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The Rio Tinto Ltd (ASX: RIO) share price will be on watch on Tuesday.

This follows the release of the mining giant’s fourth quarter and full year update this morning.

Rio Tinto share price lower despite achieving iron ore guidance

For the three months ended 31 December, Rio Tinto ended the financial year positive with solid production growth across its key iron ore operations.

The company’s Pilbara iron ore business delivered production of 89.5Mt for the quarter, which was up 6% year over year and quarter on quarter. This underpinned iron ore shipments of 87.3Mt for the period, which equates to an increase of 4% year over year and 5% since the third quarter.

Management advised that this reflects performance improvements continuing across the system and a record second half performance across the mine and rail system.

For the full year, this led to Rio Tinto reporting iron ore shipments of 322Mt, which was at the low end of its guidance range of 320Mt to 335Mt.

Also achieving guidance for the full year was its aluminium, bauxite, copper, diamonds, iron ore pellets, and titanium dioxide slag production. In fact, only Rio Tinto’s alumina production fell narrowly short of guidance for FY 2023.

Unfortunately, as many were likely to be expecting, Rio Tinto hasn’t been able to avoid inflationary pressures. It advised that its FY 2022 Pilbara iron ore unit cash costs are likely to end up slightly above the top end of its US$19.5-US$21.0 per tonne guidance range. This is primarily due to inflation, diesel prices, and labour costs.

Though, with Rio Tinto commanding US$99 a tonne for its iron ore during the quarter, this led to the mining giant averaging a price of US$97.6 per wet metric tonne for the 12 months. As a result, it is still generating material free cash flow from these operations despite missing its cost guidance.

Management commentary

Rio Tinto’s chief executive, Jakob Stausholm, was pleased with the quarter. He said:

A number of operational records were achieved in the second half across the Pilbara iron ore mine and rail system. Deployment of our Safe Production System resulted in improved performance at those sites and overall production was higher versus 2021 across all commodities, with the exception of aluminium and alumina.

The acquisition of Turquoise Hill Resources strengthens our copper portfolio and demonstrates our ability to allocate capital with discipline to grow in materials the world needs for the energy transition and delivering longterm value for our shareholders. Copper guidance has been increased accordingly.

Stausholm also spoke about the company’s growth projects, including its expansion into lithium. He adds:

We continue to invest in future growth, progressing the Rincon lithium project in Argentina and are working with our partners to progress the Simandou project in Guinea.

In line with our new purpose of finding better ways to provide the materials the world needs, we will continue to progress our four objectives and strategy to strengthen the business, which will lead to profitable growth and continue to deliver attractive shareholder returns.

FY 2023 guidance

All of Rio Tinto’s FY 2023 guidance remains unchanged, except for mined copper. The latter has increased to reflect the increased ownership in Oyu Tolgoi from 33% to 66%.

The company is guiding to:

• Iron ore shipments of 320Mt to 335Mt
• Alumina production of 7.7Mt to 8Mt
• Aluminium production of 3.1Mt to 3.3Mt
• Bauxite production of 54Mt to 57Mt
• Mined copper production of 650kt to 710kt

The post Rio Tinto share price falls on Q4 update appeared first on The Motley Fool Australia.

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More reading

• Why did iron ore shares lag the ASX 200 on Monday?
• 6 ASX mining shares just upgraded by brokers
• Goldman tips continued surge in copper price. Which ASX mining shares might benefit?
• 5 things to watch on the ASX 200 on Thursday
• Will 2023 be a golden year for ASX 200 mining 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 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 Zip Co Ltd (ASX: ZIP) share price was once a market marvel, but the last 18 months have brought it to its knees. And much of its tumble came amid concerns about the buy now, pay later (BNPL) outfit’s future profitability.

The stock peaked at $14.53 apiece in early 2021 before hitting a multi-year low of 43.5 cents in June 2022.

Today, the Zip share price has recovered some to trade at 67 cents. Indeed, it’s gained a notable 19% since the start of 2023.

Could its rebound be spurred by confidence that this is Zip’s year to turn a profit? Let’s take a look.

Zip shares have suffered in recent years

The Zip share price peaked as household savings soared amid the pandemic, leaving consumers with plenty of discretionary cash. Conversely, it collapsed as inflation took off, spurring interest rate hikes and the cost of living to surge.

Simultaneously, the company’s bad debts – those not paid back by consumers – spiked and the value of many tech companies plunged

Not to mention, many of the world’s biggest brands have got in on the BNPL action in recent years. Looking at you Apple Inc (NASDAQ: AAPL) and PayPal Holdings Inc (NASDAQ: PYPL).

Still, Zip is cash flow positive in Australia and New Zealand and has a clear path to free cash flow in the United States. But there’s more to profitability than free cash flow. Let’s jump into Zip’s balance sheet.

Let’s look at the BNPL icon’s balance sheet

There were plenty of highlights in Zip’s most recent full-year earnings, released in August 2022.

It posted a record $620 million in revenue and $8.7 billion in transaction volume. It also ended financial year 2022 with $279 million of cash and liquidity.

However, it also posted a whopping $1.1 billion post-tax loss for the period.

Meanwhile, the company turned its attention to sustainable growth amid 2022’s economic environment. It looked to lessen cash burn, manage losses, and improve its economics.

So, can the company recover its losses in 2023 to post a profit? There’s hope profitability won’t evade the BNPL favourite for much longer.

Zip could be on track to post a profit in 2023

Competitor and Zip’s once-takeover-target Sezzle Inc (ASX: SZL) posted its maiden monthly profit in December.

And Zip likely won’t be far behind. The company is targeting profitability in financial year 2024.

In fact, it’s aiming to post positive cash earnings before tax, depreciation, and amortisation (EBTDA) in the first half of next fiscal year, according to Zip CEO Larry Diamond.

That means it could be operating in the green by the end of calendar year 2023.

I’d be willing to bet that all eyes will be on the embattled ASX BNPL share, and its bottom line, in the coming months as the market anticipates the milestone news.

The post Will Zip deliver a profit in 2023? appeared first on The Motley Fool Australia.

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More reading

• 4 ASX All Ordinaries shares surging over 10% on Monday
• Here are the 10 most shorted ASX shares
• Why has the Zip share price already bolted 21% higher in 2023?
• Here are the 10 most shorted ASX shares
• Why Magellan, Pointsbet, Star, and Zip shares are dropping today

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 Apple, PayPal, and Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple and PayPal. 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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ASX dividend shares can be found across the market capitalisation spectrum. Lesser-known names can still be great options for passive income.

Investors have probably heard of names like BHP Group Ltd (ASX: BHP), Telstra Group Ltd (ASX: TLS) and Commonwealth Bank of Australia (ASX: CBA). They are popular dividend picks for some investors.

But, both a large business and a small one can pay a good dividend yield. So, let’s look at these two names with high projected payouts.

Cromwell Property Group (ASX: CMW)

Cromwell describes itself as a real estate investor and fund manager with operations across three continents and a global investor base.

According to estimate data on Commsec, the business is projected to pay a distribution per security of 5.8 cents in both FY23 and FY24. This translates into a forward distribution yield of 8.2%.

While the ASX dividend share has been disrupted by rising interest rates, it has been working on simplifying the business by disposing of non-core assets and focusing on being a global capital-light real estate fund manager as a way to enhance long-term value for security holders.

For example, it recently sold a property in Wollongong for $53 million, a 3.9% premium to the book value after settlement adjustments.

It’s going to reduce gearing and continue to “de-risk the business until volatility in the global equity and debt markets begins to ease and attractive opportunities for reinvestment present themselves.”

Fletcher Building Limited (ASX: FBU)

This business has multiple segments. It manufactures building products, including insulation and cement. The ASX dividend share also builds homes, buildings and infrastructure.

The Fletcher Building share price has plunged around 30% over the past year. This has pushed up the prospective dividend yield for the business.

According to the estimates on Commsec, it could pay a dividend yield of 8.4% in FY23.

The company recently gave an update which said that in its products and distribution divisions, sales volumes are “broadly in line with expectations”, slightly softer in the civil sector and robust in the residential finishing trades and the commercial sector.

Management believes that cost inflation is being managed effectively, and gross margins were slightly ahead of expectations.

Fletcher Building said that the Australian business is continuing to improve despite the first half of weather and transport challenges. It’s expecting the earnings before interest and tax (EBIT) margin in Australia to be 5%.

In the ASX dividend share’s residential and development division, house prices and margins are in line with expectations at around 10% below the peak in late 2021. House sales remain lower than planned.

Its FY23 EBIT target, excluding significant items, is at least $855 million. It said that the balance sheet continues to be in a strong position.

The post 2 ASX dividend shares you’ve probably never heard of forecasting yields over 8% appeared first on The Motley Fool Australia.

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More reading

• Here’s how I’d invest $5,000 in ASX 200 shares to earn a second income
• Here are the top 10 ASX 200 shares today

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 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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It seems like a long time since technology stocks were all the rage.

But it was only 13 months ago when the market was thirsty for anything related to automation. The world was in the midst of the COVID-19 pandemic and it seemed people were more reliant on tech than ever to work, shop, and play.

2022 put an end to all that though.

Even before central banks started raising interest rates to combat inflation, fear had already struck. Tech shares started their plunge in late 2021 and it only got worse as the months passed.

Indeed they are still in the doldrums. The S&P/ASX All Technology Index (ASX: XTX) is now almost 35% lower since November 2021.

But that’s not the end of the story.

More than one expert reckons tech has now been beaten up so much that it might make an excellent contrarian play for 2023.

The idea is that interest rates will stop rising eventually and businesses that are growing will reward investors in the long run.

“Selective exposure to technology stocks is likely to deliver value due to their ability to grow earnings faster than GDP, regardless of interest rate movements,” Morgans investment advisor Jabin Hallihan told The Bull.

Here is a couple of ASX shares that he would stash away right now:

‘High quality’ with pricing power

The share price for Xero Limited (ASX: XRO) has halved since November 2021, with some investors worried about its expansion prospects and a change of chief executive.

But Hallihan would pick it up in a heartbeat.

“This cloud-based financial software company services about 3.3 million businesses across the globe,” he said.

“We prefer high-quality technology companies with net cash balance sheets and pricing power.”

The Morgans team is expecting solid expansion in earnings over the next year or two, and thus feels like the stock is undervalued.

“We’re forecasting earnings per share to grow from 10.6 cents in fiscal year 2023 up to 30.2 cents per share in fiscal year 2024,” he said.

“Our current valuation is $77 a share.”

Xero shares closed Monday at $74.31.

Popular in turbulent times

Telstra Group Ltd (ASX: TLS) has been frustrating to own for many years, but Hallihan’s team is convinced the stock is currently “undervalued”.

“Demand for secure digital infrastructure remains robust,” he said.

“This telecommunications giant is expected to retain its attractive dividend yield, which appeals to income investors in volatile times. Telstra remains the dominant player in Australia’s telecommunications sector.”

Over the past year, the telco’s shares have fallen more than 5.5%. The current dividend yield stands at 3.36%.

The stock closed flat on Monday at $4.02.

“The company has forecasted total income of between $23 billion and $25 billion in fiscal year 2023,” said Hallihan.

“We have a price target of $4.60.”

The post Tech turnaround: Expert picks 2 ASX shares to buy for a 2023 revival appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Waiting for ASX shares to bottom? Why you could miss out on a stock market rally
• 5 things to watch on the ASX 200 on Monday
• Analysts say these ASX growth shares can generate huge returns for investors
• How I’d invest my very first $500 in ASX shares in 2023

Motley Fool contributor Tony Yoo 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 Telstra Group and 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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The fund manager Wilson Asset Management (WAM) has recently identified some S&P/ASX 200 Index (ASX: XJO) shares that it owns (or owned) in one of its main portfolios.

WAM operates several listed investment companies (LICs), including WAM Capital Limited (ASX: WAM) and WAM Research Limited (ASX: WAX).

There’s also one called WAM Leaders Ltd (ASX: WLE) that looks at the larger businesses on the ASX, often referred to as ASX blue-chip shares.

WAM says WAM Leaders actively invests in the highest quality Australian companies. But does WAM have a good reputation for picking stocks?

The WAM Leaders portfolio has delivered gross returns (before fees, expenses, and taxes) of 14.4% per annum since its inception in May 2016. This compares to the S&P/ASX 200 Accumulation Index average return of 8.4% over the same time.

WAM outlined these ASX 200 shares in its recent monthly update.

Lendlease Group (ASX: LLC)

The fund manager described Lendlease as a globally diversified real estate business that operates through three main segments, property development, construction and investment.

WAM noted that the Lendlease share price fell to a 10-year low in mid-December because of concerns about the company’s ability to “meet financial targets in a more challenging economic environment”.

The investment team believe that the market is being too pessimistic, so used the decline to increase its position in the portfolio.

WAM also noted that the ASX 200 share has a new CEO, adding that the company had been “simplified and overall better positioned than the market implies to weather headwinds”.

Concluding its thoughts about the business, the WAM investment team said:

We expect further returns over the medium-term and are impressed by the new strategic direction of the business, which is focusing on using the development pipeline to grow investment earnings, while reducing the exposure to construction will improve earnings predictability.

DEXUS Property Group (ASX: DXS)

This business was described as an Australian office, industrial and funds management real estate company.

The fund manager noted that Dexus traded at around a 40% discount to its asset backing at the start of December, which was the lowest level since the Global Financial Crisis of 2007-08.

WAM noted that back then, the market was impacted by “high debt margins, capital constraints and forced sellers”.

But the conditions now were not the same. Demand for high-quality assets remained strong, according to WAM.

Explaining the positive outlook for the ASX 200 share, the investment team wrote:

As such, we remain confident on the further returns expected over the medium-term. We believe management are exceptional asset allocators, and are continuing to move up the quality spectrum by recycling lower-quality office assets into high-quality development projects.

Additionally, growth in Dexus’ industrial and funds management businesses is impressive and diversifies the business from its pure office exposure. We continue to see value in Dexus with its strong balance sheet, with gearing well below its target range and long-dated average debt maturities.

The post 2 ‘exceptional’ ASX 200 shares to buy now: fund manager appeared first on The Motley Fool Australia.

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More reading

• My $15 a day plan to build passive income this year
• Here are the top 10 ASX 200 shares today
• 5 ASX 200 directors who have been buying up their company shares this month
• Here are the top 10 ASX 200 shares today

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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For a number of years, Pilbara Minerals Ltd (ASX: PLS) shares have been the domain of growth investors.

However, with the lithium miner announcing the establishment of a capital management framework late last year, the company is now catching the eye of income investors.

And that’s for good reason based on what analysts are expecting from Pilbara Minerals shares in 2023.

Pilbara Minerals shares tipped to provide an attractive dividend yield

With Pilbara Minerals still commanding very high prices for its lithium, at least for now, the market is expecting the company to deliver bumping earnings and free cash flow in FY 2023.

This has many analysts expecting the lithium giant to reward its shareholders with a very big maiden dividend later this year.

For example, according to current consensus estimates, the market is forecasting a 17 cents per share dividend for FY 2023.

Based on the current Pilbara Minerals share price of $4.04, this will mean an attractive 4.2% yield for investors.

Even bigger dividend yield expected by Macquarie

According to a recent note out of Macquarie, its analysts believe that the lithium miner’s earnings will be strong enough to pay a dividend almost double consensus estimates.

The ultra-bullish broker is forecasting a fully franked 34 cents per share dividend in FY 2023.

Based on where Pilbara Minerals shares are trading, this will mean a whopping 8.4% dividend yield for investors.

Another positive is that Macquarie believes that the company’s shares can rise materially from current levels.

Its analysts have an outperform rating and $7.50 price target on them. This implies potential upside of over 85% for investors over the next 12 months.

Combined with its forecast dividend yield, this lithium miner has the potential to provide investors with a total return of 94%.

The post Can Pilbara Minerals shares really deliver an 8% dividend yield 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
• Why are ASX 200 lithium shares struggling on Monday?
• Which ASX lithium shares are forecasting to pay dividends in 2023?
• Own ASX lithium shares? Here’s the latest lithium price forecast
• Here are the 3 most heavily traded ASX 200 shares on Friday

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 Motley Fool readers will be well familiar with the advice that it’s a dangerous game trying to pick the bottom.

That’s why the best alternative might be to try to hop on ASX shares that have just started rising.

If the underlying business is thriving, the upwards stock price momentum could continue, and it may end up a fruitful investment for those who got in early.

Taking this philosophy, one expert this week earmarked two ASX shares that he would buy right now:

Throwing down the gauntlet

Protective glove maker Ansell Limited (ASX: ANN) has been a painful stock to own for long-term investors, but it has shown signs of life in recent times.

Over the past six months, the share price has spiked up more than 20%.

“The share price has been trending higher since June 2022 and breached resistance at $28 in late October,” Fairmont Equities managing director Michael Gable told The Bull.

“The technical chart remains bullish, which is another positive for the stock. The stock is in a strong uptrend, with no signs of weakness.”

While Gable is keen on Ansell as a buy, that view is not unanimous among his peers.

According to CMC Markets, four out of eight analysts currently covering the $3.6 billion company rate the stock as a hold. Three do consider it a strong buy, while one says Ansell is a moderate sell.

Gold is back, baby

Last year was remarkable in that both stocks and bonds suffered, even though traditionally, they are seen as counterweights to each other.

To top off the disaster, the ultimate ‘safe haven’ of gold also struggled for most of the year.

But with a global recession looming, the last couple of months has seen a revival for the precious metal.

This is why Gable rates miner Evolution Mining Ltd (ASX: EVN) as a buy.

“We’re bullish about the outlook for gold in volatile and uncertain times across the globe,” he said.

“Evolution is one of the biggest gold miners on the ASX.”

Similar to Ansell, the Evolution share price is on an upward swing. 

“The share price has risen from $1.81 on October 21, 2022, to trade at $3.33 on January 12, 2023,” said Gable.

“We expect the upward trend to continue. In our view, any short-term weakness presents a buying opportunity.”

The post ‘No signs of weakness’: Expert names 2 ASX shares to buy just starting their rise appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Thursday
• Will 2023 be a golden year for ASX 200 mining shares?
• What’s the outlook for ASX 200 gold shares in 2023?
• Could ASX 200 gold shares provide a safe haven for investors in 2023?

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 recommended Ansell. 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 were asked what your biggest investment mistake was, you’d likely think of a stock that almost shrunk to $0.

But one expert reckons that would not be your biggest error.

US financial expert Brian Feroldi, in his Long-Term Mindset newsletter, revealed some of the startling mistakes he and his fellow commentators have made over the years.

“In 2009, Brian Stoffel sold Alphabet Inc (NASDAQ: GOOGL) for a split-adjusted US$10 per share. He’s missed out on 820% returns — a mistake costing tens of thousands of dollars,” said Feroldi.

“In 2007, Brian Feroldi sold DexCom Inc (NASDAQ: DXCM) for a split-adjusted US$2 per share. He’s missed out on 5,800% returns — a mistake costing hundreds of thousands of dollars.”

Those are painful enough, but the third error was a whopper.

Brian Withers sold Netflix Inc (NASDAQ: NFLX) shares in 2010 for a split-adjusted US$20.

“He missed out on 1,500% returns. Because it was his largest position, this mistake cost him millions of dollars.”

Loss aversion

What do these massive mistakes have in common?

They were all bad selling decisions rather than buying errors.

And the same motivator was behind the sale of all three shares — loss aversion.

Loss aversion is the psychological phenomenon that sees humans trying a lot harder to protect what they have than to gain the same amount.

“Stoffel sold Google because he couldn’t believe that he’d made a quick thousand dollars. Feroldi wanted to lock in a small profit while he could,” said Feroldi.

“Withers — sitting on 20-bagger returns — was worried about losing all he’d gained.”

Look at the business, not the stock

According to Feroldi, each expert was so anxious about losing capital that “we lost sight of what actually mattered”.

That’s the long-term potential of the businesses.

So the three Brians are urging all long-term investors to learn from their mistakes and do exactly that.

“If we had looked at the businesses instead of the stocks, we’d likely have stayed put,” said Feroldi.

“Holding great companies for long periods of time isn’t easy. But, selling a future mega-winner early is one of the most costly investing mistakes that you can make.”

The post How to avoid the biggest mistake in investing: expert appeared first on The Motley Fool Australia.

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More reading

• Earn passive income with these ASX 200 dividend shares – experts
• 5 things to watch on the ASX 200 on Tuesday
• Buy QBE and this ASX 200 blue chip share: broker
• Morgans names 2 of the best ASX 100 shares to buy now
• Why did iron ore shares lag the ASX 200 on Monday?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo has positions in Alphabet. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet and Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended DexCom. The Motley Fool Australia has recommended Alphabet, DexCom, and Netflix. 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 ASX 200 index is home to a large number of shares offering income investors attractive dividend yields.

But which ones should you buy over others?

Listed below are two that brokers rate as buys right now. Here’s what you need to know:

Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy according to analysts at Goldman Sachs.

Its analysts believe the company’s shares were oversold in 2022, creating a buying opportunity for investors. This is because its analysts feel “the fundamentals of this company remain unchanged, and strong in our view.” Goldman also believes “ELD is very well positioned to grow through the cycle.”

The broker has a conviction buy rating and $18.40 price target on the company’s shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $10.05, this will mean yields of 5.3% and 5.7%, respectively.

Macquarie Group Ltd (ASX: MQG)

This investment bank could be another ASX 200 dividend share to buy. That’s the view of Morgans, which believes Macquarie is well-placed for the long term.

It highlights the company’s “exposure to long-term structural growth areas such as infrastructure and renewables” and its potential to “benefit from recent market volatility through its trading businesses.”

Morgans has an add rating and $214.30 price target on Macquarie’s shares.

In respect to dividends, the broker is expecting Macquarie to pay partially franked dividends of $7.05 per share in FY 2023 and $7.36 per share in FY 2024. Based on the current Macquarie share price of $180.00, this implies yields of 3.9% and 4.3%, respectively.

The post Earn passive income with these ASX 200 dividend shares – experts appeared first on The Motley Fool Australia.

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More reading

• Morgans names 2 of the best ASX 100 shares to buy now
• Up 20% in 6 months, is the Westpac share price now fully valued?
• How I’d invest my very first $500 in ASX shares in 2023
• Which ASX 200 bank shares are the ones to buy in 2023?
• Here are some top ASX dividend share ideas according to experts

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Elders and Westpac Banking. 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 strong gain. The benchmark index rose 0.8% to 7,388.2 points.

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

ASX 200 expected to fall

The Australian share market looks set to end its winning streak on Tuesday despite a positive night of trade in Europe. According to the latest SPI futures, the ASX 200 is poised to open the day 18 points or 0.25% lower. In Europe, the DAX rose 0.3% and the FTSE pushed 0.2% higher. Wall Street was closed for a public holiday.

Oil prices run out of steam

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a difficult day after oil prices pulled back overnight. According to Bloomberg, the WTI crude oil price is down 1.3% to US$78.87 a barrel and the Brent crude oil price is down 1.3% to US$84.20 a barrel. Traders appear to have been taking profit after some strong gains.

Qantas rated as a buy

Goldman Sachs has reiterated its conviction buy rating and $8.20 price target on Qantas Airways Limited (ASX: QAN) shares. This follows the release of industry data that indicates “2H23 domestic capacity at 102% of pre-COVID & Int’l at 80%; both ahead of market.” Goldman added: “We believe the stock is not appropriately pricing QAN’s improved earnings capacity.”

Gold price edges lower

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a soft day after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.2% to US$1,917.3 an ounce. The gold price is trading near a nine-month high despite this softness.

Super Retail can keep climbing

The Super Retail Group Ltd (ASX: SUL) share price rocketed higher on Monday after the release of a strong update. This went down well with Goldman Sachs, which has reiterated its buy rating and with an improved price target of $14.20 on its shares. Goldman said: “SUL is our preferred pick in discretionary apparel/footwear space given outdoor/functional category resilience as well as the company’s focus on driving consumer experience via loyalty (~70% of sales) and unique omni-channel experience.”

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

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• BHP share price hits milestone $50 mark on Monday
• Shareholders rejoice! Qantas share price hits post-market-crash high
• This ASX 200 retail share is booming 10% on an ‘outstanding first-half result’

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 positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail 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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