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ASX shares that pay dividends can be a great choice for people in their 60s. This is because of their ability to grow profit, pay dividends and hopefully deliver long-term capital growth.

There are lots of different choices out there, including listed investment companies (LICs) and exchange-traded funds (ETFs). I’m going to talk about three specific businesses that look compelling for their passive income and possible share price growth.

Healthco Healthcare and Wellness REIT (ASX: HCW)

This is a real estate investment trust (REIT), which means it owns commercial properties. It’s focused on healthcare and wellness buildings.

In the FY24 first half, private hospitals made up 56% of Healthco’s income. Primary and specialty care facilities accounted for 18%, and 4% was generated by aged care. Another 17% was from childcare and government, life sciences and research tenants.

The ASX share has an occupancy rate of more than 99% and a weighted average lease expiry (WALE) of over 12 years. Around 75% of the portfolio has rental increases linked to CPI inflation, providing protection against inflation.

Pleasingly, it has a development pipeline worth at least $1 billion, which can unlock further rental profits.

The business is expecting to grow its FY24 distribution by 5% to 8 cents per share. At the current Healthco Healthcare and Wellness REIT share price, that represents a distribution yield of 5.8%.

Sonic Healthcare Ltd (ASX: SHL)

Sonic is one of the world’s biggest pathology businesses, with a significant position in Australia, the United States, Germany and the United Kingdom. It also has a smaller presence in a few other countries like New Zealand and Switzerland.

The ASX share has a stated progressive dividend policy, meaning the board of directors want to grow the dividend when they can.

The FY24 first-half result saw ongoing organic growth of revenue (up 6%), and the company increased the dividend per share by 2% to 43 cents per share. This means the dividend yield is 3.6%, excluding franking credits.

There are a number of tailwinds for healthcare businesses, including growing populations, ageing tailwinds and improving technology.

Coles Group Ltd (ASX: COL)

Most people would be familiar with Coles — one of the leading supermarket businesses in Australia.

Its initiatives — including growing its own brand products, being more sustainable, cutting prices and selling ‘smarter’ — are helping to grow sales. In the first eight weeks of the third quarter of FY24, the supermarket segment saw revenue growth of 4.9%, underpinned by volume growth.

The ASX share is investing heavily in automated warehouses, which should help it become more efficient, lower costs, improve stock flow, help with e-commerce orders and so on.

The last two declared dividends from Coles amount to an annual dividend per share of 66 cents, which is a grossed-up dividend yield of 5.5%.

As Australia’s population grows, the number of potential customers increases, which is a useful tailwind in my opinion.

The post If I were 60 I’d buy these ASX shares for dividends appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• 34 ASX 200 shares with ex-dividend dates next week
• Want to cash the latest Coles dividend? Here’s what you need to do
• $42 million tops the most notable ASX 300 insider buys this earnings season
• 3 ASX dividend shares to buy for a passive income boost

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 positions in and has recommended Coles Group. The Motley Fool Australia has recommended Sonic Healthcare. 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) will soon have some new members.

After the market close on Friday, S&P Dow Jones Indices announced changes to the benchmark index effective prior to the open of trading on Monday 18 March.

This follows the financial market indices provider’s March quarterly review.

Which shares are joining the index?

According to the release, audio visual solutions provider Audinate Group Ltd (ASX: AD8), gold miner Red 5 Ltd (ASX: RED), hotel technology company Siteminder Ltd (ASX: SDR), and coal miner Stanmore Resources Ltd (ASX: SMR).

This a big achievement for these companies and could give their shares a boost.

That’s because many fund managers have strict investment mandates allowing them to only invest in shares on the ASX 200 index and above. This is to stop them from risking investor funds in anything speculative outside the benchmark index.

So, if they have been waiting in the wings for an opportunity to purchase Audinate et al, then now is their chance.

In addition, index funds that track the ASX 200 index will need to buy shares to reflect the changes that have been announced.

Which ASX 200 shares are being dumped?

If four shares are entering the ASX 200, it means that four are heading to the exits.

These will be mineral exploration company Chalice Mining Ltd (ASX: CHN), lithium miners Core Lithium Ltd (ASX: CXO) and Sayona Mining Ltd (ASX: SYA), and semiconductor company Weebit Nano Ltd (ASX: WBT).

Their exit could be bad news for their shares for the exact opposite reasons listed above. Fund managers and index funds may have to offload them in the near future.

Though, conversely, there’s a small chance that this could yet prove to be a positive. With all four of these ASX 200 shares on the most shorted list, short sellers may be forced to buy shares to close positions if they’re not allowed to short outside the benchmark index.

The post Guess which 4 shares are being dumped from the ASX 200 index appeared first on The Motley Fool Australia.

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More reading

• Here’s the latest lithium price forecast through to 2027
• These are the 10 most shorted ASX shares
• 6 ASX shares to buy and hold until the next leap year
• Here are the top 10 ASX 200 shares today
• Why Core Lithium, Life360, Syrah, and Xero shares are jumping today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Audinate Group and SiteMinder. The Motley Fool Australia has positions in and has recommended Audinate Group and SiteMinder. 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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Vanguard Australian Shares Index ETF (ASX: VAS) is the most popular exchange-traded fund (ETF) on the ASX. I will outline some reasons why there may be even better ASX ETFs to invest in.

At the end of January 2024, the ETF size was $14.6 billion. This money is largely allocated to the ASX’s biggest blue-chip holdings including BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), CSL Ltd (ASX: CSL), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC), ANZ Group Holdings Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG) and Wesfarmers Ltd (ASX: WES).

The VAS ETF is a good investment, but here are some things to think about.

Not the cheapest way to invest in ASX shares

One major reason to like the VAS ETF is its very cheap management fee. The lower the cost, the bigger the returns that stay in the hands of the investor. The VAS ETF has an annual fee of just 0.07%.

Vanguard is great at offering low-cost ETFs, and I believe it will always be very competitive. But, the BetaShares Australia 200 ETF (ASX: A200) is even cheaper. It has an annual management fee of 0.04%.

So while the fees are quite similar, and the allocation to the larger positions is similar, I can’t ignore the fact that A200 is actually a cheaper way to do it.

Not much technology exposure

If we look at the best-performing shares over the past 10 or 20 years on the ASX or global share markets, many are in the technology space — or at least technology is a significant component in the service/offering.

The ASX has some great companies like REA Group Limited (ASX: REA), Altium Limited (ASX: ALU), WiseTech Global Ltd (ASX: WTC), Pro Medicus Ltd (ASX: PME) and TechnologyOne Ltd (ASX: TNE). But they aren’t major parts of the S&P/ASX 300 Index (ASX: XKO).

Global tech companies like Microsoft, Alphabet, Apple and Meta Platforms are already some of the biggest in the world. But the ASX and the Vanguard Australian Shares Index ETF don’t offer exposure to tech the way that some other funds do.

The Betashares Nasdaq 100 ETF (ASX: NDQ) in one ETF that offers exposure to those large technology companies, and it gives much more allocation to tech than the VAS ETF.

Not a lot of diversification

Tech has been a great-performing sector for a while, but I’d suggest the VAS ETF is too heavily weighted to ASX financial shares (29%) and ASX mining shares (23.7%). Those two sectors alone make up more than half of the Vanguard Australian Shares Index ETF portfolio.

While financials and miners are known for paying good dividends, they’re not exactly known for strong compounding growth year after year.

Plenty of other ETFs on the ASX have more even allocation between different sectors.

Vanguard MSCI Index International Shares ETF (ASX: VGS), which invests in the global share market, has a double-digit allocation to five different sectors: IT (24.1%), financials (14.8%), healthcare (12.3%), industrials (11.1%) and consumer discretionary (10.7%).

I think diversification plays an important role in building a quality portfolio. VAS ETF is decent, but others are more diversified, such as the VGS ETF.

The post 3 reasons to buy another ASX ETF over the Vanguard Australian Shares Index ETF (VAS) appeared first on The Motley Fool Australia.

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More reading

• 3 excellent ASX ETFs to buy in March
• 14% in 4 months: How has the Vanguard Australian Shares ETF (VAS) managed it?
• How much would I need to invest in ASX shares for a retirement income of $80,000 per year?
• A once-in-a-decade chance to get rich from ASX 200 shares?
• Is the Vanguard Australian Shares Index ETF (VAS) a good buy for beginners?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Altium, Apple, BetaShares Nasdaq 100 ETF, CSL, Macquarie Group, Meta Platforms, Microsoft, Pro Medicus, REA Group, Technology One, Wesfarmers, and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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, Macquarie Group, Wesfarmers, and WiseTech Global. The Motley Fool Australia has recommended Alphabet, Apple, CSL, Meta Platforms, Pro Medicus, REA Group, Technology One, 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.

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Investors were piling back into ASX lithium stocks last week at long last.

Core Lithium Ltd (ASX: CXO), IGO Ltd (ASX: IGO), Liontown Resources Ltd (ASX: LTR), and Pilbara Minerals Ltd (ASX: PLS) all recorded strong weekly gains.

This was driven by a rebound in lithium futures in China, which has sparked hopes that the lithium rout is finally over.

Is this actually the case? Well, let’s see what Goldman Sachs is saying after its analysts released their latest lithium price estimates for the coming years.

Lithium price forecast to 2027

Here’s how spot prices are looking this week compared to late January:

• Lithium carbonate – China: US$12,604 per tonne (January: US$11,867)
• Lithium hydroxide – China: US$9,653 per tonne (January: US$9,899)
• Spodumene 6%: US$910 per tonne (January: US$1,000)

As you can see above, there has been an uptick in lithium carbonate prices since late January. Though, the same cannot be said for lithium hydroxide and spodumene 6% prices.

But where to from here?

Let’s see what Goldman is forecasting for lithium prices out to 2027 and also the long-term average.

Lithium carbonate – China:

• 2024: US$12,847 per tonne
• 2025: US$11,000 per tonne
• 2026: US$13,323 per tonne
• 2027: US$15,646 per tonne
• Long-term: US$15,500 per tonne

Lithium hydroxide – China:

• 2024: US$13,795 per tonne
• 2025: US$12,500 per tonne
• 2026: US$14,323 per tonne
• 2027: US$16,146 per tonne
• Long-term: US$15,500 per tonne

Spodumene 6%:

• 2024: US$1,175 per tonne
• 2025: US$800 per tonne
• 2026: US$978 per tonne
• 2027: US$1,155 per tonne
• Long-term: US$1,150 per tonne

Based on the above, it is apparent that Goldman Sachs isn’t expecting prices to rebound meaningfully from current levels.

So, if you’re buying ASX lithium stocks on the assumption that they will surge soon, it might be worth taking this into consideration.

And while actual prices could ultimately vary significantly from Goldman’s estimates, its analysts have been spot on with their estimates over the last 18 months. So, they certainly know what they’re talking about.

The post Here’s the latest lithium price forecast through to 2027 appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
• 3 ASX lithium shares with huge upside to buy in March
• 6 ASX shares to buy and hold until the next leap year
• Here are the top 10 ASX 200 shares today
• Why Core Lithium, Life360, Syrah, and Xero shares are jumping today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. 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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At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Pilbara Minerals Ltd (ASX: PLS) continues its long run as the most shorted ASX share after its short interest held firm at 21%. Short sellers don’t appear to believe that lithium prices will be improving meaningfully in the near term.
• Syrah Resources Ltd (ASX: SYR) has short interest of 17.1%, which is down week on week. This graphite producer’s shares jumped last week thanks to a new offtake agreement.
• Core Lithium Ltd (ASX: CXO) has short interest of 11.3%, which is down again week on week. This lithium miner plans to suspend production to reduce costs while prices are low.
• Chalice Mining Ltd (ASX: CHN) has short interest of 9.9%, which is up week on week. This mineral exploration company’s production is still years away, making it hard to value its project.
• Deep Yellow Limited (ASX: DYL) has seen its short interest rise slightly to 9.9%. Short sellers don’t appear to believe that uranium prices will be as strong as the market is predicting.
• IDP Education Ltd (ASX: IEL) has 9.3% of its shares held short, which is down sharply week on week. This language testing and student placement company’s shares have fallen heavily over the last 12 months due to student visa changes.
• Genesis Minerals Ltd (ASX: GMD) has seen its short interest remain flat at 9.2%. This appears to be due to concerns over integration risks from its recent acquisition spree.
• Sayona Mining Ltd (ASX: SYA) has 8.5% of its shares held short, which is down week on week. A large shareholder recently sold off its stake at a big discount.
• Flight Centre Travel Group Ltd (ASX: FLT) has 8.4% of its shares held short, which is flat week on week. Last week, the travel agent released a half-year result that fell short of expectations.
• Weebit Nano Ltd (ASX: WBT) has short interest of 7.9%, which is down week on week. Valuation and revenue generation concerns are likely to be behind this.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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More reading

• Which ASX shares delivered the biggest profit jumps of the earnings season?
• Here are the top 10 ASX 200 shares today
• 34 ASX 200 shares with ex-dividend dates next week
• Why Core Lithium, Life360, Syrah, and Xero shares are jumping today
• Why are Core Lithium shares jumping 12% on Friday?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group and Idp Education. 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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ANZ Group Holdings Ltd (ASX: ANZ) shares have been on an excellent run for shareholders. They have risen 10.6% this year and 17.7% in the last three months. That compares to a 1.5% rise for the S&P/ASX 200 Index (ASX: XJO) this year and 8.7% over the past three months.

The ANZ share price performance has surprised and impressed me. Should I be more optimistic about the bank?

Reasons to be optimistic about ANZ

An ASX bank share — or any share, for that matter — that delivers good returns, is a good thing for shareholders.

Investors appear to be more confident lately about the economic situation in Australia. Inflation is slowly but surely coming down, which is raising the prospect of interest rate cuts starting this year.

Lower interest rates would reduce the risk of too many borrowers going into arrears and could also increase demand for credit.

ANZ Bank has received approval to buy the banking division of Suncorp Group Ltd (ASX: SUN). This will boost the scale of ANZ’s operations and allow it to compete more strongly in Queensland.

On the dividend front, the ASX bank share is expected to pay an annual dividend per share of $1.62 in the 2024 financial year, which translates into a grossed-up dividend yield of 8%.  

Reasons to stick with my opinion

The ANZ share price has done well, but according to Commsec, its profit is still expected to fall in FY24 (and FY25) amid strong banking competition and the likely rise of arrears.

If profit goes down and the ANZ share price goes up, it suggests its price/earnings (P/E) ratio is increasing, and the company is becoming more expensive.

I think a business needs to demonstrate evidence of increasing profit potential to justify a higher share price, which could be a while away. I’m not convinced that ANZ’s recent rise correlates with an improvement in its profit outlook.

ANZ shares have done well in the last few weeks and months and I’m not saying the bank is a terrible business. But I believe there are other ASX shares that can deliver stronger returns over time.

The post Is it time for me to change my tune about ANZ shares? appeared first on The Motley Fool Australia.

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More reading

• Why these 4 ASX 200 shares grabbed the Motley Fool’s headlines this week
• 3 ASX 100 and ASX 200 shares I’d buy now for a $1,820 passive income in 2024!
• Why ARB, Bravura, Hub24, and Suncorp shares are storming higher
• ANZ shares tumble despite Suncorp Bank takeover approval
• How will ANZ shares react to a big week of ASX news?

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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The Kogan.com Ltd (ASX: KGN) share price has shot higher. It’s up a hefty 81% since 23 January 2024, and it has gone up around 90% in the past year.

Yes, the lower Kogan share price is now in the past. But, the question is now whether it’s worth investing in the online retailer for the long-term after it has risen so much.

Regardless of what we do, I think it’s almost certain that the Kogan share price is going to see some more volatility in the months and years ahead.

What justifies the rise in Kogan shares?

The recent FY24 first-half result saw a number of positives.

Gross profit jumped 42.2% to $89.5 million, with the gross profit margin rising 13.2 percentage points to 36.1% thanks to the optimisation of inventory and focus on platform and software-based subscription revenue.

Kogan FIRST subscribers rose 15.3% year over year to 466,000 – this program delivered $22.7 million of revenue, an increase of 109.7%.

The e-commerce ASX share revealed big improvements in its other profit margins, from losses to profits. It made $19.4 million of earnings before interest, tax, depreciation and amortisation (EBITDA), $11.9 million of earnings before interest and tax (EBIT) and $8.7 million of net profit after tax (NPAT).

It also noted the new advertising platform was launched, allowing the marketplace sellers to market their listings on the platform – this delivered $1.3 million in the first half. The company expects that scaling of the platform will continue in the second half.

Strong outlook

The trading update and outlook were also very positive.

Kogan shares may have benefited when investors learned that the business generated adjusted EBITDA of $4.9 million in January 2024.

It said it’s expecting continued growth of the platform-based sales contribution, an improving gross margin and operating leverage, continued improvement in product divisions’ profitability, accelerated growth of the advertising platform and Mighty Mobile (New Zealand mobile), further growth of Kogan FIRST subscribers and maintenance of a “strong balance sheet“.

Things are suddenly looking up for Kogan.

My view on the Kogan share price

The COVID-19 period was a feast and then famine for shareholders. It seems the ASX share has reached a much more stable footing.

If growing scale can mean rising profit margins, then Kogan’s share price could keep rising over time. Its e-commerce platform has the potential to deliver good operating leverage.

The company pointed out that its EBIT margin was 4.5% in the first half of FY19, and it rose to 4.8% in the first half of FY24.

Broker UBS has estimated that FY25 could see Kogan generate earnings per share (EPS) of 23 cents, which would put the current Kogan share price at 34x FY25’s estimated earnings. FY28 is a long way away, but UBS’ current projection suggests the Kogan share price is at 18x FY28’s forecast earnings.

I think more people are going to do more shopping online in the coming years. If Kogan can continue to offer good value and advertise well, it can become a larger business and benefit from the e-commerce tailwinds.

I’d prefer to buy it at a lower price, but I believe Kogan shares can outperform over a three-year or five-year period.

The post Is it too late to buy after the Kogan share price rocketed 90% in a year? appeared first on The Motley Fool Australia.

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More reading

• Why Alumina, Kogan, Mayne Pharma, and Suncorp shares are racing higher
• Kogan share price jumps 14% on massive profit rebound and dividend return
• Here’s why this ASX small-cap share could be a big winner

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 positions in and has recommended Kogan.com. The Motley Fool Australia has recommended Kogan.com. 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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If you’re wanting to strengthen your income portfolio in March with some new additions, then it could be looking at the ASX dividend stocks listed below that brokers rate as buys.

Here’s what they are saying about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock to look at is footwear-focused retailer Accent.

Bell Potter notes that it is positive on the company due to “continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority.”

The broker is also expecting some big dividend yields in the near term. It is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $2.05, this represents dividend yields of 6.3% and 7.1%, respectively.

Bell Potter has a buy rating and $2.50 price target on its shares.

Dexus Industria REIT (ASX: DXI)

Over at Morgans, its analysts believe that Dexus Industria could be an ASX dividend stock to buy.

It is a real estate investment trust that invests in high quality industrial warehouses across Sydney, Melbourne, Brisbane, Perth and Adelaide.

Morgans is expecting dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.98, this will mean dividend yields of 5.5% and 5.6%, respectively.

The broker currently has an add rating and $3.18 price target on its shares.

Suncorp Group Ltd (ASX: SUN)

Goldman Sachs thinks that insurance giant Suncorp could be a top option for income investors.

It highlights that it is “favourably disposed to Suncorp, noting in large part the tailwinds that exist in the general insurance market.”

As for dividends, the broker is forecasting fully franked dividends per share of 77 cents in FY 2024 and 82 cents in FY 2025. Based on the Suncorp share price of $15.33, this will mean yields of 5% and 5.35%, respectively.

Goldman has a buy rating and $16.25 price target on its shares.

The post Buy these ASX dividend stocks for big 5%+ yields 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 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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On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week on a high. The benchmark index rose 0.6% to 7,745.6 points.

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

ASX 200 expected to rise again

The Australian share market looks set to rise on Monday after records were broken on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points higher. On Friday on Wall Street, the Dow Jones was up 0.2%, the S&P 500 rose 0.8%, and the Nasdaq stormed 1.15% higher.

Oil prices climb

It could be a good start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price was up 2% to US$79.81 a barrel and the Brent crude oil price was up 2% to US$83.55 a barrel. Traders appear optimistic that OPEC will announce new production cuts.

Life360 shares can keep rocketing

The Life360 Inc (ASX: 360) share price was on fire on Friday and rocketed almost 40% higher. The team at Goldman Sachs believes that this is just the beginning of greater gains. This morning, the broker has reiterated its buy rating and lifted its price target by a third to $14.20. This implies 26% upside for investors from current levels.

Gold price hits two-month high

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price stormed higher on Friday. According to CNBC, the spot gold price was up 1.8% to US$2,091.6 an ounce. The precious metal hit a two-month high on rate cut hopes.

Shares going ex-dividend

A number of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes gold miner Newmont, investment platform provider Netwealth Group Ltd (ASX: NWL), property listings company REA Group Ltd (ASX: REA), and insurance broker Steadfast Group Ltd (ASX: SDF).

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

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More reading

• Buy Telstra and these ASX dividend shares next week
• 5 ASX 200 shares that boosted their dividends this earnings season
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• These ASX 200 shares could rise 20% to 50%
• Here’s how the ASX 200 market sectors stacked up this week

Motley Fool contributor James Mickleboro has positions in Life360 and Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, Netwealth Group, and REA Group. The Motley Fool Australia has positions in and has recommended Netwealth Group and Steadfast Group. The Motley Fool Australia has recommended REA 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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Even though reporting season is now largely done and dusted, there are still plenty of potential catalysts that could rock ASX shares either way.

eToro market analyst Josh Gilbert has picked out the three most critical developments to watch out for this week:

1. Australia GDP

Federal treasurer Jim Chalmers has already predicted Wednesday’s numbers would show weak growth for Australian GDP in the December quarter.

“Retail sales in the three months to end 2023 were the early signs that consumers were feeling the impacts of the RBA’s tightening cycle, which is likely to be a drag on GDP this week, alongside weaker residential construction,” said Gilbert.

“Slowing growth is likely to continue in the Australian economy as consumers continue to reign in spending, as witnessed by retail sales data this week.”

This bad news could be good news for investors, as it would push the Reserve Bank closer to deciding that inflation worries have eased, and perhaps a cut in interest rates might be warranted.

The central bank’s next decision will come after its meeting on 18 to 19 March.

2. China inflation

As opposed to the Western world, China has been battling deflation over the past year or so.

According to Gilbert, “concerns are escalating” about this week’s release of the February CPI data.

“January’s figures emphasised the country’s economic need for increased support and a surge in demand to avert a deflationary situation, suggesting a more aggressive policy stance is needed.”

A liquidation order in January for construction giant Evergrande is emblematic of what the Chinese economy is going through.

source: tradingeconomics.com

“Historically, China’s real estate sector has been a substantial driver of the nation’s growth, and further distress could ignite fears of a slowdown in China’s economic growth. 

“It’s evident that policymakers need to take more decisive actions as so far, the measures implemented have been substandard, and the lack of improvement in policy stance continues to further dent confidence and hold back spending.”

3. Can Bitcoin reach new all-time highs?

Bitcoin (CRYPTO: BTC) has rocketed almost 40% so far this year and 138% going back six months.

Gilbert noted how recently Bitcoin soared as high as US$64,000, which is getting pretty close to the all-time peak of US$69,000 achieved back in 2021.

“Interestingly, this doesn’t appear to be a cap, but rather an exciting new beginning for cryptoassets.

“Bitcoin ETFs have piqued interest on a massive scale, with their substantial trading volumes and billions of dollars of inflows highlighting the increasing trend of institutional investors wanting exposure to bitcoin.”

Moreover, there are several catalysts coming.

“Upcoming events like the bitcoin halving and mid-year rate cuts, continued inflows into ETFs, and revived retail interest could potentially propel the bull market into six-figure territory.”

However, Gilbert urged investors to curb their enthusiasm.

“In this scenario, it’s easy for investors to feel FOMO,” he said.

“However, it’s important to remember your risk profile and understand that bitcoin is still a volatile asset class that has a history of wild price fluctuations.”

The post 3 things ASX investors should watch this week appeared first on The Motley Fool Australia.

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More reading

• 6 ASX shares to buy and hold until the next leap year
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Motley Fool contributor Tony Yoo has positions in Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. 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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