Last month in March, the Rio Tinto Ltd (ASX: RIO) share price managed to outperform the S&P/ASX 200 Index (ASX: XJO).

The ASX mining share climbed by around 3%, while the ASX 200 dropped just over 1%.

Outperformance of around 4% in just one month is very helpful for Rio Tinto investors hoping to beat the return of the ASX 200 Index considering the ASX iron ore share typically comes with a good dividend yield as well.

Why did the ASX 200 fall in March?

There are 200 businesses in the ASX 200. But, there are two sectors that have a large weighting in the index, so they can have the largest influence – resources and ASX bank shares.

Let’s look at how the four biggest ASX bank shares performed last month.

The Commonwealth Bank of Australia (ASX: CBA) share price dropped 2.3%, the ANZ Group Holdings Ltd (ASX: ANZ) share price fell 7%, the Westpac Banking Corp (ASX: WBC) share price fell around 4% and the National Australia Bank Ltd (ASX: NAB) share price sank 7.6%.

This was unfortunate as investors may have gone negative on the banking sector because of the troubles faced by Silicon Valley Bank (SVB) and Credit Suisse.

On top of that, the Bank of Queensland Ltd (ASX: BOQ) share price dropped 8%, the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price fell 11% and the Macquarie Group Ltd (ASX: MQG) share price declined 7.3%.

Was anything announced that was positive for Rio Tinto shares?

While it wasn’t a positive announcement, the ASX mining share did reveal that it had agreed to pay a $15 million civil penalty to the US Securities and Exchange Commission (SEC) for “violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act.”

But, on the positive side of things, at the end of the month, Rio Tinto announced it was partnering with First Quantum Minerals to progress the La Granja copper project in Peru, which is reportedly one of the largest undeveloped copper deposits in the world.

La Granja has the potential to be a “large, long-life” operation.

First Quantum is going to buy a 55% stake in the project for $105 million and commit to further invest up to $546 million into the joint venture to solely fund capital and operational costs to take the project through a feasibility study and toward development.

After completing the sole funding commitment, all subsequent expenditures will be applied on the basis of how much of the project each business owns.

This transaction is expected to complete by the end of the third quarter of 2023.

Rio Tinto share price snapshot

While it rose in March, the ASX mining share’s valuation hasn’t moved much since the start of the year.

The post Why did the Rio Tinto share price outperform the ASX 200 in March? appeared first on The Motley Fool Australia.

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More reading

• Why did this ASX All Ords stock just crash 68%?
• How I’d invest $20,000 to earn reliable passive income today
• Buy these ASX 200 dividend shares for passive income: analysts
• Why did the Rio Tinto share price lag the ASX 200 today?
• Top ASX dividend shares to buy in April 2023

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 has positions in and has recommended Bendigo And Adelaide Bank and Macquarie Group. The Motley Fool Australia has recommended Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for ASX dividend shares to buy, then it could be worth looking at the two listed below.

Both have recently been named as best buys by brokers and tipped to provide attractive yields. Here’s why they believe they could be must-buys for passive income investors:

Telstra Corporation Ltd (ASX: TLS)

The first ASX 200 dividend share that could be a must-buy right now is telco giant Telstra.

That’s the view of analysts at Morgans, which have put the company’s shares on their best ideas list again this month. The broker sees strong earnings momentum and the potential for value to be unlocked from asset divestments. It commented:

After a major turnaround, TLS has emerged in good shape with strong earnings momentum and a strong balance sheet. In late CY22 shareholders vote on Telstra’s legal restructure, which opens the door for value to be released. TLS currently trades on ~7x EV/EBITDA. However some of TLS’s high quality long life assets like InfraCo are worth substantially more, in our view. We don’t think this is in the price so see it as value generating for TLS shareholders. This, free option, combined with likely reputational damage to its closest peer, following a major cybersecurity incident, means TLS looks well placed for the year ahead.

In respect to dividends, Morgans is expecting fully franked dividends of 17 cents per share in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.27, this equates to yields of 4%.

The broker also sees decent upside for its shares. It currently has an add rating and $4.70 price target on them.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share that could be a must-buy right now is Westpac.

Analysts at Goldman Sachs are very bullish on the banking giant and have it on their coveted conviction list. The broker believes the company is well-placed for earnings and dividend growth thanks to rising rates and cost reductions. It commented:

We are Buy-rated (on CL) and continue to see WBC as our preferred exposure to the A&NZ Financials reflecting: i) its strong leverage to rising rates, ii) despite WBC revising its FY24E cost target to A$8.6 bn (from A$8.0 bn), the bank’s performance on cost management remains strong in this inflationary environment with a 9% step down in costs expected over the next two years, iii) the business is still investing effectively in its franchise, and iv) we note the stock is trading at a notable discount to peers, versus the historical average discount of 2%.

As for dividends, Goldman is forecasting fully franked dividends of 147 cents per share in FY 2023 and 156 cents per share in FY 2024. Based on the current Westpac share price of $21.77, this will mean yields of 6.75% and 7.15%, respectively.

Goldman Sachs has a conviction buy rating and $27.74 price target on its shares.

The post Are these ASX 200 dividend shares must-buys for passive income investors? appeared first on The Motley Fool Australia.

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More reading

• Could right now be a great time to buy ASX 200 bank stocks for passive income?
• How I’d invest $20,000 to earn reliable passive income today
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Big Wednesday: 12 ASX 200 stocks cracking new 52-week highs
• Morgans names the best ASX 200 dividend shares to buy in April

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Telstra Group. The Motley Fool Australia has recommended Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) traded in the red ahead of the Easter long weekend, falling 0.25% to close Thursday’s session at 7,219 points. That left it 0.57% higher week-on-week.

Weighing heaviest was the S&P/ASX 200 Information Technology Index (ASX: XJO), which fell 2.1%. The Megaport Ltd (ASX: MP1) share price was the sector’s biggest weight, falling 4.3%.

It followed a poor Wednesday session on the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which fell 1.1% overnight.

It was also a rough day for the S&P/ASX 200 Real Estate Index (ASX: XRE) and the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ). They slumped 1.3% and 1.2% respectively.

But it wasn’t all bad news on the market today. The S&P/ASX 200 Health Care Index (ASX: XHJ) posted the biggest gain, rising 1.7%.

So, with all that in mind, let’s dive into today’s top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

The Imugene Limited (ASX: IMU) share price posted the index’s biggest gain today, lifting 7.14% despite no news having been released by the company.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Imugene Limited (ASX: IMU)	$0.15	7.14%
Silver Lake Resources Ltd (ASX: SLR)	$1.275	4.08%
Bega Cheese Ltd (ASX: BGA)	$3.75	3.31%
ASX Ltd (ASX: ASX)	$69.94	3.2%
CSL Limited (ASX: CSL)	$300.18	2.24%
APA Group (ASX: APA)	$10.45	2.15%
Perpetual Limited (ASX: PPT)	$22.80	1.97%
Regis Resources Ltd (ASX: RRL)	$2.20	1.85%
Incitec Pivot Ltd (ASX: IPL)	$7.52	1.76%
AGL Energy Limited (ASX: AGL)	$8.32	1.46%

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.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Brokers name 3 ASX shares to buy now
• Why Bega Cheese, Elanor Investors, Neometals, and Talga shares are pushing higher
• The broker community’s 3 best ASX 200 shares to buy for 2023
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Megaport. The Motley Fool Australia has positions in and has recommended Apa Group. The Motley Fool Australia has recommended 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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It’s looking like the S&P/ASX 200 Index (ASX: XJO) is set to give investors a bit of an Easter headache as we round out the shorter trading week this Thursday. After starting this morning in positive territory, the ASX 200 has sunk into red ink this afternoon and is currently down by 0.31% at just over 7,210 points.

They’ll be a bit less chocolate to go around this weekend if the markets continue their current trajectory.

But rather than letting that put a dampener on our long weekend, let’s instead turn to the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Thursday

Mirvac Group (ASX: MGR)

ASX 200 real estate investment trust (REIT) Mirvac is first up this Thursday. So far this session, a hefty 14.45 million Mirvac units have made their way across the ASX boards. We haven’t heard anything from Mirvac for a while now.

So we’ll have to assume this volume is the result of the movement of Mirvac units themselves. This REIT has indeed had a bit of a volatile day. After closing at $2.14 per unit yesterday, Mirvac opened strong at $2.17. But investors have since cooled off, with Mirvac now up by 0.47% at $2.15 a unit. This bouncing around looks like the cause of this high volume.

Pilbara Minerals Ltd (ASX: PLS)

Next we have ASX 200 lithium leader Pilbara Minerals to check out. This Thursday has seen a sizeable 21.26 million Pilbara shares bought and sold on the markets today. We haven’t seen any news out of Pilbara itself either.

But that hasn’t stopped the Pilbara share price from tanking by a nasty 3.75% this session to $3.59 a share, which explains the volumes on display here. As my Fool colleague James went into this afternoon, this looks like it could be a result of the tumble that lithium stocks took over on the US markets overnight.

Sayona Mining Ltd (ASX: SYA).

Our third, final and most-traded ASX 200 share this Thursday is another lithium stock in Sayona Mining. A whopping 24.13 million Sayona shares have crossed the proverbial Rubicon this far in today’s trading. This looks to be a very similar situation to that of Pilbara.

Fortunately for Sayona investors today, this company isn’t suffering quite as much as some of its peers. Right now, the Sayona share price has slumped by 1.54% down to 19 cents per share but even spent some time in the gain territory this morning. This volatility, as well as the current loss, is probably behind the high trading volumes on display here.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

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More reading

• Why did the Pilbara Minerals share price just tumble 5%?
• Why did the Sayona Mining share price tumble 13% in March?
• Why Brickworks, Energy Resources, Magellan, and Pilbara Minerals shares are dropping today
• ASX 200 lithium stocks sink again following Albemarle downgrade
• Should I buy ASX 200 property shares following the RBA rate pause?

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

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The AMP Ltd (ASX: AMP) share price ended last month higher than it started, trading at $1.05.

That marked a 1.94% month-on-month gain, compared to the S&P/ASX 200 Index (ASX: XJO)’s 1.11% fall over the course of March.

So, what went on with AMP last month? Let’s take a look.

AMP stock outperforms ASX 200 in March

Those invested in AMP were able to breathe a sign of relief in March as the company’s share price recovered a fraction of its February losses.

Shares in the financial services icon tumbled 23% in February amid the release of the company’s first-half earnings.

It was a slump AMP chair Debra Hazelton addressed at the company’s annual general meeting last week, where it faced a first strike on its remuneration policy.

More than 49% of investors voted against the policy, with feedback said to address concerns including the decision to award a bonus above the scorecard outcome and undisclosed short-term incentive targets. Hazelton also said:

The board appreciates that the share price performance in February of this year, may have coloured shareholders’ views of management’s performance.

But there was good news from the ASX 200 constituent in March.

It announced the first-stage completion of the long-waited sale of AMP Capital’s real estate and domestic infrastructure equity business to Dexus Property Group (ASX: DXS).

It came after both companies agreed on a revised transaction structure that would enable the business to change hands without AMP’s interest in China Life AMP Asset Management Company.

Dexus paid around $337 million at first completion, including $105 million for sponsor investments and $57 million for the cash held on the business’s balance sheet.

AMP share price snapshot

The AMP share price has dumped 16% over the course of 2023 so far. Though, it’s 7% higher than it was this time last year.

Comparatively, the ASX 200 has lifted 4% year to date and has fallen 4% over the last 12 months.

The post Why did the AMP share price beat the ASX 200 in March? appeared first on The Motley Fool Australia.

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More reading

• The first AMP dividend in over 2 years is being paid today. Here’s the lowdown
• 5 things to watch on the ASX 200 on Monday
• AMP share price slips amid expected first strike on remuneration
• Here are the top 10 ASX 200 shares today
• Sunk $3,000 into AMP shares 5 years ago? Here’s how much passive income you’ve realised

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

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If you thought dividend season on the ASX was almost over, think again. Yes, while most of the All Ords blue chip shares have either paid out their latest dividends, or at least already traded ex-dividend, there’s still a chance to get in on some upcoming shareholder payments before it’s too late.

So today, let’s discuss four ASX All Ordinaries Index (ASX: XAO) shares that are scheduled to go ex-dividend next week. When a company trades ex-dividend, eligibility for the next dividend payment is cut off to new shareholders.

Thus, we normally see a corresponding drop in share price when this happens. This reflects the loss of value for investors going forward.

So here are four ASX All Ords shares that will trade ex-dividend next week.

Four ASX All Ords shares trading ex-dividend next week

Seven Group Holdings Ltd (ASX: SVW) is first up. Back in February, Seven announced that its interim dividend for 2023 would come in at 23 cents per share, fully franked. That’s flat on last year’s interim dividend payment, as well as the final dividend that was paid out last October.

Investors will see this dividend arrive on 5 May. But the shares will go ex-dividend next week on 11 April.

Next up is Horizon Oil Ltd (ASX: HZN). This All Ords energy share is set to pay out one of its largest dividends ever later this month. Investors are in line to bag a 1.5 cent per share payout, unfranked, on 21 April. Horizon shares will trade ex-dividend for this payment next week on 13 April.

Let’s now consider All Ords retail share Best & Less Group Holdings Ltd (ASX: BST). Best & Less declared an interim dividend of 8 cents per share back in February, a reduction from the 11 cents per share interim dividend investors enjoyed in 2022.

Even so, this fully-franked dividend will be arriving in shareholders’ proverbial mailboxes later this month on 28 April. Eligibility for this payout will close next week though, on 13 April.

Finally today, let’s check out Duxton Water Ltd (ASX: D2O). Duxton will be sending a final dividend worth a fully franked 3.4 cents per share to All Ords investors on 28 April. That’s the company’s largest-ever dividend payment.

But once again, eligibility will be shut off next week on 13 April when Duxton shares trade ex-dividend.

The post 4 ASX All Ords shares trading ex-dividend next week appeared first on The Motley Fool Australia.

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More reading

• 4 ASX 200 shares just upgraded by brokers, one with 18% upside
• 4 ASX All Ords shares smashing the market on big news
• 5 ASX All Ords shares trading ex-dividend this week
• This ASX All Ords share could pay a 16% dividend yield by 2025
• Guess which ASX All Ordinaries stock just crashed 25%

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

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The Pilbara Minerals Ltd (ASX: PLS) share price is declining on the last day of trading before the Easter break.

Pilbara shares fell 5% at yesterday’s close to $3.545. Pilbara shares have since recovered some of those gains and are now down 3.62% to $3.595.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.76% today.

What’s going on?

Pilbara is not the only ASX lithium stock in the red today. Allkem Ltd (ASX: AKE) shares are descending 3.57%, while Lake Resources N.L. (ASX: LKE) shares are shedding 5.26%.

ASX lithium shares including Pilbara appear to be sliding after US lithium stocks fell overnight.

Lithium giant Albemarle Corporation (NYSE: ALB) tumbled 6.14%, while Sociedad Quimica y Minera de Chile (NYSE: SQM) slid 1.76%.

As my Foolish colleague James noted this morning, Bank of America securities analysts downgraded Albemarle to underperform and slashed the price target on its shares by 25% to US$195.

Falling lithium prices were the main reason for this downgrade, with the broker noting “the negative earnings revisions are forthcoming”.

The Lithium Carbonate Index (battery grade) has fallen 3.42% in a day to US$34,139.67 on the Shanghai Metals Market.

Meanwhile, analysts at Macquarie have recently placed a buy rating on Pilbara shares with a $7.70 price target. This implies an upside of 114% based on Pilbara’s current share price.

Macquarie analysts remain positive on Pilbara’s earning potential, despite the recent lithium price falls.

Macquarie is forecasting Pilbara to delve out a fully franked dividend per share of 41 cents in FY23 and 30 cents in FY24.

Pilbara Minerals share price snapshot

The Pilbara Minerals share price has climbed 7.31% in the last year.

This ASX lithium share has a market capitalisation of about $10.8 billion based on the current share price.

The post Why did the Pilbara Minerals share price just tumble 5%? appeared first on The Motley Fool Australia.

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More reading

• Why Brickworks, Energy Resources, Magellan, and Pilbara Minerals shares are dropping today
• ASX 200 lithium stocks sink again following Albemarle downgrade
• Buy Pilbara Minerals and this ASX dividend share: analysts
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why are ASX 200 lithium shares having such a miserable week?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Accent Group Ltd (ASX: AX1)

According to a note out of Bell Potter, its analysts have retained their buy rating and lifted their price target on this footwear retailer’s shares to $2.80. Bell Potter believes that Accent is well-placed to benefit from having a younger target demographic, emerging trends in casual/trend footwear, and the NSW Back to School voucher. The Accent share price is trading at $2.42 this afternoon.

Bega Cheese Ltd (ASX: BGA)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this diversified food company’s shares with an improved price target of $4.10. The broker is feeling confident about Bega Cheese’s outlook thanks to its exposure to relatively stronger commodities (cream cheese and mozzarella) against a backdrop of commodity driven weaker southern farmgate prices. All in all, Bell Potter believes the company is well-placed to grow its EBITDA to $200 million in FY 2024 from an estimated $159 million in FY 2023. The Bega Cheese share price is fetching $3.77 on Thursday.

Seek Ltd (ASX: SEK)

Analysts at Morgans have retained their add rating on this job listings company’s shares with an improved price target of $28.40. Morgans was pleased with the company’s investor day update this week. It highlights that Seek is targeting $2 billion in revenue by FY 2028, which is well ahead of the previous consensus estimate of $1.7 billion. The Seek share price is trading at $24.73 this afternoon.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• This ASX All Ords share has soared 70% in 6 months. Is it too late to buy?
• Why Bega Cheese, Elanor Investors, Neometals, and Talga shares are pushing higher
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has positions in Allkem. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent 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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The Accent Group Ltd (ASX: AX1) share price has soared more than 70% over the past six months. But, could the ASX All Ordinaries (ASX: XAO) share keep sprinting ahead of the market?

For context, the All Ords Index has only risen by 5% in the last six months, so the retail share has shown massive outperformance in a relatively short amount of time.

Six months ago, we were in the depths of another market decline as investors worried about high inflation and rising interest rates.

It’s understandable there has been a bit of recovery. Investors don’t usually stay negative forever – the market generally looks ahead to recovery, which can explain why share prices rise before the economy has improved.

But, I think there’s more to Accent’s rise than just investors being more optimistic about the retail sector. Accent is showing very promising signs for the longer term, which was demonstrated in its FY23 half-year result.

For readers who don’t know, the ASX All Ords share sells a variety of shoe brands that it acts as distributor for, as well as ones it owns, including Sketchers, Vans, CAT, Kappa, and Hoka. It also owns The Athlete’s Foot and Platypus Shoes retail brands.

Accent’s strong result

In the first six months of FY23, the company reported that total sales increased 39% to $825 million, earnings before interest, tax, depreciation and amortisation (EBITDA) rose 70.9% to $170.2 million, earnings before interest and tax (EBIT) went up 201% to $91.2 million, and net profit after tax (NPAT) climbed 294% to $58.3 million.

For me, it was very encouraging to see that each profit line improved faster than the one before it. What I mean by that is, EBIT grew faster than EBITDA, and NPAT rose more quickly than EBIT. It’s a good sign for the company’s scalability.

Ultimately, NPAT is one of the main things that a business is judged by — and what funds dividends. It’s pleasing that a 39% rise in total sales led to a large increase in profit, though it’s unlikely that FY24 and beyond will show as much NPAT growth.

The result was very impressive from the ASX All Ords share, but I think that Accent has laid the foundations for future growth of sales and profitability.

Growth plans

In the first half of FY23, it added 53 new stores. It could take a year before the full benefit of those stores is seen in the financials when a full year of sales has been generated from each store.

The business is expecting to open another 20 new stores in the second half of FY23. This could help sales and earnings in FY24.

I think further store growth is likely in FY24 and beyond. Growth could be accelerated by adding new brands to its portfolio.

But the next 12 months or so could be tricky for retailers like Accent. The question is, will the Australian population continue to buy as many shoes as they have in recent times?

Is the Accent share price good value?

According to Commsec estimates, the All Ords ASX share is valued at 14x FY23’s projected earnings.

I think this seems like a reasonable valuation. So, I’m not going to suggest it’s going to rise another 70% in the next six months. I believe it was undervalued last year, but it doesn’t seem cheap today. Certainly, I’d prefer to buy it at a much cheaper price, but I think it can outperform the market over the next five years.

The post This ASX All Ords share has soared 70% in 6 months. Is it too late to buy? 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. 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.

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If you’re looking for ASX 200 growth shares to buy, then look no further!

The team at Morgans has named a number of growth shares on its best ideas list for April.

Two growth shares that have been given the thumbs up are listed below. Here’s why it is bullish on them:

Lovisa Holdings Ltd (ASX: LOV)

The first ASX 200 growth share that Morgans rates highly enough to have on its best ideas list is this fast fashion jewellery retailer. Its analysts currently have an add rating and $28.50 price target on its shares.

The broker is bullish on Lovisa due to its global expansion plans, which it believes could generate stellar returns. It commented:

LOV is a global fast fashion jewellery brand with more than 700 stores in more than 30 countries. We think it may prove to be one of the biggest success stories in Australian retail. With ambitious and well-incentivised new leadership in place, we think now is the time LOV steps up to become a global force. LOV has accelerated its organic rollout in the US and entered into a number of new markets, including Hong Kong, Mexico, Italy, Columbia and Peru.

We believe it is poised to enter both Vietnam and Taiwan in coming months. Investment will be needed to expand LOV’s network in the US and Europe and to take it into new markets, but the returns could be stellar. We think LOV’s products fill an underserved niche, offering fast fashion jewellery at prices that are attainable to a resilient target demographic.

Xero Limited (ASX: XRO)

Another ASX 200 growth share on the broker’s best ideas list is Xero. It is a leading global cloud accounting platform provider. Morgans currently has an add rating and $97.00 price target on its shares.

The broker believes investors should be pouncing on Xero’s shares after recent weakness. It said:

XRO is a high quality cash generative business with impressive customer advocacy and duration. Over the last 12 months rising interest rates and competition have made things harder for Xero. However, we see the current short-term weakness as a rare opportunity to buy a high quality global growth company at a discount to the life time value of its current customer base.

The post Morgans names the best ASX 200 growth shares to buy in April appeared first on The Motley Fool Australia.

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More reading

• Top ASX growth shares to buy in April 2023
• ASX 200 rebounds after RBA hits pause on its rate hikes
• Morgans names 3 more of the best ASX 200 shares to buy in April
• 2 excellent ASX 200 shares I’d buy in April (and hold until at least 2030)
• How to make passive income for life with just $5 a day

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Lovisa. 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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