If you’re unhappy with the low interest rates on offer with savings accounts and term deposits, then you might want to look at the numerous dividend options on the Australian share market.

Two ASX dividend shares that could help you beat low rates are listed below. Here’s what you need to know about them:

Rio Tinto Limited (ASX: RIO)

Rio Tinto could be an ASX dividend share to look closely at. It is one of the world’s largest miners with a portfolio of world class operations across a number of commodities. One of those commodities is of course iron ore, which is currently commanding sky high prices.

This bodes particularly well for Rio Tinto given how the steel making ingredient contributes significantly to the company’s earnings. It is thanks to this that analysts at Macquarie are forecasting bumper earnings and dividends from the mining giant in the near term.

The broker has pencilled in fully franked dividends per share of ~$13.19 in FY 2021 and ~$11.16 in FY 2022. Based on the latest Rio Tinto share price of $128.36, this equates to very generous yields of 10.3% and 8.7%, respectively.

Macquarie currently has an outperform rating and $163.00 price target on the miner’s shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to look at is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.

Super Retail has been a strong performer in FY 2021 thanks to a combination of the favourable redirection of consumer spending during the pandemic and its strong brands and market position.

According to the company’s most recent update, its like for like sales were up 28% during the first 44 weeks of FY 2021 compared to the prior corresponding period. In addition, Super Retail’s elevated gross margin had remained stable since the end of the first half. This bodes well for its full year profit growth.

One leading broker that is positive on the company is Goldman Sachs. In fact, it suspects that a special dividend could be paid in August. As a result, Goldman is forecasting an 84 cents per share fully franked dividend for FY 2021. Based on the latest Super Retail share price of $12.62, this represents a 6.7% yield.

Goldman Sachs has a buy rating and $15.00 price target on its shares.

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

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• Why the JB Hi-Fi (ASX:JBH) share price is down 7% this month
• Why is the Mineral Resources (ASX:MIN) share price up 4% today?
• Why this sector is lifting the ASX 200 higher today
• ASX 200 midday update: Wesfarmers makes API takeover bid, BHP & Rio Tinto rising

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 shares of and has recommended 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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The Kogan Ltd (ASX: KGN) share price could be an interesting one to think about at the current levels.

What is Kogan?

Kogan is a portfolio of retail and services that includes a large variety of businesses. Here are some of them: Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Travel, Kogan Money, Kogan Cars, Kogan Energy, Dick Smith, Matt Blatt and Mighty Ape.

It aims to offer those products and services to customers at a low cost thanks to digital efficiencies.

The company says it’s focused on making in-demand products and services more affordable and accessible.

Why the Kogan share price could be attractive

1: Cheaper Kogan share price valuation

Over the last six months, the Kogan share price has dropped by around 44%. In just the last three months it has declined by 17%.

That means that the business is not only cheaper, but it could be better long-term value.

In the last few months, Kogan has told investors about demurrage issues, but that has been resolved and does not expect any material demurrage issue to arise in the future.

Management said a key challenge during COVID-19 so far has been managing inventory levels to support its growth and then having too much after building up its inventory levels. That led to higher warehousing costs, and it has also led to increasing promotional activity, which meant a lower near-term gross profit margin and higher near-term marketing costs.

Management expect the business to return to normal levels (relative to the size of the business) and marketing spend as the inventory is reduced.

According to Commsec, the Kogan share price is valued at 23x FY23’s estimated earnings.

It’s also expected to pay a fully franked dividend of $0.34 per share in FY23. That translates to a grossed-up dividend yield of 4.3%.

2: Operating leverage

Prior to having those inventory issues, Kogan had been demonstrating operating leverage through the business.

In its FY21 half-year result, it reported that gross sales grew 97.4%, gross profit rose 126.2%, earnings before interest, tax, depreciation and amortisation (EBITDA) went up 132.4% and net profit after tax (NPAT) grew 164.2%.

Indeed, in the prior two first half periods, it had seen an increased in its gross profit margin, the contribution margin and the EBITDA margin.

Kogan had been experiencing scale of efficiencies, allowing profit to grow faster than sales. It has been investing in a number of areas for long-term growth. That includes improvements to its logistics network, speed of delivery, range expansion, and improved competition on the platform to improve the experience for customers.

It has pointed out that it’s experiencing repeat business from new customers. Kogan said more customers is expected to have ongoing long-term benefits as active customers continue repurchasing.

3: Increasing earnings diversification

The company has been looking to diversify its earnings away from the core Kogan ‘exclusive brands’ and ‘third party brands’ offerings. Kogan Marketplace is seeing rapid growth, although this is from a small base. In the third quarter of FY21, Kogan Marketplace saw sales jump 104% year on year to $5.1 million.

In that same third quarter, Kogan Mobile saw growth of revenue of 23.8% to $3.5 million.

One of the biggest things that Kogan has done is buy Mighty Ape, which is a New Zealand business which Kogan said was the number one retail specialist.

Kogan said that Mighty Ape has fast-growing exclusive brands, which are driving margins higher. It also operates its own purpose built distribution centre, allowing room for future growth.

Mighty Ape is already generating a sizeable part of the overall profit. In the third quarter of FY21, Mighty Ape made $6.1 million of the total $44 million gross profit generated across the business.

The post 3 reasons why the Kogan (ASX:KGN) share price could be a buy appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted shares on the ASX
• 2 excellent ASX growth shares that could be buys
• Here’s why the Kogan (ASX:KGN) share price is falling on Friday
• 3 stellar ASX 200 growth shares that could be buys in July
• 3 companies that broke their way into the ASX 200 in FY21

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 Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com 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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The Afterpay Ltd (ASX: APT) share price and the Zip Co Ltd (ASX: Z1P) share price could come under pressure on Wednesday.

This follows speculation that tech behemoth Apple is planning to enter the buy now pay later (BNPL) market.

Apple Pay Later

According to Bloomberg, Apple is reportedly working on a new service that will let consumers pay for any Apple Pay purchase in instalments.

The new offering, which is known as Apple Pay Later internally at Apple, will use investment bank Goldman Sachs as the lender for the instalment loans.

The two companies currently work together on the Apple Card credit card. Though, the report highlights that this new offering will not be tied to the card and consumers do not require the use of one.

Why would Apple enter BNPL?

The report suggests that Apple is interested in entering the BNPL market to help drive Apple Pay adoption and convince more users to pay for items using their iPhone instead of traditional debit or credit cards.

This would be another boost for the tech giant’s US$50 billion per year services business, with Apple receiving a percentage of transactions made with Apple Pay.

How will it work?

The new Apple Pay Later service is reportedly a mix of the Afterpay and Zip models, with two options for consumers to choose from. These are known internally as Apple Pay in 4 and Apple Pay Monthly Instalments.

Bloomberg understands that that when a user makes a purchase via Apple Pay on their Apple device in store or online, they will have the option to pay across four interest-free payments made every two weeks, or across several months with interest.

It also notes that users who want to use the Apple Pay Later service will need to be approved via an application submitted through the iPhone’s Wallet app. This is also where users will manage their payments.

Apple has declined to comment on the speculation.

How will Afterpay and Zip shares react?

Unfortunately for shareholders, it looks set to be a tough day for the Afterpay share price and the Zip share price.

In response to this news, the US-listed Affirm share price crashed 10% during overnight trade. This doesn’t bode particularly well for other BNPL shares today.

The post Afterpay and Zip shares on watch amid Apple Pay Later speculation appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• 3 ASX growth shares named as buys
• ASX investors were buying Tesla and Apple shares last week
• Ansarda (ASX:AND) share price surges on record quarter
• The Zip (ASX: Z1P) share price has rocketed up 14% in a week. Let’s see why

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 AFTERPAY T FPO, Affirm Holdings, Inc., Apple, and ZIPCOLTD FPO. 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 owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Apple. 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 National Australia Bank Ltd (ASX: NAB) share price will be one to watch closely today.

This follows the release of an announcement after the market close on Tuesday.

Why is the NAB share price on watch?

Late yesterday afternoon the banking giant confirmed speculation that it interested in acquiring the Australian Consumer business of Citigroup.

NAB commented: “Following media speculation, NAB confirms it is in discussions with Citigroup about the potential acquisition of its Australian Consumer business. NAB regularly assesses opportunities to acquire businesses that support its growth strategy in core banking markets.”

However, the big four bank has warned the market that there is no certainty these discussions will lead to a transaction. It will update the market further if and when appropriate.

How close is a deal?

According to the AFR, a $2 billion deal could be a lot closer to being sealed than NAB is leading on.

It is reporting that NAB has appointed Bank of America to help it secure the business, through an auction that is understood to be in the final stages. And, importantly, NAB is emerging as a frontrunner in the auction.

This deal has the potential to be a positive for the NAB share price. The banking giant reportedly believes it will help grow its retail book and is attracted to Citi’s expertise in unsecured lending. It also notes that it would be aligned with NAB CEO Ross McEwan’s simple and digital strategy, with some 90% of its 1 million customers coming to the lender through digital channels.

The report suggests the deal would add $11.5 billion in total residential loans and finance leases in Australia to NAB’s books. This includes $6.6 billion in housing loans and $3.6 billion in credit cards.

The NAB share price is up a sizeable 14.5% since the start of the year.

The post NAB (ASX:NAB) share price on watch after confirming Citi acquisition interest appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Wednesday
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• Why the NAB (ASX: NAB) share price has jumped today
• Which ASX 200 shares helped deliver record profits and a 4.5% dividend?
• Leading 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 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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The Select Harvests Limited (ASX: SHV) share price has gone up around 23% over the last month.

What is Select Harvests?

Select Harvests is a vertically integrated almond business, consisting of almond orchards, processing (hulling, shelling, roasting, slicing etc), trading (industrial products) and consumer products (through brands like Lucky and Sunsol).

It’s one of the largest Australian almond companies, supplying almonds domestically and internationally, to supermarkets, health food stores, other food manufacturers, retailers and the almond trade.

What has happened recently?

Yesterday, the business gave an update about the 2021 crop and current market conditions.

Select Harvests said that its 2021 harvest has been completed and all of the 2021 crop has been delivered to the Carina West processing facility in Victoria.

With over 60% of the crop processed, the nut company estimated that the crop volume, including from the acquisition of the Piangil orchard, will be approximately 28,250 MT, up around 21% from the 2020 crop volume of 23,250 MT.

Select Harvests said that processing productivity is continuing to improve, with investments in technology delivering efficiency gains and improving quality after leaving the farm.

Market conditions

Select Harvests also said that the almond industry has experienced significant growth in global demand across all markets, particularly in the markets of India, Europe and China.

Australian almond exports year on year are up 54%, with the South and Central Asian (India) market up 200%, Europe up 69% and the North East Asian (China) market up 9% during the period.

Continued strong shipment numbers and the worsening drought situation in California have led to an appreciation in almond pricing of between 5% and 10% over the last six months.

In the last few days, the US Department of Agriculture released the 2021 objective crop estimate for the 2021 US almond crop of 2.8 billion pounds, down 12.5% on the 3.2 billion pound subjective estimate released on 12 May 2021. With the California drought worsening in recent months, Select Harvests said the subjective estimate has proven to be too optimistic.  

Select Harvests said that forward commitments for California’s 2021 crop are down 29% compared to the same period last year with growers reluctant to sell and waiting to understand the potential impact of the drought on supply.

The business said that 60% of its 2021 crop is committed at prices in the range of A$5.90 per kilo and A$6.40 per kilo. However, the un-committed portion of the crop is the lower value grades. Select Harvests also said that 90% of the crop is covered at an exchange rate of 0.73AUD/USD and the current market price is in the range of A$6.20 to A$6.60.

Both Australian and US processors are experiencing some shipping delays due to container shortages. But Select Harvests said that it’s only experiencing minor related cashflow delays.

Management said development of Select Harvests’ 2022 crop is progressing well with good tree health, according to management. Volumes are benefiting as younger orchards reach maturity. Water supply and pricing is “much improved”.

Leadership commentary on the outlook

Paul Thompson said:

Record almond shipments and the worsening Californian drought have led to a recent price appreciation. Demand for almonds, both in their natural form and as a value-added food ingredient, in products such as plant based milks and yoghurts, continues to grow. Thanks in part to the December 2020 acquisition of Piangil Almond orchard, Select Harvests is set to achieve a record almond crop of 28,250MT in 2021. With good progress being made on the 2022 crop, Select Harvests remains focused on the factors within its control, including almond volume, quality, value adding and operating costs.

The post Why the Select Harvests (ASX:SHV) share price is up 23% in a month appeared first on The Motley Fool Australia.

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• Why the Select Harvests (ASX:SHV) share price is soaring 15% today
• Select Harvests (ASX:SHV) share price hits new 52-week high

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Tuesday the S&P/ASX 200 Index (ASX: XJO) gave back its morning gains and ended broadly flat. The benchmark index ended the day at 7,332.1 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 futures pointing higher

The Australian share market looks set to edge higher on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 8 points or 0.1% higher this morning. This is despite it being a poor night on Wall Street, which saw the Dow Jones fall 0.3%, the S&P 500 drop 0.35%, and the Nasdaq tumble 0.4% lower.

Apple to enter BNPL market

It could be a tough day for the shares of Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) on Wednesday amid speculation that Apple is going to enter the buy now pay later (BNPL) market. According to Bloomberg, the upcoming service, known internally as Apple Pay Later, will allow consumers to pay for any Apple Pay purchase in instalments. Apple will use Goldman Sachs as the lender for the instalment loans.

Oil prices push higher

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could rise on Wednesday after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.6% to US$75.31 a barrel and the Brent crude oil price is up 1.8% to US$76.51 a barrel. Traders were buying oil on the belief that US crude stockpiles are falling.

NAB confirms Citi interest

The National Australia Bank Ltd (ASX: NAB) share price will be on watch today. This follows the release of an announcement that confirms that the banking giant is interested in acquiring the Australian Consumer business of Citigroup. NAB advised that it is in discussions with Citi but warned that there is no certainty these discussions will lead to a transaction.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) will be on watch after the gold price edged higher. According to CNBC, the spot gold price is up 0.15% to US$1,808.50 an ounce. This was despite the release of a stronger than expected US inflation report.

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

More reading

• 3 ASX growth shares named as buys
• ASX 200 flat, Select Harvest jumps, Nearmap soars
• Ansarda (ASX:AND) share price surges on record quarter
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• Here are 3 ASX 200 shares flying around the markets 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 AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. 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 a fantastic way to balance out your portfolio. This is because ETFs provide investors with easy access to a large and diverse group of shares that you wouldn’t normally have access to.

With that in mind, I have picked out two ETFs that are popular with investors right now. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ASX ETF to look at is the BetaShares Global Cybersecurity ETF. This increasingly popular ETF gives investors exposure to the leading companies in the global cybersecurity sector.

Included in the fund are a number of global cybersecurity giants and emerging players that appear well-positioned to benefit from the increasing demand for cybersecurity services. Among the companies you’ll be buying a piece of are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

In respect to CrowdStrike, it is a provider of incident response and forensic analysis services via its Falcon platform. CrowdStrike’s services are designed to help businesses understand whether a breach has occurred. It then allows the user to respond and recover from a breach with speed and precision to remediate the threat.

As for Okta, it provides businesses with workforce identity solutions. This ensures that information is only accessed by those that are meant to have it. Management is positive on its growth prospects and is guiding to US$4 billion in annual revenue by FY 2026. This implies compound annual growth of at least 35% over the next five years.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF to consider is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to a portfolio of the largest companies involved in video game development, eSports, and gaming related hardware and software globally.

VanEck points out that these companies are well-placed to benefit from the increasing popularity of video games and eSports. Among the companies included in the fund are the likes of Nvidia and game developers Activision Blizzard, Take-Two and Electronic Arts.

Take-Two is the company behind the Grand Theft Auto and Red Dead franchises. Whereas Electronic Arts is the company that makes the FIFA and Madden NFL series and Activision Blizzard is behind the Call of Duty series.

As for Nvidia, it is the graphics processing unit (GPU) developer that sparked the growth of the PC gaming market in 1999. Since then, its GPU deep learning ignited modern artificial intelligence, which is the next era of computing. The company’s technology is also used by cryptocurrency miners, giving investors indirect exposure to this growing market.

The post 2 quality ETFs that could give your portfolio a big boost appeared first on The Motley Fool Australia.

More reading

• 3 excellent ETFs for ASX investors
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• 3 quality ETFs for ASX investors in July

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 BETA CYBER ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports 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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If you’re wanting to build your wealth over the long term, then you’ll no doubt be on the lookout for some quality buy and hold options.

If that is the case, then you might want to look at the ASX shares listed below. Here’s why they could be excellent buy and hold investments:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX share to consider as a buy and hold investment is this pizza chain operator. Thanks to a combination of same store sales growth, acquisitions, and its international expansion, Domino’s has been a very strong performer over the last decade.

The good news is that these same factors are expected to underpin further strong growth over the next decade. In fact, management is aiming to double its store network during this time in existing markets. It has also just boosted its addressable market by acquiring the Domino’s Taiwan business. And with the company still having significant balance sheet capacity, its acquisitions may not stop there.

One broker that remains positive on its outlook is Bell Potter. It currently has a buy rating and $122.00 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX share to consider as a buy and hold option is Xero. It is a provider of a cloud-based business and accounting solution. Xero’s platform is used by small to medium sized businesses around the world to handle a full suite of tasks. This includes accounting, payroll, and invoicing.

Xero has been bolstering its offering with bolt-on acquisitions. These acquisitions are strengthening its ecosystem of apps that work within its platform.

This is being seen as a key driver of growth in the future. For example, Goldman Sachs believes that the company has a massive opportunity to monetise the ecosystem and drive strong revenue growth over the coming decades.

In light of this, the broker has currently got a buy rating and $151.00 price target on its shares.

The post 2 excellent ASX shares that could be buy and hold options appeared first on The Motley Fool Australia.

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• Ansarda (ASX:AND) share price surges on record quarter
• How did the S&P/ASX All Technologies Index (XTX) perform in FY21?
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• 5 things to watch on the ASX 200 on Monday
• Here’s how some of the top ASX SaaS shares performed in FY21

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 Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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Are you wanting to boost your portfolio with some blue chip ASX 200 shares in July?

Then you might want to look at the blue chips listed below. Here’s what you need to know about them:

Goodman Group (ASX: GMG)

The first 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 warehouses, large scale logistics facilities, and business and office parks.

Goodman Group has been growing at a solid rate for years thanks to the success of its own+develop+manage model. This model sees Goodman own high quality properties, develop properties in key locations to meet customer needs, and manage the premium real estate it invests in globally.

When it comes to choosing properties, Goodman focuses on investing in and developing high quality industrial properties in strategic locations, close to large urban populations, and in and around major gateway cities globally. It notes that this is where demand is strong and transformational changes are driving significant opportunities for its business.

FY 2021 has been another year of growth for Goodman. Management recently revealed that it expects to achieve its guidance for operating profit of $1.2 billion and earnings per share growth of 12%.

Morgan Stanley is a fan of Goodman. It currently has a buy rating and $23.00 price target on its shares.

ResMed Inc. (ASX: RMD)

Another blue chip ASX 200 share to look at is ResMed. It is a medical device company with a focus on the sleep treatment market.

The sleep treatment market certainly is a great place to be. Management estimates that there are over 1 billion people globally that suffer from sleep apnoea. And with the vast majority of these people yet to be diagnosed, this gives ResMed a significant market opportunity to grow into.

And thanks to its industry-leading products, wide distribution network, and successful acquisitions, ResMed appears well-placed to capture this growing demand over the next decade.

In the near term, ResMed’s growth looks set to be boosted by the upcoming launch of its new CPAP device, AirSense 11, and a significant product recall by a leading rival.

Macquarie is positive on the company and current has an outperform rating and $34.85 price target on its shares.

The post 2 ASX 200 blue chip shares tipped as buys appeared first on The Motley Fool Australia.

More reading

• Are the 10 highest paid ASX 200 CEOs worth their paypackets?
• The 5 best ASX 200 healthcare shares of financial year 2021
• 3 ASX 200 shares named as buys
• 3 blue chip ASX 200 shares named as buys
• Leading broker names 3 blue chip ASX shares to buy

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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. 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 for some growth shares to add to your portfolio, then you might want to look at the ones below.

Here’s what you need to know about these highly rated ASX growth shares:

Afterpay Ltd (ASX: APT)

The first ASX growth to look at is Afterpay. This leading buy now pay later (BNPL) focused payments company has been tipped to continue growing at a strong rate for many years to come. This is being underpinned by the increasing popularity of the BNPL payment method as consumers turn away from credit cards. In addition to this, the company’s global expansion and the launch of new offerings such as Afterpay Money and pay anywhere are supporting its growth. The latter will soon allow US consumers to shop with some of the largest retailers in the world such as Amazon. These retailers collectively account for almost 50% of ecommerce volume in the US. Morgan Stanley remains positive on the Afterpay’s outlook. The broker has an overweight rating and $145.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share to look at is this leading online furniture and homewares retailer. Temple & Webster has been tipped as a company that could grow strongly over the coming years thanks to its strong market position and the shift to online shopping. And while COVID-19 has been a big boost to sales, it is worth noting that online furniture shopping is still in its infancy compared to other retail categories. This gives Temple & Webster a significant market opportunity to grow into over the next decade. Morgan Stanley is also a fan of Temple & Webster. It currently has an overweight rating and $15.00 price target on its shares.

Whispir Limited (ASX: WSP)

A final ASX growth share to look at is Whispir. It is a software as a service (SaaS) communications workflow platform provider used by 750+ businesses globally to automate interactions between them, their people, and their customers. Management notes that its customers use Whispir’s software to create interactive, multi-party and omnichannel communications from templates, solving simple to complex communications workflow tasks. Demand has been growing strongly for its platform. This has underpinned stellar recurring revenue growth in recent years. Ord Minnett is bullish on Whispir. It currently has a buy rating and $4.25 price target on its shares.

The post 3 ASX growth shares named as buys appeared first on The Motley Fool Australia.

More reading

• Ansarda (ASX:AND) share price surges on record quarter
• How did the S&P/ASX All Technologies Index (XTX) perform in FY21?
• Up 12% in a month, is there more to come from the Afterpay (ASX:APT) share price?
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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 shares of and has recommended AFTERPAY T FPO, Temple & Webster Group Ltd, and Whispir Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Temple & Webster Group Ltd and Whispir 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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