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Imagine having a passive income stream of $53,600 per year. Work would become optional, you could travel more, finally do that long-overdue renovation perhaps, or even help in purchasing an investment property.

Achieving this level of passive income is not easy. But it can be done with ASX shares. All you need is a consistent investing strategy and time.

So many ASX shares pay dividends to their investors, which is the primary source of passive income you can get from this asset class. There are also franking credits to consider as well, of course. But it’s dividends that are the true breadwinner.

Some ASX dividend shares are inconsistent dividend payers, or perhaps have reduced the income they pay to their investors over time. But the best ASX dividend shares periodically increase their payouts, the more consistently the better.

So let’s look at how ASX shares can get you to a passive income stream worth $53,600 per year.

Getting a portfolio to a point where it is throwing off that kind of cash is tricky. Say an ASX share portfolio yields 5% per annum in dividend income. That would mean we’d have to get to a portfolio worth approximately $1.07 million to receive $53,600 in dividends every year.

Now, this might seem like a hard ask. But let’s break down the numbers on how one might get there.

How to get to a passive income of $53,600 per year

Over the past two decades or so, an index fund tracking the S&P/ASX 200 Index (ASX: XJO), which comprises the 200 largest companies on the ASX, has averaged an annual return of around 8%.

If an investor put $50,000 in an ASX 200 index fund today, invested an additional $500 per month, and managed to get an average 8% per anum going forward, it would take them just under 28 years to get to a portfolio capable of throwing off $53,600 per year in dividends at a 5% yield. That’s assuming our investor reinvests any dividend returns received along the way too.

If that investor started from scratch and just invested $500 per month, this would stretch out to around 37 years.

So that’s a lot of years to consider. But it certainly shows that a young investor starting out today can just invest in a simple index fund over their working life, and achieve a retirement income that is well above the aged pension. And that’s without considering their superannuation either, which could boost their retirement income even further.

But say an investor actively invests their money instead of going down the index fund route. It will be tricky but say our investor achieves a 10% annual return on average instead of the market’s 8%. Well, then our time taken to hit the magic $1.07 million figure would fall to 25 years for our investor with $50,000 to start, and just under 30 years if they start from scratch.

This is the magic of compound interest, and what it can do for your retirement. Successful investing takes time, patience, and a lot of capital. But your older self will certainly thank you if you get the ball rolling – the earlier the better.

The post How I’d aim to build a $53,600 annual passive income from ASX shares and never work again! appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Yields of up to 8%! Should I buy these ASX 200 dividend stocks in February?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Invest $20,000 in ASX 200 shares and get $1,500 each year without lifting a finger

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 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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The Maas Group Holdings Ltd (ASX: MGH) share price is having a very strong day.

In morning trade, the ASX 300 construction material, equipment and service provider’s shares were up 13% to $3.26.

The Maas share price has since pulled back a touch but remains up 9% to $3.13 at the time of writing.

Why is this ASX 300 share charging higher?

Investors have been scrambling to buy the company’s shares on Thursday following the release of a trading update.

According to the release, Maas expects to report pro forma first half EBITDA in the range of $64 million to $66 million. This represents an approximate 60% increase on the pro forma EBITDA of $40.1 million it achieved in the corresponding period.

Looking further ahead, for the full year, management has reconfirmed its guidance for pro forma EBITDA in the range of $150 million to $180 million. This represents growth of approximately 20% to 44% on the pro forma EBITDA recorded in FY 2022.

This is also in line with the guidance it provided back in November, which was a downgrade from $180 million to $200 million due to wet weather impacts. Investors appear relieved that the downgrades are over for this ASX 300 share and that normal operating conditions have returned.

Maas CEO, Wes Maas, notes that “a solid first half result and year on year earnings growth had been delivered despite the significant impacts of weather to the group’s operations during the period.”

He also points out that “the FY23 result will be strongly second half weighted, driven by the expected return to normal operating conditions for several major infrastructure projects with more favourable weather conditions expected in the second half, and the group continuing to take advantage of its strong market positions.”

The post Guess which ASX 300 share is soaring 13% on a major earnings boost appeared first on The Motley Fool Australia.

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More reading

• 2 of the most compelling ASX 300 shares to buy this month: fund manager

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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The share price of S&P/ASX 200 Index (ASX: XJO) lithium favourite Core Lithium Ltd (AX: CXO) has struggled in recent weeks.

It has fallen 15% since late last month when it hit its highest point of the year so far. The stock peaked at $1.23 on 30 January. Today, it’s trading for just $1.045.

For comparison, the ASX 200 has gained 0.3% in that time.

So, what appears to have weighed on the Core Lithium share price lately? Let’s take a look.

What’s gone wrong for the Core Lithium share price?

Interestingly, the only price-sensitive news from Core Lithium in recent weeks drove its stock to its aforementioned peak.

The company dropped its results for the three months ended 31 December in late January, sending its shares to close 8.85% higher.

It revealed a $125 million cash balance and noted it’s on track to produce its first spodumene concentrate this quarter.

However, it was not all positive. The company said a particularly wet December left “a significant volume of water” in the base of Grants pit.

That was also mentioned by broker Goldman Sachs as it doubled down on its sell rating, tipping the Core Lithium share price to fall to 95 cents.

The stock tumbled 5.69% in the session following the release of the broker’s most recent note. Though, that fall might also have represented profit-taking following the prior session’s surge.

More recently, the company announced the appointment of chief financial officer (CFO) Doug Warden. Warden has previously held CFO positions at Resolute Mining Ltd (ASX: RSG) and Iluka Resources Limited (ASX: ILU).  

He will take up the position in April, filling the shoes of interim CFO Andrew Forman, who took up the post following the resignation of Simon Iacopetta.

Fortunately, the Core Lithium share price is still in the long-term green despite its recent slump.

The stock has gained 4% so far this year and 28% over the last 12 months. For comparison, the ASX 200 has risen 8% year to date and 3% since this time last year.

The post Why has the Core Lithium share price tumbled 15% in under 2 weeks? appeared first on The Motley Fool Australia.

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More reading

• Better buy: Core Lithium vs Pilbara Minerals shares
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Brainchip, Core Lithium, IAG, and Nick Scali shares are dropping today
• Would Core Lithium shares be dirt cheap if lithium prices remain strong?
• These are the 10 most shorted ASX shares

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 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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The Mesoblast Ltd (ASX: MSB) share price is on form again on Thursday.

In morning trade, the biotechnology company’s shares are up 11% to a 52-week high of $1.33.

This means the Mesoblast share price is now up over 50% since the start of the year, as you can see on the chart below.

Why is the Mesoblast share price charging higher today?

Investors have been buying Mesoblast shares again on Thursday after the company made another positive announcement.

According to the release, the United States Food and Drug Administration’s (FDA) Office of Tissues and Advanced Therapies has granted Mesoblast Regenerative Medicine Advanced Therapy (RMAT) designation to rexlemestrocel-L.

This is for the treatment of chronic low back pain (CLBP) associated with disc degeneration, in combination with hyaluronic acid (HA) as the delivery agent for injection into the lumbar disc.

What does this mean?

RMAT designations are good news for Mesoblast as they aim to expedite the development of regenerative medicine therapies that are treating serious or life-threatening disease or conditions where preliminary clinical evidence indicates that the drug has the potential to address unmet medical needs.

The release notes that RMAT designation for rexlemestrocel-L provides all the benefits of breakthrough and fast track designations, including rolling review and eligibility for priority review when filing a Biologics License Application (BLA).

Management highlights that there is a significant need for a safe, effective, and durable opioid-sparing treatment in patients with CLBP associated with degenerative disc disease.

The good news is that a completed 404-patient randomised, blinded placebo-controlled Phase 3 trial of rexlemestrocel-L combined with HA has delivered promising results. It was for this reason that the FDA granted its RMAT designation.

Mesoblast’s Chief Executive, Silviu Itescu, commented:

We are pleased to receive RMAT designation for our cellular therapy to treat CLBP due to disc degeneration. We look forward to working closely with FDA to efficiently generate the additional data needed to support marketing approval of rexlemestrocel-L for the treatment of this serious and debilitating condition.

Mesoblast highlights that CLBP is a serious condition with an annual prevalence of low back pain in the general US adult population of 10% to 30% and a lifetime prevalence in US adults as high as 65% to 80%. This makes it a potentially lucrative market for Mesoblast to target.

The post Mesoblast share price soars 11% on FDA update appeared first on The Motley Fool Australia.

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More reading

• 2 ASX All Ords shares going gangbusters on Monday
• Why Argosy Minerals, Credit Corp, Flight Centre, and Mesoblast shares are racing higher
• Guess which ASX All Ords biotech share is rocketing 13% on FDA news
• Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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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S&P/ASX 200 Index (ASX: XJO) tech stock Megaport Ltd (ASX: MP1) is on a bit of a rollercoaster on Thursday. 

The tech company, which provides Network as a Service (NaaS) solutions, closed yesterday trading for $6.19 per share. In early morning trade shares were swapping hands for $6.63 apiece, up 7.1%.

In later morning trade, those fortunes reversed, with the ASX 200 tech stock now trading for $5.85, down 5.5%.

Here’s what investors are considering.

Megaport share price seesaws on results

This morning Megaport released its results for the half-year ended 31 December (1H FY23).

(Note that all the figures quoted are in US dollars.)

The ASX 200 tech share is seeing some wild price swings and is currently deep in the red despite reporting revenue of US$47.4 million, a 27% increase compared to 1H FY22.

Monthly recurring revenue (for the last month of the reported period) increased 11% to $8.3 million.

Profits after direct network costs and partner commissions came in at $31.1 million, up 38% from the prior corresponding period.

While net losses improved from the $14.7 million reported in 1H FY22, 1H FY23 still saw the company report a net loss of $9.2 million.

Normalised earnings before interest, taxes, depreciation and amortisation (EBITDA) leapt from a loss during the corresponding half-year, to $2.3 million for the current reporting period.

As of December, the ASX 200 tech stock had 2,739 customers across 802 enabled data centres in 150 cities. The company has been broadening its footprint, reporting it reached 138 cities in 2021.

The Megaport share price could be under some pressure with the reported reduction in its cash and cash equivalents balance to $39.2 million. That’s down from $56.9 million on 30 June 2022.

The board did not declare any dividends.

How has the ASX 200 tech stock been tracking?

As you can see in the chart below, it’s been a difficult year for the ASX 200 tech stock. Over the past 12 months, the Megaport share price is down 57%.

The post ASX 200 tech stock Megaport leaps on open then plunges on half-year results appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 3 ASX tech shares that could return 100% in 2023
• These are the 10 most shorted ASX shares
• Top brokers name 3 ASX shares to buy next week
• Brokers name 3 ASX shares to buy now

Motley Fool contributor Bernd Struben 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 Megaport. The Motley Fool Australia has recommended Megaport. 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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Wouldn’t it be nice if you could turn $10,000 into $50,000 by the end of the decade? Well, the good news is that this sort of return is not unheard of with ASX shares.

While it certainly is rare, it does happen. So, why not aim for it?

How to turn $10,000 into $50,000 in seven years

To turn a $10,000 investment into $50,000 in the space of seven years, you’re going to need to generate an average annual return of 26% per annum.

This is significantly higher than the share market’s historical average of 10% per annum.

It also means that your investment will have to increase fourfold during that time. In light of this, I believe the best chance of generating this type of return is to look at the smaller side of the market.

After all, it is much easier for a $500 million to $1 billion company to grow four times its current size than it is for a $50 billion company.

However, the smaller we go looking for big returns, the higher we climb up the risk scale. This makes this endeavour suitable only for investors with a higher tolerance for risk.

With that in mind, here are a couple of ASX shares that I believe have the potential to generate very strong returns over the remainder of the 2020s.

Life360 Inc (ASX: 360)

Life360 is a $1.1 billion location technology company. It is best known for its eponymous Life360 app, which currently has 50 million global active users. The company also bolstered its offering with recent acquisitions of wearables company Jiobit and items tracking company Tile. These are opening the door to cross and upselling opportunities.

Goldman Sachs estimates that Life360 has a US$12 billion global total addressable market (TAM). This compares to the company’s 2022 revenue guidance of US$225 million to US$240 million. It also means that even if Life360 grew its revenue four times over, it would still have captured less than 10% of its TAM.

And with the company expecting to be profitable this year, the days of dilutive capital raisings appear to be over. All in all, I believe this means it could be onwards and upwards from here for this ASX tech share.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX share that I believe has the potential to turn a $10,000 investment into $50,000 by 2023 is Temple & Webster. It is Australia’s leading online furniture and homewares retailer with a market capitalisation of $650 million.

Once again, I am going to call on Goldman Sachs to support my argument with this one. The broker is expecting the company to grow its earnings before interest, tax, depreciation and amortisation (EBITDA) by a compound annual growth rate (CAGR) of 22% over the next 10 years.

And with the shift to online shopping still in its early stages for furniture sales, Temple & Webster commanding a leadership position, and the category having high barriers to entry, I feel that Goldman’s forecast is achievable.

As a result, if it does deliver on Goldman’s forecast, I believe it is highly possible for the Temple & Webster share price to generate a 26% per annum return over the next seven years.

The post 2 top ASX shares that could turn $10,000 into $50,000 by 2030 appeared first on The Motley Fool Australia.

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More reading

• 10 ASX stocks to buy before they report this earnings season: Goldman
• Top ASX value shares to buy in February 2023
• How to create a million-dollar ASX share portfolio in two decades
• A new bull market is coming: 3 ASX shares I’d load up on before it gets here
• Goldman reveals the ASX shares that could surprise to the upside (and downside) this reporting season

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 and Temple & Webster Group. 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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The Qantas Airways Limited (ASX: QAN) share price is above the S&P/ASX 200 Index (ASX: XJO)’s clouds on Thursday amid what could be exciting news for the airline.

First up, its takeover target Alliance Aviation Services Ltd (ASX: AQZ) has posted a return to profit.

Meanwhile, the United Nations’ International Civil Aviation Organization (ICAO) has forecast demand for air travel will make a complete recovery this year, returning to pre-pandemic levels.

Right now, the Qantas share price is trading at $6.55, flat with its previous close.

For comparison, the ASX 200 has dropped 0.35% at the time of writing.

Let’s take a closer look at what might be going right for the flying kangaroo this morning.

Qantas share price gains amid takeover target’s profitability

The Qantas share price is outperforming amid the release of Alliance Aviation’s half-year earnings. Here are the key takeaways from the takeover target’s results, released after the market closed on Wednesday:

• $9.5 million statutory profit – a $14 million improvement on that of the prior comparable period (pcp)
• Statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) nearly doubled to reach $42.2 million
• Revenue lifted $68.4 million to $238.5 million
• Underlying cash flow came in at $27.4 million
• Declined to pay a dividend

The Alliance Aviation share price is down 0.87% to trade at $3.40 at the time of writing.

Qantas put forward a successful $4.75 per share bid for the aviation services provider in May 2022, valuing it at $764.5 million.

However, the Australian Competition & Consumer Commission (ACCC) is proving hard to convince. It’s concerned the acquisition could have a negative impact on competition in the aviation sector.

Demand for air travel tipped to grow in 2023

Qantas might also be front of mind today after the ICAO stated it expects passenger demand for air travel to reach pre-pandemic levels by the first quarter of 2023.  

Demand is tipped to be around 4% stronger than it was in 2019 this year, translating to a compound annual growth rate of 0.7% between 2019 and 2024.

It also tips airlines to return to profitability in the final quarter of 2023, ending three years of losses, as long as risks impacting international air transport don’t escalate.

Qantas expects to beat that prediction. The ASX 200 airline upgraded its first-half guidance in November, tipping a $1.35 billion to $1.45 billion underlying profit before tax for the period.

The post What’s going on with the Qantas share price today? appeared first on The Motley Fool Australia.

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More reading

• Why experts say these ASX 200 blue chip shares are buys
• 10 ASX stocks to buy before they report this earnings season: Goldman
• Virgin IPO talks are heating up. So why is the Qantas share price still climbing?
• Up 25% in a year, is it time to cash in Qantas shares?
• Should I buy Qantas shares before the company’s ASX earnings update?

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Alliance Aviation Services. 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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Some ASX dividend stocks can seem expensive, while others appear very cheap. I think the ones that have good dividend yields and are expected to grow earnings could be great options for passive income.

When an ASX share has a low price/earnings (P/E) ratio it naturally boosts the dividend yield on offer.

In valuation terms, a lower P/E ratio is seen as cheaper. It describes what multiple of earnings the business is trading at. The lower the better, if the business is expected to grow earnings over time.

I think these are two of the best cheap ASX shares to consider.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is a leading retailer in Australia of hair removal products. It also offers beauty and oral care products.

The business is part of a growing market. According to Shaver Shop, there is a growing demand for beauty and personal care products – the beauty and personal care market in Australia is expected to grow from just over $10 billion to $12 billion by 2026.

New products are released every year, enabling the business to sell the most advanced products in those categories. The business is growing its store network, with its eyes on growth in New Zealand.

The ASX dividend stock has grown its dividend each year since 2017 and this is expected to continue to FY25. According to Commsec, it could pay a grossed-up dividend yield of 12.1% in FY23 and 13.8% by FY25.

The business seems very cheap to me. Using Commsec’s EPS projection of 12.6 cents, it’s priced at 10 times FY23’s estimated earnings, with growth forecast for FY24 and FY25.

Pengana Capital Group Ltd (ASX: PCG)

Pengana is a fund manager that offers a variety of investment funds for investors. The business ended December 2022 with funds under management (FUM) of $3.2 billion, which is similar to where it finished June 2022.

Investment markets have generally risen since December, giving the company a positive outlook for the second half of FY23.

At the company’s annual general meeting (AGM), it said that private market strategies are expected to become the dominant source of profitability. Pengana said it’s well-placed to grow in this market, with its global private equity vehicle Pengana Equity Trust Pvt (ASX: PE1).

The ASX dividend stock has also been working on developing private credit strategies. It said it has “strong growth potential with large capacities.” It will be launched in the second half of FY23.

The latest half-year dividend from Pengana was 8 cents per share. If Pengana were to pay 16 cents per share in FY23, it would be a grossed-up dividend yield of 13%. Since 9 February 2023, the Pengana share price has dropped around 23%, making it seem much cheaper.

The post 2 ASX dividend stocks I think are dirt-cheap right now appeared first on The Motley Fool Australia.

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More reading

• Here’s how I’d start building a second income this February, for $30 a week
• Can these next-gen dividend heroes provide a passive income for life?
• Which ASX dividend shares I’d buy now to target $50,000 of annual passive income
• Top ASX value shares to buy in 2023

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 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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The Sayona Mining Ltd (ASX: SYA) share price has roared 26% in 2023 to trade at 24 cents right now.

Interestingly, however, the S&P/ASX 200 Index (ASX: XJO) lithium share isn’t short of shorters. In fact, it’s currently the fifth most shorted company on the ASX. More than 9% of its stocks are effectively being used to bet against it.

Is that a sign that market watchers should steer clear of Sayona shares? Let’s take a look.

Sayona shares among the market’s most shorted

Before we consider whether the notable short interest in Sayona shares could be a red flag for investors, let’s recap what it means.

Short selling is a way in which one aims to profit from a falling share price. A short seller will borrow a company’s stock and immediately sell it on the market for cash.

When it comes time to return the borrowed shares, they’ll buy them on market, hopefully for less cash than they sold them for. They then take the difference as profit (or loss).

So, it seems many market participants are sceptical of the Sayona share price’s future performance. Perhaps more important to consider, though, is why.

What’s turned short sellers’ attention to the ASX 200 lithium share?

There are many reasons short sellers might turn to a particular company.

For instance, short sellers might be disenchanted by the future of lithium prices and might be shorting the lithium hopeful in response.

Interestingly, Sayona’s journey towards profitable lithium production looks like it could be a unique one.

Sayona hopes to restart production at its North American Lithium operation this quarter.

However, much of the lithium produced at the operation will be bought by the company’s partner Piedmont Lithium Inc (ASX: PLL) for up to US$900 a tonne. That’s far below current spot prices. Additionally, lithium prices have been tipped to fall in the coming years as supply catches up with demand.

Of course, the company’s whopping short position might have nothing to do with its business. It’s also worth noting its ASX 200 lithium peers Core Lithium Ltd (ASX: CXO), Liontown Resources Ltd (ASX: LTR), and Lake Resources N.L. (ASX: LKE) are also among the ASX’s 10 most shorted shares right now.

Still, I’d argue a high short position might represent a risk for long-term investors. Thus, those interested in Sayona shares might want to contemplate its considerable short position before buying its shares.

The post ASX 200 lithium share Sayona is heavily shorted. Should you steer clear? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here are the 3 most heavily traded ASX 200 shares on Monday
• These are the 10 most shorted ASX shares
• Here are the 3 most heavily traded ASX 200 shares on Friday

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 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’re looking for growth shares for your portfolio, it could be worth checking out what Macquarie Group Ltd (ASX: MQG) is telling its clients.

The investment bank’s Macquarie Wealth Management (MWM) business operates recommended portfolios for growth and income investors which it updates monthly.

Macquarie notes that the MWM Recommended Portfolios represent a starting point to form a portfolio with growth or income characteristics.

Among its top growth picks right now are the ASX 200 shares listed below:

CSL Limited (ASX: CSL)

This biotherapeutics giant takes the top spot with a portfolio weighting of 8.3%. Macquarie has an outperform rating and $343.00 price target on its shares, which compares favourably to the latest CSL share price of $306.20.

Mineral Resources Ltd (ASX: MIN)

The next largest position in the portfolio is this ASX 200 mining and mining services company with a portfolio weighting of 7.7%. The broker currently has an outperform rating and $126.00 price target on the company’s shares. This suggests decent upside for the Mineral Resources share price, which is currently fetching $91.19.

Computershare Limited (ASX: CPU)

Another ASX 200 share in the portfolio is administration services company, Computershare. It is the third largest holding in Macquarie’s growth portfolio with a 7.5% weighting. The broker has an outperform rating and lofty $31.00 price target on its shares. This compares favourably to the latest Computershare share price of $24.39.

Pilbara Minerals Ltd (ASX: PLS)

Finally, Macquarie is a big fan of this ASX 200 lithium share and has included in its growth portfolio again with a weighting of 6.7%. The broker currently has an outperform rating and $7.50 price target on its shares. This suggests major upside potential for the Pilbara Minerals share price from the current level of $4.94.

The post These ASX 200 shares are top picks in Macquarie’s growth portfolio appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• With interest rates heading higher again, the risk is to the downside for these popular blue chip ASX shares
• Macquarie share price continues to climb as acquisition speculations heat up

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 positions in and has recommended Macquarie 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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