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If you’re looking to bolster your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of warehouses, large scale logistics facilities, and business and office parks.

Management notes that it continues to experience strong demand for its properties, which is being driven by increased intensification of use, long-term supply chain requirements, tight supply in urban infill locations and the quality of its assets.

In addition, the company has $12.7 billion of development work in progress, which is expected to underpin further solid growth over the coming years. Particularly given how the average value of its development work in progress now exceeds $3,700 per square metre, which reflects the prime location, cap rates, and expected growth in rents.

The team at Citi is very positive on Goodman. Its analysts believe the company could outperform its upgraded earnings guidance in FY 2022.

It said: “We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains our top pick in the sector.”

Citi has a buy rating and $29.50 price target on Goodman’s shares.

Healius Ltd (ASX: HLS)

Another blue chip ASX 200 share to look at is Healius. It is one of Australia’s largest pathology and diagnostic imaging providers offering services via a number of brands. These include Dorevitch Pathology, QML Pathology, Laverty Pathology, and Healthcare Imaging Services.

Healius has been growing at a rapid rate over the last couple of financial years thanks to huge demand for COVID testing. And while testing volumes will inevitably decline now, the team at Morgans remain positive on the company and expects its base business to rebound as COVID headwinds ease.

It commented: “We continue to believe HLS is attractively valued and well placed, benefiting from the likely continuance of COVID PCR testing (at some level) and from the inevitable rebound in demand from a backlog in diagnosis and surgery.”

Morgans has an add rating and $5.26 price target on Healius’ shares.

The post 2 blue chip ASX 200 shares to buy according to experts 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 Bruce Jackson.

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While the S&P/ASX 200 Index (ASX: XJO) is surging ahead, the South32 Ltd (ASX: S32) share price is backtracking today.

The company’s shares are in decline following a company update regarding the acquisition of additional shareholding in Mozal Aluminium.

At the time of writing, the mining outfit’s shares are down 3.68% to $4.97.

South32 reports of delay on completed transaction

Investors are offloading South32 shares as the company provided a disappointing notice to the ASX this morning.

According to its release, South32 advised that there has been a delay to the expected closing date of the acquisition of an additional shareholding and related rights in Mozal Aluminium from MCA Metals Holding GmbH (Mitsubishi).

Last September, South32 exercised its pre-emptive rights to acquire up to an additional 25% shareholding in Mozal Aluminium, an aluminium smelter located near Maputo in Mozambique.

The US$250 million purchase price to acquire the interest would give South32 a 72.1% stake in the smelter.

Increasing its shareholding would essentially lift the company’s annualised equity share of aluminium production by 15% to 1,138kt.

Previously, South32 had anticipated that the takeover would be finalised sometime in the current March quarter.

However, South32 noted that should the remaining conditions, including approval from the competition regulatory authority in Mozambique be satisfied, the acquisition is now expected to complete mid-2022.

About Mozal Aluminium

The operation is currently jointly owned by South32 (47.1%), Mitsubishi (25%), the IDC (24%) and the Government of the Republic of Mozambique (3.9% through preference shares).

Production guidance for the smelter is 273kt (47.1% basis) in FY22 and FY23.

Energy efficiency technology is currently being rolled out in the smelter’s pot relining program. This is expected to deliver around a 5% increase, or 10ktpa to 277ktpa in annual production by FY24.

South32 share price snapshot

Regardless of today’s decline, it has been a strong 12 months for South32 shares, climbing more than 77%.

In 2022 alone, its share price is up almost 24%, reflecting positive investor sentiment in the company.

South has a price-to-earnings (P/E) ratio of 20.95 and commands a market capitalisation of roughly $23 billion.

The post Why is the South32 (ASX:S32) share price sinking 4% today? appeared first on The Motley Fool Australia.

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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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If you’re interested in exchange traded funds (ETFs), then you may want to check out the two ETFs that are listed below.

Both offer investors exposure to areas of the tech sector that are booming right now. Here’s what you need to know about these exciting ETFs:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF for investors to look at is the BetaShares Crypto Innovators ETF. As its name implies, this ETF gives investors exposure to the booming cryptocurrency industry. However, instead of being focused on coins, this ETF covers the companies that are heavily involved in the industry.

BetaShares notes that the high risk Crypto Innovators ETF provides investors with a convenient, cost-effective way to gain exposure to the leaders of the rapidly emerging crypto economy. These are companies that provide mining equipment, trading platforms, and even the mining of bitcoin and other cryptocurrencies.

Among the shares you’ll be owning a slice of are crypto mining hardware manufacturer Canaan, crypto trading platform Coinbase, crypto bank Silvergate, and crypto mining company Riot Blockchain.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ETF for investors to look at is the BetaShares Global Cybersecurity ETF. It gives investors exposure to the cybersecurity sector, which has been benefiting greatly from the shift of infrastructure to the cloud and the rising threat of cyberattacks.

And with online threats only getting greater, demand for cybersecurity services looks set to continue increasing for years to come. This will be good news for the shares included in the BetaShares Global Cybersecurity ETF, which includes the leaders in the global cybersecurity sector.

Among the shares in the fund that you will be buying a slice of are cybersecurity giants such as Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.

The post Crypto and cybersecurity: 2 exciting ETFs for ASX investors 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. owns and has recommended BETA CYBER ETF UNITS and Betashares Crypto Innovators ETF. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. 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 Xero Limited (ASX: XRO) share price is having a very strong day on Wednesday.

In afternoon trade, the cloud accounting platform provider’s shares are up 6% to $108.20.

This means the Xero share price is now up 9% over the last two trading sessions.

Why is the Xero share price racing higher?

The Xero share price is rising today amid a rebound in the tech sector and a bullish broker note out of Jefferies.

In respect to the former, at the time of writing, the S&P ASX All Technology index is up a sizeable 3.1% following a solid night on Wall Street’s tech-focused Nasdaq index.

As for the latter, this morning Jefferies retained its buy rating and $139.09 price target on the company’s shares. This implies potential upside of almost 29% for investors over the next 12 months.

What did the broker say?

Jefferies doesn’t believe the current Xero share price factors in the company’s strong growth potential in the massive US market. This follows industry feedback which is pointing to increasing popularity from accountants and small to medium sized businesses.

Overall, the broker is fan of Xero’s North American strategy and highlights its market opportunity of 33 million small to medium sized businesses. This compares to its current global subscriber base of 3 million.

The post The Xero share price is up 9% in just two days 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. owns and has recommended Xero. The Motley Fool Australia owns and has recommended Xero. 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) is enjoying yet another day in the green so far this Wednesday. At the time of writing, the ASX 200 is up by a robust 0.6% at just over 7,500 points. We’re now not far from the ASX 200’s all-time high, an unthinkable position just a few weeks ago.

But let’s dive deeper into today’s gains and have a look at the shares at the top of the ASX 200’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium share Pilbara Minerals is the first company worth checking out today. This lithium producer has had a notable 15.01 million shares change hands as it currently stands. This isn’t related to any news or official developments out of the company (of which there aren’t any today). 

However, the Pilbara share price has made a sizeable move today thus far. Pilbara shares are currently down by a nasty 1.85% at $3.19 each. Since the company initially spiked to $3.31 a share at market open this morning, we can probably blame share price volatility for this high trading volume we are seeing. 

AVZ Minerals Ltd (ASX: AVZ)

Another ASX 200 lithium hopeful is up next in AVZ Minerals. This company has, so far today, seen a hefty 18.87 million of its shares bought and sold on the markets. Again, there are no company-specific news or announcements that might easily explain this move. 

Thus, it is likely that a share price movement is also the culprit for this elevated trading volume here. After an incredible run of gains over the past week (putting AVZ shares more than 20% higher), and several new all-time highs, the AVZ share price is taking a cool off today. The company is currently down by 1.21% at $1.22 a share. 

Whitehaven Coal Ltd (ASX: WHC)

Another resources share rounds out our list today, but this time it’s coal miner Whitehaven. A staggering 19.46 million Whitehaven shares have found a new home at the time of writing. 

This looks like the result of the sizeable selloff we’ve seen with Whitehaven so far today. The company is currently down by 3.3% at $4.11 a share. It’s this decisive move downwards that investors can likely pin the blame for the high volume. 

The post These 3 ASX 200 shares are topping the volume charts on Wednesday 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 Bruce Jackson.

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The Air New Zealand Ltd (ASX: AIZ) share price is on ice today pending an announcement.

The company’s shares dropped 0.78% on the ASX before grinding to a halt at $1.28.

Let’s take a look at what is happening at Air New Zealand.

Possible capital raise?

Air New Zealand is in a trading halt at the request of the airline pending “a material announcement in relation to the company’s recapitalisation plans”.

Speculation emerged in The Australian earlier today the airline is about to launch a NZ$1.2 (A$1.11 billion) capital raise. The company’s hares are expected to be sold at a 35% discount.

The Air New Zealand share price has been under pressure amid COVID-19 border closures and rising fuel costs. In the company’s half-year results released in February, Air New Zealand reported a statutory loss before tax of $376 million, with dividends remaining suspended.

In these results, the airline informed shareholders it plans to launch a capital raise before the end of March this year, “subject to market conditions”.

The trading halt is expected to remain in place until market open on Thursday. Commenting on the freeze, Air New Zealand said:

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 31 March 2022 or when the announcement is released to the market.

Air New Zealand chair Dame Therese Walsh and CEO Greg Foran are due to hold a media conference in Auckland at 6.30 pm local time, 1news reported. This will be after the ASX closes.

The equity raise comes ahead of New Zealand’s border opening to international tourists. The New Zealand border will be reopening to Australians from 13 April. Fully-vaccinated travellers from 60 further countries will be able to travel to the island nation from 2 May.

Share price snapshot

The Air New Zealand share price has descended 16% in the past year, while it has lost nearly 10% year to date.

For perspective, the benchmark ASX 200 has returned nearly 12% over the past year.

In the past week, Air New Zealand shares have slumped more than 3%, and 9% in a month.

Air New Zealand has a market capitalisation of about $1.44 billion based on the current share price.

The post Air New Zealand (ASX:AIZ) share price drops then stops amid NZ$1.2 cap raise rumblings appeared first on The Motley Fool Australia.

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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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Wednesday is proving to be a good day for these ASX lithium and green metals shares. They’ve each hit their highest point in at least 12 months.

While many have managed to hold onto their gains from earlier today, others have slipped into the red this afternoon.

So, which ASX lithium and green metals stocks have surged to new 52-week highs today? Let’s take a look.

5 ASX lithium and green metals shares besting 52-week records

Firefinch Ltd (ASX: FFX)

The Firefinch share price is one of today’s top performing All Ordinaries Index (ASX: XAO) shares.

At its intraday high, the gold miner and lithium developer’s stock launched to trade at $1.07 – 13.8% higher than its previous close and a new multi-year high.

Its gains came on the back of news that the company’s subsidary has received an exploration licence for the area containing the Beledjo-Koting gold deposit.

At the time of writing, the Firefinch share price has slipped slightly to trade at $1.03, 9.79% higher than it was at the end of yesterday’s session.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price also shot up today, reaching its highest point of the day early this morning.

Then, it reached a new all-time high of $1.33 – representing a 3.1% gain on it previous closing price.

Sadly, that surge didn’t hold. Right now, the ASX lithium developer’s share price has slipped to $1.27, a 0.78% fall.

The market hasn’t heard news from Core Lithium this week. However, the shock resignation of the company’s CEO sent its stock lower on Friday.

Western Areas Ltd (ASX: WSA)

Nickel producer, Western Areas also saw its share price launch higher this morning.

It reached an intraday high of $3.65, just 2 cents more than its previous closing price.

That’s also the highest the green metal share has traded for in more than 3 years.

The Western Areas share price has since slumped slightly to trade flat with its previous closing price.

Lake Resources N.L. (ASX: LKE)

The Lake Resources share price built on the gains it secured on Tuesday to reach a new 52-week high today.

The ASX lithium developer’s share price surged 14.8% yesterday on the back of a major offtake agreement.

It’s back in the green again today, gaining 3.1% at its intraday high to trade at a new 52-week record of $1.99.

It has since dropped to trade just 1.3% higher at $1.95.

AVZ Minerals Ltd (ASX: AVZ)

Finally, the AVZ Minerals share price surpassed its previous 52-week high on Wednesday before plunging into the red.

The stock’s initial surge and eventual dip today followed 9 consecutive sessions in which it gained at least 3% each day.

That culminated in the ASX lithium and green metals developer’s share price reaching $1.24 in early morning trade. That’s the highest price the company’s stock has ever reached.

However, its gains didn’t hold. At the time of writing, the AVZ Minerals share price is trading for $1.21, 1.62% lower than its previous close.

The post 5 ASX lithium and green metals shares hitting new 52-week highs today appeared first on The Motley Fool Australia.

More reading

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• Why is the Firefinch (ASX: FFX) share price soaring 12% to a 14-year high?
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• Why Block, Lake Resources, Nearmap, and Telix shares are racing higher
• Core Lithium (ASX:CXO) shrugs off sector falls to notch up all-time high

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. 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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Shares in Australian biotech giant CSL Limited (ASX: CSL) are inching higher on Wednesday and now trade at $270.69.

While there’s been nothing remarkable out of CSL’s camp to attribute today’s price gain to, the biotech player has climbed almost 4% in the past month.

That’s still behind the S&P/ASX 200 Index (ASX: XJO)’s return of around 7% in the same period.

What’s up with CSL today?

The budgetary papers outlined on Tuesday evening built on previous language from Prime Minister Scott Morrison on the importance of domestic manufacturing.

According to analysis from Jackie Edwards, equity markets Asia editor at Bloomberg, the Prime Minister had previously indicated seven areas of high importance in domestic manufacturing as part of the budget.

As The Motley Fool reported yesterday, “this kind of manufacturing push is sure to benefit ASX shares such as CSL, Edwards notes.”

It could be that market pundits agree with Edwards’ view after stripping apart the various sections of the budget.

However, ASX shares have staged a comeback in recent weeks and most sectors are now back in the green.

Noteworthy is that the S&P/ASX 200 Health Care Index (ASX: XHJ) has also regained strength lately and is up 168 basis points today – well ahead of the benchmark index.

It’s also climbed around 3% in the past month, after trading sideways most of this year. Hence the momentum is building in healthcare, with CSL one of the largest names in that basket.

CSL share price snapshot

In the last 12 months, the CSL share price has gained just 3%. It is down almost 7% this year to date.

The post Why is the CSL share price climbing on Wednesday? appeared first on The Motley Fool Australia.

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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. owns and has recommended CSL Ltd. 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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Coles Group Ltd (ASX: COL)

According to a note out of Citi, its analysts have retained their buy rating and $19.30 price target on this supermarket giant’s shares. This follows the announcement of the federal budget, which Citi expects to be a boost to disposable income. The broker expects supermarkets to be among the biggest winners from this. The Coles share price is trading at $17.62 on Wednesday afternoon.

EML Payments Ltd (ASX: EML)

A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this payments company’s shares to $3.95. Macquarie believes that EML Payments will benefit from rising interest rates due to having several billion dollars of client funds stored across its platform. This is expected to be a big boost to interest income in the coming years. The EML Payments share price is fetching $2.95 today.

Treasury Wine Estates Ltd (ASX: TWE)

Another note out of Citi reveals that its analysts have retained their buy rating and $13.78 price target on this wine giant’s shares. This follows a virtual analyst event with Treasury Premium Brands’ management team. Citi came away from the event confident that Treasury Wine has significant medium term earnings growth opportunities. This is underpinned by the re-opening of higher margin channels, a long runway of distribution growth, and margin expansion driven by premiumisation and supply chain savings. The Treasury Wine share price is trading at $11.80 on Wednesday.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 EML Payments. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET and EML Payments. The Motley Fool Australia has recommended Macquarie Group Limited and Treasury Wine Estates 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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Yesterday, we looked at the rumours swirling around the then-upcoming federal budget, and what it could mean for ASX shares. Specifically, we looked at a potential cut in the fuel excise rate, and which ASX companies would stand to benefit the most.

Well, Tuesday night has come and gone, and with it, rumours have been replaced with reality. We indeed saw the government announce a temporary six-month cut in the rate of fuel excise tax.

If you weren’t aware (or you missed our article yesterday), excise is a specific type of tax that the government levies on petroleum-based fuels, i.e. petrol and diesel, as well as some other goods. Before today, the excise was set at 44.2 cents per litre for both petrol and diesel road fuel.

Normally, this rate is indexed to inflation and rises twice a year. However, the government announced during its budget last night that this rate would be halved for the next six months. This means motorists will now only pay 22.1 cents per litre in fuel, rather than 44.2 cents.

Apart from the obvious benefit for all motorists at the pump, let’s see how this temporary change could affect ASX shares.

Yesterday, we covered how a cut in fuel excise would be a boon for any company with an extensive road transport-based freight or logistics network.

Some ASX winners from the budget’s fuel excise cut

Well, let’s expand on that today. According to reporting in The Age today, broker UBS has outlined a list of ASX shares that it sees as poised to benefit from this cut to fuel tax.

UBS analysts are pointing to “retailers that served ‘less affluent’ consumers” as the prime beneficiaries. These reportedly include Coles Group Ltd (ASX: COL) and Adairs Ltd (ASX: ADH). As well as City Chic Collective Ltd (ASX: CCX), Collins Foods Ltd (ASX: CKF) and Super Retail Group Ltd ASX: SUL).

Grocer Coles and homewares retailer Adairs are both household names. But Collins Foods is the company behind the Kentucky Fried Chicken (KFC) fast-food chain in Australia. Super Retail Group in turn is the name behind the retail brands of BCF, Super Cheap Auto, Macpac and Rebel.

UBS strategist Richard Schellbach said the one-off $250 payments that the budget was directing to pensioners, carers, veterans and job seekers, would boost retail spending, as would the cut in fuel excise.

Schellbach also named automotive shares like Ampol Ltd (ASX: ALD), Bapcor Ltd (ASX: BAP) and Eagers Automotive Ltd (ASX: APE) as direct winners from the fuel excise cut too.

That might help explain why many of the shares listed here are enjoying some strong gains on the ASX boards today. Adairs seems to be the biggest winner on this list as it currently stands. Adairs shares are presently up close to 5% at $2.97 a share.

The post Budget fuel excise cut: Which ASX shares could benefit? appeared first on The Motley Fool Australia.

More reading

• Why Eagers Automotive, Firefinch, Latin Resources, and Piedmont Lithium are rising today
• ‘Popping the champagne’: ASX retail shares leap following budget consumer handouts
• Here’s why the Eagers Automotive (ASX:APE) share price is climbing today
• ASX 200 (ASX:XJO) midday update: Telstra CEO steps down, Fortescue confirms E.ON deal
• Top broker gives its verdict on the Coles (ASX:COL) share price

Motley Fool contributor Sebastian Bowen owns ADAIRS FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO, Collins Foods Limited, and Super Retail Group Limited. The Motley Fool Australia owns and has recommended ADAIRS FPO, COLESGROUP DEF SET, and Super Retail Group Limited. The Motley Fool Australia has recommended Bapcor and Collins Foods 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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