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Every expert seems to be warning investors to be selective about which ASX shares to buy at the moment.

With consumers and businesses starting to tighten their belts after a year of interest rate hikes, “quality” is an often-used word currently among professional investors.

“The market is fairly priced, but there’s still pockets of value and there’s pockets of overvaluation,” Schroders portfolio manager Ray David told The Motley Fool last week.

“The market, we think, is going to be volatile going forward.”

Fortunately, two of David’s peers named a pair of stocks that they deem high enough quality to buy in the current market:

Revenue up 50% already but further boost coming

Medallion Group analyst Jean-Claude Perrottet told The Bull that international education services provider IDP Education Ltd (ASX: IEL) delivered “strong results” for the last financial year.

“The company lifted revenue by 50% on the prior corresponding period.”

As the world gradually shifted to a post-COVID era in 2022, the IDP share price crept upward as investors anticipated the free movement of students across borders once again.

Since mid-June, the stock has rocketed 50% higher.

But a recent catalyst makes Perrottet believe the party will continue for a while yet.

“China recently banned its students from online learning at overseas universities,” he said.

“We expect IDP Education to benefit from an influx of Chinese students returning to Australia.”

IDP shares are currently something of a darling among the professional community. According to CMC Markets, eight out of 10 analysts call it a buy.

Higher cash margins to come

Bell Potter Securities investment advisor Christopher Watt named Netwealth Group Ltd (ASX: NWL) as a buy.

“Netwealth is a financial services company. Funds under administration increased 10.2% or $5.8 billion for the 12 months to December 31, 2022, despite negative market movement of $4.6 billion.”

The Netwealth share price is down 9% over the past 12 months.

Watt admitted recent in-flows had been “weaker than expected” but was upbeat about the future.

“We anticipate an improvement underpinned by recent client wins,” he said.

“Further, higher cash margins and slowing cost growth are expected to result in stronger earnings growth.”

Other professionals aren’t quite as convinced about Netwealth. Only six out of 13 analysts currently surveyed on CMC Markets rate it as a buy.

The post Buy these 2 ASX 200 shares growing earnings as we speak: expert appeared first on The Motley Fool Australia.

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More reading

• The ASX 200 is still full of cheap shares despite this year’s surge and I’m ready to buy more
• 3 ASX shares to cash in on China’s reopening to the world: Jun Bei Liu
• Why Fisher & Paykel, Netwealth, Stanmore, and Terracom shares are dropping
• Which ASX fintech stock is hot to buy right now?
• 3 all-star ASX 200 shares ECP is going all-in on

Motley Fool contributor Tony Yoo 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 Idp Education and Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth 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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While S&P/ASX 200 Index (ASX: XJO) shares in most sectors suffered last year, one bright spot was the energy sector.

With a war in Ukraine disrupting supplies from Russia, energy prices rocketed and the industry benefited from a favourable supply-demand ratio.

Despite the boom in 2022, many experts reckon energy stocks will continue their golden run into 2023.

“The energy sector is quite cheap. We’re overweight energy,” Schroders portfolio manager Ray David told The Motley Fool last week.

“The multiples that they’re trading on are still quite low. They’re trading on about six or seven times earnings.”

If you agree with this thesis, here are two energy-related ASX 200 shares that experts have named as buys this week:

‘Favourable industry dynamics paint a bright outlook’

Oil and gas producer Santos Ltd (ASX: STO) is one that David named as an example of a cheap buy, and Medallion Group analyst Jean-Claude Perrottet agreed.

“Santos’ fourth quarter result met production expectations. Sales revenue hit record levels of US$7.8 billion in fiscal year 2022, up 65% on the prior year,” Perrottet told The Bull.

“Favourable industry dynamics paint a bright outlook for the energy sector.”

The Santos share price is actually 7.3% down over the past 12 months, while paying out a 2.8% dividend yield.

Another reason to buy Santos stock now, for Perrottet, is a just-announced sweetener.

“Santos recently announced an increase in its share buy-back, offering an additional US$350 million increase to now total US$700 million.”

Santos shares are a favourite among David and Perrottet’s peers too.

According to CMC Markets, all 18 analysts covering the stock recommend it as a buy. Fourteen of them rate it as a strong buy.

Profit up 100% but stock’s the same price as a year ago

On the other end of the energy supply chain, Ampol Ltd (ASX: ALD) is going well in the retail space.

Bell Potter Securities investment advisor Christopher Watt would buy it right now.

“Australia’s largest refined fuel retailer reported a statutory net profit after tax of $695.9 million in the 2022 first half,” he said.

“It represented an increase of more than 100% on the prior corresponding period.”

The Ampol share price, surprisingly, has dipped 1.44% over the past year. And that’s only after a 10.47% rally since the start of 2023.

The stock does pay out an attractive 5.23% dividend yield.

Watt is positive about the business looking ahead. 

“We expect stronger refiner margins and capital management to drive future success,” he said.

“The stock offers attractive fully franked dividends.”

The post 2 ASX 200 shares to buy while energy shortage rages on: experts appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Should I buy Santos shares right now for dividend income?
• 5 things to watch on the ASX 200 on Monday
• Morgans names 2 high yield ASX dividend shares to buy this month
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Tony Yoo 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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Later today, the Reserve Bank of Australia is widely expected to lift rates again. So, if you’re looking for a passive income boost to combat increasing rates, you may want to consider the two ASX dividend shares named below that experts rate highly.

Here’s why they say these ASX dividend shares are buys right now:

Telstra Corporation Ltd (ASX: TLS)

The first ASX dividend share that could be a buy is Australia’s largest telco, Telstra.

Morgans is a big fan of the company and has an add rating and $4.60 price target on its shares. The broker likes Telstra due to its successful transformation, rational competition, and its ongoing restructure. The latter could unlock value for shareholders from the sale of infrastructure assets.

In respect to dividends, the broker is expecting Telstra to continue paying fully franked 16.5 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.14 this equates to yields of 4%.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that has been tipped as a buy is youth fashion retailer Universal Store.

The team at Goldman Sachs is bullish on the company and has a buy rating and $7.55 price target on its shares.

The broker likes Universal Store due to store rollout opportunities and its exposure to younger consumers. It expects the latter to continue spending in 2023 thanks to minimum wage increases and their lower exposure to rising interest rates.

As for dividends, the broker is expecting fully franked dividends of 27.2 cents in FY 2023 and 29.9 cents in FY 2024. Based on the latest Universal Store share price of $5.64, this equates to yields of 4.8% and 5.3%, respectively.

The post Beat the RBA hikes with these ASX dividend shares in February: experts appeared first on The Motley Fool Australia.

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More reading

• 3 ASX dividend shares I’m backing to outperform in 2023
• 3 ASX dividend shares for lazy investors
• Buy these growing ASX dividend shares for passive income: Goldman
• Top brokers name 3 ASX shares to buy next week
• Here’s how I’d start building a second income this February, for $30 a week

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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Some of the smaller ASX dividend shares could be contenders for good dividends and growth in the future. I think one name to consider is Paragon Care Ltd (ASX: PGC).

After going through a difficult period over the last few years, the ASX healthcare share seems to be on a positive path again.

It’s mainly focused on the sale of medical equipment and devices, along with related consumables and maintenance support. Paragon is also involved in services and technology. The business has a presence in Australia, New Zealand, and Asia.

Management expect growth

In FY22, the business made $248 million in revenue, with Paragon forecasting this to reach $320 million in FY23. In the last financial year, it also made $30.2 million of underlying earnings before interest, tax, depreciation and amortisation (EBITDA) – this is expected to grow by 30% in FY23.

The FY23 EBITDA is expected to grow organically by between 5% to 10%, weighted more to the second half.

After that, Paragon expects organic growth to be more than 10% per annum (which excludes acquisitions). This comes from a “broad range of growth initiatives across the pillars in both ANZ and Asia”.

The ASX dividend stock says that it’s targeting $100 million of EBITDA by FY26 through a combination of organic growth and acquisitions.

Paragon Care Asia, which was previously known as Quantum, already has a presence in Thailand, South Korea, the Philippines, China, Vietnam, and New Zealand, with targeted markets of Japan, Indonesia, and Singapore. It’s going to leverage existing supplier partnerships, aim to win new suppliers on the basis of its “comprehensive Asia Pacific footprint”, and support the Immulab push into Asia.

The overall Paragon plan is to generate a stronger and more executable pipeline of growth, and have a “conscious bias towards high quality earnings rather than revenue growth per se”.

Dividend potential

The ASX dividend share grew its annual dividend by 20% in FY22 compared to FY21.

Paragon’s board has stated that it is focused on sustained growth in shareholder wealth, consisting of “dividends and growth in share price”.

In 2022, it paid an annual dividend per share of 1.2 cents, translating into a current grossed-up dividend yield of 5.4%. However, that’s the past.

If someone were to invest today, it’s the FY23 dividend that they’d receive.

Commsec numbers suggest that Paragon could pay an annual dividend of 1.5 cents per share, which would be a grossed-up dividend yield of 6.8%.

While they are just projections, the numbers on Commsec suggest the business is valued at 12 times FY23’s estimated earnings and could keep growing earnings each year to FY25, when it might pay an annual dividend of 2 cents per share. This could be a potential grossed-up dividend yield of more than 9%.

While this is a small business with a fair amount of risk, I like that it operates in the healthcare space, which may mean lower risk — and it’s already profitable.

The post ASX dividend stocks: Here’s a diamond in the rough I’d buy yielding more than 6% appeared first on The Motley Fool Australia.

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More reading

• Beat the RBA hikes with these ASX dividend shares in February: experts
• 5 things to watch on the ASX 200 on Tuesday
• Conviction list: Goldman Sachs tips big returns from these ASX 200 shares
• 2 ASX dividend shares to buy with big yields: Morgans
• Should I buy Santos shares right now for dividend income?

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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.25% to 7,539 points.

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

ASX 200 expected to edge higher

The Australian share market looks set to edge ever so slightly higher on Tuesday following a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 1 point higher. In late trade in the United States, the Dow Jones is down 0.1%, the S&P 500 is down 0.55%, and the NASDAQ is down 0.85%.

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 0.9% to US$74.05 a barrel and the Brent crude oil price is up 1.25% to US$80.92 a barrel. Traders appear to believe oil prices were oversold after dropping 8% last week.

RBA meeting

All eyes will be on the Reserve Bank of Australia this afternoon when the central bank makes its cash rate decision. According to the latest cash rate futures, there’s a 80% probability that the RBA will lift the cash rate by 25 basis points to 3.35%. Anything more than this could spook investors and put pressure on the ASX 200 index.

Gold price rises

It could be a better day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price rose overnight. According to CNBC, the spot gold price is up 0.4% to US$1,884.3 an ounce. Economic growth concerns boosted demand for the safe haven asset.

Transurban results

The Transurban Group (ASX: TCL) share price will be one to watch this morning. That’s because the toll road giant is scheduled to release its half year results today, with the market expecting a net profit after tax of $144.7 million and an interim dividend of 26 cents per share.

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

• Should I buy Santos shares right now for dividend income?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the ARB share price beating the ASX 200 today?
• Why Beach, Newcrest, Patriot Battery Metals, and Warrego Energy shares are rising

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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Looking for ASX 200 shares to buy? Then you might want to check out the two shares listed below that are currently on the coveted conviction list of Goldman Sachs.

These are the ASX 200 shares that Goldman rates incredibly highly and is tipping big returns from. Here’s why the brokers thinks they could be top options for investors right now:

Lifestyle Communities Limited (ASX: LIC)

The first ASX 200 share that Goldman Sachs is tipping as a conviction buy is Lifestyle Communities.

It builds, owns, and operates land lease communities which provide affordable housing options to Australians over 50.

Goldman Sachs is very positive on the company due to strengthening demand for land lease options, which is being driven by Australians increasingly looking to enhance retirement by releasing equity from the family home. It commented:

Lifestyle Communities (LIC) is a developer and manager of residential land lease communities in Australia. The long-term outlook for LIC is very positive — we believe outperformance of the stock will be driven by: (1) a step up in the pace of land acquisitions, with industry build rates below demand from an ageing population; (2) structural growth in demand for land lease as the sector increases its penetration among retirees; (3) fundamental valuation support for cap rates.

Goldman Sachs has a conviction buy rating and $26.00 price target on the company’s shares. This suggests potential upside of 33% for investors from current levels.

Xero Limited (ASX: XRO)

Another ASX 200 share that has been named as a conviction buy is Xero.

It is a provider of a cloud-based accounting solution used by millions of small businesses globally.

Although it has been growing strongly for years, Xero could still grow materially in the future. That’s because it only has 3.3 million subscribers out of a total addressable market of 100 million according to Goldman Sachs. This provides it with a huge growth runway over the next decade or two. Goldman commented:

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 has a conviction buy rating and $109.00 price target on its shares. This implies potential upside of almost 35% for investors based on the current Xero share price.

The post Conviction list: Goldman Sachs tips big returns from these ASX 200 shares appeared first on The Motley Fool Australia.

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More reading

• 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
• I’m listening to Warren Buffett and buying ASX shares on sale
• Why Centuria Office, Deep Yellow, Newcrest, and Xero shares are racing higher today

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 Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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Santos Ltd (ASX: STO) shares have been through plenty of ups and downs. While the Santos share price may be moving like a yo-yo, it’s a good idea to look at how much dividend the business could pay.

As an oil and gas ASX share, movements in energy prices can have a big impact on the profitability and how much the company is able to send to shareholders.

So, let’s first consider how much dividend income the business is actually expected to pay out this year.

Dividend projections

According to Commsec, Santos could pay an annual dividend per share of 35.2 cents.

If the company were to pay that amount, it would amount to a dividend yield of 5%, excluding any franking credits.

But, keep in mind that dividends are not guaranteed. Plus, dividends from ASX resource shares are unlikely to be consistent because of the volatile nature of commodity prices.

In FY24, the Santos annual dividend per share is projected to decrease to 26.5 cents per share and then fall to 21.2 cents per share in FY25. In other words, this could be the best that it gets in terms of dividend income for the next few years.

Is the Santos share price worth buying at this level?

Santos is down over the last year, six months, and in 2023 to date. Investors haven’t been excited by the ASX oil giant recently.

Interestingly, it does trade on a cheaper earnings multiple compared to Woodside Energy Group Ltd (ASX: WDS).

According to Commsec, Santos is valued at 7x FY23’s estimated earnings and 8x FY24’s estimated earnings.

Commsec numbers suggest that Woodside is valued at almost 10x FY23’s estimated earnings and close to 11x FY24’s estimated earnings.

There is widespread optimism by analysts on the prospects for Santos shares.

Of the analyst opinions that Commsec looks at, all 18 ratings are a buy, with no holds or sells.

What about recent results?

The company recently announced its update for the fourth quarter of 2022. It said that sales revenue was US$1.9 billion for the quarter, taking 2022 sales to US$7.8 billion – up 65% year over year.

It achieved an annual free cash flow of around US$3.6 billion, more than double the level of 2021. Fourth quarter free cash flow was US$930 million in the quarter. With some of its cash flow, it has been carrying out a share buyback.

With the Santos share price being close to a 52-week low, I think it’s worth considering. However, I’m not confident about its earnings growth prospects over the rest of the decade, so it’s not one on my watchlist at the moment.

The post Should I buy Santos shares right now for dividend income? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Morgans names 2 high yield ASX dividend shares to buy this month
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• Worried about where ASX 200 oil stocks are heading? Read this

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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Looking for some ASX dividend share to add to your portfolio? Then take a look at the two listed below that Morgans rates as buys.

Here’s what the broker is saying about them:

HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share to look at is the HomeCo Daily Needs REIT.

It is a property company with a focus on convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.

Morgans is a fan of the company due partly to its significant development pipeline. The broker highlights that this development pipeline is valued at over $500 million and should underpin solid future growth.

As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.5 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.33, this will mean dividend yields of 6.2% and 6.4%, respectively.

Morgans has an add rating and $1.52 price target on its shares.

Mineral Resources Ltd (ASX: MIN)

Another ASX dividend share that Morgans rates as a buy is Mineral Resources.

It believes the mining and mining services company’s exposure to lithium and iron ore is an ideal combination to benefit from the China re-opening.

It also expects this exposure to underpin some big dividend payments in the near term. Morgans is expecting fully franked dividends of $4.04 per share in FY 2023 and $6.21 per share in FY 2024. Based on the current Mineral Resources share price of $88.60, this will mean 4.55% and 7% dividend yields, respectively.

Morgans currently has an add rating and $99.40 price target on its shares.

The post 2 ASX dividend shares to buy with big yields: Morgans appeared first on The Motley Fool Australia.

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More reading

• 3 top ASX mining shares I’d dig into and buy in February
• Top ASX value shares to buy in February 2023
• These are the best ASX 200 mining shares to buy now: Morgans
• Should I buy ASX 200 lithium shares now or not?
• 3 ASX lithium shares to buy right now: 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 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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A light appears to be peeking through at the end of the tunnel for ASX shares and the broader market this year. The potential for interest rate rises to soon slow and stop has plenty of investors eager to dive back into the ‘riskier’ end of equities.

To illustrate, the tech-focused Nasdaq Composite Index (NASDAQ: .IXIC) and S&P/ASX All Technology Index (ASX: XTX) are up 15.6% and 14.8% respectively after a little more than a month. Meanwhile, the broader Aussie benchmark index has climbed a lesser 8.6% so far this year.

However, the early widespread strength might be somewhat deceptive according to one investment analyst. Instead, Dr Justin Koonin of Allan Gray Australia suggests a murkier future ahead as the heightened cost of capital canes the corporate world.

The changing environment renews the importance of what Koonin describes as a key factor for long-term outperformance.

Have you checked your weight (across ASX shares) lately?

There is a common misconception in investing that volatility is equivalent to risk. They believe the size and frequency of share price movements are where the ‘risk‘ is for investors. But that isn’t the case… remember we are investing in businesses, not tickers.

Here’s an example case to look at to understand ‘risk’ across two scenarios:

1. Company A is a profitable business with a history of growing earnings above 10% per annum with extensive cash reserves and no debt. The company is a microcap (~$100 million market capitalisation), has minimal market liquidity, and a share price that regularly moves 10% on the ASX in a single day.
2. Company B is an unprofitable business with declining revenues and a high rate of turnover in management. The company’s cash balance is dwindling while debts are rising. Company B has a large market capitalisation (~$2 billion) and is highly liquid with the share price relatively stable at around $3.

Although Company A might have a more volatile share price, the business itself is in a less ‘risky’ position than Company B.

Dr Koonin explains this further in a press release made earlier today, stating:

Most investors tend to think about risk in terms of volatility. But there will always be volatility, that’s part and parcel of investing. We instead view risk as the potential for permanent loss of capital.

Careful stock picking can help mitigate the risk of permanent loss of capital. Outperformance over the long term does not solely depend on the stocks picked but also significantly depends on the weight of the stocks in the portfolio.

The key consideration for investors is to ensure they’re appropriately weighted across their ASX shares based on this definition of risk. Essentially, a company you believe is ~80% likely to return 20% should hold a larger weighting than a company that you believe has a 5% chance of returning 100%.

Echoing Buffett in 2023

The commentary from Koonin on allocating capital based on the risk of permanent loss of capital is reminiscent of the great Warren Buffett.

The legendary investor and CEO of Berkshire Hathaway has long been quoted on his two key rules, “Rule number 1: Never lose money; rule number 2: Never forget rule number 1.”

As ASX shares begin to pick up steam again this lesson in risk and capital allocation might be a timely one. As Dr Justin Koonin puts it, “You can outperform with a low hit rate if the upside of the outperforming investment is large.”

The post The secret sauce to outperforming with ASX shares in 2023: expert appeared first on The Motley Fool Australia.

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More reading

• 2 ASX dividend shares to buy with big yields: Morgans
• Here are the top 10 ASX 200 shares today
• This ASX ETF just hit an all-time high. Is it too late to buy?
• Should ASX 200 investors buy Flight Centre shares ahead of this month’s earnings update?
• Here’s why analysts rate these blue chip ASX 200 shares as buys

Motley Fool contributor Mitchell Lawler 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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After coming tantalisingly close to its all-time high on Friday, the S&P/ASX 200 Index (ASX: XJO) likely disappointed many market watchers by starting the week in the red. The index fell 0.25% today to close at 7,539 points.

Its biggest weight? The S&P/ASX 200 Real Estate Index (ASX: XRE).

The sector fell 1.95% on the eve of the Reserve Bank of Australia’s (RBA’s) February meeting where it’s expected to hike rates once more following last month’s unexpectedly stubborn inflation data.

Interestingly, however, the S&P/ASX 200 Energy Index (ASX: XEJ) was today’s best-performing sector, rising 0.9% despite lower oil prices.

The price of Brent crude dropped 2.7% on Friday to close the week 7.8% lower at US$79.94 a barrel, while US Nymex crude oil fell 3.3% on Friday, marking a 7.9% week-on-week fall that saw it end at US$73.39 a barrel.

But it wasn’t an energy stock that topped the lot today. Let’s take a look at the 10 ASX 200 shares posting the biggest gains on Monday.

Top 10 ASX 200 shares countdown

Starting the week out on the best foot was gold mining giant Newcrest Mining Ltd (ASX: NCM).

Its share price soared 9% to close at $24.53 amid a takeover offer from world leader Newmont Corporation (NYSE: NEM).

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Newcrest Mining Ltd (ASX: NCM)	$24.53	9.27%
Beach Energy Ltd (ASX: BPT)	$1.54	3.7%
Incitec Pivot Ltd (ASX: IPL)	$3.53	3.22%
Whitehaven Coal Ltd (ASX: WHC)	$8.46	2.92%
Link Administration Holdings Ltd (ASX: LNK)	$2.04	2.77%
New Hope Corporation Limited (ASX: NHC)	$5.94	2.59%
TPG Telecom Ltd (ASX: TPG)	$4.80	2.56%
Computershare Limited (ASX: CPU)	$24.59	2.42%
Coronado Global Resources Inc (ASX: CRN)	$2.12	2.42%
AUB Group Ltd (ASX: AUB)	$24.67	2.15%

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

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the ARB share price beating the ASX 200 today?
• Why Beach, Newcrest, Patriot Battery Metals, and Warrego Energy shares are rising
• Why top brokers say surge in CSL share price will continue
• Will Newmont offer more for Newcrest 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 positions in and has recommended Link Administration. The Motley Fool Australia has recommended Aub Group and Tpg Telecom. 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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