Arguably, one of the best ways to set yourself up for a comfortable retirement is by having a passive income stream that is both reliable and has the potential to grow over time.

The good news is that the ASX is home to a number of quality ASX dividend shares that tick these boxes and could be great additions to a retirement portfolio.

Two that are rated as buys are listed below:

Collins Foods Ltd (ASX: CKF)

The first ASX dividend share to consider is Collins Foods. It is a quick service restaurant operator with a large network of KFC restaurants in Australia and Europe. Although the company still has plenty of room to grow in Australia, it is the European market that is expected be the key driver of growth over the next decade. This is because the KFC brand is under-represented in Europe and has a significant expansion opportunity.

According to a note out of Morgans, its analysts have an add rating and $9.50 price target on its shares. The broker is also forecasting fully franked dividends of 24 cents per share in FY 2023 and 26 cents per share in FY 2024. Based on the latest Collins Foods share price of $8.03, this will mean yields of 3% and 3.2%, respectively.

Rural Funds Group (ASX: RFF)

Rural Funds could be another ASX dividend share to consider for a retirement portfolio. This is due to the quality of the agriculture-focused real estate property trust’s assets and long term tenancy agreements. In addition, Rural Funds’ leases have built-in rental increases, which provides great visibility on its future earnings. It also positions the company to deliver on its target of growing its distribution by 4% per annum.

Bell Potter is positive on Rural Funds and has a buy rating and $2.75 price target on its shares. As for dividends, it is forecasting dividends per share of 11.7 cents in FY 2023 and 12.7 cents in FY 2024. Based on the current Rural Funds share price of $2.46, this will mean yields of 4.75% and 5.15%, respectively.

The post Add these ASX shares to your retirement portfolio for growing income: analysts appeared first on The Motley Fool Australia.

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More reading

• ASX passive income: My game plan to reach $30,000 per year
• ASX income stocks: A once-in-a-decade chance to get rich?
• 2 low risk, high quality ASX shares to buy for a retirement portfolio: analysts
• How to invest $10,000 this year to create ‘safe’ passive income
• Buy South32 and this ASX dividend share: experts

Motley Fool contributor James Mickleboro has positions in Collins Foods. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Collins Foods. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Collins Foods. 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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Fortescue Metals Group Limited (ASX: FMG) shares have made a considerable profit over the last three years. But can the business keep making big profits in 2023 and beyond?

As one of the biggest iron ore shares in the world, Fortescue’s success is highly linked to the changing iron ore price.

The last 12 months have been volatile for iron. But the last couple of months have been notable for the commodity. According to Commsec, the iron ore price has reached US$122 per tonne. That’s well up from around the US$80 mark where it sat in early November.

Any extra revenue per tonne adds considerably to net profit before tax because mining costs don’t usually change much month to month. A higher commodity price can generate a lot of extra cash flow for the business, which can lead to bigger dividends as well.

How much profit is Fortescue going to make in 2023?

I think one of the most important financial figures is the earnings per share (EPS). There’s not much point growing profit if it doesn’t lead to rising EPS over time, in my opinion. Certainly, growing EPS can be one of the key factors in driving the Fortescue share price higher.

The EPS can give context to the share price, particularly in price/earnings (P/E) ratio terms.

According to the forecast on Commsec, Fortescue could make EPS of $2.07 in FY23. This would put the Fortescue share price at 11 times FY23’s estimated earnings. This could also enable Fortescue to pay an annual dividend of around $1.48 per share. This would translate into a grossed-up dividend yield of 9.4%.

However, profit is expected to reduce in FY24, with an EPS forecast of $1.62. EPS might reduce again to $1.41 in FY25, But, estimates change all the time, so time will tell how much profit the business will actually make in FY24 and beyond.

What’s improving the outlook?

Fortescue seems to be benefiting from the improving sentiment about China. For most of 2022, the Asian economic superpower was grappling with COVID-19 and lockdowns, which meant the country wasn’t at full economic capacity.

But, after an adjustment of COVID-19 restrictions in China, essentially a lifting of curbs, investors are now seemingly feeling more confident about the situation.

While the iron ore price is unpredictable, every month that it’s at a price of US$120 per tonne or higher is helpful for Fortescue to generate strong profit.

The business also continues to make progress on its green energy targets of decarbonising its own operations and making steps towards producing green hydrogen.

Foolish takeaway

Fortescue is seeing positive sentiment at the moment, with how strongly the iron ore price has rebounded in the last few months. This should enable it to produce another year of strong profit in 2023.

The post How much profit could Fortescue shares make in 2023? appeared first on The Motley Fool Australia.

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More reading

• ASX passive income: My game plan to reach $30,000 per year
• Why a merger between Fortescue and this major-league miner could make sense: expert
• Why Fortescue shares could be facing a Meta-like problem
• Should I buy ASX mining shares now or not?
• My top predictions for ASX 200 mining shares in 2023

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals 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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Building up an ASX share portfolio from scratch is no easy feat. For a beginner investor, there are so many shares to choose from, so many places to get advice, and so little time.

So let’s make the whole process easier by discussing three ASX shares I would use to start a share portfolio from scratch today.

3 ASX shares I would use for a beginner portfolio

Vanguard Australian Shares Index ETF (ASX: VAS)

I think a beginner investor should start simple, and there are fewer investments simpler than this exchange-traded fund (ETF). Index funds like the Vanguard Australian Shares ETF hold multiple shares within them, making them very easy to get some healthy diversification right off the bat. In this ETF’s case, it holds the 300 largest shares on the market.

That means an investment into this fund is an investment in everything from Commonwealth Bank of Australia (ASX: CB)A, BHP Group Ltd (ASX: BP) and Telstra Corporation Ltd (ASX: LS) to Woolworths Group Ltd (ASX: WOW), Ampol Ltd (ASX: ALD) and JB Hi-Fi Limited (ASX: JBH), all in one easy investment.

This ETF will give an investor the returns of the broad Australian share market, no more no less. It has returned an average of 8.79% per annum, including dividend returns, since its inception in 2009. That includes its competitive fee of 0.1% per annum.

iShares S&P 500 ETF (ASX: IVV)

ASX shares are great. But the reality is that most Australian investors don’t bother looking beyond our shores, happy with the dividends and franking credits that shares like CBA, Telstra and Westpac Banking Corp (ASX: WBC) offer.

But the US markets are home to companies that are just on another level to our best businesses. Think Apple, Alphabet (owner of Google), Amazon, Mastercard, McDonald’s, Tesla and Netflix.

These are some of the best companies on the planet and are all found in this index fund that tracks the 500 largest American companies. And again, you can get all of them in one, simple investment.

As such, this ETF can add even more diversification, geographic as well as currency, to a beginner portfolio. This ETF has averaged a return of 17.26% per annum over the past decade.

MFF Capital Investments Ltd (ASX: MFF)

Our last two investments have been simple index funds. But MFF Capital – a listed investment company (LIC) – adds some active management to our starter portfolio.

MFF, as a LIC, doesn’t blindly track an index. Instead, the company owns a portfolio of other shares itself, which its management team runs on behalf of its investors. Its current boss is Chris Mackay, who is one of the co-founders of Magellan Financial Group Ltd (ASX: MFG).

MFF typically invests in a small portfolio of quality US shares. Some of its long-term top holdings include Mastercard, Amazon, Visa, American Express and Microsoft. I think this LIC is a great way of adding some investing expertise to a portfolio and compliments our two index funds nicely.

The post How I would use these 3 ASX shares to build a portfolio from scratch appeared first on The Motley Fool Australia.

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More reading

• Does the Vanguard Australian Shares ETF’s unique structure deliver better returns than the ASX 200?
• How to make a second income of $100 per week from ASX dividend shares
• How I’d invest $40k in ASX shares and aim for $1 million
• Don’t ‘save’ for retirement! I’d invest in dirt-cheap ASX shares instead
• 5 reasons I’d consider buying the Vanguard Australian Shares Index ETF (VAS)

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. American Express is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in Alphabet, Amazon.com, American Express, Apple, Mastercard, McDonald’s, Mff Capital Investments, Tesla, Vanguard Australian Shares Index ETF, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon.com, Apple, Mastercard, Netflix, Tesla, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet, Amazon.com, Apple, Jb Hi-Fi, Mastercard, Netflix, Westpac Banking, and iShares S&p 500 ETF. 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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When it comes to dividends, BHP Group Ltd (ASX: BHP) shares are a popular option for investors.

That’s because each year, the Big Australian rewards its shareholders with billions of dollars in dividend payments.

But what would it take to earn a $50,000 passive income from the mining giant’s shares?

$50,000 from BHP shares

First things first, we need to find out how big the BHP dividend will be in 2023.

According to a note out of Morgans from last week, the broker is expecting the miner to pay a US$2.11 (A$3.00) per share fully franked dividend in FY 2023. Based on the current BHP share price, this will mean a 6.1% dividend yield for investors.

So, in order to generate $50,000 of income from BHP shares, you’ll need to own approximately 16,667.

This is the equivalent of an $822,000 investment at today’s prices.

That is of course a hefty sum of money, and few people are lucky enough to have that available to them. But don’t let that put you off trying to achieve this goal over the long term.

Getting there the long way

If you want to grow your portfolio to be worth $822,000, you just need a combination of time, patience, and discipline.

Over the last 30 years, the Australian share market has provided investors with an average return of 9.6% per annum.

And while past performance is no guarantee of future returns, this is consistent with what share markets have provided globally over the long term. As a result, I believe it is a realistic number to aim for over the next 30 years.

If you are able to invest $10,000 each year and earn the market return of 9.6%, in 23 years you will have grown your portfolio to approximately $825,000.

At that point, if you invest those funds into ASX shares offering a 6.1% dividend yield, like BHP shares are today, you will be generating $50,000 of passive income without having to leave the sofa.

The post How to generate $50,000 of passive income from BHP shares appeared first on The Motley Fool Australia.

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More reading

• The BHP share price has had a stellar start to 2023. Is it too late to buy?
• Investing in ASX 200 copper shares? Here’s the outlook for the red metal in 2023
• Does the Vanguard Australian Shares ETF’s unique structure deliver better returns than the ASX 200?
• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• BHP share price lifts amid copper deal

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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Most companies inside the S&P/ASX 200 Index (ASX: XJO) can attest to paying dividends to some extent. However, when I’m on the hunt for dividend gems, I’m looking for ASX shares that are rapidly growing their dividends.

It is often companies with a low dividend yield that are overlooked. But, when a low yield is combined with a blistering high rate of dividend growth, the long-term outcome can be shockingly good.

A yield of as little as 1% can become 6% equivalent over 10 years — assuming the same share price — if it increases by 20% each year.

That’s why I’d be taking a close look at this not-so-secret ASX tech share…

ASX 200 dividend aristocrat in the making

Many will be familiar with the circuit board design software provider Altium Limited (ASX: ALU). The ASX tech share came to prominence during the heyday of Australia’s ‘WAAAX‘ shares. Though, few probably appreciate the dividend component of this mighty company.

At a paltry 1.2% dividend yield, Altium isn’t touting a bank-beating income profile. However, yield is only one aspect that could lead investors astray. Instead, I’d focus on the fact that this company has grown its dividend for 10 years straight, as shown below.

Not only has Altium simply grown its dividends… it has significantly grown its dividends. When looking at the ASX 200 shares that have delivered a 10-year compound annual growth rate (CAGR) on their dividends per share greater than 20%, Altium is one of only 10 companies that meet the high bar.

Unlike other companies that fall into this bucket — such as South32 Ltd (ASX: S32), Fortescue Metals Group Limited (ASX: FMG), and Northern Star Resources Ltd (ASX: NST) — Altium isn’t exposed to the extremely cyclical resource industry.

If Altium were to continue this trend for 15 more years, the ASX 200 share could potentially join a select group known as ‘dividend aristocrats’.

Look for continued growth

Altium is expected to release its first-half results for FY23 on 20 February. It will be important to see that the company is continuing to deliver on its growth ambitions. The ultimate target is US$500 million in revenue by 2026.

If the company can hit these milestones, I suspect Altium could become a highly prized ASX 200 dividend share.

The post Could this ASX 200 share be a dividend gem hiding in plain sight? appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Investing in ASX 200 copper shares? Here’s the outlook for the red metal in 2023
• Does the Vanguard Australian Shares ETF’s unique structure deliver better returns than the ASX 200?
• Did you buy $1,000 of Bank of Queensland shares 10 years ago? Here’s how much dividend income you’ve made
• 10 types of ASX companies that can grow even if the economy tanks

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

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The S&P/ASX 200 Index (ASX: XJO) traded in the red for just the fourth time this year today, falling 0.3% to close at 7,468.3 points.

And no prizes to those who can guess why. Market experts were shocked by the latest Australian inflation data, released late this morning.

The Australian Bureau of Statistics (ABS) found the Consumer Price Index (CPI) rose 1.9% in the December quarter and  7.8% over the course of 2022. Those figures were notably higher than consensus forecasts of 1.6% and 7.6%, respectively.

The likelihood the Reserve Bank of Australia could begin easing rates next month likely diminished on the findings, thereby disappointing investors.

On a more positive note, the S&P/ASX 200 Financials Index (ASX: XFJ) outperformed despite the inflation read today. It gained 0.3%.

Interestingly, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) also gained, rising 0.4%, while the S&P/ASX 200 Utilities Index (ASX: XUJ) led the market, lifting 0.5%.

Meanwhile, the rates-sensitive S&P/ASX 200 Information Technology Index (ASX: XIJ) fell 1.2% and the S&P/ASX 200 Energy Index (ASX: XEJ) dropped 1.2%.

But enough of that. Let’s take a look at the 10 shares that posted the ASX 200’s biggest gains on Wednesday.

Top 10 ASX 200 shares countdown

Today’s top performing share on the index was News Corp (ASX: NWS).

The stock jumped 6% to close at $29.93 after the company revealed it won’t be merging with Fox Corporation and confirmed it’s in talks to sell its Move, Inc business.

These shares made today’s biggest gains:

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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• Why Accent, Iluka, Myer, and QBE shares are charging higher today
• 3 ASX 200 resources shares on the move following quarterly updates
• 5 ASX 200 shares rocketing to new 52-week highs on Tuesday
• Up 30% in six months: Can the Webjet share price fly even higher?
• Which ASX dividend shares I’d buy now to target $50,000 of annual passive income

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 ARB Corporation and Lovisa. The Motley Fool Australia has recommended ARB Corporation, Corporate Travel Management, IPH, and 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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The BHP Group Ltd (ASX: BHP) share price is up a stellar 8.2% since the closing bell on 30 December.

That’s despite today’s 0.6% retrace following the hotter-than-expected CPI numbers just released by the ABS.

The S&P/ASX 200 Index (ASX: XJO) iron ore giant is currently trading for $49.37. The BHP share price, as you can see in the chart below, closed out 2022 at $45.63.

Is it too late to buy?

With those kinds of gains already in the bag so early in 2023, is it too late to buy BHP shares?

The answer to that question largely relies on what happens with iron ore prices (the miner’s top revenue earner) and copper prices (its number two revenue earner) over the coming months.

The BHP share price has already benefited from a big lift in the price of both metals in 2023.

Iron ore was trading for US$118 per tonne at beginning of the calendar year and is currently fetching US$125 per tonne, up 6%.

The copper price has gained even more, lifting 12% since 30 December to currently trade for US$9,315 per tonne.

And while no one has a working crystal ball, most analysts are tipping significant further gains for both industrial metals over the year ahead.

Iron ore could gain from increased demand out of China, as the world’s most populous nation reopens following three years of pandemic lockdowns.

Copper could also benefit from China’s reopening, while demand for the red metal is expected to continue to run high for its critical role in the world’s transition towards electrification.

Both of these aspects would suggest it’s not too late to buy, even after the big BHP share price rally.

On the copper front, Goldman Sachs head of commodities research Jeff Currie believes that in the “longer-term” the copper price will reach US$15,000 per tonne.

Citing “a structural imbalance in these markets”, Currie said “You are likely to see peak copper supply in 2024.”

As for iron ore, Morgan Stanley commodities strategist Marius van Straaten notes the commodity rally coming ahead of China’s reopening is largely built on hype rather than actual increases in steel production.

According to van Straaten (quoted by The Australian Financial Review):

The previous nine bull markets we looked at were all underpinned by either periods of expanding China steel production or tightening supply from the iron ore majors.

While China’s steel mills have been restocking ore recently, this is basically the first serious bull market that is mostly driven by sentiment/optimism, rather than an actual physically tightening market.

Despite the current speculative-driven nature of the price increases, van Straaten sees iron ore trading for US$140 in the June quarter. That represents a 12% increase from today’s levels and would certainly offer some helpful tailwinds for the BHP share price.

What else could boost the BHP share price in 2023?

Atop potentially rising iron ore and copper prices, the BHP share price could receive a boost should the miner’s $28.25 per share (approximately $9.6 billion) cash takeover proposal of ASX 200 copper stock OZ Minerals Limited (ASX: OZL) go through.

The Oz Minerals board has unanimously recommended shareholders approve the acquisition. Shareholders are expected to vote on the proposal in late March or early April.

And let’s not forget the juicy, fully franked dividends on offer.

At the current share price, BHP pays a 9.4% trailing dividend yield. That will place the big miner high on the radar of income investors, increasing the demand for (and potentially the price of) its shares in 2023.

The post The BHP share price has had a stellar start to 2023. Is it too late to buy? appeared first on The Motley Fool Australia.

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More reading

• Investing in ASX 200 copper shares? Here’s the outlook for the red metal in 2023
• Does the Vanguard Australian Shares ETF’s unique structure deliver better returns than the ASX 200?
• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• BHP share price lifts amid copper deal
• Looking to energise returns with this pocket of undervalued ASX shares in 2023

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 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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When one of the biggest operators in an industry speaks, it’s usually worth listening. Investors of ASX lithium shares had the chance to get the latest pulse reading from US-based Albemarle Corporation (NYSE: ALB) last night, and the outlook is rather rosy.

Today, the S&P/ASX 200 Index (ASX: XJO) is lingering 0.11% lower following the release of surprisingly high inflation data. Despite this, several Aussie companies involved in producing the electrifying material are in the green.

Driving a positive outlook for lithium

For some background, Albemarle is one of the largest suppliers of battery-grade lithium in the world. The company not only produces lithium but also processes it.

In the September 2022 ending quarter, Albermarle achieved US$1.5 billion in net lithium sales. In comparison, Pilbara Minerals Ltd (ASX: PLS) recorded $1.19 billion in revenue across the entire 2022 financial year.

Last night, Albermarle provided updated estimates for the future of lithium in its 2023 strategic update. The most eye-catching metric was a 15% increase in the company’s lithium demand forecast for 2030, primarily due to higher expected electric vehicle (EV) adoption.

As such, management is now forecasting a total of 3.7 million metric tonnes worth of lithium demand in 2030 — giving ASX lithium shares something to cheer about. This is based on the assumption that annual EV production will reach 46.9 million by that point in time, equating to a 48% market penetration of light-duty vehicles.

Albemarle energy storage president Eric Norris described the catalyst for increased demand, stating:

We expect to continue to see increased EV adoption with charging speed and range improvements; more access to charging infrastructure; and changing consumer preferences. In response, auto OEMs are setting ambitious electrification goals and making large investments in EV production.

How are ASX lithium shares are responding?

The peachy outlook painted by Albermarle’s management could be supporting the prices of Aussie lithium companies today. Greater demand for lithium could mean higher prices for longer, promoting strong ASX lithium share prices today, including:

• Vulcan Energy Resources Ltd (ASX: VUL) up 0.73%
• Galan Lithium Ltd (ASX: GLN) up 0.81%
• Neometals Ltd (ASX: NMT) up 3.07%
• Sayona Mining Ltd (ASX: SYA) up 2.78%

At the larger end of town, Mineral Resources Ltd (ASX: MIN) is struggling on Wednesday despite releasing its quarterly report. Shares in the lithium and iron ore miner are down 1.42% this afternoon with iron ore shipments weighing on shareholder sentiment.

The post Lithium giant forecasts 15% greater demand. How are ASX lithium shares reacting? appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Guess which four ASX 200 lithium shares charged higher today
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Analyst says Pilbara Minerals share price can keep rising

Motley Fool contributor Mitchell Lawler has positions in Albemarle. 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 S&P/ASX 200 Index (ASX: XJO) is having a pretty poor showing this Wednesday thus far. After what was mostly a positive morning, the ASX 200 tanked when the latest inflation figures were released just before lunchtime.

The Index has since recovered somewhat from the worst of these falls but remains down by 0.12% at the time of writing at just over 7,480 points. 

But rather than worrying about all of that, let’s instead take a look at the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Evolution Mining Ltd (ASX: EVN)

The first share worth taking a gander at today is the ASX 200 gold miner Evolution Mining. A sizeable 14.95 million Evolution shares have swapped hands as it currently stands on the markets thus far. This looks like a consequence of the nasty share price fall Evolution has endured this Wednesday.

After a strong opening this morning, Evolution shares have been falling steadily ever since. The miner is currently down by a depressing 5.72% to $3.22 a share, which probably explains the high volumes we are seeing. This could have been caused by some tough love from ASX broker Ord Minnet, who wasn’t impressed with the company’s latest production figures.

Core Lithium Ltd (ASX: CXO)

Next in line this Wednesday is ASX 200 lithium stock Core Lithium. So far today, a notable 15.24 million Core Lithium shares have made their way to a new owner. There hasn’t been much fresh news out surrounding Core Lithium.

So perhaps this elevated volume is a consequence of the share price volatility we have seen with Core Lithium shares this session. The company is currently up by 0.9% at $1.12 a share. But the trading day has seen Core Lithium bounce between $1.08 and $1.14 with stints in both positive and negative territory.

Pilbara Minerals Ltd (ASX: PLS)

Once again, ASX 200 lithium share Pilbara Minerals is our most heavily traded of the day thus far. Right now, Pilbara has seen a hefty 24.91 million of its shares find a new owner on the share market.

This looks like a similar situation to that of Core Lithium. Pilbara shares have been mightly volatile this Wednesday. The company is currently flat at $5.08 a share. But earlier, we saw Pilbara shoot as high as $5.15 and drop as low as $5.02. No wonder so many shares have flown around the markets.

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

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More reading

• Lithium giant forecasts 15% greater demand. How are ASX lithium shares reacting?
• Investing in ASX 200 copper shares? Here’s the outlook for the red metal in 2023
• Why Best & Less, Evolution, Mineral Resources, and St Barbara shares are dropping
• Does the Vanguard Australian Shares ETF’s unique structure deliver better returns than the ASX 200?
• Did you buy $1,000 of Bank of Queensland shares 10 years ago? Here’s how much dividend income you’ve made

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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If you like ASX growth shares and buy and hold investing, then you may want to read on.

That’s because listed below are two ASX shares that have been tipped to grow very strongly over the long term. Here’s what you need to know about these buy-rated growth shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share that has been tipped as a buy is this pizza chain operator.

Its shares were sold off in 2022 amid concerns over inflationary pressures on both its costs and consumer spending.

And while they have rebounded strongly in recent months, they are still down materially since this time last year. This could be a buying opportunity according to analysts at Morgans.

The broker believes that Domino’s is “a high quality operator with significant brand strength, first class executive management and a global platform for long-term network expansion.” It also believes that “now is the best time to consider an investment in a quality business like DMP that is facing headwinds that will reverse in time.”

Morgans currently has an add rating and $90.00 price target on its shares, which implies potential upside of 24%.

Life360 Inc (ASX: 360)

Another ASX growth share that could be in the buy zone after a difficult time in 2022 is Life360.

It is a growing location technology company that has almost 50 million global active users of its eponymous Life360 mobile app. From these users, the company expects to generate revenue in the range of US$225 million to US$240 million in FY 2022.

The good news is that this is still only a fraction of its market opportunity. For example, Goldman Sachs estimates that “Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

The broker also believes “Life360 is approaching an inflection point as it proves the pricing power of its subscription business model and moves out of the non-profitable tech basket.” It feels this could be supportive of a re-rating in the near future.

Goldman has a buy rating and $7.90 price target on Life360’s shares, which implies potential upside of 38% for investors from current levels.

The post Buy and hold these fantastic ASX growth shares: experts appeared first on The Motley Fool Australia.

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More reading

• The ASX 200 share that could thrive in a recession: Scott Phillips
• My top predictions for ASX All Ords shares in 2023
• 2 excellent ASX passive income shares to buy next week: analysts
• These ASX growth shares have massive global opportunities: Goldman Sachs
• How to prepare your portfolio for the ‘old normal’: Scott Phillips

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Life360. 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.

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