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Earlier today I had a look at a couple of shares that might be suitable for investors with a high risk tolerance. You can read about them here.

On this occasion, I’m going to move down to the opposite end of the risk scale, to companies which would be suitable for those in retirement with a lower tolerance for risk.

Here’s why these ASX shares could be suitable for a well-balanced retirement portfolio:

Transurban Group (ASX: TCL)

The first option to consider is Transurban. It is one of the world’s leading toll road operators and the owner of a collection of important roads in Australia and North America.

Due to the quality of these assets, the time savings they offer, and their strong pricing power (in non-COVID times), Transurban appears to be well-placed to increase its dividend at a solid rate over the next decade once the pandemic passes.

Analysts at Ord Minnett think now could be a good time to invest. Late last month the broker upgraded Transurban’s shares to an add rating with a price target of $16.50. The broker is forecasting a 42.8 cents per share dividend in FY 2021 and then a 56.9 cents per share dividend in FY 2022. 

Based on the latest Transurban share price of $13.69, this will mean forward yields of 3.1% and 4.15%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 share that could be a good option for a retirement portfolio is Wesfarmers.

Thanks to the quality of its portfolio, which includes brands such as Bunnings, Catch, and Kmart, Wesfarmers appears well-positioned for growth over the long term. Also boosting its growth should be its industrial businesses, which have positive outlooks as well. This is certainly the case with its Kidman Resources business, which is exposed to the lithium boom.

In addition to this, Wesfarmers has a proud history of making successful earnings accretive acquisitions. Given its strong balance sheet, it has the capacity to make more of these in the future.

Last week analysts at Macquarie upgraded the company’s shares to an outperform rating with a $60.00 price target. The broker has pencilled in dividends of 150.3 cents per share and 155.9 cents per share for the next two years. Based on the current Wesfarmers share price, this represents fully franked forward yields of 2.7% and 2.8%, respectively.

More reading

• Brokers name 3 ASX shares to buy right now
• Why the Wesfarmers (ASX:WES) share price has soared 24% in a year
• 2 ASX dividend shares with very attractive yields
• 4 most trusted ASX companies (and the 4 least trusted)
• 2 ASX 200 shares to buy for growth

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban Group and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking for an easy way to invest in international shares for diversification, then exchange traded funds (ETFs) could be just what you need.

But which ETFs should you look at? One to consider is the BetaShares Asia Technology Tigers ETF (ASX: ASIA).

Why the BetaShares Asia Technology Tigers ETF?

The BetaShares Asia Technology Tigers ETF could be a great option for investors that are looking for exposure to international tech shares.

This is because this fund gives investors exposure to a number of the most exciting tech shares in the Asia market (excluding Japan).

Among the fund’s holdings you will find the likes of, Alibaba, Baidu, JD.com, Meituan Dianping, Pinduoduo, Samsung, and Tencent.

What do these companies do?

To give you an idea of what you are investing in, I thought I would give you a little summary of what these companies do.

The first one I’m going to look at is Baidu. It is often referred to as China’s version of Google.

As you may be aware, much to the delight of Baidu, Google is not able to operate in China. This has allowed it to become the dominant search engine in the country by some margin.

In addition to this, the company is responsible for the iQIYI video streaming service, which is China’s equivalent of Netflix. At the end of September, iQIYI’s paid subscribers reached 104.8 million. This compares to 203.7 million Netflix subscribers globally.

Another company included in the ETF is Alibaba. It is the Amazon of China and at the end of September had 757 million annual active customers. The company is estimated to control a sizeable 56% of China’s e-commerce market across its numerous brands.

Finally, another company in the fund is Meituan Dianping. Through its app, it connects consumers with local businesses for food deliveries, hotel bookings, and movie tickets, among many other services. At the end of the second quarter of FY 2020, Meituan Dianping was making 24.5 million food deliveries per day and had a total of 476.5 million users.

Given the quality in this fund and their strong growth, it will come as no surprise to learn that the BetaShares Asia Technology Tigers ETF has vastly outperformed the ASX 200 over the last 12 months.

Since this time in 2020, the BetaShares Asia Technology Tigers ETF share price has charged X% higher.

More reading

• 2 great ETFs to buy for growth potential
• 2 outstanding ASX tech shares to buy
• 2 outstanding ETFs for ASX investors to buy in February
• 2 ETFs to buy for strong diversification
• 2 excellent ETFs for ASX investors in February

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Smaller ASX dividend shares can offer just as large dividend yields as bigger businesses.

Here are two little-known businesses that have income yields bigger than the market average:

360 Capital REIT (ASX: TOT)

According to the ASX, 360 Capital REIT has a market capitalisation of $121 million.

This is a real estate investment trust (REIT) which invests across the entire real estate industry to take advantage of varying market conditions in order to maximise returns for investors.

It is managed by 360 Capital Group Ltd (ASX: TGP), which is an investment and funds management group, focused on strategic and active investment management of alternative assets.

360 Capital REIT recently changed its strategy to focus on equity investing in real estate assets and businesses and exiting its debt investments.

The ASX dividend share recently completed the sale of its Penrith shopping centre asset, in line with the book value.

A recent investment that the business made was acquiring a 9.18% stake in Irongate Group (ASX: IAP) for approximately $78.6 million. Irongate is an ASX-listed diversified REIT with approximately $1.1 billion of assets on the balance sheet and a third-party funds management platform. It also announced it had agreed terms to become a major equity partner in an unlisted real estate funds management platform with settlement expected this month.

The ASX dividend share explained that based on the recurring nature of the income from these investments, the REIT decided to provide guidance of 6 cents per unit for FY21. At the current 360 Capital REIT share price, it has a FY21 distribution yield of 6.8%.

At the FY20 result, which was released almost six months ago, the business said that it had net tangible assets (NTA) per share of $1.13. The current 360 Capital REIT share price is trading at a 22% discount to its NTA.

Pengana Capital Group Ltd (ASX: PCG)

Pengana is a fund manager that predominately provides investment services to retail investors. According to the ASX, Pengana has a market capitalisation of $181 million. 

The last funds under management (FUM) update showed that the FUM had grown to $3.6 billion, up from $3.5 billion in the previous monthly update.

Pengana has a number of different investment strategies for investors to utilise. It has Australian multi-caps, Australian small caps, global multi-caps, global small caps and global private equity.

The ASX dividend share believes that it has a long-term and loyal customer base of financial advisors, retail investors and high net worth individuals with more than 20% in listed vehicles.

Listed investments have a stable pool of funds which allows it to invest for the long-term and provides consistent management fees.

One of the ways that Pengana plans to grow is overseas expansion. It bought two thirds of Lizard Investors in the US, Pengana plans to help it increase its FUM whilst also transforming Lizard into a platform for managing other strategies.

Pengana management think that eventually Lizard can grow to become the same size as the Australian business.

At the current Pengana share price, it has a grossed-up dividend yield of 6.3%.

More reading

• 3 small ASX dividend shares with big yields
• 3 secret ASX dividend shares with large yields

Motley Fool contributor Tristan Harrison 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 your risk profile allows for it, then having a little exposure to the small side of the market could be a good thing for a balanced portfolio.

After all, you only have to look at how companies like Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) have gone from being small caps flying under the radar to multi-billion dollar industry giants in just a few short years.

But which ASX small cap shares should you look at? Here are two to become better acquainted with:

IntelliHR Ltd (ASX: IHR)

The first small cap to look at is IntelliHR. It is a cloud-based human resources and people management platform provider that has been growing at a solid rate over the last 12 months.

For example, IntelliHR recently released its second quarter update and revealed a $0.5 million or 23% quarter on quarter increase in its Annual Recurring Revenue (ARR) to $2.9 million. Management advised that this strong growth was achieved thanks to the addition of a record 24 new paying customers. This increased its total contracted customers to 151, which was 26% higher than the first quarter.

According to a recent presentation, the company’s global addressable market is in excess of $38 billion. This gives it a significant runway for growth over the next decade and beyond.

Whispir (ASX: WSP)

Whispir is a software-as-a-service communications workflow platform provider. Its popular platform automates communications between organisations and people. This enables users to improve their communications through automated workflows to ensure stakeholders receive accurate, timely, useful, and actionable insights.

An example of this is the government using Whispir’s platform during the height of the COVID-19 pandemic. This included interactive two-way messages and real-time updates to sufferers and those who had been in the close contact with someone with COVID-19, as well as daily communications with those in self-isolation.

Whispir’s has been a very positive performer in FY 2021. The company recently released its second quarter update and revealed ARR growth of 29.2% to $47.4 million. Management advised that this was driven by ongoing demand for communications software to automate processes and improve stakeholder engagement.

The good news is that this represents less than 1% of an overall market opportunity which is estimated to be worth US$8 billion per year by 2024.

More reading

• These were the best performing ASX 200 shares last week
• ASX 200 rises 1%, Zip soars, REA reports
• Afterpay (ASX:APT) share price higher following PayPal’s BNPL update
• 2 ASX growth shares to buy right now
• Leading broker tips 3 ASX shares to positively surprise during earnings season

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 Whispir Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia has recommended Whispir 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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Some blue chip ASX shares out there are rated as buys by brokers.

It can sometimes be worth taking into account what brokers think because they are constantly looking at which shares look good value and what investments could make money. They have access to research and tools that many retail investors don’t.

Here are two blue chip ASX shares:

Macquarie Group Ltd (ASX: MQG)

Macquarie is one of the biggest businesses on the ASX with a market capitalisation of $48.7 billion, according to the ASX.

The investment bank is currently liked by two brokers, including Morgan Stanley. The broker thinks that the FY21 third quarter profit will be roughly in line with last year’s figures. However, an improving economic environment could see Macquarie match or even exceed the market’s expectations for the FY21 result.

In early November the business reported its FY21 half year result, which included a lot of COVID-19 pain. It said that net profit was down 32% compared to the prior corresponding period, with credit and impairment charges of $447 million, up from $139 million, primarily related to a deterioration in the current and expected economic conditions.

At 30 September 2020, the blue chip ASX share had $556.3 billion of assets under management (AUM), which was down 7% from 31 March 2020.

Macquarie recently announced the acquisition of Waddell & Reed Financial, a US-based asset and wealth manager for US$1.7 billion. Macquarie plans to divest one segment of Waddell & Reed and keep the asset management business which had US$68 billion of AUM.

The blue chip ASX share said that increased scale and diversification of the combined platform will create significant long-term benefits for clients, advisors and shareholders.

According to Commsec, the Macquarie share price is valued at 16x FY23’s estimated earnings.

CSL Limited (ASX: CSL)

CSL is one of the biggest biotech businesses in the world with a market capitalisation of just over $125 billion, according to the ASX.

The blue chip ASX share is currently liked by at least three brokers.

Brokers like the portfolio of assets and products that CSL has, giving it growth options such as the cardiovascular opportunity.

However, there have been problems with plasma collection due to the COVID-19 pandemic. CSL said it’s being restrained and there are higher costs for collection, but it does have multiple initiatives underway to mitigate the impact.

We’ll soon hear the FY21 half-year result from the healthcare giant. But the company did give an update at its annual general meeting (AGM).

CSL is expecting strong demand for its plasma and recombinant therapies to continue. In Seqirus, it’s expected to continue to benefit from its differentiated products and strong demand for influenza vaccines, driven in part by governments wanting to protect their populations from contracting two viruses.

The blue chip ASX share also said that sales of albumin are expected to normalise after the successful transition to the new business model in China.

In terms of research and development, CSL said that its response to COVID-19 as well as new initiatives will put upward pressure on the research and development expense, but this is still within 10% to 11% of the revenue guidance.

FY21 revenue is expected to grow by between 6% to 10%, whilst net profit after tax (NPAT) is expected to grow by 3% to 8% to US$2.17 billion to US$2.265 billion.

According to Commsec, the CSL share price is valued at 34x FY23’s estimated earnings.

More reading

• Top brokers name 3 ASX shares to sell next week
• 5 things to watch on the ASX 200 next week
• 3 compelling ASX shares to buy in February
• 2 compelling ASX 200 blue chip shares to buy in February
• Top ASX shares to buy in February 2021

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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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 Morgans, its analysts have retained their add rating and lifted the price target on this banking giant’s shares to $28.50. The broker made the move ahead of a series of updates in the sector during February. Morgans suspects that credit impairment charges could positively surprise this month based on APRA’s COVID loan deferral updates. Looking ahead, the broker is expecting ANZ to pay shareholders a dividend of $1.27 per share in FY 2021. The ANZ share price ended the week at $25.29. This means its shares potentially offer both decent upside and a dividend yield of 5%.

Kogan.com Ltd (ASX: KGN)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and lifted the price target on this ecommerce company’s shares to $21.08. According to the note, Kogan delivered a half year update in line with the broker’s expectations. Looking ahead, Credit Suisse believes the company is well-placed for growth thanks to the acquisition of Mighty Ape, its expanding product range, and the shift to online shopping. The Kogan share price last traded at $17.28.

ResMed Inc. (ASX: RMD)

Analysts at Credit Suisse have retained their outperform rating and $29.50 price target on this sleep treatment-focused medical device company’s shares. According to the note, the broker believes ResMed is well-placed to benefit from a shift to home healthcare. This follows the company’s investment in the out of hospital space over the last few years. This includes the US$800 million acquisition of Brightree in 2016. The ResMed share price ended the week at $26.70.

More reading

• How to turn $20,000 into $1 million in 10 years with ASX shares
• CBA (ASX:CBA) share price rises as bank cuts savings rate
• Westpac (ASX:WBC) share price to close gap with CBA (ASX:CBA) says Morgans
• This chart shows why the ASX bull market can keep running
• Commonwealth Bank (ASX:CBA) tipped to increase dividend by 50% next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended 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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Warren Buffett has generally held a negative viewpoint of gold over recent decades.

While some investors have sought refuge in the precious metal during periods of economic uncertainty, he has instead purchased high-quality companies when they trade at low prices.

His strategy has been hugely successful. It has easily outperformed the stock market over the long run, and could continue to do so in future.

Therefore, rather than investing money in gold while the economy currently faces a challenging near-term future, purchasing undervalued stocks could be a more profitable move.

The risks of investing in gold

Warren Buffett’s avoidance of gold may be partly due to the track record of the stock market. Even though it has experienced numerous downturns in the past, it has always recovered from them. Therefore, a strategy that seeks to buy cheap stocks and hold them in the long run has generally been a sound means of taking advantage of the market cycle.

By contrast, many investors buy gold when economic uncertainty is high. Its defensive qualities mean that it is usually less correlated to the prospects for global GDP growth.

However, buying gold at such times can mean paying a high price that limits capital growth opportunities. Furthermore, investor sentiment has always improved following even the very worst market downturns. As such, Buffett’s strategy of banking on a recovery via cheap stocks could be far more profitable than buying gold ahead of a likely reduction in risk aversion among investors.

Warren Buffett’s focus on quality

Of course, Warren Buffett does not only seek to buy cheap stocks. He focuses on the quality of a company above all else. For him, this means identifying businesses with wide economic moats. For example, this may be a unique product, strong brand loyalty or a cost base that is significantly lower than sector peers. A wide economic moat can produce higher margins, more resilient financial performance, and faster-growing profitability in the long run.

Buffett seeks to identify high-quality companies when they temporarily trade at low prices. This may be caused by economic weakness, but could also be prompted by weak industry operating conditions. Where a company has a wide economic moat, a sound strategy to overcome short-term difficulties, and the financial means to put its plan into action, Buffett has often invested.

A long-term view

A strategy that seeks to buy high-quality companies at low prices requires a long time horizon. While the economy has always returned to growth following recessions, and the stock market has made gains following every previous downturn, it can take time for these events to take place.

Warren Buffett has an extremely long time horizon. This provides scope for all of his purchases to recover from their short-term challenges. In doing so, they have often outperformed the wider stock market and produced returns that are significantly higher than those of gold.

More reading

• 2 high quality ASX dividend shares you can buy right now
• Top brokers name 3 ASX shares to sell next week
• Why ASX miners will get a double tailwind from Biden’s US$1.9tn stimulus
• 5 things to watch on the ASX 200 next week
• 2 exciting mid-cap ASX shares to buy and hold

Motley Fool contributor Peter Stephens 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 wanting to overcome the ultra low interest rates being offered with savings accounts and term deposits, then the share market could be the answer.

Two ASX dividend shares that offer investors interest rate-beating yields are listed below. Here’s what you need to know:

Accent Group Ltd (ASX: AX1)

Although the name may not be familiar, Accent is one of Australia’s leading retailers and responsible for a number of popular retail brands. These include HYPEDC, The Athlete’s Foot, and Platypus, among others.

While some retailers have struggled over the last 12 months, Accent certainly isn’t one of them. After delivering a strong result in FY 2020, it is on course to do the same in FY 2021 thanks to the redirection of consumer spending and solid demand for leisure footwear.

One broker that has been pleased with its performance so far this financial year is Citi. In response to its recent trading update, the broker put a buy rating and $2.60 price target on its shares. It is also forecasting an 11 cents per share dividend. Based on the current Accent share price, this represents a fully franked 4.7% dividend yield.

Telstra Corporation Ltd (ASX: TLS)

This telco giant’s shares may have been a very disappointing place to have invested over the last decade, but there are signs that the good times are coming back at long last. This is due to the easing NBN headwind, rational competition, lucrative 5G internet, and a potential splitting up of the company to unlock value.

Another positive is that a number of brokers believe the dividend cuts are over and feel Telstra’s free cash flow is sufficient to maintain its 16 cents per share dividend for the foreseeable future. Goldman Sachs is one of those. Based on the latest Telstra share price, this will mean a 5.1% dividend yield. Goldman also has a buy rating and $3.80 price target on its shares.

More reading

• 5 things to watch on the ASX 200 next week
• Brokers name 2 ASX blue chips to buy
• 4 most trusted ASX companies (and the 4 least trusted)
• 2 generous ASX dividend shares to beat low rates
• Telstra (ASX:TLS) dumps NRL, AFL streaming

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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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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 Credit Suisse, its analysts have retained their underperform rating and cut the price target on this energy company’s shares to $9.50. The broker made the move after AGL announced multi-billion asset impairments last week. A good portion of these were for onerous contracts relating primarily to legacy wind farm offtake agreements. The company also spoke very negatively about the outlook for wholesale electricity prices. The AGL share price ended the week at $11.39.

Commonwealth Bank of Australia (ASX: CBA)

A note out of Morgans reveals that its analysts have retained their reduce rating and lowly $64.00 price target on this banking giant’s shares. The broker believes that Commonwealth Bank’s shares are overvalued at the current level. In light of this, it expects them to underperform the other major banks. Especially when trading conditions return to relatively normal. It feels that CBA has benefited from the perception of it being the lowest risk bank. However, it suspects that investors will soon start to place less emphasis on risk profiles and pay more attention to valuations. The Commonwealth Bank share price last traded at $88.64.

Macquarie Group Ltd (ASX: MQG)

Analysts at Citi have downgraded this investment bank’s shares to a sell rating and cut the price target on them to $120.00. According to the note, the broker is a fan of the company and sees opportunities for long term growth. However, it suspects that the market is expecting too much from the company in the near term. Particularly given the headwinds it is facing from a stronger Australian dollar and low commodity price volatility. It also feels that potential tax increases in the US would be bad news for the bank. The Macquarie share price ended the week at $134.52.

More reading

• 5 things to watch on the ASX 200 next week
• CBA (ASX:CBA) share price rises as bank cuts savings rate
• Westpac (ASX:WBC) share price to close gap with CBA (ASX:CBA) says Morgans
• ASX 200 falls 0.9%, Nick Scali reports, Vulcan jumps
• What to expect from the Commonwealth Bank (ASX:CBA) half year result

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The market is expected to kick off the week on a positive footing, but it’s the ASX miners that could be leading the charge tomorrow.

The S&P/ASX 200 Index (Index:^AXJO) is likely to follow the positive leads from Wall Street with the S&P 500 (INDEXSP: .INX) jumping 0.4%.

The market is getting excited about US President Joe Biden’s US$1.9 trillion stimulus package. It’s looking increasingly likely that this generous package will pass Congress. The disappointing US job report released on Friday will just about guarantee it.

Double benefit to ASX mining shares

While this wall of cash will lift risk assets, it will provide ASX miners with a double tailwind.

The first tailwind relates to the US dollar, which tumbled on the news. The huge stimulus will significantly add to the US government’s burgeoning debt burden. This will keep the greenback under pressure.

You can see this from the jump in the Australian dollar over the weekend. The Aussie was trading under US76 cents but popped to just under US77 cents. That may not sound like much to you, but it’s a sizable move to make in a day.

ASX miners benefitting from the weaker US dollar

The weakening US dollar in turn gave commodities a big boost. Dr Copper led other industrial metals higher with a 2% jump to US$3.63 a pound, while the gold price gained 1.2% to US$1,813 an ounce.

That’s great news for the likes of the OZ Minerals Limited (ASX: OZL) share price, South32 Ltd (ASX: S32) share price and Newcrest Mining Ltd (ASX: NCM) share price.

The falling US dollar is also likely to give the iron ore price a lift on Monday, so watch out for the Fortescue Metals Group Limited (ASX: FMG) share price and Rio Tinto Limited (ASX: RIO) share price as well.

Stimulus gift that keeps giving

The second tailwind from Biden’s US$1.9 trillion “gift” will come from economic growth. As the stimulus gives the US economy a shot in the arm, it will also brighten the outlook for global growth.

Demand for commodities is directly linked to economic activity, so the lift in sentiment will give ASX miners a second booster shot.

These trends also apply to ASX energy shares that are exposed to the oil market. The Brent crude price gained 0.9% to US$59.34 a barrel over the weekend. This should see the Santos Ltd (ASX: STO) share price and Woodside Petroleum Limited (ASX: WPL) share price rise on Monday too.

Not all ASX shares are winners

On the flipside, large cap ASX industrial shares could lose some favour despite the positive market sentiment. Many of these companies sell products in US dollars and the income they make will be lower when converted back into the local currency.

Fortunately, this isn’t enough to rain on the bull market’s parade.

More reading

• 5 things to watch on the ASX 200 next week
• These were the best performing ASX 200 shares last week
• These were the worst performing ASX 200 shares last week
• ASX 200 rises 1%, Zip soars, REA reports
• Short sellers doubling down on these ASX stocks despite the GameStop saga

Motley Fool contributor Brendon Lau owns shares of Newcrest Mining Limited, OZ Minerals Limited, Rio Tinto Ltd., Santos Limited, and South32 Ltd. Connect with me on Twitter @brenlau.

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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