Among the 11 market sectors, energy is in the lead today, up 2.9%, while materials is the laggard, down 2.3%. 

Meanwhile, on The Bull, three experts give us their views on three ASX 200 shares.

Let's check them out.   

Resmed CDI (ASX: RMD)

Resmed shares are $31.37 apiece, down 0.2% on Wednesday.

The Resmed share price fell 26.6% to $28.88 in FY26 amid a broader healthcare sector downturn.

Blake Halligan from Catapult Wealth has a buy rating on this ASX 200 healthcare share.

Halligan said:

ResMed is a global leader in sleep apnoea devices and digital health platforms, benefiting from strong structural demand and resilient clinical positioning.

Despite the progression in GLP-1 therapies for treating sleep apnoea, ResMed's CPAP (continuous positive airway pressure) treatments remain superior at this point in time.

RMD continues to offer appealing growth, income and defensive healthcare exposure.

Goodman Group (ASX: GMG)

The Goodman Group share price is $30.07, down 2% today.

Goodman Group shares fell 9.1% in FY26 and finished the year at $31.13 on 30 June.

Remo Greco from Sanlam Private Wealth has a hold rating on this ASX 200 real estate investment trust (REIT).

Greco said: 

Goodman Group is a global industrial property and data centre developer. Data centres under construction represent 73 per cent of work in progress, according to the company's third quarter update in fiscal year 2026.

In our view, GMG trades at an elevated valuation, reflecting a lot of potential growth options for the business. The shares have risen from $25.08 on March 30 to trade at $30.645 on July 2.

Investors can continue holding the stock after a recent strong share price performance, but should monitor the news flow to gauge if developments are meeting investor expectations.

Endeavour Group Ltd (ASX: EDV)

Endeavour shares are $3.41 apiece, up 1.6% today.

The Endeavour share price fell 19% to close out FY26 at $3.25 on 30 June.

James Bills from Shaw and Partners has a sell rating on this ASX 200 consumer staples share. 

Bills said: 

Endeavour operates liquor outlets, hotels and gaming facilities. It's navigating a more challenging consumer environment amid cost pressures in fiercely competitive sectors.

While the company has a strong asset base and market position, we believe near term performance is likely to remain subdued.

With limited catalysts for a re-rating, the stock lacks appeal at this stage of the cycle, in our view.

The shares have fallen from $4.04 on March 2 to trade at $3.375 on July 2.

The post Buy, hold, sell: Goodman Group, Endeavour, Resmed shares appeared first on The Motley Fool Australia.

Now the two S&P/ASX 200 Index (ASX: XJO) stocks have delivered widely different returns over the past year, which leads to different reasoning behind those sell recommendations.

For example, ASX 200 lithium stock PLS– formerly known as Pilbara Minerals – has been on a tear amid surging global lithium prices.

On Monday afternoon, PLS shares were trading for $5.15 apiece. That sees the share price up an eye-popping 254.8% over 12 months.

As for Endeavour, shares in the ASX 200 liquor outlets, hotels and gaming venue owner and operator were changing hands for $3.34 each on Monday. This puts the Endeavour share price down 19.7% over 12 months.

Now I should note that Endeavour did pay 17.1 cents a share in fully franked dividends over the past year. Endeavour shares trade on a fully franked trailing dividend yield of 3.3%.

But that's not keeping the ASX 200 stock from joining PLS shares on the chopping block.

Time to sell PLS shares?

Catapult Wealth's Blake Halligan recently analysed the outlook for the ASX lithium producer (courtesy of The Bull).

"PLS Group is a leading Australian lithium producer focused on spodumene concentrate," he said.

Commenting on the recent strong run higher in PLS shares, Halligan noted:

Over the past three months, sentiment has been driven by a sharp rebound in spot spodumene prices and improving earnings expectations. Stronger spodumene prices are triggering global supply re-starts and expansions.

But following on the big share price gains, Halligan believes investors would do well to take profits on the lithium stock.

He concluded, "The company's valuation already reflects elevated prices amid supply growth potentially adding pressure on margins."

Which brings us to…

Time to exit Endeavour shares?

Atop selling PLS shares investors also might want to consider unloading Endeavour shares.

That's according to Shaw and Partners James Bills.

"Endeavour operates liquor outlets, hotels and gaming facilities," Bills said.

"It's navigating a more challenging consumer environment amid cost pressures in fiercely competitive sectors.," he noted.

Summarising his sell recommendation on Endeavour shares, Bills concluded:

While the company has a strong asset base and market position, we believe near term performance is likely to remain subdued. With limited catalysts for a re-rating, the stock lacks appeal at this stage of the cycle, in our view. The shares have fallen from $4.04 on March 2 to trade at $3.375 on July 2.

The post Sell alert! Why these experts are calling time on Endeavour and PLS shares appeared first on The Motley Fool Australia.

It was a fairly horrid end to the trading week for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Friday. After investors' mood seemed to sour over yesterday's session, it curdled even further today, with the ASX 200 falling by a nasty 0.92% by the end of trading.

That leaves the index at 8,828.7 points as we head into the weekend.

This rough end to the trading week for ASX investors follows a far more pleasant session for the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) was a little timid, rising by 0.14%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was more decisive, though, shooting up 1.91%.

But let's return to the ASX now and take a closer look at what was going on amongst the various ASX sectors in today's tough trading conditions.

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

It was a bit of a wild session for the ASX 200 today, with the index dipping into the red at one point. But investors regained their optimism, and the index finished 0.57% higher at 8,653.3 points.

This successful session for Australian investors comes after a mixed night on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising by 0.17%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, dropping a chunky 0.97%.

But let's return to the local markets now and dive a little deeper into what the different ASX sectors were up to today.

Winners and losers

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

After opening sharply lower compared to yesterday's close, the ASX 200 remained in red territory all session and ended up closing down 1.13%. That leaves the index at 8,686.1 points.

This tough day on the local bourse for Australian investors came after a similarly bearish session on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in a foul mood, dropping 1.21%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't much better, falling 0.89%.

But let's return to ASX shares now and take a look at how today's tough trading conditions percolated down into the different ASX sectors today.

Winners and losers

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

Data shows 124 ASX 200 companies are in the red today.

This includes a hefty 3.7% share price decline for the market's largest listed company, BHP Group Ltd (ASX: BHP).

Meanwhile, several brokers have lifted their ratings on select ASX shares this week.

Let's take a look.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $2.98, up 3.7% today and down 19% in the calendar year to date (YTD).

Last week, Endeavour unveiled a strategy involving $300 million in cost savings by FY29, including $100 million in FY27.

The group wants to strengthen Dan Murphy's price leadership, modernise BWS' digital experience, and lift its hotels performance. 

Endeavour will divest non-core assets, including most of its winery and vineyard portfolio.

The group also lowered its dividend payout ratio to a range of 50% to 75% of underlying net profit after tax (NPAT).

Citi upgraded the ASX 200 consumer discretionary share to a buy rating on Wednesday.

However, the broker reduced its 12-month price target from $3.45 to $3.25.

This still implies a potential near-10% upside ahead.

BHP Group Ltd (ASX: BHP)

The BHP Group share price is $62.51, down 3.7% today, and up 40% over six months.

Germany's DZ Bank AG upgraded the ASX 200 mining share to a hold rating this week.

DZ Bank has a $65 price target on BHP shares.

This suggests that only 4% upside is left for the next 12 months.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $5.09, up 2% today, and down 38% over six months.

Jarden upgraded the ASX 200 consumer staples share to a hold rating on Tuesday.

The broker lowered its price target from $5.50 to $5.40.

This implies potential capital growth of 6% over the next year.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is $11.16, down 1.4% today.

Over the past month, this ASX 200 technology share has lifted 22%.

Morgan Stanley upgraded Dicker Data shares to a buy rating this week.

The broker raised its 12-month price target from $10.30 to $11.

This implies the tech stock is fully valued today.

Nufarm Ltd (ASX: NUF) 

The Nufarm share price is $2.87, up 0.7% on Thursday and up 24% YTD.

UBS upgraded the chemical and seed technology company to a buy rating this week.

Following Nufarm's FY25 results, the broker lifted its target on the ASX 200 agriculture share from $2.80 to $3.50.

This suggests a 22% upside is on the way.

Sims Ltd (ASX: SGM)

The Sims share price is $27.68, down 2.5% today and up 52% YTD.

Morgan Stanley upgraded Sims shares to a hold rating on Monday.

The broker has a $24 target, implying a 13% downside over the next 12 months.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is 80 cents, down 0.6% today and down 32% over the past month.

Morgans upgraded the ASX 200 consumer discretionary share to a buy rating this week.

The broker said:

Following the announcement of AUSTRAC's investigation this month, the TAH share price has fallen approximately 37%.

While we expect the investigation to remain an overhang for the foreseeable future, at these levels the stock appears materially undervalued.

Current trading conditions remain supportive in our view and position the company well for a strong upcoming result, despite inherent uncertainty surrounding the scope of the investigation and the quantum of potential penalties.

Morgans has a share price target of $1.07, implying 34% potential capital growth ahead.

The post 7 ASX shares attracting upgraded ratings this week appeared first on The Motley Fool Australia.

That's because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors.

If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.

Conversely, if they are selling, it could be a sign that they think the shares are fully valued. After all, you would be reluctant to sell if you thought they were worth more.

With that in mind, listed below are three ASX 200 shares that have reported meaningful insider activity recently. They are as follows:

CSL Ltd (ASX: CSL)

The CEO of CSL appears to believe the beaten down biotech giant's shares are good value at current levels.

According to a recent change of director's interest notice, Gordon Naylor was buying shares on market on 26 May. The company's leader snapped up a total of 1,100 CSL shares for a total consideration of $107,800. This equates to an average of $98.00 per share, which is a premium to what investors can pay on the market today ($92.86).

CSL shares are down around 45% since the start of the year.

Endeavour Group Ltd (ASX: EDV)

Another beaten down ASX 200 share that has reported insider buying is drinks giant Endeavour Group.

Two of the Dan Murphy's and BWS owner's executives have been buying shares recently.

Earlier this week, Endeavour's independent non-executive director, Penny Winn, bought 26,165 shares through an on-market trade. She paid a total of $75,054.79, which represents a price of $2.8685 each.

Late last week, fellow independent non-executive director, Michael Ihlein, snapped up a sizeable 88,000 Endeavour shares for a total consideration of $250,800.

Endeavour shares are down around 20% since the turn of the year.

PLS Group Ltd (ASX: PLS)

The CEO of this lithium giant has been selling shares recently.

Last week, Dale Henderson sold a total of 627,500 PLS shares for a consideration of $4,032,145.60. This represents an average sale price of approximately $6.43 per share, which compares favourably to its current share price of $6.29.

The notice advises that the on-market share sale by Henderson was "for tax obligations and portfolio rebalancing purposes."

It also highlights that following completion of the transaction, Henderson will continue to hold approximately 2.8 million shares and vested but unexercised performance rights in the company.

PLS shares are up 425% over the past 12 months.

The post 3 ASX 200 shares reporting major insider buying and selling appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Chrysos Corporation Ltd (ASX: C79)

The Chrysos share price is up 2.5% to $6.15. Investors have been buying this mining technology company's shares after it announced the successful refinancing of its corporate facilities. Chrysos has agreed a new three-year $200 million syndicated facility with three domestic financiers. Management notes that this moves it away from an existing asset-based financing debt structure to a corporate-style facility designed to provide operational flexibility and support the development, production and funding of PhotonAssay units in numerous jurisdictions around the world. Chrysos CEO, Dirk Treasure, commented: "We are pleased to have this facility in place to support the Company's continued growth and accelerating deployment cadence. Continued adoption of PhotonAssay is driving strong demand across multiple regions, reflected in the additional four contracts signed with laboratories since our last update."

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is up 3% to $2.96. This appears to have been driven by a broker note out of Citi. According to the note, the broker has upgraded the drinks giant's shares to a buy rating with a trimmed price target of $3.25. Citi believes Endeavour could win market share based on its scale and price leadership strategy.

Racura Oncology Ltd (ASX: RAC)

The Racura Oncology share price is up 3.5% to $2.60. This morning, the biopharmaceutical company revealed that a specialist institutional investor focused on emerging healthcare companies has made an investment. The investor has provided a binding commitment to subscribe for 526,315 fully paid ordinary shares in Racura at an issue price of $1.90 per share. This represents a 23% discount to the average market price as of 3 June.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is up 10% to $4.54. This follows the release of the wine giant's investor day update. The Penfolds owner's Ascent strategy will focus on the brands and markets where it believes it can win, while cutting costs, simplifying operations, reshaping its supply chain, and strengthening its balance sheet. Treasury Wine revealed that it is targeting $100 million per year in cost reductions, which are expected to be fully realised by FY 2029.

The post Why Chrysos, Endeavour, Racura, and Treasury Wine shares are racing higher today appeared first on The Motley Fool Australia.

The drinks retailer and hotels operator is up 5.58% to $3.03 at the time of writing, even as the broader market trades lower.

By contrast, the S&P/ASX 200 Index (ASX: XJO) is down 1.17% to 8,683 points.

The move comes after a rough stretch for the owner of Dan Murphy's and BWS, with the stock still down around 11% over the past month.

Over 12 months, Endeavour shares are still about 27% lower.

Why investors are buying today

The latest buying appears to be tied to a broker upgrade, with Citi moving Endeavour to a buy rating after the stock's recent fall.

Citi analyst Sam Teeger sees room for Endeavour to claw back market share under new management.

Endeavour owns Dan Murphy's and BWS, giving it a large position in the Australian liquor market. But the company has been under pressure as shoppers watch their spending more closely and competitors fight harder for sales.

Citi appears to believe a more price-led approach could help the company win back some ground from Coles Group Ltd (ASX: COL) and independent rivals.

But after a tough run, it hasn't taken much to bring some buyers back. The stock was already trading near depressed levels, so the latest broker news gave investors a reason to look again.

Target price still moves lower

Even with the upgrade, Citi is not ignoring the work still ahead.

The broker reportedly cut its target price by 6% to $3.25, with higher capital expenditure and lower gaming and hotel peer multiples weighing on the valuation.

Endeavour is still trying to reset the business after a difficult period. Last week, the company outlined plans to reduce complexity, improve returns, and lower capital expenditures following a heavy investment phase.

It is also targeting at least $100 million in cost savings in FY27.

But investors will want to see those savings materialise without the company losing further sales momentum.

Coles could be a catalyst

Coles could also play a role in how the market views Endeavour from here.

Citi reportedly flagged the August Coles result as a key event, with Coles weighing up whether to reduce its big-box liquor store network by about 10%.

The liquor market remains tough, and shoppers are still sensitive to prices. But if Endeavour can regain some momentum while controlling costs, the share price may have more room to recover.

Foolish Takeaway

Today's rally is a welcome change for shareholders, but it doesn't undo the damage from the past year.

Endeavour shares remain well below where they were 12 months ago, and the company still needs to prove its reset can lift performance.

The post This beaten-down ASX 200 stock just jumped 5%. Is the market too negative? appeared first on The Motley Fool Australia.

Let's see if the broker is bullish or bearish on these names. Here's what it is saying:

ASX Ltd (ASX: ASX)

Morgans was disappointed to see this stock exchange operator provide cost and capital expenditure guidance that was significantly higher than expected.

In light of this, the broker has reduced its earnings estimates beyond FY 2026 and trimmed its valuation accordingly.

This has seen Morgans reaffirm its hold rating with a new price target of $51.50. It said:

ASX released FY27 total cost guidance along with FY28 capex expectations both of which were materially above consensus at the time of release. Whilst the topline shows encouraging growth (+~12.5% FYTD), we anticipate the market to remain cautious given the elevated cost profile as the technology refresh continues.

We lift FY26F EPS ~4% on stronger-than-forecast cash market and Futures/OTC volumes, but lower FY27-FY28F EPS by ~5%, as the updated cost guidance more than offsets the higher revenue base in the outer years. Our DCF/PE-derived PT is lowered to A$51.50 on the above, accompanied by an increase in the house RFR to 4.6%. We maintain our Hold recommendation and note near-term elevated costs will likely remain a headwind.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 share that Morgans has been looking at is drinks giant Endeavour.

In response to the Dan Murphy's and BWS owner's investor day event, Morgans has retained its hold rating on Endeavour's shares with a reduced price target of $2.80.

While there were positives from the investor day, Morgans highlights that there are execution risks to contend with while trading conditions remain challenging. It commented:

EDV provided a strategic update at its Investor Day with the new management team, led by CEO Jayne Hrdlicka, outlining their plans for growth. As expected, no trading update was provided given the company provided one only a few weeks ago. Management outlined three core growth pillars: 1) grow Retail revenue through repositioning the Dan Murphy's and BWS offers; 2) improve Hotels performance by stepping up investments in renewals; and 3) reduce costs with $300m in targeted savings by FY29. We make negligible changes to FY26-28F EBIT forecasts; however, underlying NPAT declines by 0-3% due to higher interest expense.

Our target price decreases to $2.80 (from $3.30) reflecting changes to earnings forecasts and a reduction in our FY27F PE multiple to 13x (from 15x). While the Investor Day highlighted a range of revenue and cost opportunities, these require accelerated investment and are expected to keep balance sheet leverage elevated through FY27. Execution remains key, and with the liquor market still challenging, we prefer to wait for delivery before reassessing our view. HOLD retained.

Judo Capital Holdings Ltd (ASX: JDO)

Morgans is more positive on this small business lender.

It was pleased with management's decision to undertake a second capital relief securitisation transaction. Morgans believes it reduces the need for an equity raising.

As a result, the broker has retained its buy rating with a $2.15 price target. It commented:

JDO announced its second capital relief securitisation transaction backed by SME business loans. The transaction is significant as it shows JDO's ability to again source and its willingness to utilise capital relief securitisations to support its CET1 capital ratio without the need for equity raisings. Target price of $2.15 per share, with strong double digit earnings growth forecast across FY26-28F. BUY retained, with potential TSR at current prices of c.38% (driven entirely by capital growth).

The post Buy, hold, sell: ASX, Endeavour, and Judo Capital shares appeared first on The Motley Fool Australia.

Endeavour shares are down 28% over the past year and fell to a fresh 52-week low this week following its Investor Day.

Most of the attention has been on Dan Murphy's and BWS, and understandably so.

The retail drinks business accounts for the majority of group revenue and has been under pressure from subdued consumer spending and margin compression.

But there is another part of the Endeavour Group story that deserves considerably more attention than it receives.

The hotels business is a hidden gem

Endeavour operates more than 350 licensed hotel venues across Australia under its ALH Hotels and Nightcap brands.

This makes the company one of the largest hotel operators in the country.

These are community-based venues offering bars, dining, gaming, wagering, accommodation, and live entertainment.

In the first half of FY 2026, the hotels segment generated revenue of $1.17 billion, up 4.4% year on year.

These were record results.

That momentum carried into Q3 FY 2026, where hotels delivered sales growth of 3.7%.

Impressively, the company realised these results even as cost-of-living pressures began to weigh on growth toward the end of the quarter.

Compare that to the retail segment, which grew just 2.9% in the same period.

The hotels business is clearly the more resilient division.

Yet the market continues to value Endeavour shares almost entirely through the lens of its troubled retail operations.

What the new strategy says about hotels

Tuesday's Investor Day made the hotel opportunity explicit.

Management announced it will accelerate capital investment in the Hotels network through light-touch renewals, full refurbishments, and whole-of-venue repositionings.

This signals a clear belief that the hotel assets can deliver meaningfully higher returns with targeted investment.

The strategy also targets $300 million in cost savings by FY 2029, including $100 million in FY 2027.

Management will divest most of its winery and vineyard portfolio, including Chapel Hill, Oakridge, and Josef Chromy, to sharpen capital allocation and free up resources for the hotel acceleration.

CEO Jayne Hrdlicka said at the Investor Day:

Our Hotels business has delivered consistent and growing earnings, and we believe there is a significant opportunity to unlock more value through targeted investment in our venues and a simplified operating model.

Why the market sold off anyway

Despite the strategy's merits, investors hit the sell button for two reasons.

First, the dividend payout ratio was cut to a range of 50% to 75% of underlying NPAT, down from the historical policy, removing a key reason many income investors owned the stock.

Second, near-term earnings remain soft, with the first half of FY 2026 delivering underlying NPAT of $278 million, down 6.7% year on year.

The shares have since fallen to an all-time low of $2.95, down 20% year to date.

Bell Potter retains its buy rating with a price target of $3.85, implying upside from the current share price, stating:

We retain our Buy rating. Although the outlook for consumer spending has weakened due to the Middle East conflict and a worsening rate environment, we believe market expectations are low for the company's strategic reset and the hotel asset base provides a floor for valuation.

Foolish Takeaway

Endeavour Group is not a quick fix.

The transformation will take time, the dividend has been cut, and the retail business faces ongoing headwinds from cost-of-living pressures.

But for investors who can look past the near-term pain, a 350-venue hotel network growing at 4% per year, combined with $300 million in targeted cost savings and a sharper strategic focus, is a more interesting story than the 52-week low share price implies.

The post Why Endeavour Group's hotel portfolio could be more valuable than the market realises appeared first on The Motley Fool Australia.

I've selected three which look interesting, and which the broker has differing recommendations for.

Let's have a look at what they're saying.

Eagers Automotive Ltd (ASX: APE)

This automotive dealer held its annual general meeting this week, during which Chief Executive Officer Keith Thornton updated the market as to how the year was going so far.

Mr Thornton said while the company remained mindful of external uncertainty, "the underlying performance of the business is strong''.

Mr Thornton said turnover was up about 5% on the same period last year and order intake was at record levels.

The company was actually getting more orders than it could fulfil, he said, with supply constraints the bottleneck.

And Eagers' used car business had enjoyed a record start to the year, Mr Thornton said, with pre-tax profit up 40%.

He added:

We expect to report an underlying profit before tax result for the first half of 2026 in line with, or slightly ahead of, the first half of 2025 across our Australia and New Zealand operations. In addition, two months of trading contribution from CanadaOne Auto will position us to deliver a record first half at a consolidated level. Looking to the second half, the outlook is positive. We expect an uplift in deliveries, supported by improved supply through our scaled partnership with Toyota following a materially constrained first half. Our substantial order bank and continued demand for new energy vehicles will further underpin second half performance.

Macquarie has an outperform rating on Eagers shares, with a price target of $27.10 compared to $20.69 currently.

Macquarie said CanadaOne remained a "compelling" long-term growth opportunity and Eagers' order book was strong.

Dicker Data Ltd (ASX: DDR)

Dicker Data also held its annual general meeting this week, with Executive Chair Fiona Brown saying the company had entered CY26 with strong momentum.

Ms Brown said the first four months of the year delivered "a robust result that reflects both healthy underlying demand and the benefits of strategic investments made across the business in FY25''.

She added:

Looking ahead, the Company expects the traditionally robust Australian end-of-financial-year trading period to support continued momentum through the first half. Beyond the first half, second half performance is expected to reflect more typical market conditions, including the impact of changes to vendor pricing strategies in conjunction with elevated inventory replenishment costs. While these factors may result in reduced unit demand, our absolute revenue demand expectation remains strong.

Macquarie has a neutral rating on Dicker Data shares and a price target of $10.35 compared to $9.98 currently.

Endeavour Group Ltd (ASX: EDV)

Endeavour Group shares are trading near their 12-month low at the moment, following the company this week announcing a new strategy and a plan to deliver $300 million in cost savings by 2029.

Part of the new strategy involves Endeavour selling off most of its winery portfolio and refocusing investment in its hotels network.

The company also widened its dividend payout ratio from 70% to 75% of net profit to 50% to 75%.

Macquarie has an underperform rating on Endeavour shares, saying "we still expect market is underestimating reinvestment and earnings downside in key transition year''.

Macquarie has a price target of $2.80 on Endeavour Group shares compared with $2.84 currently.

The post Buy, hold, sell: Eagers, Dicker Data and Endeavour Group shares appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price is down 8.5% to $20.81. This is despite a number of brokers putting buy ratings on the auto retailer's shares today. One of those was Morgans, which has retained its buy rating with a reduced price target of $27.25 (from $30.00). It said: "Despite some near-term earnings uncertainty, we continue to view a meaningful structural opportunity across consolidation (AUS/CAD), strategic alliances (Mitsubishi Corporation), used vehicles (EA123) and ongoing NEV leadership. We see recent share price pressure (~18x FY27F PE) as an attractive entry point given the earnings trajectory ahead (CY27F EPS growth ~19%)."

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is down a further 2.5% to $2.85. Investors have been selling this drinks giant's shares this week following a strategy update. To support the strategy, the BWS and Dan Murphy's owner has announced a reduction in its dividend payout ratio. In response, this morning, Macquarie retained its underperform rating on Endeavour's shares with a heavily reduced price target of $2.80.

IPH Ltd (ASX: IPH)

The IPH share price is down 1% to $3.82. This morning, the intellectual property services company announced the appointment of Anthony (Tony) O'Malley as its new managing director and CEO with effect from 1 July 2026. IPH's chair, Peter Warne, said: "Following a comprehensive global search, the Board is pleased to appoint Tony as our new CEO. His calibre and broad professional services experience position him well to lead the next phase of the Company's growth strategy."

Newmont Corporation (ASX: NEM)

The Newmont share price is down 6.5% to $146.86. Investors have been selling Newmont's shares following a pullback in the gold price overnight. The precious metal hit a two-month low after investors increased their US interest rate hike bets. Newmont isn't the only gold miner falling today. The S&P/ASX All Ordinaries Gold index is down a sizeable 7.2% at the time of writing.

The post Why Eagers Automative, Endeavour, IPH, and Newmont shares are sinking today 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:

ASX Ltd (ASX: ASX)

The ASX share price is down a further 7.5% to $47.16. Investors have been selling the stock exchange operator's shares this week following the release of guidance for FY 2027. Management revealed that FY 2027 total expense growth is expected to be between 18% and 21%. It advised: "This is primarily driven by technology modernisation, the expanded Accelerate Program as part of our response to the ASIC Inquiry and investments to support customer-driven growth." ASX has also increased its capex guidance for FY 2027. It now expects capex of $180 million to $200 million (from $160 million to $180 million). It then expects further capex of $170 million to $190 million in FY 2028.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is down 1% to $162.70. This is despite there being no news out of Australia's largest bank on Wednesday. However, it is worth noting that all of the big four banks are trading lower today. It is possible that some large investors are rotating funds out of the banks and into other areas of the market.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is down 4% to $2.95. This follows the release of the drinks giant's strategy update this morning. Although the Dan Murphy's and BWS owner has a bold new strategy in place, which includes cost savings of $300 million, it has announced a reduction in its dividend payout ratio to conserve cash.

Tuas Ltd (ASX: TUA)

The Tuas share price is down a further 2% to $2.12. This Singapore-based telco's shares have been under significant pressure since it terminated its proposed acquisition of M1 Limited. The company made the move after authorities suspended the review of the deal in response to news that Tuas' Simba business may have used spectrum it did not own. It said: "Simba continues to co-operate with the investigation being undertaken by the Infocomm Media Development Authority into potential breaches of the Telecommunications Act and the conditions of Simba's Facilities-Based Operator Licence. Tuas will keep shareholders updated in relation to that investigation."

The post Why ASX, CBA, Endeavour, and Tuas shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 share is down 4% to a 52-week low of $2.95.

This follows the release of an investor day update from the Dan Murphy's and BWS owner.

Why is the ASX 200 share falling today?

Investors have responded negatively to Endeavour's new strategy update, which aims to drive revenue growth, improve efficiency, and support long-term shareholder returns.

Following a strategic review led by CEO and managing director Jayne Hrdlicka, the ASX 200 share has identified three priority areas for growth.

These are resetting its multi-brand retail strategy, unlocking the growth potential in its hotels business, and simplifying operations to reduce costs.

Retail reset

A key focus of the strategy is restoring stronger momentum in Endeavour's retail business.

This comprises 1,737 retail liquor stores nationally, approximately 9 million active members across its retail programs, and around 180 million retail customer touchpoints over the last 12 months.

The company plans to reinforce Dan Murphy's price leadership and reposition both Dan Murphy's and BWS to better serve different customer groups.

For Dan Murphy's, the focus will be on restoring its position as the destination for value and range, supported by sharper pricing, a more customer-led range, and stronger use of its digital assets.

For BWS, management wants to build on the brand's convenience position, improve the digital experience, localise ranges, and deliver more value through customer engagement platforms.

Hotels investment to increase

The ASX 200 share sees a significant opportunity in its hotels business.

The company owns Australia's largest pub network, with 352 hotels and approximately 1.1 million pub+ registrations.

Management plans to lift investment in the network through light-touch renewals, refurbishments, and whole-of-venue repositionings.

The company is targeting a year-two return on investment of more than 15% from growth capital expenditure in hotels. It also expects to increase the number of hotel renewals to 50 to 60 per year over the next three years.

Cost savings and asset sales

Another major part of the update is its cost reduction target.

Endeavour is aiming for $300 million of cost savings by FY 2029, including approximately $100 million in FY 2027. This will be achieved through operational productivity, process simplification, site cost optimisation, and procurement and supply chain improvements.

The ASX 200 share is also simplifying its asset base.

Its Pinnacle Drinks business has been repositioned to support retail and focus on higher-return brands. As part of this, Endeavour plans to exit the majority of its winery and vineyard portfolio, including Chapel Hill, Oakridge, and Josef Chromy.

Dividends take a hit

The company's plans will impact its dividends in the near term, which could be what is weighing on its shares today.

To maintain funding flexibility and prioritise growth investment, management has changed its targeted dividend payout ratio to between 50% and 75% of underlying net profit after tax.

Commenting on the plans, Hrdlicka said:

We examined the business through a number of lenses and have made the tough choices required to deliver the Group's next phase of growth. With a disciplined focus on customer value, a targeted step-up in Hotel investment, a hard eye to cost and a simplified asset base, we have begun to execute our transformation.

There is significant untapped potential in Australia's best Retail liquor brands and Hotels, and we now have the roadmap in place to ensure that potential is fully realised for our customers and our shareholders.

The post Which ASX 200 share is sinking to a 52-week low after cutting its dividend payouts? appeared first on The Motley Fool Australia.

What did Endeavour Group report?

• Targeting $300 million in cost savings by FY29 (including $100 million in FY27)
• Acceleration of capital investment in the Hotels network across renewals and refurbishments
• Resetting Dan Murphy's and BWS strategies to drive revenue and strengthen price leadership
• Divestment of non-core assets, including most of its winery and vineyard portfolio
• Dividend payout ratio revised to a range of 50%–75% of group underlying NPAT

What else do investors need to know?

Endeavour Group's strategy update follows a detailed review led by CEO Jayne Hrdlicka and the board. Management identified three main priorities: resetting the multi-brand retail approach, unlocking growth in its Hotels portfolio, and simplifying operations to reduce costs.

A sharper focus on digital, localised product range, and customer engagement is expected across both retail brands. In Hotels, the company will ramp up investments in venue renewals and use guest insights and data to elevate experiences and growth.

What's next for Endeavour Group?

The group is entering an investment phase, with a clear plan to strengthen Dan Murphy's price leadership, modernise BWS's digital experience, and lift Hotel performance. Around $300 million in targeted cost-outs by FY29 and a disciplined capital allocation framework support these ambitions.

Management expects higher capital expenditure in the near term to fund Hotel upgrades and digital initiatives, balanced by active portfolio management and ongoing divestments of non-core assets.

Endeavour Group share price snapshot

Over the past 12 months, Endeavour Group shares have declined 24%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Endeavour Group unveils strategy update and $300m cost savings drive appeared first on The Motley Fool Australia.

This is the second time in a month that the defensive sector has led the market.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) edged 0.3% higher to finish the week at 8,657 points.

The market whipsawed last week as the war in Iran dragged on and depressing economic data was released.

US President Donald Trump said he called off strikes on Iran after Persian Gulf leaders assured him of an acceptable deal in the works.

However, on Friday, reports emerged of Iran and Oman working together to create a permanent toll system for the Strait of Hormuz.

The Strait, through which about a fifth of the world's oil and gas is shipped, runs between the two nations and remains effectively closed.

Meanwhile in Australia, the market was surprised by a fall in employment in April that pushed the unemployment rate up to 4.5%.

Additionally, the latest monthly consumer sentiment index rose just 3.5% off the extreme low recorded last month.

Matthew Hassan, Head of Australian Macro-Forecasting at Westpac Banking Corp (ASX: WBC), commented:

… consumers remain deeply pessimistic.

Forward views are clearly still being weighed down by uncertainty around global energy supply with the Strait of Hormuz still effectively shut.

However, rate rise fears are also in the mix.

Fierce debate also broke out last week over how proposed capital gains tax (CGT) changes may disincentivise start-ups in Australia.

Amid volatile trading conditions, ASX 200 investors upped their exposure to defensive consumer staples shares.

Let's take a look at the impact.

Consumer staples shares led the ASX sectors last week

The Woolworths Group Ltd (ASX: WOW) share price rose 5.15% to finish at $34.68 per share on Friday.

The Coles Group Ltd (ASX: COL) share price rose 3.17% to $21.47.

IGA network owner Metcash Ltd (ASX: MTS) lifted 3.39% to $3.05 per share.

Endeavour Group Ltd (ASX: EDV) shares fell 0.65% to $3.08.

The A2 Milk Company Ltd (ASX: A2M) share price tumbled 7.67% to $5.66.

ASX 200 wine share Treasury Wine Estates Ltd (ASX: TWE) increased 5.88% to $4.50.

The Bega Cheese Ltd (ASX: BGA) share price rose 0.37% to $5.39.

Almond food producer Select Harvests Ltd (ASX: SHV) ascended 6.65% to $3.85 per share.

ASX 200 agricultural share Graincorp Ltd (ASX: GNC) decreased 8.64% to $4.76.

Elders Ltd (ASX: ELD) shares tanked 18.33% to $5.88 after the company released its 1H FY26 numbers last week.

The Australian Agricultural Company Ltd (ASX: AAC) share price rose 2.27% to $1.35.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 consumer staples shares outperformed again last week appeared first on The Motley Fool Australia.

That's according to Dolphin Partners Financial Services' Arthur Garipoli (courtesy of The Bull).

Both S&P/ASX 200 Index (ASX: XJO) stocks have come under renewed selling pressure in 2026.

Recently trading at $5.89 a share, A2 Milk shares are 35.9% year to date.

And shares in Endeavour, which owns and operates liquor outlets, hotels and gaming venues, are down some 16.3% this calendar year.

For some context, the ASX 200 is down 1.5% over this same period.

And looking ahead, Garipoli foresees more headwinds for both beaten down stocks.

Here's why.

Time to sell A2 Milk shares?

"This infant milk formula company recently initiated a voluntary recall of three small batches of product sold in the United States," Garipoli said. "The company announced the recall was isolated to the US label product."

Commenting on the company's 13 April trading update, Garipoli noted:

The shares have remained under pressure since April when the company downgraded guidance in full year 2026. It expects lower infant milk formula sales, mostly related to Chinese labels.

The EBITDA [earnings before interest, taxes, depreciation and amortisation] percentage margin is forecast to decline from previous guidance of between 15.5% to 16% to between 14% to 14.5%.

Investors responded to that news by sending A2 Milk share tumbling 12.0% on the day.

Summarising his sell recommendation on the ASX 200 dairy stock, Garipoli concluded, "Other stocks offer more appealing outlooks. The shares have fallen from $9.24 on April 10 to trade at $6.45 on May 13."

Which brings us to…

Time to exit Endeavour shares?

Atop recommending exiting A2 Milk shares, Garipoli also has a bearish outlook on Endeavour shares.

"Endeavour operates liquor outlets, hotels and gaming facilities," he said.

But despite its leading position in Australia, Garipoli expects Endeavour could struggle over the coming months.

He noted:

While Endeavour is a leader in the liquor retailing space, the business is operating in a challenging economic environment involving fierce competition, continuing margin pressure and macroeconomic shocks. Many analysts have cut forecasts to reflect softer trends.

Then there's the impact of the ongoing Iran conflict.

According to Garipoli:

Increasing fuel costs in response to the Middle East conflict is imposing pricing pressure throughout its supply chain. Increasing cost of living pressures is another challenge. The shares have fallen from $4.04 on March 2 to trade at $3.23 on May 13.

Summarising his sell recommendation on Endeavour shares, he concluded, "Other stocks appeal more in this economic climate of higher interest rates and cash strapped consumers."

The post Sell alert! Why this expert is calling time on Endeavour and A2 Milk shares appeared first on The Motley Fool Australia.

If you are, it could be worth seeing what analysts are saying about the three ASX shares in this article, courtesy of The Bull.

Are they bullish, bearish, or something in between? Let's find out:

ALS Ltd (ASX: ALQ)

Morgans has named this testing services company's shares as a buy this week.

The broker likes the ASX share due to its exposure to strong industry tailwinds and the prospect of a sizeable jump in earnings per share in FY 2027. It said:

ALS Limited provides laboratory testing services across key industrial and consumer facing industries, primarily in the commodities and life sciences segments. It operates across 50 countries and 300 locations. ALS is now the dominant global leader in geochemistry testing, which generates high levels of cash amid minimal competition.

Excess capital from commodities is used to drive earnings growth in life sciences. Strong industry tailwinds coupled with significant forecast earnings per share growth in full year 2027 suggests ALS is on a continuing growth trajectory.

Develop Global Ltd (ASX: DVP)

The team at Dolphin Partners Financial Services has named this mining and mining services company's shares as a hold this week.

While the financial services firm was pleased with the achievement of Woodlawn steady state production, it doesn't appear to see enough value in Develop Global's shares at current levels for a more positive recommendation. It said:

This company explores and develops mineral resources in Australia, including the Woodlawn zinc-copper project in New South Wales. Other projects include the Sulphur Springs deposit and the Pioneer Dome lithium project in Western Australia. DVP recently announced its flagship Woodlawn zinc-copper project had achieved and exceeded nameplate processing capacity rates of 850,000 tonnes per annum.

The achievement of Woodlawn steady state production is a major operational milestone, de-risking the project's expected cash flows. Also, on May 13, DVP announced it had been awarded a $274 million contract with Core Lithium.

Endeavour Group Ltd (ASX: EDV)

Dolphin Partners Financial Services has named this drinks giant's shares as a sell this week.

It believes the Dan Murphy's and BWS owner could struggle given fierce competition and a challenging economic environment. In addition, it suspects that costs could rise because of higher fuel prices. It commented:

Endeavour operates liquor outlets, hotels and gaming facilities. While Endeavour is a leader in the liquor retailing space, the business is operating in a challenging economic environment involving fierce competition, continuing margin pressure and macroeconomic shocks. Many analysts have cut forecasts to reflect softer trends.

Increasing fuel costs in response to the Middle East conflict is imposing pricing pressure throughout its supply chain. Increasing cost of living pressures is another challenge. The shares have fallen from $4.04 on March 2 to trade at $3.23 on May 13. Other stocks appeal more in this economic climate of higher interest rates and cash strapped consumers.

The post Buy, hold, sell: Endeavour and these popular ASX shares appeared first on The Motley Fool Australia.

The rebound is happening across most of the sectors on the ASX All Ords Index, and it's positive news for the companies that slumped to 52-week lows on Monday.

Here are four ASX All Ords shares rebounding from a dip today. Here's what brokers expect next.

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

Fisher & Paykel Healthcare shares have rebounded 2.06% on Tuesday to $27.21, at the time of writing. It's a welcome turnaround after the ASX All Ords healthcare stock crashed to a two-year low of just $26.67 on Monday. Overall, healthcare shares have come under pressure so far in 2026, and stock prices have tumbled across the board. Slumping sentiment has been driven by a weaker US dollar, concerns about more interest rate rises, rising inflation, and cost-of-living pressures. There are also ongoing concerns about tariffs. But the business remains relatively sound. And the respiratory designer and manufacturer still expects to meet its revised FY26 revenue and profit guidance figures. Brokers rate the ASX All Ords stock as a strong buy and tip a potential 29% upside to $35.10, at the time of writing. 

Endeavour Group Ltd (ASX: EDV)

Endeavour shares have rebounded 2.48% higher to $3.10, at the time of writing. At the close of the ASX on Monday, the shares had crashed to an all-time low of $3.02. The alcoholic beverages retailer, hotel operator, and poker machines operator, owns major retail drinks companies such as Dan Murphy's and BWS. It also owns other brand names such as ALH Hotels, Langton's, and Jimmy Brings. Weaker consumer sentiment has hit the company's growth recently, while higher supply-chain costs and inflation have put margins under pressure. But Endeavour is investing heavily in market competitiveness and online growth. Although brokers aren't sure if the ASX All Ords company can pull off a turnaround. They rate the cost as a sell and top a 12-month target price of $3.51. However, after the latest price crash, it still represents a 14% upside at the time of writing.

Orora Ltd (ASX: ORA)

The packaging company's shares are also rebounding 0.8% at the time of writing, to $1.26. The update comes after the shares crashed to an all-time low on Monday. The ASX All Ords company's share price crashed 18% in early April following its latest trading update. Investors jumped on their sell buttons after the company downgraded its full-year FY26 EBIT guidance for its Saverglass division, citing disruptions from conflict in the Middle East. Brokers are also cautious about the company's outlook. They rate the stock a hold and tip a potential 34% upside to $1.71 at the time of writing. 

Tabcorp Holdings Ltd (ASX: TAH)

Tabcorp shares are climbing higher on Tuesday. At the time of writing, the shares are 1.78% higher at 69 cents a piece. The turnaround follows a slump to a 52-week low yesterday. The wagering company's shares have come under pressure since late 2023 following weaker revenue and profit performance. The stock was gaining traction in early 2026, but news of a letter from Australia's financial crimes watchdog, AUSTRAC, earlier this month sent the share price crashing. The ASX All Ords company said that the watchdog raised serious concerns about the company's ability to identify, mitigate, and manage money laundering and terrorism financing risks. It has also started an enforcement investigation. The shares have lost 41% of their value since the announcement. And brokers are reserved about their outlook for the company. They rate the stock as a hold and tip a potential 42% upside to 98 cents, at the time of writing. 

The post Are these 4 ASX All Ords stocks a buy after rebounding from 52-week lows? appeared first on The Motley Fool Australia.