Experts name 3 ASX 200 juggernauts to buy today

Leading investment experts rate these three ASX 200 companies as ones to buy today.

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Key points

  • Macquarie is poised for a potential rally with technical indicators suggesting a positive trend, making it a top buy according to Fairmont Equities' Michael Gable.
  • Dexus, with a 5% dividend yield, is expected to benefit from a brighter FY 2026 due to stabilising property trends and value below net tangible assets, as highlighted by Toby Grimm of Baker Young.
  • South32, recommended by Grimm, stands out despite recent underperformance, with strategic shifts like the Sierra Gorda copper mine and exposure to high silver prices offering attractive investment potential.

Looking to add a few powerhouse S&P/ASX 200 Index (ASX: XJO) stocks to your investment portfolio?

You've come to the right place.

Below we look at three large-cap stocks tipped as top buys by leading investment experts (courtesy of The Bull).

ASX 200 financial juggernaut

First up, we have diversified financial stock Macquarie Group Ltd (ASX: MQG), which commands a market cap of $79.1 billion at current prices.

Macquarie shares trade on a 3.2% partly franked dividend yield but have slipped 10.8% over the past 12 months.

Looking ahead, however, Fairmont Equities' Michael Gable expects a better performance from this ASX 200 company.

"MQG shares are displaying technical characteristics which suggest the stock is about to rally to new highs," said Gable, who has a buy recommendation on Macquarie shares.

According to Gable:

After bouncing off the April low of around $170, MQG climbed to a closing price of $229.02 on July 2, which was below a high of about $240 in January. Since late June, the stock has traded in a sideways range. Consolidating under the old high is a positive sign as it means new buyers are stepping up to meet the price of sellers.

Once the selling pressure subsides, we expect MQG to rally strongly into calendar year 2026.

Which bring us to the second ASX 200 stock you may want to buy today, Australian property investor, developer, and manager Dexus (ASX: DXS).

Dexus shares trade on a 5% unfranked dividend yield and are up 4.1% over the past year, giving the company a market cap of $7.9 billion.

And Baker Young's Toby Grimm forecasts a brighter FY 2026 for the company.

"Dexus is an Australasian real estate group. It manages quality real estate and an infrastructure portfolio," said Grimm, who has a buy rating on Dexus shares.

Grimm said:

The outlook for fiscal year 2026 looks brighter as potentially falling global interest rates and real asset price inflation combine to spark an office property recovery supported by stabilising occupancy trends.

The stock was recently trading more than 10% below net tangible asset backing. We see attractive value around current levels for capital growth and income given the expected near 5% distribution yield.

Don't forget the big ASX miners

Also earning a buy recommendation from Grimm this week is Aussie mining giant South32 Ltd (ASX: S32), with a current market cap of $14.4 billion.

The ASX 200 miner trades on a fully franked 2.9% dividend yield, with shares down 10.8% over 12 months.

"Having underperformed the ASX 200 materials sector by almost 20% over the past year, South32 looks relatively attractive, particularly given changes within the company's strategic focus and project portfolio," Grimm said.

He noted:

The exit of legacy Illawarra coal assets has funded the repayment of debt amid investment in far more appealing projects, such as the Sierra Gorda copper mine in Chile and the Hermosa project suite of zinc, lead, battery grade manganese and copper in the US state of Arizona.

Meanwhile, the Cannington mine offers meaningful exposure to record silver prices. Returns from its core alumina and aluminium business appear set to improve on the back of higher metal prices.

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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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