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One area of the share market that has been performing very positively over the last decade has been the healthcare sector.

Since this time in 2010, the S&P/ASX 200 Health Care index has generated a return of 432% for investors.

This has been driven by increased demand, better technologies and treatments, and ageing populations.

Given how these tailwinds are likely to remain for the long term, it isn’t a surprise to see that healthcare shares are popular with ASX investors today.

But which healthcare shares should you buy? Here are two highly rated options:

Cochlear Limited (ASX: COH)

When it comes to shifting demographics, and particularly in respect to the growing number of over 65s, there are few companies that stand to benefit as much as Cochlear. It is the global developer, manufacturer, and distributor of cochlear implantable devices for the hearing impaired.

Late last month analysts at Macquarie put an outperform rating and $241.00 price target on Cochlear’s shares. They have been pleased with both its market share gains and the positive opinion of its products by audiologists. This bodes well for its recovery from the pandemic and future growth.

CSL Limited (ASX: CSL)

CSL is one of the world’s leading biotherapeutics companies. It has been a consistently strong performer over the last decade thanks to acquisitions, its research and development activities, growing plasma collection network, and its leading therapies. The latter includes therapies such as Privigen, Hizentra, Idelvion, and Afstyla.

One broker that is confident that this strong form can continue is UBS. Last week the investment bank retained its buy rating and $346.00 price target on the company’s shares. While it notes that plasma collection conditions are tough in some markets because of COVID-19, it remains positive on its outlook. Especially given how it has a range of options to mitigate this headwind.

More reading

• Top brokers name 3 ASX shares to buy today
• ASX 200 Weekly Wrap: ASX 200 has another shocker as US election approaches
• Top ASX shares to buy in November 2020
• 4 outstanding ASX 200 shares to buy with $4,000
• Where to invest $100,000 into ASX shares in November

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 Cochlear Ltd. and CSL Ltd. The Motley Fool Australia has recommended Cochlear Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Every Monday I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Webjet Limited (ASX: WEB) has seen its short interest rise to 15.9%, making the online travel agent the most shorted ASX shares by some distance. This high level of short interest appears to be due to COVID-19 and valuation concerns.
• Myer Holdings Ltd (ASX: MYR) has seen its short interest rise again to 9.8%. Short sellers seem to be expecting another tough year for the department store operator this year. This follows a statutory loss of $172.4 million in FY 2020.
• InvoCare Limited (ASX: IVC) has short interest of 9.6%, which is down slightly week on week once again. This funerals company’s performance has been impacted greatly this year because of COVID-related restrictions.
• Speedcast International Ltd (ASX: SDA) has short interest of 9.4%. This communications satellite technology provider’s shares have been suspended since February whilst it undertakes a recapitalisation. Last week it announced the sale of its Speedcast Managed Services business to the NBN.
• Inghams Group Ltd (ASX: ING) has 8.8% of its shares held short, which is up slightly week on week. Short sellers may regret this one. Last week the poultry company’s shares surged higher after revealing an improvement in its performance.
• Mesoblast Limited (ASX: MSB) has seen its short interest slide to 8.8%. Short sellers may be locking in their gains ahead of the company’s upcoming meeting with the FDA. This is in response to the regulator not approving its remestemcel-L product last month.
• Western Areas Ltd (ASX: WSA) has entered the top 10 with short interest of 8.7%. The nickel producer’s shares have come under pressure recently due to production issues at its Flying Fox operation.
• Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest rise slightly to 8.2%. Short sellers appear to believe that rising COVID-19 cases globally could weigh on the travel sector for longer than expected.
• Galaxy Resources Limited (ASX: GXY) has seen its short interest rebound to 8.1%. This appears to have been driven by concerns over an oversupply of lithium and subdued demand.
• Whitehaven Coal Ltd (ASX: WHC) is another new entry in the top 10 with short interest of 7.7%. Traders have been shorting this coal miner amid reports that China is banning purchases of Australian coal.

More reading

• These were the best performing ASX 200 shares last week
• Follow the money: Executive moves in ASX shares
• ASX 200 shoots 1.3% higher on Thursday
• Why Flight Centre, Goodman, Inghams, & Scentre shares are charging higher
• The Flight Centre (ASX:FLT) share price is soaring after AGM

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and InvoCare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) is a highly-regarded ASX dividend share.

This business is commonly called Soul Patts – the full name is a bit of a mouthful. Soul Patts is an ASX dividend share that’s rated as a buy by the Motley Fool Dividend Investor service. Indeed, it has been rated as a buy for years.

An overview of Soul Patts

Soul Patts is an investment conglomerate. That wasn’t always the case – it first listed in 1903 as a pharmacy business – that’s where the Soul Pattinson chemist chain name comes from.

However, it has evolved into a diversified investment house with a variety of different listed and unlisted holdings.

It made investments into TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and New Hope Corporation Limited (ASX: NHC) when they were much smaller businesses. Now those holdings are three of the biggest Soul Patts investments.

Soul Patts owns stakes in other listed businesses like Palla Pharma Ltd (ASX: PAL), Clover Corporation Limited (ASX: CLV), Australian Pharmaceutical Industries Ltd (ASX: API) and Magellan Financial Group Ltd (ASX: MFG).  

The investment house also has the flexibility to invest in unlisted private businesses. It has investments in things like resources, swimming schools, financial services, agriculture and a business called Ampcontrol.

The ASX dividend share aims to invest in businesses for the long-term, sometimes with a contrarian investment style.

More than 40 employees have worked for the company for over 50 years. Five generations of the Pattinson family have served the company, as have three generations of the Dixson, Spence, Rowe and Letters families.

How does Soul Patts fund its dividends?

Soul Patts receives investment income as its listed holdings pay dividends to it, and its unlisted holdings pass on profit up to it as well. Soul Patts receives interest as well.

The investment house then pays its dividend to shareholders from some of that cashflow, after paying for its operating expenses.

In FY20 Soul Patts said that its net cash flow from investments went up by 48.8% to $252.3 million, mostly thanks to a large special dividend from TPG. Its FY20 dividend amounted to a dividend payout ratio of 56.93% of those net cashflows from its investments. The rest of the profit can be re-invested into other opportunities. 

Dividend record

Soul Patts has actually increased every year since 2000, including through COVID-19, which is the longest consecutive dividend growth record on the ASX. The investment conglomerate claims it has actually paid a dividend every year since it listed in 1903, including through world wars, the great depression, the Spanish Flu and various recessions over the decades.

Dividend outlook

Two of Soul Patts’ key leadership provided some helpful quotes about the outlook and the future dividend.

Managing director Todd Barlow said: “The outlook for the domestic and global economy remains uncertain and volatile. One of WHSP’s key advantages is a flexible mandate to make long-term investment decisions and adjust the portfolio by changing the mix of investment classes over time. While the economic outlook is uncertain, we can be certain there will be some dislocation in a number of asset classes. With dislocation comes opportunity and WHSP is well positioned with adequate liquidity to take advantage of the right investment opportunities.”

WHSP chair Robert Millner said: “Our aim is to pay a stable and growing dividend year on year. During the GFC many companies cut their dividends while WHSP was able to increase dividends and we are seeing the same thing occur this year as a result of our diversified portfolio and long-term investment decisions…We are proud of the fact that WHSP has not missed paying a dividend since it listed in 1903.”

More reading

• 2 ASX dividend shares that have grown their dividends for 10+ years in a row
• 3 ASX blue chip shares to buy for dividends
• 3 ASX 200 shares that every investor should own
• This market dip is the perfect time to buy these 2 forever shares
• Why market crashes are useful for buying ASX dividend shares

Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Clover Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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There are some high-performing ASX tech shares out there that have been identified as buys.

Motley Fool Pro still believe each of these ASX tech shares could be worth buying:

Xero Limited (ASX: XRO)

Xero is a cloud accounting software business with headquarters in New Zealand. It is now a multinational company with market-leading positions in Australia and New Zealand. Its market share in the UK is also rapidly growing as it adds more subscribers which pay a monthly fee to Xero.

The Xero share price has gone up 48% in 2020 so far.

The ASX tech share revealed continuing growth in its FY20 result. Total subscribers increased 26% to 2.285 million. Operating revenue went up 30% to NZ$718 million and earnings before interest, tax, depreciation and amortisation (EBITDA) – excluding impairments – rose 52% to NZ$139.2 million. In the UK, subscribers grew by 32% to 613,000 with revenue growing by 54%. Xero increased its free cash flow generation by 320% to NZ$27.1 million.

One of the main things that the Pro team was pleased about the FY20 result was that North American subscribers grew by 24% to 241,000.

It’s still rated as a buy by the Motley Fool Pro service. The Pro team said the FY20 result demonstrated the runway Xero still has and they like how it’s moving to become a platform service, though Xero’s SME customer base may be impacted because of COVID-19 effects. However, this may be offset by potential customers realising the benefits of cloud products.

Altium Limited (ASX: ALU)

Altium is an electronic PCB design software business. It has various software offerings, such as Altium Designer, some of which is targeted at small engineer outfits and other software is designed for large multinational teams.

On Altium’s ‘about’ page, it tells investors a number of things. Altium says it has a strong track record in engineering development and engineering excellence, it has global diversified earnings (comprised of 48% Americas, 32% Europe, 14% Emerging Markets and 7% Asia Pacific), it’s committed to being the market leader and it’s well positioned for future growth because at the heart of intelligent systems are electronics and PCBs.

In terms of the balance sheet, Altium says it’s committed to growing the dividend each year and it’s debt free.

The ASX tech share is focused on growing its cloud offering to subscribers called Altium 365. Indeed, the company recently made an announcement saying that it was pivoting its organisational structure towards the cloud.

Altium’s growth has been stunted by COVID-19 impacts, however Pro still rate the business as a buy for long-term growth-focused investors and believes it still has a good growth runway ahead.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is an ASX tech share that facilitates digital donations, particularly for the US large and medium church sector.

It has a long-term goal of reaching US$1 billion revenue from the US faith sector. The current COVID-19 conditions have seen an acceleration in the adoption of Pushpay’s technology. Pushpay management believe that its new offering called ChurchStaq – which is the combined offering of Pushpay and Church Community Builder – is proving very popular with users.

In the recent FY21 half-year result, Pushpay revealed that its total processing volume went up by 48% to US$3.2 billion. This helped Pushpay’s operating revenue grow by 53% to US$85.6 million and it pushed the earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) higher by 177% to US$26.7 million.  

Pushpay management were keen to point out the scalability of the business with its improving profit margins. The gross margin expanded from 65% to 68% whilst the EBITDAF margin surged from 17% at 30 September 2019 to 31% at 30 September 2020.

The Pro team still rates Pushpay a buy. The Pushpay share price has gone up 105% in 2020.

More reading

• 3 ASX shares targeting huge growth in the 2020s
• Why ASX 200 technology shares are again racing higher
• Top brokers name 3 ASX shares to buy today
• Why the Pushpay (ASX:PPH) share price could be a growth opportunity
• ASX 200 ends mixed on Wednesday

Tristan Harrison owns shares of Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX and Xero. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Last week the Reserve Bank of Australia met to discuss the cash rate and opted to cut it down to a record low of 0.1%.

This was another blow for income investors, who will have to contend with even lower rates in 2021.

But never fear, the Australian share market is home to countless dividend shares that offer better yields than term deposits and savings accounts.

Two that do exactly this are listed below:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a leading provider of software products and services to the wealth management and funds administration industries. The key product in its portfolio is the Sonata wealth management platform. It allows users to connect and engage with their clients anytime, anywhere, through computers, tablets or smartphones. Demand for Sonata has been growing in recent years and has been underpinning the company’s growth. But Bravura certainly isn’t a one-trick pony and has a number of other products supporting its growth. This includes the Rufus transfer agency solution, the Midwinter financial planning solution, and the recently acquired Delta Financial Systems.

And while management has warned that its earnings could be flat this year because of the pandemic, it remains positive on its long term prospects due to its portfolio. It commented that Bravura is positioned for “long-term growth driven by market demands for microservices ecosystems, digital solutions and automation.”

In FY 2020, the company paid investors an 11 cents per share unfranked dividend. Based on the current Bravura share price, this equates to a 3.75% dividend yield.

Dicker Data Ltd (ASX: DDR)

Dicker Data is a leading distributor of computer hardware and software across the ANZ region. It has been growing both its earnings and dividend at a quick rate over the last few years thanks to growing vendor agreements and increasing demand. Pleasingly, this has continued in 2020 despite the pandemic. For example, last month Dicker Data released its third quarter update and revealed year to date profit before tax growth of 28.3% to $60.8 million.

With its update, management spoke positively about its outlook. It notes that demand is strong, quoting activity is high, and 5G and artificial intelligence are huge opportunities for the company in the medium term.

In the meantime, Dicker Data is planning to pay a 35.5 cents per share fully franked dividend this year. Based on the latest Dicker Data share price, this equates to a 3.4% dividend yield.

More reading

• 2 ASX dividend shares with better yields than term deposits
• These were the 3 best-performing ASX 200 tech shares in October
• Buying these ASX dividend shares could solve your income needs
• 3 of the best mid cap ASX shares to buy right now
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and Dicker Data Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Friday the S&P/ASX 200 Index (ASX: XJO) was on form and finished a stunning week with a solid gain. The benchmark index rose 0.8% to 6,190.2 points.

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

ASX 200 expected to rise.

The Australian share market looks set to start the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 15 points or 0.25% higher this morning. This is despite a mixed end to the week on Wall Street, which saw the Dow Jones fall 0.25%, the S&P 500 trade flat, and the Nasdaq edge ever so slightly higher. Despite the soft finish, the S&P 500 had its best week since April.

Biden wins the U.S. election.

Although Donald Trump has refused to concede the election and legal challenges are likely, Joe Biden has taken an unassailable lead in the race to the White House. In light of this, most major media outlets have declared Biden the winner and the new President-elect. Investors may now begin to construct their portfolios around his policies.

Oil prices sink lower.

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a tough start to the week after oil prices sank lower. According to Bloomberg, the WTI crude oil price fell 4.3% to US$37.14 a barrel and the Brent crude oil price dropped 3.6% to US$39.45 a barrel. Rising COVID-19 cases sparked demand fears.

Gold price pushes higher.

Gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be on watch on Monday after the gold price pushed higher on Friday night. According to CNBC, the spot gold price climbed 0.25% to US$1,951.70 an ounce. This means the precious metal had its best week since July. This was driven by US dollar weakness and hopes for a larger coronavirus relief bill thanks to Joe Biden’s victory.

ANZ goes ex-dividend.

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price could trade lower today when it goes ex-dividend for its final dividend. The banking giant will then be paying its fully franked 35 cents per share dividend to eligible shareholders in around five weeks on 16 December.

More reading

• Here’s what a Joe Biden victory would mean for ASX shares
• The ASX 200 shares rocketing on takeovers, upgrades and low interest rates
• Here’s how much NAB (ASX:NAB)’s new dividend is worth
• Big 4 banks’ own customers don’t trust them
• 5 things to watch on the ASX 200 on Friday

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. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It may not be the biggest tech sector in the world, but the ANZ region’s tech sector is home to a good number of companies with significant potential.

Three small cap ASX tech shares that have been growing strongly this year are listed below.

Here’s what you need to know about them:

Damstra Holdings Ltd (ASX: DTC)

Damstra is a growing integrated workplace management solutions provider. The company’s cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets. Demand for its offering has been growing strongly in recent years and this has continued in FY 2021. For example, in the first quarter, Damstra revealed record first quarter revenue, cash receipts, and operating cash flow. This impressed analysts at Morgan Stanley, who put an overweight and $2.00 price target on the company’s shares.

MyDeal.com.au Limited (ASX: MYD)

MyDeal.com.au is a recently listed online retail marketplace provider with a focus on furniture, homewares, appliances, technology, baby products, and hardware. It has been a positive performer in FY 2021, delivering first quarter gross sales growth of 317% to $56.67 million. Management advised that this was underpinned by the shift to online shopping and a 268% increase in active customers to 669,897. Looking ahead, the company intends to use the $40 million raised from its IPO to drive future growth. This includes growing its private label business, investing in its proprietary technology, and investing in advertising to grow its customer base and brand.

Whispir Ltd (ASX: WSP)

Finally, Whispir is a software-as-a-service communications workflow platform provider which allows businesses and governments to deliver two-way interactions at scale using automated multi-channel communication workflows. Its platform was used to great effect during the height of the pandemic when 22 government departments used it for COVID-19 communications. Management estimates that the Workflow Communications platform as a Service market could reach US$8 billion per year by 2024. This compares to the revenue of $39.1 million it recorded in FY 2020, which was up 25.5% year on year.

More reading

• 3 growing small cap ASX shares
• MyDeal.com.au (ASX:MYD) share price up 7% on trading update
• These 3 ASX shares to IPO recently are struggling
• Are these small cap ASX shares the next Kogan (ASX:KGN) and Nearmap (ASX:NEA)?
• 3 of the best mid cap ASX shares to buy right now

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. recommends Damstra Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Damstra Holdings Ltd. The Motley Fool Australia has recommended Whispir Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Last week saw a large 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:

Corporate Travel Management Ltd (ASX: CTD)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $21.50 price target on this travel booking company’s shares. The broker notes that one of its rivals is forecasting a quicker than expected recovery in the corporate travel market. This bodes well for Corporate Travel Management and the broker believes its pathway to profitability is much clearer than other ASX travel booking shares. The Corporate Travel Management share price ended the week at $16.74, which implies potential upside of over 24%.

Nanosonics Ltd (ASX: NAN)

Analysts at UBS have retained their buy rating and $7.20 price target on this infection control company’s shares following the release of its trading update. The broker notes that Nanosonics’ has had a better start to FY 2021 than it was expecting, with strong quarter on quarter growth in consumables. And while the broker expects its first half result to be soft, it remains positive on its long term prospects. The broker believes Nanosonics is an example of a high-quality structural growth story, particularly in a post-COVID world which is likely to have a greater focus on infection prevention. This price target implies potential upside of almost 26%.

National Australia Bank Ltd (ASX: NAB)

A note out of Citi reveals that its analysts have retained their buy rating and $23.50 price target on this banking giant’s shares following its full year results. Although NAB fell short of its estimates in FY 2020, it notes that this was due to an increase in its loan loss provisions. It feels these have been brought forward from the new financial year and has thus reduced its loan loss forecasts for FY 2021. In addition to this, it likes the bank above the rest of the big four due to its revenue growth prospects and strong cost control. The NAB share price was changing hands for $19.57 on Friday afternoon. This means there’s potential upside of 20% (excluding dividends) based on this price target.

More reading

• Is the NAB (ASX:NAB) share price a buy for dividends?
• Here’s how much NAB (ASX:NAB)’s new dividend is worth
• Big 4 banks’ own customers don’t trust them
• ASX 200 shoots 1.3% higher on Thursday
• When ‘cutting rates’ doesn’t mean what you think it means

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 Nanosonics Limited. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Nanosonics Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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While most companies on the Australian share market have resisted giving guidance in FY 2021 because of the uncertainty caused by the pandemic, a number have reaffirmed their longer term aspirational targets.

Three ASX shares which have bold growth plans over the next five years or so are listed below. Here’s what they are trying to achieve in the 2020s:

Altium Limited (ASX: ALU)

Altium is a leading electronic design software company best-known for its eponymous Altium Designer product. Demand for its software has been increasing over the last few years thanks to the rapidly growing Internet of Things and artificial intelligence markets. Pleasingly, management appears confident in its growth trajectory and is aiming to grow its revenue to US$500 million by 2025-2026. This will be an increase of over 150% from the revenue of US$189 million it achieved in FY 2020.

Bubs Australia Ltd (ASX: BUB)

Another company targeting huge growth over the next five years is Bubs. It is a growing infant formula, baby food, and vitamins company. In FY 2020, the company’s revenue grew by 32% to $62 million. This was driven largely by a 58% increase in Bubs infant formula sales to $30 million. Management is now aiming to grow its revenue to $400 million by 2025, with a gross margin floor of 40%. FY 2021 has started slowly because of the pandemic, though. This means Bubs has a uphill struggle to achieve its goals.

SEEK Limited (ASX: SEK)

Finally, another company intent on growing its sales materially in the 2020s is SEEK. In FY 2020, the job listings giant reported revenue of $1,577.4 million. It is now aiming to increase this to $5 billion later this decade. This growth is expected to be driven by its dominant position in the ANZ market, its growing China-based Zhaopin business, and its investments in growth opportunities.

More reading

• Rising jobs and house loans place these ASX shares in focus
• Why the SEEK (ASX:SEK) share price rebounded after being 8% down
• Westpac (ASX:WBC) reports FY20 result, ASX 200 up 0.4% today
• Why 5G Networks, Cedar Woods, SEEK, & Tyro shares tumbled lower today
• SEEK (ASX:SEK) share price drops 5% after responding to Blue Orca short seller attack

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia owns shares of and has recommended BUBS AUST FPO. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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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:

Afterpay Ltd (ASX: APT)

According to a note out of UBS, its analysts have retained their sell rating but lifted their price target on this payments company’s shares to $30.00. While it has lifted its sales forecasts to reflect Afterpay’s strong start to FY 2021 and its high customer growth and transaction frequency, it still believes its shares are vastly overvalued and has held firm with its sell rating. The Afterpay share price ended the week at $100.50.

Ansell Limited (ASX: ANN)

A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating but increased the price target on this safety products company’s shares to $33.35. The broker has been impressed with Ansell’s strong start to FY 2021 and believes it is well-placed to benefit from increased demand for personal protective equipment because of COVID-19. However, over the medium term it isn’t as positive on its prospects and thus feels its shares are reasonably expensive because of this. The Ansell share price last traded at $41.70.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Analysts at Credit Suisse have retained their underperform rating and reduced the price target on this pizza chain operator’s shares to $58.71. The broker notes that its same store sales growth slowed towards the end of the last three months. However, positively, its new store openings are running ahead of expectations. Whether or not this can be maintained, though, is the big question according to the broker. It fears it could be harder to open stores in the European market in the current environment. In light of this, it doesn’t believe its shares offer good value at the current level. The Domino’s share price ended the week at $84.48.

More reading

• Why ASX 200 technology shares are again racing higher
• Ansell (ASX:ANN) share price climbs after upbeat AGM update
• Why share markets are shrugging off this uncertainty, and what to expect next
• Why Domino’s, Estia Health, Pendal, & Treasury Wine shares are dropping lower
• Domino’s Pizza (ASX:DMP) share price falls after brokers respond to trading update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Ansell Ltd. and Domino’s Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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