Category: Stock Market

  • Guess which ASX 200 stock was just downgraded by a leading broker

    Three guys in shirts and ties give the thumbs down.

    Three guys in shirts and ties give the thumbs down.

    Nufarm Ltd (ASX: NUF) shares have been in great form in recent months.

    For example, the ASX 200 stock has risen almost 35% since the start of October.

    This leaves the agricultural chemicals company’s shares trading within sight of a 52-week high.

    Unfortunately, one leading broker is now calling time on its rally and has downgraded its shares.

    ASX 200 stock downgraded

    According to a note out of Bell Potter, its analysts have downgraded the company’s shares to a hold rating with an unchanged price target of $6.35.

    While this still implies potential upside of 9% for investors over the next 12 months, the broker feels there isn’t a sufficient risk/reward on offer to support a buy rating.

    Though, it certainly doesn’t think that investors should be offloading the ASX 200 stock right now. It feels it would be well worth holding tight to them given its belief that FY 2025 could be a standout year for the company.

    For example, Bell Potter expects Nufarm to report a 4% decline in net profit after tax to $117.6 million in FY 2024. But in FY 2025, it forecasts an impressive 32% jump in profits to $155.7 million and then another 25% increase to $195.6 million in FY 2026.

    A key driver of this growth is expected to be the Beyond Yield platform from its Seed Technologies business, Nuseed. The broker commented:

    NUF continues to trade at a reasonably large discount to global peers (which in the recent months have re-rated) and we continue to see FY25e as likely to be the year when the Beyond Yield platform takes over as the growth engine for NUF. However, considering the recent share price we move we moderate our rating from Buy to Hold.

    The post Guess which ASX 200 stock was just downgraded by a leading broker 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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  • ASX dividend investors: Is BHP stock a buy now?

    Miner holding cash which represents dividends.

    Miner holding cash which represents dividends.

    BHP Group Ltd (ASX: BHP) stock features heavily in income portfolios across the country.

    And it isn’t hard to understand why.

    With the mining giant paying out billions of dollars in dividends each year, you can usually count on a generous dividend yield from its shares.

    But is that the case today? Let’s find out.

    Is BHP stock a buy now for ASX dividend investors?

    A number of brokers see a lot of value in BHP stock at current levels.

    For example, Macquarie has an outperform rating and $48.00 price target on the Big Australian’s shares at present. This suggests potential upside of almost 10% for investors over the next 12 months.

    In addition, importantly for income investors, the broker is expecting above-average dividend yields from the miner in the near term.

    It has pencilled in fully franked dividends per share approximately $2.13 in FY 2024 and $2.58 in FY 2025. Based on the latest BHP share price of $43.86, this would mean yields of 4.85% and 5.9%, respectively.

    Is anyone else bullish?

    Macquarie isn’t alone with its bullish view on BHP stock.

    Goldman Sachs has a buy rating and $49.40 price target on its shares, which suggests even greater potential upside of 12.5% from current levels.

    As for income, the broker has pencilled in fully franked dividends of approximately $2.19 per share in FY 2024 and then $1.93 per share in FY 2025. This will mean attractive yields of 5% and 4.4%, respectively, for income investors.

    Commenting on the Big Australia, Goldman Sachs said:

    We are Buy rated on: (1) Attractive valuation, but at a premium to RIO; (2) GS bullish copper and met coal; (3) Optionality with +US$20bn copper pipeline and improved production growth; (4) Robust FCF, but still below RIO. We continue to believe that BHP’s major opportunity is growing copper production in Chile at Escondida and Spence, and growing copper production and capturing synergies in South Australia between Olympic Dam and the previous OZL assets.

    The post ASX dividend investors: Is BHP stock a 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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

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  • Bell Potter just slapped a buy rating on this ASX mining stock

    A mining employee in a white hard hat cheers with fists pumped as the Hot Chili share price rises higher today

    A mining employee in a white hard hat cheers with fists pumped as the Hot Chili share price rises higher today

    WA1 Resources Ltd (ASX: WA1) shares have been on fire over the last 12 months.

    During this time, the ASX mining stock has risen over 800%.

    This has been driven by excitement over its West Arunta Niobium project.

    Niobium is a critical metal with properties that make it essential as the world transitions to a low-carbon economy. It is primarily used as a micro-alloy in steelmaking, providing significant improvements in strength, corrosion resistance, and heat resistance on the alloyed steel.

    Can this ASX mining stock keep rising?

    The good news is that Bell Potter’s analysts still see plenty of upside for investors.

    According to a note this morning, the broker has initiated coverage on the niobium explorer’s shares with a speculative buy rating and $17.65 price target.

    This implies potential upside of 36% for investors over the next 12 months.

    The broker believes that the Luni deposit at the West Arunta Niobium project has potential to be a globally significant tier-1 asset. It said:

    We initiate on WA1 with a Speculative BUY recommendation and a $17.65/sh valuation. WA1 is advancing the West Arunta Niobium project which includes the Luni prospect, in North-Western Australia.

    Luni has the potential to be a globally significant Tier-1 asset characterised by its high-grade and scale (BPe Inferred +100Mt at +1% Nb2O5). We believe a maiden Indicated Resource for Luni will support initial development studies, with further expansion looking to support a long-life (BPe ~30 year) globally significant project like Lynas Rare Earths (LYC, Buy $7.20/sh) Mt Weld deposit in the rare earths sector. WA1 are targeting the release of a Maiden Mineral Resource estimate (MRE) in 4QFY24, which we expect will be supportive of our investment thesis.

    Bell Potter believes the ASX mining stock could be “generating on average A$427m in annual EBITDA” once Luni is commissioned.

    The post Bell Potter just slapped a buy rating on this ASX mining stock 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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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 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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  • 2 of the best ASX dividend stocks to buy in March

    Person handing out $50 notes, symbolising ex-dividend date.

    Person handing out $50 notes, symbolising ex-dividend date.

    If you want some high quality options in your income portfolio, then it could be worth checking out the ASX dividend stocks listed below.

    That’s because they have been named as best buys by brokers in March. Here’s what they are saying:

    Healthco Healthcare and Wellness REIT (ASX: HCW)

    Bell Potter thinks that this healthcare property company could be a great option for income investors.

    It has named the ASX dividend stock on its preferred list in March with a buy rating and $1.70 price target. The broker commented:

    HCW has underperformed the REIT sector last 3 months (-10% vs. +22% XPJ) following bond yield reversion and is attractively priced at 20% discount to NTA (but only REIT to record flat to positive valuation movement at 1H24) with double digit 3 year EPS CAGR given high relative sector debt hedging and ability to grow its $1bn development pipeline via attractive YoC spread to marginal cost of debt. Longer term, HCW has significant scope for growth with an estimated $218 billion addressable market where an ageing and growing population should underpin long-term sector demand.

    Bell Potter expects dividends per share of 8 cents in FY 2024 and 8.3 cents in FY 2025. Based on its current share price of $1.43, this will mean yields of 5.6% and 5.8%, respectively.

    Woodside Energy Group Ltd (ASX: WDS)

    Another ASX dividend stock that is rated highly is energy giant Woodside.

    Morgans has it on its best idea list with an add rating and $34.20 price target. It sees recent share price weakness as a buying opportunity. The broker explains:

    A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions. Increasing our conviction in our call is the progress WDS is making through the current capex phase, while maintaining a healthy balance sheet and healthy dividend profile.

    As for income, Morgans is forecasting fully franked dividends per share of $1.32 in FY 2024 and $1.12 in FY 2025. Based on the current Woodside share price of $29.71, this will mean yields of 4.4% and 3.8%, respectively.

    The post 2 of the best ASX dividend stocks to buy in March 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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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  • 5 things to watch on the ASX 200 on Friday

    Business woman watching stocks and trends while thinking

    Business woman watching stocks and trends while thinking

    On Thursday, the S&P/ASX 200 Index (ASX: XJO) was on form and pushed higher. The benchmark index rose 0.4% to 7,763.7 points.

    Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

    ASX 200 expected to rise

    The Australian share market looks set to end the week in a positive fashion following a decent night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 49 points or 0.6% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.3%, the S&P 500 is up 1%, and the NASDAQ is up 1.65%.

    Oil prices soften

    ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a subdued finish to the week after oil prices edged lower overnight. According to Bloomberg, the WTI crude oil price is down 0.4% to US$78.84 a barrel and the Brent crude oil price is down 0.1% to US$82.86 a barrel. Oil prices ran out of steam after a decent run this week.

    ASX 200 shares going ex-dividend

    Another group of ASX 200 shares will be going ex-dividend on Friday and could trade lower. This includes financial services company Insignia Financial Ltd (ASX: IFL), media giant Nine Entertainment Co Holdings Ltd (ASX: NEC), and logistics solutions company WiseTech Global Ltd (ASX: WTC).

    Gold price rises again

    ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good session after the gold price pushed higher again overnight. According to CNBC, the spot gold price is up 0.4% to US$2,167.1 an ounce. Gold hit a new high on rate cut hopes.

    Nufarm downgraded

    Nufarm Ltd (ASX: NUF) shares are about fair value according to analysts at Bell Potter. This morning, the broker has downgraded the agricultural chemicals company’s shares to a hold rating with a $6.35 price target. It said: “We continue to see FY25e as likely to be the year when the Beyond Yield platform takes over as the growth engine for NUF. However, considering the recent share price move we moderate our rating from Buy to Hold.”

    The post 5 things to watch on the ASX 200 on Friday 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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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 positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Nine Entertainment. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • On International Women’s Day, what do 81% of female Aussie investors want in 2024?

    Smiling woman at desktop and tabletSmiling woman at desktop and tablet

    On this International Women’s Day, it’s encouraging to see how many Australian women are jumping into the world of investing and ASX shares.

    Share market floors with all the yelling and chain-smoking brokers on the telephone are now consigned to the past, and the accessibility of online trading has lowered the barriers of entry for female and young investors.

    Due to increased independence and a longer life expectancy, Ausiex executive Brett Grant said that women will have considerable wealth to manage in the coming years.

    “Women are likely to be the primary beneficiaries of the intergenerational wealth transfer,” he said.

    “Various studies suggest 60% to 70% of wealth in the US and UK, respectively, is likely to be inherited by females over the coming years and it’s reasonable to expect a similar trend in Australia.”

    In 2024, women want to invest 

    Stock broking app Moomoo recently conducted a study into what female Australian investors are thinking right now.

    And the survey found a definite difference between the reasons what stops the typical woman from investing compared to an average man.

    “Men list access to capital as their biggest impediment to trading,” said Moomoo market strategist Jessica Amir.

    “Whilst women are hampered by a lack of available time, limited knowledge of trading platforms, and a lack of experience.”

    One overwhelming message was that, even among those who already have a stock portfolio, women want to be more active.

    The research found 80.9% of female investors are planning to execute more stock trades over the next 12 months.

    Making the world a better place

    This increase in participation is encouraging for not just financial reasons but to make the world a better place generally.

    The study showed 38.3% of female investors place a high priority on the ​​environmental, social, and corporate governance (ESG) credentials of their investments, as opposed to just 24% of men.

    The more investors care about ESG factors, the higher the chances that companies will listen to their concerns.

    According to Amir, the amount of free resources available online these days means women can dip their toes into ASX shares far easier than in decades past.

    Some broking platforms like Moomoo even allow dummy trades so that beginners can have a trial run before putting up real cash.

    “There are easy to digest ‘invest 101’ courses, library resources and market analysis within the app, which also includes the opportunity to paper trade. 

    “Taking a steady approach to learning about investing is a good way to build confident behaviours.”

    The post On International Women’s Day, what do 81% of female Aussie investors want in 2024? 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor Tony Yoo 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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  • Are you investing or gambling?

    Two men in a bar looking uncertain as they hold a betting slip and watch TV.Two men in a bar looking uncertain as they hold a betting slip and watch TV.

    ASX shares have been one of the best ways to invest over the past century. However, many people don’t achieve those returns because they treat investing as gambling.

    What’s the difference?

    Dr Shane Oliver, the head of investment strategy and chief economist of AMP Ltd (ASX: AMP) Investments, recently wrote an article that included several useful investment quotes.

    One that particularly appealed to me was from economist Paul Samuelson, who said: “Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”

    The short-term is gambling

    No one knows with certainly what share prices are going to do tomorrow, next week or next month. We can hope that our shares go up in the shorter term, but that’s not certain – we’d need a crystal ball to know exactly when and how share prices are going to move.

    Putting money into the ASX share market with the thought of making a profit in a week is like betting on red at the casino. It may happen, or it may not.

    Long-term investing is the way to go

    But, if in 2014, we had said that the long-term profit outlooks for Apple and Alphabet were compelling because of the increasing amount of smartphones, the growing internet usage and so on, we’d have invested in two of the world’s best businesses at good prices, setting us up for strong long-term gains over the next decade.

    In my opinion, the more time we put into a quality investment, the more likely it is to pay off.

    Good businesses have a habit of growing profit and justifying higher share prices over time.

    Companies like Wesfarmers Ltd (ASX: WES), Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), TechnologyOne Ltd (ASX: TNE) and Premier Investments Limited (ASX: PMV) have been growing their profit (most years) for a long time, which is why long-term shareholders are sitting on significant capital gains and are regularly seeing dividend growth.

    It’s a good idea to own these sorts of winners for many years to allow compounding to work its magic.

    As Warren Buffett once said:

    Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

    Foolish takeaway

    If we invest for the long term, we give ourselves the best chance of making satisfactory returns.

    Occasionally, there will be bear markets, which we can’t control. But, those times of market distress can be the best period to invest for low prices, despite the fears.

    The post Are you investing or gambling? 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Apple, Technology One, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia has recommended Alphabet, Apple, Premier Investments, and Technology One. 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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  • 3 reliable ASX shares you can buy at a discount

    Three people in a corporate office pour over a tablet, ready to invest.Three people in a corporate office pour over a tablet, ready to invest.

    Quality ASX shares going for cheap — that’s what everyone wants, right?

    Yet it’s easier said than done to pick a portfolio full of those.

    If it were easy, everyone would do it and be rich.

    The reality is that no one, not even experts who invest for a living, knows for certain what their share purchases will do.

    However, we can manage the risk by looking for certain traits.

    Does management have a long track record of growing the company? How dominant is the business in its field and how strong are its rivals? Are there external factors that are favourable for the future? Is it profitable and have manageable debt?

    Let’s check out three cheap ASX shares that tick a lot of these boxes:

    These ASX shares are down despite beating expectations

    Johns Lyng Group Ltd (ASX: JLG) has been a long-time favourite among professional investors, but it has taken an almost 13% haircut over the past fortnight.

    The analysts at QVG Capital explained the negative reaction was in response to the half-year results.

    “Johns Lyng actually beat earnings expectations and increased full year guidance,” they said in a memo to clients.

    “Unfortunately, the devil was in the detail and the detail showed the US business didn’t grow in the half.”

    The US market is seen as one of the big drivers of growth for Johns Lyng, so investors punished it for the lack of progress.

    But with earnings still growing, the QVG team is sticking by the insurance repairer, retaining the largest investment in the fund.

    Reassuringly, nine out of 11 analysts are still rating Johns Lyng shares as buy, according to broking platform CMC Invest.

    A dominant position in its field

    After showing off boom numbers in January, Resmed CDI (ASX: RMD) shares have deflated more than 7%.

    One reason for the dip might be that the stock went ex-dividend in early February.

    Regardless, the share price is now at a nice discount for those willing to buy for the long run.

    Even after last year’s dramas about the threat of Ozempic on ResMed’s addressable market, the stock has risen more than 90% over the past five years.

    The company is the dominant player in the sleep apnoea treatment industry, and its nearest competitor Koninklijke Philips NV (AMS: PHIA) is still dealing with the consequences of a safety recall on its products.

    On CMC Invest right now, 19 out of 26 analysts recommend ResMed as a buy.

    Cheap ASX shares for the electrification of fossil fuel engines

    For something a bit different, Global X Battery Tech & Lithium ETF (ASX: ACDC) seems cheap at the moment.

    Of course, ASX lithium shares, like all mining stocks, are liable to be very volatile and cyclical.

    But with an exchange-traded fund (ETF) such as this, one can invest in the whole sector as a theme.

    And this is a theme that seems to have irresistible tailwinds in the long run.

    After the global lithium carbonate price reached almost 600,000 CNY per tonne in late 2022, it was all a bit of a disaster in 2023. Now it’s hovering just above 108,000 CNY per tonne.

    With demand set to grow for years as the world seeks to reduce its carbon emissions, it seems like the lithium price will likely be higher in 10 years time, especially from the current depression.

    The share price for the Global X Battery Tech & Lithium ETF itself is about 16% down from June last year, so is trading at a decent discount.

    The post 3 reliable ASX shares you can buy at a discount appeared first on The Motley Fool Australia.

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

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    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor Tony Yoo has positions in Johns Lyng Group and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Global X Battery Tech & Lithium ETF, Johns Lyng Group, and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Global X Battery Tech & Lithium ETF and Johns Lyng Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Want passive income? This high-yielding ASX dividend stock pays cash every quarter

    An Australian farming woman of the land wears an akubra hat and work shirt smiles broadly as she looks out over turned soil paddocks with a mountain range far off in the distance and blue sky above.An Australian farming woman of the land wears an akubra hat and work shirt smiles broadly as she looks out over turned soil paddocks with a mountain range far off in the distance and blue sky above.

    Most ASX dividend stocks only pay passive income investors cash twice per year.

    That tends to be a month or so after announcing their half-year results (the interim dividend). And again a month or so following their full-year results (the final dividend).

    Indeed, if you’ve run your slide rule over the companies making quarterly payouts you’ll have found that list isn’t overly large.

    But there are a few quality, high-yielding ASX dividend stocks to consider if you’re after a more regular passive income stream.

    Which brings us to…

    Reliable quarterly passive income from this ASX REIT

    If you invest for passive income, you may be familiar with Rural Funds Group (ASX: RFF).

    The real estate investment trust (REIT) holds and leases agricultural equipment and land, including cattle ranches, vineyards and cropping acreage.

    And it has a long and growing track record of paying quarterly dividends.

    Rural Funds reported its half year results on 23 February.

    Highlights included a 19.5% year-on-year increase in earnings, which reached $71 million over the six months. That boost was spurred by a $4.6 million increase in property revenue, which came in at $42 million. Asset revaluations also helped increase Rural Funds earnings.

    On the passive income front, the REIT declared an unfranked dividend of 2.9 cents per share.

    The stock trades ex-dividend on 27 March, so there’s still time to grab that quarterly payout. Eligible investors can then expect to see that passive income hit their bank accounts on 30 April.

    The last three quarterly dividend distributions all came out to 2.9 cents per share as well. That equates to a full-year payout of 11.6 cents per share.

    At Thursday’s closing price of $2.13 per share, this works out to a dividend yield (partly trailing, partly pending) of 5.5%.

    Looking ahead, Rural Funds forecast FY 2024 quarterly dividend payments will remain largely in line with the past quarters.

    And the REIT aims to increase its passive income payouts each year from here.

    Rural Funds notes that it targeted “distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties”.

    The Rural Funds share price is down 2% over 12 months and up 5% over the past six months.

    The post Want passive income? This high-yielding ASX dividend stock pays cash every quarter 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Here are the top 10 ASX 200 shares today

    a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today

    a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today

    It was a rather wild, but overall positive day for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares this Thursday. After a shaky week, investors will welcome the index’s strong showing.

    After a rough start this morning, the ASX 200 finished up this afternoon with a gain of 0.39%, leaving the index at 7,763.7 points – around 5 points off of its all-time record high.

    This pleasing showing from ASX shares follows a happy night up on the American markets overnight.

    The Dow Jones Industrial Average Index (DJX: .DJI) staged a slight recovery, clawing back 0.2% overnight.

    The Nasdaq Composite Index (NASDAQ: .IXIC) did even better again, rising by a happy 0.58%.

    Let’s now return to the ASX though, and check out how the different ASX shares ASX sectors were moving today.

    Winners and losers

    There were far more winners than losers this Thursday, but let’s get the latter out of the way first.

    Today’s worst-performing sector came in at energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) had a pretty awful session, tanking by 1.15%.

    The only other sector to record a loss was mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) barely dropped though, slipping by just 0.02%.

    Turning now to the far more numerous winners, it was gold shares leading the pack today. The All Ordinaries Gold Index (ASX: XGD) again had a glorious day, and rose 1.81%, thanks no doubt to new all-time high gold prices.

    Industrial shares also had a day to remember, with the S&P/ASX 200 Industrials Index (ASX: XNJ) surging 1.33%.

    Following industrials we had tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) staged a 1.03% recovery this session.

    ASX consumer staples shares were another bright spot, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)’s 0.78% gain.

    Their consumer discretionary counterparts were just behind that, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) adding 0.76%.

    Utility stocks were hot on the heels of that move, with the S&P/ASX 200 Utilities Index (ASX: XUJ) rising 0.72%.

    Financial shares came next, as evidenced by the S&P/ASX 200 Financials Index (ASX: XFJ)’s lift of 0.62%.

    Communications stocks proved to be our next winner. The S&P/ASX 200 Communication Services Index (ASX: XTJ) recorded a rise of 0.3%.

    Real estate investment trusts (REITs) were also in demand, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) edging up 0.24%.

    Finally, healthcare stocks were on the tail end of the winners. The S&P/ASX 200 Healthcare Index (ASX: XHJ) inched up by 0.16%.

    Top 10 ASX 200 shares countdown

    Today’s best stock amongst the upper echelons of the ASX was miner Chalice Mining Ltd (ASX: CHN). Chalice shares soared by 9.92% up to $1.33 a share.

    However, that was despite no obvious catalyst, as my Fool colleague James looked into this afternoon.

    Here’s how the rest of today’s winner list looks:

    ASX-listed company Share price Price change
    Chalice Mining Ltd (ASX: CHN) $1.33 9.92%
    Alumina Ltd (ASX: AWC) $1.16 6.42%
    Perseus Mining Ltd (ASX: PRU) $2.07 5.88%
    ResMed Inc (ASX: RMD) $28.82 5.45%
    Megaport Ltd (ASX: MP1) $15.22 4.97%
    Johns Lyng Group Ltd (ASX: JLG) $6.60 4.60%
    Lynas Rare Earths Ltd (ASX: LYC) $6.08 4.47%
    West African Resources Ltd (ASX: WAF) $1.03 4.04%
    Liontown Resources Ltd (ASX: LTR) $1.295 4.02%
    Mineral Resources Ltd (ASX: MIN) $66.66 3.91%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 1 February 2024

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    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 positions in and has recommended Johns Lyng Group, Megaport, and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Johns Lyng Group and Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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