Earlier today, I looked at three simple steps to building a million-dollar ASX share retirement portfolio.
With that in mind, let's now take a look at a couple of ASX 200 stocks that could be worth considering as candidates for this portfolio. They are as follows:
Macquarie Group Ltd (ASX: MQG)
The team at Morgans sees this ASX 200 investment bank stock as a top option for investors.
The broker likes Macquarie due to its attractive valuation and positive long-term outlook. The latter is being underpinned by its exposure to structural growth markets and market share gains in home loans. It said:
We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.
Morgans has an add rating and $194.40 price target on the company's shares.
In addition, the broker is forecasting dividend yields of 3.5% and 3.7% in FY 2024 and FY 2025, respectively.
Woolworths Limited (ASX: WOW)
Another ASX 200 stock that could be a good option for a retirement portfolio is Woolworths. It is Australia's largest Woolworths supermarket chain, as well as the owner of Big W and a growing pet care business.
Goldman Sachs sees Woolworths as a share to buy right now. In fact, it is so positive it has the company on its conviction list. This is due to its dominant market position and belief that more market share gains are coming. The broker said:
We are Buy rated (on Conviction List) on the stock as we believe the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage, as well as pass through any cost inflation to protect its margins, beyond market expectations.
Goldman has a conviction buy rating and a $42.90 price target on the company's shares. Its analysts are also forecasting fully franked dividend yields of 3% in FY 2024 and 3.3% in FY 2025.
