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Whichever way you slice it, it was a brutal day for the S&P/ASX 200 Index (ASX: XJO) on Wednesday. Fortunately, a late wave of buying across ASX mining shares cauterised the Australian market to an extent.

The ringing of the closing bell marked the end of a painful day for many shareholders. Once it came to rest, the Aussie index had scratched away 2.6% to settle at a smidgen over 6,828 points.

However, the damage toll could have been worse if not for a more upbeat finish from a few ASX 200 giants.

These shares dug the ASX 200 out of a hole

As many would know, the benchmark is weighted by market capitalisation. In short, this means the larger the company, the more bearing it has on the performance of the index.

This worked to the broader market’s favour on Wednesday afternoon, as some of the largest companies inside the ASX 200 pared back their steeper losses witnessed earlier in the day. The standouts included mining heavyweights BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG).

Let’s take a look at the opening and closing share prices of each of these companies:

• BHP: opened $38.60 — closed $38.60
• Rio Tinto: opened $94.00 — closed $94.83
• Fortescue: opened $17.60 — closed $17.77

Of these three companies, Fortescue Metals Group had the largest inversion today. At one point the iron ore miner was down 5.2%. However, it managed to claw back enough to finish only 2.5% below its previous close.

The improvement in sentiment followed a welcomed sign of cooperation between Australia and China this morning. A joint venture between ASX 200 constituent Rio Tinto and China’s largest steelmaker indicates the market of Aussie iron ore in China is still alive and well.

Finally, the iron ore price is around US$101.40 per tonne on Wednesday. This represents a decline of nearly 22% compared to a year ago.

The post ASX 200 mining shares stage significant rebound in afternoon trading appeared first on The Motley Fool Australia.

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More reading

• Rio Tinto share price slides despite new $3bn iron ore project
• Why is the Fortescue share price getting hammered on Wednesday?
• The BHP share price is tumbling today, but here’s why Macquarie is bullish
• Expert predicts stock market will crash 20% lower in the next four weeks as US inflation rages out of control
• Why are ASX 200 shares tumbling like dominos on Wednesday?

Motley Fool contributor Mitchell Lawler 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.

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The S&P/ASX 200 Index (ASX: XJO) battled through a horror session on Wednesday, dumping tens of billions of dollars in value after US inflation figures weighed on Wall Street.

The ASX 200 closed 2.58% lower at 6,828.60 points – marking its worst session since mid-June.

The index’s downturn came after Wall Street recorded its biggest single-session fall in more than two years overnight.

While most of Australia slept, the Dow Jones Industrial Average Index (DJX: .DJI) dumped 3.94% and the S&P 500 Index (SP: .INX) plunged 4.32%. The Nasdaq Composite Index (NASDAQ: .IXIC) recorded the worst fall, tumbling 5.16%.

Their suffering came on the back of the latest US inflation data. The nation’s consumer price index lifted 0.1% in August and 8.3% over the 12 months prior despite falling gasoline and food prices. That marks a fall on the 12 months to July, which came in at 8.5%.

The S&P/ASX 200 Real Estate Index (ASX: XRE) led the fall today, tumbling 4.2%.

Just behind it was the S&P/ASX 200 Information Technology Index (ASX: XIJ) and the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ), each dumping 3.1%.

Indeed, none of the ASX 200’s 11 sectors posted a gain today while only five of the index’s constituents’ shares ended in the green.

Keep reading to find out which shares dodged the worst of Wednesday’s downturn.

Top 10 ASX 200 shares countdown

Wednesday’s top performing ASX 200 share was Computershare Ltd (ASX: CPU), gaining 1.2%.

While there was no news from the tech company, it has been heralded as an inflation hedge by experts, as my colleague Tony Yoo reports.

These 10 shares were today’s top performers:

ASX-listed company	Share price	Price change
Computershare Ltd (ASX: CPU)	$24.73	1.19%
Coronado Global Resources Ltd (ASX: CRN)	$1.695	0.89%
ResMed Inc (ASX: RMD)	$34.80	0.29%
Whitehaven Coal Ltd (ASX: WHC)	$8.48	0.24%
South32 Ltd (ASX: S32)	$4.32	0.23%
Ramsay Health Care Limited (ASX: RHC)	$62.92	-0.03%
New Hope Corporation Limited (ASX: NHC)	$5.49	-0.18%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$65.94	-0.36%
Lottery Corporation Ltd (ASX: TLC)	$4.38	-0.45%
Orora Ltd (ASX: ORA)	$3.35	-0.59%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

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More reading

• Top brokers name 3 ASX shares to buy today
• Guess which ASX 200 share is holding firm amid today’s carnage
• Why did Macquarie just upgrade its target for Whitehaven shares by 9%?
• Keen on bagging the latest South32 dividend? You’ll need to be quick
• Here are 3 ASX 200 shares turning ex-dividend tomorrow

Motley Fool contributor Brooke Cooper 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 ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Evolution Mining Ltd (ASX: EVN) share price is down 5.13% today. The broader market was bleeding red, too, with the S&P/ASX 200 Index (ASX: XJO) down 2.58% at market close.

Every ASX sector index is down today amid the sell-off of US stocks that occurred overnight.

American and Australian equities slipped on a likely interest rate hike that will occur at the next Federal Reserve meeting scheduled for next week.

Therefore, it shouldn’t be surprising that Evolution Mining’s share price and other ASX materials shares struggled on Wednesday.

Alumina Limited (ASX: AWC) finished down 2.02%, while Liontown Resources Limited (ASX: LTR) slipped more, losing 3.94%.

Overall, the S&P/ASX 200 Materials Index (ASX: XMJ) lost 2.32%, while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) fell 3.79%.

While the broader movements of the share market are already in hand, let’s recap some recent events for the company that led to the sell-off.

What’s going on with Evolution Mining shares?

To start with some good news, the spot price for gold was up 0.09% today to US$1,703 per troy ounce, according to Markets Insider.

However, the Fool also noted that the precious metal is suffering from rising interest rates. That’s because investing in gold does not confer the owner potential dividends.

At the beginning of the month, Evolution Mining appointed a new CEO, Lawrie Conway, to take the company’s reins.

My Fool colleague Aaron notes that Conway will help turn the company’s fortunes around, focusing on unlocking value from its Cowal and Upper Campbell underground mines.

A fully-franked dividend of 3 cents per share was announced in August with a payment date of 30 September.

Evolution Mining share price snapshot

Evolution Mining’s share price is down 45.3% year to date. On a relative basis, the ASX 200 is doing much better, as it’s down only 8.3% for the same period.

Shares in the gold miner close Wednesday’s trade at $2.22.

At today’s share price, Evolution presides a market capitalisation of $4.29 billion.

The post Evolution Mining share price craters in brutal market sell-off appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• The Evolution Mining share price has dumped 20% in a month. What’s next?
• Do ASX 200 gold shares pay regular dividends?
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Matthew Farley 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.

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It’s been a fairly depressing day for ASX shares this Wednesday, and the same can be said for the Vanguard Australian Shares Index ETF (ASX: VAS). This exchange-traded fund (ETF) has suffered a painful 2.64% drop during this session, closing at $86.21 a unit.

Up until yesterday, this ETF had recorded a year-to-date loss in 2022 of around 8.8%. But with today’s falls, this has stretched all the way to an 11.1% loss.

So what’s going on here? Many investors would doubtless like to know, given that the Vanguard Australian Shares ETF is by far the most popular ETF on the ASX.

Why has the Vanguard Australian Shares ETF had such a terrible day?

Well, to answer that, let’s examine what this ETF actually does. So the Vanguard Australian Shares ETF is an index fund that tracks the S&P/ASX 300 Index (ASX: XKO).

The ASX 300 is an index that tracks the performance of the 300 largest ASX shares by market capitalisation.

Like most indexes, it is also weighted by market cap. This means the largest companies occupy the largest weighting in the index.

So for example, although BHP Group Ltd (ASX: BHP) is just one of the 300 companies in the ASX 300 Index, its status as the largest ASX share by market cap means it currently has a 9.27% weighting (as of 31 July) in the Vanguard Australian Shares ETF.

The short version as to why the Vanguard Australian Shares ETF has dropped 2.64% is because the index it tracks, the ASX 300, has seen a 2.56% fall.

The long version is that most of the heaviest shares in the ASX 300 also fell. For example, the BHP share price lost 1.77% today. Commonwealth Bank of Australia (ASX: CBA) shares shed 3.55%, with the other ASX banks also copping big falls.

With this all going on, the Vanguard Australian Shares ETF was never going to have a good day.

The post The Vanguard Australian Shares Index ETF just took a big hit. What happened? appeared first on The Motley Fool Australia.

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More reading

• Why is the Vanguard ASX 300 ETF (VAS) so popular among investors?
• Is the VAS ETF a good way to get started with investing?
• Could these ASX ETFs soon play a bigger role in Aussie super funds?
• Why are the VAS ETF’s dividends so erratic?
• How does VGS stack up against other ASX index funds?

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

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It has been a tough 12 months for many fund managers, especially for growth focused investors in the small and microcap end of the ASX.

Although the S&P/ASX Emerging Companies Index has “only” fallen around 10% over the past year, that has masked some catastrophic sell-offs in non-mining stocks.

Particularly hard-hit have been a host of recent IPOs, including Booktopia Group Ltd (ASX: BKG) shares plunging over 90%, Hipages Group Holdings Ltd (ASX: HPG) shares sinking over 66% and the Airtasker Ltd (ASX: ART) share price having tanked 56%, all over the past 12 months.

Headed by Graeme Carson & Dean Fergie, the Cyan C3G Fund admits its recent performance has been disappointing, but feels “there are presently a number of emerging market trends that could result in markedly improved short to medium term performance.”

Writing in the August update, the fund managers named the trends as…

• Continued takeover activity in the domestic market
• Further appreciation of underlying company performance
• Increased market liquidity
• Renewed opportunities through IPO and other corporate activity

The fund managers go on to say they feel their “investee companies have been, on the whole, trading well, and are firmly of the view that from present levels upside price appreciation far exceeds downside.”

Building products manufacturer and distributor Big River Industries Ltd (ASX: BRI) was one fund holding that the managers said produced impressive financial results with FY22 revenues rising 45% to $409m and underlying profitability up 191% to $22.7m. The company announced a final dividend of 10 cents per share, and trades on a fully franked dividend yield of around 7%. The Big River share price is flat over the past 12 months.

The fund named Silk Logistics Holdings Ltd (ASX: SLH) as providing one of the highlights of the results season. The warehousing and logistics company delivered FY22 revenue up 22% to $394m and net profit after tax up 45% to $15.8m. The fund went on to say that “with further acquisitions and greenfield sites already confirmed, FY23 is forecast to be another record year. Given the impressive financials it was  both surprising and disappointing the shares closed the month slightly weaker.” The Silk Logistics share price has fallen around 7% over the past 12 months.

The post Fund manager names 4 emerging trends that could result in ‘markedly improved’ performance appeared first on The Motley Fool Australia.

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More reading

• 62% upside: Expert names 2 ASX shares looking beautiful right now
• Guess which little-known ASX share is rocketing 30% on ‘outstanding growth’

Motley Fool contributor Bruce Jackson 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 Hipages Group Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited, Booktopia Group Limited, and Silk Logistics Holdings Limited. The Motley Fool Australia has positions in and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended Silk Logistics Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Pointsbet Holdings Ltd (ASX: PBH) share price suffered the same sting as the rest of the ASX, falling by as much as 7% during Wednesday’s session.

It finished 3.07% lower at $2.21 a share. Meantime, the S&P/ASX 200 Index (ASX: XJO) closed down 2.58% after a major sell-off across Wall Street overnight.

So what has triggered the weakness in the Pointsbet share price along with the rest of the ASX?

Pessimism grows on the back of rising inflation

Overnight reports of higher-than-expected inflation data wreaked havoc on US markets overnight, which flowed onto the ASX today.

The US consumer price index (CPI) increased 8.3% over the year to August compared to 8.5% across the year to July. Stripping out volatile food and energy prices, CPI rose 6.3% across the year to August and 5.9% in July.

Overall, these figures exceeded expectations, fueling pessimism about the future economic outlook.

As a result, ASX sectors like real estate and technology were hit hardest today, shedding 4.16% and 3.15% respectively on Wednesday.

As for the sector that Pointsbet belongs to, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) also closed 3.13% lower today.

The biggest concern for Pointsbet is the potential long-term impact of a rising interest rate environment. This will likely lead to a reduction in discretionary income available for sports betting.

Such pessimism comes at a time when the PointsBet share price was gaining a bit of momentum after opening its 12th sportsbook operation in the US.

Pointsbet has managed to grow revenue rapidly but is struggling to clamp down on operating expenses as its net loss ballooned in FY22.

The biggest drag on its bottom line was the surge in employee expenditure. Given rising inflationary costs, this doesn’t bode well for the company.

Pointsbet share price snapshot

In the last year, the Pointsbet share price has sunk 78%, falling almost 40% in the past month.

In contrast, the ASX 200 has dropped just over 8% across the last year and is down 3% in the past month.

Pointsbet’s current market capitalisation is around $669 million.

The post Pointsbet share price closes lower after a tough day on the ASX appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• The PointsBet share price is roaring higher today. Here’s why
• Nitro now Tyro: Could there be ‘Potentia-l’ for other ASX tech shares?
• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• Why Adairs, Fortescue, PointsBet, and Qantas shares are dropping

Motley Fool contributor Raymond Jang 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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Northern Star Resources Ltd (ASX: NST) share price was a poor performer on Wednesday.

The gold miner’s shares ended the day 3% to $7.78.

Why did the Northern Star share price drop?

Investors were selling Northern Star and other gold mining shares on Wednesday after the spot gold price pulled back.

According to CNBC, the spot gold price fell 1.55% during overnight trade to US$1,713.6 an ounce. It has continued to edge lower since then and is currently fetching approximately US$1,711 an ounce.

Traders were selling down the gold price following the release of US inflation data. As you might have seen in the news today, US inflation did not cool as many were expecting in August. Instead, it rose slightly month over month despite gasoline prices easing. This has sparked fears that the US Federal Reserve will have to make aggressive rate hikes in order to tame inflation.

This could be bad news for Northern Star and other gold shares. That’s because gold doesn’t provide a yield and loses its allure with investors when cash and term deposits offer decent yields.

So, with interest rates tipped to rise strongly by the end of the year, the gold price could struggle.

Is this a buying opportunity?

A number of brokers remains positive on the Northern Star share price despite rising interest rates.

One of those is Citi, which currently has a buy rating and $10.90 price target on the company’s shares. This implies potential upside of 40% for investors over the next 12 months.

The post Northern Star share price slides 3%: Is it time to load up? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• The Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now?
• 5 things to watch on the ASX 200 on Monday
• Do ASX 200 gold shares pay regular dividends?
• 5 things to watch on the ASX 200 on Wednesday

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.

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The Nearmap Ltd (ASX: NEA) share price is defying the heavy sell-off on the ASX today.

At the time of writing, the aerial imagery specialist’s shares are down 0.24% or half a cent to $2.075 apiece.

In contrast, the S&P/ASX 200 Index (ASX: XJO) is down 2.44% to 6,838.8 points.

Nearmap announces update on proposed takeover

In today’s statement, Nearmap provided an update on the proposed scheme by Thoma Bravo to acquire all of the company’s shares.

For the deal to progress onto the next stage, shareholder approval of at least 75% of the votes is required.

This is just one of several conditions within the scheme implementation deed that needs to be satisfied.

The meeting is expected to be held sometime in November this year but will be advised in October.

The Nearmap board has unanimously recommended that shareholders vote in favour of the scheme at the meeting.

However, this is subject to an independent expert concluding that the offer is in the best interest of shareholders, and in the absence of a superior proposal.

Thoma Bravo is offering $2.10 cash per Nearmap share. This represents a 67% premium to the 6-month volume weighted average price of $1.26 to 12 August 2022 (the day before the offer was made).

While you won’t need to do anything for now, keep an eye out for the scheme booklet which will be sent out next month. It will contain information regarding the scheme, an independent expert’s report and details of the meeting.

Nearmap share price summary

Since this time last year, Nearmap shares are up 6% on the back of the offer from Thoma Bravo.

When looking at year-to-date, the share is further in the green by 34%.

Based on today’s price, Nearmap commands a market capitalisation of roughly $1.04 billion, and has 501.82 million shares outstanding.

The post What’s going on with the Nearmap share price on Wednesday? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX shares that look expensive but have years of growth ahead: QVG Capital
• Why EML, Nearmap, NIB, and Nick Scali shares are charging higher
• Nearmap share price jumps 5% on takeover update
• ASX reporting season weekly wrap: Winners and losers
• Why Brambles, Challenger, Nearmap, and Super Retail shares are rising today

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

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It seems like the Qantas Airways Limited (ASX: QNA) share price has taken a back seat and allowed the Regional Express Holdings Ltd (ASX: REX) share price to take the front.

The Qantas share price is down 1.51% to $5.23 per share while the Rex share price is up 5.32% in late afternoon trading.

Let’s take a look at what’s happening with airline shares today.

Experts believe the Qantas share price can go higher

Fund manager Perennial and broker Macquarie are both bullish about Qantas’ future prospects, as covered by my colleague Cathryn Goh.

Both parties expressed their optimism for Qantas’ outlook, believing demand for travel will continue to rise as people shift spending away from personal consumption to leisure activities.

These experts present the bull case but some sections of the market have noted the airline’s dubious decision to engage in a $400 million share buyback.

There have also been grave concerns about the lack of staff causing major constraints to Qantas’ ability to meet demand.

As reported by Reuters, rival Virgin Australia is also experiencing staffing issues, noting its high staff illness rates were hampering capacity, forcing it to lift fares for domestic flights.

Qantas has come under fire recently for the rise in flight delays and cancellations. The problems have been attributed to a shortage of airport workers and high staff illness levels.

Rex leads the way

But where Qantas and Virgin have stumbled, Rex has taken a more proactive approach to address the labour shortage.

Today, the regional airline announced it has signed new industrial agreements with two key sections of its workforce.

Rex noted there was overwhelming staff support, with 75% of flight attendants and 92% of engineers voting in favour of the enterprise agreements.

The new enterprise agreements will be valid for three years for flight attendants and four years for engineers and include pay rises for both groups.

Perhaps Qantas may need to take a leaf out of Rex’s playbook and tackle the labour issue.

The Qantas share price could be under the pump after some negative headlines concerning CEO Alan Joyce receiving almost $80 million since 2012 and a $287,000 pay bump.

Qantas share price snapshot

In the last year, the Qantas share price has fallen 3.5% but has managed to gain 12% in the past month.

By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 8% in the past year and is 3% lower in the last month.

Qantas has a market capitalisation of $9.88 billion.

Qantas shares are currently trading at a price-to-earnings (P/E) multiple of around eight times.

The post While the Qantas share price is stalling, Rex is surging 5%. What’s happening? appeared first on The Motley Fool Australia.

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Motley Fool contributor Raymond Jang 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.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Coronado Global Resources Inc (ASX: CRN)

According to a note out of Macquarie, its analysts have retained their outperform rating and lifted their price target on this coal miner’s shares to $3.50. Macquarie has upgraded its earnings estimates materially to reflect higher coal prices. Overall, it feels Coronado is the best way for investors to gain exposure to sky high coal prices right now. The Coronado share price is trading at $1.68 on Wednesday afternoon.

Ramsay Health Care Limited (ASX: RHC)

A note out of Citi reveals that its analysts have retained their buy rating on this private hospital operator’s shares with a trimmed price target of $73.00. The broker notes that Ramsay’s shares have fallen heavily after takeover talks with KKR collapsed. It sees this as a buying opportunity, highlighting that its shares are trading at an attractive level now. Furthermore, if Ramsay’s shares rise to its price target, it will mean they are trading at 25x FY24 earnings, which Citi feels is fair. The Ramsay share price is fetching $62.98 today.

Temple & Webster Group Ltd (ASX: TPW)

Analysts at Morgan Stanley have retained their overweight rating and $7.00 price target on this online furniture retailer’s shares. Morgan Stanley continues to believe that Temple & Webster’s shares trade at an attractive level following a sharp decline year to date. Particularly for a leader in a structural growth market. The Temple & Webster share price is trading at $5.67 this afternoon.

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

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More reading

• Why Grange, Link, Ramsay, and Whitehaven Coal shares are dropping
• Ramsay share price tumbles 11% as suitor refuses to improve takeover offer
• No deal? Here’s why the Ramsay share price is on ice
• 2 ASX growth shares analysts rate as buys right now
• Top brokers name 3 ASX shares to buy next week

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 Temple & Webster Group Ltd. The Motley Fool Australia has recommended Ramsay Health Care 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 Scott Phillips.

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