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Almost all ASX investors who buy ASX dividend shares do so in order to receive a reliable stream of passive income.

After all, dividends can give us a source of secondary income, which we can use to reinvest into even more ASX shares, or else just use to pay bills.

If I were after a reliable ASX dividend share in June 2024, one option springs to mind: Coles Group Ltd (ASX: COL) shares.

Coles is a company we’d all be fairly familiar with. The company owns the second-largest grocery and supermarket chain in the country, as well as several other bottleshop businesses, including Liquorland and Vintage Cellars.

Why is Coles a solid ASX dividend share?

Coles has most of the characteristics I look for in a solid, long-term passive income investment.

For one, it is a stable, mature business. This means that Coles has to spend very little, relatively speaking, on expanding its business, instead relying on past investments to collect its cash flows. Because of this, Coles can afford to allocate a significant chunk of its annual profits towards funding dividend payments rather than new stores, new employees or back-of-house infrastructure.

But Coles is also a consumer staples stock, meaning it can usually afford to pay out its dividends with remarkable consistency, regardless of the economic weather.

Many ASX dividend shares have to continually adjust their payouts depending on the health of the overall economy.

When there’s a period of high inflation or a recession in the works, cyclical shares tend to have to deal with customers who are no longer willing to open their wallets as widely as they might have done when times were good.

Coles doesn’t really have this problem. This company supplies life essentials like food, drinks and household goods. As such, its customers tend to keep walking through the door in good times and bad.

This means that Coles’ earnings are relatively defensive and stable. That in turn makes the Coles dividend reliable.

We can see this in action if we look back at this company’s past payouts. Since Coles was listed on the ASX in its own right back in 2018, it has always either maintained or increased its fully franked annual dividend.

Guaranteed passive income?

To illustrate, the company forked out an annual total of 35.5 cents per share in dividends back in 2019. The following year, investors were treated to 57.5 cents per share, rising to 61 cents per share in 2021. Bear in mind that this is over the worst years of the pandemic.

2022 saw Coles up its game again, forking out 63 cents per share in passive income. 2023 had the company increase this yet again to 66 cents per share.

Coles’ last two dividend payments, worth 30 cents and 36 cents respectively, give the company a trailing dividend yield of 3.84% today. No ASX share can ever be relied upon for guaranteed dividend income. But I think Coles’ track record makes it more reliable than most.

As such, I am confident that if one buys 2,000 Coles shares today, one could reasonably expect to receive at least $1,350 (a 3.84% yield) in annual passive income from this investment.

The post For a shot at $1,320 a year in passive income, buy 2,000 shares of this ASX stock appeared first on The Motley Fool Australia.

More reading

• Can Coles shares outperform the ASX 200 Index from here?
• 4 ASX income stocks for Aussie investors to buy now
• Buy Coles and these ASX 200 dividend stocks
• Mining, supermarkets, and property: 3 ASX 200 dividend stocks to buy
• Coles shares flat as Choice report says competitor Aldi cheapest

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

If you’re in the process building a retirement portfolio, then you may be on the lookout for some ASX 200 shares to buy for it.

But you shouldn’t just buy any old share. Rather than investing in risky growth shares, retirees ought to look for shares with strong business models, positive long term outlooks, and reliable dividends.

With that in mind, which shares could be in the buy zone in July? Let’s take a look at what analysts are saying about these ASX 200 retirement shares:

Telstra Group Ltd (ASX: TLS)

The first ASX 200 retirement share that could be worth considering is Telstra. It is of course Australia’s largest telecommunications company.

As well as offering defensive qualities, which are important for a retirement portfolio, it offers low risk earnings and dividend growth thanks largely to its mobile business.

It is for this reason that Goldman Sachs is positive on the company. It said:

We believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive. We also believe that Telstra has a meaningful medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets – which we estimate could be worth between A$22-33bn.

Speaking of dividend growth, Goldman Sachs is expecting fully franked dividend yields of 5% in FY 2024 and 5.1% in FY 2025.

Goldman has a buy rating and $4.25 price target on its shares.

Woolworths Limited (ASX: WOW)

Another ASX 200 retirement share that could be a good option for investors is Woolworths. It is Australia’s largest Woolworths supermarket chain. In addition, it the owner of Big W and a growing pet care business.

Goldman Sachs is also feeling very positive about the company. So much so, it has Woolies on its conviction list. This is due to its dominant market position and belief that more market share gains are coming thanks to its loyalty program. The broker said:

We are Buy rated (on Conviction List) on the stock as we believe the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage, as well as pass through any cost inflation to protect its margins, beyond market expectations.

Goldman currently has a conviction buy rating and $39.40 price target on the company’s shares. Its analysts are also forecasting fully franked dividend yields in the region of ~3% through to FY 2026.

The post 2 ASX 200 retirement shares to buy in July 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. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Competition for the title of most valuable company in the world is heating up. Earlier this week Nvidia (NASDAQ: NVDA), after its monster run over the last few years, leapfrogged Microsoft and Apple to become the largest company in the world by market capitalization (market cap), the total value of all publicly traded shares of a company.

After topping its rivals, Nvidia slid back to third place, but this isn’t any reason to fret. It’s a tight race and the three are likely to be trading places for some time. The next round of earnings later this summer will be a major catalyst that could move the needle to a more stable place if any of the companies beat their own guidance and Wall Street’s expectations — or fall short.

 No investing theme is more popular right now than artificial intelligence (AI) and Nvidia is its poster child. Investors are salivating at the incredible returns the company is delivering consistently quarter after quarter — its revenue last quarter was up 260% year over year — with the promise of continued growth into the future. Its rapid ascent since AI captured the public’s attention is one for the record books. But what should investors pay attention to long term?

Understand what makes Nvidia special

Nvidia holds a unique position in the market. The company was so ahead of the curve that it was able to capture roughly 80% of the AI chipmaking business.

Of course, like most wildly successful companies, it was a matter of a little bit of luck and a lot of foresight. CEO Jensen Huang made a bet. Nvidia made chips called graphics processing units (GPUs) that were, for a large chunk of the company’s history, accessories to the all-powerful central processing unit (CPU) that made Intel what it was. He saw that the industry was reaching the limits of scaling CPU technology and that his company’s GPUs could step into the spotlight.

Turns out he was right. Without getting into too much technical detail, if you shift the focus to chips that are very like GPUs — such as the company’s Grace Blackwell “Superchip” — with CPUs running a supporting role, you can run power-hungry applications and continue to scale them up. And AI is undoubtedly power-hungry.

Nvidia doubled down on this tech before it was fashionable, so when AI exploded onto the scene, the company was already there, supplying the entire industry with its tech. Now AI servers run by the likes of Alphabet, Amazon, and Microsoft are powered by Nvidia chips.

Whether AI pans out — and when — is critical

Nvidia went from a relatively niche computing company, mostly servicing the video game industry, to one of the largest companies in the world. Just look at this reversal of fortunes from the once-dominant CPU maker, Intel. The chart shows revenue for both companies over the last 10 years on a trailing-12-month (TTM) basis.

NVDA Revenue (TTM) data by YCharts

That is a twist of fate. But fate can be fickle. Nvidia’s future largely depends on AI delivering on its promise. Much has been made of its revolutionary power, but there is still a lot to prove. It wouldn’t be the first time a technology failed to deliver on the hype surrounding it. Still, I think there’s more reason to believe AI isn’t a fluke than some past hype cycles, so then it’s a matter of when it can deliver.

If the AI value chain is a river, Nvidia is somewhere in the middle, upstream from the companies that actually deliver AI products to the end market. If those companies have overpromised on their products’ value or can’t deliver in time, the river gets dammed up downstream, potentially leading to a glut of unwanted chips. For Nvidia to continue the incredible growth it has been experiencing, enough to justify the premium value investors have placed on it, end-user demand has to keep the river flowing freely.

Keep an eye on how well the end-user AI applications are doing. Try some out. Do you see the value? The more useful these tools are, the higher the river’s watermark and the more likely Nvidia is to deliver on its sky-high expectations.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Nvidia is no longer the most valuable company in the world. Here’s what investors need to know appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Microsoft, and Nvidia. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Intel and has recommended the following options: long January 2025 $45 calls on Intel, long January 2026 $395 calls on Microsoft, short August 2024 $35 calls on Intel, and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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• 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 has recommended Collins Foods and Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be the way to do it.

That’s because ETFs allow investors to avoid stock picking and instead purchase groups of high-quality shares with a single click of the button.

This can make them a great way to grow your wealth with minimal effort.

But which ETFs could be top options for investors at present? Listed below are five top ETFs that could be great options:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ASX ETF for investors to consider buying is the BetaShares Asia Technology Tigers ETF. It provides investors with access to the largest technology companies in Asia (excluding Japan). Among the tigers that you will be buying a slice of are giants such as Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A second ASX ETF to look at is the BetaShares Global Cybersecurity ETF. It offers investors access to a global cybersecurity sector that is predicted to grow materially over the next decade due to the rising threat of cybercrime. In fact, Betashares highlights that “an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth.” It also notes that “during the period 2024-2028, cybersecurity revenue is expected to grow at an annual rate of 10.6%, resulting in a total market size of $273.6 billion by 2028.”

Betashares Global Quality Leaders ETF (ASX: QLTY)

A third ASX ETF to look at is the Betashares Global Quality Leaders ETF. It could be a good option for investors and was recommended by the fund manager’s chief economist, David Bassanese, last year. This ETF is focused on approximately 150 global companies that rank highly on four quality metrics. This essentially means that you are buying a slice of the very best companies that money can buy.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ASX ETF that gives you access to some of the best companies in the world is the hugely popular BetaShares NASDAQ 100 ETF. This fund is home to the 100 largest (non-financial) shares on the famous NASDAQ index on Wall Street. This is where you’ll find all the big tech giants and household names such as Apple, Amazon, Microsoft, Nvidia, and Tesla.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

Finally, the Vanguard MSCI Index International Shares ETF could be a great option for Aussie investors. This popular fund allows investors to buy a slice of ~1,500 of the world’s largest listed companies with a click of the button. This could make it a great way to diversify your portfolio with minimal fuss.

The post 5 excellent ASX ETFs to grow your wealth appeared first on The Motley Fool Australia.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Apple, BetaShares Nasdaq 100 ETF, BetaShares Global Cybersecurity ETF, JD.com, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, Tencent, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alibaba Group and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Amazon, Apple, Betashares Capital – Asia Technology Tigers Etf, JD.com, Nvidia, and 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 Scott Phillips.

As well as being able to invest in companies like Telstra Group Ltd (ASX: TLS) and Coles Group Ltd (ASX: COL), the Australian share market also allows you to invest in the property market.

This is achieved through real estate investment trusts (REIT), which are companies that own and operate property assets. They also usually offer investors a nice source of passive income in the form of dividends.

Two Australian REITS that have been rated as buys recently are listed below. Here’s what you need to know about them:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first Australian REIT to look at is the Healthco Healthcare and Wellness REIT. It invests in the companies with exposure to the healthcare and wellness markets.

Bell Potter is very positive on the company, noting that it has an addressable market worth $218 billion. This gives it plenty of growth opportunities over the next decade and beyond:

HCW has underperformed the REIT sector last 3 months (-10% vs. +22% XPJ) following bond yield reversion and is attractively priced at 20% discount to NTA (but only REIT to record flat to positive valuation movement at 1H24) with double digit 3 year EPS CAGR given high relative sector debt hedging and ability to grow its $1bn development pipeline via attractive YoC spread to marginal cost of debt. Longer term, HCW has significant scope for growth with an estimated $218 billion addressable market where an ageing and growing population should underpin long-term sector demand.

As for dividends, Bell Potter is forecasting dividends per share of 8 cents in FY 2024 and then 8.3 cents in FY 2025. Based on its current share price of $1.13, this would mean yields of 7.1% and 7.3%, respectively.

Bell Potter has a buy rating and $1.50 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Analysts at Morgans think that this daily needs focused property company could be an Australian REIT to buy.

It feels that the company is well-placed to benefit from the click and collect trend. It said:

HDN’s $4.7bn portfolio is focused on daily needs assets (Large Format Retail; Neighbourhood; and Health & Services) across +50 properties with the top 3 tenants Bunnings, Coles and Woolworths. 70% of leases are fixed; 21% linked to CPI; and 9% based on supermarket turnover. The portfolio has resilient cashflows and continues to be a beneficiary of accelerating click & collect trends. +80% of tenants are national and ~75% of tenants offer click & collect reinforcing the importance of assets being able to support ‘last mile logistics’. Sites are also in strategic locations with strong population growth (+80% metro). HDN offers an attractive distribution yield and the development pipeline provides growth opportunities.

In respect to income, the broker is forecasting dividends per share of 8 cents in FY 2024 and then 9 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.23, this will mean yields of 6.5% and 7.3%, respectively.

Morgans has an add rating and $1.37 price target on its shares.

The post The best Australian REITs to invest in this month 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. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

With the 2024 financial year almost at an end, we turn our attention to what investors might expect from S&P/ASX 200 Index (ASX: XJO) energy shares in FY 2025.

And we’ll be hoping to see better returns over the next 12 months than we’ve realised over the past 12.

Since 30 June 2023, the S&P/ASX 200 Energy Index (ASX: XEJ) has slipped 8.3%, compared to an 8.4% gain posted by the ASX 200 over the same period.

Now there are a number of stocks that fall into the ASX 200 energy share category. These include utility providers and companies involved in oil and gas, coal, and uranium.

For the purposes of this article, I’ll stick to the three big Aussie oil and gas stocks. Namely Woodside Energy Group Ltd (ASX: WDS), Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT).

Here’s how they’ve performed in FY 2024 to date:

• Woodside shares are down 19.3%
• Santos shares are up 1.1%
• Beach Energy shares are up 9.8%

Of course, all three companies offer some welcome dividend payouts as well.

Woodside shares trade on a fully franked dividend yield of 7.8%. Santos shares trade on an unfranked yield of 3.7%. And Beach Energy shares trade on a fully franked yield of 2.7%.

With Beach the only ASX 200 energy share to beat the benchmark returns in FY 2024, here’s what to look out for in FY 2025.

What’s ahead for ASX 200 energy shares in FY 2024?

There are obviously a lot of variables that can impact these companies over the next 12 months.

Some are company-specific and will relate to things like their production levels, costs and new project developments, to name a few.

Other factors are beyond the control of the ASX 200 energy shares themselves.

The biggest among these is the price they’ll receive in FY 2025 for the oil and gas they pump from the earth.

And forecasting that price is tricky, to say the least.

The oil price will be influenced by the path of global inflation and interest rates, which will have a direct impact on consumer and business demand.

Weather is also a major variable, with cooler weather increasing the demand for heating oil.

And then there are the ongoing conflicts in oil-rich regions like the Middle East. What happens there could have a material impact on oil prices and ASX 200 energy shares.

As for global oil demand, the International Energy Agency (IEA) expects demand to rise by 1.1 million barrels per day in calendar year 2024 and another 1.2 million barrels per day in 2025.

That demand growth could be outpaced by new supplies, with the IEA forecasting 1.8 million barrels per day of increased production in 2025, with non-OPEC+ nations adding 1.4 million of those daily barrels.

What this means for the Brent crude oil price depends on who you ask.

Brent is currently trading for US$86 per barrel, up from US$75 per barrel at the beginning of FY 2024. Bearish analysts are forecasting the oil price will fall to as low as US$60 next year, while the bulls are holding to US$90 per barrel.

Potential gas fuelled tailwinds

Offering some potential tailwinds for ASX 200 energy shares in FY 2025 is Australia’s looming national gas crisis.

With unseasonably cold weather and very low winds to power the turbines, the Australian Energy Market Operator (AEMO) warned last week that the eastern and southern states could face a gas shortage through September.

Woodside responded by saying it is “taking steps to support the gas market in eastern Australia”.

The post Buying ASX 200 energy shares? Here’s what to expect in FY 2025 appeared first on The Motley Fool Australia.

More reading

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

Calix Ltd (ASX: CXL) shares are catching the eye on Tuesday with a very strong gain.

In afternoon trade, the ASX 300 stock is up 15% to $1.47.

Why is this ASX 300 stock rocketing?

Investors have been scrambling to buy the environmental technology company’s shares since the release of an update this morning.

That update relates to the progress it is making with its Direct Air Capture (DAC) projects in partnership with Heirloom.

According to the release, under an exclusive technology licence agreement, Calix’s subsidiary Leilac will provide its electric calcination and carbon capture technology to two Heirloom DAC facilities capable of removing up to ~320,000 tons of carbon dioxide from the atmosphere per year.

The ASX 300 stock notes that carbon dioxide removal is predicted to play a critical role in meeting global climate commitments. An estimated 1-10 billion tonnes of atmospheric CO2 removal per year will be required to mitigate excess emissions and limit global warming.

What’s next?

Heirloom is taking things slowly. It will first build a facility that will have a CO2 removal capacity of ~17,000 tons per year. That is expected to be operational in 2026.

A second ~300,000 ton per year facility will be built in phases. The first ~100,000 tons of capacity is expected to come online in 2027.

The release notes that the ~300,000 ton per year facility is Heirloom’s contribution to Project Cypress. This is the U.S. Department of Energy (DOE)-supported DAC Hub that is eligible for up to $600 million in government funding.

Heirloom is responsible for financing the projects, with no capital expenditure by Calix or Leilac. It will also pay Leilac for engineering services required to deliver the projects.

This isn’t the first agreement between the two parties. Heirloom and Leilac have previously signed an exclusive, global and perpetual licence agreement for the use of the Leilac technology at all future Heirloom DAC facilities. This is subject to performance conditions being met.

The ASX 300 stock’s managing director and CEO, Phil Hodgson, was pleased with the news. He said:

Direct Air Capture is a huge potential market in the global effort to address climate change. Heirloom and Leilac’s partnership and complimentary technologies deliver an innovative pathway to drive down DAC costs and be at the forefront of this exciting opportunity. It is pleasing to see the significant progress being made.

This sentiment was echoed by Heirloom’s CEO, Shashank Samala. He adds:

We couldn’t be more excited to be building these new facilities in Northwest Louisiana. These investments not only bring meaningful economic activity and job creation to the region, but also help to cement Louisiana as a leader in this new energy economy and further America’s leadership on the global stage.

The post Guess which ASX 300 stock is rocketing 15% today 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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

We’re now less than a week away from the end of the current financial year and the start of a new one. As such, it’s a good time to take stock of some of the top ASX 200 shares on our share market and discuss what the 2025 financial year might have in store for them. Today, it’s CSL Ltd (ASX: CSL) shares’ turn.

The CSL share price has had a decent, if unspectacular, FY2024. This ASX 200 healthcare stock started FY2024 at $277.38 a share. Today, those same shares are trading at $293.73 at the time of writing, up 0.56% for the day thus far. This means that this company has appreciated by 5.90% over the 2024 financial year to date.

Now that’s a decent return. But it hasn’t been enough to make CSL a market beater (at least with three-and-a-half days of FY2024 to go). The S&P/ASX 200 Index (ASX: XJO) has risen 8.46% over the same period.

But maybe FY2025 will be a better year for CSL shares. At least that’s what its shareholders would be hoping right about now. But let’s see what some ASX experts are pencilling in for this healthcare giant this June.

ASX experts: CSL shares set for a great FY2025

Here at the Fool, we’ve looked at a few ASX expert opinions on the CSL share price over the past month or so. First up is ASX broker Macquarie. As my Fool colleague James looked at earlier this month, Macquarie analysts are highly bullish on the company right now. The broker recently gave CSL an ‘outperform’ rating alongside a 12-month share price target of $330 a share.

If realised, CSL would gain a rosy 12.34% or so over the 2025 financial year.

Not only that, but Macquarie sees continuing success for this ASX 200 stock. It reckons CSL shares could even climb as high as $500 each by 2027, thanks to the strength of the company’s Behring business.

But Macquarie isn’t the only ASX expert bullish on the CSL share price.

Earlier this month, we also looked at the views of Roy Hunter, portfolio manager at the SG Hiscock Medical Technology Fund. Hunter was asked if CSL shares could indeed hit $500 in the next few years. He replied, “absolutely”, and stated this:

I think it’s a fool’s errand to bet against the ongoing success of a company like CSL. Its core plasma business looks set to deliver strong growth and margin expansion over the next few years.

It seems other experts share this sentiment. According to CommSec, four analysts currently have ‘hold’ recommendations on CSL, with a further three calling the stock a ‘moderate buy’, and four arguing CSL shares are a ‘strong buy’.

So it seems most ASX experts are united in thinking FY2025 will be a great year for CSL shares. But let’s wait and see if they’re on the money here.

The post Will CSL shares rise in value over the next 12 months? Here’s what the experts say appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It can be tempting for investors to try and get rich quickly by buying ASX shares of a speculative nature.

And while sometimes a tiny portion of these investments will be successful, the majority just end up irreversibly destroying wealth.

A more reliable way to build generational wealth is to have a strong foundation of strong, reliable ASX shares in a portfolio.

But which shares could help you in this quest? Let’s look at three that could tick these boxes:

CSL Ltd (ASX: CSL)

Over the last decade, this biotherepeutics company’s shares have delivered an average total return of 16.8% per annum. This is comfortably ahead of the historical average return of 10% per annum for the share market.

The good news is that this ASX share looks well-placed to continue this market-beating trend long into the future. This is thanks to the quality of its businesses, its significant investment in research and development, strong demand for immunoglobulins, and its pipeline of potential products.

In fact, analysts at Macquarie have suggested that its shares could rise to beyond $500 within three years. This compares favourably to its current share price of $293.88.

Goodman Group (ASX: GMG)

This integrated industrial property company is another ASX share that has smashed the market over the past decade. During this time, it has achieved an average return of approximately 22% per annum.

Citi is feeling very positive on the company’s outlook. Although it trades at a premium, the broker believes this is justified given its strong earnings growth outlook. This is being underpinned by demand for industrial property and its data centre and warehouse developments.

Citi has a buy rating and $40.00 price target on Goodman’s shares.

NextDC Ltd (ASX: NXT)

Speaking of data centres, another ASX share that could help you build generational wealth is NextDC. It is one of the leading data centre operators in the Asia-Pacific region. Over the last 10 years, its shares have achieved an average return of 27% per annum.

Morgans believes the company has a very bright future. It currently has an add rating and $19.00 price target on its shares. The broker highlights that “the demand wave from business digitisation and cloud adoption will only get bigger as the third wave (AI) starts rolling into data centres.” It believes “NXT is especially well placed to succeed.”

In light of this, the broker has suggested that “if NXT can fund and fill the planned pipeline, then it could be a $40+ stock.”

The post 3 ASX shares that could create lasting generational wealth appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in CSL and Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goodman Group, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.