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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.1% to 7,735.8 points.

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

ASX 200 expected to edge lower

The Australian share market is expected to edge lower on Tuesday following a subdued start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 1 point lower. In late trade in the United States, the Dow Jones is down 0.1%, the S&P 500 is up 0.15%, and the NASDAQ is flat.

Coles goes ex-dividend

Coles Group Ltd (ASX: COL) shares will be going ex-dividend on Tuesday for its upcoming dividend payment and could trade lower. The supermarket giant is paying a fully franked 36 cents per share dividend to shareholders. They can look forward to receiving this pay out later this month on 27 March.

Oil prices fall

ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) could have a poor session after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 1.6% to US$78.72 a barrel and the Brent crude oil price is down 1% to US$82.70 a barrel. This is despite news that OPEC is extending its cuts until mid-2024.

Iron ore price rises

BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) shares will be on watch after the iron ore price rebounded on Monday. The benchmark iron ore price rose 2.1% to US$115.60 a tonne. However, this wasn’t enough to get the miners’ shares into positive territory on Wall Street overnight.

Gold price storms higher

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a great session after the gold price stormed to a three-month high overnight. According to CNBC, the spot gold price is up 1.35% to US$2,124.1 an ounce. This was driven by increasing rate cut hopes.

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

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More reading

• Want to bank the Rio Tinto dividend? You’ll need to be fast!
• Here are the top 10 ASX 200 shares today
• ASX 200 gold shares are booming on Monday. Here’s why they could keep shining bright
• Is it too late to buy Westpac shares at a fresh 52-week high?
• Want the next BHP dividend? You don’t have long to act

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. 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 Rio Tinto Ltd (ASX: RIO) dividend will soon be allocated to shareholders. If any investors want to receive this dividend, they’ll need to be quick.

The ASX mining share is committed to paying a good dividend, if profit allows. It’s planning to pay a large dividend in just a few weeks. The critical date is the ex-dividend date – investors need to buy Rio Tinto shares before this date if they want to receive the payment.

Important dates for the Rio Tinto dividend

The ex-dividend date for the upcoming dividend is 7 March 2024, which is on Thursday. That means Wednesday is the last day to buy Rio Tinto shares to receive the dividend.

Investors won’t have to wait long to receive the dividend – the payment date is 18 April 2024.

If investors want to take part in the dividend reinvestment plan (DRP), the election date is 5pm on 26 March 2024.

DRP shares will be purchased on-market as soon as practicable after the dividend payment date. Rio Tinto noted it may be necessary to carry out several market transactions to acquire the number of shares required. The DRP price will be the average of the deal prices for those transactions, which will be announced to the market.

How much is being paid?

Rio Tinto is going to pay a final fully franked dividend for the 2023 financial year of AU$3.9278 per share. This was an increase of around 20% compared to the final dividend for 2022.

The company determines its dividends in US dollars and pays the dividend to ASX shareholders in Australian dollars. The 2023 final dividend was US$2.58, an increase of 14.7%.

For the full-year payout, Rio Tinto decided on AU$6.5367 per share, which was a reduction of 8% compared to the 2022 full-year.

In US dollar terms, the Rio Tinto board determined to pay a full-year annual dividend of US$4.35, which was a reduction of 11.6%.

The post Want to bank the Rio Tinto dividend? You’ll need to be fast! appeared first on The Motley Fool Australia.

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More reading

• 34 ASX 200 shares with ex-dividend dates next week
• One ASX mining sector at risk of more pain, and one ready to soar!
• Here’s the Rio Tinto dividend forecast through to 2026
• 3 ASX dividend shares to buy before it’s too late
• 5 reasons to buy Rio Tinto shares now

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 Scott Phillips.

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Certainly there are many different styles of investment out there, and individual investors have their own tastes.

Those that favour dividend shares might look at the outlook for income before deciding to buy an ASX stock. Punters who like ASX growth shares may well be analysing how fast the revenue is growing.

But there is one metric that all investors, regardless of their style and taste, need to pay attention to.

That’s according to finance expert and buy-and-hold advocate Brian Feroldi, who cited GoPro Inc (NASDAQ: GPRO) as a classic example.

“Ten years ago, few companies were as ‘on fire’ as GoPro. Its cameras were wildly popular. Revenue more than doubled over the two years ending in 2014. Net income quadrupled,” he said in his newsletter.

“And yet, if you invested $10,000 back then, today’s value would be a measly $600.”

What happened there?

Everyone loved GoPro, right?

Feroldi described GoPro’s fate in one word: moat.

“You hear investors talking about moats — or sustainable competitive advantages — all the time.

“Ask yourself this simple question: If someone gave you $1 billion to create a product to steal market share away from the industry leader, could you do it?”

If the answer is “yes”, then that company does not have a reliable moat.

“GoPro failed this test. It faced a slew of copycats — with budgets under $1 billion — and competed directly with the iPhone.”

Other US stocks — and there are plenty of ASX examples too — like Fitbit, Beyond Meat Inc (NASDAQ: BYND) and Groupon Inc (NASDAQ: GRPN) all came along in a blaze of glory.

But, as Feroldi, pointed out, over the years they all “destroyed vast amounts of shareholder wealth”.

All three stocks, if the investor had asked the moat question above, would have had the clear answer of “yes”.

A billion bucks can’t make a dent in these businesses

Conversely, if the answer is “no” for a particular company, you know that there is a strong chance a moat exists.

The best performing stocks in the US over the past decade — Amazon.com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOGL) — all easily pass the moat test.

“Amazon — $1 billion wouldn’t come close to matching its fulfilment centre network. Apple — a $1 billion budget could build a smartphone, but no one would buy it, even if they sold it at a loss,” said Feroldi.

“Google — multiple billions have been invested into Yahoo & Bing for decades, but they still don’t have 5% market share combined!”

Interestingly, moats aren’t necessarily about a unique technology or product.

“You could create a Coca-Cola Co (NYSE: KO) clone for less than $1 billion. But good luck supplanting the company’s brand proposition & distribution.”

So next time you consider buying an ASX stock, perform the moat test on it.

And you might even want to try that on the shares you already have in your portfolio.

The post The crucial question to ask of EVERY ASX stock in your portfolio appeared first on The Motley Fool Australia.

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More reading

• Got $5,000? Buy and hold these ASX value stocks for years
• It’s not too late to buy these 2 rocketing ASX 200 stocks
• 12% dividend yield! 1 ASX income stock I’d buy today
• 2 ASX shares with ‘promising growth prospects’ just starting to creep up now
• Here are the top 10 ASX 200 shares today

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. 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 Tony Yoo 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 Alphabet, Amazon, Apple, and Beyond Meat. The Motley Fool Australia has recommended Alphabet, Amazon, and Apple. 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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With the ASX 200 index hitting a record high this month, value investors may be concerned that there are no suitable options for them right now.

However, they may be wrong to assume that. In fact, analysts believe that big returns could be on offer from the ASX value stocks listed below.

Here’s why they could be top buy and hold options for a $5,000 investment:

Accent Group Ltd (ASX: AX1)

The first ASX value stock to look at is Accent Group. Bell Potter has a buy rating on the footwear retailer’s shares with a price target of $2.50. This implies potential upside of over 20% for investors from current levels.

Its analysts are forecasting earnings per share of 13.2 cents in FY 2024 and then 15.5 cents in FY 2025. This means its shares are changing hands for approximately 15.6x FY 2024 earnings and 13.3x FY 2025 earnings.

Telstra Group Ltd (ASX: TLS)

Another ASX value stock to look at is telco giant Telstra. It has been named as a buy by analysts at Goldman Sachs. They have a buy rating and $4.55 price target on its shares. This suggests potential upside of almost 20% over the next 12 months.

In respect to its valuation, the broker highlights that Telstra’s shares are a lot better value than they may look at first glance. It said:

Although at a headline level, Telstra valuation appears relatively full (vs. peers and vs. 10Y yield), we note: (1) Adjusting out NBN recurring payments (a unique asset), Telstra trades at a much more compelling multiple; (2) Although its yield spread is compressed vs. history, when factoring dividend growth this is more attractive. Hence in an uncertain 2024 we rate Telstra Buy.

The post Got $5,000? Buy and hold these ASX value stocks for years appeared first on The Motley Fool Australia.

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More reading

• Seeking retirement income from ASX bank shares at 52-week highs? What I’d buy instead
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• Buy Telstra and these ASX dividend shares next week
• 5 ASX 200 shares that boosted their dividends this earnings season
• Analysts name 2 high-yield ASX dividend 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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Accent Group. 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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Experts have noticed a couple of S&P/ASX 200 Index (ASX: XJO) shares that, after a period of underperformance, are now just starting to capture the attention of the market.

They are both quality businesses in the finance/insurance field, so are rated as a buy right now:

‘Rebounded strongly’ despite weaker profit

For eight months between March and November last year, the usually reliable Macquarie Group Ltd (ASX: MQG) shares plunged more than 18%.

But funnily enough, the stock has soared in recent weeks despite some concerns raised during the recent reporting season.

“The share price of this diversified financial services company rebounded strongly despite an update in February revealing a weaker net profit after tax to date for fiscal 2024 when compared to the prior period,” Fairmont Equities managing director Michael Gable told The Bull. 

“This is a bullish sign as it showed the share price was factoring in a lower result.”

Macquarie shares have returned more than 50% over the past five years, all while giving out healthy dividends, which currently stands at a 3.6% yield.

The stock is now trading almost 22% higher than it was on 13 November.

“The stock has managed to remain in an uptrend. We expect Macquarie and the broader market to do well in calendar year 2024.”

13 of 14 analysts love this ASX 200 stock

Insurers are a unique group that does well out of interest rate rises.

With that tailwind, QBE Insurance Group Ltd (ASX: QBE) reported excellent numbers last month.

“The insurance giant posted a significant increase in statutory net profit after tax to US$1.355 billion in fiscal year 2023 compared to US$587 million in the previous year,” said Marcus Today equities analyst Matthew Lattin.

Lattin, who rates QBE as a buy, noted how the business was growing at a great clip.

“QBE’s gross written premiums grew by 10%, supported by renewal rate increases and targeted new business growth, underscoring QBE’s resilience and competitiveness.

“Despite a slight increase in expenses, effective cost-management strategies have kept the expense ratio at a relatively low 11.8%.”

Similar to Macquarie, QBE also pays out a handy 3.6% dividend yield.

Lattin is far from the only professional bullish on the insurance provider.

A whopping 13 out of 14 analysts, as surveyed on CMC Markets, recommend the stock as a buy at the moment.

The post It’s not too late to buy these 2 rocketing ASX 200 stocks appeared first on The Motley Fool Australia.

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More reading

• Guess which are the 2 newest members of the ASX 100 index
• Passive income watch: The ASX stocks dishing out the biggest dividend boosts this earnings season
• Which ASX shares delivered the biggest profit jumps of the earnings season?
• 34 ASX 200 shares with ex-dividend dates next week
• Buy these ASX 200 dividend shares for a big income boost

Motley Fool contributor Tony Yoo has positions in Macquarie Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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 trouble with ASX income stocks with high dividend yields is that there could be a catch.

It could be that the business prospects are in decline, and either the share price or the dividend itself could be headed southwards.

But occasionally you come across a gem.

The ASX income stock with 11.9% yield after cutting dividend

Yancoal Australia Ltd (ASX: YAL) has coal mining assets in NSW, Queensland, and Western Australia.

Over the last couple of years, it has become famous as one of the most generous dividend payers on the ASX.

As Russia invaded Ukraine in 2022, energy prices soared around the world. However, 2023 wasn’t quite as lucrative as the market settled back to normality.

So the news out of reporting season was that Yancoal would cut its latest distribution by more than a half compared to a year ago.

Incredibly though, the dividend yield still remains at a more-than-respectable 11.9%, fully franked.

Production and macroeconomics looking good

“But what about the outlook though?” the savvy investors would ask.

The company reported that last year it achieved its goal of rebuilding mining inventory, having increased production in each and every quarter.

And chief executive David Moult expects the business to continue this “operational momentum” into the coming year.

“The group is in a robust financial position, with no external loans, $1.8 billion of franking credits available, and a net cash balance that we expect will increase each month.”

According to TradingEconomics, China’s coal imports last month were 34% higher than a year prior, while Japan and South Korea are both experiencing “strong demand” for thermal coal.

This is why, despite the phenomenal dividend yield, I reckon Yancoal is a buy at the moment.

The experts agree, with all four analysts covering the stock classifying it as a buy, as surveyed on CMC Invest.

The post 12% dividend yield! 1 ASX income stock I’d buy today appeared first on The Motley Fool Australia.

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More reading

• $2k buys me 627 shares in 2 ASX passive income shares yielding 11% combined
• I’d target a $1,000 passive income from $10k with this ASX high yielder

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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Some investors think buying ASX shares that have risen is crazy talk because the “gains have already been made”.

But that’s spurious logic, for at least two reasons.

First is that stocks have no memory. They don’t care whether they have risen or fallen. Only the future prospects matter.

Second is that if a stock already has upward momentum it means many others think the business is heading in the right direction. The whole point of investing is to own shares that other people want.

So now that we’ve set that record straight, let’s take a look at two ASX shares creeping up at the moment that experts are naming as buys:

Starting ‘a new uptrend’

Sandfire Resources Ltd (ASX: SFR) shares have soared 33% since late October.

And Fairmont Equities boss Michael Gable reckons there’s more where that came from.

“Sandfire Resources is the largest pure-play copper producer on the ASX,” Gable told The Bull.

“We remain positive about the prospects for copper as we expect lower supplies and sustained global demand to result in higher prices during the next few years.”

Many of his peers agree. According to broking platform CMC Invest, 10 out of 18 analysts are rating Sandfire as a buy right now.

“The stock is now starting to break above a three-year resistance level on the chart, so we believe it’s likely to start a new uptrend.”

The ASX shares up 30% in 4 months

Similar to Sandfire, Hub24 Ltd (ASX: HUB) shares have rocketed 30% since the start of November.

The investment platform provider is still a buy for Marcus Today equity analyst Matthew Lattin.

“Hub24’s first half results in fiscal year 2024 saw notable increases in key metrics,” he said.

“Group underlying EBITDA of $55 million was up 10% on the prior corresponding period and statutory net profit after tax of $21.5 million was up 39%.”

The best metric though, is that investors are pouring money into the platform.

“Record half year net inflows of $7.2 billion – an increase of 26% – demonstrates strong demand for its platform services. 

“Moreover, Hub24’s strong pipeline of existing and potentially new advisers suggests promising growth prospects.”

The post 2 ASX shares with ‘promising growth prospects’ just starting to creep up now appeared first on The Motley Fool Australia.

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More reading

• One ASX mining sector at risk of more pain, and one ready to soar!
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why ARB, Bravura, Hub24, and Suncorp shares are storming higher

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24. The Motley Fool Australia has recommended Hub24. 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 post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• ASX 200 gold shares are booming on Monday. Here’s why they could keep shining bright
• Leading brokers name 3 ASX shares to buy today
• Why Calix, Genex, Life360, and Spartan Resources shares are rising
• Is it too late to buy Westpac shares at a fresh 52-week high?
• Why Life360 shares can keep rocketing

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 positions in and has recommended Life360. 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 team at Goldman Sachs has just updated its highly coveted conviction list for the Asia-Pacific (APAC) region.

These are the companies that the broker is most bullish on and expects to outperform.

There have been four new additions to the APAC list this month, with two making exits.

While the majority of its conviction list picks come from elsewhere in the region, one of the new additions is an ASX 200 tech stock.

That tech stock is cloud accounting platform provider Xero Ltd (ASX: XRO).

What is the broker saying about this ASX 200 tech stock?

Goldman has added Xero to its conviction list with a buy rating and $152.00 price target. This implies approximately 12% upside for investors from current levels.

It explains its bullish view on Xero as follows:

Xero is a Global Cloud Accounting SaaS player, with a particular focus on its core 3X3 markets – accounting, payroll and payments in Australia, the US & UK. Kane believes Xero, with its refreshed management team, is very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$100bn TAM. Following the company’s pivot to profitable growth and corresponding earnings ramp, he sees an attractive entry point into a global growth story, with Xero his preferred large-cap technology name in ANZ.

Other ASX 200 stocks that are on the APAC conviction list are rare earths producer Lynas Rare Earths Ltd (ASX: LYC) and supermarket giant Woolworths Group Ltd (ASX: WOW).

For Lynas, the broker has a buy rating and $7.40 price target, which offers potential upside of 19%.

As for Woolworths, it has a buy rating and $40.40 price target on its shares. This suggests potential upside of approximately 23% for investors.

The post Goldman Sachs has added this ASX 200 tech stock to its APAC conviction list appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
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• Brokers name 3 ASX shares to buy now
• Why Core Lithium, Life360, Syrah, and Xero shares are jumping today

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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Let’s be frank, most 30-year-olds probably don’t make a habit of regularly checking up on their superannuation accounts. Let alone honing them for the best possible returns. In fact, there are probably far too many 30-year-olds who don’t even know how much they have in super.

If you’re 30 and this description doesn’t fit your circumstances, congratulations. Here at the Motley Fool, we think everyone should be fully invested (pardon the pun) in managing their super. No matter their age. After all, super is our money. And it remains our best ticket to a comfortable retirement here in Australia.

Last month, we discussed how the average and median superannuation balances for someone aged between 30 and 34 were $51,400 and $38,681 respectively.

But if you’re gunning for a comfortable retirement, how much exactly should you have in your super fund? That’s what we’ll be digging into today.

How much should a 30-year-old have in superannuation?

The latest data from the Association of Superannuation Funds of Australia (ASFA) tells us that it is estimated that in order to achieve a ‘comfortable’ retirement, a single retiree would need an annual income of $50,981 in today’s dollars. That assumes the retiree owns their own home.

For couples, a combined income of $71,724 was estimated to be the minimum for a comfortable retirement.

According to superguru.com.au, this means that a 30-year-old should have a superannuation balance of $66,500 today if they wish to achieve that ‘comfortable retirement’ status. In today’s dollars, this will enable our 30-year-old to hit the $595,000 in retirement savings that a single person will need if they wish to enjoy a comfortable retirement.

It’s assumed that the final super balance will also allow our single retiree to enjoy at least a part Age Pension. It also assumes that they will be drawing down their super fund’s capital during retirement.

Given that this ideal figure of $66,500 is nowhere near the average super balance, let alone the median, for someone aged 30-34 today, it seems our retirement system has a lot of work to do.

The post How much superannuation should I have by age 30? appeared first on The Motley Fool Australia.

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• ASX 200 gold shares are booming on Monday. Here’s why they could keep shining bright
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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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