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If you’re on the lookout for some generous dividend yields for your income portfolio, then it could be worth checking out the two ASX dividend shares listed below.

Here’s what analysts are saying about them:

Baby Bunting Group Ltd (ASX: BBN)

The team at Morgans thinks that this beaten down baby products retailer could be an ASX dividend share for income investors to buy.

While it was not overly impressed with its performance during the first half, it thinks investors should stick with it. Morgans has faith that management’s strategy is the right one to turn things around and drive growth.

For now, the broker is forecasting fully franked dividends per share of 9.5 cents in FY 2024 and then 12.4 cents in FY 2025. Based on the current Baby Bunting share price of $1.60, this will mean dividend yields of 6% and 7.8%, respectively.

Morgans has an add rating and $2.00 price target on the company’s shares.

Suncorp Group Ltd (ASX: SUN)

Over at Goldman Sachs, its analysts think that Suncorp could be an ASX dividend share to buy right now.

It is the insurance company behind brands including AAMI, Apia, Bingle, CIL Insurance, GIO, Shannons, Terri Scheer, and Vero.

Goldman likes the company due largely to “the tailwinds that exist in the general insurance market – i.e., very strong renewal premium rate increases and the benefit of higher investment yields.”

The broker is expecting these tailwinds to underpin the payment of fully franked dividends per share of 75 cents in FY 2024 and 80 cents in FY 2025. Based on the current Suncorp share price of $14.19, this will mean yields of 5.3% and 5.6%, respectively.

Goldman has a buy rating and $15.00 price target on the company’s shares.

The post Buy these ASX dividend shares with 5%+ yields appeared first on The Motley Fool Australia.

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More reading

• Morgans names the ASX cyclical shares to buy for earnings season
• Brokers say these ASX 200 dividend shares are buys
• Why Appen, Baby Bunting, Cooper Energy, and Liontown shares are sinking today
• 3 ASX small-cap shares I’d buy for the long-term
• Analysts say these 3 ASX dividend stocks are buys with big yields

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) returned to form and record a decent gain. The benchmark index rose 0.45% to 7,615.8 points.

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

ASX 200 expected to open flat

The Australian share market looks set for a flat session on Thursday despite a solid night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day flat this morning. In late trade on Wall Street, the Dow Jones is up 0.45%, the S&P 500 has risen 0.8%, and the Nasdaq is 0.9% higher.

Oil prices rise

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good day after a decent night for oil prices. According to Bloomberg, the WTI crude oil price is up 0.7% to US$73.84 a barrel and the Brent crude oil price is up 0.7% to US$79.15 a barrel. Slower than expected production growth in the US boosted prices.

REA results

REA Group Ltd (ASX: REA) shares will be on watch today when the property listings company releases its half year results. According to a note out of Goldman Sachs, it is expecting EBITDA of $416 million and earnings per share of $1.85. This is broadly in line with the consensus estimate of $417 million and $1.87 per share. Goldman also notes that it will be looking at its “2H24 cost outlook given stronger market trends.”

Gold price flat

ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft session after the gold price traded flat overnight. According to CNBC, the spot gold price is steady at US$2,051.2 an ounce. Traders appear undecided about where rates and gold are heading in the near term.

AGL half-year update

The AGL Energy Limited (ASX: AGL) share price will be in focus today when the energy giant releases its half year results. Investors may want to see if AGL remains on track to achieve its full year guidance. It is guiding to FY 2024 underlying EBITDA of between $1,875 million and $2,175 million underlying net profit between $580 million and $780 million.

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

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More reading

• Why this US forecast just lifted my 2024 outlook for the Woodside share price
• Here are the top 10 ASX 200 shares today
• This ASX All Ords stock is surging 6% amid multiple broker upgrades
• Santos shares incinerate 8% as Woodside walks away
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and REA Group. The Motley Fool Australia has recommended REA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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After a couple of years of severe underperformance, many experts have been tipping 2024 could be the year when ASX small-cap shares come roaring back.

Already some green shoots have popped up.

The analysts at LSN Emerging Companies Fund have invested in a couple of those, and have explained why they are bullish:

‘Higher barriers to entry and attractive long term cash flows’

Financial services provider EQT Holdings Ltd (ASX: EQT) enjoyed an 8% rise in share price in January, all while delivering a 3.5% fully franked dividend yield. 

The LSN analysts are looking forward to more of the same.

“Strong growth in funds under management, tailwinds from rising equity markets and the benefits from its AET acquisition will see earnings compound 17% over the next 3 years,” read their memo to clients.

Both Ord Minnett and Wilsons agree with the LSN team, rating EQT shares a strong buy, according to CMC Invest.

The LSN memo noted that the company is led by “a capable management team”.

“We think the company is well positioned to deliver substantial returns for shareholders over the years ahead with recent M&A in the sector further highlighting the higher barriers to entry and attractive long term cash flows these businesses produce.”

The small cap that’s been the exception to the rule

MMA Offshore Ltd (ASX: MRM) has defied the small-cap malaise for a while now, doubling its share price over the past 12 months.

It’s an incredible 350% rise if you go back two years.

After the stock added another 11.2% last month, the LSN team admitted they took some profits — but it still holds MMA Offshore for the long run.

“MMA Offshore has enjoyed a meteoric share price rise over the past two years as the marine and subsea service sector benefits from strong demand and limited supply of vessels.”

The turnaround in the business has been remarkable.

“MMA has transformed from a loss-making company saddled with onerous debt obligations to now generating around $50 million profit and balance sheet with net cash.

“The outlook remains favourable given increasing customer capex, particularly in offshore wind and rig decommissioning projects.”

It’s no wonder all five analysts surveyed on CMC Invest insist MMA Offshore is still a strong buy.

The post ‘Substantial returns over years ahead’: 2 ASX small caps starting 2024 with a bang appeared first on The Motley Fool Australia.

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More reading

• 3 no-brainer ASX stocks I’d buy before a bull run
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• I’d invest in these 2 ASX shares for a real shot at $1 million
• Up 140% in 13 months, experts are still backing this ASX stock for the long run

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 Mma Offshore. 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’s a no-brainer that the ASX shares most impacted by 13 interest rate rises would be in the finance sector.

With rates nearing their peak, and maybe even a cut looming soon, the analysts at Celeste Funds recently named two such small-cap stocks that they think will shoot up in the coming period.

Let’s check out why they’re bullish:

A ‘sound’ and ‘well-capitalised’ business

Judo Capital Holdings Ltd (ASX: JDO) will certainly be happier when its small and medium-sized business clientele have more confidence to borrow.

Maybe it’s already starting to happen, with the shares rocketing an amazing 18% in January.

The Celeste team, in a memo to clients, attributed the excitement to a trading update.

“Front book lending margins expanded, reflecting the attractiveness of Judo’s customer proposition and resulted in a net interest margin (NIM) of 3.02%.”

This boost in margin fed into an improved bottom line.

“This saw 1H24 profit before tax of $67 million, ahead of consensus estimates.”

The full year prospects remain positive.

“Ongoing cost management should result in a FY24 cost-to-income ratio of 55-57%. Credit quality remains sound and the business is well-capitalised.”

The small-cap looking good for a major comeback

As a debt buyer, Credit Corp Group Limited (ASX: CCP)’s prospects are brighter when consumers are struggling.

However, last year was a shocker for its stock price as the US arm performed poorly.

But the shares rose 6.2% last month, perhaps ushering in a new phase of revival.

“Pleasingly, US collections productivity has shown steady improvement over 2023 following a challenging 2022,” read the Celeste memo.

“The US delinquency environment has stabilised since the AGM, with debt ledger prices significantly lower.”

This improvement has allowed the company to narrow down its full-year purchasing guidance towards the top end of the previously mentioned range.

“Australian collections lagged as system volumes remained subdued, however prudent management saw relatively flat cost metrics. 

“The lending business experienced strong demand, with net lending guidance upgraded from $50 million to $145 million.”

The Celeste team’s peers are largely in agreement, with six out of nine analysts surveyed on CMC Invest rating Credit Corp as a strong buy.

The post 2 small-cap ASX shares licking their lips over interest rate cuts appeared first on The Motley Fool Australia.

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More reading

• Why Credit Corp, Playside, QBE, and Skycity shares are pushing higher today
• Why Credit Corp, Incitec Pivot, Sayona Mining, and Weebit Nano shares are dropping
• Morgans names the ASX cyclical shares to buy for earnings season
• 5 things to watch on the ASX 200 on Wednesday
• Morgans names 7 small-cap ASX shares to buy for earnings season

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Judo Capital. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price is, as you’d expect, highly influenced by global gas and oil prices.

While the oil price and gas price don’t move in lockstep, the two do tend to trend higher and lower together.

Here’s what I mean about the Woodside share price and the oil price.

On 28 September, Brent crude oil was trading for US$96.55. Shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas stock closed the day trading for $36.69 apiece.

By 13 December, the Brent crude oil price had fallen to US$74.26 per barrel. Woodside stock dropped more than 18% over that same period to close the day at $30.02 a share.

The oil price has undergone some ups and downs since then, with more ups than downs seeing Brent crude currently trading for US$78.59 per barrel. Alongside that uptick in the oil price, the Woodside share price is up 9% since 13 December.

So, what’s all this about a promising forecast out of the United States?

Why US oil producers could boost the Woodside share price in 2024

The US has always been sitting on a small ocean of oil. But much of it is locked up in oil shale rock fragments.

It wasn’t until revolutionary technology advancements, which made unlocking that oil from the shale economically viable, that US shale production began to boom in 2008.

By 2018 the US had unseated Saudi Arabia and Russia to become the world’s top crude oil producer. And as it produces more crude, the oil price – and by connection the Woodside share price – tends to get pressured.

Which brings us to the latest forecast from the US Energy Information Administration (EIA).

According to the EIA, US crude oil production reached an all-time high in December of more than 13.3 million barrels per day (b/d).

The EIA noted that, “Crude oil production fell to 12.6 million b/d in January because of shut-ins related to cold weather.”

That drop in US production likely helped boost the Brent crude oil price by 7.6% in January. A month that saw the Woodside share price gain 4.4%.

Looking ahead, the EIA said:

We forecast production will return to almost 13.3 million b/d in February but then decrease slightly through the middle of 2024 and will not exceed the December 2023 record until February 2025.

Atop a retrace in US oil output, which would come atop the recently extended production cuts from OPEC+ members, the EIA noted that “ongoing risks of supply disruptions in the Middle East create the potential for crude oil prices” to run hotter than its mid-2024 forecast of around US$85 per barrel.

With this decreased US supply forecast in mind, it’s not only my outlook for the Woodside share price that’s been lifted.

A rising oil price could also usher in boosted Woodside dividends in 2024.

Having paid out $3.40 in fully franked dividends over the past 12 months, Woodside stock trades on a trailing yield of 10.4%.

Looking further ahead, Woodside could face fresh headwinds out of the US in early 2025. The EIA expects the US will notch new record oil production levels in February 2025.

What happened with the Santos merger deal?

In other news that gave the Woodside share price a handy boost on Wednesday, CEO, Meg O’Neill announced that the company had ceased discussions regarding a potential merger with Santos Ltd (ASX: STO).

That merger had been expected to come at a premium for Woodside with Santos shareholders more likely to benefit.

The post Why this US forecast just lifted my 2024 outlook for the Woodside share price appeared first on The Motley Fool Australia.

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More reading

• Santos shares incinerate 8% as Woodside walks away
• 5 things to watch on the ASX 200 on Wednesday
• 7 must-see results this ASX reporting season before buying or selling
• Morgans names the best ASX 200 stocks to buy in February
• $20,000 in savings? Here’s how I’d try to turn that into $1,463 a month of passive income

Motley Fool contributor Bernd Struben 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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Even though the US and Europe have seen troubles in their banking sector, the major ASX banks have been going gangbusters.

The ANZ Group Holdings Ltd (ASX: ANZ) share price, for example, has rocketed 22.5% since late March last year, and National Australia Bank Ltd (ASX: NAB) has lifted more than 27% since June.

So, right now, which is the better buy?

Let’s break it down:

ANZ vs NAB shares

Firstly, let’s compare the dividends.

ANZ hands out a better dividend yield of 6.4% but it is only 56% franked. While NAB shares currently pay out 5.2%, they are fully franked. 

So ultimately there is not a huge difference on that metric.

In the 2023 financial year that ended September, ANZ made $7 billion net profit on 1.7% net interest margin (NIM). NAB managed $7.4 billion on 1.5% NIM.

Again, not much in it.

What do the experts think?

According to CMC Invest, a lukewarm 6 out of 17 analysts rate NAB shares as a buy. ANZ’s endorsement rate is only marginally better with 7 buy ratings from 16 analysts.

It’s a tough choice.

Do you even have to buy a bank?

Perhaps the bigger question is whether it is currently worth buying bank shares at all.

The analysts at VanEck recently pointed out that “the rally in bank [stock] prices has stretched their valuations”. 

“Australia’s banks, when compared globally, are also the most expensive in the developed world by 12-month forward price to earnings and price to book,” they said on the VanEck blog.

“While Australia’s prospects for a soft landing have improved for 2024, the market seems to be pricing a dream scenario for the banks despite the risks of increased mortgage stress in a prolonged higher interest rate environment.”

Also, the banking sector can be irrationally competitive.

The VanEck memo reminded investors that only a few months ago, Australian banks waged a vicious home loan price war against each other. 

This ate into their NIMs at a time when interest rates had increased 12 times in just over a year.

“Each of Australia’s ‘Big 4’ banks face continuing headwinds in 2024. 

“A subdued economic outlook and potential RBA rate cuts could see the Big 4 banks’ net interest margins continue to deteriorate.”

So which is the better bank buy? 

Maybe neither.

The post Better ASX bank buy: ANZ or NAB shares? appeared first on The Motley Fool Australia.

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More reading

• ASX news: ANZ share price hits new 52-week high
• NAB share price dips as CEO steps down
• Want to buy ASX 200 bank shares? You need to read this
• Buying NAB shares? Here’s why your dividend yield is down 20% in 8 months
• 1 ASX dividend giant I’d buy before ANZ shares for February onwards

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Most Australians would be aware that they have a superannuation fund. After all, that’s where 11% of our salary gets deposited every time we get paid – certainly not a trivial sum of cash. But if you asked most Australians where their super is actually invested, whether that be in ASX shares or not, I’d wager that most would have no clue.

Normally, when we start our first, or even a new job, we’re asked what super fund we’d like our money deposited into. You will then be likely asked by whatever fund you’ve chosen which risk profile you’d like to be in. The most common option is a ‘balanced’ fund. But there are usually other choices such as ‘conservative’ or ‘high growth’ available.

And for most Australians, that’s where the dedicated thought tends to end – at least until you reach a certain age and turn your thoughts to retirement planning.

But I think it’s a good idea for every Australian to have at least a fair idea of where their money is being invested. After all, your super fund is the best shot at a comfortable retirement for most of us. So paying attention to where 11% of your salary is going is probably a sound move.

So how do you know which ASX shares your superannuation is invested in?

Finding the ASX shares your super fund is invested in

For most people, your first and last stop will be the superannuation fund itself.

Every super fund runs a slightly different investment portfolio for its members. But for most superannuation funds, you can bet that a good chunk of your money is being used to buy shares – both ASX shares and international stocks.

Super funds have a duty to maximise the potential returns of their members, accounting for their risk profiles. And the asset class that consistently delivers the highest returns are ASX and international shares.

As an example, we’ll look at the largest super fund in Australia – AustralianSuper.

Like almost all funds, AustralianSuper offers a range of different investing options. But the most popular is the ‘balanced fund’.

Balanced funds are named due to their exposure to a variety of different asset classes. These typically include ASX and international shares but also cash, bonds and property. This is done to balance the search for high returns with a desire to reduce portfolio volatility.

In AustralianSuper’s case, the fund tells us that currently (as of 30 September), its balanced superannuation portfolio is weighted 21.2% to ASX shares. A further 25.5% is weighted to international shares.

You have to dig a little deeper to find out exactly which investments these asset classes are made up of. But the fund’s most recent data tells us that the largest holdings in the AustralianSuper balanced portfolio come down to BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), CSL Limited (ASX: CSL), Microsoft Corporation (NASDAQ: MSFT) and National Australia Bank Ltd (ASX: NAB).

Other significant holdings include Amazon.com Inc (NASDAQ: AMZN), Woodside Energy Group Ltd (ASX: WDS) and Woolworths Group Ltd (ASX: WOW).

Every portfolio is different

AustralianSuper employs an actively managed strategy, meaning a team of investors decide which individual stocks will be included in its super funds. Both other superannuation providers might offer a simpler approach that just uses index funds and exchange-traded funds (ETFs). Indeed, many give us the choice of which strategy to pursue.

So if you’re wondering which ASX shares are in your own super portfolio, head to its website. And if that fails, give your fund a call. Chances are, you’ll be able to find out without too much hassle.

The post How do you know which ASX shares your superannuation is invested in? appeared first on The Motley Fool Australia.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Amazon, CSL, Microsoft, and National Australia Bank. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, CSL, and Microsoft. The Motley Fool Australia has recommended Amazon and CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The GQG Partners Inc (ASX: GQG) share price is charging higher on Wednesday.

In afternoon trade, the fund manager’s shares are 7% to a 52-week high of $2.13.

Why is the GQG share price racing higher?

Investors have been bidding the company’s shares higher today in response to the release of its latest funds under management (FUM) update.

According to the release, GQG’s FUM increased by an impressive 5.3% in January to US$127 billion.

This comprises International Equity FUM of US$49.2 billion (up 5.8%), Global Equity FUM of US$33 billion (up 5.75%), Emerging Markets Equity FUM of US$35.1 billion (up 4.5%), and US Equity FUM of US$9.7 billion (up 4.3%).

As a comparison, as we covered here on Tuesday, fellow fund manager Magellan Financial Group Ltd (ASX: MFG) released its FUM update for January and revealed just a 1.4% increase to A$36.3 billion. That is only modestly better than the performance of the ASX 200 index, which rose 1.2% for the month.

Should you invest?

Ord Minnett sees a lot of value in the GQG share price at the current level.

And while it hasn’t yet responded to this update, which means its recommendation could change in the coming days (for better or worse), it currently has a buy rating and $2.40 price target on it shares.

If Ord Minnett is on the money with this recommendation, it would mean upside of approximately 13% for investors over the next 12 months.

In addition, the broker has pencilled in a 16 cents per share dividend in FY 2024. This equates to a very generous 7.5% dividend yield at current prices, which boosts the total potential return beyond 20%.

The post Why the GQG share price is up 7% to a 52-week high and could keep rising 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 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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Latin Resources Ltd (ASX: LRS) shares are having a stunning session.

In afternoon trade, the lithium developer’s shares are up almost 18% to 16.5 cents.

Though, this doesn’t change much on a six-month basis, with the company’s shares still down by over 50% since this time in August.

Why are Latin Resources shares surging?

Investors have been buying Latin Resources and other ASX lithium shares today following improving sentiment in the industry.

This appears to have been driven by a strong night of trade on global markets for lithium stocks. This saw Ganfeng Lithium jump 8%, Tianqi Lithium leap 7%, Albemarle rise 4%, and Lithium Americas Corp climb 7%.

In addition, there has been some news related to Latin Resources that could be catching the eye of investors.

The AFR is reporting that the terms are now out for the company’s spin-off of its exploration projects under the name of Maverick Minerals.

Maverick Minerals is reportedly seeking to raise $5 million at 20 cents per share. This will give it a market capitalisation of $8.6 million at listing.

Latin Resources will still hold onto 16% of the lithium explorer, with its existing shareholders given first dibs on up to 50% of Maverick stock under its IPO book build.

Which projects does it own?

Following the completion of its IPO, Maverick Minerals will own projects in Western Australia, New South Wales, Victoria, and Ontario, Canada.

Its Western Australian projects include the Laverton Downs Project, the Shelby Project, the Kathleen Project, and the Albert Project.

Whereas its New South Wales and Victoria projects include the Lachlan Fold Belt Project. And finally, its Canadian Projects include the Luka Lithium Project, the Marion Project, the Sollas Lake Lithium Project, and the Muriel Lithium Project.

Maverick Minerals shares are scheduled to commence trade on the ASX boards on 6 March.

The post Latin Resources shares up 18% as Maverick lithium IPO nears appeared first on The Motley Fool Australia.

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More reading

• 7 ASX lithium shares going gangbusters today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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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