Once a week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Flight Centre Travel Group Ltd (ASX: FLT) continues as the most shorted ASX share despite its short interest easing slightly to 17.7%. It appears as though short sellers aren’t confident with its valuation or the travel market recovery.
• Betmakers Technology Group Ltd (ASX: BET) has seen its short interest rise again to 12.8%. Reports have suggested that major shareholder, Tom Waterhouse, has been lending some of his shares to short sellers. That’s not going to help with sentiment.
• Nanosonics Ltd (ASX: NAN) has short interest of 11.9%, which is down slightly week on week. Short sellers have been going after this infection prevention company after it announced a major and disruptive change to its sales model in the United States.
• Webjet Limited (ASX: WEB) has short interest of 10.4%, which is down slightly week on week. Short sellers appear to believe the market could be too optimistic on the travel market recovery.
• Mesoblast limited (ASX: MSB) has short interest of 9.2%, which is down sharply week on week. Short sellers may have concerns over this biotech’s balance sheet after continued cash burn and disappointing trial results.
• Polynovo Ltd (ASX: PNV) has seen its short interest reduce to 9%. This medical device company has been underperforming over the last 12 months. Which isn’t a good mix with shares trading on lofty earnings multiples when rates are rising and valuations and being questioned.
• Kogan.com Ltd (ASX: KGN) has seen its short interest remain flat at 9%. Rising marketing costs, inventory issues, sales declines, and the constant threat of Amazon have been weighing on this ecommerce company’s shares.
• Redbubble Ltd (ASX: RBL) has short interest of 8.9%, which is down week on week. As with Kogan, this ecommerce company’s poor form has been weighing on sentiment. Especially with Apple’s privacy setting changes appearing to be hurting margins by leading to higher marketing costs.
• EML Payments Ltd (ASX: EML) has seen its short interest ease to 8.7%. Short sellers may have concerns over its valuation as rates rise and valuations are reassessed.
• Appen Ltd (ASX: APX) has 8.5% of its shares held short, which is up slightly week on week. This could be due to concerns that demand for this artificial intelligence data services company’s offering could be softening due to tech giants potentially taking things in-house.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 share last week
• The Appen (ASX:APX) share price is down 16% in a month. Is now the time to buy?
• Has the bottom been and gone for EML (ASX:EML) shares?
• Lucky 13? Why the Kogan (ASX:KGN) share price is leaping 13% today
• Why Ampol, EML, Vulcan, and Zip shares are zooming higher

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. owns and has recommended Appen Ltd, Betmakers Technology Group Ltd, EML Payments, Kogan.com ltd, Nanosonics Limited, POLYNOVO FPO, and REDBUBBLE FPO. The Motley Fool Australia owns and has recommended EML Payments, Kogan.com ltd, and Nanosonics Limited. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It hasn’t been an easy time to own small-cap ASX shares.

The S&P/ASX Small Ordinaries (ASX: XSO) index is down almost 9% this year, and the loss would be more if it weren’t for the resources sector holding it up.

But one could argue that now is a great time to pick up some bargains and watch them grow. 

A couple of experts each recently singled out a small-cap that they would buy right now.

Foreign exchange is always a hot business

OFX Group Ltd (ASX: OFX) is the favourite small-cap share for 1851 Capital portfolio manager Martin Hickson.

“They operate in the foreign exchange space and trade on a P/E of 20 times. They had an investor day … which was very positive,” he told Livewire.

“I think what investors are missing is that a lot of the revenue and earnings from that business today comes from the small business and enterprise space.”

Hickson has indeed put his money where his mouth is, as OFX shares are one of the top ASX shareholdings in the 1851 fund.

“There are only two brokers that cover the stock, it is not well held by the market,” he said.

“They made a highly accretive acquisition a couple of months ago in Canada, so, we think that the P/E can re-rate and the earnings consensus forecasts have been understating their growth.”

The OFX share price has rocketed 133% in the past 12 months and advanced 17.4% last week alone. It closed Friday’s session at $2.50.

The stock is also one of the largest holdings for Monash Investors, portfolio manager Sebastian Correia told The Motley Fool.

“It’s still got a while to go before it reaches our price target,” he said earlier this month.

“I don’t think the market had really appreciated that it was a turnaround story that had already turned around. Management was already delivering against a lot of their core operational objectives.”

Founder and CEO buying up these ASX shares 

Hayborough Investment Partners portfolio manager Ben Rundle likes the look of chemicals provider DGL Group Ltd (ASX: DGL).

“They do storage as well as recycling of those chemicals,” he said. 

“The beauty of this industry is that there are high barriers to entry in terms of the capital cost and the permits that are required to be able to operate.”

According to Rundle, the founder and CEO is doing a “fantastic job”.

“Simon Henry … owns just shy of 60% of the business,” he said.

“He’s a very good capital allocator and he’s already made about eight acquisitions since they listed. I think that it is a really exciting company and it’ll be much bigger in a few years’ time.”

Henry recently bought another 500,000 shares and on Monday, DGL will join the All Ordinaries Index (ASX: XAO).

The DGL share price closed Friday’s session at $2.97. That’s almost 200% above the company’s initial public offering (IPO) price of $1 per share. The stock commenced trading on the ASX in May 2021.

The post 2 small-cap ASX shares to rule them all this year appeared first on The Motley Fool Australia.

More reading

• Why did the OFX Group (ASX:OFX) share price rocket 17% this week?
• The DGL (ASX:DGL) share price has soared 200% in less than a year, but this insider is still buying up big
• Lucky 13? Why the Kogan (ASX:KGN) share price is leaping 13% today
• 2 ASX All Ords shares jumping more than 15% today
• Why did the Cobalt Blue (ASX:COB) share price rocket 30% in a week?

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. owns and has recommended DGL Group Limited. The Motley Fool Australia has recommended DGL Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Growth shares are very much out of favour at the moment, with some technology stocks halving the past few months.

The team at Wilsons Advisory admitted the immediate outlook for growth shares is still not great.

“With bond yields continuing their upward climb during March, the environment for growth stocks still presents a headwind in the short-term,” read its recent memo to clients.

“It may not be until mid-year when greater clarity emerges on both the pace and ultimate level of interest rates in the US.”

But long-term investors know that if you have businesses that have structural drivers for growth then it will overcome short-term macro-economic factors like inflation and wars.

“Our view remains that over the medium to long-term, if companies can grow their earnings above market, share prices will follow.”

As such, the Wilsons analysts presented their case for why they love 3 particular ASX shares that are taking up 11% of the Wilsons Australian Equity Focus List.

‘Long-term structural growth qualities’ will win in the end

The team stated it currently has a “positive stance” on Aristocrat Leisure Limited (ASX: ALL), James Hardie Industries PLC (ASX: JHX) and Seek Limited (ASX: SEK).

The memo showed how all 3 stocks have had their prices slashed more than the MSCI Australia Growth index, indicating a discount to the general market.

“In our view, all 3 companies provide long-term structural growth qualities which are presently being discounted by the market,” stated the team.

“We still believe they can grow earnings well ahead of the market over the next 3 years.”

The big catalyst for gaming provider Aristocrat is expected to be the release of its first-half results on 19 May.

“Near-term growth could be closer to +25% as land-based gaming continues to rebound,” the Wilsons memo read.

“Currently trading on a PE multiple of 21x, Aristocrat does not seem expensive relative to its earnings growth potential.”

With rising interest rates, many investors think that building materials provider James Hardie will suffer from a downturn in housing construction.

But Wilsons analysts disagree.

“We believe the James Hardies’ growth is less dependent on the housing cycle than many believe given; 1) proven ability to grow through the cycle; 2) emerging B2C proposition, and 3) EU assets are much earlier in their lifecycle.”

The team noted that the James Hardie share price is currently trading at 10% below the industrials index, even though its 10-year average is 40% above it.

As for jobs classifieds site Seek, Wilsons analysts think that the share price could exceed $40 if the company can successfully execute its plans.

That’s more than a 30% premium on the current level.

“We think the market is still too focused on ad volumes, as distinct from revenue – which should hold up better than volumes as SEK continues on value-based pricing and removal of the recruiter fee discount,” read the memo.

“We believe the market is likely to underestimate the benefit from the switch to value-based pricing, much like it did with Carsales.com Ltd (ASX: CAR) and REA Group Limited (ASX: REA).”

The post 3 ASX shares going for way cheaper than they’re worth: Wilsons appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy next week
• We stopped buying tech, but just picked up these 2 ASX shares: expert
• Why buying ASX dividend shares based only on yield can deliver poor results: fundie
• 5 ASX shares trading ex-dividend next week
• Analysts name 2 ASX growth shares to buy with 40%+ upside

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 REA Group Limited, SEEK Limited, and carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting some ASX 200 dividend shares to boost your income, then you may want to check out the two listed below.

Here’s why these dividend shares have been rated as buys recently:

Rio Tinto Limited (ASX: RIO)

If you’re not averse to investing in the resources sector, then it could be worth considering Rio Tinto. This mining giant is being tipped to reward shareholders with huge dividends in the coming years thanks to favourable commodity prices and its return to production growth.

Goldman Sachs is one of a number of brokers that is very positive on the mining behemoth. It has a buy rating and $131.50 price target on the company’s shares. The broker likes Rio Tinto due to its valuation and strong free cash flow generation. Goldman also highlights the miner’s compelling low emission aluminium exposure through its ELYSIS inert anode technology, which it believes could be worth billions.

As for dividends, based on the current Rio Tinto share price of $110.34, Goldman is forecasting fully franked dividend yields of 11% in FY 2022 and FY 2023.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that analysts are positive on is Telstra. They believe the telco giant could be a top option for income investors due to its positive outlook.

This is being underpinned by the highly successful execution of its transformative T22 strategy and the impending growth-focused T25 strategy. The latter includes targets such as driving strong earnings per share growth in the coming years.

The team at Morgans is positive on Telstra. It currently has an add rating and $4.55 price target on the company’s shares. The broker feels the market is undervaluing its shares on a sum of the parts basis.

In respect to dividends, Morgans continues to expect fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.95, this implies yields of 4%.

The post 2 ASX 200 dividend shares analysts are urging income investors to buy appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• These ASX 200 shares are topping the volume charts on Friday
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• These 3 ASX 200 shares are topping the volume charts this Thursday
• ‘Highly opportunistic’: Rio Tinto (ASX:RIO) share price higher despite Turquoise takeover setback

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 owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished a very strong week in a positive fashion. The benchmark index rose 0.6% to 7,294.4 points.

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

ASX 200 expected to push higher

The Australian share market looks set to start the week on a positive note. This follows a strong finish to last week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 59 points or 0.8% higher this morning. On Wall Street, the Dow Jones rose 0.8%, the S&P 500 climbed 1.2%, and the Nasdaq stormed 2% higher.

Oil prices rise

Energy producers Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a decent start to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 1.7% to US$104.70 a barrel and the Brent crude oil price rose 1.2% to US$107.93 a barrel. However, this couldn’t stop oil prices recording their second successive weekly decline.

A2 Milk shares rated as a buy

The A2 Milk Company Ltd (ASX: A2M) share price could be in the buy zone according to the team at Bell Potter. This morning the broker retained its buy rating but trimmed its price target on the struggling infant formula company’s shares to $7.15. While Bell Potter has reduced its earnings forecasts to reflect higher ingredient costs, it still believes A2 Milk can double its earnings per share by FY 2026.

Gold price falls

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a subdued start to the week after the gold price softened on Friday night. According to CNBC, the spot gold price fell 0.7% to US$1,933.9 an ounce. Gold had its worst week in months after demand for safe haven assets weakened.

Iron ore price rises

The shares of BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) could have a positive start to the week after iron ore prices rose on Friday. According to Metal Bulletin, the spot benchmark iron ore price climbed 3% to US$151.35 a tonne. This follows a more positive growth outlook for the Chinese economy which has encouraged bullish market sentiment in iron ore futures.

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

More reading

• Oil price could hit US$200 per barrel this year: expert
• These were the worst performers on the ASX 200 last week
• Is the bull market over?
• These ASX 200 shares are topping the volume charts on Friday
• Brokers name 3 ASX shares to buy today

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 recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking to bolster your portfolio with some blue chip shares, you may want to look at the three listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to look at is CSL. It is a leading biotechnology company behind the CSL Behring and Seqirus businesses. Combined, these two businesses have a portfolio of life-saving and lucrative therapies and vaccines which are generating billions of dollars in sales each year. In addition, the company invests in the region of 10% to 11% of these sales back into research and development activities every year. This ensures that CSL has a pipeline of potentially lucrative products to drive its future growth. The proposed blockbuster acquisition of Vifor Pharma will also add to its portfolio and boost its growth outlook.

Citi is a fan and has a buy rating and $335.00 price target on CSL’s shares. Its analysts believe that plasma collections will rebound beyond pre-pandemic levels this year. Citi expects this to be a big boost to investor sentiment which could support a re-rating of its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of in-demand properties with exposure to key growth markets such as ecommerce. Thanks to strong demand and a material development pipeline, Goodman has been tipped to continue its solid growth in the coming years.

The team at Citi is also very positive on Goodman. Its analysts currently have a buy rating and $29.50 price target on the company’s shares. They believe the company could outperform its earnings guidance in FY 2022.

REA Group Limited (ASX: REA)

A final ASX blue chip ASX 200 share to look at is REA Group. It is a leading provider of property and property-related services via websites and mobile apps across Australia and Asia. It is best-known for the realestate.com.au website which is dominating the ANZ market with 3.3 times more site visits than its nearest competitor. Looking ahead, thanks to this dominance, a strong housing market, and new acquisitions and revenue streams, REA Group appears well-positioned for long term growth.

Goldman Sachs is very positive on the company’s outlook. The broker currently has a buy rating rating and $167.00 price target on its shares.

The post 3 buy-rated blue chip ASX 200 shares according to experts appeared first on The Motley Fool Australia.

More reading

• We stopped buying tech, but just picked up these 2 ASX shares: expert
• Why buying ASX dividend shares based only on yield can deliver poor results: fundie
• Why expert says this supermarket ASX share is a better bet than Woolworths (ASX:WOW)
• Do ASX biotech shares offer ‘good buying’ after the sell-off? Experts weigh in
• 2 highly rated ASX shares analysts are tipping as buys

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. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you don’t have the funds to build a diverse portfolio, then exchange traded funds (ETFs) could be a good option. This is because ETFs allows you to invest in a large number of shares through just a single investment.

With that in mind, I have picked out three ETFs that trade on the ASX that could be good options for investors to look at right now. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF could be a top option for investors wanting to gain exposure to the growing Asian economy. This ETF gives investors access to the biggest and best tech shares the region has to offer. This means you’ll be owning a slice of companies such as ecommerce giants Alibaba and JD.com, search engine company Baidu, and WeChat owner Tencent.

BetaShares Global Cybersecurity ETF (ASX: HACK)

The BetaShares Global Cybersecurity ETF could be a great way to invest in the the global cybersecurity sector. This is because the fund is invested in many of the highest quality companies in the sector such as Accenture, Cisco, Cloudflare, Fortinet, Okta, Splunk, Zscaler, Crowdstrike, and Palo Alto Networks. Given how demand for cybersecurity services is expected to rise strongly over the coming years, these companies appear well-placed for growth over the 2020s.

The post Have you seen these exciting ETFs that are listed on the ASX? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Are you looking for some dividend options for your portfolio? If you are, check out the two ASX shares listed below.

Here’s why these ASX dividend shares have been tipped to as buys:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share for investors to consider is this retail giant. As well as being one of the big two supermarket operators with over 800 stores, Coles operates over 900 liquor retail stores, and over 700 Coles express stores.

But management isn’t settling for this. It continues to expand its network and invest in its online business. The latter includes the construction of new smart distribution centres with automation giant Ocado. All in all, analysts expect this to underpin solid earnings and dividend growth over the 2020s.

The team at Citi expect this to be the case. The broker is positive on Coles and currently has a buy rating and $19.30 price target on its shares. As for dividends, Citi has pencilled in fully franked dividends per share of 65 cents in FY 2022 and 72 cents in FY 2023.

Based on the current Coles share price of $17.74, this will mean yields of 3.7% and 4.1%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that could be in the buy zone is Super Retail. It is the company behind the BCF, Macpac, Rebel, and Supercheap Auto businesses.

Super Retail’s shares have fallen heavily this year due to a disappointing half year result caused by COVID headwinds. However, the team at Morgans believe this recent weakness is a buying opportunity for investors and recently upgraded its shares to an add rating with a $13.80 price target.

The broker highlights that Super Retail’s shares were trading at just 12x estimated FY 2023 earnings at that point. They have since fallen even further.

Morgans appears confident that Super Retail will bounce back as COVID headwinds ease. This is expected to support fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.24, this will mean yields of 5.75% and 6%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

More reading

• Why expert says this supermarket ASX share is a better bet than Woolworths (ASX:WOW)
• 2 ASX dividend shares to buy for this year and beyond: experts
• Why has the Coles (ASX:COL) share price rallied 7% in a month?
• The Coles (ASX:COL) dividend beats Woolworths. Does that make it a better income share?
• 2 ASX dividend shares with big yields that analysts rate as buys

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. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET and Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Commonwealth Bank of Australia (ASX: CBA)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating but lifted their price target on this banking giant’s shares to $92.00. Morgan Stanley has increased its earnings estimates for the sector to reflect higher than previously expected cash rate forecasts. The broker expects the cash rate to increase by 65 basis points this year and then by a further 1% in 2023. However, it still feels CBA’s shares are overvalued at the current level and retains its underweight rating. The CBA share price ended the week at $106.29.

Gold Road Resources Ltd (ASX: GOR)

A note out of Macquarie reveals that its analysts have downgraded this gold miner’s shares to an underperform rating with a $1.70 price target. Although the broker has increased its gold price forecasts for the near term, it isn’t enough to prevent a downgrade to underperform. Macquarie made the move on valuation grounds following recent share price strength. The Gold Road share price ended the week below this target at $1.66.

Insurance Australia Group Ltd (ASX: IAG)

Another note out of Morgan Stanley reveals that its analysts have retained their underweight rating and $3.90 price target on this insurance giant’s shares. After taking the recent floods into account, Morgan Stanley has concerns that IAG is at risk of elevated catastrophe budget increases in FY 2023. It suspects that this could lead to an increase in the insurer’s cost of capital. The IAG share price was fetching $4.61 at Friday’s close.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

More reading

• If you invested $10,000 in CBA shares a decade ago, here’s what it would be worth now
• These were the worst performers on the ASX 200 last week
• Fundie tells why two-thirds of all dividends come from just 7 ASX shares. Guess which ones?
• CBA (ASX:CBA) share price on watch as CEO sells $1.4m of shares
• Why expert says this supermarket ASX share is a better bet than Woolworths (ASX:WOW)

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 owns and has recommended Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Corporate Travel Management Ltd (ASX: CTD)

According to a note out of Macquarie, its analysts have retained their outperform rating and $26.70 price target on this corporate travel specialist’s shares. The broker notes that industry data is pointing to improving trading conditions in the United States, which is big positive given the company’s significant exposure to this market. All in all, the broker is very positive on Corporate Travel Management’s outlook and continues to rate it as its top pick in the sector. The Corporate Travel Management share price was trading at $23.28 at the end of the week.

Seek Limited (ASX: SEK)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and lifted their price target on this job listings company’s shares to $36.00. Morgan Stanley was pleased with Seek’s performance during the first half and expects more of the same in the future. Particularly given the tight jobs market and higher than normal rates of job switching. The Seek share price was fetching $31.03 at Friday’s close.

Treasury Wine Estates Ltd (ASX: TWE)

Analysts at Citi have retained their buy rating and $13.78 price target on this wine company’s shares. Citi notes that industry data appears to be showing that sales are shifting from the retail channel to the on-premise channel. This could be a big positive given that this channel is higher margin. So much so, the broker suspects that Treasury Wine could outperform its expectations in the second half. The Treasury Wine share price ended the week at $11.84.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• We stopped buying tech, but just picked up these 2 ASX shares
• 5 ASX shares trading ex-dividend next week
• 5 ASX shares to ride out the 2022 volatility: expert
• Why has the Treasury Wine (ASX:TWE) share price surged 10% in a month?
• $20k invested in these ASX shares 10 years ago is now worth…

Motley Fool contributor James Mickleboro owns SEEK Limited. 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 Corporate Travel Management Limited, SEEK Limited, and Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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