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Analysts have been running the rule over a number of ASX dividend shares recently.

Two that have been tipped as buys are listed below. Here’s why they are bullish on them:

Accent Group Ltd (ASX: AX1)

Goldman Sachs is a fan of this footwear and youth apparel retailer and believes it is an ASX dividend share to buy.

The broker is positive on the company due largely to its exposure to younger consumers. It expects Accent’s target demographic to continue spending largely as normal in 2023 due to a rise in the minimum wage and their lower exposure to rising interest rates. It commented:

In aggregate, we believe this cohort has an additional ~A$1bn in spending capacity: the combination of minimum wage uplifts and limited inflationary pressures has resulted in an additional ~A$570-930 in annual spending capacity (per person) among the cohort of young adults who work and live at home.

Goldman is expecting this to lead to fully franked dividends of 12.2 cents per share in FY 2023 and 13.5 cents per share in FY 2024. Based on the current Accent share price of $2.07, this will mean yields of 5.9% and 6.5%, respectively.

Goldman has a buy rating and $2.75 price target on the company’s shares.

Coles Group Ltd (ASX: COL)

Analysts at Morgans have named this supermarket operator as a buy. Its analysts have an add rating and $19.50 price target on its shares.

Morgans thinks Coles’ shares are attractively priced. Particularly given its defensive qualities and the prospect of tough economic times. It explained:

Trading on 20.6x FY23F PE and 4.0% yield, we continue to see COL as offering good value with the company’s solid balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. The unwinding of local shopping should also help further market share gains.

And while a recent rise in the Coles share price means that it won’t quite offer a 4% yield now, it isn’t far off. Morgans expects a fully franked dividend of 64 cents per share in FY 2023 and a fully franked dividend of 66 cents per share in FY 2024. Based on the current Coles share price of $17.97, this will mean yields of 3.6% and 3.7%, respectively.

The post These are the growing ASX dividend shares to buy now: analysts appeared first on The Motley Fool Australia.

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More reading

• Can Coles shares deliver 8% upside AND tasty dividends in 2023?
• Get an income boost with these ASX dividend shares: broker
• With interest rates heading higher again, the risk is to the downside for these popular blue chip ASX shares
• 2 ASX stocks I’d buy in February for lifelong passive income
• Buy these ASX passive income shares with 5%+ yields today: experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Coles Group. 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 Scott Phillips.

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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 7,417.8 points.

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

ASX 200 expected to rise

The Australian share market looks set to rise on Tuesday following a strong night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 40 points or 0.55% higher. In late trade in the United States, the Dow Jones is up 0.9%, the S&P 500 is up 1%, and the NASDAQ is up 1.4%.

Oil prices rise

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a decent day after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 0.5% to US$80.16 a barrel and the Brent crude oil price is up 0.25% to US$86.63 a barrel. Russia’s plan to cut production has continued to give oil prices a boost.

CSL half-year result

The CSL Limited (ASX: CSL) share price will be one to watch on Tuesday when the biotherapeutics giant releases its eagerly anticipated half year results. According to CommSec, the market is expecting a net profit after tax of US$1.6 billion and an interim dividend of US$1.12 per share. Investors may also want to pay attention to commentary around plasma collections.

Gold price falls

It could be a tough day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price fell overnight. According to CNBC, the spot gold price is down 0.5% to US$1,865.5 an ounce. Strengthening bond yields weighed on the safe haven asset.

Short squeeze coming for Breville shares?

The Breville Group Ltd (ASX: BRG) share price will be one to watch closely today. The appliance manufacturer is releasing its half year results and has been tipped as a company that could potentially surprise positively by Goldman Sachs. The broker commented: “We expect 1H23 results to offer a positive surprise vs. the Street. As a result, any short covering driven by such outperformance could push the stock higher.” It expects first half sales growth of 6.2% and EBIT growth of 6.8%.

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

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More reading

• Why are ASX 200 energy stocks like Woodside having such a stellar start to the week?
• Even Joe Biden sees a lengthy future for ASX 200 oil stocks
• How I’d generate a $10,000 second income from CSL shares
• Beach Energy share price gains as dividend doubled
• 5 ASX 200 shares I would buy if I was starting from scratch: expert

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. 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 Scott Phillips.

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Ouch! What a painful year 2022 was for investors!

In an effort to curb rampant inflation, Central Banks around the world increased interest rates significantly and at a pace not seen since the late 1980s. This of course sent asset prices tumbling and one of the worst affected categories was growth focussed equities, the market darling of the last bull market.

In this report, we will uncover five companies that we think are set up well for a strong rebound as well as one bonus idea.

What Does Pinnacle Do?

Pinnacle Investment Management Group (ASX:PNI) is a financial services and ‘multi-affiliate investment management firm’ that operates slightly differently to a typical fund manager.

It holds an equity interest in numerous investment management firms (its affiliates) and provides them with a wide array of services, laying the foundation for these affiliates to deliver exceptional investment advice to their clients in a highly regulated environment.

Such services include working capital and seed funding, as well as a comprehensive range of cost-effective distribution and non-investment support services. These cover human resources, information technology, marketing, legal support, marketing, as well as a number of others.

To put it simply, the Pinnacle business model involves having several investment management firms under the one ‘umbrella’. Pinnacle holds ownership interests in each of its rigorously selected boutique partners, and then benefits from their performance and growth.

Why Is Pinnacle’s Share Price Down So Much?

Pinnacle has gone through a turbulent period with its share price sliding by more than 50% from its all-time highs of $19.29 in November 2021, to less than $9 at the beginning of January 2023. In fact, it sunk to as low as $6.49 in June last year.

The reason for this decline is largely because the performance of Pinnacle’s fund manager affiliates is mostly correlated with the equities market. When equity markets rise, Pinnacle fund managers earn higher returns on their investments and higher performance fees. The converse is also true. When markets decline, Pinnacle fund managers generally earn lower returns and fail to earn performance fees.

As such, the company’s share price has suffered due to the decline in the broader equity markets throughout 2022. 

However, the company has been diversifying its earnings base across different asset classes, investment styles and geographies. It is also tilting towards an increased revenue mix from retail clients and performance-centric strategies.

By doing so, Pinnacle is expanding the breadth of its performance fees to reduce its exposure to movements in equity markets, whilst simultaneously pursuing new avenues to grow its business.

What Are Pinnacle’s Rebound Qualities?

As global markets recover, we believe that Pinnacle fund managers will also earn higher returns. Beyond that, there is an even bigger opportunity for Pinnacle’s management to grow the business.

As we alluded to above, Pinnacle’s strategy to diversify its portfolio of affiliates based on different asset classes, strategies, and geographies could be a winning formula in boosting its management and performance fees, regardless of the market cycle.

Since its founding in 2006, the company has developed a strong and reputable brand in Australia, as well as distribution-related intellectual property in our nation. We believe that Pinnacle can now replicate its business model in overseas markets by extending its distribution capabilities, and by backing emerging boutiques in other geographic regions.

In recent years, the company has opened offices in Japan, the UK and US. Whilst it may take time to build out its distribution capabilities in other markets, international expansion creates optionality and provides new growth levers for Pinnacle to pursue.

And in our view, there is no better crew to tackle such expansion than Pinnacle’s strong management team, which boasts a proven multi-year record of sound execution, capital allocation, and earnings and FUM growth.

Source: Pinnacle Investment Management AGM Presentation.

Overall, we believe that this combination of qualities – which has been built and refined over many years – is incredibly difficult to replicate by new rivals seeking to enter this space, which gives Pinnacle the upper hand.

The post Just Released: 5 ‘Rebound Rocket’ stocks to buy before the next bull market [PREMIUM PICKS] appeared first on The Motley Fool Australia.

More reading

• Deadline coming: 3 ASX 200 shares to buy now before dividend payouts
• 3 cheap ASX dividend shares (down more than 35%) to buy in February 2023
• Here are the top 10 ASX 200 shares today
• Why Appen, Janus Henderson, Lithium Energy, and Pinnacle shares are charging higher
• 3 ASX All Ords shares rocketing 10% or more today

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. 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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Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the three listed below.

Here’s what you need to know about these buy-rated growth shares:

Life360 Inc (ASX: 360)

The first ASX growth share that has been named as a buy is this rapidly growing location technology company.

Life360 provides a mobile app for families that offers useful features such as communications, driver safety, and location sharing. At the last count, there were approximately 50 million active monthly users of the app, which is generating significant recurring revenue.

Bell Potter is bullish on the company’s future. It currently has a buy rating and $9.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share that could be a buy is this leading online furniture and homewares retailer.

Goldman Sachs has tipped Temple & Webster to grow very strongly over the long term thanks to its strong position in a retail category that is still in the early stages of shifting online.

It highlights that the category in Australia remains under-penetrated online relative to other markets with 16.5% of sales made online versus 28% in the UK and 25% in the United States. And with this side of the retail market having higher barriers to entry, this bodes well for Temple & Webster.

Goldman has a buy rating and $7.60 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX growth share that could be a buy is this logistics solutions company.

WiseTech is the company behind the popular CargoWise One solution, which allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand has been strong for its platform over the last few years and underpinned strong sales and profit growth. The good news is that this strong form is expected to continue in FY 2023, with management recently reaffirming its guidance for revenue growth of 20% to 23% and EBITDA growth of 21% to 30%.

Morgan Stanley is positive on the company’s outlook. It has an overweight rating and $64.00 price target on its shares.

The post Looking for growth? 3 ASX shares experts rate as buys appeared first on The Motley Fool Australia.

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More reading

• 2 highly-rated ASX growth shares to buy according to experts
• Expect big things from these ASX growth shares: analysts
• 2 top ASX shares that could turn $10,000 into $50,000 by 2030
• 10 ASX stocks to buy before they report this earnings season: Goldman
• Top ASX value shares to buy in February 2023

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Temple & Webster Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Temple & Webster Group. 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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Wesfarmers Ltd (ASX: WES) shares are taking centre stage this week with the company scheduled to report on 15 February 2023.

It’s a very interesting time period for the business because the FY23 first half is being compared against the first half of FY22. In HY22, regions like Victoria and NSW were still under COVID lockdowns.

With the ending of COVID-19 restrictions on bricks and mortar stores, the retail businesses are seemingly doing well. Wesfarmers owns various retailers like Bunnings, Kmart, Target, Officeworks and Priceline.

For example, we’ve already heard from JB Hi-Fi Limited (ASX: JBH) which reported that total sales increased by 8.6% to $5.3 billion and net profit after tax (NPAT) was up by 14.6% to $330 million.

What’s driving the Wesfarmers share price recently?

The Wesfarmers share price has dropped by 4% since 3 February 2023.

A large part of that decline may be explained by the market’s reaction to the news that the Reserve Bank of Australia (RBA) is going to keep rising interest rates to push down on inflation.

The RBA said that strong domestic demand is adding to inflationary pressures in a number of areas of the economy, and unemployment is at the lowest rate since 1974. Wages growth is picking up, with more expected because of the tight labour market and higher inflation. The RBA wants to avoid a price-wages spiral.

Australia’s central bank wants to return inflation to its target of between 2% to 3%. Inflation may not get back to 3% by mid-2025 according to the RBA’s central forecast.

Therefore, more interest rate increases are expected in the months ahead.

While higher interest rates are not ideal for households, the comments about the strength of the economy may suggest that Wesfarmers’ earnings could remain strong up to this point, which would be good for the Wesfarmers share price.

Indeed, at the company’s annual general meeting (AGM) in late October it said that combined sales growth for Kmart and Target in the year to date continued to be “pleasing”.

Bunnings sales for the year to date were “resilient” and continued to be supported by “strong demand from commercial customers”.

Officeworks sales in the year to October were “broadly in line with the prior year”.

Wesfarmers chemicals, energy and fertilisers (WesCEF) continued to benefit from “strong customer demand and elevated commodity prices”.

The industrial and safety division “continued to improve” with sales growth across all business units.

Time to buy?

It’s not all going Wesfarmers’ way, the business was also contending with elevated supply chain costs, rising wages and higher utility costs.

With the Wesfarmers share price down by around 25% since August 2021, I think it looks much better value.

Commsec estimates suggest that Wesfarmers earnings per share (EPS) could grow this year, putting it at 22 times FY23’s estimated earnings.

I think the diversification of the business, with a focus on expanding in some industries like lithium and healthcare, gives me confidence about the company’s long-term future.

The Wesfarmers share price may drop further in 2023 at some point, but that’d make it even more attractive to me.

The post Should I buy Wesfarmers shares before the company reports this week? appeared first on The Motley Fool Australia.

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More reading

• 3 of the best ASX 200 shares to buy now: broker
• 5 ASX 200 shares I would buy if I was starting from scratch: expert
• Do Wesfarmers shares really offer 13% upside AND passive income?
• The top ASX 200 share on my watch list right now
• Analysts say these growing ASX 200 dividend shares are top buys for income investors

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Jb Hi-Fi. 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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The S&P/ASX 200 Index (ASX: XJO) got off to a rough start this week, falling 0.21% on Monday to close at 7,417.8 points.

Meanwhile, the February earnings season stepped up a gear, with results from Insurance Australia Group Ltd (ASX: IAG), Aurizon Holdings Ltd (ASX: AZJ), Beach Energy Ltd (ASX: BPT), and Endeavour Group Ltd (ASX: EDV) all hitting the market.  

Speaking of earnings, the Star Entertainment Group Ltd (ASX: SGR) share price crashed 20% after the company revealed that increased regulation and competition has taken a major toll on its bottom line.

Perhaps unsurprisingly, the company’s home sector, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) weighed heaviest, falling 1.4%.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) outperformed all others, gaining 1.8% on the back of strengthening oil prices. The black liquid’s value lifted over 2% on Friday amid reports Russia will cut its oil output by 5% next month.

But the top performing ASX 200 share wasn’t from the energy sector. Let’s take a look at which stock posted today’s biggest gain.

Top 10 ASX 200 shares today

The IAG share price posted the biggest gain of the ASX 200 on Monday, soaring 4.5% to close at $4.92.

The insurer’s post-tax profit rocketed more than 170% year-on-year last half to reach $468 million.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Insurance Australia Group Ltd (ASX: IAG)	$4.92	4.46%
Endeavour Group Ltd (ASX: EDV)	$7.10	4.11%
Coronado Global Resources Inc (ASX: CRN)	$2.02	3.59%
Karoon Energy Ltd (ASX: KAR)	$2.23	3.24%
Johns Lyng Group Ltd (ASX: JLG)	$5.76	3.23%
Silver Lake Resources Limited (ASX: SLR)	$1.145	3.15%
Whitehaven Coal Ltd (ASX: WHC)	$7.93	2.45%
Seven Group Holdings Ltd (ASX: SVW)	$23.53	2.35%
Woodside Energy Group Ltd (ASX: WDS)	$36.62	2.12%
Sayona Mining Ltd (ASX: SYA)	$0.245	2.08%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Someone just bought $22 million of Flight Centre shares. Here’s what we know
• Why are ASX 200 energy stocks like Woodside having such a stellar start to the week?
• Even Joe Biden sees a lengthy future for ASX 200 oil stocks
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Deadline coming: 3 ASX 200 shares to buy now before dividend payouts

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group. The Motley Fool Australia has recommended Aurizon and Johns Lyng Group. 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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The good news for income investors is that there are a large number of quality ASX dividend shares to choose from on the Australian share market.

Two that are rated as buys and tipped to offer big dividend yields are listed below. Here’s what you need to know about these shares:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.

Dalrymple Bay Infrastructure has been tipped to pay bumper dividends in the near term thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.67 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.52, this will mean yields of 8.3%.

South32 Ltd (ASX: S32)

Another ASX dividend share that has been named as a buy is South32.

It is one of Australia’s largest miners with exposure to a range of commodities including aluminium, copper, manganese, and nickel.

Citi is positive on South32 and has a buy rating and $5.00 price target on the mining giant’s shares.

The broker recently boosted its earnings estimates to reflects “Citi’s commodity team raising near term Cu/Al/Zn/HCC pricing.”

Its analysts expect this to underpin fully franked dividends per share of 27 cents in FY 2023 and 32 cents in FY 2024. Based on the current South32 share price of $4.58, this will mean yields of 5.9% and 7%, respectively.

The post Big yields are coming for these ASX dividend share: experts appeared first on The Motley Fool Australia.

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More reading

• Morgans names 2 high yield ASX dividend shares to buy this month
• These are the best ASX 200 mining shares to buy now: Morgans
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Buy these ASX passive income shares now: experts
• Fundie sells South32 to buy this other ASX 200 mining share. Here’s why

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you are looking to bolster your portfolio with some ASX tech shares before the sector rebounds fully, you may want to look at the two listed below that have been tipped as buys by Goldman Sachs.

Here’s what the broker is saying about these ASX tech shares:

Readytech Holdings Ltd (ASX: RDY)

The first ASX tech share that Goldman Sachs rates as a buy is Readytech.

It is a leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, employment services, workforce management, government and justice sectors.

Goldman Sachs remains very positive on the company’s outlook due to its defensive earnings. It also sees plenty of value in its shares at the current level compared to peers. It explained:

RDY remains a tech value play within our coverage universe, trading at a >50% discount to peers when accounting for its robust growth outlook. Government software has been a pocket of strength and resilience within TMT (~3/4 of RDY’s earnings) and we are positive on RDY’s ability to deliver mid-teens organic growth at an expanding profit margin through the cycle.

Goldman has put a buy rating and $4.45 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX tech share that Goldman Sachs rates highly is Xero.

It is a cloud-based accounting and business platform provider to small and medium sized businesses globally.

Goldman is positive on Xero due to its massive total addressable market (TAM) and favourable tailwinds that look set to support its growth in the coming years. The broker said:

We see Xero as very well-placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM. Following the recent underperformance (absolute/relative), we see an attractive entry point into a compelling global growth story and our preferred large-cap technology name in ANZ, and are Buy rated (on CL).

Goldman Sachs currently has a buy rating and $109.00 price target on Xero’s shares.

The post Goldman Sachs says these excellent ASX tech shares are buys appeared first on The Motley Fool Australia.

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More reading

• The smartest ASX shares to buy with $20 right now
• Conviction list: Goldman Sachs tips big returns from these ASX 200 shares
• Sitting on cash? These 2 ASX shares are great buys today but won’t be forever
• Here are the top 10 ASX 200 shares today
• These could be the best ASX 200 growth shares to buy: analysts

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ReadyTech and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended ReadyTech. 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’s been a rather dour start to the trading week for the share markets this Monday. The S&P/ASX 200 Index (ASX: XJO) has recorded a 0.21% loss for the session at today’s close.

But not all ASX 20 shares dipped into the red today. Just take Flight Centre Travel Group Ltd (ASX: FLT) shares.

Flight Centre had a turbulent start this morning. After closing at $18.21 a share last week, the ASX 200 travel share opened at $18.13 this morning before dropping as low as $18.06.

But investors quickly got over their nerves, and the Flight Centre share price was trading comfortably in the green, up 0.74% at $18.34 at the market close.

There hasn’t been any fresh news out of Flight Centre itself that could explain these gains on a down day. And Flight Centre is one of the only ASX travel shares in a good place. Others, such as Webjet Limited (ASX: WEB) and Qantas Airways Limited (ASX: QAN) did not escape losing value today.

So perhaps these gains are the result of some trading action.

Flight Centre shares defy the ASX 200 amid monster trade

According to reporting in The Australian today, Flight Centre shares have just seen an enormous trade take place. A block of 1.2 million shares changed hands today, worth around $22.1 million. That’s the equivalent of 0.7% of all the Flight Centre shares on the market. 

This trade reportedly took place for a price of $18.45 per share. So clearly, a large investor (or group of investors) has decided to take up a substantial investment in the company.

Such a vote of confidence could be helping push up the Flight Centre share price this session, and might explain why this ASX 200 travel share is defying the gloom of the broader market this Monday.

No doubt shareholders will be pleased.

Flight Centre shares have already had a stellar start to 2023. Since the start of the year, this company has rallied by an impressive 27.6%. However, Flight Centre remains down by more than 9% over the past 12 months:

The post Someone just bought $22 million of Flight Centre shares. Here’s what we know appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group. 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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Telstra Group Ltd (ASX: TLS) shares are a popular option for investors on the Australian share market.

Countless portfolios and superannuation funds across the country have some exposure to the telco giant.

But are Telstra shares a good option? What could a $2,000 investment turn into in 2023?

Telstra shares in 2023

The good news is that that majority of brokers out there are tipping the Telstra share price to rise from current levels.

For example, a recent note out of Goldman Sachs reveals that its analysts have just upgraded the company’s shares to a buy rating with a $4.60 price target.

Based on the current Telstra share price of $4.10, this suggests potential upside of 12% for investors over the next 12 months.

This means that if you invested $2,000 into its shares, you would see your investment grow to be worth $2,240 by the end of the year if they reached Goldman’s price target. The broker commented:

Given the defensive nature of telecoms into an uncertain 2023, we believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned by its mobile business, is attractive. We believe FY23 earnings will be robust, benefiting from challenges that the competitors are currently facing (Optus hacking, TPG MOCN) offsetting the near-term cost pressures (call centre on shoring, retail stores & staff inflation), and we are incrementally more positive on the medium term mobile outlook, supported by the recent TPG price rises.

The broker also sees potential from asset divestments following its restructure. It adds:

2023 presents a meaningful opportunity for Telstra to crystallise value through commencing the process to monetize its InfraCo Fixed assets – which we estimate could be worth between A$22-30bn.

Don’t forget the dividends

The above return was based only on the Telstra share price performance.

However, as income investors will attest, Telstra shares provide investors with a healthy dividend yield right now.

Goldman Sachs is expecting the company to pay a 17 cents per share fully franked dividend in FY 2023. This equates to a 4.1% yield at current levels.

If we add this into the equation, your total return would come to 16.1%, bringing the value of your investment to $2,322.

The post If I invest $2,000 in Telstra shares now, what could my return be in 2023? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Macquarie has these ASX 200 dividend shares in its income portfolio
• Yields of up to 8%! Should I buy these ASX 200 dividend stocks in February?
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• With interest rates heading higher again, the risk is to the downside for these popular blue chip ASX shares

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. 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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