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I think that ASX growth shares are looking really attractive in May 2022. The recent declines and volatility mean that prices are lower and values look better.

The ASX share market can be like a supermarket sometimes. There are times when particular products are on sale and may seem cheap enough to buy. However, if nearly everything is on sale at the supermarket, I’d want to choose my favourite meal ideas at the better price.

Translating that into ASX shares – a lot of ASX growth shares are much cheaper than they were at the start of the year. There are a lot of investments that now look like bargains to me. Below are two of my favourites.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is like the Amazon of Australian homewares and furniture. It sells hundreds of thousands of products. A lot of those products are shipped directly by suppliers, which reduces shipping times and reduces the need for Temple & Webster to hold as much inventory.

How much cheaper is the Temple & Webster share price? It’s down around 60% in 2022. Ouch. But, I think it’s now a really good long-term opportunity.

There is a long-term trend for more shopping being done online, which I think will benefit the business over time. It already claims to be a leading e-commerce retailer.

I think that the compounding growth of the business is compelling. In the four months to 30 April 2022, the business saw 23% revenue growth compared to the prior year. This was growth of 116% compared to 2020.

Increasing revenue and scale will help grow the operating leverage, allowing the business to re-invest for growth in things like marketing, technology development, product range and the overall customer experience. Increased scale will also help the ASX growth share achieve better unit economies, including cost advantages in product sourcing, logistics and marketing.

At this lower Temple & Webster share price, I reckon the business has a good future ahead.

Xero Limited (ASX: XRO)

The cloud accounting software business is my other pick for May 2022 (and the long-term).

There aren’t many large, high-quality tech shares on the ASX. But I think Xero is one of those great names.

It has a very gross profit margin of 87.3% — this is creeping higher every year. A strong gross profit margin means that most of the revenue turns into gross profit. That gross profit can be spent on areas that help grow and improve Xero, such as product development, marketing, wages and so on.

Eventually, I think that a high gross profit margin will allow Xero to generate a large net profit after tax (NPAT) when it is no longer investing so heavily in growth.

There are two other things that I really like about this ASX growth share.

It has a global subscriber base, which is quickly growing. At the end of FY22, it had 3.3 million subscribers (up 19% year on year). This is spread across places like Australia, the United Kingdom, North America and South Africa. There is a very large addressable market for Xero to target.

The other thing I like about Xero is its software as a service (SaaS) nature. It receives monthly revenue from subscribers and this allows investors (and management) to easily see what the next 12 months of revenue could be.

Xero’s annualised monthly recurring revenue (AMRR) increased 28% to NZ$1.2 billion in FY22. The actual FY22 operating revenue was NZ$1.1 billion. So, there’s already some revenue growth baked in for the next 12 months.

But these two ASX growth shares aren’t the only two I’d be happy to go shopping for. We’ll look at some of my other favourites another time.

The post Here’s why I think these 2 ASX growth shares are top buys in May appeared first on The Motley Fool Australia.

More reading

• Could now be a great time to start investing in ASX shares?
• Analysts name 2 ASX 200 shares to buy after the selloff
• What’s happening with ASX 200 tech shares today?
• Here’s why ASX 200 tech shares are under pressure on Tuesday
• Do experts think the Xero share price is a buy?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. 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 Amazon, Temple & Webster Group Ltd, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Amazon 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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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the three ASX shares that are listed below:

Carsales.Com Ltd (ASX: CAR)

Thanks to the structural shift online for auto listings, its expansion internationally, and acquisitions, Carsales has been growing at a solid rate over the last decade. This has underpinned strong returns for investors, with its shares averaging a total return of 16.2% per annum since 2012. This means that if you had invested $20,000 into Carsales’ shares 10 years ago, it would be worth $90,000 today.

Goodman Group (ASX: GMG)

Another market beater during the last 10 years has been this integrated commercial and industrial property company. This has been driven by Goodman’s highly successful focus on investing in and developing high quality industrial properties in strategic locations close to large urban populations and in and around major gateway cities globally. Over the period, the company’s shares have generated an average total annual return of 20.8% for investors. This would have turned a $20,000 investment into $130,000 today.

ResMed Inc. (ASX: RMD)

Finally, ResMed shares have been a great place to invest over the last decade. This sleep treatment company’s shares have beaten the market thanks to its consistently solid sales and earnings growth over the period. ResMed’s growth has been driven by its industry-leading solutions and the growing awareness and prevalence of sleep disorders. Over the last 10 years, ResMed’s shares have generated an average total return of 24.7% per annum. This means that an investment of $20,000 into its shares in 2012 would have grown to be worth~$180,000 this year.

The post How to turn $20,000 into $180,000 in 10 years with ASX shares appeared first on The Motley Fool Australia.

More reading

• Analysts name 2 ASX 200 shares to buy after the selloff
• 3 ‘disruptive’ ASX companies Aussies now can’t live without
• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• ‘We see value’ in this dividend ASX share: expert
• Why this broker says ResMed is an ASX 200 share to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. and carsales.com 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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Are you looking for dividend shares to buy? If you are, the two listed below could be worth considering.

Both are rated as buys and tipped to provide investors with attractive yields. Here’s what you need to know:

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share for income investors to look at is the Charter Hall Long Wale REIT.

This REIT manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors. This includes 78 hotel properties that are all leased to Endeavour Group Ltd (ASX: EDV).

As its name implies, the Charter Hall Long WALE REIT boasts very long leases. As of its last update, its weighted average lease expiry stood at a sizeable 12.2 years. This is a big positive and provides great visibility on future earnings.

Citi is very positive on the REIT. It currently has a buy rating and $5.71 price target on its shares.

As for dividends, Citi is forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $4.86, this will mean yields of ~6.3% for both years.

HomeCo Daily Needs REIT (ASX: HDN)

Another buy-rated ASX dividend share to look at is the HomeCo Daily Needs REIT.

It is another property company but this time with a focus on convenience-based assets. This includes neighbourhood retail and large format retail (retail parks).

Goldman Sachs is a fan of the company and believes it is well-positioned to continue its growth over the medium term thanks to “the shift to omni channel retailing.” In addition, the broker feels HomeCo Daily Needs REIT’s shares are undervalued based on its positive growth outlook and diversified tenant base.

Goldman has a buy rating and $1.70 price target on the company’s shares, which is meaningfully higher than the current HomeCo Daily Needs share price of $1.33.

It also expects some big dividend yields in the near term and is forecasting dividends per share of 8 cents in FY 2022 and then 9 cents in FY 2023. This equates to yields of 6% and 6.9%, respectively.

The post Experts are tipping these ASX dividend shares as buys appeared first on The Motley Fool Australia.

More reading

• 2 ASX dividend shares I’d buy for passive income
• Experts name 2 ASX dividend shares to buy
• Experts name 2 cheap dividend shares to buy now
• Analysts name 2 ASX dividend shares to buy to beat inflation
• Analysts name 2 high yield ASX dividend shares to buy now

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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If all the turbulence in share markets is confusing, it’s worth looking at what the professionals have been buying for their own funds.

Listed investment company QV Equities Ltd (ASX: QVE) on Thursday held an update for investors in Sydney. 

The portfolio managers from IML, which operates the fund, revealed four ASX shares they’ve recently added.

“They’re very good examples of the types of companies we like to own at IML,” said portfolio manager Marc Whittaker.

“Companies with recurring earnings, with good sustainable competitive advantages, with good management teams, and companies that can grow.”

They come from a diverse range of sectors:

• Codan Limited (ASX: CDA)
• Brambles Limited (ASX: BXB)
• TPG Telecom Ltd (ASX: TPG)
• GUD Holdings Limited (ASX: GUD)

Tailwinds that have nothing to do with rising interest rates

Each of these ASX shares have specific internal tailwinds that are independent of external economic factors.

Among other products, Codan produces metal detecting equipment, which is considered of higher quality than its rivals.

The company enjoyed a global boom in sales during the COVID-19 lockdowns as amateurs took to looking for treasures as a new hobby.

But the share price has been caught up in the technology sell-off, losing more than 19% of its value so far this year.

Whittaker said that this just presented an excellent buying opportunity for a “strong cash-generating” business.

“What we think is a global leader in mine detection and what we think is a strong growth opportunity in communications, you’re getting all that for 13 times PE, which we think is a very compelling valuation — and a dividend yield of close to 4%.”

‘Beautiful business’

Brambles produces pallets for commercial shipping, which are returned and reused.

“‘Pallet pooling’ is a beautiful business because it does come with very powerful network effects,” said Whittaker.

“On the back of that, network effects produce very strong cash generation.”

Acquisition interest from private equity earlier this month, although it fell through, indicates how tempting the current stock price is, he added.

“We’re not sure that bid’s totally gone away… But what that bid points to is the attractiveness of this business model.”

Meanwhile, TPG has a whole series of internal actions it can take to increase the value of the business.

And the industry is at a point in its cycle where all the players are increasing prices.

“If you think about telecommunications businesses, a lot of their cost base is fixed,” said Whittaker.

“So if you can grow your revenues at CPI or greater, then all of a sudden you start to see earnings growth as well.”

Automotive parts and accessories maker GUD made a pair of acquisitions in recent times that the QVE team feels is a catalyst for a bright future.

“GUD is a great example of a company which I think is high quality, but where the quality of that company is improving as well,” said Whittaker.

“It’s gone away from just being an internal combustion engine-exposed auto parts supplier to a company which is really agnostic to whether you’re driving an EV or driving a diesel or driving a petrol car.”

The post 4 great value ASX shares we just bought: expert appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• Fundie tips ASX 200 dividend shares that pay ‘in good times and bad’. Hint: not miners
• Why BrainChip, Codan, Elders, and Karoon Energy are storming higher
• ASX 200 midday update: Elders and Codan rocket, Incitec Pivot disappoints
• Codan share price jumps 10% amid guidance for ‘record’ FY22 profit

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 recommended TPG Telecom 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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A strong finish to the week led to the S&P/ASX 200 Index (ASX: XJO) recording its second successive weekly gain. The benchmark index rose 0.5% to end the period at 7,182.7 points.

While a good number of shares rose with the market, some climbed more than most. Here’s why these were the best performers on the ASX 200 last week:

Codan Limited (ASX: CDA)

The Codan share price was the best performer on the ASX 200 last week with a 16.6% gain. Investors were scrambling to buy this technology company’s shares following the release of its guidance for FY 2022. Codan revealed that it expects to match its record first-half profit in the second half, which would mean a record full-year profit of $100 million. This will be a 56% increase year on year.

Pointsbet Holdings Ltd (ASX: PBH)

The PointsBet share price wasn’t far behind with a 12.8% gain. This was despite the tech sector sinking last week. All the sports betting company’s gain came on Friday despite there being no news out of it. Though, some investors may believe it would be an attractive takeover target amid increased M&A activity in the tech sector.

Allkem Ltd (ASX: AKE)

The Allkem share price was on form and charged 7.4% higher over the five days. A number of lithium shares charged higher last week. This was possibly due to strong pricing from a rival’s latest lithium auction. In addition, there is optimism that lithium demand will continue to outstrip supply for some time to come. This could lead to lithium prices remaining higher for longer.

Virgin Money UK (ASX: VUK)

The Virgin Money UK share price was a positive performer and rose 6.7% during the week. This follows an equally strong gain by the UK-based bank’s London-listed shares. While there was no news out of Virgin Money UK, a strong from JP Morgan on Wall Street may have boosted investor sentiment.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• Here are the 3 most traded ASX 200 shares on Friday
• Why Infomedia, Pilbara Minerals, PointsBet, and Talga shares are racing higher
• ASX 200 midday update: Appen crashes, lithum shares jump

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 S&P/ASX 200 Index (ASX: XJO) was on form last week and recorded its second successive weekly gain. The benchmark index added 0.5% to end the period at 7,182.7 points.

Unfortunately, not all shares climbed with the market. Here’s why these were the worst performers on the ASX 200 last week:

Tabcorp Holdings Limited (ASX: TAH)

The Tabcorp share price was far and away the worst performer on the ASX 200 last week with a massive 81% decline. However, this wasn’t driven by bad news. The catalyst was the demerger of its lottery and Keno businesses into a separate listed entity – The Lottery Corporation Limited (ASX: TLC). This leaves Tabcorp with its wagering, media, and gaming services businesses.

Novonix Ltd (ASX: NVX)

The Novonix share price was out of form and tumbled 9.3% over the period. This was despite there being no real news out of the battery materials and technology company last week. This latest decline means that the company’s shares are now down a whopping 65% since the start of the year.

InvoCare Limited (ASX: IVC)

The InvoCare share price wasn’t far behind with a 9.1% decline over the five days. This appears to have been driven by a lukewarm response to the funerals company’s recent annual general meeting update. One of those brokers was UBS, which retained its neutral rating but cut its price target to $12.40. It fears that rising labour costs will offset improving trading conditions.

Block Inc (ASX: SQ2)

The Block share price was out of form again and sank 8.3% last week. This was despite the payments company’s shares rebounding strongly on Friday. Block’s shares came under pressure amid continued weakness in the tech sector. This saw the S&P ASX All Technology index lose 2.5% of its value last week.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Here are the 3 most traded ASX 200 shares on Friday
• ASX 200 midday update: Appen crashes, lithum shares jump
• Novonix share price surges higher despite billionaire’s board exit
• 5 things to watch on the ASX 200 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 Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. 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 Insurance Australia Group Ltd (ASX: IAG) share price has not proven to be a defensive buy at any time in recent history. This is an ASX 200 share that remains down by 7.77% over the past 12 months, and down almost 32% over the past five years, after all.

The IAG share price closed on Friday up 0.11% at $4.47. The company’s shares are now up 0.34% over 2022 thus far.

But could the tide be turning for IAG shares? We do have a vastly different economy to even that of 12 months ago. Inflation is rising, and so are interest rates. And this is causing some ructions and realignments across the ASX share market.

Financial shares like insurers and banks are often touted as effective defensive investments in this kind of macroeconomic environment. So does this mean that IAG could be a defensive buy today for a more uncertain future?

Is the IAG share price a buy today?

Well, one expert investor who thinks it might be is Michael Maughan, of Tyndall Asset Management. Maughan spoke to Livewire recently about his views on the investing landscape. Here’s some of what he said:

Supermarkets and insurance are the two sectors that stand out in the current inflationary environment…

We expect supermarkets will continue to be key defensive havens as inflation accelerates. Insurance is similar in that while repair costs are rising, the pricing environment means they can be absorbed, and longer-term margin goals met. Whatever claims inflation the general insurers are seeing has already been priced into higher premiums, and we see potential for further increases.

This current inflationary environment has seen bond yields rise and expectations increase for significant cash rate rises. This means that the interest earnings on the premium float of insurers are rising and will add meaningfully to profits.

Maughan goes on to name the “larger brands of listed insurance groups” as the main beneficiaries of these factors. Those were Suncorp Group Ltd (ASX: SUN, QBE Insurance Group Ltd (ASX: QBE) and, yes, IAG shares.

But Maughan isn’t the only one recommending a look at IAG today. As my Fool colleague Zach covered last week, ASX brokers Credit Suisse, JP Morgan, Jarden, Barrenjoey Markets and Citi are all bullish on IAG shares right now.

Each broker has a share price target above $5.14. But other brokers like Macquarie, Barclay Pearce and Morgan Stanley are less optimistic, with Morgan Stanley in particular rating IAG as a sell.

So that’s how some expert investors are treating the IAG share price at the present time.

At the current IAG share price, this ASX 200 insurance share has a market capitalisation of $11.03 billion, with a dividend yield of 2.97%.

 

The post Is the IAG share price a defensive buy amid rising interest rates? appeared first on The Motley Fool Australia.

More reading

• Fundie reveals 3 ASX 200 shares with major pricing power to counter inflation
• Broker names 2 ASX 200 shares with major upside potential
• How might the IAG share price fare with another ‘catastrophe’?
• The IAG share price has tumbled 27% in 5 years. Have the dividends been worth it?
• Broker names 2 ASX 200 dividend shares to buy this week

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Insurance Australia Group 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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It can be tricky to know where to start for a beginner looking to invest in ASX shares. There are so many different investment types to choose from, including individual listed companies as well as portfolio investments like exchange-traded funds (ETFs).

There isn’t a ‘right’ answer about what to invest in first but I think ASX dividend shares can be a good place to start.

Now might be a useful time to start investing as well, as many ASX shares are struggling to make gains in a bearish 2022 and their share prices are lower as a result.

Below are three ASX dividend shares that I think have potential for long-term growth and are companies that most people can relate to.

Wesfarmers Ltd (ASX: WES)

Wesfarmers operates several of the country’s most recognised retail businesses including Bunnings, Officeworks, Kmart, Target, Catch and Australian Pharmaceutical Industries (Priceline).

This ASX dividend share is one of the oldest businesses on the ASX. It can trace its origins to 1914 as a Western Australian farmers’ cooperative. But now its operations are spread across home improvement and outdoor living, apparel, general merchandise, office supplies, health, beauty and wellbeing, as well as chemicals, energy, fertilisers and industrial and safety products.

It is also involved in a lithium mining project which will become operational in the next few years.

Wesfarmers says that its primary objective is to provide a “satisfactory return to its shareholders”. Part of that return involves a dividend. Wesfarmers has a trailing grossed-up dividend yield of 5.2%.

The ASX dividend share can continue to grow the business as its current operations grow and it also makes acquisitions.

Premier Investments Limited (ASX: PMV)

Premier Investments is involved in well-known brands in the retail sector. It owns a number of clothing businesses including Peter Alexander, Just Jeans, Jay Jays, Portmans and Dotti. The company also owns Smiggle, as well as large stakes in Breville Group Ltd (ASX: BRG) and Myer Holdings Ltd (ASX: MYR).

Not only does Premier Investments offer a grossed-up dividend yield of 6%, but it is growing earnings too. It’s achieving online sales growth, boosting its profit margins and growing Smiggle internationally.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Pattinson is the final ASX dividend share that I think could be a good idea for a beginner investor.

It’s one of the oldest companies on the ASX – it has been listed for more than 100 years. I think it will be around for many years to come.

Soul Pattinson operates as an investment house. This means it invests in other companies as it builds a business empire that spans resources, agriculture, telecommunications, swimming schools, electronics, financial services, technology and so on.

For me, one of the key attractions of this business is that it can invest in any sector that it wants to, which allows it to find a broad range of opportunities. It also allows it to future-proof the business.

This company holds the current ASX record for consecutive dividend increases stretching back to 2000. It also has a grossed-up dividend yield of 3.6%.

The post 3 ASX dividend shares I’d buy as a new investor appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 retail shares climbing on Friday?
• Could now be a great time to start investing in ASX shares?
• ‘We’re close to the bottom’: Expert flags share market sectors to buy before the rally
• Experts name 2 ASX 200 shares with high quality management teams to buy
• How do ASX shares typically perform following a demerger?

Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers Limited. The Motley Fool Australia has recommended Premier Investments 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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If you’re looking to add some resources sector exposure to your portfolio, then you may want to look at the two listed below.

They have both been rated among the best shares to buy in the resources sector by analysts at Morgans. Here’s what the broker is saying:

Santos Ltd (ASX: STO)

This energy producer could be a share to buy according to Morgans. It is positive on Santos due to its diversified earnings base and growth projects. The broker also sees plenty of upside for the Santos share price with its add rating and $10.00 price target.

But it gets even better, with Morgans forecasting dividends per share of 25.8 cents in FY 2022 and 39.4 cents in FY 2023. Based on the current Santos share price of $8.24, this will mean yields of 3.1% and 4.8%.

Morgans commented:

We expect the resilience of STO’s growth profile and diversified earnings base see it best placed to outperform against a backdrop of a broader sector recovery. While pre-FEED, we see Dorado as likely to provide attractive growth for STO, while its recent acquisition increasing its stake in Darwin LNG has increased our confidence in Barossa’s development.

South32 Ltd (ASX: S32)

Another ASX resources share that Morgans is positive on is South32. It is a fan of the way the mining giant has transformed its operations to green metals. As well as boosting its ESG credentials, the broker feels it has improved the quality of the company’s earnings.

Morgans has an add rating and $6.10 price target on South32’s shares. It is also expecting big fully franked dividends per share of 26 cents in FY 2022 and 36 cents in FY 2023. With the South32 share price currently fetching $4.71, this will mean yields of 5.5% and 7.6%, respectively.

The broker said:

S32 has transformed its portfolio divesting South African thermal coal and acquiring an interest in Chile copper, substantially boosting group earnings quality, as well as S32’s risk and ESG profile. Unlike its peers amongst ASX-listed large-cap miners, S32 is not exposed to iron ore. Instead offering a highly diversified portfolio of base metals and metallurgical coal (with most of these metals enjoying solid price strength). We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.

The post Broker names 2 of the best ASX resources shares to buy now appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Friday
• Brokers name 3 ASX shares to buy today
• TGIF: Here’s why ASX 200 energy shares are outperforming today
• Here are 2 ASX 200 dividend shares rated as buys by brokers
• Australia’s renewable energy output could triple by 2030 under Labor. Will that impact these ASX 200 shares?

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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Today, the S&P/ASX 200 Index (ASX: XJO) flipped the script and ran in opposition to how yesterday’s market played out. At the end of the session, the benchmark index finished 1.08% higher at 7,182.7 points.

A more uplifting mood was felt across the Australian share market on Friday. Thankfully, US retailers Macy’s and Dollar Tree reported positive results last night, easing the minds of some investors.

In addition, the Australian Bureau of Statistics reported a record level of retail sales in April. Expectedly, the consumer discretionary sector performed strongly today, rising by 2%. On the other hand, consumer staples ended the day being the only sector in the red.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Block Ltd (ASX: SQ2) was the biggest gainer today. Shares in the US-based fintech company got a 5.91% boost after lifting 7% on the New York Stock Exchange last night. Find out more about Block here.

The next best performing ASX share across the market today was Tabcorp Holdings Ltd (ASX: TAH). After an eventful week involving the successful demerging of the now separate Lottery Corporation (ASX: TLC), Tabcorp shares strengthened 4.40% in its last session of the week. Uncover the latest Tabcorp Holdings details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Block Inc (ASX: SQ2)	$117.13	5.91%
Tabcorp Holdings Ltd (ASX: TAH)	$1.0075	4.40%
Credit Corp Group Ltd (ASX: CCP)	$23.12	4.29%
Paladin Energy Ltd (ASX: PDN)	$0.745	4.20%
Liontown Resources Ltd (ASX: LTR)	$1.33	3.91%
Beach Energy Ltd (ASX: BPT)	$1.64	3.80%
Allkem Ltd (ASX: AKE)	$14.00	3.78%
Technology One Ltd (ASX: TNE)	$10.43	3.47%
Pilbara Minerals Ltd (ASX: PLS)	$2.905	3.38%
Corporate Travel Management Ltd (ASX: CTD)	$21.64	3.29%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

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Motley Fool contributor Mitchell Lawler has positions in Block, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Corporate Travel Management Limited and TechnologyOne 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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