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

ASX 200 set to rebound

The Australian share market looks set for a good session on Tuesday following a decent start to the week in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 43 points or 0.5% higher. In late trade on Wall Street, the Dow Jones is up 0.8%, the S&P 500 is up 0.95%, and the Nasdaq is 1.1% higher.

Oil prices sink

It could be a poor session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 4.75% to US$93.89 a barrel and the Brent crude oil price is down 2.7% to US$100.31 a barrel. This was driven by news that Donald Trump is pressuring allies to protect tankers in the Strait of Hormuz.

RBA meeting

Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) shares will be on watch on Tuesday when the Reserve Bank of Australia (RBA) makes its decision on interest rates. According to the latest cash rate futures, the market is pricing in a 71% probability of the RBA lifting the cash rate by 25 basis points to 4.1%.

Gold price softens

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a subdued session on Tuesday after the gold price softened overnight. According to CNBC, the gold futures price is down 0.85% to US$5,019.4 an ounce. Inflation fears have been weighing on the precious metal.

ASX 200 shares going ex-div

A number of ASX 200 shares are going ex-dividend today and could trade lower. This includes job listings company Seek Ltd (ASX: SEK), plumbing parts company Reece Ltd (ASX: REH), and debt collector Credit Corp Ltd (ASX: CCP). With respect to Seek, it will be rewarding its shareholders with a fully franked 27 cents per share interim dividend on 1 April.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

As we've reported, some of the biggest dividend increases among ASX mining shares this season came from the gold miners.

Next week, two of them go ex-dividend.

Ramelius Resources Ltd (ASX: RMS) shares will pay a fully-franked interim dividend of 3 cents per share on 15 April.

This exceeds the company's commitment to pay a minimum annual dividend of 2 cents per share for FY26.

Ramelius Resources reported a 13% increase in EBITDA to $347.7 million but a 6% fall in net profit after tax (NPAT) to $160 million.

The ASX gold share goes ex-dividend on Monday.

Capricorn Metals Ltd (ASX: CMM) shares will pay a maiden fully franked interim dividend of 5 cents per share.

The gold miner reported a 130% jump in underlying NPAT to $144.8 million for 1H FY26.

The ASX gold share also goes ex-dividend on Monday.

Here is a sample of the other ASX All Ords shares with ex-dividend dates next week.

ASX shares about to go ex-dividend

The post 26 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:

Credit Corp Group Ltd (ASX: CCP)

According to a note out of Morgans, its analysts have retained their buy rating on this debt collector's shares with a reduced price target of $19.35. This follows the release of Credit Corp's first-half results, which revealed profits that were 10% short of expectations. While disappointing, Morgans feels the selloff that followed, which dragged its shares 17% lower, was overdone and has created a buying opportunity for investors. The broker highlights that at just 7x estimated FY 2027 earnings, Credit Corp's valuation is undemanding. This is especially the case given that management has reiterated its guidance for FY 2026. The Credit Corp share price ended the week at $11.25.

NextDC Ltd (ASX: NXT)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $22.30 price target on this data centre operator's shares. Macquarie points out that Singtel and private equity firm KKR have acquired Singapore-based ST Telemedia Global Data Centres for approximately S$13.8 billion (A$15.5 billion). It estimates that this represents a 20x EV/EBITDA multiple, which is significantly greater than its 14.8x estimate for NextDC shares. In light of this, the broker continues to believe that NextDC shares are significantly undervalued at current levels, making now an opportune time for investors to open positions. The NextDC share price was fetching $12.71 at Friday's close.

ResMed Inc. (ASX: RMD)

Another note out of Morgans reveals that its analysts have upgraded this sleep disorder treatment company's shares to a buy rating with a $47.73 price target. Morgans was pleased with ResMed's performance in the second quarter of FY 2026. The broker highlights that its result was a beat across the board, with double-digit revenue and earnings growth, further gross margin expansion, and solid cash generation. In response to ResMed's operating leverage, the broker has lifted its earnings estimates and valuation slightly. And with its shares down materially from recent highs, Morgans thinks now is a good time to invest. The ResMed share price ended the week at $37.92.

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

To narrow things down, let's take a look at three shares that Morgans has been running the rule over this week. Does it rate them as buys, holds, or sells? Let's find out:

Credit Corp Group Ltd (ASX: CCP)

Morgans notes that this debt collector released a half-year result that was short of expectations. However, due to significant share price weakness, the broker thinks a buying opportunity has opened up. It is recommending Credit Corp shares as a buy with a trimmed price target of $19.35. It said:

CCP's 1H26 NPAT of ~A$44m (flat on the pcp) was ~10% under consensus/MorgE. Whilst guidance was reiterated, the compositional mix shift towards AU debt purchases for FY26 (revised upwards) and the lowering of US purchasing guidance (noting some increased competitive pricing) saw the stock close ~17% lower.

Operational efficiency/productivity has improved, however delivering on US divisional growth is key to our long-term investment thesis and a key catalyst. At ~7x FY27 PE (MorgE) the valuation appears undemanding. BUY maintained.

PLS Group Ltd (ASX: PLS)

This lithium miner's shares could be fully valued now according to Morgans. In response to its strong quarterly update, the broker has upgraded PLS shares to a hold rating with a $4.60 price target. It explains:

Strong 2Q26 with a material spodumene sales and revenue beat vs MorgansF and consensus expectations. Cash balance +12% qoq with total liquidity of ~A$1.6bn leaving significant flexibility to fund growth and consider shareholder returns.

Management is assessing the potential restart of the 200ktpa Ngungaju plant and other growth options in P2000 and Colina. Upgrade to HOLD (previously TRIM) on recent share price weakness with an unchanged A$4.60ps target price.

ResMed Inc. (ASX: RMD)

Morgans was impressed with the sleep disorder treatment company's second-quarter update, which came in ahead of expectations.

The broker has responded to the result by upgrading ResMed shares to a buy rating with a $47.73 price target. It said:

2Q beat across the board, with double-digit revenue and earnings growth, further gross margin expansion and solid cash generation. Sleep and respiratory sales were strong in both regions, with above-market growth in the Americas and ROW returning to market growth, while SaaS beat expectations, but remained subdued by residential care headwinds.

Operating leverage improved again, with gross margin gains from manufacturing and logistics efficiencies, and FY26 guidance tightened to 62-63% (from 61-63%), reinforcing confidence in ongoing margin progression. We adjust FY26-28 forecasts modestly and move to BUY with a A$47.73 target price, viewing recent share weakness unjustified given sound fundamentals.

The post Buy, hold, sell: Credit Corp, PLS, and ResMed shares appeared first on The Motley Fool Australia.

Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:

Credit Corp Group Ltd (ASX: CCP)

According to a note out of Morgans, its analysts have retained their buy rating on this debt collector's shares with a trimmed price target of $19.35. The broker notes that Credit Corp delivered a first-half profit result that was 10% short of expectations. It feels the selloff that ensued, which dragged its shares 17% lower, was overdone and created a buying opportunity for investors. It highlights that at just 7x estimated FY 2027 earnings, its valuation is undemanding. Especially with management reiterating its guidance for FY 2026. The Credit Corp share price is currently trading at $11.56.

Newmont Corporation (ASX: NEM)

Another note out of Morgans reveals that its analysts have upgraded this gold miner's shares to a buy rating with an improved price target of $190.00. The broker remains positive on the outlook of the gold price despite recent weakness and has upgraded its forecasts through to FY 2029. Morgans also highlights that Newmont is its favourite large cap gold miner. It likes Newmont due to its production growth, which it expects to support strong and growing cash generation for the near term. The Newmont share price is fetching $171.88 at the time of writing.

Xero Ltd (ASX: XRO)

Analysts at UBS have retained their buy rating and $174.00 price target on this cloud accounting platform provider's shares. According to the note, the broker appears pleased with Xero's investor update this week which focused on AI and its US growth opportunity. It highlights that its AI and US-based Melio payments businesses are expected to break even in FY 2028, which is ahead of its expectations. In light of this, the broker believes that the market is undervaluing the Melio business. It was also pleased to see management stress that its moat was resilient against AI disruption. Though, that hasn't stopped its shares from being sold off for that reason on Wednesday. The Xero share price is trading at $80.82 today.

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

Some shareholders saw that as a sign that it was time to head for the exits, selling the stock down from $14.28 last Friday to just $11.74 today.

But the team at Morgans have run their ruler over the result and believes the company has been oversold.

Steady as she goes

Firstl,y to the results, the company, which provides financial services to "the credit-impaired consumer segment'', said its US collections were up 23% on the previous corresponding period, and its loan book had grown 7% over the half year.

The net profit of $44.1 million "was in line with the prior year''.

The company also said it expected to have a stronger second half, with full-year net profit guidance reaffirmed as likely to be 6% to 17%.

Credit Corp Chief Executive Thomas Beregi said, despite generally mixed US economic data, the company had not experienced any deterioration in collection performance.

He said:

US debt collection outcomes, including payment arrangement delinquency, have not show any deterioration since mid-2023 despite a modest increase in unemployment over the same period.

In the Australia and New Zealand markets, the company said refreshed marketing and improved operational execution had produced record half-year loan volumes, with new customer volume up 25% on the same period last year.

Confident of a positive full-year result

The team at Morgans analysed Monday's result and said the $44.1 million net profit was about a 10% miss to consensus estimates.

They went on to say:

Despite full year guidance being reaffirmed in this result, the mix shift in ledger investment towards Australia whilst US investment was downgraded would have been a key area of concern for the market (notably the competitive tension around pricing), in our view.   

Despite this, given that Credit Corp retained its full-year guidance, Morgans made only minor changes to its forecasts for the company. While it lowered its price target to $19.35 from $21.50, this still represents an impressive 64.8% return if achieved.

Keep in mind that the company is also paying a trailing fully-franked dividend yield of 5.7%.

Morgans went on to say re the outlook:

Execution in the USA is required to return Credit Corp to delivering medium-term growth and improving investor sentiment more broadly. The management team has a solid long-term track record of execution and recent earnings and data points show improving delivery. We view improved execution along with a valuation de-rating from historic multiples as providing favourable risk reward.  

The post This financial stock could deliver better than 60% returns, one broker says 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 falling:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down 2% to 15.2 cents. This semiconductor company's shares have been under heavy selling pressure since the release of another disappointing quarterly update. Despite entering the commercialisation stage a few years ago, Brainchip revealed cash receipts of just US$0.4 million for the three months ended 31 December. Given that its market capitalisation is still $350 million, it wouldn't be surprising if the selling continues if there's no meaningful improvement in its sales.

Credit Corp Group Ltd (ASX: CCP)

The Credit Corp share price is down over 15% to $12.07. Investors have been selling this debt collector's shares following the release of its half-year results. Credit Corp posted a 4% increase in revenue to $283.6 million and flat net profit after tax of $44.1 million. Looking ahead, management believes it can still achieve its net profit after tax guidance range of $100 million to $110 million. Investors don't appear confident it will get there.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is down 3% to $6.00. This may have been driven by a broker note out of Macquarie Group Ltd (ASX: MQG). This morning, the broker downgraded the grain exporter's shares to a neutral rating (from outperform) with a reduced price target of $6.60 (from $8.30). Macquarie appears concerned that margins could remain under pressure in the near term, which could weigh on its earnings growth.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is down 12% to $14.25. This morning, Neuren Pharmaceuticals revealed that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has given a negative trend vote on its marketing authorisation application for trofinetide in the European market. Neuren's CEO, Jon Pilcher, commented: "Given the totality of experience with trofinetide in clinical trials and real world use over many years, this negative trend vote is frustrating for us and the Rett syndrome community in the EU. We fully support Acadia's intention to seek re-examination of the CHMP opinion in February, if necessary."

The post Why Brainchip, Credit Corp, Graincorp, and Neuren shares are falling today appeared first on The Motley Fool Australia.

Today's share price drop means Credit Corp's shares are now 13.2% lower for the year to date. They are also 18.81% below the trading price this time last year.

Credit Corp share price crashes on results day

Here's what the debt collection company posted this morning:

• Revenue up 4% to $283.6 million

• Net profit after tax (NPAT) flat at $44.1 million

• Dividends per share flat at 32 cents

What happened in H1 FY26?

Credit Corp posted a flat NPAT of $44.1 million for the first half of FY26. This was despite reporting a 4% increase in revenue, to $283.6 million, for the six-month period.

The debt collectors' US business reported the strongest growth, with revenue from its US debt buying segment up 25% to $73.7 million. Its NPAT also surged 63% to $11.7 million.

The company's overall results were dragged down by weaker results in its Australian and New Zealand segment. This business segment faced significant headwinds over the first half of the year.

Its Australian/NZ debt buying division and collection services saw revenue drop 6% to $108.1 million and NPAT decline 10% to $10.9 million. The business segment has suffered over the past few months after several issuers temporarily suspended debt book sales, which impacted the company's collection volumes.

The AU/NZ lending business segment reported a 4% increase in its revenue, to $101.8 million. But its NPAT fell 14% to $21.5 million. This was despite a 14% increase in total settled loans to $223.3 million.

"While the AU/NZ debt buying market remains competitive as buyers attempt to secure volume in a diminished post-COVID market, there are some early signs of increasing supply," the company said in a media release this morning. 

"Interest bearing credit card balances grew +12% over the half year. In time, this growth will likely be reflected in charge-offs and sale volumes."

Credit Corp said it would pay investors an interim dividend of 32 cents per share. This is unchanged from the FY25 interim dividend and "is consistent with the long-standing practice of paying out ~50% of earnings".

What's ahead for Credit Corp?

The business is still optimistic about the outlook for the full FY26 financial year. Credit Corp has kept its guidance unchanged. The company expects NPAT of $105 million, which sits in the middle of its $100 to $110 million guidance range.

The company projects that H2 of FY26 will deliver NPAT of $61 million, compared to $44 million in H1.

The post Credit Corp share price crashes 14% following H1 FY26 result appeared first on The Motley Fool Australia.

Both companies made statements to the ASX on Wednesday admitting that early-stage talks were underway.

Humm Group said in its statement that on November 19, the company "received a confidential, conditional, non-binding indicative proposal from Credit Corp to acquire 100% of the shares in the company''.

Confidential talks underway on ASX takeover bid

Humm Group said it had been in discussions with Credit Corp since the proposal was launched.

The company said Credit Corp was offering 77 cents in cash per Humm Group share, but if that offer was unsuccessful, Credit Corp would then launch an off-market takeover at 72 cents per share, "conditional upon Credit Corp achieving acceptances for 50.1% of Humm Group's shares''.

Humm Group added:

The Humm Group board, with the assistance of its financial and legal advisers, is carefully evaluating Credit Corp's proposal. Directors are committed to acting in the best interests of all Humm Group shareholders and are open to supporting a proposal that they believe represents appropriate value for shareholders. The board is prepared to work constructively with Credit Corp to see if a proposal can be developed that it is prepared to recommend for consideration by the shareholders.

The Humm Group board said it had told Credit Corp it was willing to engage on the proposal and had offered to provide the opportunity for it to conduct due diligence, with discussions ongoing about a suitable non-disclosure agreement to cover those talks.

No formal bid at this stage

The board added that the proposal was at this stage "non-binding and incomplete", and that "Credit Corp has expressly stated that the proposal does not constitute a proposal to make a takeover bid for the purposes of the Corporations Act''.

Humm Group shares shot 9.1% higher after the proposal was made public, trading at 72 cents. The company's shares have traded as high as 78 cents over the past year and as low as 43 cents.

Credit Corp shares on Wednesday were 1.3% lower at $13.76.

Humm Group said in the same statement that it had received a section 203D notice seeking to remove three of the company's directors from the board, although a resolution to call a meeting to move such a motion had not been filed.

Humm Group was valued at $330 million at the close of trade on Tuesday, while Credit Corp was valued at $948.9 million.

The post Fintech Humm Group is fielding a takeover offer at a 16% premium appeared first on The Motley Fool Australia.

Credit Corp shares closed up 0.9% on Friday, trading for $13.72 apiece. That sees shares in the debt collection company down 24.5% over 12 months.

Though those losses will be somewhat mitigated by the two fully franked dividends totalling 68 cents a share the company paid out over the full year. At Friday's closing price, that sees Credit Corp shares trading on a fully franked trailing dividend yield of 5.0%.

Now, here's why Macquarie expects a much stronger performance from Credit Corp shares in the year ahead.

ASX 200 dividend stock earns an upgrade

In a report released on Thursday, Macquarie upgraded Credit Corp shares to outperform after analysing the latest results from rival United States operating debt collection companies PRA Group and Encore Capital "to provide a read-through for CCP's US segment".

And those results have some promising implications for the ASX 200 dividend stock.

For Encore Capital's US segment, the broker said:

US purchases were +13% yoy, "capitalising on the ongoing attractive market opportunity…driven by ample portfolio supply. "

Collections: +25% yoy, supported by "deployment of new technologies, enhanced digital capabilities and continued operational innovation".

As for the outlook, Macquarie noted:

Encore raised FY25 global collections guidance to ~$2.55bn, +18% yoy. FY25 portfolio purchasing guidance to exceed the $1.35bn in 2024 is unchanged, as the US segment is set to surpass the $995m record level in 2024.

Supply: U.S. revolving credit remains near record levels, while the credit card charge-off rate increased to its highest level in more than 10 years in 2024 and still remains elevated. Lending and elevated charge-off rates continues to drive portfolio supply. U.S. consumer credit delinquencies, a leading indicator of future charge-offs, also remain near multi-year highs. "Purchasing conditions in the U.S. market remain highly favourable".

Turning to PRA Group's US segment Macquarie noted:

Purchases: 3Q25 purchases down 47% vs pcp, the 3rd consecutive qtr of declines as PRA are "more selective and maximising value".

Collections: US Core cash collections $310m, +16%, supported by 27% increase in legal collections following investment in the channel.

Outlook: Purchases guidance of $1.2bn (unchanged), vs $1.4bn in 2024.

Connecting the dots, Macquarie said, "Despite Macro uncertainty, operating performance and conditions support the outlook and the valuation is attractive."

The broker has a 12-month target price of $16.70 for the ASX 200 dividend stock. That represents a potential upside of 21.7% from Friday's closing price.

And it doesn't include those upcoming dividends.

The post Guess which ASX 200 dividend stock Macquarie just upgraded for expected gains of 22% appeared first on The Motley Fool Australia.

As we reported earlier today, overnight, the world's most-watched central bank cut the official federal funds rate by 0.25%. That brings the official US interest rate down to the new range of 4.0% to 4.25%.

But with the Fed's latest easing already baked into the markets, the S&P/ASX 200 Index (ASX: XJO) is following US stock markets and heading lower today. In afternoon trade, the ASX 200 is down 0.6%.

Which brings us to the 'Australian Equity Strategy' report from the team at Macquarie Group Ltd (ASX: MQG).

Particularly, to the ASX stocks the broker believes stand to benefit the most from lower interest rates.

"We think a resumption of Fed cuts will continue to favour stocks over bonds, cyclicals over defensives and growth over value," Macquarie said.

Which ASX stocks could catch interest rate tailwinds?

With interest rates in the US coming down, Macquarie said it's added ASX stocks with tech and AI exposure.

Namely, data centre operator and developer NextDC Ltd (ASX: NXT) and online job advertising company Seek Ltd (ASX: SEK).

Seek shares are bucking the wider selling pressure today, up 0.1% at $28.92 a share.

NextDC shares are up 1.5% at $18.01 a share.

Macquarie also said it's increasing its exposure to ASX growth stocks, "while reducing defensives, bond proxies and US housing, given [the] risk of higher yields".

Macquarie expects that jewellery retailer Lovisa Holdings Ltd (ASX: LOV) and travel company Web Travel Group Ltd (ASX: WEB) both stand to benefit from lower interest rates.

The broker also pointed to a basket of cyclicals with US exposure that it said, "should benefit from renewed Fed cuts and stronger US growth, although partly offset by a weaker USD".

Macquarie said that ASX stocks that could benefit include:

• Payments giant Block Inc (ASX: XYZ)
• Gaming technology company Aristocrat Leisure Ltd (ASX: ALL)
• Gaming development company Light & Wonder Inc (ASX: LNW)
• Electrical appliance manufacturer Breville Group Ltd (ASX: BRG)
• Auto listings company CAR Group Ltd (ASX: CAR)
• Travel company Flight Centre Travel Group Ltd (ASX: FLT)
• And debt collection company Credit Corp Group Ltd (ASX: CCP)

And let's not forget gold.

As gold pays no yields itself, the gold price tends to perform better in low and falling interest rate environments, as do ASX gold stocks.

"Gold stocks have been strong outperformers since the Fed started to ease, and we think that continues," Macquarie said.

The broker believes that both Northern Star Resources Ltd (ASX: NST) and Newmont Corp (ASX: NEM) are well-placed to benefit from lower rates.

The post These are the ASX stocks Macquarie expects to benefit from the Fed's interest rate cuts appeared first on The Motley Fool Australia.

With the August reporting season in the rearview mirror, dozens of companies have ex-dividend dates next week.

Here's a sample of the ASX shares going ex-dividend soon.

23 ASX shares going ex-dividend next week

How to make ex-div dates work for you

To receive an ASX company's next dividend, you must buy or already own the shares before the ex-dividend date.

If you're interested in buying a stock trading cum dividend, you have two options.

Buy it before the ex-dividend date, and earn a quick return with the upcoming dividend payment.

Alternatively, buy the stock on its ex-dividend date, when it will likely trade lower because the dividend entitlement is no longer attached.

We've seen examples of this recently, with CSL Ltd (ASX: CSL) shares dropping 2.15% on their ex-dividend date.

TV network owner Nine Entertainment Co Holdings Ltd (ASX: NEC) plummeted 36% yesterday after going ex-dividend, too.

Sometimes there are exceptions, like we are seeing with WiseTech Global Ltd (ASX: WTC) shares today.

The post 23 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

S&P Dow Jones Indices has announced its next quarterly rebalance, effective 22 September.

Tech share Macquarie Technology Group Ltd (ASX: MAQ) will also depart, as will cancer biotech Clarity Pharmaceuticals Ltd (ASX: CU6).

You can find out which shares will enter the ASX 200 index on 22 September here.

What is an index rebalance?

Every three months, the S&P Dow Jones Indices team updates the composition of Australia's leading indices.

Rebalances ensure our indices accurately reflect the performance of the nation's largest companies by market capitalisation.

Indices provide a consistent way to measure the market's performance and monitor its momentum over any given period of time.

The ASX 200 is the benchmark index for the Australian share market.

What will happen to the stocks that drop out of the ASX 200?

Being part of the ASX 200 gives a company a bit of extra prestige.

Dropping out of the index indicates the company is not doing as well as before.

Leaving the ASX 200 can have tangible effects on a stock's price.

One reason is that many exchange-traded funds (ETFs) and managed funds are designed to track the ASX 200.

This means fund managers must adjust their holdings at each rebalance, selling ASX shares that are dropped and buying those added.

This often leads to extra trading activity around the rebalance date, which may influence a stock's price.

Rebalances have greater significance than ever before due to the rising popularity of ASX ETFs.

Betashares data shows Australians invested a record $5.28 billion into ASX ETFs in July alone.

The ASX ETF industry now has a record $289.2 billion in funds under management.

With so much money invested in ETFs, the rebalances can directly affect the passive investment support for individual stocks.

Aussies love ETFs because they're diversified investments that are purchasable in a single trade for one brokerage fee.

Most ETFs follow an index, which means they are very cheap to run, resulting in low ongoing management fees for investors.

9 ASX shares about to leave the ASX 200

Here are the stocks that will be exiting the ASX 200 in the next rebalance.

The post 9 ASX shares including Nuix and PolyNovo dumped from ASX 200 appeared first on The Motley Fool Australia.

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

ASX 200 expected to fall

The Australian share market looks set to start to the week in the red following a poor finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 15 points or almost 0.2% lower. In the United States, the Dow Jones was down 0.5%, the S&P 500 fell 0.3% and the Nasdaq dropped slightly.

Oil prices tumble

It looks set to be a poor start to the week for ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices tumbled on Friday night. According to Bloomberg, the WTI crude oil price was down 2.5% to US$61.87 a barrel and the Brent crude oil price was down 2.2% to US$65.50 a barrel. This follows news that OPEC has agreed to boost its output in October to regain market share.

ASX 200 shares going ex-dividend

A number of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes insurance broker AUB Group Ltd (ASX: AUB), investment platform provider Hub24 Ltd (ASX: HUB), salary packaging company Smartgroup Corporation Ltd (ASX: SIQ), and retail conglomerate Super Retail Group Ltd (ASX: SUL). The latter is rewarding its shareholders with a fully franked final dividend of 64 cents per share next month on 16 October.

Gold price charges higher

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price charged higher on Friday night. According to CNBC, the gold futures price was up a further 1.3% to US$3,653.3 an ounce. Weak US jobs data fuelled rate cut bets and drove the gold price to a record high.

DroneShield to join the ASX 200

DroneShield Ltd (ASX: DRO) shares will be on watch on Monday after the high-flying counter drone technology company was added to the ASX 200 index at the September quarterly rebalance. It is one of nine shares joining the index when the market opens on 22 September. Heading out of the index are the likes of Credit Corp Group Ltd (ASX: CCP), Nufarm Ltd (ASX: NUF) and Polynovo Ltd (ASX: PNV).

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The forward P/E shows how expensive or cheap an ASX share is relative to the company's expected earnings over the next 12 months.

A forward P/E of 20x, for example, means investors are willing to pay $20 for every $1 of anticipated profit.

Macquarie says the S&P/ASX 300 Industrials Index currently has a P/E of 20.1x, which is equal to its post-COVID boom high.

(This index excludes the more volatile energy sector and the mining and metals segment of the materials sector.)

Macquarie says the ASX average P/E is high because interest rate cuts around the world have brought new liquidity into global markets.

So, how do you identify ASX 200 shares that offer good value in an environment like this?

10 ASX 200 shares with P/Es below the market average

In the earnings season wash-up, top broker Macquarie has identified several ASX 200 shares now trading on lower forward P/Es than the market average.

This could make them attractive buys for value-focused investors.

To help us better understand each stock's current P/E, Macquarie has published both the forward P/E and the standard deviation for each.

The standard deviation indicates how far the forward P/E is from an ASX share's historical average.

A low standard deviation indicates the stock is trading close to its typical P/E.

A high standard deviation suggests it's unusually expensive or cheap relative to its history.

CSL Ltd (ASX: CSL)

The CSL share price has fallen to a 6-year low following the release of the company's FY25 report last month.

CSL shares closed at $208.37 on Tuesday, down 0.9%.

According to Macquarie's data, the market's largest ASX 200 healthcare share now has a forward P/E of 19.1x.

This P/E is well below CSL's historical norm, sitting 2.3 standard deviations lower than usual.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price closed 1.13% higher at $11.62 on Tuesday.

The ASX 200 blue-chip airline share has a forward P/E of 9.4x.

While this is below the broader market average of 20.1x, it's 0.5 standard deviations above the historical norm for Qantas shares.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price closed 0.27% lower at $33.48 yesterday.

The ASX 200 blue-chip bank share has a forward P/E of 15.1x.

While that's lower than the market average, it's 2.8 standard deviations higher than the stock's historical norm.

AGL Energy Limited (ASX: AGL)

The AGL share price closed 0.72% lower at $8.22 on Tuesday.

This ASX 200 utilities share has a forward P/E of 9.3x.

That's 2.3 standard deviations below AGL's historical norm.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price closed 0.23% higher at $8.78 on Tuesday.

This ASX 200 blue-chip financial share has a forward P/E of 19.5x.

While that's lower than the market average, it's 1.5 standard deviations higher than IAG's long-run norm.

AMP Ltd (ASX: AMP)

The AMP share price closed 0.6% lower at $1.67 on Tuesday.

This ASX 200 financial share has a forward P/E of 14.9x.

While that's lower than the market average, it's 0.7 standard deviations higher than AMP's historical norm.

Amcor CDI (ASX: AMC)

The Amcor share price closed at $13.16 on Tuesday, up 0.38%.

This ASX 200 materials share has a forward P/E of 10.4x.

That's vastly below its long-term average, sitting 3.3 standard deviations lower.

Credit Corp Group Ltd (ASX: CCP)

The Credit Corp share price closed 0.55% lower at $16.19 on Tuesday.

This ASX 200 financial share has a forward P/E of 10.5x.

That's well below its historical norm, sitting 1.2 standard deviations lower.

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon shares finished the session yesterday at $3.22, up 0.31%.

This ASX 200 industrial share has a forward P/E of 13.1x.

That's well below its historical norm, sitting 1 standard deviation lower.

IPH Ltd (ASX: IPH)

IPH shares closed at $4.38 yesterday, down 1.79%.

This ASX 200 industrial share has a forward P/E of 9.4x.

That's far beneath its historical norm, sitting 2.5 standard deviations lower.

The post 10 ASX 200 shares trading below the market average P/E ratio today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

That's because they have just been named as buys by analysts at Morgans. Here's what they are recommending to clients:

Credit Corp Ltd (ASX: CCP)

The team at Morgans believes that this debt collector's shares are still undervalued despite rocketing higher since the release of a strong full year result.

The broker has put a buy rating and $21.50 price target on its shares. It commented:

CCP's FY25 NPAT of A$94.1m, +16% on pcp, was inline. The upper-end of FY26 NPAT guidance of A$100-110m (mid-point +12%) was above consensus expectations. CCP's guidance reflects management's incremental confidence in the US operations and growth path. CCP's FY26/27 growth outlook is reliant on strong growth being delivered from the US.

The investment pipeline is more secure and diverse; and operational efficiency has improved. Group guidance implies >40% US segment growth in FY26. Execution in the US looks to be on track, with incremental investment in Lending and stabilised domestic earnings. Continuing to deliver earnings momentum in the US is the key catalyst. We view the valuation as undemanding.

ResMed Inc. (ASX: RMD)

Morgans was impressed with another strong result from ResMed last week. It notes that the sleep disorder treatment company delivered a result ahead of expectations.

In light of this, the broker has reaffirmed its accumulate rating with an improved price target of $47.86. It said:

4Q results were above expectations, with high-single digit revenue growth, expanding operating leverage, and strong operating cash flow. Sleep and respiratory sales were solid, with resupply and new patient set-ups supporting Americas mask growth, while ROW tracked the market and residential care software sales surprised to the upside posting high-single digit gains.

GPM continues to expand, underpinned by procurement gains, manufacturing efficiencies and favourable FX, while OPM grew on good cost control. Notably, FY26 GPM is pegged at 61-63% (200bp at mid-point yoy), highlighting management's confidence in a solid outlook, with strong cash flow supporting growing dividends and share buy backs, we continue to view the fundamentals as sound and the company in a strong position.

SKS Technologies Group Ltd (ASX: SKS)

Another ASX share that Morgans is positive on is SKS Technologies. It specialises in the design and installation of electrical, audio visual, and communication networking solutions.

Morgans notes that SKS technologies has pre-released its results and revealed strong growth in FY 2025. In light of this, the broker has reaffirmed its buy rating with an improved price target of $2.75. It said:

SKS recently pre-reported FY25 revenue of $259.5m (+90% vs FY24), in line with guidance. The group also delivered better than expected operating leverage for FY25, delivering PBT of $20.8m, +15% ahead of MorgF $18.2m (PBT margin 8%). We see SKS' margins as sustainable as the group continues to scale and rebase our forecasts for this new PBT margin baseline, driving ~15% PBT upgrades in FY25-27F. We retain our BUY rating with a revised PT of $2.75/sh (from $2.30/sh).

The post Morgans names 3 ASX shares to buy now appeared first on The Motley Fool Australia.

Shares in the S&P/ASX 200 Index (ASX: XJO) debt collection company closed up a whopping 16.2% on Tuesday, trading for $17.73 apiece.

As we head into the lunch hour today, shares are up another 0.6%, changing hands for $17.84 each.

That means brave investors who followed Warren Buffett's advice to be greedy when others are fearful and bought Credit Corp shares at their one-year lows of $11.74 on 9 April will be sitting on gains of 52.0% today.

Taking a step back, the shares in the ASX 200 debt collector are up 18.5% since this time last year.

Although that doesn't include the 68 cents a share in fully franked dividends Credit Corp paid out over the full year.

At the current share price, that sees the stock trading on a fully franked dividend yield (part trailing, part pending) of 3.8%.

The final dividend of 36 cents per share is still up for grabs. If you'd like to score that passive income, you'll need to own shares at market close on 12 September. Credit Corp stock trades ex-dividend on 15 September.

We'll take a look at what Macquarie Group Ltd (ASX: MQG) forecasts for the ASX 200 stock following yesterday's big run higher in a tick.

But first…

What sent Credit Corp shares soaring on Tuesday?

ASX investors sent Credit Corp shares flying higher yesterday following the company's full-year FY 2025 results.

Highlights included a 5% year-on-year increase in revenue to $545.6 million and a 16% increase in net profit after tax (NPAT) to $94.1 million.

This enabled management to boost Credit Corp's full-year dividend payout by 79% to 68 cents per share.

Commenting on the results that sent Credit Corp shares surging, CEO Thomas Beregi said:

We have diversified our purchasing across a range of sellers while focusing on lower balance products to improve cash conversion metrics and shorten the duration of our US book while conditions remain uncertain.

Looking ahead, the company provided FY 2026 guidance for NPAT in the range of $100 million to $110 million.

What's Macquarie's forecast for the ASX 200 stock now?

Following Tuesday's outsized gains, Macquarie has a neutral rating on the ASX 200 debt collector.

The broker said, "We believe the current share price captures the earnings outlook for the group, with a higher multiple (20x NPAT) applied to the US PDL [payday loan] segment to reflect the growth potential."

Macquarie has a 12-month price target of $18.23 on Credit Corp shares.

That implies a potential upside of 2.2% at the time of writing, not including those upcoming FY 2026 dividends.

The post Credit Corp shares surged 16% on Tuesday. Here's what Macquarie forecasts now appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.