Tag: Motley Fool

Due to the quality on offer in the tech sector, having a little exposure to this side of the market could be a great thing for a balanced portfolio.

With that in mind, I have picked out two top tech shares which have been rated as buys. Here’s what you need to know about them:

Afterpay Ltd (ASX: APT)

Afterpay is a payments company with a focus on the buy now pay later (BNPL) market.

Due to the increasing popularity of BNPL with both consumers and merchants, Afterpay has been growing at a rapid rate in recent years.

Positively, the company looks well-placed to continue its meteoric growth for the foreseeable future thanks to a number of factors. This includes its ongoing international expansion, increasing repeat usage, and new product launches. The latter includes the impending release of banking products via the Afterpay Money app.

One broker that is very positive on its future is Wilsons. The broker currently has a buy rating and $160.20 price target on its shares. Its analysts see huge opportunities for Afterpay in mainland Europe and the Asia-Pacific region.

Life360 Inc (ASX: 360)

Another ASX tech share to look at is app maker Life360. This San Francisco-based company provides families with a market leading app with a wide range of features.

These include real-time location sharing and notifications and driving safety features like Crash Detection and Roadside Assistance. The aim of its app is to remove uncertainty from modern life.

These features are clearly resonating well with families. At the last count, Life360 had more than 25 million monthly active users across 195 countries. And while the pandemic’s impact on mobility has stifled its growth, it is largely expected to accelerate again once the crisis passes.

Bell Potter is a fan of the company and believes it has a bright future ahead of it. The broker currently has a buy rating and $6.00 price target on its shares.

More reading

• Are ASX 200 value shares still good value? Why these experts are at loggerheads
• Why the Telstra (ASX:TLS) share price rose 11% in March
• Why the Afterpay (ASX:APT) share price fell 20% in March
• The Zip (ASX:Z1P) share price crashed 29% lower in March
• These were the worst performing ASX 200 shares in March

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Life360, Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 very exciting ASX tech shares to buy in April appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/39H9mvb

If you’re looking to invest in companies with growing dividends, then you may want to check out the ones listed below.

They may not offer the biggest yields right now, but they could widen materially over the next decade. Here’s what you need to know:

Kogan.com Ltd (ASX: KGN)

Kogan is of course one of Australia’s leading ecommerce companies. It offers everything from electronics, furniture, and even vehicles through its Kogan Cars brand. The company has also bolstered its offering further with the acquisitions of Matt Blatt and Mighty Ape. The latter has added ~750,000 active customers, predominantly in the New Zealand market.

Kogan has been growing strongly over the last few years thanks to the shift to online shopping. This has been particularly the case in FY 2021 due to the pandemic accelerating the shift. For the six months ended 31 December, Kogan reported a 97.4% increase in gross sales to $638.2 million and a 250.2% lift in adjusted net profit after tax to $36.5 million.

The good news is that Kogan appears well-placed for long term growth as more spending ends up online. One broker that expects this to lead to growing dividends is UBS.

It is forecasting a 32 cents per share dividend in FY 2021 and then a 39 cents per share dividend in FY 2022.  Based on the latest Kogan share price of $12.47, this equates to fully franked 2.55% and 3.1% dividend yields.

And while UBS currently has a neutral rating on its shares, its price target of $15.10 is notably higher than where it trades today.

Sonic Healthcare Limited (ASX: SHL)

Another ASX dividend share that is growing at a strong rate is this leading medical diagnostics company.

Thanks partly to increased demand for COVID-19 testing, Sonic released its half year results in February and revealed a 33% increase in revenue to $4.4 billion and a 166% jump in first half net profit to $678 million.

Positively, COVID testing demand remains strong and is expected to stay this way until at least the end of the year. This appears to have put the company in a position to continue its positive form into FY 2022. In addition, the company has a very strong balance sheet, giving it the opportunity to accelerate its growth with acquisitions.

Credit Suisse is a big fan of the company and has an outperform rating and $40.00 price target on its shares.

The broker is also expecting a 93 cents per share partially franked dividend in FY 2021 and a 97 cents per share dividend in FY 2022. Based on the current Sonic Healthcare share price, this will mean yields of 2.6% and 2.7%, respectively.

More reading

• 2 highly rated ASX growth shares to buy now
• 3 outstanding ASX shares to buy and hold
• 2 COVID-19 ASX shares to buy
• These were the worst performing ASX 200 shares in the Q1 of 2021
• These were the worst performing ASX 200 shares in March

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com ltd and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 quick-growing ASX dividend shares to buy appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3fFli4A

Brickworks Limited (ASX: BKW) could be a really good ASX dividend share to own for the long-term.

What is Brickworks?

It’s well-known for being Australia’s biggest brickmaker with a number of different brands including Austral Bricks, Bowral Bricks, Nubrik and Daniel Robertson.

Brickworks also has a number of other products and brands. It offers masonry and stone through Urban Stone, GB Masonry and Austral Masonry. Brickworks has roofing products from Bristle Roofing. The company has specialised building products called Terracade and Pronto Panel. It sells precast with Austral Precast, cement through Southern Cross Cement and timber with Capital Battens.

But there’s a lot more to Brickworks than just Australian building products. It also has American brickmakers in its portfolio after the recent-ish acquisition of companies like Glen Gery and Sioux City Brick.

How are the building products divisions going?

Building product businesses are often cyclical. Sometimes there’s a lot of demand and sometimes there isn’t. How does that make it a good ASX dividend share? I’ll tell you after looking at the performance of the business in the half-year result. 

In Australia the company is seeing growing demand for Austral Bricks and Bristle Roofing, with all business units posting improved earnings results. Queensland in-particular is seeing a strong performance.

The Australian division saw FY21 half-year earnings before interest and tax (EBIT) increase by 60% to $16 million. An important part was a reduction in costs.

Since commissioning last financial year, Southern Cross Cement has received well over 200,000 tonnes of cement, with operational performance and returns exceeding initial forecasts.

However, the global pandemic has had a harder impact on the US but there is an increasing demand for single family housing, just like Australia. But sales for single family housing only make up 36% of the total, much less than Australia. Glen Gery’s primary exposure is non-residential building segment. The least affected of Brickworks’ regions was still down 23% in the mid-Atlantic, with many major projects delayed or cancelled.

The North American division saw half-year EBIT fall 33% to $4 million. The impact of the decline in Glen Gery’s core markets was offset by the acquisition of Redland Brick.

Brickworks’ ASX dividend share credentials

It’s not the construction division that funds the Brickworks dividend. It’s actually two other divisions that do the heavy lifting.

Brickworks hasn’t cut its dividend for 45 years, making the company one of the most stable on the ASX for income.

That dividend growth and stability is funded by its large holding of the investment conglomerate Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) which is invested in sectors like resources, telecommunications, property and financial services.

It also owns half of an industrial property trust, along with Goodman Group (ASX: GMG). Industrial real estate has been particularly resilient throughout the COVID-19 pandemic according to Brickworks. Half-year net trust income increased by 7% to $16 million.

The Brickworks share of the trust, after debt, is now worth $777 million. Works and potential opportunities continue at the property estates. The ASX dividend share explained that the completion of 171,300 square metres of facilities over the next two years will result in gross rent increasing by around $38 million, representing a 40% uplift from the current level.

At the current Brickworks share price, it has a grossed-up dividend yield of 4.1%.

More reading

• Top ASX shares to buy in April 2021
• Vanguard Australian Property ETF (ASX:VAP) announces dividend
• 2 of the best ASX 50 shares to buy in April
• These were the best performers on the ASX 200 last week
• ASX dividend aristocrat? Here’s an ASX dividend share that has a shot

Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why Brickworks (ASX:BKW) is a top class ASX dividend share appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3uo9Gqv

Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Credit Suisse, its analysts have retained their outperform rating and $29.50 price target on this banking giant’s shares. Credit Suisse notes that COVID-19 loan deferrals are continuing to decline in the sector. This was certainly the case at ANZ, with the bank seeing its total loan deferral balance more than halve during the month of February. This appears to reinforce the broker’s view that the worst is over and the outlook for the sector is improving greatly. The ANZ share price ended the week at $28.24.

Fortescue Metals Group Limited (ASX: FMG)

Analysts at Ord Minnett have retained their buy rating and $30.00 price target on this iron ore producer’s shares. This follows the company’s event discussing Fortescue Future Industries. While the full details of the clean energy-focused business have not been revealed, the broker appears confident that it won’t negatively impact shareholder value. In light of this, it remains very positive on the company, particularly with the sky high iron ore price and a recent pullback in its share price. The Fortescue share price is currently trading at $20.25.

Xero Limited (ASX: XRO)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and lifted their price target on this cloud-based business and accounting platform provider’s shares to $140.00. The broker has been looking at its recent acquisitions of Planday and Tickstar and appears to believe that they will be supportive of growth in the future. In addition to this, it feels the risk/reward on offer with its shares is attractive after recent share price weakness. The Xero share price was trading at $130.87 at the end of the week.

More reading

• 5 of the best ASX shares to buy after the Easter break
• Commonwealth Bank (ASX:CBA) share price and weekly news wrap
• Here’s why the ANZ (ASX:ANZ) share price jumped 8% in March
• Why the Xero (ASX:XRO) share price outperformed in March
• Here’s why the Fortescue (ASX:FMG) share price sank 17% in March

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

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

from The Motley Fool Australia https://ift.tt/2R8vLeJ

Since it’s Easter time, you’ve probably taken some time away from eating chocolate to visit the Motley Fool. I thought this might be a good opportunity to dive into the industry that is Easter chocolate. Investing doesn’t have to take an Easter break, after all!

So let’s dive right into the chocolate pile

Chocolate all round

So, according to a 2016 Roy Morgan survey (which is a few years old, but our chocolate habits probably don’t change too much), Australians favourite chocolate brands include the following: Cadbury, Cherry Ripe, Kit Kat, Mars Bars, Snickers, Lindt, Ferrero Rocher, Freddo Frog, Crunchie, Boost, Flake, Twirl and Bounty.

Of these brands, Cherry Ripe, Freddo Frog, Crunchie, Boost, and Twirl are all owned by Cadbury. It may not come as a surprise that Cadbury dominates our local chocolate industry.

Cadbury itself is a subsidiary of the US-listed food giant Mondelez International Inc (NASDAQ: MDLZ), despite its British roots. Mondelez also owns the Toblerone and Oreo brands.

Mars Bars, Snickers, and Bounty are all owned by Mars, Incorporated. This company, also American, is one of the largest private companies in the world. So no Mars shares up for trading for us retail investors! Mars also owns the Wrigley’s line of gum, as well as the Eukanuba and Pedigree brands of pet food.

Kit Kat is owned by the Swiss company Nestle SA (SWX: NESN), which is the largest food company in the world. Nestle also owns Allen’s lolly range, as well as chocolates like Milky Bar, Aero, and Smarties.

Ferrero Rocher is owned by, well, Ferrero Group, who also owns Kinder Suprise, Nutella, and Raffaello. Ferrero is also a private company, but an Italian one.

And finally we have Lindt, or Chocoladefabriken Lindt & Sprüngli AG (SWX: LISN) if you want its full name. Lindt is also a publically traded Swiss company. Its famous products are arguably the Lindor balls and gold bunnies, which are a staple sight on supermarket shelves at Easter.

Foolish takeaway

Chocolate is a big business, especially at this time of year. As such, it’s certainly interesting to see which companies dominate our Easter purchasing in Australia. No surprises to see the Swiss making their names felt. However, it’s interesting to explore the origins of brands like Mars, Cadbury and Ferrero as well. Happy Easter!

More reading

• Top brokers name 3 ASX shares to sell next week
• Top broker picks the best ASX shares to buy for the new quarter
• 3 five-star ASX shares to buy in April
• 2 blue chip ASX dividend shares you can buy in April
• 2 highly rated ASX growth shares to buy now

Motley Fool contributor Sebastian Bowen owns shares of Mondelez International. 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.

The post The chocolate industry: An Easter breakdown of who owns what appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3midnv7

Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

AGL Energy Limited (ASX: AGL)

According to a note out of UBS, its analysts have retained their sell rating and $10.10 price target on this energy company’s shares. The broker notes that AGL plans to separate into two companies – New AGL and PrimeCo. While UBS believes New AGL will be a more ESG-friendly option for investors, it struggles to see the appeal of PrimeCo. This is due to the latter’s thermal coal assets. UBS also notes that the full details of the plan have yet to be released. The AGL share price ended the week at $9.72.

Bendigo and Adelaide Bank Ltd (ASX: BEN)

Analysts at Morgan Stanley have retained their underweight rating and $9.90 price target on this regional bank’s shares. According to the note, the broker believes the banking sector’s near term outlook is positive due to heightened liquidity, favourable shifts in deposits, and low wholesale funding costs. However, it doesn’t see enough value in Bendigo and Adelaide Bank’s shares to have a more positive rating. Especially given its concerns over ongoing margin management and costs. The Bendigo and Adelaide Bank share price was trading at $9.97 at the end of the week.

JB Hi-Fi Limited (ASX: JBH)

Another note out of Morgan Stanley reveals that its analysts have downgraded this retailer’s shares to an underweight rating with a reduced price target of $46.00. According to the note, Morgan Stanley made the move largely on valuation grounds and sees far more value in rival Harvey Norman Holdings Limited (ASX: HVN). Furthermore, the broker notes that JB Hi-Fi is now cycling the panic buying period at the height of the pandemic. This could make achieving comparable store sales growth hard in the coming months. The JB Hi-Fi share price ended the week at $51.01.

More reading

• Why the JB Hi-Fi (ASX:JBH) share price surged 19% in March
• Top brokers name 3 ASX shares to sell today
• Afterpay (ASX:APT) also signs deal with JB Hi-Fi & The Good Guys
• Why AGL, Bubs, Harvey Norman, & Openpay are tumbling lower
• The Zip (ASX:Z1P) share price is seesawing today on partnership news

Motley Fool contributor James Mickleboro 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.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3mibkHr

Our market is expected to open on a positive foot on Tuesday and Morgans is recommending these ASX shares to buy if you want to make the most of the next leg in the market rally.

The futures market is tipping a more than 1% gain for the S&P/ASX 200 Index (Index:^AXJO) cum Tuesday after Wall Street hit another record high.

Don’t be put off by high valuations. Morgans is urging investors to maintain an overweight position on equities.

Best ASX investment strategy

The global roll-out of COVID-19 vaccinations paint a bright picture for risk assets. The broker is pro-risk for the next six to 12 months.

“Ultimately, we think investors need to be nimble across multiple themes (value, growth, yield, commodities, tech) as a bumpy road to recovery is likely to see valuations move through over-valued and under-valued territory,” said Morgans.

“Equity investors need to consistently review their exposures, and to not be afraid to re-cycle profits into relative cheaper opportunities which we are finding are regularly presenting in the current climate.”

ASX financial shares to bank on

The broker believes that ASX domestic cyclical shares and those most beaten down by the pandemic represent the best opportunity.

One such group is banks and financials. ASX shares that Morgans believes are worth buying include the Westpac Banking Corp (ASX: WBC) share price and Macquarie Group Ltd (ASX: MQG) share price.

Why you should buy ASX commodity shares

Resources and agriculture shares are also favoured by the broker. Morgans is bullish about commodities due to improving demand, supply-side constraints, inflation worries and expected weakness in the US dollar.

This explains why the BHP Group Ltd (ASX: BHP) share price, Santos Ltd (ASX: STO) share price and Nufarm Ltd (ASX: NUF) share price as also on its buy list.

“Our Best ideas profile several domestic cyclicals and small caps supported by their lower relative valuations and leverage to domestic activity,” added the broker.

Other ASX shares on the buy list

The shares to target here are the People Infrastructure Ltd (ASX: PPE) share price, Corporate Travel Management Ltd (ASX: CTD) share price and Sydney Airport Holdings Pty Ltd (ASX: SYD) share price.

Finally, another thematic to watch is market volatility. The broker noted that some “high-quality names” have been sold-off recently and the dip represents a buying opportunity as well.

Some examples are the CSL Limited (ASX: CSL) share price, Magellan Financial Group Ltd (ASX: MFG) share price and Nextdc Ltd (ASX: NXT) share price.

Who said the ASX lacked buying opportunities?

More reading

• 2 blue chip ASX dividend shares you can buy in April
• These were the worst performing ASX 200 shares last week
• These were the best performing ASX 200 shares last week
• Brokers name 3 ASX shares to buy right now
• 5 of the best ASX shares to buy after the Easter break

Brendon Lau owns shares of BHP Billiton Limited, CSL Ltd., Macquarie Group Limited, Nufarm Limited, Santos Limited, and Westpac Banking. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and People Infrastructure Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Macquarie Group Limited. The Motley Fool Australia has recommended People Infrastructure Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Top broker picks the best ASX shares to buy for the new quarter appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/39GWaq9

Are you looking to make some additions to your portfolio in April? If you are, the three ASX shares listed below could be great options.

They have been tipped as shares that could generate strong returns for investors in the future. Here’s why they could be five-star stocks:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first five-star stock to look at is Domino’s. This pizza chain operator could be a good option due to its strong market position and bold growth targets. At the end of the first half of FY 2021, Domino’s had a network of 2,800 stores. This was up 5% from 2,668 stores at the end of FY 2020. Positively, the company still sees significant room for growth over the next decade. In fact, management expects to almost double its network to 5,500 stores by 2033. At the same time, Domino’s is targeting consistently solid organic same store sales growth. If it delivers on these targets, it should result in strong top line growth over the next decade.

Morgans is a fan of the company and has an add rating and $119.00 price target on its shares.

REA Group Limited (ASX: REA)

Another five-star stock to consider buying is REA Group. It is the digital advertising company that operates Australia’s leading property website, realestate.com.au. It also operates a number of complementary websites in the Australian market and internationally. Although market conditions were tough over the last few years, the resilience of its business model allowed REA Group to continue its growth. Pleasingly, with the housing market now booming, demand for listings looks set to increase materially. Combined with new revenue streams and its good cost control, REA Group appears well-placed to accelerate its growth.

One broker that rates REA Group highly is Macquarie. It is very positive on the company’s outlook and has an outperform rating and $171.70 price target on its shares.

ResMed Inc. (ASX: RMD)

A final five-star share to buy is ResMed. This sleep treatment-focused medical device company could be a great long term option due to the quality of its masks and software-as-a-service solution and their growing addressable market. In respect to the latter, demand for its offering looks set to grow in the future as the number of people diagnosed with sleep disorders increases. For example, management estimates that there could be upwards of 1 in 7 people impacted by sleep apnoea, with the vast majority of them undiagnosed. This potentially provides ResMed with a significant runway for growth over the next decade. 

Credit Suisse is bullish on the company. It currently has an outperform rating and $29.50 price target on ResMed’s shares.

More reading

• 5 of the best ASX shares to buy after the Easter break
• 2 ASX growth shares to buy in April
• What brokers think of REA (ASX:REA) share price following acquisition
• Over 1 in 4 Australians are investing in the ASX: report
• 3 of the best ASX shares to buy in April

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, REA Group 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.

The post 3 five-star ASX shares to buy in April appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/2OhMTxj

With interest rates unlikely to be going higher in the near future, ASX dividend shares look set to remain the best place to earn a passive income.

But which ASX dividend shares should you buy? Two blue chips that are highly rated are listed below:

BHP Group Ltd (ASX: BHP)

The first ASX dividend share to consider is BHP. This mining giant is expected to generate significant free cash flow in the near term thanks to very favourable commodity prices.

For example, due to sky high iron ore and copper prices, during the first half of FY 2021, the Big Australian reported a 15% increase in revenue to US$25.64 billion and a 21% jump in underlying EBITDA to US$14.7 billion. This led to BHP generating US$5.2 billion of free cash flow, with the vast majority of it returning to shareholders through dividends.

Goldman Sachs expects more of the same in the second half and into next year. As a result, it is forecasting dividends of $2.31 per share in FY 2021 and $2.13 per share in FY 2022.

Based on the current BHP share price of $45.65, this equates to fully franked 5.1% and 4.7% dividend yields. Goldman has a buy rating and $53.40 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another ASX dividend share to consider is Westpac. Like BHP, Westpac has been performing strongly so far in FY 2021.

In February the bank released its first quarter update and reported a $1.97 billion first quarter cash profit. This was more than double the average quarterly cash profit it recorded during the second half of FY 2020.

But perhaps the most positive aspect of its result was the reversing of provisions. With the Australian economy faring materially better than expected during the pandemic, Australia’s oldest bank reversed ~$500 million of COVID-19 related impairments.

This leaves the bank in a very strong position financially. So much so, some analysts are tipping Westpac to launch capital initiatives such as a share buyback program in FY 2022.

One broker that believes the Westpac share price is in the buy zone is Morgans. It currently has an add rating and $27.50 price target on the bank’s shares.

The broker is also forecasting dividends of $1.32 per share in FY 2021 and then $1.43 per share in FY 2022. Based on the latest Westpac share price of $24.54, this will mean fully franked yields of 5.4% and 5.8%.

More reading

• Brokers name 3 ASX shares to buy right now
• 2 ASX dividend shares to buy this April
• Commonwealth Bank (ASX:CBA) share price and weekly news wrap
• ASX 200 boom as Joe Biden unveils massive infrastructure, tax package?
• Why the BHP (ASX:BHP) share price fell 9.5% in March 

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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.

The post 2 blue chip ASX dividend shares you can buy in April appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3wgFIXk

If you’re a fan of growth shares, then I have good news for you. The Australian share market is home to a good number of companies growing their earnings at a quick rate.

Two ASX growth shares that could be worth a closer look are listed below. Here’s what you need to know about them:

Kogan.com Ltd (ASX: KGN)

The first ASX growth to look at is Kogan. This leading ecommerce company has been growing at a rapid rate in FY 2021 thanks to the accelerating shift to online shopping. And while the rate that it is growing at will inevitably moderate in the near future, its long term outlook remains very positive.

This is thanks to the structural shift online, its growing customer base, acquisitions and expansions, and increasing Exclusive Brands sales. Credit Suisse is very positive on the company. Its analysts currently have an outperform rating and $20.85 price target on its shares. This compares to the current Kogan share price of $12.47.

Pro Medicus Limited (ASX: PME)

Another growth share to look at is Pro Medicus. It is a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS), and advanced visualisation solutions. The company notes that it provides products and services that combine speed, scalability, stability, and smarts. This is to help eliminate administrative tasks and workarounds, optimise the efficiency of clinical and administrative staff, and maximise profits.

Pro Medicus has been growing its earnings at a rapid rate over the last decade. And thanks to increasing demand for its technology from some of the biggest healthcare institutions in the world, it appears well-placed to continue this positive form for the foreseeable future. Goldman Sachs is a fan of the company and recently upgraded Pro Medicus’ shares to a buy rating with a $53.80 price target. The Pro Medicus share price last traded at $43.29.

More reading

• 3 outstanding ASX shares to buy and hold
• These were the worst performing ASX 200 shares in the Q1 of 2021
• Here’s why the Pro Medicus (ASX:PME) share price is charging higher
• These were the worst performing ASX 200 shares in March
• 2 exciting ASX growth shares to buy next month

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com ltd and Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 highly rated ASX growth shares to buy now appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3cHHFUZ