.

    Pleasingly, with its customers now the ones making acquisitions, WiseTech Global has been benefiting from increasing usage from existing customers as they expand. And with this trend expected to continue, it bodes well for the company’s growth in the coming years.

    Morgan Stanley is positive on WiseTech Global. Its analysts currently have an overweight rating and $35.00 price target on its shares.

    The post 2 exciting ASX tech shares that are highly rated appeared first on The Motley Fool Australia.

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    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.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd and WiseTech Global. The Motley Fool Australia owns shares of and has recommended WiseTech Global. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • These ASX dividend shares keep giving investors a pay rise

    piles of coins increasing in height with miniature piggy banks on top

    There are a few ASX dividend shares that have kept increasing their dividends for shareholders for many years in a row.

    Dividends aren’t guaranteed. They can be reduced or halted altogether – like we saw during the COVID-19-impacted year of 2020.

    But these two have been growing the dividend for some time:

    Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

    This business, also known

    as Soul Patts, is a diversified investment conglomerate. It has the longest dividend record on the ASX when it comes to dividend increases. Soul Patts has increased its dividend every year since 2000.

    The investment conglomerate has also paid a dividend every year since it listed in 1903.

    It has a diversified portfolio of a number of different ASX shares. Some of its larger investments include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), New Hope Corporation Limited (ASX: NHC), Pengana Capital Group Ltd (ASX: PCG), Pengana International Equities Ltd (ASX: PIA), Tuas Ltd (ASX: TUA), Bki Investment Co Ltd (ASX: BKI), Commonwealth Bank of Australia (ASX: CBA), Woolworths Group Ltd (ASX: WOW) and Bailador Technology Investments Ltd (ASX: BTI).

    The ASX dividend share also has an unlisted portfolio of assets and businesses in sectors like resources, financial services, agriculture and swimming schools.

    It’s this diversified portfolio that pays cashflow up to Soul Patts each year which then allows the business to pay a lot of it out to shareholders, with the rest retained for further investments.

    Soul Patts recently launched a takeover offer for Milton Corporation Limited (ASX: MLT). Management believe that this will unlock more unique investments for Soul Patts, including private equity and property.

    At the current Soul Patts share price, it has a fully franked dividend yield of 1.85%.

    Domino’s Pizza Enterprises Ltd. (ASX: DMP)

    Domino’s is one of the largest food businesses on the ASX. It has a global network of stores in ANZ, Europe and Japan. Indeed, the Japanese market recently saw the 800th store opening.

    These stores have been generating same store sales growth for a number of years, pushing profit higher for the ASX dividend share.

    The increasing scale of the ASX dividend share is seeing profit rise faster than revenue. In the first six months of FY21, network sales went up 16.5% to $1.84 billion (with online sales increasing 25.4% to $1.42 billion). But earnings before interest, tax, depreciation and amortisation (EBITDA) rose 23.8% to $218.7 million, earnings before interest and tax (EBIT) went up 32.3% to $153 million, underlying net profit grew 32.8% to $96.2 million and free cashflow surged 50.3% to $124.4 million.  

    That profit growth allowed Domino’s to fund a 32.5% increase in the interim dividend to 88.4 cents per share.

    The growing size of Domino’s has allowed the business to keep growing profit and the dividend.

    By 2033, Domino’s is looking to grow its overall network to at least 5,550 stores (or more, which I’ll get to in a moment). The aim is for Europe to have 2,850 stores, ANZ will have 1,200 stores and Japan will have 1,500 stores.

    Domino’s also recently announced the acquisition of Domino’s Taiwan where there are currently 157 stores and it has plans for more than 400 stores over the long-term. Domino’s increased its future store count goal in Asia from 1,500 stores to 1,900 stores by somewhere between 2030 to 2032.

    Domino’s has a partially franked dividend yield of 1.2%.

    The post These ASX dividend shares keep giving investors a pay rise appeared first on The Motley Fool Australia.

    These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

    Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

    Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

    Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

    Returns As of 15th February 2021

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    Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bailador Technology Investments Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Bailador Technology Investments Limited and Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 buy-rated small cap ASX shares

    guy helping girl invest in shares and dividends

    At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

    Two that investors might want to get better acquainted with are listed below. Here’s what you need to know about them:

    Hipages Group Holdings Ltd (ASX: HPG)

    The first small cap to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider.

    The company’s platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals. It also offers tradies a solution to run their business from, cutting down on general administration duties.

    Goldman Sachs is a big fan of the company and believes it is well-placed for growth over the next decade. The broker notes that Hipages is building a compelling marketplace, with a healthy balance between consumers and tradies. It has also been pleased with recent app download data, website visits, and job ad growth.

    It expects more of the same in the future and sees scope for Hipages to grow its share of industry advertising spend from 5% to upwards of 60% eventually.

    Goldman currently has a buy rating and $3.40 price target on its shares.

    SILK Laser Australia Limited (ASX: SLA)

    Another small cap ASX share to watch is SILK Laser. It is a laser, skin care, and cosmetic injections company.

    Thanks to increasing demand and store network expansion, SILK has been growing at a strong rate in FY 2021. For example, during the first half, SILK reported a 62% increase in network sales to $44.9 million and a 305% increase in net profit to $4.7 million.

    At that point, management advised that it intended to grow its network by 6 to 10 new clinics per annum from 60 up to a target of approximately 150 clinics. However, it has just accelerated its network growth by signing an agreement to acquire Australian Skin Clinics in Australia and The Cosmetic Clinic in New Zealand for $47 million. This adds a total of 56 more clinics to its network, taking its total to 117.

    Management notes that it also solidifies its number two market position and opens the company up to new markets.

    Analysts at Ord Minnett are positive on the company and currently have a buy rating and $10.69 price target on its shares.

    The post 2 buy-rated small cap ASX shares 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 more than eight 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 May 24th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended SILK Laser Australia Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Top brokers name 3 ASX shares to buy next week

    finger pressing red button on keyboard labelled Buy

    Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

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

    Cochlear Limited (ASX: COH)

    According to a note out of Macquarie, its analysts have retained their outperform rating and increased the price target on this hearing solutions company’s shares to $264.00. The broker made the move after a survey of US audiologists revealed that patient numbers were increasing on pre-COVID levels. In addition to this, audiologists spoke positively about its products, ranking them highest for both adult and paediatric patients. The Cochlear share price ended the week at $248.78.

    Costa Group Holdings Ltd (ASX: CGC)

    A note out of Credit Suisse reveals that its analysts have retained their outperform rating and $4.15 price target on this horticulture company’s shares. According to the note, the broker is pleased with Costa’s plan to acquire 2PH Farms. It believes it is an excellent business, has significant strategic value, and comes at a fair price. The Costa price last traded at $3.40.

    Westpac Banking Corp (ASX: WBC)

    Analysts at Citi have retained their buy rating and $29.50 price target on this banking giant’s shares. This follows news that Westpac will not be offloading its New Zealand banking business. It feels this reflects the complexities of divesting from a liquidity and capital perspective. Based on the alternatives, Citi appears to believe this was the correct decision and suggests that this is the end of the matter now. Outside this, Citi notes that Westpac is aiming to make significant cost reductions and expects this to drive improvements in its return on equity. The Westpac share price ended the week at $25.89.

    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 more than eight 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 May 24th 2021

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    Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cochlear Ltd. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Top brokers name 3 ASX shares to sell next week

    business man holding sign stating time to sell

    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 caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

    A2 Milk Company Ltd (ASX: A2M)

    According to out of Citi, its analysts have retained their sell rating and $5.85 price target. The broker has been looking into Chinese online retailers and notes that domestic infant formula producers are becoming increasingly popular with consumers. This has led to a2 Milk dropping down in its sales rankings. Outside this, the broker remains bearish on the company’s prospects and suspects that there is downside risk to its margins over the longer term. The a2 Milk share price ended the week at $6.34.

    Afterpay Ltd (ASX: APT)

    A note out of UBS reveals that its analysts have retained their sell rating and lowly $37.00 price target on this payments company’s shares. This follows news that Afterpay is expanding its pay anywhere offering in the United States to cover 12 major retailers including Amazon. While the broker sees positives from the offering, it has concerns over the impact it may have on existing integrated merchant partners. It points out that Afterpay has used existing merchants to acquire customers but is now leveraging those customers to drive sales for their competitors. The Afterpay share price was fetching $129.00 at Friday’s close.

    Commonwealth Bank of Australia (ASX: CBA)

    Analysts at Morgan Stanley have retained their underweight rating and $89.50 price target on this banking giant’s shares. This follows news that Commonwealth Bank is selling its general insurance business for an upfront fee of $625 million. While the broker expects this to boost its CET1 ratio and support a significant share buyback in August, it isn’t enough for a change of rating. Morgan Stanley notes that its shares are trading on record multiples and appears to believe there are better investment opportunities out there. The Commonwealth Bank share price ended the week at $99.26.

    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 more than eight 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 May 24th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 high quality ETFs for ASX investors

    ETF

    Exchange traded funds (ETFs) can be a fantastic way to balance out your portfolio. This is because ETFs provide investors with easy access to a large and diverse group of shares that you wouldn’t normally have access to.

    With that in mind, I have picked out two ETFs that are popular with investors right now. Here’s what you need to know about them:

    iShares S&P 500 ETF (ASX: IVV)

    The first ETF for investors to look at is the iShares S&P 500 ETF. It aims to provide investors with the performance of the famous S&P 500 Index, before fees and expenses. This index has been designed to measure the performance of large capitalisation US equities.

    BlackRock, which runs the ETF, notes that it gives investors exposure to the top 500 U.S. stocks through a single investment. It feels this can be used to diversify internationally and seek long-term growth opportunities for a portfolio. Among the ETF’s largest holdings are Amazon, Apple, Berkshire Hathaway, Facebook, JP Morgan, Johnson & Johnson, Microsoft, and Tesla.

    Over the last 10 years, the fund has generated an average return of 17.9% per annum.

    VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

    Another ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. It gives investors exposure to a portfolio of companies involved in video game development, hardware, and esports.

    VanEck notes that there are 2.7 billion active gamers in the world, which is more than Netflix subscriptions and active Apple devices. Furthermore, the gaming industry is disrupting traditional sports and media and is experiencing a period of transformative growth.

    Among the companies included in the fund are giants such as graphics processing unit developer Nvidia and game developers Activision Blizzard, Take-Two and Electronic Arts. Take-Two is the company behind the Grand Theft Auto and Red Dead franchises. Whereas Electronic Arts is the company that makes the FIFA and Madden NFL series and Activision Blizzard is behind the Call of Duty series.

    The index the fund tracks has generated a return of 33.6% per annum over the last five years.

    The post 2 high quality ETFs for ASX investors 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 more than eight 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 May 24th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and iShares Trust – iShares Core S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Brokers name 2 ASX dividend shares to buy

    green buy stock button on a keyboard

    If you’re looking to beat low interest rates in 2021, then you might want to look at the dividend shares listed below.

    Both shares offer investors attractive yields that are superior to those offered with term deposits and savings accounts. Here’s what you need to know about them:

    Accent Group Ltd (ASX: AX1)

    The first ASX dividend share to look at is Accent Group. It is a retail conglomerate primarily focused on the footwear market. Among its stable of brands are HypeDc, Platypus, and The Athlete’s Foot.

    Accent has been growing its earnings and dividends at a solid rate in recent years. This has been driven by the increasing popularity of its store brands, exclusive offering, and its ever-expanding footprint.

    Its growth has continued in FY 2021, with Accent reporting a 57.3% increase in net profit after tax to $52.8 million during the first half. Pleasingly, it has built on this during the third quarter, with Accent reporting an acceleration in its sales growth.

    Bell Potter is expecting Accent’s growth to continue. The broker is forecasting dividends of 11.7 cents per share in FY 2021 and then 12.3 cents per share in FY 2022. Based on the current Accent share price of $2.76, this will mean fully franked yields of 4.25% and 4.3%, respectively.

    Bell Potter has a buy rating and $3.30 price target on its shares.

    Telstra Corporation Ltd (ASX: TLS)

    Another ASX dividend share for income investors to look at is Telstra. Analysts are becoming increasingly bullish on the telco giant due to its improving outlook.

    This is due to a combination of cost cutting, restructuring, rational competition, and a positive growth outlook in the key mobile business. The latter is being driven by its 5G leadership.

    Analysts at Ord Minnett have a buy rating and $4.10 price target on its shares. The broker continues to forecast 16 cents per share fully franked dividends for the foreseeable future.

    Based on the current Telstra share price of $3.59, this will mean attractive yields of almost 4.5% over the coming years.

    The post Brokers name 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

    These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

    Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

    Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

    Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

    Returns As of 15th February 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 ASX shares that multiple brokers think could be buys

    ASX shares upgrade buy Woman in glasses writing on buy on board

    The two ASX shares in this particular article are liked by multiple brokers.

    If many brokers like the same business, then it’s worth considering whether it’s an opportunity. But, there’s a chance that all of them are wrong at the same time as well.

    These are two ASX shares that lots of brokers like:

    Corporate Travel Management Ltd (ASX: CTD)

    Corporate Travel Management is currently rated as a buy by at least seven brokers, including Citi.

    Citi has a price target on the business of $23.65, which suggests a potential upside of approximately 10% over the next 12 months.

    The broker believes that Corporate Travel’s balance sheet is in a good position and that the business is at a good value. At 31 March 2021, the ASX share had net cash of $105 million with no debt.

    Citi also thinks that its profit could bounce back quickly. The Travel and Transport acquisition could also turn out to be a smart buy with good growth potential.

    Corporate Travel says that it’s well positioned for the industry consolidation that may occur.

    The ASX share believes that its highly valued delivery mix of expert service, technology and return on investment (ROI) is more relevant in a complex post-COVID environment. It continues to win “significant new clients”.

    Corporate Travel is expecting to generate positive underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter on FY21. This will be led by the UK and EU, as well as Australia and New Zealand.

    New Zealand is a standout – as of the latest update it was trading at above 160% of its FY19 booking levels.

    As a result of the Travel and Transport US acquisition, and the progressed synergies, its overall revenue and EBITDA will be materially higher than FY19 on a pro forma basis after these COVID-19 impacts.

    According to Citi, the Corporate Travel Management share price is valued at 44x FY22’s estimated earnings.

    Newcrest Mining Limited (ASX: NCM)

    Newcrest Mining is one of the largest gold miners on the ASX. It currently has a market capitalisation of around $21 billion according to the ASX.

    It’s also rated as a buy by at least seven brokers. One of the brokers that likes Newcrest Mining is Morgans, with a price target of $30.95. That suggests a potential upside of almost 20% over the next 12 months, if Morgans is correct.

    The broker pointed to higher silver and copper prices as reasons to be positive about Newcrest Mining. Around a fifth of the ASX share’s revenue is generated by its copper operations.

    Newcrests’s latest quarterly report was for the three months to 31 March 2021. It reported lower costs and that it was on track to deliver its FY21 guidance, with growth options advanced.

    Its Cadia asset reported a new record in the March 2021 quarter, with its lowest ever quarterly all-in sustaining cost of “negative $160” per ounce. It achieved a all-in sustaining cost margin of $854 per ounce.

    However, the ASX share saw its gold production decline 4% compared to the three months to 31 December 2020.

    As part of the last quarterly update, Newcrest managing director and CEO Sandeep Biswas said:

    As part of our plan to forge an even stronger Newcrest, we continue to progress multiple organic growth options across our gold and copper assets with a number of key project milestones delivered during the period.

    The post 2 ASX shares that multiple brokers think could be buys 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 more than eight 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 May 24th 2021

    More reading

    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 owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 ASX shares that could be worth looking at this weekend

    Young man with laptop watching stocks and trends while thinking

    Betashares Global Cybersecurity ETF (ASX: HACK)

    This ASX share is a cybersecurity exchange-traded fund (ETF) which gives exposure to both global large players and emerging businesses.

    Worldwide spending on cybersecurity is expected to grow to almost US$250 billion by 2023. It’s expected to be US$203 billion in 2021 and it was US$137.6 billion in 2017 according to BetaShares.

    When considering why should investors consider cybersecurity businesses, BetaShares says that due to the rising number of internet-connected devices across the globe, and the associated rapidly escalating cost of cybercrime, cybersecurity services can be considered a growth sector. Most major public and private organisations continue to spend more on cybersecurity in recent years.

    It has an annual management cost of 0.67%.

    Some of the largest businesses in the portfolio include Crowdstrike, Zscaler, Okta, Accenture, Cisco Systems, Cloudflare, Varonis Systems, Splunk, Fortinet and Cyberark Software.

    Pushpay Holdings Ltd (ASX: PPH)

    Pushpay is a leading electronic donation ASX share which processes billions of dollars of payments for large and medium US churches.

    In FY21, Pushpay processed US$5.9 billion of donations. This was an increase of 39%. Pushpay is expecting continued growth in total processing volume driven by continued growth in the number of customers using its donor management system, further development of its product set resulting in higher adoption and usage, and increased adoption of digital giving of its customer base.

    This ASX share has plans for the future.

    It wants to achieve a 50% market share of donations for churches in the US. This could translate into US$1 billion of annual revenue.

    Pushpay recently unveiled plans to invest between US$6 million to US$8 million in FY22 to grow in the Catholic segment of the sector. The benefits of this investment are expected to be felt over the coming years.

    The growth of processing volume is turning into revenue, profit and cashflow growth.

    In FY21, operating revenue increased by 40% to US$179.1 million, net profit after tax (NPAT) rose by 95% to US$31.2 million and operating cashflow increased by 145% to US$57.6.

    Expanding operating leverage helped the business grow its profit quicker than revenue. Whilst operating revenue grew 40%, operating expenses only increased by 9%. As a percentage of operating revenue, total operating expenses improved by 11 percentage points from 47% to 36%.

    Pushpay is expecting “significant” operating leverage to accrue as operating revenue continues to increase, while growth in operating expenses remains low.

    At the current Pushpay share price, it’s valued at 32x FY22’s estimated earnings according to Commsec.

    The post 2 ASX shares that could be worth looking at this weekend appeared first on The Motley Fool Australia.

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

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