While interest rates are rising, investors can still beat the returns on offer with savings accounts easily with ASX dividend shares.

But which shares should you buy for dividends? Two that have recently been rated as buys for investors are listed below. Here's what you need to know about them:

Elders Ltd (ASX: ELD)

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

With its shares down materially from their highs, the broker believes investors should be snapping them up before it's too late. Particularly given that Goldman feels "the fundamentals of this company remain unchanged." The broker also notes that "ELD is very well positioned to grow through the cycle."

Its analysts have a conviction buy rating and $18.40 price target on Elders' shares.

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 $9.07, this will mean yields of 5.8% and 6.3%, respectively.

Mineral Resources Ltd (ASX: MIN)

Another ASX dividend share for income investors to consider buying is Mineral Resources.

Bell Potters appears to believe it could be a top option for investors right now. That's because the broker expects the mining and mining services company's lithium exposure to support strong earnings and big dividends in the coming years.

Its analysts currently have a buy rating and $110.00 price target on its shares.

In respect to its dividends, Bell Potter is expecting fully franked dividends of $3.73 per share in FY 2023 and $9.41 per share in FY 2024. Based on the current Mineral Resources share price of $88.70, this will mean 4.2% and 10.6% dividend yields, respectively.

The post Want passive income? These are the ASX dividend shares to buy according to experts appeared first on The Motley Fool Australia.

Are you looking for dividend shares to buy? If you are, you may want to check out the two listed below that have been tipped to provide attractive yields.

Here's what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

The first ASX dividend share that could be a buy is Elders.

It is an Australian agribusiness company that provides a range of services to rural and regional customers primarily in Australia and New Zealand. It also operates red meat supply chains in Indonesia and China.

Goldman Sachs is a fan of the company. This is due to the Australian agricultural environment being structurally strong and Elders being uniquely placed to benefit as a highly diversified agribusiness with broad geographic and segment exposure.

It also notes that farmer balance sheets and industry data hint at strong intentions for investment and expanded production in response to a tightening global agricultural market.

In respect to dividends, the broker is expecting 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 $8.93, this will mean yields of 5.9% and 6.4%, respectively.

Goldman Sachs currently has a conviction buy rating and $18.40 price target on the company's shares.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that has been tipped as a buy is Healthco Healthcare and Wellness.

It is a real estate investment trust with a mandate to invest in healthcare and wellness assets. These include hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness property assets.

Morgans is positive on the company and is expecting some attractive yields from its shares in the coming years. It is forecasting dividends per share of 8 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.54, this will mean yields of 5.2% for investors.

Morgans has an add rating and $2.05 price target on its shares.

The post Get 5%+ yields from these top ASX dividend shares: experts appeared first on The Motley Fool Australia.

Thursday was a rough one on the S&P/ASX 200 Index (ASX: XJO). It fell 0.53% to close at 7,490.3 points.

The index's slump followed an equally disappointing day on Wall Street, wherein the Dow Jones Industrial Average Index (DJX: .DJI) fell 0.6%, the S&P 500 Index (SP: .INX) slid 1.1%, and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 1.7%.

Back home, the S&P/ASX 200 Utilities Index (ASX: XUJ) was the worst-performing sector, dumping 2.7% after energy provider AGL Energy Limited (ASX: AGL) posted disappointing earnings.

The AGL share price fell 10.3% after the company revealed a $1.1 billion statutory loss for the first half.

The S&P/ASX 200 Real Estate Index (ASX: XRE) and the S&P/ASX 200 Information Technology Index (ASX: XIJ) also suffered, falling 1.6% and 1.1% respectively.

But some ASX 200 shares defied today's downturn to post notable gains. Let's take a look at 10 that managed to dodge the carnage.

Top 10 ASX 200 shares countdown

The index's biggest gain today was posted by the De Grey Mining Limited (ASX: DEG) share price. It rose 3% on news of the Mallina Gold Project's financing process.  

These shares made today's biggest gains:

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.

The Elders Ltd (ASX: ELD) share price is among the top performers of the S&P/ASX 200 Index (ASX: XJO) at the time of writing.

The Elders share price is currently up 1.81% to $8.99 in late afternoon trading.

Earlier today, it reached an intraday high of $9.21, up 4.3%.

Hang on, didn't Elders stock crash yesterday?

Yes, it did. The ASX 200 agricultural share fell 7.4%, and the dramatic dip even prompted an ASX query.

Elders responded quickly, saying it didn't know why its share price had dropped so far, nor why its trading volume had spiked.

The company didn't release any price-sensitive news to the ASX yesterday.

However, Elders did note in its response to the ASX that it had held two institutional investor briefings on Tuesday.

While no price-sensitive information was discussed at the briefings, a bunch of sector-wide issues were covered, the company said.

This included current livestock prices declining but remaining well above historical averages.

They also discussed unseasonably wet conditions being likely to impact competitors, softer real estate sales activity, and a strong outlook for winter cropping due to good soil moisture and water availability.

Elders said these factors "suggest that ELD's second half performance will be stronger than first
half performance in FY23".

So, the cause of the drop in the Elders share price to a two-year low of $8.69 remains a mystery.

What's got the Elders share price rising today?

Well, there's probably some buying the dip action afoot, for starters.

In addition, Elders released an investor presentation to the ASX today.

This presentation was delivered to investors at an event hosted by top broker Goldman Sachs today.

Goldman is bullish on Elders and currently has a buy rating on the ASX 200 agricultural share. It also expects the Elders share price to more than double to $18.40 over the next 12 months.

The presentation includes a chart documenting how Elders has continued to grow its underlying earnings before interest and taxes (EBIT) despite major natural disasters and world events.

For example, during the COVID pandemic period, which includes the Russian invasion of Ukraine and rising inflation and interest rates, Elders has grown its EBIT from $74 million in FY19 to $121 million in FY20 (Black Summer fires), $167 million in FY21 (NSW and Queensland floods), and $232 million in FY22 (more floods in NSW and Queensland, and 45% of Queensland in drought).

Such information is useful and likely comforting to investors in ASX 200 agricultural shares. One of the key risks of investing in ag shares is the unpredictable nature of the weather and its impact on crops.

The post Which agricultural share is leading the ASX 200 today? appeared first on The Motley Fool Australia.

Four ASX shares that aren't letting that hold them back today are listed below. Here's why they are charging higher:

De Grey Mining Limited (ASX: DEG)

The De Grey Mining share price is up 2.5% to $1.45. This follows the release of an update on the funding of the Mallina gold project. According to the release, non-binding proposals have been received from 14 leading financial institutions for debt funding to support the development of the project. Management notes that the proposals contain commercial terms consistent with the Tier 1 quality and jurisdiction of the project.

Elders Ltd (ASX: ELD)

The Elders share price is up 4% to $9.17. Bargain hunters appear to be swooping in today after the agribusiness company's shares sank on Wednesday. Goldman Sachs is likely to be supportive of these buyers. It currently has a buy rating and $18.40 price target on Elders' shares. This is double where it currently trades.

Maas Group Holdings Ltd (ASX: MGH)

The Maas share price is up 7% to $3.08. This follows news that the construction material, equipment and service provider has reconfirmed its full year guidance for FY 2023. Investors appear to have been concerned that wet weather would prevent Maas from achieving its guidance this year.

Nuix Ltd (ASX: NXL)

The Nuix share price is up a further 7% to $1.57. Investors have been buying this investigative analytics and intelligence software provider's shares this week thanks to news that it has won a major court battle. Nuix's former CEO took the company to court seeking damages of $187 million plus interest, but this claim was dismissed.

The post Why De Grey, Elders, Maas, and Nuix shares are charging higher today appeared first on The Motley Fool Australia.

It might have been a green day for the S&P/ASX 200 Index (ASX: XJO), but not all shares were showered with praise.

The benchmark caught its breath today after being rattled by hawkish commentary on interest rates yesterday. Despite the Tuesday wobble, the market is perched 8.4% above its 2022 endpoint — already outdoing the historical average annual return of 8%.

Still, there are high-quality ASX shares that toppled to their lowest point in a year today. Here's a look at three notable companies that are in the doldrums.

Three solid ASX shares taking a towelling

Elders Ltd (ASX: ELD)

Shares in the Australian agribusiness sank 5.9% to $8.83 on Wednesday without any news from the company. The swift unexplained drop prompted the ASX to issue a price query to Elders, to which it provided a response this afternoon.

While there was no price-sensitive information released, Elders noted that it had conducted multiple investor briefings with institutional investors yesterday. A collection of sector-wide factors were mentioned in these briefings, including:

• Declining livestock prices from historic highs
• Unseasonably wet conditions affecting eastern Australia
• Softer real estate activity amid rising interest rates
• Strong winter cropping outlook

One would need to trace back to early 2020 to find Elders shares trading this low on the ASX.

Bluebet Holdings Ltd (ASX: BBT)

Sportbetting company BlueBet managed to finish the day 1.6% higher at 32.5 cents apiece, but not before setting a new 52-week low. Shares in the microcap reached a low of 31 cents, its lowest on record since hitting the ASX.

There wasn't any clear negative news to explain a new 52-week low from BlueBet today.

Last month, shareholders were supplied with the company's results for the second quarter of FY23. While active customers were up by 32.3% to 59,632 compared to the prior corresponding period, more than $10 million worth of cash was consumed during the quarter.

Sonic Healthcare Limited (ASX: SHL)

Shares in ASX healthcare giant Sonic took a 3% hit on Wednesday, nudging down to $29.21. The last time the company reached a share price this low was around mid-2020 as it was beginning to catch the COVID-19 tailwind.

Earlier in the week, analysts at Goldman Sachs named Sonic as one ASX share it suspects will surprise to the downside this ASX reporting season. According to Goldman analyst Chris Cooper, investors are underestimating the impact of inflation on the business.

The Sonic Healthcare share price is down 24.6% over the past year.

The post Bargain alert? 3 high-quality ASX shares that just hit 52-week lows appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Amcor (ASX: AMC)

The Amcor share price is down over 3% to $16.70. Investors have been selling this packaging giant's shares following the release of its first half results. Amcor reported net sales of US$7.35 billion, which is an increase of 6% on the prior corresponding period. And while management has reaffirmed its full year guidance, this hasn't been enough for some investors.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is down 10% to $9.37. This follows the release of the wholesale computer hardware and software distributor's unaudited full year results. Dicker Data reported a 25% increase in revenue to $3.1 billion but a small decline in net profit after tax to $73.4 million. Interestingly, last week, Goldman Sachs warned that Dicker Data's earnings could disappoint.

Elders Ltd (ASX: ELD)

The Elders share price is down 5% to $8.90 despite there being no news out of the agribusiness company. However, it was sent a price query by the ASX today. Elders said it could not explain the decline but noted that it "held two investor briefings yesterday with a number of institutional investors."

Healius Ltd (ASX: HLS)

The Healius share price is down almost 5% to $2.84. This morning, Morgan Stanley downgraded this healthcare company's shares to an underweight rating with a trimmed price target of $2.65. It was disappointed with Healius' performance during the first half of FY 2023.

The post Why Amcor, Dicker Data, Elders, and Healius shares are dropping today appeared first on The Motley Fool Australia.

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.

Here's what you need to know about these buy-rated ASX dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share for income investors to look at is footwear and youth fashion retailer Accent.

It owns a growing portfolio of brands including HypeDC, Glue Store, Platypus, Stylerunner, and The Athlete's Foot.

Bell Potter is positive on the retailer and has a buy rating and $2.10 price target on its shares. Its analysts were pleased with Accent's start to FY 2023, commentng:

Accent Group (AX1) provided a trading update for the first 18 weeks of FY23, Group owned sales +52% on pcp and Gross margins +570bps vs down 700bps in the pcp. We see this as a solid start and expect AX1 to be well positioned as tougher comps are faced in Nov/Dec. We view the performance into the key seasonal period to be supported by the company's healthy inventory position as per company's commentary.

In respect to dividends, Bell Potter is expecting fully franked dividends of 10 cents per share in FY 2023 and then 12 cents per share in FY 2024. Based on the current Accent share price of $1.83, this would mean yields of 5.5% and 6.6%, respectively,

Elders Ltd (ASX: ELD)

Another ASX dividend share that could be a buy is Elders. It is one of Australia's leading agribusiness companies.

Goldman Sachs is positive on the company and has a conviction buy rating and $18.40 price target on its shares. The broker believes Elders' share price weakness in 2022 was unwarranted and sees it as a buying opportunity. It said:

We view the share price reaction […] as unwarranted. The fundamentals of this company remain unchanged, and strong in our view. The Australia agricultural environment is structurally strong and ELD is uniquely placed to benefit as a highly diversified Agribusiness with broad geographic and segment exposure. Farmer balance sheets and industry data are showing strong intentions for investment and expanded production in the context of a tightening global agricultural market.

In respect to dividends, the broker is expecting 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 $9.90, this will mean yields of 5.35% and 5.75%, respectively.

The post Here are some top ASX dividend share ideas according to experts appeared first on The Motley Fool Australia.

It's certainly been a rollercoaster for ASX investors in 2022. But now, it's time to disembark and begin a whole new ride!

Will rising inflation and recession fears derail the carriage again in 2023? Or will China fully reopen and central banks turn dovish to prevent any major big dippers?

Stay tuned! But in the meantime, we asked our Foolish contributors for their thoughts on which are the best shares to bring joy to your ASX ride in 2023.

Here is what the team came up with:

7 best ASX shares for January 2023 (smallest to largest)

• Mach7 Technologies Ltd (ASX: M7T), $164 million
• Elders Ltd (ASX: ELD), $1.58 billion
• Deterra Royalties Ltd (ASX: DRR), $2.43 billion
• Metcash Limited (ASX: MTS), $3.75 billion
• iShares Global Consumer Staples ETF (ASX: IXI), $4.06 billion
• Allkem Ltd (ASX: AKE), $7.18 billion
• Qantas Airways Limited (ASX: QAN), $10.99 billion

(Market capitalisations as of 4 January 2023)

Why our Foolish writers love these ASX shares

Mach7 Technologies Ltd

What it does: Mach7 Technologies provides and develops image management and viewing solutions in the healthcare sector. The core of these offerings is its Mach7 Enterprise Imaging Solution.

By Bernd Struben: Mach7 is on the smaller end of the investment spectrum with a market cap of some $165 million. Yet it has a global reach into the large and growing medical imaging markets.

In the first quarter of FY23, the company reported annual recurring revenue (ARR) of $17.9 million, up 3.2% from the prior quarter. While cash receipts were down from the prior quarter, Mach7's balance sheet was solid, with $21.5 million in cash and no debt.

The company kicked off 2023 announcing the largest customer contract in its history. The 10-year deal with NASDAQ-listed Akumin Inc has a total contract value of approximately $16.7 million. The Mach7 share price surged 18% on the day of the announcement. But I believe there could be more gains in the months ahead.

Motley Fool contributor Bernd Struben does not own shares in Mach7 Technologies.

Elders Ltd

What it does: Elders is an agribusiness company providing services for those in industries such as livestock, wool, and grain. It also offers real estate services, home loans, and insurance products, among other various avenues.

By Brooke Cooper: A new year has dawned, and it's likely brought plenty of new investing opportunities. Alas, I've got my eye on an old one.

Elders has been around for more than 180 years, but the last one has been particularly rough on its share price. It's fallen 16% over the last 12 months.

Recent selloffs in the company have been excessive, in the eyes of both myself and broker Goldman Sachs.

The broker believes Elders is "very well-positioned to grow through the cycle", slapping it with a buy rating and an $18.40 price target. This represents a potential 82% upside.

Motley Fool contributor Brooke Cooper does not own shares in Elders Ltd. 

Deterra Royalties Ltd

What it does: Deterra Royalties collects a fee from royalty assets it holds in its portfolio. The main contributor to the company's financials is its royalty over the Mining Area C iron ore mining operation in the Pilbara region.

By Mitchell Lawler: Inflationary pressures have shone a light on businesses with low operational costs. Companies with minimal employee expenses, material costs, and debt could be well situated this year. 

Deterra Royalties appears to be one such company thanks to its royalty business model. Due to the lack of capital-intensive operations, Deterra touted a 97% gross profit margin in FY22 and a net income margin of 67%. 

The risk to this company's bottom line is iron ore demand. There is concern stemming from China's challenging exit from a zero-COVID policy. However, I'd expect China will find its feet eventually, much like the rest of the world. 

Motley Fool contributor Mitchell Lawler does not own shares in Deterra Royalties Ltd.

Metcash Limited

What it does: Metcash operates three different divisions. It is a food supplier for independent supermarkets around Australia, namely IGA, and a liquor supplier for brands such as Cellarbrations, The Bottle-O, IGA Liquor and Thirsty Camel. The company also owns hardware brands, including Mitre 10, Homeware Timber & Hardware and Total Tools.

By Tristan Harrison: Investors looking for stability during this uncertain time could do well with Metcash, in my opinion. I think its food and liquor earnings can be resilient, as we saw during the COVID-19 period. The Australian population's continued growth could be a boost, particularly for the food division.

I'm excited by the potential of the hardware division as it expands its number of locations and grows profitability. The hardware division is now making the most profit and saw 8% sales growth in the first four weeks of the FY23 second half.

According to Commsec, Metcash could pay a grossed-up dividend yield of 7.7% in FY23, which would boost total returns.

Motley Fool contributor Tristan Harrison does not own shares in Metcash Limited.

iShares Global Consumer Staples ETF

What it does: This exchange-traded fund (ETF) represents a basket of global companies specialising in consumer staples products like food, drinks, vices and household essentials.

By Sebastian Bowen: Happy New Year! Like 2022 before it, 2023 is shaping up to be a year of unknowns and risks. Rising interest rates have led to predictions of another recession this year.

 With all of this uncertainty, I think it's a good time to turn to companies that can thrive in all economic climates: consumer staples. No matter what the economy is doing, we all need to eat drink and keep our homes running.

As such, I believe that the iShares Consumer Staples ETF, housing top-notch names like McDonald's, Kellogg and Colgate-Palmolive, provides a solid foundation for an ASX share portfolio in the new year.

Motley Fool contributor Sebastian Bowen owns shares in McDonald's.

Allkem Ltd

What it does: Allkem is a speciality lithium products company with a global portfolio of diverse and high-quality lithium chemicals.

By James Mickleboro: My first pick this year is lithium miner Allkem. The lithium industry has been going through a tough period in recent weeks amid concerns that prices have peaked. And while a peak was inevitable eventually, this doesn't mean the end of the road for Allkem. Far from it!

Thanks to its plan to grow production four times over in the coming years, it remains well-placed to continue generating bumper profits even as prices ease.

In fact, even Goldman Sachs, which is extremely bearish on lithium prices, believes Allkem shares are a buy. It currently has a buy rating and $15.20 price target on them.

Motley Fool contributor James Mickleboro owns shares in Allkem. 

Qantas Airways Limited

What it does: Qantas is Australia's leading operator of international and domestic air transportation services. It also provides freight services and has a lucrative frequent flyer loyalty program.

By James Mickleboro: Another ASX share that I would buy this month is Australia's flag carrier airline, Qantas. Despite its shares smashing the market in 2022, I still believe they are attractively priced. Especially given how the airline has come out the other side of the pandemic as a significantly stronger business.

For example, Goldman Sachs forecasts FY 2023 earnings per share almost 60% higher than FY 2019's pre-COVID levels. And that's despite the company operating with a group capacity 20% lower than 2019 levels. Yet despite this, Qantas shares have closed out the year notably lower than where they ended 2019.

Goldman currently has a conviction buy rating and an $8.20 price target on its shares.

Motley Fool contributor James Mickleboro does not own shares in Qantas. 

The post Top ASX shares to buy in January 2023 appeared first on The Motley Fool Australia.

While I'm predominantly a 'growth' investor through and through, I still have a place in my portfolio for passive income. My preference is to use the proceeds from ASX dividend shares to fund more investments. This, in a way, grows my portfolio for free.

Despite plummeting nearly 25% in under two months, this ASX 200 company could be throwing out cash for years to come.

Solid foundations overlooked

Shares in one of Australia's largest agribusiness operators, Elders Ltd (ASX: ELD), have been crucified since the CEO Mark Allison announced his retirement on 14 November. In a single trading day, the Elders share price tumbled more than 20%.

The sudden concern is somewhat understandable, with Allison steering the Elders ship out of dangerous waters from 2013 onward. Over the following decade, the highly experienced agricultural manager created enormous shareholder value, demonstrated by the share price performance during this time.

However, I think some investors might be overlooking what Allison and the team have built. The balance sheet has been repaired, the operations have been refocused, and the company has expanded.

While all of this can still be undone by poor leadership, the newly appointed CEO will be inheriting a well-positioned business.

Why more dividends could be on the way

According to Elders' FY22 full-year presentation, around 60% of the company's gross margin is reliant on three areas of the business, those being:

• AgChem (26.5% of gross margin)
• Agency services (22.5% of gross margin); and
• Wholesale products (11.2% of gross margin)

Reassuringly, Rural Bank is forecasting most areas of the Australian agricultural industry to hold steady in 2023. Cattle, cropping, horticulture, dairy, and sheep are all expected to remain above historical averages, despite some weakening in demand.

This is good — if it turns out to be the case — for Elders shareholders, as its key divisions should continue to perform reasonably well. If so, the income could continue from this ASX dividend-paying share.

The team at Goldman Sachs is also optimistic about Elders' future prospects. Analysts are forecasting 53 cents per share fully franked in FY23 and 57 cents in FY24.

Why I think this ASX dividend share is cheap

Earnings for agricultural companies can be volatile due to the changing seasons. That's why it comes as no surprise that investors aren't often willing to pay a large premium for such businesses.

However, at a price-to-earnings (P/E) ratio of around 9.7 times, the Elders share price is trading at a 32% discount to the industry average. Furthermore, the relatively conservative debt-to-equity of 21% gives me confidence Elders will continue to consolidate the industry.

I already hold a small position in Elders, but the recent pullback makes it a hot target for me to double down on in 2023.

The post A dirt-cheap ASX 200 dividend share on my watchlist for 2023 appeared first on The Motley Fool Australia.

Here's why the broker thinks investors should be buying their shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that Goldman Sachs is recommending investors buy is Adairs.

It is the leading furniture and homewares retailer behind the Adairs, Focus on Furniture, and Mocka brands.

Goldman believes that Adairs' core business is far more resilient than the market is giving it credit for. As a result, it feel its shares are trading at an unjustified discount to other retailers.

The broker commented:

We view the re-affirmed guidance [at its AGM] as a key positive for ADH, and we believe the market is pricing in EBIT that is 11-21% below the guidance range, and 12% below GSe. We view the core Adairs business as resilient in the current environment and do not believe the c.40% discount to discretionary retail peers is justified.

Goldman has a buy rating and $2.65 price target on its shares. In addition, sweetening the deal even further, its analysts are expecting some very big yields from the retailer's shares in the coming years.

It is forecasting fully franked dividends per share of 17 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.22, this will mean yields of 7.6% and 9%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share that could be cheap according to Goldman Sachs is Elders.

It is a leading agribusiness company that offers a range of services to rural and regional customers across the ANZ region.

Goldman Sachs believes that Elders' shares have unnecessarily been sold off, which could have created an excellent buying opportunity for investors given its positive outlook.

It commented:

We view the share price reaction as unwarranted. The fundamentals of this company remain unchanged, and strong in our view. […] In our view, ELD is very well positioned to grow through the cycle.

Goldman has a conviction buy rating and $18.40 price target on its shares.

As for dividends, it is expecting 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 $10.27, this will mean yields of 5.15% and 5.55%, respectively.

The post The cheap ASX shares to buy for dividends: Goldman Sachs appeared first on The Motley Fool Australia.

Here's why brokers think investors ought to buy them next week:

Elders Ltd (ASX: ELD)

According to a note out of Macquarie, its analysts have retained their outperform rating and $14.35 price target on this agribusiness company's shares. Macquarie was pleased to see Elders maintain its double-digit earnings growth target. And while it sees some risks due to wet weather, it remains positive due to its attractive valuation. The Elders share price ended the week at $10.22.

Life360 Inc (ASX: 360)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $7.60 price target on this location technology company's shares. Goldman believes that Life360 had a solid Thanksgiving holiday season, which it feels eases any risk to its FY 2022 guidance. Outside this, the broker notes that the company's subscription business trades at a discount to global subscription app peers when adjusting for its superior growth outlook. As a result, it sees scope for a re-rating as Life360 demonstrates pricing leverage, improving unit economics, and progresses to cash flow breakeven in FY 2023. The Life360 share price was fetching $5.63 at Friday's close.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Morgans have upgraded this lithium miner's shares to an add rating with a $4.70 price target. According to the note, the broker believes the selloff last week was an over-reaction and created a buying opportunity for investors. While Pilbara Minerals reported a reduction in BMX auction lithium prices month on month, Morgans isn't concerned. Its analysts suspect that lithium inventories will need to be rebuilt early next year, which will be supportive of prices. The Pilbara Minerals share price ended the week at $4.10.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) traded in the red on Thursday. The Index closed 0.64% lower at 7,204.8 points.

It followed a similar fall on Wall Street after the US Federal Reserve hiked the nation's interest rates by 0.5%. The Dow Jones Industrial Average Index (DJX: .DJI) fell 0.4% on the back of the hike while the S&P 500 Index (SP: .INX) slipped 0.6% and the Nasdaq Composite Index (NASDAQ: .IXIC) dropped 0.8%.

Interestingly, however, it was miners that dragged on the Aussie bourse today. The S&P/ASX 200 Materials Index (ASX: XMJ) dropped 1.3% as lithium shares weighed heavily.

Retailers also suffered on Thursday, dragging the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) 1.2% lower.

Meanwhile, S&P/ASX 200 Consumer Staples Index (ASX: XSJ) stocks led the market. The sector lifted 0.7%.

At the end of Thursday's session, two of the ASX 200's 11 sectors were in the green. But which stock took out today's top-performing trophy? Keep reading to find out.

Top 10 ASX 200 shares countdown

Consumer staples stock Blackmores Ltd (ASX: BKL) led the index on Thursday, gaining 7.5% despite the company's silence.

Today's biggest gains were made by these shares:

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.

Two that have been tipped as strong buys are listed below. Here's what analysts are saying about them:

Elders Ltd (ASX: ELD)

The first ASX 200 dividend share that could be a strong buy is Elders.

Goldman Sachs currently has a conviction buy rating and $18.40 price target on the agribusiness company's shares.

Its analysts believe that recent share price weakness has been unwarranted and has created a buying opportunity for investors. It commented:

We view the share price reaction […] as unwarranted. The fundamentals of this company remain unchanged, and strong in our view. The Australia agricultural environment is structurally strong and ELD is uniquely placed to benefit as a highly diversified Agribusiness with broad geographic and segment exposure. Farmer balance sheets and industry data are showing strong intentions for investment and expanded production in the context of a tightening global agricultural market.

In respect to dividends, the broker is expecting 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 $9.99, this will mean yields of 5.3% and 5.7%, respectively.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share that has been named as a strong buy is banking giant Westpac.

The banking giant has been included on Morgans' best ideas list with an add rating and $25.80 price target. This compares to the latest Westpac share price of $23.44.

Morgans likes Australia's oldest bank due to its business transformation initiatives. It commented:

We view WBC as having the greatest potential for return on equity improvement amongst the major banks if its business transformation initiatives prove successful. The sources of this improvement include improved loan origination and processing capability, cost reductions (including from divestments and cost-out), rapid leverage to higher rates environment, and reduced regulatory credit risk intensity of non-home loan book. Yield including franking is attractive for income-oriented investors, while the ROE improvement should deliver share price growth.

As for dividends, the broker is forecasting fully franked dividends per share of 153 cents in FY 2023 and 159 cents in FY 2024. Based on the current Westpac share price, this will mean yields of 6.5% and 6.8%, respectively.

The post Earn passive income with these strong ASX 200 dividend shares: brokers appeared first on The Motley Fool Australia.

Unfortunately, not all shares climbed with the market. Here's why these were the worst performing ASX 200 shares in November:

Elders Ltd (ASX: ELD)

The Elders share price was the worst performer on the ASX 200 last month with a 20.6% decline. Investors were hitting the sell button following the release of the agribusiness company's full year results. For the 12 months ended 30 September, Elders reported an impressive 35% increase in sales revenue to $3,445.3 million and a 42% jump in underlying profit before tax to $223.5 million. However, overshadowing this solid result was management's 2023 outlook, which warned that "extreme rainfall events across the eastern states have created some uncertainty."

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was out of form and sank 18.6% in November. The majority of this decline came in the final days of the month following the release of the quick service restaurant operator's half year results. Although Collins Foods revealed solid top line growth, inflationary pressures weighed on its profits. Unfortunately, management now doesn't expect these pressures to ease in the second half. In addition, concerns that the Taco Bell brand could be about to fail again in Australia also weighed on sentiment.

Novonix Ltd (ASX: NVX)

The Novonix share price had a tough time in November and tumbled 16.4%. This may have been driven by profit taking after some very strong gains during the previous month following major funding news in the United States. In addition, battery materials shares came under pressure last month due to concerns over demand in China amid soaring COVID cases.

Healius Ltd (ASX: HLS)

The Healius share price wasn't far behind with a 15.2% decline last month. This was driven by the release of a trading update from the healthcare company late in the month. For the first four months of FY 2023, Healius revealed that revenue was down 32% and EBITDA was down 64.1%. This was due to a sharp decline in COVID testing demand.

The post These were the worst performing ASX 200 shares in November appeared first on The Motley Fool Australia.

Both have fallen heavily in recent months and have been tipped as buys with major upside potential and big future yields.

Here's what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share that could be cheap is leading baby products retailer Baby Bunting.

While the company has been having a tough time this year and seen its margins come under pressure, the team at Morgans remains positive on the future and believes its significant share price weakness has created a buying opportunity. The broker has an add rating and $3.60 price target on its shares.

It highlights that these margin pressures are transitory and reminds investors of Baby Bunting's "compelling opportunities to grow its share of a growing market."

In respect to dividends, Morgans is forecasting fully franked dividends per share of 14 cents in FY 2023 and then 16 cents in FY 2024. Based on the current Baby Bunting share price of $2.54, this will mean yields of 5.5% and 6.3%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share that has been beaten down this year and could be cheap now is Elders. It is a leading agribusiness company offering a range of services to rural and regional customers across the ANZ region.

Its shares were sold off last month following the release of its FY 2022 results. Although Elders delivered strong revenue and earnings growth, this was overshadowed by its uncertain outlook for FY 2023 and news that its CEO will retire next year.

Goldman Sachs remains positive on the company and believes investors should be snapping up its shares. So much so, it has put a conviction buy rating and $18.40 price target on its shares.

Although heavy rainfall poses a short term headwind, the broker remains positive on the future and believes "ELD is very well positioned to grow through the cycle."

As for dividends, the broker is expecting 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 $10.32, this will mean yields of 5.1% and 5.5%, respectively.

The post Buy these cheap ASX dividend shares now: analysts appeared first on The Motley Fool Australia.

In case you've not realised, interest rates are now 275 basis points higher than where they were seven months ago.

This hefty rise in mortgage repayments will really start to bite in the coming months. Australian consumers will start closing their wallets and there will be less revenue for businesses.

So with the economy well and truly in a slowing part of the cycle, it's vital to be selective about the ASX shares you buy right now.

One way to minimise damage during slowdowns and recessions is to pick businesses that provide essential goods and services.

Here are a couple of expert suggestions:

'A quality and well managed business'

When you talk staples, they don't come much more essential than food.

Elders Ltd (ASX: ELD) is an agribusiness that provides goods and services to farmers around the nation.

Seneca investment advisor Arthur Garipoli was impressed with the company's recent updates.

"The Australian agribusiness posted a strong fiscal year 2022 result," Garipoli told The Bull.

"Underlying earnings before interest and tax were $232.1 million, up 39% on the corresponding period."

However, the Elders share price has struggled in recent times. It plunged 23% in one day earlier this month.

Garipoli is not worried for the long term though.

"Severe rainfall in several rural regions has been weighing on the share price," he said.

"However, we believe Elders is a quality and well managed business that should continue to outperform."

'Strong position and generating growth'

Nanosonics Ltd (ASX: NAN) is not a name synonymous with staple products, but it manufactures a critical medical product that many people would have been an unknowing beneficiary of.

The company makes disinfectors for ultrasound scanning probes.

Morgans investment advisor Jabin Hallihan rates the stock a buy.

"More than 25 million patients a year are protected from the risk of ultrasound probe cross-contamination by Nanosonic's Trophon technology," he said.

"The company is in a strong position and is generating growth."

The healthcare industry is a sector known to enjoy resilient demand through tougher economic periods. And ultrasound scans are a very common diagnostic procedure in modern times.

Hallihan reckons Nanosonics is headed in the right direction financially.

"Total revenue of $52.6 million in the first four months to October 31, 2022 was up 42% on the prior corresponding period," he said.

"A positive trading update suggests consensus forecasts will be comfortably achieved."

The post Buy now: Experts name 2 ASX 200 companies essential to Aussie life appeared first on The Motley Fool Australia.

According to Oxford Languages, 'motley' means "incongruously varied in appearance or character". But in relation to our Foolish writers, it means they vary greatly with regard to age, risk tolerance, and stage of life as well as investing budget, timeframe, and expectations.

Despite their many differences, a passion for investing in ASX shares is something all our writers definitely have in common.

So when we asked them to let us know which of the ASX companies they own shares in that they are feeling particularly upbeat about right now, they leapt at the chance to share their thoughts.

Here's what they had to say:

8 of their own ASX shares our writers are especially pumped about (smallest to largest)

• Bailador Technology Investments Ltd (ASX: BTI), $185.59 million
• Alcidion Group Ltd (ASX: ALC), $199.72 million
• VanEck Morningstar Wide Moat ETF (ASX: MOAT), $454.32 million
• Vulcan Energy Resources Ltd (ASX: VUL), $1.01 billion
• Elders Ltd (ASX: ELD), $1.59 billion
• Telix Pharmaceuticals Ltd (ASX: TLX), $2.324 billion
• Domino's Pizza Enterprises Ltd (ASX: DMP), $5.70 billion
• Fortescue Metals Group Limited (ASX: FMG), $58.32 billion

(Market capitalisations as of market close on 25 November 2022)

Why these ASX shares set our writers' hearts aflutter

Bailador Technology Investments Ltd

What it does: Bailador exposes investors to a "portfolio of information technology companies with global addressable markets". It generally makes initial investments of between $5 million and $20 million in businesses in the 'expansion stage'. Some of the sectors that Bailador looks for are subscription-based internet businesses, online marketplaces, software, e-commerce, high-value data, online education, telco applications, and services. Siteminder Ltd (ASX: SDR) is currently one of its biggest investments.

By Tristan Harrison: The typical characteristics that Bailador looks for in a business to invest in are attractive to me. These include companies that are run by founders and have a "proven" business model with attractive unit economics, international revenue generation, "huge market opportunity", and the "ability to generate repeat revenue".

In the current climate of economic uncertainty, I think this sort of discerning approach could help this  ASX financial share excel over the long term. Yet, the Bailador share price is down 20% since the end of August.

Almost half the company's portfolio value is cash after Bailador recently sold its Instaclustr and SMI stakes for a combined $138 million. Due to those sales, $119 million of Bailador's total $246.8 million portfolio value is cash, providing protection and a hunting fund in these volatile times.

Motley Fool contributor Tristan Harrison owns shares in Bailador Technology Investments Ltd.

Alcidion Group Ltd

What it does: Alcidion is a healthcare informatics company that provides a range of software solutions to hospitals and healthcare professionals. Think everything from patient flow and bed management to real-time analytics, theatre management, waiting lists, and registrations.

Alcidion has an established foothold in Australia, New Zealand, and the United Kingdom, with its technology being used to manage more than 65,000 beds across 400 hospitals.

By Cathryn Goh: Although the digital transformation of business, in general, has been in train for some time, the healthcare sector has been somewhat of a laggard. Many hospitals are rooted in old-world systems. Others have embraced digital but use a variety of disparate systems that don't talk to each other.

This is where Alcidion enters the fray, offering hospitals everything from a fully-fledged electronic patient record (EPR) solution to individual software modules that play nice with existing technology investments.

Put simply, Alcidion is a mission-critical, scalable software business that's experiencing strong business momentum and has tipped into cash flow and earnings before interest, tax, depreciation and amortisation (EBITDA) positive territory.

With a newly-transformed offering and stiff industry tailwinds at its back, it's a small-cap ASX share I think holds plenty of promise.

Motley Fool contributor Cathryn Goh owns shares in Alcidion Group Ltd.

VanEck Morningstar Wide Moat ETF

What it does: This exchange-traded fund (ETF) holds a small portfolio of US shares that are deemed to show characteristics of Warren Buffett's famous 'economic moat'. In other words, intrinsic and durable competitive advantages.

By Sebastian Bowen: The VanEck Wide Moat ETF invests in a relatively small portfolio of quality US companies. The holdings are selected for their ability to demonstrate an economic moat. Types of moats can include an exceptionally strong brand, pricing power in a particular sector, or selling a product that many customers have no alternative for, to name a few.

This ETF has proven its approach works. The VanEck Wide Moat ETF has outperformed its benchmark S&P 500 Index (SP: .INX) over the past five years and since its inception in June 2015.

Since inception, the fund has averaged a return of 14.48% per annum (as of 31 October). This is more than enough to earn the VanEck Wide Moat ETF pride of place in my ASX share portfolio.

Motley Fool contributor Sebastian Bowen owns units in the VanEck Vectors Wide Moat ETF.

Vulcan Energy Resources Ltd

What it does: Vulcan Energy is an ASX lithium company working to develop its flagship Zero-Carbon Lithium Project, a German lithium brine resource. The project is expected to power its production using renewable energy from the brine's geothermal properties.

By Brooke Cooper: For me, my most exciting investment is one that also carries plenty of risk.

Vulcan Energy is working to develop a world-first zero-carbon lithium project. Thus, there's lots of scope for potentially-significant upside, but also the risk of error and misfortune along the way. Being in my 20s and having a long investment horizon, I'm okay with taking on this risk. 

Beyond the company itself, unprofitable resource shares are typically particularly susceptible to shifting market sentiment, as I've delved into previously. That's arguably one contributing factor to Vulcan's 34% year-to-date share price tumble.

However, I remain excited about the Zero-Carbon Lithium Project's potential, as well as the company's work in the geothermal power space.

Motley Fool contributor Brooke Cooper owns shares in Vulcan Energy Resources Ltd.

Elders Ltd

What it does: Since its founding in 1839, Elders has taken many forms over its 183-year lifespan. Today, the company derives most of its gross profits from its agricultural chemicals operations and agency services. Elders' agricultural industry involvement has also permeated into other areas such as fertilisers, animal health, and rural real estate.

By Mitchell Lawler: Upon releasing its FY22 full-year results last week, the market responded with a hefty sell-down of the agribusiness's shares. The Elders share price was demolished by nearly 23% in a single session despite sales revenue and underlying profit increasing by 35% and 42%, respectively.

News of the company's CEO, Mark Allison, retiring likely played a significant role in the shifting sentiment. Allison, without a doubt, was instrumental in conducting one of the greatest turnaround stories in Australia's corporate history.

While it will be a loss to the company, I believe Elders is strongly positioned to continue its growth. The company has made many acquisitions recently, bringing the trusted Elders brand to more locations and potential customers than ever before.

With a price-to-earnings (P/E) ratio of around 9.7, I believe this long-standing S&P/ASX 200 Index (ASX: XJO) share looks acutely underappreciated and undervalued.

Motley Fool contributor Mitchell Lawler owns shares in Elders Ltd.

Telix Pharmaceuticals Ltd

What it does: Telix is a pharmaceutical company that makes cancer diagnostic and treatment products.
The business is currently transitioning from a pre-revenue phase to a growth stage. In April, Telix commercially launched prostate cancer diagnostic tool Illuccix into the US market. The pharma also has other cancer products in the pipeline.

By Tony Yoo: Many experts are bullish on healthcare as Australia and the world head into an economic slowdown. The sector has defensive characteristics because consumers will still spend money on their health while cutting other costs.

I believe Telix combines this defensive streak with the potential for explosive growth as it develops new products for release into an aging population. The share price is down 10.3% year to date, still presenting an attractive entry point for those willing to hold long-term.

Motley Fool contributor Tony Yoo owns shares in Telix Pharmaceuticals Ltd.

Domino's Pizza Enterprises Ltd

What it does: Domino's Pizza Enterprises holds exclusive master franchise rights for the Domino's brand and network in Australia and several international markets such as New Zealand, France, and Japan.

By James Mickleboro: I recently took advantage of the significant weakness in the Domino's share price in 2022 to pick up some shares. I made the move on the belief that the pizza chain operator's shares are currently trading at a compelling level for a long-term investment.

While trading conditions are proving difficult for Domino's at present due largely to inflationary pressures, these headwinds will inevitably ease in time. In light of this, I think investors should look beyond this and focus on the long term, which remains very positive thanks to the company's store expansion plans.

Domino's aims to more than double its store footprint over the next decade. Combined with its same-store sales growth target of 3% to 6% per annum, I believe this bodes well for its growth.

Motley Fool contributor James Mickleboro owns shares in Domino's Pizza Enterprises Ltd.

Fortescue Metals Group Limited

What it does: Fortescue is the largest, pure-play iron ore miner on the ASX. It has multiple mining operations in the Pilbara region of Western Australia. It now has a subsidiary called Fortescue Future Industries (FFI), which is a green energy and technology business.

By Bronwyn Allen: I like investing in founder-led companies because I think there is inherently more passion and drive at the management level to keep the company growing and evolving.

Fortescue founder Andrew 'Twiggy' Forrest is one of Australia's pre-eminent business leaders and, I believe, an incredible innovator who gives the miner a significant edge.

Fortescue is one of the world's lowest-cost iron ore producers because Forrest has invested in infrastructure and technology, including robotics and artificial intelligence, like nobody else. I also think he's way ahead on what may be the biggest investment thematic of my generation – climate change.

Forrest spent much of COVID-19 travelling the world, establishing business and government partnerships to develop green hydrogen and other renewable energy technologies under the FFI banner. His goal is to transition Fortescue from an iron ore miner to a 'global green energy and resources company'.

I'm excited to see a leader in a 'dirty' industry like mining embracing climate change as an opportunity for business expansion, not a burden to core operations.

Motley Fool contributor Bronwyn Allen owns shares in Fortescue Metals Group Limited.

The post Skin in the game: The ASX share in my portfolio I'm most excited about appeared first on The Motley Fool Australia.

Here's why they are bullish on these dividend shares:

Elders Ltd (ASX: ELD)

The first ASX dividend share that has been rated as a buy is Elders. It is a leading agribusiness company offering a range of services to rural and regional customers across the ANZ region.

Goldman Sachs is very positive on the company and believes recent weakness since its full year results release has created an excellent buying opportunity.

Although heavy rainfall poses a short term headwind, the broker remains positive on the future and believes "ELD is very well positioned to grow through the cycle."

Its analysts expect this to underpin 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 $10.22, this will mean yields of 5.2% and 5.6%, respectively.

Goldman Sachs currently has a conviction buy rating and $18.40 price target on its shares.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share that could be in the buy zone is investment bank Macquarie.

Morgans is a fan of Macquarie due to its exposure to long-term structural growth areas such as infrastructure and renewables.

The broker also sees opportunities for the bank to "benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages."

All in all, Morgans is expecting this to underpin partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $178.06, this will mean yields of 4% and 4.2%, respectively.

Morgans has an add rating and $215.00 price target on the company's shares.

The post Don't miss out on these top ASX dividend shares: analysts appeared first on The Motley Fool Australia.