The S&P/ASX 200 Index (ASX: XJO) endured a tough session this Tuesday, sending the value of many ASX shares sharply lower. After yesterday’s lukewarm start to the trading week, investors turned decisively negative today, with the ASX 200 starting in red territory and getting progressively worse over the session.

By the time the closing bell rang, the index had lost a flat 1%, leaving it at 8,920.8 points.

The American markets were closed last night for the Labor Day holiday, so Friday’s losses are our last point of reference. Let’s see what they do later tonight.

So let’s get back to the local markets now and take stock of how the different ASX sectors traversed the tough trading conditions that we saw this Tuesday.

Winners and losers

Despite the broader market’s sharp drop, there were a few sectors that escaped with a rise.

But first, it was consumer discretionary stocks that copped the worst of it this Tuesday. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) had an awful time, plunging 1.88%.

Tech shares weren’t much better, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) cratering 1.76%.

Financial stocks were also in that ballpark. The S&P/ASX 200 Financials Index (ASX: XFJ) ended up diving 1.63%.

Real estate investment trusts (REITs) weren’t popular either, evident by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 1.46% slump.

Consumer staples shares were no safe haven. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) retreated 1.31% this session.

Nor were industrial stocks, with the S&P/ASX 200 Industrials Index (ASX: XNJ) sinking 0.74%.

Communications shares were right behind that. The S&P/ASX 200 Communication Services Index (ASX: XTJ) dipped 0.73% this Tuesday.

Mining stocks couldn’t escape the selling, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)’s 0.57% slide.

The same can be said for our last losers, gold shares. The All Ordinaries Gold Index (ASX: XGD) ended up slipping 0.22%.

Let’s get to the green sectors now. At the front of that line were utilities stocks, with the S&P/ASX 200 Utilities Index (ASX: XUJ) jumping 0.59% today.

Healthcare stocks displayed some strong vitals too. The S&P/ASX 200 Healthcare Index (ASX: XHJ) ended up galloping 0.45% higher.

Finally, energy stocks got over the line, as you can see from the S&P/ASX 200 Energy Index (ASX: XEJ)’s 0.22% improvement.

Top 10 ASX 200 shares countdown

Gold stock Predictive Discovery Ltd (ASX: PDI) was our best index performer this Tuesday. Predictive shares beat out some uninspired competition to close 3.76% higher at $4.69.

Despite this market-bucking gain, there wasn’t any fresh news out from the company to explain it.

Here’s how the other winners pulled up at the kerb this session:

ASX-listed company	Share price	Price change
Predictive Discovery Ltd (ASX: PDI)	$4.69	3.76%
Downer EDI Ltd (ASX: DOW)	$6.66	3.10%
Elevra Lithium Ltd (ASX: ELV)	$7.75	2.92%
Mesoblast Ltd (ASX: MSB)	$2.29	2.69%
South32 Ltd (ASX: S32)	$5.22	2.05%
FireFly Metals Ltd (ASX: FFM)	$1.82	1.96%
NRW Holdings Ltd (ASX: NWH)	$7.86	1.95%
Centuria Capital Group (ASX: CNI)	$1.31	1.95%
Viva Energy Group Ltd (ASX: VEA)	$2.98	1.56%
Karoon Energy Ltd (ASX: KAR)	$1.81	1.69%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made 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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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.

S&P/ASX All Ords Index (ASX: XAO) shares are 0.9% lower at 9,115.5 points on Tuesday.

With earnings season over, brokers have updated their ratings and 12-month price targets on hundreds of ASX shares.

Here are six stocks with strong upside potential.

NextDC Ltd (ASX: NXT)

The NextDC share price is $12.46, down 2.3% today.

Over the past month, this ASX tech share has fallen 14%.

UBS has a buy rating on NextDC shares with a $23.45 target.

This suggests a potential 88% upside ahead.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is 86 cents, down 3.2% today.

Over the past month, this ASX communications share has dropped 15%.

Morgan Stanley has a buy rating on Nine shares with a 12-month target of $1.40.

This suggests a potential 63% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $9.30, down 0.3% today.

This ASX travel share has fallen 11% over the past month.

Morgan Stanley has a buy rating on Qantas shares with a $12.80 target.

This implies potential capital growth of 38% over the next year.

Centuria Capital Group (ASX: CNI)

The Centuria Capital Group share price is $1.33, up 3.7% today.

Over the past month, this ASX real estate investment trust (REIT) has fallen 11%.

MA Financial Group has a buy recommendation on Centuria Capital Group shares with a $1.83 target.

This indicates potential capital gains of 38% over the next year. 

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.61, down 0.9% today.

Over the past month, this ASX uranium share has spiked 12%.

Canaccord Genuity has a buy call on Paladin Energy shares with a $15.80 target.

This suggests a potential 36% upside ahead.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $168.81, up 0.1% today.

Over the past month, this ASX healthcare share has fallen 4%.

Bell Potter has a buy rating on Pro Medicus shares with a $226 target.

This indicates capital gains of 34% over the next year. 

In a note, the broker commented:

PME reported FY26 revenue and EBIT growth of 23% and 26% respectively with the result at EBIT modestly (1.5%) ahead of consensus earnings.

As the revenue base of the group expands the top line growth is decelerating, however, margin expansion continues and this drove the small earnings beat.

FY26 EBIT margin expanded by a further 190bps to 75% and is likely to continue at this rate for the foreseeable future.

The post 6 ASX shares tipped by brokers to rise 34% to 87% appeared first on The Motley Fool Australia.

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• Down 43%! 4 reasons to buy the BIG dip in Pro Medicus shares today
• Experts name 3 top ASX shares to buy this week
• Buy, hold, sell: Pro Medicus, BHP, CBA shares

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Ma Financial Group, Nine Entertainment, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Oil prices are back in the spotlight, and Goldman Sachs thinks they could stay higher for longer than previously expected.

Brent crude is trading around US$97 a barrel today, while West Texas Intermediate (WTI) crude is near US$93.

That puts oil close to its highest level in around 3 months amid renewed fighting in the Middle East.

And despite some signs that supply conditions are improving, Goldman Sachs has now lifted its oil price forecasts for 2027.

So, how high does the investment bank think oil could go?

Goldman lifts its forecast

According to The Australian, Goldman Sachs co-head of global commodities Daan Struyven now expects Brent crude to average around US$80 a barrel next year.

That is US$5 higher than the bank’s previous forecast, although it’s still well below the US$97 level Brent is trading at today.

The reason Goldman isn’t expecting oil to stay this high is that the hit to global supply has not been quite as bad as first feared.

Commercial oil inventories in developed economies have “barely drawn” since the fighting began. Instead, much of the shortfall has been covered by strategic reserves, oil already at sea and stockpiles in China.

There have also been signs that production is recovering.

In April, output from Gulf producers was around 14.3 million barrels per day below pre-war levels. By July, Goldman estimates that gap had narrowed to around 8 million barrels per day.

Oil could still go much higher

Keep in mind, there’s still plenty that could send oil prices above Goldman’s base case.

Around 7 million barrels per day of crude oil and refined products reportedly continue to move through the Strait of Hormuz.

That makes any further disruption to the important shipping route something investors will be watching closely.

Goldman’s own scenarios show just how wide the range of possible outcomes still is.

If Gulf production continues to be heavily disrupted, the bank believes Brent could climb above US$120 a barrel.

On the other hand, if supply conditions improve faster than expected, prices could fall back into the low US$60’s.

Not only that, but there could also be some relief later on. New pipelines are expected to come online in late 2027, which should make it easier to move oil around the region.

What does it mean for investors?

Oil has already had a massive run.

Trading Economics shows WTI crude has climbed roughly 49% over the past 12 months, while Brent is up around 47%.

That has been a big tailwind for oil producers, including a number of ASX-listed energy stocks such as Woodside Ltd(ASX: WDS) and Santos Ltd (ASX: STO).

But with Brent now trading around US$97 a barrel, Goldman’s US$80 forecast suggests a decent pullback could be coming next year.

Obviously, that could weigh on oil stocks, so I’d be cautious about chasing ASX energy shares after the recent rally.

The post Could oil stay near US$100? Goldman Sachs just changed its forecast appeared first on The Motley Fool Australia.

More reading

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• These ASX shares benefit from a high Aussie dollar

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. 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.