ASX miners could lose sizeable cashflow from the government as Fortescue Metals Group Limited (ASX: FMG) campaigns for the diesel subsidy to be shifted to green energy instead.

The Australian has reported that Fortescue Chair Dr Forrest has been meeting with senior government figures, such as the Prime Minister Scott Morrison, that the subsidy money could be used to “retool Australia, to support green hydrogen, green ammonia and green electricity”. He has also reached out to Labor, to try to achieve bipartisan support.

If the subsidy were ended to Australia’s miners, it could mean that the government would keep between $5 billion to $7 billion a year. It’s estimated that the tax credit total could reach $8.9 billion by 2024.

But most of that subsidy money goes to a select few, large companies like BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue. Fortescue is responsible for around $300 million, with BHP and Rio Tinto reportedly getting even more. Newcrest Mining Limited (ASX: NCM) was another that was named as a sizeable recipient.

Dr Forrest is reportedly proposing that the rebate start to be tapered off from 2025.

Miners aren’t the only ones that claim this diesel credit

The Australian reported that mining companies claim approximately 45% of the total subsidy.

Dr Forrest’s plan reportedly would allow small, medium-sized and family businesses to be able to claim a rebate, as would most agricultural businesses and tourism operators, and that it would be phased out over five years.

It was noted that environmental groups call this rebate a subsidy for fossil fuels, whilst miners say it’s important for Australian industry to be competitive on costs.

Efforts to go green by Fortescue and the world

The Australian reported that last month, Goldman Sachs analysts has calculated that decarbonising its Pilbara operations could cost Fortescue over US$7 billion.

However, Dr Forrest has said repeatedly that Australia (and the world) doesn’t really have a choice and it’s better to do it sooner rather than later.

I will refer to Fortescue Future Industries in a moment, but the large shift of decarbonisation is identified by some investors as a large opportunity, not just purely a cost. For example, Nick Griffin from Munro Partners, recently said to Livewire:

I’d just leave you with this: we think it’s roughly a $30 to $50 trillion expense to de-carbonise the planet. And that’s a $30 to $50 trillion revenue opportunity for the companies that can provide these solutions.

This has potential to be as big an opportunity as the internet was for the last 20 years. That’s the one that we sit and look at today, and go, “This is what excites us about the next 10 years of doing our job.

Fortescue Future Industries (FFI) is the green division of the company that is aiming to take a global leadership position in the renewable energy and green products industry. It wants to make green hydrogen the most globally traded seaborne commodity in the world.

Fortescue says FFI is a key enabler of the ASX miner’s decarbonisation strategy, including Fortescue’s recently announced industry leading target to achieve net zero scope 3 emissions by 2040.

FFI’s teams have made progress on a number of areas.

There has been the successful combustion of ammonia in a locomotive fuel.

It has completed the design and construction of a combustion testing device for large marine (ship) engines with pilot test work underway and a pathway to achieve completely renewable green shipping fuel.

It has finalised the design of a next generation ore carrier (ship) that will consume renewable green ammonia.

FFI has been testing battery cells to be used on Fortescue haul tricks.

It has designed and constructed a hydrogen powered haul truck and a hydrogen powered drill rig for demonstration, with systems testing underway.

Fortescue Future Industries has successfully completed production of high purity green iron from Fortescue ores at low temperature in a continuous flow process.

Finally, it has successfully initially trialled to used waste from the green iron ore process noted above, with other “easily source materials” to make green cement.

The post Fortescue’s push to axe diesel subsides could cost ASX miners billions appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• Why has the Rio Tinto (ASX:RIO) share price fallen in a hole over the past month?
• Top brokers name 3 ASX shares to buy next week
• Own Fortescue (ASX:FMG) shares? Here’s the latest threat to Twiggy’s $100b hydrogen plans
• 2 high yield ASX dividend shares named as buys

Motley Fool contributor Tristan Harrison owns shares of Fortescue Metals Group 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 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 Bruce Jackson.

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Normally, we investors can’t say with much certainty whether an ASX share will rise or fall in value at any point in the future. If an investor could, they’d probably be at the top of the Rich List, and we’d know all about it. But there is one particular circumstance we can point to in which it is fairly easy to predict a share price fall. That would be the ex-dividend date.

When an ASX income-producing share pays a dividend, it needs to inform the market of the date on which any new shareholders will be cut off from receiving the said dividend. This is known as the ex-dividend date. And because new shareholders can’t receive this dividend, its value leaves the company’s share price. This usually results in a commensurate share price drop.

So here are 5 ASX dividend shares that will experience this in the coming week. So keep your eyes out for that ex-dividend slump.

5 ASX shares going ex-dividend this week

Elders Ltd (ASX: ELD)

Our first dividend share trading ex-dividend this week is agri-business Elders. Elders is scheduled to trade ex-dividend today, meaning that you had to have owned shares on Friday at the latest if you are to receive this company’s final dividend of 22 cents per share, 20% partially franked, that will be paid out on 17 December. At Friday’s closing share price of $11.79, Elders shares have a dividend yield of 3.56%.

Amcor CDI (ASX: AMC)

Packaging giant Amcor is another share that is scheduled to trade ex-dividend this week, on Tuesday to be precise. Shareholders can look forward to receiving Amcor’s unfranked quarterly dividend of 16 cents per share on 14 December. At Amcor’s last share price of $16.60, this company has a dividend yield of 3.78%.

Whitefield Limited (ASX: WHF)

One of the ASX’s ‘old-school’ listed investment companies (LICs), Whitefield is another ASX share trading ex-dividend this week. Whitefield’s fully-franked interim dividend of 10.25 cents per share will hit investors’ bank accounts on 10 December after the company trades ex-div on Wednesday. At Whitefield’s last share price of $5.83, this LIC has a dividend yield of 3.52%.

GrainCorp Ltd (ASX: GNC)

Another agri-business going ex-dividend on Wednesday is GrainCorp. Investors can look forward to receiving GrainCorp’s final dividend of 10 cents per share, fully franked, on 9 December. At Friday’s last share price of $7.20, GranCorp shares offer a yield of 2.5%.

Nufarm Ltd (ASX: NUF)

Our last ASX dividend share for today is another agricultural company in Nufarm. This chemicals manufacturer will be sending its final and unfranked dividend of 4 cents per share out the door on 17 December after it trades ex-dividend on Thursday this week. At the last share price of $4.81, Nufarm had a dividend yield of 0.58%. Nuf said.

The post 5 ASX shares that could slump this week appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares Goldman Sachs rates as conviction buys
• Why Chalice Mining, CBA, Nufarm, and SEEK shares are sinking
• Nufarm (ASX:NUF) share price falls despite stellar profit growth
• Macquarie warns the next ASX market downturn could come as soon as February
• 5 things to watch on the ASX 200 on Tuesday

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 owns shares of and has recommended Amcor Limited. The Motley Fool Australia has recommended Elders 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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The Vulcan Energy Resources Ltd (ASX: VUL) share price will be one to watch on Monday.

This follows the release of an announcement by the Europe based lithium developer this morning.

Why is the Vulcan share price on watch?

The Vulcan share price will be on watch today after it announced a binding lithium hydroxide offtake agreement with European car giant Renault.

According to the release, in line with Renault’s ambition to offer Made in Europe cars and the launch of its new ElectriCity electric vehicle production unit, the auto manufacturer has agreed to purchase between 26,000 to 32,000 metric tonnes of battery grade lithium chemicals over a six-year period.

The agreement will see commercial delivery begin in 2026, with pricing to be based on market price on a take or pay basis.

While this is a positive, it could prove to be far less than the market was expecting. In August, the two parties signed a term sheet for 6,000 and 17,000 metric tonnes per year of battery grade lithium chemicals for five years. This implied a total purchase of 30,000 to 85,000 metric tonnes over the five years.

Nevertheless, Vulcan’s Managing Director, Dr. Francis Wedin, appeared to be pleased with the deal.

He commented: “The completion of this definitive offtake agreement means Vulcan’s Zero Carbon Lithium business will be directly enabling Renault to meet its commitment of producing carbonfree EV batteries and becoming carbon neutral, as part of its “Carbon neutrality – Green as a business” strategy. For Vulcan, the agreement is consistent with our strategy to enter into long term, stable supply agreements with companies that share our ethos on sustainability and decarbonisation ambitions. We look forward to a long and productive relationship between Vulcan and Renault Group going forward.”

The post Vulcan (ASX:VUL) share price on watch following Renault agreement appeared first on The Motley Fool Australia.

More reading

• Vulcan (ASX:VUL) share price falls despite acquisition update
• Vulcan Energy (ASX:VUL) share price lifts 6% to defy wider market selloff. Here’s why
• Why Afterpay, Immutep, Pushpay, and Vulcan shares are falling
• Why the Vulcan (ASX:VUL) share price is rising on Wednesday
• Don’t get short with me! Vulcan Energy (ASX:VUL) share price continues dive amid lawsuit

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 Bruce Jackson.

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Are you wanting to gain exposure to the banking sector? If you are, then you may be wondering which of the big four banks to buy over the others.

To help narrow things down, Goldman Sachs has run the rule over the sector following recent result releases.

Which big four banks should you buy?

According to the note, Goldman thinks investors should be buying banks with a focus on commercial banking instead of retail banking. This is due largely to aggressive competition for home loans which has been weighing on margins.

It is for this reason that the broker prefers National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking GrpLtd (ASX: ANZ) ahead of Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC).

Goldman commented: “We highlight a strong preference for the commercially-focused banks (NAB and ANZ), over the retail-focused banks (CBA and WBC) and margins is where we see the largest divergence, in particular: i) competition for mortgages is currently more aggressive than it is for SME, ii) management commentary suggests high quality, rate inert retail deposit bases (CBA, WBC) have very little room for further repricing in FY22E, while ANZ, NAB suggest there is more room (albeit less than in FY21), and iii) CBA and WBC management talk to further headwinds from the replicating portfolio in FY22E, while ANZ and NAB talk to a more neutral outcome.”

NAB remains the top pick 

The NAB share price remains Goldman’s top pick in the sector. The broker has reiterated its conviction buy rating and $31.15 price target on the bank’s shares.

Based on the current NAB share price of $28.57, this implies potential upside of 9% or ~14% including dividends.

Goldman explained: “Given NAB’s position as the largest business bank, we believe it will benefit more from the continued economic recovery (management is seeing all segments in its Business & Private Bank exhibiting solid growth without sacrificing margin, and asset quality remains strong).”

What about the others?

ANZ’s shares are the broker’s next favourite. Goldman has a buy rating and $31.82 price target on its shares. This compares favourably to the latest ANZ share price of $27.30.

Elsewhere, its analysts have a neutral rating and $25.60 price target on Westpac’s shares and a sell rating and $81.74 price target on CBA’s shares.

In respect to the latter, Goldman commented: “While CBA remains the preeminent retail banking franchise in Australia, its 1Q22 trading update highlighted that even it is not immune from the profitability pressures that are currently particularly evident in mortgages (competition and mix).”

Food for thought for ASX investors.

The post Are ANZ (ASX:ANZ) and NAB (ASX:NAB) the best ASX bank shares to buy? appeared first on The Motley Fool Australia.

More reading

• Top brokers weigh in on the CBA (ASX:CBA) share price
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to sell next week
• 2 ASX 200 dividend shares to buy
• Top broker says forget CBA (ASX:CBA) and buy Westpac (ASX:WBC) shares

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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 Westpac Banking Corporation. 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 searching for new shares to buy? If you are, you may want to consider the two listed below.

Both of these shares are growing quickly and have been tipped as buys by leading brokers. Here’s what you need to know about them:

REA Group Limited (ASX: REA)

REA Group is the company behind the realestate.com.au website, several international equivalents, and a collection of complementary businesses such as Mortgage Choice.

In FY 2021, the company continued to dominate the ANZ market with a massive average of 121.9 million monthly visits to its website. This was an increase of 35% year on year and is 3.3 times greater than its nearest competitor.

Pleasingly, REA has carried over this momentum into FY 2022. The company recently reported a 35% increase in first quarter revenue to $264 million and a 25% lift in EBITDA to $158 million. This was driven by growth across all Australian segments, underpinned by an increase in national listings.

Macquarie is very positive on REA Group and has an outperform rating and $192.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is Australia’s leading online furniture and homewares retailer. It has been growing rapidly over the last few years thanks to its strong market position and the shift to online shopping. 

Positively, this shift is only really getting started in the furniture and homewares category. Management notes that just 7% to 9% of category sales were made online in 2020. This is significantly lower than the percentages being observed in other Western markets. So, if Australia follows suit, Temple & Webster will be a major beneficiary. This could support strong sales growth over the remainder of the 2020s.

Morgan Stanley is very positive on the company’s future. So much so, it has an overweight rating and $16.00 price target on Temple & Webster’s shares.

The post Analysts have slapped buy ratings on these 2 growing ASX shares appeared first on The Motley Fool Australia.

More reading

• 3 fantastic ASX shares to buy this month
• Are these 2 top ASX growth shares buys?
• 2 outstanding blue chip ASX shares to buy this month
• 5 fantastic ASX shares to buy right now
• Leading brokers name 3 ASX shares to sell 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. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended REA Group Limited and Temple & Webster Group 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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S&P/ASX 200 Index (ASX: XJO) shares are usually some of the biggest and strongest businesses in their respective sectors.

COVID-19 has been a disruptive time for plenty of companies, but some have managed to take advantage of changes in customer demand.

With some pandemic impacts now subsiding, are the below businesses worth buying?

Xero Limited (ASX: XRO)

Xero is a world leader when it comes to cloud accounting software.

It is currently rated as a buy by the broker Citi, with a price target of $160 on the tech company. Whilst the broker used the competitor Sage (from the UK) as a barometer for the ASX share, Xero itself is reporting good growth.

Less than two weeks ago, Xero reported its HY22 full year result. It said that its UK revenue increased by 24% to $132.8 million with 65,000 net subscriber additions, taking the total to 785,000.

There were various other regions that saw a high level of net subscriber additions for the ASX 200 share. Australia saw 124,000 net subscriber additions, to reach 1.24 million subscribers. Total subscribers grew 23% to 3 million, with net subscriber additions rising 62% to 272,000 for the half.

The segment that saw the fastest growth was the ‘rest of the world’, which includes growth regions like South Africa and Singapore, which saw revenue increase by 72% to $45.9 million, helped by the acquisition of Planday.

Xero continues to invest heavily for growth, which is why the HY22 free cashflow fell by 88% to $6.35 million. However, the gross profit margin increased by a further 1.4 percentage points to 87.1%.

Management are preferring to re-invest cash generated to drive long-term growth and shareholder value.

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is one of the leading electronics and home appliance retailers in Australia and New Zealand.

It is currently rated as a buy by the broker Credit Suisse, with a price target of $55.86. That implies the broker believes the share price could go up by more than 10% over the following 12 months.

The broker thought JB Hi-Fi’s first quarter sales were very good considering how many of its stores were closed during the lockdowns.

As a reminder, the ASX 200 share said that compared to FY21, the sales in the first quarter of FY22 for JB Hi-Fi Australia and The Good Guys were only down by 7.5% and 5.6% respectively. Compared to FY20, those sales were actually up 17.3% and 23.6% respectively.

In October, JB Hi-Fi said its sales momentum was continuing and was benefiting from the re-opening of stores in NSW and changes to the timing of key product releases. Management are feeling confident as the company enters the important Christmas trading period.

Based on Credit Suisse’s numbers, the JB Hi-Fi share price is valued at 14x FY22’s estimated earnings with a projected grossed-up dividend yield of 6.8%.

The post Are these 2 strong ASX 200 shares buy rated? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to sell next week
• These were the best performing ASX 200 shares last week
• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today

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. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. 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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The Commonwealth Bank of Australia Ltd (ASX: CBA) share price fell off the cliff-face last week, losing 9.5% across the five days. That comes despite it edging 0.36% higher on Friday to end the week at $97.81.

Shares in the banking giant tanked from a closing high of $107.68 on Tuesday to finish as low as $98.99 on Wednesday after the company released its quarterly trading update.

In light of this, several leading investment firms have weighed in on the investment debate for CBA shares. Here’s what the experts from each broker had to say.

Is the CBA share price a buy?

Analysts at Goldman Sachs don’t reckon so. The firm is heavily bearish and cut its price target by another 3% to $81.74 in a recent update.

Goldman notes that CBA isn’t immune to losing market share in its mortgage business, as competition mounts up from other Aussie banks in the space.

It says “while CBA’s commitment to investment is the right thing for the franchise in the medium term, it provides it with less flexibility to offset the revenue headwinds”.

The team at Macquarie Group Ltd (ASX: MQG) doesn’t think CBA is a buy right now either. The investment bank likens Commonwealth’s increased spending and worsening margins to that of Westpac’s, which doesn’t bode well.

It also notes mortgage competition and record low interest rates hurt CBA’s margins further. It expects CBA to deliver a deficit of 3% in pre-provision earnings growth in FY22.

Macquarie thinks the CBA share price could fall by up to 15% to $87.50 and maintains an underperform rating.

Morgan Stanley agrees with its colleagues and slaps an $87.50 price target as well while staying underweight on the company.

It states that investors should reassess CBA’s position within the market, and its ability to maintain above-average growth.

The firm also believes CBA won’t be able to restore its dividend to its FY19 glory for at least another 2–3 years. Further, it notes CBA’s buyback program is only likely to dilute the share count by around 1%, subsequently questioning its value.

What other ratings are there?

Ord Minnett also jumped into the debate and anticipates further earnings estimate downgrades following CBA’s trading update.

It noted Commonwealth’s revenue was 1% down from its quarterly average over the last 6 months and that it delivered worst-than-expected results.

Ord also has an underperform rating and believes further challenges will result in downgrades to margins, lower non-interest income, and higher costs to growing the business.

Adding to the sell list is Citi, with a sell rating and $94.50 valuation on the CBA share price.

Citi notes CBA’s result was 3% lower than its internal estimates, and that CBA’s net interest margin (NIM) faced pressure.

This makes its premium to peers hard to justify, according to Citi. It said, “trading at 2.4x book value and having strongly outperformed peers over the last month, we see little to justify the premium in this result”.

What’s the overall sentiment on the CBA share price?

Out of the 16 analysts covering the CBA, 11 have a sell rating or are bearish on the direction of its share price. Three firms, Jefferies, Bell Potter, and Jarden Securities, have buy ratings on the share and reckon it could be worth the purchase.

Each of these firms values CBA shares at $112, $111, and $101 per share respectively.

The spread between the highest and lowest valuation in the group is $39/share or 53%, with Morgans taking out the bottom spot with its reduced rating and $73 price target.

On average, the group values the CBA share price at $93.05, implying a downside potential of almost 5% on Friday’s closing price.

The post Top brokers weigh in on the CBA (ASX:CBA) share price appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell next week
• Top broker says forget CBA (ASX:CBA) and buy Westpac (ASX:WBC) shares
• These were the worst performing ASX 200 shares last week
• What’s happening with the CBA (ASX:CBA) share price this week?
• Own CBA (ASX:CBA) shares? Here’s the bank’s latest foray into crypto

The author Zach Bristow 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 shares of and has recommended Macquarie 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’re interested in buying some dividend shares in the near future, then you may want to look at the two listed below.

These dividend shares have been tipped both as buys and as generous dividend payers by analysts. Here’s what they are saying about them:

Centuria Industrial Reit (ASX: CIP)

Centuria Industrial could be a top option for income investors. It is the largest domestic pure play industrial REIT, with a portfolio of high-quality assets situated in key metropolitan locations throughout Australia.

The company also recently added to this portfolio with the acquisition of eight freehold urban infill industrial assets for $351.3 million. Management was very positive on the transaction, noting that it expands Centuria Industrial’s exposure across attractive industrial sub-sectors. These include distribution centres, cold storage, and transport logistics.

Macquarie is very positive on the company and has an outperform rating and $4.22 price target on its shares. The broker is also forecasting a 17.3 cents per share distribution in FY 2022 and an 18.4 cents per share distribution in FY 2023. 

Based on the current Centuria Industrial share price of $3.73, this will mean yields of 4.6% and 4.9%, respectively

Charter Hall Social Infrastructure REIT (ASX: CQE)

Charter Hall Social Infrastructure REIT could be another ASX dividend share to buy. This real estate investment trust focuses on investing in social infrastructure properties such as childcare centres, government sites, and healthcare buildings. 

It also recently added some new properties to its portfolio. The REIT acquired two premium childcare assets in Queensland and a healthcare property owned by Healius Ltd (ASX: HLS) for a total of $58.4 million.

In response to the deal, Goldman Sachs retained its conviction buy rating, increased its price target to $3.91, and lifted its FY 2022 dividend estimate to 16.9 cents per share. Goldman then expects the latter to grow to ~17.7 cents per share in FY 2023.

Based on the current Charter Hall Social Infrastructure REIT share price of $3.68, this implies dividend yields of 4.6% and 4.8%, respectively, for investors.

The post 2 high quality ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

More reading

• Why Telstra (ASX:TLS) and this dividend share are rated as buys
• 2 buy-rated ASX dividend shares with big yields
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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. 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 Bruce Jackson.

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On Friday the S&P/ASX 200 Index (ASX: XJO) finished a difficult week on a positive note. The benchmark index rose 0.2% to 7,396.5 points.

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

ASX 200 expected to sink

The Australian share market looks set to start the week deep in the red. According to the latest SPI futures, the ASX 200 is expected to open the day 45 points or 0.6% lower this morning. This follows a mixed end to the week on Wall Street, which saw the Dow Jones fall 0.75%, the S&P 500 drop 0.15%, but the Nasdaq buck the trend by pushing 0.4% higher.

NAB shares rated as a buy

The National Australia Bank Ltd (ASX: NAB) share price remains good value according to the team at Goldman Sachs. This morning the broker has reiterated its conviction buy rating and $31.15 price target on the bank’s shares. Goldman believes commercial banks are better positioned for the current environment tan retail-focused banks. This is due to the latter being impacted by aggressive competition for mortgages.

Oil prices tumble

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a tough start to the week after oil prices sank on Friday night. According to Bloomberg, the WTI crude oil price is down 3.15% to US$75.94 a barrel and the Brent crude oil price has fallen 2.9% to US$78.89 a barrel. Oil prices fell to six-week lows amid demand concerns following the announcement of lockdowns in Europe.

Gold price falls

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could start the week in the red after the gold price dropped on Friday night. According to CNBC, the spot gold price fell 0.8% to US$1,846.80 an ounce. This follows the strengthening of the US dollar after US Federal Reserve Governor Christopher Waller called for the early tapering of economic support.

WiseTech shares fully valued

Last week WiseTech Global Ltd (ASX: WTC) held its annual general meeting and reiterated its FY 2022 guidance for EBITDA growth of 26% to 38%. While this and its positive outlook led to Bell Potter lifting its valuation on the WiseTech share price by 18% to $56.25, it isn’t enough for a change of recommendation. Bell Potter has retained its hold rating on valuation grounds

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

More reading

• 2 ASX 200 dividend shares to buy
• These were the best performing ASX 200 shares last week
• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• These 3 ASX 200 shares are topping the volume charts this Friday

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 shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended WiseTech Global. 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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Exchange traded funds (ETFs) can be great additions to a balanced portfolio. This is because they give investors easy access to a large and diverse number of different shares that you wouldn’t ordinarily have access to.

Due to their growing popularity, there are an increasing number of ETFs for investors to choose from.

In order to narrow things down, I have picked out three ETFs that are popular with investors right now:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF tracks the performance of the 50 largest technology and ecommerce companies that have their main area of business in Asia (excluding Japan). Among the ETFs holdings are Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings. As these and the other companies in the ETF are among the fastest growing in the region and revolutionising the lives of billions of people, they have been tipped to generate strong returns in the future.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The BetaShares NASDAQ 100 ETF gives investors exposure to 100 of the largest non-financial companies on the famous Nasdaq index. This includes some of the most iconic companies in the world such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla. Given the quality of these companies and their very positive outlooks, the Nasdaq 100 ETF has been tipped to generate strong returns for investors over the next decade.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

The Vanguard MSCI Index International Shares ETF is one of the most popular ETFs on the Australian share market. And it isn’t hard to see why. This ETF provides investors with exposure to over 1,500 of the world’s largest listed companies. This means through just a single investment, you can own a slice of companies such as Apple, Johnson & Johnson, Nestle, Procter & Gamble, and Visa. This could make it a good option if your portfolio lacks international exposure.

The post 3 ETFs for ASX investors to buy now appeared first on The Motley Fool Australia.

More reading

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• Why do investors buy the Vanguard Australian Shares Index ETF (ASX:VAS) when they can buy individual shares?
• 2 fantastic ETFs for ASX investors in 2022
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• 3 fantastic ETFs for ASX investors in November

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 shares of and has recommended BETANASDAQ ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS and BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares 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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