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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and sank notably lower again. The benchmark index fell 2.5% to 6,961.6 points.

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

ASX 200 expected to jump

The Australian share market looks set to rebound strongly on Thursday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 77 points or 1.1% higher this morning. In late trade on Wall Street, the Dow Jones is up 1%, the S&P 500 is up 1.7%, and the Nasdaq has risen 2.6%.

Tech shares on watch

It could be a good for tech shares including Appen Ltd (ASX: APX) and Block, Inc. (ASX: SQ2) on Thursday after the tech-focused Nasdaq index stormed higher. As the local tech sector tends to follow the lead of the Nasdaq, its 2.6% gain in late trade bodes well for today’s session. The Block share price on the NYSE is up 3.5% currently.

Oil prices rise

Energy shares including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a solid day after oil prices pushed higher again. According to Bloomberg, the WTI crude oil price is up 2.1% to US$87.39 a barrel and the Brent crude oil price is up 2.1% to US$90.02 a barrel. The latter hit the US$90 mark for the first time since 2014 amid tight supplies.

Fortescue named as a sell

The Fortescue Metals Group Limited (ASX: FMG) share price could be heading materially lower according to the team at Goldman Sachs. In response to its second quarter update, the broker has reiterated its sell rating and lowly $13.50 price target. The broker notes that its shares are trading at 1.65x net asset value (NAV), which is notably higher than its two largest peers at 0.9x NAV.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a tough day after the gold price dropped. According to CNBC, the spot gold price is down 1.1% to US$1,831.4 an ounce. Traders were selling gold after the US Federal Reserve indicated that a rate hike is coming in March.

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

More reading

• Is the Brickworks (ASX:BKW) share price a smart buy in this volatility?
• 3 ASX shares to buy right now that are famous Aussie brands
• What happened to ASX tech shares today?
• Here are the top 10 ASX shares today
• Leading brokers name 3 ASX shares to sell 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 Appen Ltd and Block, Inc. The Motley Fool Australia owns and has recommended Appen 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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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:

Cochlear Limited (ASX: COH)

According to a note out of Credit Suisse, its analysts have upgraded this hearing solutions company’s shares to an outperform rating with a $235.00 price target. The broker made the move on valuation grounds after its shares pulled back to a more attractive level. Credit Suisse is positive on its outlook and believes the company has been winning market share over the last few years. The Cochlear share price was trading at $191.50 at Tuesday’s close.

Goodman Group (ASX: GMG)

A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this industrial property company’s shares to $26.63. Macquarie has been looking at the property sector and remains positive on Goodman. In fact, it believes the company could upgrade its FY 2022 guidance when it releases its half year results next month. The Goodman share price was fetching $22.88 at yesterday’s close.

ResMed Inc. (ASX: RMD)

Analysts at Ord Minnett have upgraded this sleep treatment company’s shares to a buy rating with an improved price target of $37.90. According to the note, the broker believes ResMed is well-placed to deliver another strong result in FY 2022. This is due to the company taking advantage of the Philips CPAP product recall. And even when Philips has completed the recall and replacement of 5.2 million devices, the broker believes ResMed has the potential to hold onto its increased market share. The ResMed share price was last trading at $32.66.

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

More reading

• $20,000 invested in these ASX shares 10 years ago is worth how much today?
• 3 ASX shares brokers have named as buys
• 2 excellent blue chip ASX 200 shares to buy this month
• Here are the top 10 ASX shares today
• Why Corporate Travel Management, Goodman, Lendlease, and Uniti shares are rising 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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and ResMed Inc. 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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Key points

• The Accent share price has been falling this year
• COVID impacts are hurting the retailer’s trading
• Management are confident about the long-term potential of the company with more stores, more brands and more sales online

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The Accent Group Ltd (ASX: AX1) share price has fallen 17% in 2022. Does this now make it an attractive opportunity?

Accent is a large shoe retailing business in Australia. It sells through a wide array of different brands, both owned and with distribution agreements, such as Skechers, The Athlete’s Foot, Trybe, Stylerunner, VANS, Timberland, Platypus, Glue Store and Dr Martens.

One of the main factors that can impact investor thoughts about a company is its trading performance.

Accent recently released its trading update for the six months to 26 December 2021. This could be affecting the current Accent share price.

Trading update

Like for like sales across November and December 2021 were down 3.4% compared to the period in the first half of FY21, but up 4.8% on the pre-COVID period of the first half in FY20.

The shoe retailer said that its digital sales remained “strong” throughout the period and the gross profit margin in December “recovered well” and was above expectations. Accent said that it drove full-price trade in the lead up to Christmas.

Management said that the trading was broadly in line with expectations, with strong demand after the reopening of Victoria and New South Wales.

However, store traffic and sales in the final week of December, and in-particular Boxing Day, were well down on expectations and the prior year, which Accent attributed to the rise of the COVID-19 Omicron variant case numbers and the related impact to store traffic.

The Omicron effect seems to have impacted the company across all banners and states, including in New Zealand, with the most significant impact in New South Wales.

Trading in the first four weeks of January continues to be adversely impacted by COVID. Inventory levels at the end of December were back in line with the original plan. There have been delivery delays from external suppliers across December and early January.

Profit expectations

In terms of how much profit Accent is expecting, HY22 earnings before interest and tax (EBIT) is expected to be between $30 million to $31 million. Profitability can be a key driver (or detractor) for the Accent share price.

Accent’s growth plans

Whilst management are pleased with the performance considering the COVID impacts, it points to some factors that will help grow the business over the long-term.

One key selling strategy is its omnichannel business model. This means that customers are able to buy products in-store or shop online, whichever is the most convenient for them.

Accent points to several growth avenues for the business. Its digital sales are rising. The ASX retail share is adding new stores to its network. It can benefit from vertically-owned brands and exclusive distribution agreements which remain “highly relevant” and management believes position the company well for the future.

One of the latest distribution agreements is a 10-year deal with Reebok so that Accent can exclusively distribute Reebok products in Australia and New Zealand. Accent plans to grow the Reebok brand through existing wholesale accounts, direct online sales and through its multi-brand retail brands, all of which currently stock the brand including Glue Store, Stylerunner, Platypus and others.

Accent valuation

At the current Accent share price, it’s valued at 11x FY24’s estimated earnings with a grossed-up dividend yield of 10.6% for FY24.

The post The Accent (ASX:AX1) share price is down 17% this year, is it a buy? appeared first on The Motley Fool Australia.

More reading

• Why Accent, BrainChip, Fortescue, and Novonix shares are sinking
• Why is the Accent (ASX:AX1) share price backtracking today?
• 2 high yield ASX dividend shares named as buys
• These ASX shares could be buys for value investors
• 2 top ASX dividend shares to buy next week

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. 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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Recent volatility means that a number of ASX shares are trading notably lower than their 52-week highs. While this doesn’t make all of them buys, two that brokers believe are in the buy zone now are listed below.

Here’s what you need to know about these beaten down ASX shares:

Costa Group Holdings Ltd (ASX: CGC)

The first beaten down ASX share to look at is this horticulture company. The Costa share price was fetching $2.88 at yesterday’s close, which is down 40% from its 52-week high. This was driven partly by a subdued performance during the first half of FY 2021 which saw Costa report flat revenue and a 3% lift in net profit.

Despite its soft performance, Bell Potter continues to see a lot of value in the company’s shares at the current level. This week the broker retained its buy rating but trimmed its price target to $3.85. This implies potential upside of almost 34% over the next 12 months.

The broker said: “Our Buy remains unchanged. Our favourable view on CGC is driven by: (1) expansion and maturation of the international berry operations; (2) expansion and maturation of the avocado orchards; (3) non-recurrence of hail impacting citrus and grape operations in CY21e; and (4) further investment in capacity (avocado, citrus and tomato) to grow earnings beyond CY22e.”

CSL Limited (ASX: CSL)

Another beaten down ASX share to consider is this leading biotechnology company. The CSL share price is currently trading almost 20% lower than its 52-week high. This has been driven by market volatility, plasma collection concerns, and its recent capital raising.

The team at Morgans appears to see this as a buying opportunity for investors. The broker recently put an add rating and $334.70 price target on its shares. This implies potential upside of almost 30% over the next 12 months.

It commented: “We view CSL as a core holding and best positioned among its peers to meet growing patient demand.”

The post Analysts name 2 beaten down ASX shares with 30% upside appeared first on The Motley Fool Australia.

More reading

• Can the CSL (ASX:CSL) share price reach pre-COVID highs?
• 2 excellent blue chip ASX 200 shares to buy this month
• Analysts name 2 excellent ASX 200 shares to buy
• Has the CSL (ASX:CSL) share price dropped back into the buy zone?
• 2 killer ASX shares to buy for a volatile 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 CSL Ltd. The Motley Fool Australia has recommended COSTA GRP 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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There are a lot of growth shares for investors to choose from on the Australian share market.

To narrow things down, below are two ASX growth shares that are highly rated right now. Here’s what you need to know about them:

Audinate Group Limited (ASX: AD8)

The first ASX growth share to look at is Audinate. It is a leading digital audio-visual networking technologies provider.

The key product in its portfolio is the Dante audio over IP networking solution. Management notes that Dante is the evolution of AV systems, converging all previous connection types into one. It delivers vastly superior performance while making these systems easier to use, easier to expand, and less expensive to deploy. The solution is the clear industry leader, with the number of Dante enabled products manufactured by its customers ~8x greater than its nearest rival.

And while supply chain issues have been weighing on its performance, this is only expected to be a temporary headwind.

UBS remains positive on the company’s future. As a result, it has put a buy rating and $10.40 price target on its shares. The broker believes the company is well-placed to win a big share of the digital AV networking market over the long term.

Megaport Ltd (ASX: MP1)

Another ASX growth share to look closely at is Megaport. It is leading cloud connectivity and networking solutions provider which has been growing at a solid rate in recent years. This is due to its first mover advantage in a market benefiting from two long-term structural tailwinds.

Goldman Sachs notes that these are the adoption of public cloud (and multi-cloud usage) and the transition towards Networking as a Service (NaaS). The latter is being driven by the increased prevalence of hybrid working and cloud-based applications which put strain on legacy networks designs and impact performance.

The broker is very positive on the company because of these structural tailwinds and believes it is well-placed for strong growth over the long term. So much so, earlier this week Goldman initiated coverage on Megaport with a buy rating and $20.00 price target. It believes Megaport’s “opportunity for further growth is immense (GSe A$129bn p.a. spent on fixed enterprise networking across MP1 geographies).”

The post 2 exciting ASX growth shares tipped as buys appeared first on The Motley Fool Australia.

More reading

• What happened to ASX tech shares today?
• Goldman says Megaport (ASX:MP1) share price has 35% upside
• These were the worst performing ASX 200 shares last week
• ASX tech shares sink amid Megaport (ASX:MP1) crash and NASDAQ fall
• Why Allkem, Megaport, Redbubble, and Temple & Webster’s shares are falling

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 AUDINATEGL FPO and MEGAPORT FPO. The Motley Fool Australia owns and has recommended AUDINATEGL 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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Key points

• The share prices of Australian Ethical and Xero have fallen heavily in 2022 so far
• Australian Ethical’s share price has dropped 34% in just a few weeks. It’s seeing FUM growth and ongoing tailwinds
• The Xero share price has fallen 23% since the start of the year. It’s experiencing growing subscriber numbers and an increase in revenue per user

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The ASX share market has seen some of the high-flying growth names come under heavy selling pressure this year.

Could these sold-off stocks now be attractive opportunities? It is rare for a business to fall by more than 20% in just a few weeks. But that’s exactly what has happened to these two names which may now be worth a look:

Xero Limited (ASX: XRO)

Xero is one of the world leaders when it comes to cloud accounting services for small and medium businesses across the world.

It has a significant presence in some of the markets that it has been operating in for a while such as New Zealand, Australia and the UK. It also has global growth aspirations, particularly in other countries like Canada, Singapore and South Africa.

The Xero share price has dropped by 23% since the start of the year. In other words, almost a quarter of the market capitalisation has been lost in just a few weeks.

Some brokers see plenty of potential upside for Xero. Brokers like Citi and Morgan Stanley both rate the ASX share as a buy. Citi’s price target for the company is $160, more than 40% higher than where it is today, whilst Morgan Stanley’s price target is $137, over 20% higher than where it is today. But those price targets were before this recent volatility.

Xero is expected to continue to grow at a solid pace over the next few years. The brokers noted that in the first half of FY22, the number of subscribers increased by 23% to 3 million. The average revenue per user (ARPU) increased by 5% to $31.32. Annualised monthly recurring revenue (AMRR) jumped 29% to $1.13 billion.

The company has stated many times over the years that it will keep focusing on re-investing the cash flow it generates to create long-term shareholder value.

Australian Ethical Investment Limited (ASX: AEF)

Australian Ethical is a fund manager that manages investments for people in a way that matches their ethics.

It invests in areas like education, energy efficiency, electricity transmission and distribution, healthcare, food production, future-focused commodities, property, recycling and waste management, telecommunications and transportation.

The Australian Ethical share price has fallen by 34% since the start of the year.

It continues to see quarter-on-quarter growth of its funds under management (FUM) thanks to the ongoing net flows as more people give the fund manager money to manage.

The ASX share said that for the three months to 31 December 2021, its FUM rose by 6% to $6.94 billion. This was helped by a total of $310 million of net inflows. For the six months to 31 December 2021, net inflows amounted to $600 million.

Underlying net profit after tax is also expected to increase to a range of between $5 million to $5.5 million. This represents a mid-point increase of 8% compared to the six months ending 31 December 2020.

Australian Ethical said that it will continue to invest in its high growth strategy considering the positive momentum it’s experiencing and the “scale of the opportunity ahead”.

The post Are these 2 high-growth ASX shares now beaten-up opportunities? appeared first on The Motley Fool Australia.

More reading

• What happened to ASX tech shares today?
• 2 ASX growth shares Goldman Sachs rates as buys
• The Nasdaq Index fell 2.7% on Friday. What does that mean for ASX tech shares?
• The Xero (ASX:XRO) share price has fallen 20% since the start of the year. Is it a buy?
• 2 ASX tech shares to buy that have plunged: experts

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 Australian Ethical Investment Ltd. and Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended Australian Ethical Investment 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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Key points

• Adairs shares were sold off this week following the release of a trading update
• While its sales were largely flat, its earnings almost halved
• Morgans believes investors should buy the dip

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The Adairs Ltd (ASX: ADH) share price is having a week to forget.

Since this time last week, the furniture and homewares retailer’s shares are down a massive 22%.

That’s despite the Adairs share price managing to push higher on Tuesday when the market sank 2.5%.

What happened to the Adairs share price?

Investors have been selling down the Adairs share price this week following the release of a first half trading update.

Although Adairs’ recorded sales broadly in line with the prior corresponding period, significant weakness in its margins means that its earnings will almost halve during the period. COVID impacts and store closures were behind this margin weakness.

Is this a buying opportunity?

The team at Morgans has given its verdict on the update. And while the broker was bitterly disappointed with the company’s performance, it remains positive on the investment opportunity here. This is due largely to the low multiples its shares trade on and the generous dividend yields on offer.

According to the note, the broker has retained its add rating and cut the price target on the company’s shares by 23% to $3.70. Based on the current Adairs share price of $3.04, this implies potential upside of 22% over the next 12 months.

In addition, the broker is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. This equates to yields of 6.25% and 8.55%, respectively, over the next two financial years.

Morgans commented: “Today’s trading update was a disappointment and has led us to lower expectations for full year earnings. The share price reaction to the statement was, however, greater than we had thought appropriate. The FY23F P/E of 7.6x with a dividend yield of 8.7% are attractive enough for us to retain an ADD rating.”

“We think it is important not to overlook a resilient topline performance in 1H22. Sales were flat yoy at $242m with positive group level LFLs of +2.7%, or +30.5% against 1H20. Store LFLs were (3.4)%, which was better than expected, although this was offset slightly by a softer Adairs online growth rate of +1.6%,” it added.

The post Broker says Adairs (ASX:ADH) share price is cheap after selloff appeared first on The Motley Fool Australia.

More reading

• Why Adairs, Bigtincan, Regis Resources, and Telix shares are sinking
• 2 cheap ASX shares that value investors could love
• Why the Adairs (ASX:ADH) share price is crashing 17% lower today
• 2 ASX dividend shares with large and growing yields
• These 3 ASX retail shares have grossed-up dividend yields over 8% right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS 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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Key points

• The Brickworks share price has dropped 10% in just over a week
• Some experts currently rate the business as a buy
• Brickworks has defensive assets and the property trust development pipeline remains strong

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The Brickworks Limited (ASX: BKW) share price has fallen by 10% since 17 January 2022. That’s a bit worse than the S&P/ASX 200 Index (ASX: XJO), which has fallen 6.1% over the same time period.

Despite that, the diversified company has achieved longer-term positive returns – over the past year, it has still registered a 19% gain.

But with the company’s decline, would it be a smart stock to consider right now?

Current analyst ratings on the Brickworks share price

Both Citi and Ord Minnett rate the business as a buy.

Ord Minnett has a price target of $26.20 whilst the Citi price target is $30. Both of these brokers are recognising the strength of the Brickworks property business, which is helping things.

A month ago, Brickworks said that it was expecting to report record property earnings in the first half of FY22, with property earnings before interest and tax (EBIT), in the absence of any further transactions, in the range of $290 million to $310 million. That compares to $253 million in FY21.

UBS, which currently rates Brickworks as ‘neutral’, has a price target of $26.30 on the company. UBS broker recognises what is helping grow the underlying value of Brickworks –  the property trust and its holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares.

Both of these assets are defensively positioned with growing cashflow to Brickworks through rising dividends and increasing rental profit.

What is growing the property earnings?

Brickworks is in a joint venture with Goodman Group (ASX: GMG) with the property trust. It has seen strong demand and sustained growth in the value of the trust over a number of years. This may also have helped the Brickworks share price.

The COVID-19 pandemic has helped accelerate industry trends towards online shopping and increase the importance of well-located distribution hubs and sophisticated supply chain solutions.

The property trust continues development at a fast pace. At its industrial site at Oakdale West, the construction of the state-of-the-art Amazon facility was scheduled for completion at the end of December. The completion of this facility, together with others at Oakdale South, will result in “significant development profits”.

But the trust has more long-term plans for growth. Brickworks recently announced it was releasing 75 hectares of land at Oakdale East, to be sold into the property trust. This will result in a “significant” one-off land sale profit and extending the development pipeline in order to meet the unprecedented demand for industrial development.

Soul Pattinson’s portfolio is designed to be defensive

The investment conglomerate has a portfolio that is set up to be able to withstand periods of economic disruption and volatility.

For example, the investment company says it provides capital protection (which gives Brickworks downside protection), with a “portfolio of assets which generate reliable cash through market cycles which serves to protect downside in market corrections”.

The Soul Pattinson portfolio is diversified across a range of uncorrelated investments across listed shares, private equity, venture capital, property, structured credit and cash.

Some of the biggest holdings in the Soul Pattinson portfolio are TPG Telecom Ltd (ASX: TPG), New Hope Corporation Limited (ASX: NHC) and agricultural assets.

Brickworks dividend

Not only is the Brickworks share price rated as a buy by some analysts, but it also has a dividend that hasn’t been cut for decades.

At the current value, Brickworks shares offer a trailing grossed-up dividend yield of almost 4%.

The post Is the Brickworks (ASX:BKW) share price a smart buy in this volatility? appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares to buy right now that are famous Aussie brands
• Here are the top 10 ASX shares today
• These 3 ASX 200 shares are topping the volume charts on Tuesday
• ASX 200 breaches 7,000 points for the first time since May 2021, but why?
• ASX 200 (ASX:XJO) midday update: Zip confirms Sezzle talks, Fortescue’s Q2 update

Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

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

With that in mind, here’s how you would have fared if you had invested in these ASX shares 10 years ago:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator’s shares have been strong performers over the last 10 years. This has been driven by the company’s consistently solid sales and earnings growth which has been underpinned by like for like sales growth and the expansion of its store network at home and overseas. Over the last 10 years, Domino’s shares have generated an average total return of 31% per annum. This would have turned a $20,000 investment into almost $300,000.

NEXTDC Ltd (ASX: NXT)

Another strong performer over the last decade has been this data centre operator. Thanks to strong demand for data centre services due to the ongoing shift to the cloud, NEXTDC has been growing its operating earnings at a solid rate. This has led to the company’s shares delivering an average total return of 19% per annum over the period. This would have turned a $20,000 investment in its shares in 2012 into ~$115,000 today.

ResMed Inc. (ASX: RMD)

A final ASX share that has beaten the market since 2012 is ResMed. It has delivered consistently solid sales and earnings growth over the period thanks to its industry-leading solutions and the growing awareness and prevalence of sleep disorders. Over the last 10 years, ResMed’s shares have provided investors with an average total return of 29.5% per annum. This means that an investment of $20,000 into its shares would have grown to be worth ~$265,000 today.

The post $20,000 invested in these ASX shares 10 years ago is worth how much today? appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares brokers have named as buys
• What happened to ASX tech shares today?
• 2 ASX growth shares Goldman Sachs rates as buys
• 2 excellent blue chip ASX 200 shares to buy this month
• 2 stellar ASX growth shares analysts rate as buys

Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and ResMed Inc. 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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This month has been brutal for anyone who owns S&P/ASX 200 Index (ASX: XJO) shares.

The market has plunged 8.4% since 4 January as fears in the US spilled over to Australia.

In scary times like these, many people find comfort in old reliable names.

A business that’s passed the test of time and has large market share, some argue, can better resist headwinds like inflation and rising interest rates.

As such, here are 3 ASX shares experts are recommending to buy at the moment that are household Australian brands:

You’ve done it again

Electronics and appliances retailer JB Hi-Fi Limited (ASX: JBH) is ubiquitous around Australia.

This ASX share was a major beneficiary during COVID-19 lockdowns as people sought to make their homes more interesting and productive.

But as Australia shifted to post-vaccination lives over the past 6 months, the retailer’s shares have lost around 9%.

Catapult Wealth portfolio manager Tim Haselum reckons JB Hi-Fi could be a bargain right now.

“We’re expecting JB Hi-Fi earnings to marginally weaken, but from a high base. The market has priced in a bigger sales fall than we anticipate,” he told The Bull.

“JB Hi-Fi has a strong track record of performance and we expect that will continue in the longer term.”

Haselum did acknowledge higher interest rates could dampen consumer spending, but in Australia this is not expected in the short term.

JB Hi-Fi shares closed Tuesday at $45.75, down 2.26% on the day.

“The shares have traded higher than $50 in the past year,” Haselum said.

I still call Australia home

The chaos brought on from the Omicron variant has brought the travel industry to its knees, just when conditions were starting to look good.

Ord Minnett senior investment advisor Anthony Paterno noted that Qantas Airways Limited (ASX: QAN) has been forced to reduce its capacity.

“Domestic capacity in the 2022 third quarter is expected to represent about 70% of pre-COVID-19 levels. International capacity is expected to represent about 20% of pre-COVID-19 levels.”

But this would not put him off snapping up Qantas shares.

“We remain positive about a domestic leisure-led recovery, a prevailing rational domestic market, and strong loyalty earnings.”

The Qantas share price closed Tuesday at $4.66, down 3.32%. It has been as high as $5.97 in the past 52 weeks.

Further together

TPG Telecom Ltd (ASX: TPG) owns some of the most recognisable internet and mobile brands in the country.

Vodafone, iiNet, AAPT, and, of course, TPG itself all live under the umbrella.

Its shares have fallen more than 21% over the past 12 months though, as all the players outside of Telstra Corporation Ltd (ASX: TLS) learnt to coexist in a highly commoditised industry.

But Paterno feels this ASX share offers enough that it’s a tempting post-COVID buy at the moment.

“The company’s international brand attracts immigrants and travellers. Its competitive roaming offer for Australians travelling overseas is another positive,” he said.

“We expect subscriber growth and improving mobile pricing as international borders re-open.”

TPG shares closed Tuesday 1.82% lower at $5.94.

“With the balance sheet rapidly deleveraging amid free cash flow yield forecasts of 7% in calendar year 2023 and 8% the following year, we see scope for higher capital returns.”

The post 3 ASX shares to buy right now that are famous Aussie brands appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: Zip confirms Sezzle talks, Fortescue’s Q2 update
• Are ASX consumer staples shares really ‘safe’ to hold in a market selloff?

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

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