Among the 11 market sectors, energy is in the lead, recovering 0.8% after yesterday's thrashing on news of a US-Iran peace deal.

The consumer discretionary sector is the laggard, down 1.5% today, giving back some of last week's big gains.

Let's take a look at some new ratings on three ASX shares.

GQG Partners Ltd (ASX: GQG)

The GQG Partners share price is $1.43, down 0.7% today and down 19% in the calendar year to date (YTD). 

Morgans has reiterated its accumulate rating on this ASX financial share. 

The broker said: 

GQG has provided a May FUM update. Overall, monthly outflows appear to be stabilising in the -A$1.5bn to -A$2.0bn range, although investment performance remains highly volatile.

While FUM is effectively flat calendar year-to-date, with outflows offset by positive market movements, we acknowledge it will be difficult for GQG to re-rate until the current outflow cycle ends.

While the near-term operating environment remains difficult, we continue to see long-term value in the GQG franchise, trading at ~9x FY1 PE with a ~10% dividend yield.

Morgans reduced its 12-month price target from $1.92 to $1.64.

This implies a potential 15% upside from here.

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's Pizza share price is $15.89, down 0.5% today and down 27% YTD. 

Morgans has downgraded its rating on this ASX consumer discretionary share to hold.

The broker said: 

The trading environment for DMP has become more challenging than previously assumed, and we have updated our forecasts to reflect a weaker SSS (same-store-sales) outlook across all three regions, compounding cost pressures on ANZ franchisee economics, and a more adverse FX environment in Japan.

The earnings recovery, albeit modest, remains on track but it is entirely cost-driven; there is no volume improvement embedded in our numbers until outer years.

We move to a HOLD rating until there is evidence of further cost management and SSS recovery.

The broker reduced its price target from $25 to $17.60.

This suggests 10% capital growth ahead.

Domino's Pizza is currently one of the most shorted shares on the ASX.

PEXA Group Ltd (ASX: PXA)

The PEXA Group share price is $10.39, down 1.6% today and down 22% YTD. 

PEXA is a digital property exchange business operating in Australia and, more recently, the UK.

Andrew Wielandt from DP Wealth Advisory has a sell rating on this ASX real estate share. 

Wielandt said (courtesy The Bull):

Australian property transaction volumes grew by 7 per cent in the third quarter of 2026, but moderated in the UK from the first half.

In our view, recent proposed changes to capital gains tax and negative gearing are likely to have a cooling impact on the Australian property market.

Investors may want to consider cashing in some gains and see what unfolds in the Australian and UK property markets.

The post Buy, hold, sell: PEXA Group, Domino's Pizza, GQG Partners shares appeared first on The Motley Fool Australia.

GQG is a fund manager that provides clients with exposure to four key strategies: international shares (excluding US shares), emerging markets, global shares, and US shares.

Funds management businesses can be very volatile because their profits (and, subsequently, share prices) are closely linked to movements in the overall share market, which in turn influences funds under management (FUM).

Let's take a look at why I think this could be a compelling time to look at the ASX dividend stock.

Excellent ASX dividend stock credentials

I'm not expecting the business to grow its dividend every year, particularly this year. But, pleasingly, it did increase its dividend each year between 2022 and 2025. Ongoing growth of FUM will be essential for noticeable dividend growth in the future.

Even so, its current quarterly dividend is so large that I think this makes it very attractive.

The ASX dividend stock's latest quarterly dividend, which will be paid later this month, is AU 4.878 cents per share. That quarterly dividend by itself is a 3.27% dividend yield, at the time of writing. Annualised, that dividend yield is 13% if it repeats that payout over the next year.

The business is paying around 90% of its distributable profit to shareholders each quarter. That means investors are being rewarded with most of the profit, but a little is still kept to strengthen the company for the future.

Any business with a double-digit yield could be very compelling for passive income.

Why this is a good time to invest in GQG shares

I think that funds management businesses are notoriously cyclical, so it could be an effective choice to be contrarian.

GQG has seen FUM outflows in recent times, but these appear to be reducing, and if its fund performance returns to prior strength, this could protect existing FUM and help attract new FUM.

The ASX dividend stock now seems to be trading at a very cheap valuation. At the time of writing, it appears to be trading at less than 7x its current annualised distributable profit.

Even if there are ongoing FUM outflows, longer-term investment performance could help grow FUM, profit, and the dividend. If FUM outflows stabilise, then it could look significantly undervalued, in my opinion.

But, GQG isn't the only ASX dividend stock that looks attractive to buy right now.

The post 1 ASX dividend stock down 50% I'd buy right now appeared first on The Motley Fool Australia.

Meanwhile, brokers have indicated continuing confidence in several ASX 200 shares with refreshed buy calls this week.

Here are some examples.

CSL Ltd (ASX: CSL)

The CSL share price is $107.34, up 4.3% today.

The ASX 200's largest healthcare share is having a strong week despite no price-sensitive announcements.

Since last Friday's close, CSL shares have spiked 9.6% while the S&P/ASX 200 Health Care Index (ASX: XHJ) has lifted just 3.6%.

CSL shares have fallen 63% over two years, but perhaps a turnaround is afoot?

UBS reiterated its buy rating on CSL shares on Tuesday.

However, the broker lowered its target price from $175 to $158.

This still implies potential capital gains of 47% ahead.

South32 Ltd (ASX: S32)

The South32 share price is $4.35, down 2.9% today.

Over the past six months, this ASX 200 mining share has risen 27%.

Citi reaffirmed its buy rating on South32 shares on Tuesday.

The broker increased its 12-month price target from $5.40 to $6.10.

This suggests a potential 40% upside ahead.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $10.97, down 3.1%.

This ASX 200 travel share has fallen 26% over six months.

But UBS is confident of a turnaround, reiterating its buy rating this week.

The broker has a $14.50 target on the ASX 200 consumer discretionary share.

This suggests a 32% upside from here.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $34.02, down 1.6% today.

This ASX 200 bank share has fallen 5.3% over the past month.

Citi reiterated its buy rating on ANZ shares with a price target of $39.25 on Tuesday.

This implies potential capital gains of 15% ahead.

GQG Partners Inc (ASX: GQG)

The GQG Partners share price is $1.46, up 0.3% today.

Over the past six months, this ASX 200 financial share has fallen 17%.

Morgans renewed its accumulate rating on GQG Partners shares yesterday.

The broker lowered its 12-month price target from $2.03 to $1.64.

This suggests a potential 12% upside ahead.

Morgans commented:

While the near-term operating environment remains difficult, we continue to see long-term value in the GQG franchise, trading at ~9x FY1 PE with a ~10% dividend yield.

Life360 Inc (ASX: 360)

The Life360 share price is $21.21, down 1.6% today.

Over the past month, this ASX tech share has recovered 5.6%.

Life360 has lost 33% of its valuation over the past 12 months.

Citi reaffirmed its buy rating on Life360 shares on Tuesday.

The broker modified its target from $32.10 to $28.25, suggesting a potential 33% increase from here.

SRG Global Ltd (ASX: SRG)

The SRG Global share price is $3.69, down 3.5% today.

This ASX 200 industrials share has ascended 32% over six months.

Morgans renewed its buy call on SRG Global shares this week.

The broker also lifted its target price from $3.20 to $4.20.

This implies potential capital growth of 13% over the next year.

Morgans said:

SRG has upgraded FY26 EBITDA guidance to the upper end of its $164-168m range (~$168m) and, unusually early, provided FY27 EBITDA guidance of $190-200m. This underlines the group's strong earnings visibility, which is arguably unparalleled in the services sector.

We forecast SRG reaches net cash in FY26 and, on that basis, expect it to resume acquisitions. We believe SRG may be able to continue to compound +20-30% EPS growth over the next few years as robust organic growth is supplemented by strategic acquisitive growth. 

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.02, up 2.5% today and down 4.3% over six months.

Centuria Capital Group is a funds manager specialising in property investment and investment bonds.

Morgan Stanley renewed its buy rating on this ASX 200 real estate share on Tuesday.

The broker lifted its 12-month price target from $2.05 to $2.35.

This suggests a potential 16% upside ahead.

The post 8 ASX 200 shares with renewed buy ratings this week appeared first on The Motley Fool Australia.

If you are, it could be worth looking at the shares in this article that Morgans has been recommending to clients. Here's what the broker is saying:

GQG Partners Inc (ASX: GQG)

The first ASX share to look at is GQG Partners. Morgans has put an accumulate rating and $1.64 price target on this fund manager's shares this week.

Based on its current share price of $1.45, this implies potential upside of 13% for investors over the next 12 months. However, a dividend yield of around 10% is also expected, boosting the total potential return to 23%. It commented:

GQG has provided a May FUM update. Overall, monthly outflows appear to be stabilising in the -A$1.5bn to -A$2.0bn range, although investment performance remains highly volatile. While FUM is effectively flat calendar year-to-date, with outflows offset by positive market movements, we acknowledge it will be difficult for GQG to re-rate until the current outflow cycle ends. We lower our GQG FY26F/FY27F EPS forecasts by 1%-5% and reduce our price target to A$1.64 (from A$1.92). While the near-term operating environment remains difficult, we continue to see long-term value in the GQG franchise, trading at ~9x FY1 PE with a ~10% dividend yield. ACCUMULATE.

Helloworld Travel Ltd (ASX: HLO)

Another ASX share the broker has been looking at is Helloworld. Morgans has put a buy rating and $2.23 price target on this travel company's shares.

Based on its current share price of $1.39, this implies potential upside of around 60% for investors over the next 12 months. It said:

Given recent profit downgrades from other travel industry peers due to the conflict in the Middle East, HLO's downgrade wasn't a surprise. It has revised its FY26 EBITDA guidance by 11-14%. We have downgraded our forecasts. We assume that the conflict and a subdued consumer environment continue to impact the 1H27, followed by a strong recovery in the 2H27. This could prove conservative given HLO's strong 1Q27 bookings. We are buyers of HLO during this period of short-term uncertainty and share price weakness because when operating conditions ultimately improve, both its earnings and share price leverage to the upside will be material.

Tetratherix Ltd (ASX: TTX)

A higher risk option for investors is regenerative medicine company Tetratherix.

Morgans has a speculative buy rating and $7.15 price target on the company's shares. Based on its current share price of $5.31, this implies potential upside of approximately 35%. It commented:

TTX successfully completes a placement to fund the expansion of its production facility and build on its customer success team. We have updated our model to reflect the new capital and take a more optimistic stance on FDA approval for its dental/orthopedic products. Independent research shows TTX's drug delivery platform can safely carry and protect fragile drugs when delivered through the nose. Future licensing opportunities are likely. Our valuation has increased to A$7.15 (was A$6.84). SPECULATIVE BUY.

The post Morgans says these ASX shares could deliver 23% to 60% returns appeared first on The Motley Fool Australia.

It was a rough return for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares to trading this Tuesday following the long weekend break.

After closing the trading week on a bit of a sour note last Friday, investors didn't lose their cold feet over the weekend. The ASX 200 did recover a little from a sharp plunge at market open this morning, but still closed 0.24% down for the day. That leaves the index at 8,604.2 points.

This miserly start to the short trading week follows a mixed start to the American trading week on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) wasn't in a great Monday mood, falling 0.16%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared much better, though, advancing a confident 0.86%.

But let's get back to the local markets now and take stock of how the various ASX sectors fared amid today's tough trading conditions.

Winners and losers

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

By the time the markets closed, the ASX 200 had shed a nasty 1.26%. That leaves the index back under 8,500 points at 8,496.6.

This rough mid-week session for the Australian markets follows a similarly negative night on the American bourse.

The Dow Jones Industrial Average Index (DJX: .DJI) drifted lower, dropping 0.65%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more pessimistic, falling 0.84%.

But let's return to the local markets now for a deeper look into how today's tough trading conditions filtered down into the various ASX sectors this session.

Winners and losers

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

This disappointing mid-week session for Australian investors comes after a mixed night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) recovered from an early dip to post a 0.11% gain.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't so lucky and ended up dropping 0.71%.

Let's get back to ASX shares now, though, and take a deeper dive into what was going on amongst 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.

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

BHP Group Ltd (ASX: BHP)

The BHP share price is up 2.5% to $59.87. Investors have been buying this mining giant's shares following another rise in the copper price overnight. According to CNBC, the spot copper price is now up over 8% since this time last month and has reached a record high. This bodes well for BHP, which has been increasing its exposure to copper in recent years.

GQG Partners Inc (ASX: GQG)

The GQG Partners share price is up 1.5% to $1.59. This morning, the fund manager released its latest funds under management (FUM) update. GQG Partners revealed that its FUM reached US$166.9 billion at the end of April. This is up from US$162.5 billion at the end of March. This reflects a strong investment performance, which added US$5.7 billion to its FUM and offset net outflows of US$1.4 billion. In addition, GQG Partners announced its latest quarterly dividend. It plans to pay the equivalent of 4.878 cents per share. This dividend alone equates to a dividend yield of 3% based on its current share price. It will be paid to eligible shareholders on 26 June.

Inghams Group Ltd (ASX: ING)

The Inghams share price is up a further 6% to $1.93. Investors have been buying the poultry producer's shares this week following the release of a trading update. Inghams revealed that sales volumes were up 1.1% for the first nine months of FY 2026. As a result, management has reaffirmed its guidance for underlying EBITDA of $180 million to $200 million. The company's CEO and managing director, Ed Alexander, commented: "We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment."

Symal Group Ltd (ASX: SYL)

The Symal Group share price is up 6% to $2.52. This follows the release of a guidance update from the diversified services provider this morning. Symal advised that it expects normalised EBITDA of $120 million to $126 million in FY 2026. This compares to its previous guidance range of $117 million to $127 million. Management advised that this reflects the company's focus on disciplined operating performance and project execution.

The post Why BHP, GQG, Inghams, and Symal shares are pushing higher today appeared first on The Motley Fool Australia.

Two of the S&P/ASX 200 Index (ASX: XJO) heavyweights are underperforming the 0.6% losses posted by the benchmark index during the Tuesday lunch hour, while one is marching higher.

Here's what's catching investor interest.

Life360 shares tumble despite revenue growth

Life360 shares are taking a beating today.

Shares in the ASX 200 location sharing software company are down a sharp 10.9% at the time of writing, trading for $17.93 each.

This underperformance follows the release of the company's first-quarter results (Q1 2026) and comes amid broader weakness in the ASX tech sector today and apparently lofty investor expectations.

Indeed, Life360 shares are tumbling despite the company reporting a 38% year-on-year quarterly revenue boost to US$143.1 million. And adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$17.1 million were up 7%.

Management also increased full-year 2026 revenue guidance to between US$650 and US$685 million, up from prior guidance of US$640 million to US$680 million. Full-year adjusted EBITDA guidance was increased to US$130 to US$140 million, up from the prior range of US$128 million to US$138 million.

GQG shares lift on FUM boost

Unlike Life360 shares, GQG shares are on the rise today following an April performance update.

As at 30 April, the ASX 200 financial stock reported funds under management (FUM) of US$166.9 billion. That's up US$4.4 billion from the end of March.

GQG achieved that FUM growth despite April net outflows of US$1.4 billion. Management credited this to a strong month for investment markets and performance across GQG's strategies.

WiseTech shares join tech sell-off

Joining GQG and Life360 shares in the financial headlines, WiseTech shares are down 5.2%, changing hands for $40.08.

The ASX 200 logistics software solutions company presented at the annual Macquarie Group Ltd (ASX: MQG) Australia Conference today.

The company highlighted its strong first half-year performance (H1 FY 2026), which included a 76% increase in revenue and a 31% increase in EBITDA. This was spurred by WiseTech's acquisition of US-based cloud software company e2open in late 2025 to create TradeWise.

Management said this provided "a clear path to margin expansion post integration".

WiseTech now serves more than 22,000 logistics companies across 193 countries. That includes 23 of the top 25 largest global freight forwarders.

And rather than seeing AI as a potential threat to its business, WiseTech noted, "AI amplifies our resilient market position, drives step-change efficiency, and accelerates customer success."

The post Why is everyone talking about WiseTech, GQG and Life360 shares on Tuesday? appeared first on The Motley Fool Australia.

What did GQG Partners report?

• Funds under management (FUM) increased to US$166.9 billion at 30 April 2026 from US$162.5 billion at 31 March 2026
• April net outflows totalled US$1.4 billion across all strategies
• April investment performance contributed a positive US$5.7 billion
• Year-to-date net outflows of US$9.9 billion offset by US$13.0 billion of investment performance
• Strongest April FUM growth in International and Emerging strategies

What else do investors need to know?

GQG Partners' FUM ended higher despite consistent net outflows, reflecting a strong month for investment markets and performance across the firm's strategies. The slight decrease in US strategy FUM was more than offset by gains in International and Emerging strategies.

The company noted that all reported figures are in US dollars and unaudited. Its Private Capital Solutions activity is not included in these totals. Investors can expect the next FUM updates on 10 June, 13 July, and 12 August 2026.

What's next for GQG Partners?

Looking ahead, GQG Partners will continue to provide monthly FUM updates, with the next announcement planned for 10 June. Management remains focused on navigating net flow challenges while building on recent positive investment performance.

The company continues to diversify its global and emerging markets strategies, seeking to maintain and grow FUM despite ongoing outflows.

GQG Partners share price snapshot

Over the past 12 months, GQG Partners shares have declined 37%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post GQG Partners reports growth in funds under management for April 2026 appeared first on The Motley Fool Australia.

Australia's annual headline inflation rate rose to 4.6% in the 12 months to March, up from 3.7% in February, with fuel a major driver of the increase.

For investors, this creates a simple problem. Cash sitting in the bank needs to work harder just to maintain purchasing power.

That is why I think these ASX income stocks with forecast dividend yields above 8% could be worth considering.

GQG Partners Inc (ASX: GQG)

The first ASX income stock I would look at is GQG Partners.

GQG is a global investment manager, which makes it very different from a typical ASX dividend share.

Its earnings are tied to funds under management, investment performance, market conditions, and client flows. That means the dividend is not risk-free. A weak period for markets or fund flows could put pressure on profits and payouts.

But I think GQG has a few qualities that make it appealing for income investors.

It has a capital-light model, global reach, and exposure to institutional and wholesale investors around the world. If markets remain supportive and the company continues to attract or retain client money, it has the potential to generate strong cash flows.

According to CommSec, consensus estimates show that GQG is forecast to offer a dividend yield of around 12% in both FY26 and FY27.

That puts it well ahead of the current inflation rate and gives investors a potentially attractive income stream while they wait for long-term growth.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman is another ASX income stock I think could help investors fight inflation.

The retailer has been out of favour at times because discretionary spending can be sensitive to interest rates, housing turnover, and consumer confidence.

But I think Harvey Norman is more interesting than a simple retail story.

It has a well-known brand, a large store network, offshore operations, and a significant property-backed element to the business. That property exposure gives it a different feel from many other retailers.

There are risks. If households remain under pressure from rising fuel costs, higher mortgage repayments, and cost-of-living concerns, spending on furniture, electronics, and appliances could be uneven.

But for investors focused on income, the valuation and yield are the attraction.

Consensus estimates point to Harvey Norman offering a dividend yield of around 8.5% in both FY26 and FY27.

While no dividend forecast is ever guaranteed, this is a business that has been through plenty of cycles before and continued to reward shareholders.

Foolish takeaway

Inflation at 4.6% changes the income conversation.

A 4% yield may no longer feel like enough for investors trying to protect their purchasing power.

That is why I think GQG Partners and Harvey Norman are worth a closer look. Both offer forecast yields above 8% in FY26 and FY27, based on consensus estimates.

Combined, I think they could help income investors fight inflation.

The post I'd buy these ASX income stocks to beat inflation appeared first on The Motley Fool Australia.

Rather than chasing high-risk growth, the right ASX dividend share will give you an income, some relative stability, and also potential for compounding growth.

Here are two reliable, high-yield ASX dividend shares that could be a great addition to any portfolio.

GQG Partners Inc (ASX: GQG)

GQG is a global boutique asset management company focused on active equity portfolios. It offers investment advisory and portfolio management services for pension funds, sovereign funds, wealth management companies, and individual investors across three continents.

Earlier this month, GQG reported a challenging quarter due to heightened market volatility and ongoing geopolitical risk. The company reported FUM of US$162.5 billion as at 31 March 2026. This included net outflows of US$8.6 billion for the quarter.

But GQG said its defensive investment positioning, favouring companies with stable earnings and strong fundamentals, helped all major strategies outperform benchmarks.

The funds management giant has historically paid four unfranked dividends per year to its shareholders, in March, June, September and December.

Most recently, GQG paid a final unfranked dividend of US$0.0357 to investors last month. Full-year dividends declared were US$0.1469 per share, a 7.5% increase from the previous year. At the time of writing, this translates to a dividend yield of around 12%.

The company is also expected to provide shareholders with a dividend yield of around 11% in FY26 and FY27.

IPH Ltd (ASX: IPH)

IPH provides intellectual property (IP) services through a network of global brands. The group operates across ten jurisdictions in 25 countries, including Australia, New Zealand, Southeast Asia, and the US, which makes it the largest IP services provider in the Asia-Pacific region. 

Its services cover everything from patent filing and trademarks to prosecution, portfolio management, and enforcement. 

The ASX dividend company has a long history of consistently generating a strong cash flow from its operations. For example, the company reported cash conversion of 101% in its first-half FY26 results.

It is this strong cash flow that has enabled the company to be an established and reliable dividend payer. The company has also been able to increase its dividend over time.

IPH pays two partially or fully-franked dividends a year, in March and September.

IPH paid an interim partially-franked dividend of 19 cents per share last month and is expected to pay fully-franked dividends of 38 cents per share in FY26. That translates to a dividend yield of around 11% at the time of writing.

IPH is expected to increase its dividend payment to 39 cents per share in FY27. This impliesa higher dividend yield of around 12%. 

The post 2 ASX dividend shares yielding 11% or even more appeared first on The Motley Fool Australia.

And in a perfect world, this is all that we would experience.

Unfortunately, the investing world isn't perfect and sometimes shares you own will cop a downgrade from brokers.

Two such ASX shares that have experienced exactly this from analysts at Morgans this week are named below. Let's see why the broker has just downgraded these shares:

GQG Partners Inc (ASX: GQG)

This fund manager released its quarterly update this month. While the broker sees a few positives from the update, the overall story remains somewhat negative with outflows continuing.

Combined with a poor investment performance, this has seen Morgans lower its medium-term earnings estimates for GQG Partners.

This has led to the broker downgrading GQG Partners' shares to an accumulate rating with a trimmed price target of $1.92. This implies potential upside of 13% for investors from current levels. It commented:

GQG has provided a March FUM update. Whilst GQG monthly outflows remained negative (-US$1.2bn), they did improve significantly on the February and January levels (-US$3.2bn and -US$4.2bn respectively), albeit it was a more difficult month for investment performance (-~US$9bn) – in line with market volatility. We lower our GQG FY26F/FY27F EPS by -5%-8% based on the reduced FUM levels detailed in the quarterly. Our PT is set at A$1.92 (previously A$2.03). We continue to see medium-term value in GQG, but with less upside to our PT we move from BUY to ACCUMULATE.

Mineral Resources Ltd (ASX: MIN)

Another ASX share that Morgans has downgraded this month is mining and mining services company Mineral Resources.

The broker made the move in response to negative weather impacts and higher cost assumptions due to inflation in shipping and fuel.

Morgans has cut its recommendation on Mineral Resources shares to an accumulate rating with a trimmed price target of $67.00. This implies potential upside of 14% for investors over the next 12 months. It commented:

We have updated our 2H26 forecasts to reflect weather impacts in 3Q26, which we expect to have a modest effect on Onslow iron ore shipments, alongside minor increases to cost and capex assumptions driven by inflation in shipping and fuel. We have also incorporated our revised LT iron ore price of US$85/t (previously US$80/t). Net these changes our target price moves to A$67ps (previously A$68ps) and we move to an ACCUMULATE rating (previously BUY) as recent share price strength has reduced valuation upside.

The post 2 ASX shares downgraded by Morgans this week appeared first on The Motley Fool Australia.

That combination gives you the best of both worlds: long-term capital growth and immediate passive income. For an investor thinking a decade ahead, that's the kind of ASX share mix that can help build both wealth and retirement income.

Let's take a closer look.

Pro Medicus Ltd (ASX: PME)

The growth pick is Pro Medicus. The $14 billion ASX share has lost 38% of its value in 2026. Even after its sharp sell-off earlier this year, this remains one of the highest-quality growth businesses on the ASX.

The radiology imaging software specialist recently delivered another strong half, with revenue and profit surging, and it continues to land long-duration US hospital contracts. In just the past two weeks, Pro Medicus has landed two significant US contracts and that's starting to shift sentiment.

Importantly, the February result-driven plunge pushed the stock to a fresh 52-week low near $108, despite record earnings. That disconnect is exactly what makes the ASX healthcare share interesting.

This is a business with world-class margins, no debt, sticky healthcare clients, and a huge US expansion runway. Its Visage imaging platform is deeply embedded into hospital workflows, making switching incredibly difficult.

While the valuation still isn't cheap, quality software leaders rarely are. In light of the recent weakness, most brokers see Pro Medicus as a strong buy, with the maximum average 12-month price target set at $275. That's a potential 100% upside, at current price levels.

For patient investors, this looks like a rare chance to buy a premium ASX growth share well below its highs.

GQG Partners Inc. (ASX: GQG)

The funds management giant continues to stand out as one of the market's most attractive dividend plays, currently offering a double-digit yield above 11% based on recent payouts. Morgans is expecting very generous dividend yields of 11% in FY 2026 and FY 2027.

What I like most is that GQG's dividend isn't just high for the sake of it. The ASX share throws off serious cash, boasts strong profit margins, and still trades on a relatively modest earnings multiple.

If global equity markets remain supportive and funds under management (FUM) continue to grow, investors could enjoy both juicy income and capital upside. On Monday GQG reported FUM of US$162.5 billion as at 31 March 2026. That included net outflows of US$8.6 billion for the quarter, a clear red flag for the market.

Despite the recent setback, Morgans recently upgraded the ASX share to a buy rating (from accumulate) and lifted its price target from $1.89 to $2.03. That implies around 19% upside from the current share price of $1.70 over the next 12 months.

The post One ASX share to double, one yielding 11% — ASX picks for April appeared first on The Motley Fool Australia.

Zoom out, and the trend hasn't been pretty. Over the past 12 months, the ASX financial stock is down 13%, badly lagging the S&P/ASX 200 Index (ASX: XJO), which has climbed 15.6% over the same period.

So what's driving the weakness?

The headline number is hard to ignore. GQG reported funds under management (FUM) of US$162.5 billion as at 31 March 2026. That included net outflows of US$8.6 billion for the quarter — a clear red flag for the market. Throughout 2025, the ASX financial stock saw a total of US$3.9 billion leave its funds. 

For fund managers, flows are everything. Outflows don't just hit revenue; they also signal fading investor confidence. And right now, that's exactly what the market is reacting to.

Management of the ASX financial stock didn't sugarcoat the backdrop. The quarter was shaped by heightened volatility, with geopolitical tensions and macroeconomic uncertainty weighing heavily on global markets. In that kind of environment, investors often pull money or shift into safer assets.

Backing its playbook

But here's where it gets interesting. GQG stuck to its playbook. The firm maintained a defensive stance, focusing on companies with stable earnings and strong fundamentals. That strategy delivered, as all major investment strategies outperformed their benchmarks during the period.

In other words, performance wasn't the problem. Instead, the pressure is coming from a disconnect. Strong relative returns, but money still walking out the door.

One area in particular continues to weigh heavily: emerging markets. This part of the strategy of the ASX financial stock has seen the deepest underperformance and remains a key source of outflows. Until that segment stabilises, it's likely to act as a drag on overall sentiment.

Cautious stance

Management, however, is playing the long game. It emphasised strong alignment with clients and shareholders and doubled down on its core objective, protecting capital in what it sees as a period of elevated downside risk.

That's a cautious stance. And in today's market, caution doesn't always win immediate applause.

The bottom line?

GQG isn't struggling to generate returns. It's struggling to hold onto capital. Until flows turn, the price of the ASX financial stock may remain under pressure. Even if performance stays solid.

For investors, the key question is whether these outflows are temporary, driven by short-term volatility, or something more structural.

Because if confidence returns, GQG could stabilise quickly.

But for now, the market is focused on what's leaving, not what's working.

The post Why this $5 billion ASX financial stock is slipping today appeared first on The Motley Fool Australia.

What did GQG Partners report?

• Total FUM at 31 March 2026: US$162.5 billion, down from US$172.9 billion at the start of March
• Net outflows: US$1.2 billion for March; US$8.6 billion for the quarter
• Positive investment performance added US$7.3 billion in the quarter
• Core strategies (International, Emerging, Global, US) all outperformed their respective benchmarks
• Fees primarily based on assets managed, with little reliance on performance fees

What else do investors need to know?

GQG saw a challenging quarter, with heightened market volatility driven by rising geopolitical and macroeconomic risks. The group's defensive investment positioning, favouring companies with stable earnings and strong fundamentals, helped all major strategies outperform benchmarks.

Despite the net outflows, GQG's management emphasised strong alignment with shareholders and clients. The company remains committed to safeguarding client assets in what they described as a period of substantial downside risk.

What's next for GQG Partners?

Looking ahead, GQG Partners will continue focusing on its defensive investment strategy to help protect against ongoing market uncertainty. The company highlighted a strong alignment of interests between management, shareholders, and clients, supporting a forward-looking, resilient approach.

Upcoming FUM updates are scheduled for 12 May, 10 June, and 13 July 2026, which will give investors further insight into trends across GQG's suite of global strategies.

GQG Partners share price snapshot

Over the past 12 months, GQG Partners shares have declined 14%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.

View Original Announcement

The post GQG Partners share price in focus as Q1 FUM update reveals outflows appeared first on The Motley Fool Australia.

The market was closed on Monday as Australians celebrated Easter.

The S&P/ASX 200 Index (ASX: XJO) ripped 4.41% to 8,960.6 points over the four trading days.

The remarkable recovery followed news of a two-week ceasefire deal between the US and Iran.

ASX investors hope this will pave the way toward an end to the war in Iran.

Investors continued to buy the dip last week following the steep sell-off over the first three weeks of March.

ASX 200 shares fell 9.1% between 2 March and 23 March before a rebound began, with the index now up 7.1% since then.

James Gerrish from Shaw and Partners says "war fear" in the market is fading but "we're not out of the woods yet".

Businesses across multiple sectors are still assessing the impact of the oil shock, which is likely to reverberate for months to come.

Let's recap the week.

Financial shares led the ASX sectors last week

The ASX 200 financial sector incorporates bank shares, insurers, fund managers, financial services providers, and more.

Let's take a look at how some of these ASX financial stocks performed last week.

The Commonwealth Bank of Australia (ASX: CBA) share price rose 5.98% to close at $183.38 on Friday.

ANZ Group Holdings Ltd (ASX: ANZ) shares lifted 6.31% to $38.84.

Westpac Banking Corp (ASX: WBC) shares ascended 6.87% to $42.77.

The National Australia Bank Ltd (ASX: NAB) share price spiked 9.06% to $45.36.

The Macquarie Group Ltd (ASX: MQG) share price soared 9.3% to finish the week at $225.

Among the ASX 200 investment companies and fund managers, GQG Partners Inc (ASX: GQG) shares fell 0.28% to $1.78.

Magellan Financial Group Ltd (ASX: MFG) shares fell 0.84% to $9.45 amid a shareholder vote on the Barrenjoey merger on Friday.

Magellan announced it had received more than 90% approval from shareholders.

Washington H. Soul Pattinson and Co Ltd (ASX: SOL) shares lifted 3.92% to $42.98.

Among the financial services providers, AMP Ltd (ASX: AMP) shares lifted 6.06% to $1.37.

The Challenger Ltd (ASX: CGF) share price lost 2.6% to close at $8.07 on Friday.

ASX 200 buy now, pay later share Zip Co Ltd (ASX: ZIP) ripped 16.5% to $1.85.

Among the insurers, Insurance Australia Group Ltd (ASX: IAG) shares fell 1.03% to $7.21.

Medibank Private Ltd (ASX: MPL) shares lifted 1.92% to $4.52.

The QBE Insurance Group Ltd (ASX: QBE) share price ascended 4.13% to $22.46.

ASX 200 market sector snapshot

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

Over the four trading days:

Looking for inspiration after the March sell-off?

Check out these 7 ASX 200 shares just upgraded to strong buy consensus ratings after last month's turmoil.

The post ASX 200 shares rip with financials leading a remarkable recovery last week appeared first on The Motley Fool Australia.

To narrow things down, let's take a look at two ASX dividend shares that brokers think could be among the best to buy now.

Here's what they are recommending:

GQG Partners Inc (ASX: GQG)

Morgans thinks this investment management company's shares could be undervalued at current levels.

In response to its improving investment performance, the broker recently put a buy rating and $2.03 price target on its shares.

But more importantly, Morgans is expecting double-digit dividend yields over its forecast period. It said:

GQG has provided a February FUM update.  Whilst monthly net flows remained negative (-US$3.2bn), strong February investment performance (+US$10.5bn), which drove +4.5% FUM growth, made this a positive update in our view. We lift our GQG FY26F/FY27F EPS by +1%-+2%, driven by increased FUM forecasts based on better investment performance than we expected. Our PT rises to A$2.03 (previously A$1.89).

We acknowledge it remains early, but the improved January and February investment performance for GQG might mark the start of a business turnaround. We continue to see the stock as undervalued trading on 8x FY1 PE and an ~11% dividend yield. With >20% TSR upside, we move to a BUY rating, previously Accumulate.

Harvey Norman Holdings Ltd (ASX: HVN)

The team at Bell Potter thinks that retail giant Harvey Norman could be a top ASX dividend share to buy.

Last week, it put a buy rating and $6.70 price target on its shares.

As for income, it is forecasting fully franked dividend yields of 6.2% in FY 2026 and then 7% in FY 2027.

Commenting on the retailer, the broker said:

Our PT is based on a sum-of-the-parts valuation with a DCF methodology (WACC ~9%, TGR 3.5%, FY26-30e) for retail operations (exProperty) and the property bank on a fair value basis (as BPe for FY26e) assuming a broadly stable capitalisation rate for the remainder of FY26e.

While our preference skews to category specialists with balance sheet strength, we see HVN's well balanced geographical diversification somewhat offsetting the multi-category risks. Following the sharp sell-off in the name since Oct-25, HVN's 1-year forward P/E of ~13x (as per BPe) appears attractive considering the new store driven growth in international retailing (UK, Malaysia, Croatia), refit program in Australia and opportunities to grow their real estate portfolio as Australia's single largest owner in large format retail with a global portfolio of ~$4.6b.

The post 2 of the best ASX dividend shares to buy in April appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) has climbed 1% higher in Tuesday afternoon trade, but the index is still down 7% over the past month.

The index-wide sell-off means some ASX income stocks are now trading at very attractive prices. 

Here are three of them.

GQG Partners Inc (ASX: GQG)

GQG Partners' shares are up 3.9% at the time of writing, to $1.74 a piece. For the year-to-date the shares are down 0.85% and they're down nearly 18% over the past year.

The company posted strong FY25 earnings results in mid-February and a total funds under management (FUM) of US$172.9 billion for the month, up from US$165.7 billion in January, thanks to strong investment performance. 

But it looks like investors were concerned about the company's net outflows. While the total FUM increased during February, GQG continues to face consecutive months of net outflows. 

But investors view the latest FUM growth update as a potential turning point for the company, with some expecting the FUM to keep increasing each month from here.

Analysts rate the stock as a buy and tip a potential 16.7% upside to $1.96 at the time of writing.

Dexus (ASX: DXS)

Dexus shares are also trading in the green on Tuesday afternoon. At the time of writing, the share price is up 0.2% to $5.93 a piece. For the year-to-date the shares are down nearly 15%, and they're 16% below where they were this time last year.

The ASX income stock's share price has tumbled off the back of concerns about Australia's interest rate direction, high borrowing costs, and investor uncertainty. 

But the real estate stock is diverse with a steady and reliable income. And it's this diversity and reliable income that enable Dexus to pay a reliable dividend to its investors. 

Analysts tip an average upside of 24% to $7.33 per share.

Endeavour Group (ASX: EDV)

Endeavour Group shares have tumbled 0.5% to $3.30 a piece, at the time of writing. 

The alcoholic beverages retailer, hotel operator, and poker machines operator's share have been smashed by a pickup in inflation woes, market volatility and tighter spending during March. The shares are now down 18.5% over the past month alone and 14% lower over the past year.

The ASX income stock is at the beginning of a strategy reset which could help boost its bottom line. At the moment, the company generates a solid cash flow and pays a regular dividend. 

Analysts tip a potential 12% upside to $3.70 at the time of writing. 

The post 3 ASX income stocks trading at attractive prices appeared first on The Motley Fool Australia.

That's because they have recently been named as buys by analysts at Morgans. Here's what the broker is recommending to clients:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure is the owner of the Dalrymple Bay Terminal, which provides terminal infrastructure and services for producers and consumers involved in Australian coal exports.

It effectively functions as a metallurgical coal export facility that operates as a gateway for coal from the Bowen Basin and forms part of the global steelmaking supply chain.

Morgans believes that recent share price weakness has created a buying opportunity for income investors. It said:

DBI's share price has declined c.14% since its high on its FY25 reporting day in February. We see no factor causing a material change to the fundamental value of the business. Our forecasts and valuation includes the higher interest rate environment and elevated short-term inflation. Hence no change to our $5.35 target price. Forecast changes are negligible.

At current prices we estimate potential TSR of c.21% (including a forecast 6.2% cash yield). We view this as an attractive return (with significant margin of safety) for a defensive but growing infrastructure asset. Hence we upgrade from HOLD to BUY.

As for income, the broker is forecasting dividends of 28 cents per share in FY 2026 and then 31 cents per share in FY 2027. Based on its current share price of $5.07, this would mean dividend yields of 5.5% and 6.1%, respectively.

GQG Partners Inc (ASX: GQG)

Another ASX dividend share that Morgans recently upgraded to a buy rating is fund manager GQG Partners.

It appears optimistic that a recent uptick in its investment performance could be the start of a turnaround after a long period of fund outflows. It said:

GQG has provided a February FUM update.  Whilst monthly net flows remained negative (-US$3.2bn), strong February investment performance (+US$10.5bn), which drove +4.5% FUM growth, made this a positive update in our view. We lift our GQG FY26F/FY27F EPS by +1%-+2%, driven by increased FUM forecasts based on better investment performance than we expected. Our PT rises to A$2.03 (previously A$1.89).

We acknowledge it remains early, but the improved January and February investment performance for GQG might mark the start of a business turnaround. We continue to see the stock as undervalued trading on 8x FY1 PE and an ~11% dividend yield. With >20% TSR upside, we move to a BUY rating, previously Accumulate.

Morgans is expecting very generous dividend yields of over 10% in FY 2026 and FY 2027.

The post Where to invest $2,000 in ASX dividend shares appeared first on The Motley Fool Australia.