Category: Stock Market

Domino’s Pizza Enterprises Ltd (ASX: DMP) shares have been having a tough time in 2024.

Since the start of the year, the ASX growth stock has lost 25% of their value.

Is this a buying opportunity or should you stay clear of the pizza chain operator’s shares?

Is this ASX growth stock a buy?

The broker community is feeling relatively positive on Domino’s following its half-year results earlier this month.

For example, the teams at Morgan Stanley and Ord Minnett see major upside potential for the ASX growth stock from current levels.

They have price targets of $68.00 and $61.00, respectively. This implies potential upside of 55% and almost 40% for investors over the next 12 months.

To put that into context, a $10,000 investment could turn into approximately $15,500 or $14,000 if these brokers are on the money with their recommendations.

What else is being said?

Elsewhere, Morgans and Goldman Sachs have the equivalent of hold ratings with price targets of $45.00 and $39.70.

Goldman Sachs feels that its shares are about fair value. Though, it acknowledges that there is potential for it to become more positive. It explains:

The company is trading at 25x P/E vs 3-yr EPS CAGR FY23-26e of 15%, which we deem fair relative to the rest of our Consumer/Retail coverage. In order to turn more positive, we would like to see more clarity around Japan/France SSSG pivot, confidence in mgmt team’s ability to execute with local adaptability and hence franchisee payback period to return in key regions to 3-4yrs; we currently calculate ANZ/Europe is ~4years while Japan is ~6years+.

On balance, brokers appear to believe Domino’s could be a decent option for investors look for ASX growth stocks to own.

The post This ASX growth stock is down 25%: Buy, sell, or hold? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Down 27% in 2024, this leading fund manager forecasts a big turnaround for Domino’s shares
• 25 ASX 200 shares with ex-dividend dates next week
• Here’s how these 3 ASX 200 shares just earned substantial broker upgrades
• Here are the top 10 ASX 200 shares today
• Why Bega Cheese, Domino’s, Lovisa, and Universal Store shares are rocketing today

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Goldman Sachs Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

With the S&P/ASX 200 Index (ASX: XJO) up 9% since October, Aussie investors would do well to pay attention to Warren Buffett to cash in on the potential bull run ahead.

The Oracle of Omaha wasn’t particularly wealthy when he began his career as a young man.

But by sticking to some surprisingly simple investing techniques, he became a billionaire by the time he was 56.

And he didn’t stop there.

Now, aged 93 and still actively managing Berkshire Hathaway, Warren Buffett is worth more than US$137 billion (AU$210 billion), according to Forbes.

And with the Australian stock market looking like it may be set for a bull market in 2024, I aim to follow his advice to make the most of it.

Big barriers to entry

In his latest letter to Berkshire shareholders, Buffett wrote:

We want to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring. Within capitalism, some businesses will flourish for a very long time while others will prove to be sinkholes.

One of the core criteria Warren Buffett looks for to find a flourishing company is large barriers to entry for any would-be competitors. Or moats, if you will.

“In business, I look for economic castles protected by unbreachable moats,” he says.

It’s not surprising then that one of Berkshire’s larger holdings is Coca-Cola Co (NYSE: KO).

The Sage of Omaha is not only a big daily consumer of the soft drink, but he also believes its moats are unbreachable.

“If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I’d give it back to you and say it can’t be done,” he’s said.

Think long-term like Warren Buffett

Another valuable piece of advice for Aussie investors in the lead-up to a potential bull run on the ASX 200 is to keep thinking long-term and not try to second guess the market by chasing risky short-term gains.

“Our favourite holding period is forever,” Warren Buffett once opined.

Commenting on Coca-Cola at the recent shareholders meeting, he doubled down on that advice, saying, “When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable.”

Keeping your eyes on the long-term horizon is a great way to cruise through the daily volatility of the share markets without getting spooked into selling near the lows or goaded into buying near the highs.

If you don’t get it, don’t invest in it

Another golden rule to keep in mind when the ASX 200 bull run kicks off in earnest is to stick to investing in companies whose business models you understand.

It’s one of the reasons Warren Buffett won’t invest in cryptos like Bitcoin (CRYPTO: BTC).

“You don’t have to be smart, as long as you stick to what you know,” he said.

But you do need to control the impulse to try and time the markets, which often sees investors buying and selling at inopportune times.

According to Buffett:

Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

The post A bull market could be coming in 2024. Here’s Warren Buffett’s investing advice to help you cash in on it appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 no-brainer ASX shares to buy under $30
• Is this the best high-yield ASX dividend stock for you?
• Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields
• 5 things to watch on the ASX 200 on Wednesday
• If you’d put $30,000 in this ASX retail stock 11 months ago, you’d have $116,000 now

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

from The Motley Fool Australia https://ift.tt/1x8507J

A number of the highest quality ASX shares on the local share market trade with share prices above $100.

This includes the likes of Cochlear Ltd (ASX: COH), CSL Ltd (ASX: CSL), REA Group Ltd (ASX: REA), and Xero Ltd (ASX: XRO).

It is worth noting that a company’s share price in isolation doesn’t indicate that a company is overvalued or not. Brainchip Holdings Ltd (ASX: BRN) is arguably the most overvalued stock on the Australian share market with a share price of 32 cents.

However, one disadvantage with ASX shares that have large share prices is that it can be difficult to purchase them if you’re operating on a budget of say $500.

For example, two CSL shares will set you back $570 and two Cochlear shares will cost you $684.

The good news is that there are a number of ASX shares trading under $30 that could be no-brainer buys according to analysts. Three are named below:

Life360 Inc (ASX: 360)

This rapidly growing location technology company’s shares are currently changing hands for $7.77. This means you could buy 65 shares with a $505.05 investment.

Goldman Sachs is very bullish on the company’s growth outlook. So much so, it has a buy rating and $10.50 price target on its shares.

If Life360’s shares were to rise to that level, your 65 units would be worth $682.50.

ResMed (ASX: RMD)

This sleep disorder treatment could be a top ASX share to buy on a budget. With a share price of $27.85, it would cost you $501.30 to buy 18 units.

Morgans has named the company as one of its best ideas this month with an add rating and $32.82 price target.

If this recommendation proves accurate, your 18 ResMed shares would be worth $590.76.

Treasury Wine Estates Ltd (ASX: TWE)

Wine giant Treasury Wine could be an ASX share to buy right now. With a $502.66 investment you could pick up 41 units.

Morgans is also a big fan of the company and has an add rating and $14.03 price target on its shares. This price target values your 41 Treasury Wine shares at $575.23.

The post 3 no-brainer ASX shares to buy under $30 appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Has the CSL share price got further to fall?
• Why Brainchip, DGL, Weebit Nano, and Zip shares are dropping today
• Brainchip share price crashes 23% following another year of losses for ASX AI chipmaker
• Leading brokers name 3 ASX shares to buy today
• Here’s why ResMed shares can jump a further 20%

from The Motley Fool Australia https://ift.tt/RD4OYp7

When presented with an opportunity to buy an ASX dividend stock offering a high yield, it is entirely reasonable to be sceptical.

After all, you don’t want to be buying into a business that’s declining or has forces beyond its control working against it.

Because that could lead to falls in future dividend payments or, arguably worse, a calamitous drop of the share price.

There’s not much use harvesting 10% yield if the stock is only worth half of what you bought it for.

How is the Accent Group travelling?

After the latest dividend announcement this month, fashion retailer Accent Group Ltd (ASX: AX1) is now paying a fully franked yield of 7.2%.

That’s a nice income producer, but is it worth buying?

The best barometer of how the business is going is the half-year results it presented during the current reporting season.

And unfortunately, Accent Group did not flatter itself.

The Motley Fool’s James Mickelboro reported that all major metrics were down for Accent Group to start the 2024 financial year.

“Sales down 1.7% to $810.9 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) down 7.5% to $157.5 million.

“Net profit after tax (NPAT) down 27.6% to $42.2 million.”

And the new payout of 8.5 cents per share was 29% lower than a year ago.

The market duly punished the dividend stock, sending the share price 8% down in early trade after the results announcement.

Accent Group runs footwear and clothing chains such as The Athlete’s Foot, Glue, Hype, and Ugg.

As a merchant of consumer discretionary goods, it’s apparent it’s starting to feel the pinch of its consumers straining under the weight of 13 interest rate rises.

What do fund managers think of this dividend stock?

However, professional investors don’t seem to be massively put off.

There have been no major movements in broker recommendations or share price targets since the half-year numbers were revealed on Friday.

According to CMC Invest, five of 12 analysts are keeping their strong buy rating for Accent Group. 

Four are urging a hold, while only three are recommending selling.

Perhaps the Bell Potter team put it best when it reiterated its buy rating.

“We remain constructive on Accent Group given the scale and exposure in terms of channels, brands and size as the overall industry navigates a challenging retail spend environment in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies within The Athlete’s Foot and via exclusive partnerships with globally winning brands as Hoka.”

The post Is this the best high-yield ASX dividend stock for you? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields
• Brokers say these ASX dividend shares are buys
• Leading brokers name 3 ASX shares to buy today
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Accent share price sinks 8% on earnings slump and dividend cut

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

from The Motley Fool Australia https://ift.tt/qRlLwU4

Are you looking for some new additions to your income portfolio? If you are, then read on.

That’s because listed below are three ASX dividend shares that brokers have recently named as buys and tipped to offer 5%+ dividend yields.

This means that $10,000 invested in their shares would yield at least $500 in passive income.

Here’s what you need to know:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is Accent. It owns a collection of footwear focused retail store brands such as The Athlete’s Foot, Stylerunner, HYPEDC, and Sneaker Lab.

Bell Potter is positive on the company and believes recent weakness has created a buying opportunity for investors. It has a buy rating and $2.50 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the current Accent share price of $1.97, this represents dividend yields of 6.6% and 7.4%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that analysts are bullish on is Rural Funds.

It is an agricultural property company that generates revenue from leasing almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, cattle and water rights.

Bell Potter is also positive on the company and has a buy rating and $2.40 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.10, this will mean yields of 5.6% for investors.

Stockland Corporation Ltd (ASX: SGP)

Finally, this residential and land lease developer and retail, logistics and office real estate property manager could be another ASX dividend share to buy.

That’s the view of analysts at Citi, which currently have a buy rating and $5.00 price target on its shares.

As for income, Citi is forecasting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the Stockland share price of $4.47, this represents dividend yields of 5.9% and 6%, respectively.

The post Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Brokers say these ASX dividend shares are buys
• Leading brokers name 3 ASX shares to buy today
• 3 ASX shares to buy and hold forever
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Accent share price sinks 8% on earnings slump and dividend cut

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/uZDWj9p

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) fought hard for a small gain. The benchmark index ended the day 0.1% higher at 7,663 points.

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

ASX 200 expected to rise

The Australian share market looks set to rise again on Wednesday despite a mixed session in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.15% higher. In late trade on Wall Street, the Dow Jones is down 0.4%, the S&P 500 is flat, and the Nasdaq is 0.2% higher.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.6% to US$78.80 a barrel and the Brent crude oil price is up 1.2% to US$83.52 a barrel. Traders are anticipating production cuts from OPEC.

Flight Centre results

The Flight Centre Travel Group Ltd (ASX: FLT) share price will be on watch today when the travel agent releases its half-year results. Goldman Sachs expects sales growth of 28.5% to $1,288.1 million and earnings before interest and tax (EBIT) growth of 344.9% over the prior corresponding period. This is modestly higher than the market consensus estimate.

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a reasonably positive session on Wednesday after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.2% to US$2,042.3 an ounce. Traders appear to be expecting upcoming US inflation data to support rate cuts.

Coles rated as a sell

Coles Group Ltd (ASX: COL) shares are overvalued according to analysts at Goldman Sachs. This morning, in response to the supermarket operator’s half-year results, the broker has retained its sell rating with an improved price target of $15.10. This implies 10% downside from current levels. It said: “FY24-26e EBIT +2% to 6% on positive cost management though still below Consensus on EBIT with relative valuation gap closed.”

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Here’s everything you need to know about the Woodside dividend
• Why Coles, G8 Education, Helia, and Reece shares are storming higher
• Everything you need to know about the new Coles dividend
• Woodside share price rises despite 74% decline in FY23 profits

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/hLD2fd6

When the fortunes of a stock turn, it often happens rapidly.

This is why many experts advise staying invested during tough times. The best gains are to be had during those turnaround periods.

A classic example of this is online furniture retail business Temple & Webster Group Ltd (ASX: TPW).

Let’s check out how much money this ASX stock could have made those who kept the faith:

Crashing down to earth after COVID-19 highs

On 20 March last year, Temple & Webster shares were languishing at $3.21.

That was a far cry from its heyday during the COVID-19 era, when it reached the high $13s.

There were several factors working against the business.

First was that consumers were no longer trapped in their homes from lockdowns, so Temple & Webster was no longer enjoying a surge in furniture sales.

This was confirmed a few months later when revenue dipped in the 2023 financial year for the first time in company history.

Another headwind was that the Reserve Bank of Australia was in the midst of a vicious run of 13 interest rate rises in order to combat rampant inflation. This was poison to growth stocks, whose future earnings capability was diminished.

The retail stock on a rip-roaring comeback

Anyway, let’s say you had $30,000 worth of Temple & Webster shares during that dark time.

Fast forward 11 months. As of Monday afternoon, the retailer stock is now trading around $12.40.

That’s an incredible 286% gain in not even one year.

That $30,000 investment would now be $115,887.

A 75% drop in stock price from 2021 through 2022 would have sent many investors fleeing like it was a burning building. But those who held on have been the beneficiaries of a seriously quick u-turn.

Incidentally, quite a few of those who invest for a living reckon Temple & Webster shares have more upside.

Right now eight out of 13 analysts still believe the stock is a buy, according to CMC Invest.

The Motley Fool’s Tristan Harrison has even declared Temple & Webster the “best ASX share buy” in his superannuation fund.

“I think it has a compelling future… As the younger (digital-savvy) Aussies enter their bigger-spending years, it bodes well for the ASX share, in my opinion,” he said last week.

“I’m excited by what the business can become in five years, particularly if it reaches its goal of $1 billion in annual sales sooner rather than later.”

The post If you’d put $30,000 in this ASX retail stock 11 months ago, you’d have $116,000 now appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• A once-in-a-decade chance to get rich from ASX 200 shares?
• This is the best ASX share buy I’ve made in my superannuation fund
• If I could buy only one ASX stock this February earnings season, it would be…
• Why these 3 ASX 200 shares just earned some big broker upgrades
• Why Challenger, Hansen, JB Hi-Fi, and Temple & Webster shares are surging today

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

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

It’s been a rough reporting season for supermarket giant Woolworths Group Ltd (ASX: WOW).

First its chief executive Brad Banducci angrily walked out of an interview on national television — then came back.

Then last week the company reported a whopping half-year loss after significant items of $781 million, which was 192.4% up year-on-year.

Oh, and Banducci announced he was quitting.

It probably doesn’t surprise you that the Woolworths share price has dived more than 8.3% since last Wednesday.

So is this the perfect opportunity to buy a famous S&P/ASX 200 Index (ASX: XJO) stock that represents the largest employer in Australia?

Woolworths losing lots of friends

The recent chaos has done Woolworths no favours among professional investors.

Immediately after Banducci’s exit and the half-year report, they lined up to downgrade their stock expectations.

UBS Group AG (SWX: UBSG) and Morgans both changed their recommendations from buy to neutral. Jefferies, Barenjoey, Goldman Sachs Group Inc (NYSE: GS), Citigroup Inc (NYSE: C), Macquarie Group Ltd (ASX: MQG), Morgans, and Jarden all cut their targets for the Woolworths share price.

So, on face value, those who invest for a living clearly don’t think Woolworths is a bargain buy right now.

After all, more tough times are ahead of the company with government-initiated price gouging enquiries about to put a microscope on the relationships it has with suppliers and customers.

Inflation-driven cost-of-living pressures have called into question the social licence that grocery providers operate under. This will put an enormous public focus on Banducci’s successor Amanda Bardwell to shift profits down in her priorities for the business.

This, of course, is not great news for investors.

So the answer to the question posed in the headline?

No, the Woolworths share price probably can be passed on at the moment. 

Later, when the environment has improved for the supermarket, the stock price might be a tad higher. But investors will have more certainty — i.e. reduced risk — about the direction of the company.

So hold your fire, and watch this space.

The post Is the Woolworths share price too good to pass on? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are 2 ASX shares to buy for a golden retirement
• 25 ASX 200 shares with ex-dividend dates next week
• Analysts have put buy ratings on these ASX dividend stocks
• Are Woolworths shares dirt cheap following the selloff?
• 5 things to watch on the ASX 200 on Thursday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tony Yoo has positions in Macquarie Group. 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.

from The Motley Fool Australia https://ift.tt/B7j358C

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

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 ASX 300 shares receiving broker upgrades today (one with 25% potential upside)
• Why Coles, G8 Education, Helia, and Reece shares are storming higher
• Up 45% in a year, this ASX 200 insurance stock is going gangbusters on strong earnings
• Everything you need to know about the new Coles dividend
• Reece share price jumps 13% on stronger than expected half-year profits

Motley Fool contributor Sebastian Bowen has positions in Endeavour Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nanosonics, Telix Pharmaceuticals, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Coles Group, Nanosonics, and WiseTech Global. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/PQDR1mu

Well, things were looking up for the CSL Ltd (ASX: CSL) share price. Until 12 February earlier this month, that is. 

Between late October and 12 February, CSL shares were on a tear. This ASX 200 healthcare stock rose more than 32% between those two dates. But after the company released some bitterly disappointing test results for a new cardiovascular drug, investors lost a lot of their confidence.

Since 12 February, CSL shares have tanked by more than 6.6%, falling from over $300 each to the $285.50 we see today (at market close).

Not even a confident earnings report earlier this month could restore investor enthusiasm. As we covered at the time, those earnings revealed that CSL was able to record an 11% rise in revenues, as well as a 20% increase in net profits for the six months ending 31 December. Investors were also treated to a 12% dividend pay rise.

Check out the CSL share price’s movements below for yourself:

So with CSL shares coming off the boil and seemingly not getting back on, ASX investors might be asking themselves whether CSL shares have further to fall. After all, it was only in late October that this healthcare giant got as low as $228.65 a share.

Does the CSL share price have further to fall?

Well, let’s see what some ASX experts think.

Following the release of CSL’s earnings, my Fool colleague James covered the views of ASX broker Morgans. Morgans did trim its price target for CSL shares following its disappointing trial results. But it still rates the company as an add following its earnings, with a price target of $315.40. If realised, that would represent an upside of more than 10% from current prices.

Morgans was happy with what CSL reported earlier this month and evidently sees significant value in the company’s share price at its current levels.

But Morgans isn’t the only expert that is eyeing off the healthcare giant right now. eToro analyst Josh Gilbert shares a positive view. Here’s some of what he recently said about CSL right now:

CSL shareholders will have reason to smile today with the release of a solid half-yearly report… [These] results show that the business continues to move in the right direction, and there is plenty to be positive about. With solid profit growth, a healthy dividend, solid guidance, and interest rate cuts not far away, CSL will be on investors’ watchlists.

So it appears that at least two ASX experts reckon CSL shares are more likely to head up than down going forward. But, as always, we’ll have to wait and see if that turns out to be the case.

The post Has the CSL share price got further to fall? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• What is the dividend growth rate of CSL stock?
• ASX blue chip shares: The best of the best for February 2024
• Top brokers name 3 ASX shares to buy next week
• If I could buy only one ASX stock this February earnings season, it would be…
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor Sebastian Bowen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/IQ0FCXs