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The BHP Group Ltd (ASX: BHP) share price is falling heavily on Wednesday morning.

In early trade, the mining giant’s shares are down 10% to $42.88.

Why is the BHP share price sinking today?

The good news for shareholders is that the decline by the BHP share price has nothing to do with the company’s performance or a broker note.

Rather, today’s decline has everything to do with the Big Australian’s shares trading ex-dividend for its in-specie dividend. An in-specie dividend is a dividend that is paid in assets rather than cash.

On this occasion, this in-specie dividend sees BHP distributing 914,768,948 new shares in the newly named Woodside Energy Group Ltd (ASX: WDS) to shareholders. These shares, which had a total market value of $26.5 billion at yesterday’s close, were issued to BHP as part of the demerger of its petroleum assets into Woodside.

This has transformed Woodside into a top 10 global energy producer with over 2 billion barrels of proven and probable reserves and annual EBITDA approaching US$5 billion.

What’s next?

Eligible BHP shareholders will receive one new Woodside share for every 5.534 BHP shares they own when the demerger completes. This will be rounded down to the nearest whole share.

The demerger is expected to complete this time next week on 1 June. After which, those new shares will then commence normal trading on the ASX boards a day later on Thursday 2 June.

Why isn’t the Woodside share price tumbling?

While the addition of BHP’s petroleum assets will be game-changing for Woodside, this has already been factored in for some time. That’s why the Woodside share price is behaving largely as though nothing is happening today.

Furthermore, although it has just added energy operations worth almost $27 billion, it has issued the equivalent in shares to BHP shareholders. So, while Woodside’s market capitalisation may increase $27 billion, the addition of the shares has had a neutralising impact, making everything essentially the same on a per share basis.

The post Why is the BHP share price sinking 10% today? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Overexposed: What every Australian dividend investor needs to know
• Could ASX shares pay out $100b in dividends this year? Expert weighs in
• Looking for the world’s biggest dividend? You’ll find it right here on the ASX 200

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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I think the Wesfarmers Ltd (ASX: WES) share price is now looking like good value for long-term investors right now.

It has been a difficult year for Wesfarmers so far, with the company’s share price falling by more than 20% in 2022. However, I believe that this lower price now represents a compelling long-term opportunity with the ASX share.

Higher interest rates, strong inflation, supply chain disruptions and geopolitical events have caused a lot of volatility in the ASX share market. Wesfarmers hasn’t escaped.

However, I believe that the Wesfarmers share price can do well over the next decade.

There are three main reasons why I think the ASX share could be worth owning.

Bunnings

In my opinion, Bunnings may be one of the best businesses in Australia. It earns more than two-thirds of Wesfarmers total earnings before tax (EBT), after excluding significant items.

Even in the face of slowing economic conditions, Wesfarmers managed to achieve revenue growth with Bunnings with a 1.7% increase of revenue to $9.2 billion in the first half of FY22. The company said that its performance for the half reflected its ability to meet customers’ needs through a range of operating conditions and “further highlighted the resilience and flexibility of the model”.

While it’s possible that slowing housing construction and a slowdown of DIY projects could dampen shorter-term demand for Bunnings, I think it’s a category leader in its sector that can keep making good profits.

In the first half of FY22, Wesfarmers said that Bunnings generated a return on capital of 79%, up from 76.65% in the previous year. That’s a very high number and shows how valuable Bunnings is to Wesfarmers.

Wesfarmers can keep investing in Bunnings, such as improving its online offering and acquiring other small businesses like Beaumont Tiles.

What does lithium have to do with Wesfarmers’ share price?

Lithium is an area that Wesfarmers is trying to get exposure to. Its joint venture is called Mt Holland. While that project isn’t up and running yet, I think Mt Holland is compelling because the lithium price is rising over time, which will make Mt Holland more valuable to the company. In the FY22 half-year result, Wesfarmers said that it had spent $139 million in the first half of the year.

The demand for lithium is rising alongside the rise in home batteries and electric vehicles, as the number of batteries needed increases. While Mt Holland won’t be the biggest global lithium mine, it will help diversify Wesfarmers’ earnings away from retail and probably have an influence on the Wesfarmers share price.

Healthcare and beauty

I also like the move by management to buy the Australian Pharmaceutical Industries business.

Management can use this as the basis for a new health, beauty and wellness division. Healthcare has useful tailwinds such as ageing demographics, which can help the long-term trajectory of the business.

Healthcare is a large and fairly defensive sector which can help Wesfarmers become a more resilient business. It’s also very diverse, so it gives the ASX share plenty of opportunities to look at. Amid all of the current volatility, it could be looking at a new healthcare opportunity right now.

Final thoughts

Not only is Wesfarmers diversifying its operations, it also normally offers a reasonable dividend payout as well. So, I think that Wesfarmers can generate attractive and growing earnings, while paying a solid dividend to investors.

The post Why I think the Wesfarmers share price is a buy right now appeared first on The Motley Fool Australia.

More reading

• Experts name 2 ASX dividend shares to buy
• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Why did the Wesfarmers share price trail the ASX 200 on Monday?
• Why Nufarm, Pendal, Wesfarmers, and Westpac shares are sinking
• Why are ASX 200 retail shares getting hammered on Thursday?

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 Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The CSR Limited (ASX: CSR) share price has fallen 12% since the company released its full year results on 11 May.

And yesterday’s trading session didn’t help either, with the building products company’s shares shedding 2.17% to $4.97 at market close.

Let’s take a look at the details in relation to the upcoming CSR dividend.

CSR delivers strong cash generation and returns for shareholders

The CSR board announced its biggest ever final dividend (not including previous special dividends) to shareholders. This came after the company recorded a stellar performance for the year ending 31 March 2022 (YEM22).

Despite registering a 20% increase in net profit after tax (NPAT), investors hit the sell button on CSR shares. A flurry of broker downgrades were issued following concerns regarding headwinds in the housing market such as interest rates.

Nonetheless, the CSR board declared a fully franked final dividend payment of 18 cents per share. This represents a lift of 24% on the previous final dividend of 14.5 cents apiece (again, not including the added special dividend of 9.5 cents apiece).

Management stated that this brings the full year dividend to 31.5 cents per share for the YEM22.

Notably, this is at the top end of CSR’s dividend policy of 60-80% of NPAT before factoring in significant items.

The record date for the final dividend falls on 30 May, with payment to eligible shareholders on 1 July 2022.

CSR share price snapshot

Looking at this time last year, CSR shares have declined by around 15% in value.

It’s worth noting that the company’s shares touched a 52-week low of $4.92 last Friday before edging slightly higher.

On valuation grounds, CSR commands a market capitalisation of roughly $2.52 billion and has a trailing dividend yield of 5.45%.

The post Hoping to bag the next CSR dividend? Here’s what you need to know appeared first on The Motley Fool Australia.

More reading

• Why is the CSR share price lagging the ASX 200 on Friday?
• Why is the CSR share price plunging 9% today?
• CSR share price lifts as company constructs 20% more profit
• Do CSR shares have a dividend reinvestment plan?
• Is the CSR share price fully valued in April 2022?

Motley Fool contributor Aaron Teboneras 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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Commonwealth Bank of Australia (ASX: CBA) is one of the largest ASX dividend-paying shares. It has a market capitalisation of $179 billion, according to the ASX. But how big could the CBA dividend be in 2022 and 2023?

CBA is the largest of the big four ASX banks. CBA, Australia and New Zealand Banking Group Ltd (ASX: ANZ), Westpac Banking Corp (ASX: WBC), and National Australia Bank Ltd (ASX: NAB) have been steadily growing their dividends after significant cuts during the COVID-19-hit year of 2020.

Australia’s largest bank increased its latest interim dividend in its FY22 half-year result.

Dividend growth in FY22?

CBA’s board decided to grow the half-year dividend by 17% year on year to $1.75 per share. That represented a normalised cash payout ratio of around 70% which was in line with the board’s interim target payout ratio normalised for long run loan loss rates.

The broker Ord Minnett expects CBA to pay an annual dividend per share of $3.80 in the FY22 full-year result.

If CBA were to pay that projected dividend, then that translates into a grossed-up dividend yield of 5.2% at the current CBA share price. It would also represent year-on-year growth of 8.6% compared to the annual dividend in FY21.

The major bank’s latest profit update showed that it generated $2.4 billion of cash net profit after tax (NPAT) in the three months to 31 March 2022. This was down 2% year on year when comparing continuing operations.

FY23 expectations

CBA is expected to increase its dividend again in FY23.

Ord Minnett has pencilled in that CBA could pay an annual dividend of $4.05 per share in the 2023 financial year.

If CBA were to pay a dividend of that size, it would equate to a grossed-up dividend yield of 5.5%. That dividend payout would represent an increase of 6.6% compared to the projected dividend for FY22.

Is the CBA share price good value?

There are many brokers that seem to think that the CBA share price is a bit overpriced.

Ord Minnett currently has a hold rating on the business. However, the target price is $93 which suggests a decline of more than 10% over the next 12 months.

Citi rates the big bank as a sell, with a price target of $90.75. The broker thinks that CBA’s margins could continue to be challenged in the near term as growth slows. However, Citi is expecting CBA to pay a grossed-up dividend yield of 6.25% in FY23.

Macquarie is another broker that has a negative rating on CBA, with a price target of $90. This broker also thinks that the profit margin could continue to be challenged.

One of the most positive brokers on the CBA share price is Credit Suisse, which is neutral on the bank with a price target of $102.80. It thinks that CBA will benefit from rising interest rates.

The post What’s the outlook for the CBA dividend in 2022 and 2023? appeared first on The Motley Fool Australia.

More reading

• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Could ASX shares pay out $100b in dividends this year? Expert weighs in
• Is the CBA share price a buy following the bank’s digital mortgage launch?
• What’s moving the CBA share price higher this week?
• Can ASX 200 banks really see a 15% profit jump if the cash rate hits 1%?

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 recommended Macquarie Group Limited and Westpac Banking Corporation. 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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Rio Tinto Limited (ASX: RIO) is one of the biggest dividend payers in Australia. Some analysts think its shares are undervalued and that it can pay a large dividend.

The ASX mining share is one of the biggest iron ore miners, along with BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG).

Rio Tinto is making a lot of profit at the moment with many commodity prices higher than they have been in recent years.

The iron ore miner paid a large dividend in FY21 and analysts are expecting another large annual dividend in this financial year.

Dividend expectations

The broker Macquarie thinks that Rio Tinto is going to pay a grossed-up dividend yield of 16.5% in FY22 and then 11.4% in FY23. So, Macquarie thinks that double-digit yields are going to come from Rio Tinto in the next couple of years.

Ord Minnett has some estimates on Rio Tinto’s upcoming dividends as well. This broker has projected a grossed-up dividend yield of 15.5% in FY22 and 12% in FY23.

However, the broker Morgans is a bit less optimistic about the size of the next few dividends. Morgans has predicted a grossed-up dividend yield of 13.9% in FY22 and 10.6% in FY23.

The consensus seems to be that Rio Tinto shareholders are going to keep receiving bucketloads of cash in the next two financial years.

But does the Rio Tinto share price offer good upside?

Macquarie certainly thinks so with a buy rating and a price target of $140, implying a possible upside of more than 25% over the next 12 months.

The broker notes the efforts by Rio Tinto to increase its copper exposure, which is important for the company’s planned growth.

Ord Minnett is less optimistic about the business. It only rates the miner as a hold, with a price target of $116. That implies a mid-single-digit potential rise of the Rio Tinto share price in the next 12 months.

A key reason for the rating is that shipments have been disappointing and the broker doesn’t think that Rio Tinto will perform well when it comes to the guidance.

Morgans also has a hold rating on the business, with a price target of just $114. At the moment, commodity prices are helping Rio Tinto even though it has been disappointing on the mining operations side of things.

Latest update

In the three months to 31 March 2022, Rio Tinto said that its iron ore shipments were down 15% quarter on quarter to 71.5mt. Aluminium production was down 3% quarter on quarter to 738kt and mined copper production was down 5% quarter on quarter to 125kt.

Rio Tinto share price snapshot

Despite all of the volatility in 2022, the Rio Tinto share price has managed to rise by more than 10% this year.

The post Can Rio Tinto shares deliver 20% growth AND a juicy dividend yield in the coming year? appeared first on The Motley Fool Australia.

More reading

• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Better buy, BHP or Fortescue shares?
• Analysts rate these ASX 200 dividend shares as buys
• Here’s why the Fortescue share price is surging on Monday
• How are ASX 200 mining shares responding to the election outcome?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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 you’re looking for ASX dividend shares to buy, then the two listed below could be worth considering.

Here’s what you need to know about these dividend shares:

HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share to look at is the HomeCo Daily Needs REIT. This property company invests in convenience-based assets across neighbourhood retail, large format retail, and health and services.

Goldman Sachs is a fan of the company and has a buy rating and $1.70 price target on its shares. It recently commented: “We believe HDN is undervalued at its current valuation given its diversified tenant base, and see it as well positioned to benefit from the shift to omni channel retailing, with additional external growth opportunities to drive earnings growth over the medium-term.”

The broker also expects larger than average dividends in the near term. It is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current HomeCo Daily Needs share price of $1.33, this will mean dividend yields of 6% and 6.75%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share to consider is Wesfarmers. It is the conglomerate behind brands such as Kmart, Officeworks, Priceline, Catch, Bunnings, and a wide range of industrial businesses.

Morgans is a fan of the company and has an add rating and $58.50 price target on its shares. It commented: “WES possesses one of the highest quality retail portfolios in Australia with strong brands including Bunnings, Kmart, Target and Officeworks. The company is run by a highly regarded management team and the balance sheet is healthy. While Covid-related staff shortages are proving to be a challenge, the core Bunnings division (>60% of group EBIT) remains a solid performer as consumers continue to invest in their homes. We see the recent pullback in the share price as a good entry point for longer term investors.”

As for dividends, Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $46.31, this will mean yields of 3.5% and 3.9%, respectively.

The post Experts name 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

More reading

• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Why did the Wesfarmers share price trail the ASX 200 on Monday?
• Why Nufarm, Pendal, Wesfarmers, and Westpac shares are sinking
• Why are ASX 200 retail shares getting hammered on Thursday?
• Why is the Wesfarmers share price tanking 7% on Thursday?

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 Wesfarmers 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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Share markets in both Australia and the United States are in a skittish mood.

The slightest nudge, through a new economic statistic or a few words from the head of the central bank, can send stocks plummeting or skyrocketing.

The last few weeks have been especially brutal for ASX shares, with the S&P/ASX 200 Index (ASX: XJO) plunging 6.6% since 21 April.

Yikes.

In such scary and volatile times, it’s worth looking back at the companies that changed our lives.

They once improved the way Australians do things so much that now we can’t imagine living without them.

Those “disruptors” could point to ASX shares that could roar back when markets return to optimism.

Disruptors that ‘revolutionised’ our lives

According to financial commentator Bob Kohut, there are three ASX-listed companies that fit the “disruptors” bill:

• Seek Limited (ASX: SEK)
• REA Group Limited (ASX: REA)
• Carsales.Com Ltd (ASX: CAR)

Carsales shares have risen more than 400% since listing in 2009, while Seek has gained a massive 950% since its 2005 float.

The REA stock price has skyrocketed more than 11,700% since 1999.

“Here in Australia, three companies revolutionised not only the way consumers bought homes and cars and found jobs, but also the way the businesses selling these commodities grabbed consumer attention,” Kohut said on The Bull.

“All three were founded in the mid-1990s.”

Despite the stereotype of growth stocks keeping all their earnings for reinvestment back into the business, all three ASX shares have consistently paid out dividends over the past decade.

Bright future for the trio

And all three ASX shares have faced disruptor challengers themselves, and seen them off.

“[Seek] has broadened its scope to include Seek Learning, offering educational opportunities as well as Seek Business for the selling of business and franchising opportunities, and an investment vehicle – the Seek Growth Fund,” said Kohut.

“REA considers itself as much a technology company as a media company as through the years the company has used technology to provide value-added services for its entire customer base.”

Kohut noted, despite the spectacular growth over two decades, analysts feel like it has “petrol left in its tank”.

“In FY 2020, the company saw a slight dip in revenue while still increasing its profit before rising again in FY 2021 with an 18% increase in profit and a 13% revenue increase,” he said.

“Half-year 2022 results continue unabated, with revenues rising 25% and NPAT [net profit after tax] up 33%.”

Carsales’ latest results were a “cause for investor optimism”, Kohut added.

“Both reported revenue and profit were up 22% with the largest growth (38%) coming from private sellers and buyers, due in part to a reduction in use of public transport, international travel, and work commuting.”

The post 3 ‘disruptive’ ASX companies Aussies now can’t live without appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX shares today
• What does AFIC’s ASX share portfolio look like?
• Here are the 3 most traded ASX 200 shares on Tuesday
• Looking for the world’s biggest dividend? You’ll find it right here on the ASX 200

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 REA Group Limited, SEEK Limited, 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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Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Catapult Wealth portfolio manager Tim Haselum explains why he loves the look of two healthcare ASX shares at the moment.

Hottest ASX shares

MF: What are the two best stock buys right now?

TH: The two that we like at the moment are Pro Medicus Limited (ASX: PME) and CSL Limited (ASX: CSL). They’re both very telling that they’re both in the healthcare space, right? 

Pro Medicus, it’s a high [price-to-earnings ratio] PE, growthy type stock. It may have more downside, but certainly given it’s a pretty quality company, we think it makes sense to just ease an average into it. 

This is a leading provider of imaging software that’s aggressively expanded overseas, especially the US. About 70% of revenues are from the US. It’s basically a valuation issue. The business is fantastic. The last reporting revenue was up 40%, EBIT was up 54%.

It looks like they’re the best product in the market in terms of imaging, right? For us, the expansion is just a waiting game for more hospitals to come onboard and that’s more around product life cycle and renewals. Once these other major hospitals look at their product suite, well then maybe Pro Medicus continues to win contracts. 

We think that even though it’s a high PE stock and yes, it’s getting smashed, well, if this can keep on going, this is a pretty good entry point.

And CSL — I mean, everybody knows CSL, right? It’s a growth stock that’s starting to look more like value. But you think about what they’re doing, it’s life-saving and non-discretionary healthcare. 

Even though some healthcare’s pulled back recently, when you think about the US [going] to a recession or whatever happens, what’s likely to still have good operating earnings? It’s CSL, and we know the story of some things are holding back, obviously currency’s not good, but we’ve got issues with supply for blood due to migration and borders, and demand for blood due to elective surgeries being postponed.

But they’ve got a great track history of all these acquisitions where the market says “Oh, you paid too much” [but] they turn it around. They’ve got a really good history of really adding these businesses that are aligned to their philosophy and turning them into gold. 

Both of those, even though more on the higher PE side, we think they’re good buys to slowly ease into it.

MF: Pro Medicus still has a PE ratio of more than 100, even with the share price cooling down. But you feel like the business has enough growth in it that it will catch up to the share price?

TH: What it’s done, even during the worst of COVID, when hospitals were completely clogged up, they won contracts. That’s amazing. If they could do that in those times, imagine what they can do when things are back to normal. 

It just seems across the world, when we speak to research providers, when they speak to the people on the ground, they love the product. The product is good. And it’s one of those things where you look at the numbers on one side, but you’ve got to look at the other side. Are people positive on it? The people who are actually in the know and actually using it, do they like it? They do. It does look like they have the best product.

The post The best 2 ASX shares money can buy right now: expert appeared first on The Motley Fool Australia.

More reading

• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Why has the CSL share price lagged the ASX 200 over the past week?
• 2 stellar ASX 200 growth shares analysts rate as buys
• What’s happening with ASX 200 tech shares today?
• 2 top blue chip ASX 200 shares to buy now according to experts

Motley Fool contributor Tony Yoo has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. and Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) gave back its morning gains and finished in the red. The benchmark index fell 0.3% to 7,128.8 points.

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

ASX 200 expected to rise

The Australian share market looks set to push higher on Wednesday despite a poor night of trade in the US. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.15% higher this morning. On Wall Street, the Dow Jones rose 0.15%, the S&P 500 fell 0.8%, and the Nasdaq tumbled 2.35%.

BHP demerger

The BHP Group Ltd (ASX: BHP) share price is likely to sink deep into the red on Wednesday. This is because the Big Australian’s shares are trading ex-dividend for its in-specie dividend this morning. This in-specie dividend will see eligible shareholders receive one new Woodside Energy Group Ltd (ASX: WPD) share for every 5.534 BHP shares they own. These shares have a total market value of $26.5 billion at current prices, so BHP may see its market capitalisation fall in line with this today.

Oil prices fall

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a subdued day after oil prices pulled back. According to Bloomberg, the WTI crude oil price is down 0.5% to US$109.78 a barrel and the Brent crude oil price has fallen slightly to US$113.40 a barrel. US oil prices softened amid speculation that President Biden could ban oil exports.

Pilbara Minerals’ BMX auction

The Pilbara Minerals Ltd (ASX: PLS) share price will be in focus today following the release of the results of the fifth Battery Material Exchange (BMX) auction. A cargo of 5,000 tonnes at a target grade of ~5.5% lithia was presented for sale on the platform and received a winning bid of US$5,955 per dry metric tonne (dmt). Management advised that strong interest was received in both participation and bidding by a broad range of buyers. The winning bid is an improvement on the fourth BMX auction which reported a winning bid of US$5,650 dmt.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.95% to US$1,865.4 an ounce. A pullback in the US dollar boosted the gold price.

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

More reading

• Here are the top 10 ASX shares today
• What does AFIC’s ASX share portfolio look like?
• Own ASX 200 energy shares? Here’s the ‘key risk to watch’ post election
• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Overexposed: What every Australian dividend investor needs to know

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 you’re looking for some new growth shares to buy, then it could be worth considering the three ASX shares listed below.

Here’s what you need to know about these highly rated growth shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share to look at is this pizza chain operator. Domino’s could be a top option for investors after a significant pullback in its share price. Especially those that are willing to make a long term investment. This is due to the company’s bold expansion plans, which sees it aiming to more than double its network by FY 2033. It also has the balance sheet strength to add to its network, extending its market opportunity further. Morgans is very positive on Domino’s and believes “there is meaningful upside to the current share price over the next 12 months.”

Morgans has an add rating and $100.00 price target on its shares.

Lovisa Holdings Limited (ASX: LOV)

Another ASX growth share to look at is Lovisa. It is a fast-fashion jewellery retailer with a growing global store network. Morgans is very positive on the company and has even suggested that it could “prove to be one of the biggest success stories in Australian retail.” The broker sees a huge opportunity for Lovisa to expand internationally and appears confident that it has the management team to execute on this.

Morgans currently has an add rating and $24.00 price target on its shares.

Megaport Ltd (ASX: MP1)

A final growth share to look at is this global leading provider of elastic interconnection services. It has been growing at a rapid rate over the last few years thanks to increasing demand as the structural shift to the cloud continues. Analysts at Goldman Sachs are tipping this strong form to continue. It believes Megaport’s “opportunity for further growth is immense (GSe A$129bn p.a. spent on fixed enterprise networking across MP1 geographies).”

Goldman has a buy rating and $13.10 price target on its shares.

The post 3 ASX growth shares brokers rate as buys right now 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 MEGAPORT FPO. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Lovisa Holdings Ltd, and MEGAPORT FPO. 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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