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A new month is approaching, so what better time to consider making some portfolio changes.

If you’re interested in ETFs, then you may want to consider the three listed below.  Here’s why they could be top options for investors next month:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

If you’re wanting to gain exposure to the beaten down US tech sector, then the BetaShares NASDAQ 100 ETF could be the way to do it. This ETF provides investors with access to the 100 largest non-financial shares on the NASDAQ index. Among the 100 shares included in the fund are some of the highest quality companies in the world. This includes giants such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla.

iShares Global Consumer Staples ETF (ASX: IXI)

Another ETF to look is the iShares Global Consumer Staples ETF. This fund provides investors with exposure to a large number of global consumer staples companies that produce essential products. These include food, tobacco, and household items. Because demand for these types of products is relatively consistent whatever happens in the economy, this ETF could be suitable for investors that are looking for low risk options. Among its largest holdings are giants such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to the growing video gaming market. Among the companies included in the fund are hardware giant Nvidia and game developers Take-Two and Electronic Arts. VanEck highlights that these companies are in a position to benefit from the increasing popularity of video games and eSports.

The post 3 ETFs for ASX investors in May appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares to consider amid the share market sell-off
• 3 of the best ETFs for ASX investors to buy this month
• Here are 2 excellent ASX tech ETFs to buy
• Here are 2 fantastic ETFs for ASX investors to buy
• Are these 2 leading ETFs good buys in April 2022?

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. owns and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS and iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX share market has seen significant volatility since the start of 2022.

While some investors may be looking to swoop on companies with lower share prices, a company isn’t necessarily better value just because its share price drops.

Sometimes the decline may reflect an issue with the company itself rather than the prevailing market conditions.

However, these two ASX shares could be ones to consider in the current environment:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This is an exchange-traded fund (ETF) focused on the 100 largest businesses on the NASDAQ, which is a stock exchange in North America.

The fund owns a number of the world’s largest technology businesses like Microsoft, Apple, Amazon, Alphabet, Meta (Facebook), Tesla, and Nvidia.

The NDQ ETF price has fallen almost 20% since the start of 2022. An ETF simply tracks the progress of the underlying businesses so, on average, the ASX share’s underlying holdings have dropped by almost 20% in value in Australian dollar terms.

There are a number of other businesses in the portfolio, not just the biggest tech names. These include Adobe, PayPal, Booking, Moderna, Costco, Starbucks, Intuitive Surgical, and Advanced Micro Devices.

The fund has an annual management fee of 0.48%.

Kogan.com Ltd (ASX: KGN)

Kogan is one of the largest e-commerce businesses in Australia and New Zealand.

However, its market capitalisation is now a lot lower after this year’s volatility. Since the beginning of 2022, the Kogan share price has fallen by 44%.

Yet, despite that, the company has continued to deliver scale growth. In the first six months of FY22, gross sales increased by 9.4% to $698 million. The number of active customers also increased by 9.4% to more than four million.

Kogan First subscribers are growing quickly – between the first half of FY21 and February 2022, subscribers grew 213% to over 310,000. Kogan members demonstrate “stronger loyalty and repeat purchase behaviour than non-subscribers”, according to the company.

While the company’s operations and profitability are facing issues, the ASX share points out that it’s increasing market share in a rapidly growing market. In FY21, the company’s market share grew from 2.4% to 2.7%.

In the second half of FY22, it’s expecting further growth in Kogan First subscribers, heading towards its FY26 goal of one million subscribers. It’s also expecting continued growth in the Kogan marketplace as well as improved operating leverage, which the company says is consistent with its long-term track record.

Another FY26 goal for the ASX share is $3 billion of gross sales. To reach that, Kogan aims to achieve a gross sales compound annual growth rate (CAGR) of at least 20% per annum.

The post 2 ASX shares to consider amid the share market sell-off appeared first on The Motley Fool Australia.

More reading

• 3 ETFs for ASX investors in May
• These are the 10 most shorted ASX shares
• These are the 10 most shorted ASX shares
• Here are 2 fantastic ETFs for ASX investors to buy
• Why is the Kogan share price slipping to a 4-week low on Tuesday?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. 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 no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Adobe Inc., Advanced Micro Devices, Alphabet (A shares), Amazon, Apple, BETANASDAQ ETF UNITS, Booking Holdings, Costco Wholesale, Kogan.com ltd, Meta Platforms, Inc., Microsoft, Nvidia, PayPal Holdings, Starbucks, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares) and Moderna Inc. and has recommended the following options: long March 2023 $120 calls on Apple, short April 2022 $100 calls on Starbucks, and short March 2023 $130 calls on Apple. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS and Kogan.com ltd. The Motley Fool Australia has recommended Adobe Inc., Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Booking Holdings, Meta Platforms, Inc., Nvidia, PayPal Holdings, and Starbucks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Boss Energy Ltd (ASX: BOE) share price closed lower on Tuesday following the company’s latest quarterly results.

The uranium producer’s shares finished the day at $2.67 apiece, down 2.91%.

Boss Energy share price backtracks on quarterly result

Here are some of the key highlights for the three months ending 31 March 2022:

• Net cash used for operating activities: $1.2 million (cash used for the nine months of FY to date: $3.48 million);
• Net cash used for investing activities: $0.8 million (cash used for the nine months of FY to date $1.07: million);
• Net cash used for financing activities: $89.71 million (cash used for the nine months of FY to date: $89.71 million); and
• Unrestricted cash and cash equivalents at the end of the quarter of $106.01 million, up from $18.31 million in the previous quarter.

What happened in the March quarter for Boss Energy?

According to its statement, Boss Energy advised it will make a final investment decision (FID) early next month on the flagship Honeymoon uranium mine in South Australia.

During the quarter, the company completed its pivotal front-end engineering design (FEED) study.

It also secured $125 million through a capital raise to fund the development of its Honeymoon project. This includes $113 million of estimated capital development costs for re-starting Honeymoon.

The FID is expected after completion of the tranche two placement on or around 5 May 2022. Thereafter, the company will immediately begin with detailed engineering, procurement, and construction works.

Management is looking to produce the first uranium at Honeymoon within 12 to 18 months of FID.

What did management say?

Boss Energy managing director Duncan Craib commented on the company’s progress, saying:

We are moving even more rapidly than we expected towards achieving our goal of becoming Australia’s next uranium producer.

During the quarter, we completed the FEED study, which confirmed that the cost estimates in the Enhanced Feasibility Study remain accurate

This was followed by the $125m equity raising, which was heavily over-subscribed.

In parallel with these major achievements, the uranium price continued to increase sharply. As a result, the value of our 1.25M-pound stockpile of U308 has nearly doubled to A$95M since we acquired it a year prior in March 2021.

The combination of our highly successful raising and the valuable stockpile means we are fully funded through to production and cashflow at Honeymoon.

As a result of this rapid progress on numerous fronts, we have entered the June quarter in a highly enviable position with preparation underway to make a FID and begin negotiations on offtake contracts.

Despite today’s drop, the Boss Energy share price has gained almost 150% in the past 12 months.

The post Boss Energy share price dips despite quarter ending in ‘highly enviable position’ appeared first on The Motley Fool Australia.

More reading

• Why are ASX uranium shares getting so much attention right now?
• Why have ASX uranium shares bolted out of the gate today?
• How did ASX uranium shares perform last quarter?
• Here’s why the Boss Energy share price is rocketing 8% on Friday
• Why Boss Energy, GrainCorp, Pro Medicus, and Select Harvests are pushing higher

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 Bruce Jackson.

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The Chalice Mining Ltd (ASX: CHN) share price slipped 8% on Tuesday. Investors sold off or reduced their positions in Chalice today following the release of the company’s quarterly activities report.

The Chalice Mining share price closed at $6.50, after gliding down from a high of $6.85 early this morning.

The graph below shows the company’s share price has been on a downward trajectory since it spiked in November 2021.

Chalice share price slides on quarterly results

Highlights from the quarter include:

• Wide spaced step-out drilling is continuing at Gonneville with another Mineral Resource update targeted for June 2022.
• Eight of 70 planned sites have been drilled at Hartog to date, with final approvals imminent on access restrictions
• A new magnetic feature identified at the Flinders target at Gonneville
• Scoping Study for initial mine development at Gonneville targeted for Q3 2022
• Ended the quarter with approximately $54.5 million in cash.

What else happened this quarter for Chalice Mining?

The company says that resource definition and extensional drilling at the Gonneville deposit continued on company-owned farmland during the quarter.

Additional drilling outside of the deposit has revealed further mineralisations and “extend[ed] the high-grade zones up to 400m beyond the limit of the current Resource pit shell,” Chalice notes.

The release notes that Chalice is also in ongoing “access discussions” to obtain what it calls “the Julimar State Forest, Bindoon Training Area and private farming properties”.

Otherwise, Chalice gave an in-depth presentation of each of its resource estimates and updates on each of its respective assets.

What’s next for Chalice?

Chalice says that it is continuing baseline environmental surveys at its Julimar site. These include ground water, surface water, flora, fauna, and dieback studies, according to the company.

“The intention is to compile sufficient baseline environmental data to support a potential project referral, expected in early 2023,” it mentioned.

With respect to exploration drilling at its Hartog target, a total of 70 drill sites are planned across the target area. This will extend from Hartog to Dampier.

Chalice notes that high-priority targets will be drilled and tested once final permitting approvals have been received.

Chalice Mining share price snapshot

In the last 12 months, the Chalice Mining share price has remained even.

This year to date, though, it has fallen 32% into the red after a 12% loss this past month.

The post Here’s why the Chalice Mining share price slid 8% today appeared first on The Motley Fool Australia.

More reading

• Why Chalice Mining, EML Payments, Mineral Resources, and South32 shares are tumbling
• All that glitters isn’t gold: Here are the worst performing ASX mining shares of the quarter

Motley Fool contributor Zach Bristow 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 Bruce Jackson.

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The Insurance Australia Group Ltd (ASX: IAG) dividend fell at its most recent earnings season which disappointed investor expectations.

After reaching a high of $4.93 on 24 February, the insurance giant’s shares have tumbled almost 15% over the following month.

Since then, its shares have moved in circles following the company’s update on the widespread flooding affecting Australia’s east coast.

At Monday’s market close, IAG finished 2.47% lower at $4.34.

The IAG dividend in a nutshell

Based on the company’s cash earnings of $176 million, the IAG Board declared an unfranked interim dividend of 6 cents per share. The latest dividend represents a 14.2% decline from the 7 cents declared in the prior comparable period.

Management noted that the latest dividend equates to a payout ratio of 84% of cash earnings. This is in line with the company’s dividend policy to distribute 60%-80% of cash earnings in any full financial year.

IAG has a current trailing dividend yield of 4.38%, which is higher than the sector average of 3.8%.

So, how does this stack up against QBE?

When compared with its peer, the QBE board elected to pay a final dividend of 19 cents per share. This brought the FY21 dividend to 30 cents per share, up from 4 cents per share in 2020.

The dividend reflects a payout of 41% of QBE’s adjusted cash profit.

While recognising the improving profitability, the board revised the group’s dividend policy to 40-60% of annual adjusted cash profit. Previously, this was from “up to 65% of adjusted cash profit”.

QBE stated it wants to retain capital to support growth ambitions and facilitate normalisation of its investment asset risk profile.

On a trailing dividend yield basis, QBE stands at 2.51%.

As you can see, IAG is more generous to its shareholders with a bigger dividend yield compared to QBE.

However, it’s worth noting that the latter’s share price has risen almost 5% in a month while IAG shares have fallen by 3%.

Are IAG shares a buy?

A number of brokers weighed in after the company released its half year results in mid-February.

Analysts at Morgans slapped a hold rating on the IAG share price, cutting its price target by 3.8% to $5.12.

On the other hand, Citi and JP Morgan raised their price targets by 2.7% to $5.75, and 0.9% to $5.50 respectively. Based on the current share price, this implies an upside 32% and 26% respectively on both brokers’ assessments.

IAG commands a market capitalisation of roughly $10.97 billion.

The post How does the IAG dividend compare to QBE? appeared first on The Motley Fool Australia.

More reading

• The IAG share price has lost 10% since February. Is it an opportunity?
• How did the IAG share price compare to its sector in the March quarter?
• How did the IAG share price stack up in the March quarter?
• The IAG share price has dumped 5% in 2 weeks. What’s happening?
• Why did the IAG share price underperform the ASX 200 by 11% in March?

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 owns 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 Bruce Jackson.

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It was a rough day to be an ASX All Ordinaries Index (ASX: XAO) share. The index finished the day down 2.11%, marking today as its worst since February.

But, ironically, some of its most besieged constituents finished in the green.

Let’s take a look at which struggling ASX All Ordinaries shares enjoyed a day in the sun.

Three embattled All Ordinaries shares trading higher

Appen Ltd (ASX: APX)

It’s been struggling over the last 20 months but the Appen share price dodged much of today’s carnage.

Shares in the artificial intelligence provider have tumbled 83% since their peak in August 2020.

But today, the ASX All Ordinaries tech share closed 1.51% higher at $6.73.

Meanwhile, many of its peers on the S&P/ASX All Technology Index (ASX: XTX) suffered losses today. The index closed 1.52% lower.

Ansell Limited (ASX: ANN)

The Ansell share price also closed in the green on Tuesday. The medical gloves manufacturer finished 0.88% higher today at $26.38 after hitting $26.80 in intraday trade.

There’s been no news from the COVID-19 winner today. However, reports have emerged claiming Ansell is planning to shut down its Russian glove-making factory in June, just in time for its first birthday.

The company’s decision to stop production at the plant follows Russia’s invasion of Ukraine.

Ansell is getting ready to suspend operations at the factory indefinitely, according to the Australian Financial Review.

The ASX All Ordinaries stock has tumbled 31% over the last 12 months, seemingly driven by its results for financial year 2021.

The company’s stock dropped 9% on the release of its full-year results. It hasn’t managed to claw its way out of the dip yet.

While the Ansell share price kept its head above water, the company’s home sector, the S&P/ASX 200 Health Care Index (ASX: XHJ), wasn’t so lucky. It closed down 0.75%.

Block Inc (ASX: SQ2)

The Block share price also finished in the green today despite its recent struggles. It closed 1.96% higher at $148.86.

The ASX All Ordinaries share is also listed in New York where its day in the green might have been born. The Block Inc (NYSE: SQ) share price launched 4.5% during Monday’s session overseas, reaching US$107.38.

Additionally, the company hit headlines over the weekend after its CEO and chair Jack Dorsey officially changed his title to Block head.

The interesting amendment – which doesn’t signal any change in responsibilities – was disclosed in an SEC filing on Friday.

And that’s not the only reason Dorsey’s name has popped up in the news today. Of course, he is the co-founder and former CEO of Twitter Inc (NYSE: TWTR).

The social media company has been purchased by Tesla Inc (NASDAQ: TSLA) CEO and the world’s richest person Elon Musk.

Musk is planning to remove Twitter from investors’ portfolios, taking the company private. Commenting on Musk’s takeover, Dorsey tweeted:

In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.

— jack (@jack) April 26, 2022

https://platform.twitter.com/widgets.js

The All Ordinaries share has slumped 15% since it hit the ASX in January following the company’s takeover of Afterpay.

The post 3 beaten-up ASX All Ordinaries shares that surged higher today appeared first on The Motley Fool Australia.

More reading

• Have ASX tech shares finally reached the bottom?
• Appen shares may be at a 5-year low, but their dividend yield has never been higher
• 2 top ASX dividend shares to think about
• Own ASX BNPL shares? These were the best performers of the March quarter
• Why did the Appen share price rise by a strong 5% today?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Block, Inc., Tesla, and Twitter. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended Ansell Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once a 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:

• Flight Centre Travel Group Ltd (ASX: FLT) continues to be the most shorted ASX share with short interest of 18%. Despite travel markets beginning to improve, short sellers aren’t willing to give up on this one.
• Betmakers Technology Group Ltd (ASX: BET) has seen its short interest rise to 12.6%. Short sellers will have been disappointed to see this betting technology company’s shares surge higher last week after revealing a major sports betting agreement.
• Nanosonics Ltd (ASX: NAN) has short interest of 12%, which is up strongly week on week. A major and potentially disruptive change to this infection prevention medical device company’s sales model in the United States has created significant uncertainty.
• Webjet Limited (ASX: WEB) has short interest of 10.4%, which is up sharply week on week. Short sellers aren’t giving up on this online travel company. They may believe the market is too bullish on its recovery.
• Polynovo Ltd (ASX: PNV) has seen its short interest rise to 9.2%. Although this medical device company released a promising trading update earlier this month, short sellers haven’t been scared off. They may believe its recovery is temporary.
• EML Payments Ltd (ASX: EML) has seen its short interest rise remain flat at 9.5%. Short sellers will have been celebrating today when a profit guidance update sent this payments company’s shares crashing lower by over a third.
• Zip Co Ltd (ASX: ZIP) has seen its short interest rise to 9.2%. Short sellers will have been pleased to see this buy now pay later provider’s shares crash to a new multi-year low last week following its update.
• Kogan.com Ltd (ASX: KGN) has seen its short interest bounce back to 9.1%. Concerns over its lack of organic sales growth, rising marketing costs, and inventory issues have been weighing on this online retailer’s shares.
• AMA Group Ltd (ASX: AMA) has 8.4% of its shares held short, which is up sharply week on week. Short sellers have been building up their positions since the crash repair company disappointed the market with a half year loss of $46.3 million.
• Mesoblast limited (ASX: MSB) has seen its short interest edge higher to 7.9%. Disappointing trial results and significant cash burn have been weighing on this biotech’s shares.

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

More reading

• Why Chalice Mining, EML Payments, Mineral Resources, and South32 shares are tumbling
• Is the Zip share price set to sink below the $1 mark for the first time since 2018?
• Have ASX tech shares finally reached the bottom?
• ASX 200 stocks dive 2.4% in worst trading day since Ukraine crisis hit
• EML share price crashes 35% amid guidance cuts

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. owns and has recommended Betmakers Technology Group Ltd, EML Payments, Kogan.com ltd, Nanosonics Limited, POLYNOVO FPO, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended EML Payments, Kogan.com ltd, and Nanosonics Limited. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Megaport Ltd (ASX: MP1) share price has just had a week to forget.

Last week, the network-as-a-service (NaaS) provider’s shares lost 28% of their value.

This was driven by the release of Megaport’s latest quarterly update, which revealed much softer than expected growth.

Is the Megaport share price good value now?

While the team at Goldman Sachs was disappointed with Megaport’s quarterly update, it remains positive on the company’s long term future and thinks investors should consider buying the dip.

According to the note, the broker has retained its buy rating but has taken an axe to its valuation. The latter is now $13.10, which is down 34% from its previous price target of $19.90.

Nevertheless, based on the current Megaport share price of $8.94, this new price target implies potential upside of 46% for investors over the next 12 months.

What did the broker say?

Goldman appeared surprised by the company’s performance during the third quarter, but remains confident that things will improve at its rapid growth will soon resume. It said:

“Alongside FX headwinds, we believe the lower-than-expected growth in 3Q22 was driven by operational impacts from shifting to the partner channel go-to-market, which was reported to have (1) taken more time in training, integration and support to onboard partners (delaying partner/MVE growth); with this (2) also having an impact on direct sales teams which are currently being required to handle nearly all indirect transactions (delaying core business sales).

While impacting near term efficiency, once this is resolved, both direct and indirect channels should be able to deliver a re-acceleration in growth.”

Why is it still bullish?

While Goldman has downgraded its revenue estimates, and therefore its price target on the Megaport share price, its analysts remain bullish due to the company’s significant long term growth potential.

The broker explained:

“These revenue downgrades reflect a misstep in partner channel execution, alongside FX. However the long term opportunity for MP1 is unchanged, given (1) the growth in cloud/multi-cloud demand; (2) efficiency benefits from network ‘softwarisation’; and (3) MP1’s product lead (noting competitor Console Connect announced their Cloud Router product last week, c.4 years after Megaport). Hence, with MP1 shares -29% post 3Q22 results (vs. ASX200 -1%) we believe this misstep is now priced in. We re-iterate our Buy on MP1 into the expected improved 4Q22 performance. “

The post Top broker tips Megaport share price to rebound 45% appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Brokers name 2 ASX shares to buy after the tech selloff
• These were the worst performing ASX 200 shares last week
• The Megaport share price just tumbled another 10%. Is it now a super bargain?
• Brokers name 3 ASX shares to buy 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. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was out of form on Tuesday. The benchmark index started the week with a disappointing 2.1% to 7,318 points.

Four ASX shares that have managed to avoid the selloff today are listed below. Here’s why they are pushed higher:

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo share price climbed 3% to $18.27. This morning the lottery ticket seller presented at the Goldman Sachs Emerging Leaders Conference. At the conference, management spoke about its ~$70 billion market opportunity across lottery retailing, software as a service, and managed services.

Nufarm Ltd (ASX: NUF)

The Nufarm share price rose 2% to $6.89. Investors were buying this agricultural chemicals company’s shares after it provided guidance for the first half. Due to strong demand for its crop protection and seed products, Nufarm expects to report half year underling EBITDA of $320 million to $340 million. This is up from $233.6 million during the prior corresponding period, which itself was up 118% from the prior year.

Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price surged 23% higher to $1.18. This morning the donation technology company released an announcement revealing that it has received takeover interest from unnamed third parties. Pushpay neglected to go into any further details, so it remains unclear how serious the offers are and how much has been tabled.

Vulcan Steel Ltd (ASX: VSL)

The Vulcan Steel share price charged 4% higher to $9.50. This morning the steel company revealed that its revenue for the nine months ended 31 March was up 34% year on year to NZ$700 million. In light of this strong form, Vulcan Steel has increased its EBITDA guidance to NZ$212 million to NZ$218 million. It was previously guiding to EBITDA of NZ$150 million and NZ$160 million.

The post Why Jumbo, Nufarm, Pushpay, and Vulcan Steel charged higher appeared first on The Motley Fool Australia.

More reading

• Food anxiety: experts pick 2 ASX shares riding the agriculture boom
• In a sea of red, this ASX All Ordinaries share is surging 5%. Here’s why
• Pushpay share price soars 23% following takeover approach
• Are these 2 ASX tech shares buys in April?
• Top ASX dividend shares to buy in April 2022

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. owns and has recommended Jumbo Interactive Limited and PUSHPAY FPO NZX. The Motley Fool Australia owns and has recommended PUSHPAY FPO NZX. The Motley Fool Australia has recommended Jumbo Interactive Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian Stock Exchange has a number of high-quality S&P/ASX 200 Index (ASX: XJO) shares within its ranks. Experts have named some of them as buys.

ASX 200 shares are large enough that some of them are the biggest in their sector in Australia.

These two ASX 200 blue-chip shares are liked by leading brokers:

Goodman Group (ASX: GMG)

Goodman describes itself as an integrated property group – it owns, develops and manages property.

The business has a global portfolio of industrial properties and projects. Its total assets under management (AUM) was $68.2 billion at 31 December 2021.

Looking at the rental side of the business, the portfolio occupancy was “high” at 98.4% and like for like net property income growth was 3.4% in the FY22 half-year result.

It also has a large amount of development work in progress (WIP). In HY22, the WIP was $12.7 billion across 81 projects with a forecast yield on cost of 6.7%.

Goodman says that its strategy of providing essential infrastructure for the digital economy is “delivering” and it’s performing “strongly” across all segments. The ASX 200 blue-chip share says that the operating outlook for the business is “strong”.

Due to the level of the performance, Goodman recently upgraded its market guidance for FY22 with operating earnings per security (EPS) growth projected to be 20%.

It’s currently rated as a buy by the broker Morgan Stanley, with a price target of $27.88. That implies a potential upside of almost 20% over the next year.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is a diverse ASX 200 blue-chip share, though most of its earnings come from its retail operations. The retail businesses it owns include Bunnings, Kmart, Target, Officeworks and Catch.

In the six months to December 2021, over two thirds of Wesfarmers’ earnings before tax (excluding significant items) came from Bunnings. However, there are multiple businesses within the Bunnings division that can help longer-term earnings including Tool Kit Depot and Beaumont Tiles.

At the moment, growth has slowed for the retail businesses after the COVID boom. However, the ASX 200 blue-chip share is looking to other industries to expand and diversify the business.

Management said with Wesfarmers’ FY22 half-year result that it is delivering good progress on the construction of the Mt Holland lithium project. It has also acquired the Australian Pharmaceutical Industries business which will be the start of a health, wellbeing and beauty segment.

Wesfarmers has told investors of the difficulties that its supply chain is facing, but the company’s retail businesses will continue to focus on price leadership for customers.

It’s currently rated as a buy by the broker Morgans. The price target is $58.50, suggesting potential upside of almost 20% over the next year. Morgans’ projections suggest that the Wesfarmers share price is valued at 23’s estimated earnings.

The post 2 high-quality ASX 200 shares experts rate as buys appeared first on The Motley Fool Australia.

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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 owns and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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