Fix Your Funds

In today's volatile market environment, where many ASX 300 shares are struggling to maintain stability, a select few are defying the odds and reaching impressive new heights. This article delves into the five ASX 300 stocks that have surged to remarkable new 52-week highs, offering detailed insights into their standout performance. We'll examine what sets these stocks apart and analyze the factors likely driving their upward momentum despite broader market challenges. Altium Ltd (ASX: ALU) Altium Ltd has emerged as a standout performer today, hitting a new record high amidst news of a potential takeover by Renesas Electronics. Starting the day at $67.90, Altium shares peaked at $68.03, marking a significant milestone for the tech stock. As of the latest update, Altium is trading at $67.95, showcasing resilience in a challenging market. Codan Ltd (ASX: CDA) Codan Ltd, a leading mining equipment manufacturer, has also reached a new 52-week high today. Starting at $11.72, Codan ...

On Friday, the S&P/ASX 200 Index (ASX: XJO) closed the week on a high note, rising by 0.35% to reach 7,796 points. As we look towards Monday, several factors will determine whether the market can maintain this positive momentum. Here are five key elements to watch closely: Image Credit: Pexels ASX 200 Expected to Fall Despite a strong finish last week, the Australian share market appears set to open lower on Monday. The latest SPI futures indicate that the ASX 200 will likely start the day 16 points or 0.2% lower. This anticipated drop follows a mixed performance on Wall Street on Friday, where the Dow Jones rose by 0.05%, the S&P 500 dipped by 0.15%, and the Nasdaq fell by 0.2%. The uncertainty in the US market may weigh on Australian shares as trading resumes. Oil Prices Soften Energy shares on the ASX 200, such as Santos Ltd ( ASX: STO ) and Woodside Energy Group Ltd (ASX: WDS), might face a subdued start to the week due to softening oil prices. According to Bloomberg, th...

If you're on the hunt for a blend of market-beating gains and an attractive dividend yield , it might be time to consider the ASX 200 stock highlighted in this article. Analysts at Bell Potter believe this stock is undervalued at its current levels and is poised to deliver robust returns for investors over the next 12 months. Image Credit: Pexels Which ASX 200 Stock? The stock in focus is Elders Ltd ( ASX: ELD ) , a leading agribusiness company. Bell Potter notes that Elders’ shares have underperformed recently due to skepticism about its ability to meet its guidance. However, the broker believes these doubts are misplaced and that Elders is well-positioned to achieve its targets. Recent Performance and Analyst Outlook Bell Potter highlighted that Elders' share price has stagnated following the release of its 1H24 results, where the FY24 earnings before interest and taxes (EBIT) guidance of $120-140 million was reiterated. This implies a 2H24 EBIT of $82-102 million, compared t...

When seeking stable income from investments, ASX dividend shares are a preferred option for many investors. Analysts have recently highlighted three ASX-listed companies currently in the buy zone due to their attractive dividend prospects and growth potential on the ASX DRIP (Dividend Reinvestment Plan). Let's explore what makes these stocks compelling options for income-focused investors. Image Credit: Pexels Endeavour Group Ltd ( ASX: EDV ) Endeavour Group stands out in the alcohol retail sector as the leading player, owning iconic brands like BWS and Dan Murphy's. According to Goldman Sachs, this market leadership position and the defensive nature of the alcohol retail market make Endeavour Group an appealing investment. Goldman Sachs forecasts fully franked dividends of around 22 cents per share for both FY 2024 and FY 2025. With the current Endeavour share price at $5.08, this translates to dividend yields of 4.3% annually. Moreover, the broker maintains a positive outlo...

Fortunately for income investors, the Australian share market is home to a large number of ASX dividend-paying shares . But which ones could be good options for them right now? Let's take a look at three options from very different sides of the market that analysts are tipping as buys this month. Image Credit: Pexels Top ASX Dividend Shares for June BHP Group Ltd ( ASX: BHP ) If you are happy to invest in the mining sector, then it could be a good idea to look at mining giant BHP Group Ltd. Goldman Sachs is optimistic about the Big Australian, believing it will provide investors with a combination of significant gains and attractive dividend yields.  The broker currently has a $49.00 price target on the miner's shares, compared to the current BHP share price of $42.80. As for dividends, Goldman Sachs is forecasting fully franked dividends of US$1.42 (A$2.13) per share in FY 2024 and US$1.26 (A$1.89) per share in FY 2025. At current levels, this equates to dividend yields of 5%...

Are you seeking passive-income stocks that provide consistent dividends over the long term? While no company is entirely immune to financial challenges that might necessitate dividend cuts, certain firms are robust enough to be held for extended periods. For instance, Warren Buffett's investment in Coca-Cola in the late 80s has yielded a 60% return on his original purchase price to date. In this article, we explore four TSX dividend stocks that are worth considering for prolonged investment to secure passive income for life. Image Credit: Pexels Canadian National Railway (TSX:CNR) Canadian National Railway (CNR) is a standout Canadian dividend stock with a current yield of 2%. Although it doesn't offer the highest yield, its impressive historical dividend growth, averaging around 12% annually over the past five years, makes it a compelling choice. If this growth trajectory continues, today's investors could enjoy a significantly higher yield on cost in the future. CNR'...

Return on Equity (ROE) serves as a pivotal metric in evaluating a company's financial health and growth prospects. Nutrien ( TSX: NTR ) , a prominent player in the agricultural sector, has recently garnered attention with a 6.2% increase in its stock price over the past three months. This article delves into Nutrien's key financial indicators, particularly focusing on its ROE, to discern the underlying factors influencing its recent market performance. Image Credit: Pexels Understanding Return on Equity (ROE) ROE measures how effectively a company utilizes shareholders' equity to generate profits. The formula for ROE is straightforward: ROE = Net Profit / Shareholders' Equity For Nutrien, based on its trailing twelve months to March 2024, the calculated ROE stands at 3.5%. This figure highlights that for every dollar of shareholders' equity invested, Nutrien generates a profit of 3.5 cents. ROE and Earnings Growth ROE not only reflects profitability but also serves ...

Owning BHP Group Ltd ( ASX: BHP ) shares is popular for passive income, but it's not the only ASX dividend stock that can provide a sizeable dividend yield. The ASX mining share generates strong cash flow and usually decides on a generous dividend payout ratio, but we don't want to put all of our investment eggs in one basket. It is worthwhile to own a variety of businesses that can offer strong dividends. We believe that BHP's commodity diversification, including iron ore, copper, and potash, is a strong foundation, but the two stocks below could be useful additions. Image Credit: Pexels Coles Group Ltd (ASX: COL) Coles Group Ltd (ASX: COL) is one of the largest supermarket businesses in Australia. The company's defensive earnings profile makes it a reliable choice for income diversification. Everyone needs to eat, and Coles' ability to produce steady earnings could provide a more consistent dividend profile compared to BHP shares. Investing for passive income req...