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The Allkem Ltd (ASX: AKE) share price has been a bright spot in the S&P/ASX 200 Index (ASX: XJO) this year. 

While many ASX 200 shares have trudged lower, the Allkem share price has surged 34% since the beginning of the year as ASX lithium shares continue to steal the spotlight.

The attention will stay on Allkem next week as the company holds its 2022 annual general meeting (AGM) on Tuesday.

With proceedings kicking off at 10.30am, shareholders will be able to attend this AGM either virtually or in person at the Museum of Sydney.

In the meantime, let’s see what leading brokers think about the Allkem share price.

Is the Allkem share price a buy?

Analysts at Macquarie are fighting for the bulls. The broker currently has an outperform rating on Allkem shares, with a price target of $21.00. This implies potential upside of 40% over the next 12 months.

Macquarie notes that Allkem is planning to triple its production by 2026 to 120 kilotonnes per annum and there are a number of studies underway to increase volumes further. What’s more, in Macquarie’s eyes, buoyant lithium prices continue to drive material upside.

Bell Potter is another broker siding with the bulls. After digesting Allkem’s first-quarter results, Bell Potter retained its buy rating and slightly trimmed its price target to $19.45. This implies potential upside of 30% over the next 12 months.

On the back of ongoing strength in lithium demand, commodity prices, and production growth, the broker expects Allkem’s cash generation to lift substantially into 2023.

Summarising its positive view, Bell Potter noted:

​​AKE is aiming to maintain 10% share of supply in a global lithium market experiencing unprecedented growth; it has a portfolio of growth projects, balance sheet strength and cash flow from existing projects to achieve this. AKE’s portfolio is also diversified across lithium commodity, mode of production, asset location and end-user country.  

Has the Allkem share price peaked?

While Macquarie and Bell Potter are bullish on Allkem shares, Morgans remains sceptical. 

Its analysts weren’t impressed with Allkem’s latest quarterly update. As a result, Morgans retained its hold rating on Allkem shares and trimmed its price target to $15, in line with where shares sit today.

The broker acknowledges that Allkem is a well-diversified lithium producer across different products and geographies. It also believes Allkem will outperform its peers over the cycle. However, summarising its cautious view, Morgans concluded:

…it’s not clear to us whether or not there will be shorter term interruptions to the likely long term uptrend in lithium demand that means there could be a better entry point. Given the stock’s previous sensitivity to the outlook for lithium prices and, in our view, the potential for prices to move away from their recent new found highs, we maintain our HOLD rating.

Allkem share price snapshot

Investors last heard from Allkem when the ASX lithium share released its first-quarter results last month. So, instead of a trading update, next week’s AGM could focus on the company’s strategy and outlook.

It’s been a bumper year for the Allkem share price, with shares rocketing by 58% over the last 12 months. 

Allkem is one of the largest lithium miners in the world. And it’s the second-largest lithium share on the ASX, commanding a market capitalisation of $9.5 billion.

Holding the top spot is Pilbara Minerals Ltd (ASX: PLS), which currently boasts a market cap of $15.5 billion.

The post Is the Allkem share price a buy ahead of next week’s AGM? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Allkem, Block, Bowen Coking Coal, and CSR shares are racing higher
• Which is the better ASX buy, Allkem or Core Lithium shares?
• Why are ASX lithium shares smashing the market today?
• 2 excellent ASX growth shares that analysts say are buys

Motley Fool contributor Cathryn Goh 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 Macquarie Group Limited. 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 Medibank Private Ltd (ASX: MPL) share price is on watch this morning.

This comes as news hits the wires that the S&P/ASX 200 Index (ASX: XJO) health insurer has been hit with a class action over the 12 October data breach.

Yesterday the Medibank share price finished up 0.4% after the company updated the market on its response to the data theft.

The company said the hacker had accessed the name, date of birth, address, phone number and email address of 9.7 million current and former customers along with some of their authorised representatives.

That group includes  5.1 million Medibank customers, 2.8 million AHM customers and 1.8 million international customers.

Medibank said it would not pay any ransom demands.

According to CEO David Koczkar:

Based on the extensive advice we have received from cybercrime experts we believe there is only a limited chance paying a ransom would ensure the return of our customers’ data and prevent it from being published.

Today the company faces its first, but perhaps not last, class action over the incident.

This comes alongside news that the hackers have threatened to publish the customer data within 24 hours.

What’s happening with the Medibank class action?

The Medibank share price is on watch after Bannister Law Class Actions and Centennial Lawyers reported they will jointly investigate the cyber breach.

In a statement released this morning, Bannister said (courtesy of The Sydney Morning Herald):

We believe the data breach is a betrayal of Medibank Private’s customers and a breach of the Privacy Act. Medibank has a duty to keep this kind of information confidential.

The two firms will be investigating Medibank breached their privacy policy and the terms of their contract of the medical insurance which they provided to their customers. The lawyers will also assess whether damages should be paid to Medibank customers as a result of their breaches.

Medibank share price snapshot

The Medibank share price has come under significant pressure since the hacking attack was revealed. Shares are currently down 17.5% in 2022. That compares to an 8.6% year-to-date loss posted by the ASX 200.

The post Medibank share price on watch amid class action and new data threat appeared first on The Motley Fool Australia.

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More reading

• Medibank share price lifts on cyberattack ransom update
• Here are the top 10 ASX 200 shares today
• ‘Close to bottom’: Expert names 3 bargain ASX shares to buy right now
• Here are the 3 most traded ASX 200 shares on Wednesday
• Could the Medibank share price be on the road to recovery?

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 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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I like all of the ASX shares in my portfolio for different reasons. I think some offer good growth potential, others are defensive, and many of my positions are attractive for dividends.

But my all-time favourite is Soul Pattinson and Co. Ltd (ASX: SOL).

For readers that haven’t heard of the company before – it’s not exactly a household name – Soul Pattinson is an investment house that has been listed since 1903. It started as a pharmacy business but has since diversified into a major company with a market capitalisation of $10 billion.

Soul Patts is my favourite for many reasons. But I’ll pick out the top three that explain why I like it the best.

1. Suited for tough times — and good times too

Soul Pattinson has designed its portfolio to gain exposure to various asset classes across sectors, including private equity, private credit and property.

It’s invested in many ASX shares like TPG Telecom Ltd (ASX: TPG), Tuas Ltd (ASX: TUA), New Hope Corporation Limited (ASX: NHC), Brickworks Limited (ASX: BKW), Pengana Capital Group Ltd (ASX: PCG), Aeris Resources Ltd (ASX: AIS), Wesfarmers Ltd (ASX: WES), BHP Group Ltd (ASX: BHP) and Macquarie Group Ltd (ASX: MQG), to name a few.

Private holdings include agriculture, electrical parts business Ampcontrol and a swimming school business called Aquatic achievers.

Soul Pattinson says that it’s increasing diversification of uncorrelated assets and has “resilience” from profitable low-cost operations with “robust, defensible” business models.

I think we can see the pleasing long-term performance of the company from its total shareholder returns. At 31 July 2022 – the end of its FY22 – the investment house had produced average total shareholder returns of 10.5% per annum over the prior five years (assuming reinvestment of dividends).

That compares to the 8.4% average return per annum over the same time period for the All Ordinaries Accumulation Index (ASX: XAOA). Soul Pattinson’s shareholder returns produced an outperformance of an average of 2.1% per annum.

2. Always updating the portfolio

Another reason why Soul Pattinson shares are at the top of my list is that the company can always change its portfolio of investments.

It isn’t stuck being a bank, supermarket, miner or any other industry. Not that there’s anything wrong with those sectors. Soul Pattinson’s investment portfolio is diversified, but management can sell an investment if they think it would get a great price or if it no longer has a compelling future.

The ASX share is always on the hunt for new investments that can help it grow.

This regular renewal of the portfolio means that it should be future-focused and able to future-proof itself.

I don’t think I’ll ever need to sell my Soul Pattinson shares. This means that I benefit from compounding and don’t need to activate any capital gains tax (events).

3. Growing dividend

The third positive I’ll point out is the company’s consistently-growing dividend.

One of Soul Pattinson’s main aims is to grow its dividend, and it has done this for shareholders every year since 2000. I think that’s a great record – the longest on the ASX.

Dividends are certainly not guaranteed.

But, the ASX share receives cash flow from its investments in the form of dividends. It then pays out most of the net cash flow as a dividend after paying for its expenses.

But, it retains some of that net cash flow to re-invest in more opportunities. These can help grow its portfolio value and net cash flow and help fund future dividends from Soul Pattinson shares.

The post Out of all the ASX shares I own, this is my favourite. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Here’s how I allocate my ASX share portfolio and why
• Set for life: 5 ASX dividend shares I’d invest in if I ever had a million-dollar windfall
• Guess which ASX 200 directors bought $4m worth of their company shares last week
• When it comes to ASX 200 dividend shares, is there any such thing as truly passive income?
• 2 ASX defence shares soaring on big news today

Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Washington H. Soul Pattinson and Company Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and TPG Telecom Limited. 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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In times of uncertainty, many find comfort in historically reliable names.

And who can blame investors? Australia has just been through seven consecutive rate rises, with four of those jumbo 50-basis point leaps.

For those looking for familiar names, here are two ASX shares tipped as a buy this week:

Ready to break out after going sideways for 2 years

When it comes to big names on the ASX, they don’t come much bigger than CSL Limited (ASX: CSL).

Shares for this biotechnology giant had made many investors very wealthy for more than a quarter of a century until the COVID-19 pandemic hit.

Its lacklustre performance since then has caught the eye of Fairmont Equities managing director Michael Gable.

“The share price of this blood products company has been relatively flat in the past two years,” Gable told The Bull.

“Because CSL is a growth stock, interest rate rises have kept a lid on the share price.”

But with interest rate rises poised to slow or even cease in the new year, Gable feels like CSl shares have a fighting chance to return to glory.

“The recent acquisition of Vifor Pharma should add to CSL’s earnings next year, and a topping out in interest rates should also assist a share price recovery.”

His peers are in broad agreement, with 15 out of 18 analysts currently surveyed on CMC Markets rating CSL as a buy.

Cloud computing ain’t going anywhere

Unlike CSL, data centre operator NextDC Ltd (ASX: NXT)’s shares went absolutely gangbusters once the coronavirus struck the world.

As the world utilised cloud computing at record levels to enable working from home, the stock price rocketed up about 80% during the 2020 calendar year.

However, the general sell-off of technology and growth shares in 2022 has struck its fortunes hard, with the stock down around 33% for the year.

Sequoia Wealth Management senior wealth manager Peter Day feels like that’s opened up a buying opportunity.

“Data centre services revenue of $291 million in fiscal year 2022 rose 18% on the prior corresponding period,” he said.

“Underlying EBITDA was up 26% to $169 million.”

Despite the return to the office for many workers in the post-COVID era, the long-term outlook for cloud computing remains bright.

“Investment in cloud computing should remain robust,” he said.

“We expect the company’s earnings base to remain resilient in a potentially slowing economy.”

The post 2 big name ASX companies ready for a ‘share price recovery’: experts appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
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• Why I’m seriously considering investing $10,000 in these ASX 200 shares
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• What’s happening with the CSL share price today?

Motley Fool contributor Tony Yoo has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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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With seven consecutive interest rate rises now under the belt, some Australian investors are looking ahead to next year when the Reserve Bank perhaps will sit still.

If you think this outlook has some merit, then it’s worth paying attention to ASX shares that professional investors reckon might have already reached the bottom.

Here are two such stocks that were mentioned this week:

‘Well positioned’ for recovery

As a construction materials provider, James Hardie Industries plc (ASX: JHX) shares have suffered from recent uncertainty about housing markets.

The stock has plunged more than 41% year to date.

But Fairmont Equities managing director Michael Gable reckons James Hardie has now “potentially bottomed”.

“If the recent share price fall is already pricing in tough times, then we believe it’s time to consider buying JHX,” Gable told The Bull.

“This global building materials supplier is well positioned to benefit when slowing economies recover.”

Gable pointed out that the James Hardie share price started the year at $56.80. With it closing Monday at $33.39, he reckons it’s a bargain waiting to be taken.

He’s not the only one thinking along those lines. 

According to CMC Markets, a remarkable 13 out of 14 analysts currently recommend James Hardie as a buy, with 11 of those labelling it a strong buy.

This stock has sold off too much

Grange Resources Limited (ASX: GRR) is not a household name among Australian investors, but Spotee Connect chief Chris Batchelor reckons it ought to be.

“The producer sells iron ore pellets from its Savage River mine in Tasmania.”

He pointed out that the iron ore price has been declining in recent months due to worries about an economic slowdown in China.

The Grange stock price has hence dropped a disastrous 61% since 8 June, which Batchelor thinks is overdone.

“We believe the Grange share price fall has been excessive given the higher quality ore it produces,” he said.

“Therefore, we rate Grange Resources a buy at these levels.”

The post ‘Potentially bottomed’: 2 ASX shares experts reckon can’t get any cheaper appeared first on The Motley Fool Australia.

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• 5 ASX shares to buy for the Christmas rally: expert
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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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The Suncorp Group Ltd (ASX: SUN) share price could be great value at the current level.

That’s the view of one of Australia’s leading brokers, which has just reiterated its bullish view on the insurance giant.

What is the broker saying about the Suncorp share price?

According to a note out of Morgans, in response to yesterday’s natural hazards update, its analysts have retained their add rating and $13.70 price target on the company’s shares.

Based on the latest Suncorp share price of $11.68, this implies potential upside of 17% for investors over the next 12 months.

Morgans is also expecting an attractive fully franked 6.3% dividend yield over the next 12 months, stretching the total potential return beyond 23%.

What did its analysts say?

The broker notes that it has been “an active start to the year for claims” for Suncorp given the recent inclement weather. This has led to first half hazard claims reaching $500 million, which has eaten up most of its first half natural hazard budget of $580 million.

However, it reminds investors that if the bad weather continues, Suncorp has strong reinsurance protections in place that will work to limit hazard losses in the second half. It commented:

We now forecast SUN hazard losses to be A$75m above allowances in 1H23, but assume this drag is offset by claims being below budget by a similar level in 2H23, due to reinsurance protections in place.

In light of this, the broker remains positive and believes the Suncorp share price trades on an undemanding valuation. It concludes:

While weather remains volatile, we think SUN’s underlying business trends continue to broadly track in the right direction. SUN will also reap the full benefits of its efficiency program in FY23 and we see SUN’s current valuation as undemanding, e.g. FY23 PE multiple of 13x and a 6% dividend yield.

The post ‘Undemanding’ valuation: Morgans tip 17% upside for the Suncorp share price appeared first on The Motley Fool Australia.

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More reading

• Have insiders been loading up on Suncorp shares recently?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• When can Suncorp shareholders expect their cash from the ANZ deal?

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 an ASX growth share or two to buy? Two that analysts at Morgans rate as buys and have on their best ideas listed are listed below.

Here’s what the broker is saying about them:

Aristocrat Leisure Limited (ASX: ALL)

Morgans has this gaming technology company on its best ideas list.

The broker highlights that the company has been growing strongly in recent years and expects this trend to continue. Particularly given how it continues to win market share across all product segments.

In light of this, the broker believes that recent share price weakness has created a buying opportunity for investors. It commented:

The underperformance [of its shares] means, however, that ALL’s 1-year forward P/E has derated to less than 20x from a high of 30x last September. With $3.3bn of currently available liquidity, ALL has significant funding capacity for growth, even after the buyback. It has a stated ambition to build a meaningful presence in the rapidly growing online real money gaming segment, which we believe may be achieved both through organic investment and inorganic acquisitions.

Morgans has an add rating and $43.00 price target on the company’s shares.

Pro Medicus Limited (ASX: PME)

Another ASX growth share that Morgans has on its best ideas list is Pro Medicus.

It is a health imaging technology company behind the industry-leading Visage 7 Enterprise Imaging platform.

Morgans is a fan of the company due to its strong growth potential thanks to the quality of its offering and industry tailwinds. In fact, it expects this to underpin a two-year earnings per share compound annual growth rate of 23.8%. The broker commented:

Pro Medicus is a leading healthcare end-to-end imaging software and service provider, servicing a number of the world’s largest imaging centres and health care groups. We like the space, with high single digit organic volume growth and long-term industry tailwinds. Profitability in the business is backed up by long-term contracted revenues with some of the world’s largest hospital systems and growing pipeline of tenders which we view will provide continued growth over the medium to long term.

Morgans has an add rating and $58.18 price target on the company’s shares.

The post Here are 2 of the best ASX growth shares to buy: Morgans appeared first on The Motley Fool Australia.

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• Has this overlooked ASX 200 share really gained more than 1,200% in just 10 years?
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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 Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus Ltd. 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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Maple-Brown Abbott portfolio manager Phillip Hudak names two ASX shares to buy that are under the radar of investors.

Hottest ASX shares

The Motley Fool: What are the two best stock buys right now?

Phillip Hudak: First of all, I’d say Ridley Corporation Ltd (ASX: RIC). 

Ridley has transitioned from a turnaround story with the closing of underutilised mills, lifting plant utilisation, lowering costs, and developing new products. We believe that the company looks to be transitioning to the early stages of the upgrade cycle. We believe that the company has multiple potential earnings drivers, including further supply chain rationalisation. 

Second of all is small project efficiencies, as well as the potential of market share gains coming through. The balance sheet is looking more attractive with a buyback in place for this current financial year. The company’s experienced a reasonable re-rate, however, we see upside to earnings and upside to balance sheet flexibility coming through.

MF: There has been quite a re-rate in share price just over the last three months, hasn’t there? What was the catalyst for that?

PH: The company actually has a strong strategic vision over FY ’23 and ’24 that they’ve actually outlaid to the market, as well as the stepping stones in relation to those earning drivers coming through there. 

Also, the balance sheet is in a lot better condition from the previous management there, and this provides the company with a lot more optionality, either via a buyback or the potential of acquisitions to further grow earnings going forward. 

I suppose from our perspective, while there are the stepping stones to see earnings growth, there are key risks, including the recent floods as well as agricultural seasonality. Although Ridley is less volatile as compared to other agricultural stocks — commodity price fluctuations and continuation of supply chain disruptions, there are signs that these are easing.

MF: Great, and your second pick?

PH: Second pick is Boss Energy Ltd (ASX: BOE). This is a uranium producer. 

Before I discuss the company, I would like to touch on the industry structure and the environment. Energy security has been a key concern that has emerged over the past six to 12 months. Particularly given the geopolitical tensions, notably between Russia and Ukraine, has increased the focus on energy security across the world. 

This has become particularly important in the uranium space, particularly given that 45% of uranium production comes from Kazakhstan and a similar level of material processing is from Russia. The shift to renewables, notably wind and power, has had some shortcomings with providing reliable base load power during the transition period.

In addition, public and political sentiment has changed regarding nuclear [power]. Some examples include nuclear being recently included in the EU taxonomy in addition to the halting of nuclear power plants closures in the US and Europe, the restart of idled nuclear power plants in Japan, and the ambitious Chinese rollout of new reactors going forward.

There is a significant shortfall of supply forecast by the World Nuclear Association, with restarts required into the middle of the 2020s. The current spot price is below the marginal cost of production and so far suppliers have been reasonably disciplined in relation to restarts and waiting for prices to recover to make a reasonable return over the cycle. 

Specifically to Boss, Boss Energy offers a low-cost restart operation in the uranium-friendly jurisdiction of South Australia. There is existing infrastructure in place and less risk in relation to cap-ex blowouts versus other mining companies out there that would be starting from scratch. The company’s well positioned to take advantage of the current rising uranium market environments with offtake contracts to be signed.

There’s fast-tracked production expected by the end of calendar year 2023, and expected to produce 2.45 million pounds per annum going forward. There’s attractive return metrics. It’s a low operating cost with an all-in sustaining cost of $25.60 per pound versus the spot price, which is roughly around that $50 mark coming through there. 

The key risk for this company, in addition to the sector, is another nuclear disaster similar to Fukushima or Chernobyl which would set the industry back a decade.

MF: I see the share price shot up about a year ago. Was that because they announced that they were going to restart the site? 

PH: Yeah, a year ago there was positive sentiment regarding the sector. You actually had the Sprott Physical Uranium Trust, which has entered the market and effectively has been buying surplus pounds in the market, which had a positive catalyst for the uranium price, as well as positive announcements from an industry perspective in relation to public and political sentiments changing regarding nuclear.

The post Feed and yellow cake: Fundie’s 2 ASX shares to buy that you’ve not thought about appeared first on The Motley Fool Australia.

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More reading

• Here are 2 of the best ASX growth shares to buy: Morgans
• Goldman Sachs names 2 ASX 200 dividend shares to buy with 8% yields
• 5 things to watch on the ASX 200 on Tuesday
• Could Liontown shares keep surging on a weaker Aussie dollar?
• These 3 ASX resources shares exploded more than 35% on Monday

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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If you’re an income investor, then you might want to read on. Listed below are two ASX dividend shares that have just been rated as buys by Goldman Sachs.

Here’s what the broker is saying about these high yield ASX 200 dividend shares:

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX 200 dividend share to consider is retail giant Harvey Norman.

It has been tipped as a retail share to buy by analysts at Goldman Sachs with a $4.80 price target.

This is due to the broker’s belief that Harvey Norman is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics. Goldman is support this to lead to above consensus earnings and big dividends in the near future.

As for dividends, its analysts are forecasting fully franked dividends per share of 38 cents in FY 2023 and 32 cents in FY 2024. Based on the current Harvey Norman share price of $4.06, this will mean yields of 9.3% and 7.9%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share that has been rated as a buy is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.

Goldman Sachs is positive on the company and put a buy rating and $4.40 price target on its shares this morning. The broker commented:

[W]e believe the potential residential headwinds are priced into the share price with SGP trading on a 12mf P/FFO of ~10.3x (vs LT avg of ~14x and our REIT coverage average of ~15.8x) and offering an above sector DPS yield.

In respect to dividends, the broker is forecasting dividends per share of 28 cents in both FY 2023 and FY 2024. Based on the current Stockland share price of $3.48, this will mean yields of 8%.

The post Goldman Sachs names 2 ASX 200 dividend shares to buy with 8% yields appeared first on The Motley Fool Australia.

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More reading

• Up 14% in a month, why the ANZ share price can keep delivering: Citi
• Experts name 2 ASX 200 dividend shares to buy now
• Amazon stock just tanked. Could this be a canary in the coal mine for ASX 200 retail shares?
• 3 ASX 200 directors who have been buying up their company shares this week
• Analysts name 2 ASX 200 dividend shares to buy this month

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 Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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 in a positive fashion. The benchmark index rose 0.6% to 6,933.7 points.

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

ASX 200 expected to rise

The Australian share market looks set to rise again on Tuesday. This follows a good start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 29 points or 0.4% higher. In late trade in the United States, the Dow Jones is up 1.35%, the S&P 500 is up 0.95%, and the NASDAQ has risen 0.9%.

Westpac rated as a buy

The Westpac Banking Corp (ASX: WBC) share price remains great value following the bank’s results. That’s the view of analysts at Goldman Sachs, which have reiterated their conviction buy rating with an improved price target of $27.60. The broker commented: “While on the surface, the FY22 result suggested WBC’s NIM leverage was underwhelming relative to some peers, we think 2H22 was adversely impacted by late-in-the-half liquidity build.”

Oil prices fall

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a subdued day after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 0.9% to US$91.78 a barrel and the Brent crude oil price has fallen 0.75% to US$97.85 a barrel. Chinese demand fears appeared to weigh on prices.

New Hope dividend being paid

Today is payday for New Hope Corporation Limited (ASX: NHC) shareholders. This morning the coal miner is paying its shareholders a 56 cents per share dividend. Based on the latest New Hope share price of $6.45, this final dividend of FY 2022 equates to a whopping 8.6% fully franked dividend yield.

Gold price rises

Gold miners such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price traded slightly higher overnight. According to CNBC, the spot gold price is up 0.2% to US$1,679.6 an ounce. A softer US dollar has led to the gold price trading close to a three-week high.

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
• Are ASX 200 bank shares a no-brainer buy in an inflationary environment?
• Why is the De Grey Mining share price leaping 7% today?
• Why ANZ, Coronado Global, Eclipx, and Westpac shares are dropping

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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