Brokers have indicated new confidence in several ASX shares this week.

Let's take a look.

Codan Ltd (ASX: CDA)

The Codan share price is $40.48, up 0.7% today.

This ASX 200 tech share is knocking it out of the park.

The Codan share price has lifted 40% in 2026 and 138% over 12 months.

Macquarie upgraded Codan shares from a neutral to outperform rating on Thursday.

The broker raised its target from $42 to $44.20, suggesting another 9% upside ahead.

Brambles Ltd (ASX: BXB)

The Brambles share price is $21.95, up 0.6% today.

This ASX 200 industrial share has weakened 3.7% in 2026 so far.

Jarden upgraded Brambles shares to a buy rating this week.

The broker shaved its 12-month price target from $25.60 to $25.15.

This implies a potential 15% upside ahead.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine Estates share price is $4.20, up 0.7% today.

Over the past six months, this ASX 200 wine share has fallen 21%.

Morgans upgraded Treasury Wine Estates shares to a buy rating yesterday.

The broker explained the rating change:

We see TWE's Investor Day on 4 June as a key share price catalyst. At this event, the company intends to share its detailed plans and targets for its portfolio and operating model to support a future state TWE.

TWE's recent trading update was positive with strong depletion growth, highlighting the strength of its brands. It also has the support of its banks with new debt commitments secured. 2H26 EBITS is on track to be higher than the 1H26.

Following material share price weakness, given its low trading multiples and our belief that new management can deliver more acceptable returns overtime, we upgrade to a BUY recommendation.

Inghams Group Ltd (ASX: ING)

The Inghams share price is $1.97, up 2.3% today.

This S&P/ASX 300 Index (ASX: XKO) consumer staples share has fallen 22% in the calendar year to date.

Jarden upgraded ING shares to a buy rating this week.

The broker raised its 12-month price target from $2.50 to $2.70.

This implies a healthy potential 37% upside ahead.

Metcash Ltd (ASX: MTS)

The Metcash share price is $2.97, up 1.9% today.

This ASX 200 supermarket share has fallen 22% over six months.

Jefferies upgraded Metcash shares to a buy rating this week.

The broker lifted its target slightly from $3.45 to $3.50.

This indicates a potential 18% upside ahead.

The post 5 ASX shares with upgraded ratings this week appeared first on The Motley Fool Australia.

With that in mind, let's look at a number of ASX 200 shares that have been upgraded this week. Here's what's happening:

Codan Ltd (ASX: CDA)

The team at Macquarie has upgraded this metal detector manufacturer's shares to an outperform rating with an increased price target of $44.20. Based on its current share price of $39.67, this implies potential upside of approximately 11.5% for investors.

Macquarie is feeling bullish on the company's exposure to the booming unmanned aerial vehicle (drone) market.

News Corp (ASX: NWS)

Macquarie has also become positive on media giant News Corp. This week the broker has upgraded News Corp shares to an outperform rating with an improved price target of $46.25. Based on its current share price of $42.16, this implies potential upside of almost 10% over the next 12 months.

The broker believes the media conglomerate is successfully reinforcing the proprietary nature of its data. It highlights that News Corp's earnings are benefiting as the company executes on content license deals with artificial intelligence (AI) companies.

In addition, Macquarie points out that the ASX 200 share is leaning into AI as a way to generate internal efficiencies.

Inghams Group Ltd (ASX: ING)

The team at Macquarie has been at it again, upgrading this poultry producer's shares this week.

On Tuesday, Inghams released a trading update which revealed that sales volumes were up 1.1% for the first nine months of FY 2026.

As a result, management has been able to reaffirm its FY 2026 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."

In response to the update, Macquarie upgraded the ASX 200 share to a neutral rating (from underperform) with a $1.80 price target. This compares to the current Inghams share price of $1.90.

It also expects a dividend yield of approximately 5.2% over the next 12 months.

Macquarie believes that the company is positioned for growth thanks to better cost of production and improvements across its supply chain.

Elsewhere, Jarden has upgraded Inghams to an overweight rating with a $2.70 price target. Jarden also upgraded Brambles Ltd (ASX: BXB) shares to an overweight rating with a $25.15 price target.

The post 4 ASX 200 shares upgraded by brokers this week appeared first on The Motley Fool Australia.

Inghams is a leading vertically integrated poultry producer (from stock feed to end products) with a market leading position in Australia and the number two participant in New Zealand.

It supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants including McDonalds and KFC.

Share price snapshot

Inghams shares were in a free fall up until last week. 

From the start of January until close of trade last Friday, the poultry producer's shares had fallen 32%. 

However on Monday, Inghams shares jumped almost 7%, followed by a further 8% rise yesterday. 

Investors reacted positively to an update from the company that included: 

• Reaffirmed FY26 guidance for Underlying EBITDA (pre AASB 16) of $180 million to $200 million
• For the first nine months of FY26, group core poultry volumes rose 1.1% versus prior comparable period (PCP)
• Group core poultry net selling prices increased 1.1% versus PCP
• Annualised cost savings initiatives expected to deliver $60–80 million
• Revised capital expenditure guidance of approximately $80 million for FY26. 

Chief Executive Officer and Managing Director said Ed Alexander said:

We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.

What is Bell Potter's view?

Following this impressive 15% rise, investors may be wondering if the tide has officially turned after a rough few months. 

The team at Bell Potter have subsequently raised their EBITDAL (Earnings Before Interest, Taxes, Depreciation, and Amortisation and Leases) forecasts by +4% in FY26e, +6% in FY27e and +9% in FY28e. 

Upgrades are reflective of higher baseline EBITDAL in the Australian business through 3Q26e and incorporation of targeted initiatives in FY27-28e. Our target price is now $2.10ps (prev. $2.00ps).

Modest upside for Inghams shares

Based on this updated price target of $2.10, this indicates an upside potential of just over 7% from current levels. 

The underlying 3Q26 exit rate in Australia looked strong, and for the most part this mitigates the estimated 4Q26 impact of rising fuel costs. Looking into FY27e, cost out initiatives are likely to blunt some of the impact of inflationary costs pressures in area such as labour, fuel, packing and feed, with the key area of risk being any material rotation in channel to market or supply growth.

The post Are Inghams shares a buy, hold or sell after jumping 15% this week? 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.

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

Dyno Nobel Ltd (ASX: DNL)

The Dyno Nobel share price is up 10% to $3.66. Investors have been buying the explosives manufacturer's shares following the release of a strong half-year result. The company revealed that net profit after tax excluding individually material items increased 83.3% to $160.9 million. This allowed the Dyno Nobel board to increase its interim dividend by 91.7% to 4.6 cents per share. Commenting on the result, the company's CEO, Mauro Neves, said: "1H26 marks the beginning of a new era for Dyno Nobel as we concluded our separation from the Fertilisers business and move forward as a pureplay global explosives leader."

Inghams Group Ltd (ASX: ING)

The Inghams share price is up 5% to $1.78. This follows the release of a trading update from the poultry producer which revealed that 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. Inghams' CEO and managing director, Ed Alexander, said: "We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment."

Metcash Ltd (ASX: MTS)

The Metcash share price is up 6% to $2.90. This is in response to the release of a trading update from the wholesale distributor this morning. Metcash revealed that it expects to report revenue growth of 0.7% for FY 2026 with underlying net profit after tax in the region of $268 million to $270 million. Looking ahead, management advised that its ongoing cost initiatives are targeting at least ~$25 million in annualised savings in FY 2027. Metcash's CEO, Doug Jones, said: "We have delivered a solid result supported by the resilience of our Food and Liquor businesses, our diversified portfolio and disciplined execution."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 4.5% to 11.5 cents. This morning, the energy company announced the exit of its CEO, Peter Stokes. He will be replaced by Shelley Robertson, effective 1 June. The release notes that Ms Robertson is a highly respected and influential leader in the Australian resource and energy sector. She was previously the chief operating officer at Fortescue Ltd (ASX: FMG).

The post Why Dyno Nobel, Inghams, Metcash, and Strike Energy shares are charging higher today appeared first on The Motley Fool Australia.

Despite today's rally, the ASX 300 stock remains heavily down over longer periods. Inghams shares have fallen 28% year to date and are down 53% over the past 12 months. By comparison, the S&P/ASX 300 Index (ASX: XKO) has gained around 5% over the same period.

So, what exactly did the ASX 300 stock report?

Poultry volumes and prices rise

The ASX 300 food stock reaffirmed FY26 underlying EBITDA guidance of between $180 million and $200 million before AASB 16 adjustments, giving investors confidence that trading conditions have stabilised despite ongoing cost pressures.

Inghams also revealed that group core poultry volumes rose 1.1% during the first nine months of FY26 compared with the prior corresponding period. At the same time, core poultry net selling prices also increased 1.1%.

Investors appeared particularly encouraged by the ASX 300 stock's operational progress and cost-saving measures. Inghams said its annualised cost-saving initiatives are expected to deliver between $60 million and $80 million in benefits.

Inghams additionally revised FY26 capital expenditure guidance to approximately $80 million.

Commenting on the result, Chief Executive Officer and Managing Director Ed Alexander said:

We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.

Reduced frozen inventory

The ASX 300 food stock highlighted stronger operational execution across several areas, including yield improvements, labour productivity, and inventory management. Inghams also reduced frozen inventory by $25 million, helping improve system balance and strengthen cash flow generation.

However, the food producer still faces meaningful challenges. Management warned that cost pressures remain elevated across feed, diesel fuel, and packaging. Inghams expects higher fuel costs alone to create a net $7 million to $10 million impact during FY26, although pricing actions and operational efficiencies are expected to partially offset the pressure.

Inghams noted that feed costs are currently well covered for FY26, but higher costs are expected to emerge in FY27.

What next for Inghams?

Even so, Inghams said it remains focused on stabilising operations, improving asset utilisation and increasing value per bird. Management believes ongoing operational improvements and tighter cost controls should continue supporting earnings growth despite uncertain input costs.

The ASX 300 food stock is also pursuing growth opportunities beyond its traditional poultry operations. Inghams is expanding its ingredients and higher-value product divisions while leveraging recent investments and scaling new initiatives, including the launch of the Bostocks brand in Australia.

For investors, today's strong rally suggests the market was relieved to see the consumer staples share maintain guidance and demonstrate improving execution after a difficult 12 months.

The post Why is this ASX 300 food stock racing higher today? appeared first on The Motley Fool Australia.

What did Inghams Group report?

• Reaffirmed FY26 guidance for Underlying EBITDA (pre AASB 16) of $180 million to $200 million
• For the first nine months of FY26, group core poultry volumes rose 1.1% versus prior comparable period (PCP)
• Group core poultry net selling prices increased 1.1% versus PCP
• Annualised cost savings initiatives expected to deliver $60–80 million
• Revised capital expenditure guidance of approximately $80 million for FY26

What else do investors need to know?

Inghams continues to make operational improvements, with stronger performance reported in areas such as yield, labour, and inventory management. The company reduced its frozen inventory by $25 million, which has helped restore system balance and improve cash flows.

Cost pressures remain a focus, particularly feed, diesel fuel, and packaging. The company noted a net $7–10 million impact expected from higher fuel costs in FY26, partially offset by pricing actions and efficiency gains. Feed costs are presently well covered for the year, though higher costs are expected in FY27.

What did Inghams Group management say?

Chief Executive Officer and Managing Director said Ed Alexander said:

We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.

What's next for Inghams Group?

Inghams says it will maintain its focus on stabilising the business, optimising assets, and growing value per bird. The company's ongoing operational improvements and cost controls are expected to support further earnings and return growth, even as it navigates uncertainties in input costs.

Growth priorities include expanding ingredients and higher value product segments, leveraging recent investments, and scaling new business initiatives like launching the Bostocks brand in Australia.

Inghams Group share price snapshot

Over the past 12 months, Inghams Group shares have declined 55%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Inghams Group boosts FY26 guidance as poultry volumes and prices rise appeared first on The Motley Fool Australia.

The US and Iran launched missile strikes against each other in the Strait of Hormuz overnight as the US tried to restore shipping.

Meanwhile, the Reserve Bank of Australia (RBA) raised interest rates for a third consecutive time to 4.35% today due to rising inflation.

In a statement, the RBA said:

Inflation picked up materially in the second half of 2025, and information since the beginning of this year confirms that some of this increase reflected greater capacity pressures.

In addition, the conflict in the Middle East has resulted in sharply higher fuel and related commodity prices, which are already adding to inflation.

There are early signs that many firms experiencing cost pressures are looking to increase prices of their goods and services.

The Brent crude oil price hit a four-year high earlier today as the market becomes increasingly pessimistic that the war will end soon.

Economists are warning that oil shocks have a long-tail economic impact, and the RBA appears acutely aware of the upside risk to CPI.

Today, four of the 11 market sectors finished in the red, with energy in the lead, up 0.89%, while financials lagged, down 0.5%.

Scores of ASX 200 shares hit fresh 52-week lows today.

They included former market darling CSL Ltd (ASX: CSL) and retail stalwart Wesfarmers Ltd (ASX: WES) shares.

Let's take a look.

CSL Ltd (ASX: CSL)

The CSL share price hit a 9-year low of $122.48 today.

The ASX 200 healthcare giant has lost half its value over the past 12 months.

Company issues have compounded the impact of a broader ASX 200 healthcare sector rout due to many global headwinds.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price reached a 52-week low of $71.31 today.

The market's largest ASX 200 consumer discretionary share is down 9% over 12 months.

Consumer sentiment is crumbling in Australia today.

Last month, the consumer sentiment index recorded its biggest fall since the beginning of the pandemic five years ago.

Amcor Ltd (ASX: AMC)

The Amcor share price hit a 12-year low of $51.42 today, and is down 28% over 12 months.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price fell to a record low of $3.13 today, and is down 22% over 12 months.

Harvey Norman Holdings Ltd (ASX: HVN)

The Harvey Norman share price hit a 52-week low of $4.39 today.

Stock in the ASX 200 furniture retailer has tumbled 15% over 12 months.

Ansell Ltd (ASX: ANN)

The Ansell share price dropped to a 2-year low of $25.35 today, and is down 18% over 12 months.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price hit a 3-year low of $11.47 on Tuesday, and is down 12% over 12 months.

Austal Ltd (ASX: ASB)

Austal shares fell to a 52-week low of $4.01 today.

The ASX 200 industrial share has fallen 21% over 12 months.

ARB Corporation Ltd (ASX: ARB)

The ARB Corporation share price hit a 52-week low of $17.89 today, and is down 43% over 12 months.

Nick Scali Ltd (ASX: NCK)

The Nick Scali share price hit a 52-week low of $14.03, and has cooled 18% over 12 months.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price hit a 2-and-a-half-year low of $5.29 today.

This ASX 200 retail share has lost 69% of its market capitalisation in 12 months.

Inghams Group Ltd (ASX: ING)

The Inghams share price descended to a 52-week low of $1.71 today.

The ASX 200 consumer staples share has fallen 51% over 12 months.

Centuria Office REIT (ASX: COF)

Centuria shares dipped to a 52-week low of 92 cents today.

The ASX 200 real estate investment trust (REIT) has decreased 26% over 12 months.

Accent Group Ltd (ASX: AX1)

Accent shares hit a 13-year low of 51 cents, and are down 72% over 12 months.

Adairs Ltd (ASX: ADH)

The Adairs share price hit a 52-week low of $1.25, and is down 51% over 12 months.

The post CSL and Wesfarmers among scores of ASX shares hitting fresh 52-week lows 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:

EQ Resources Ltd (ASX: EQR)

The EQ Resources share price is down 5.5% to 25.5 cents. This follows news that the tungsten producer announced that it will not go ahead with the proposed acquisition of Tungsten Metals Group. EQR Resources' managing director, Craig Bradshaw, said: "Following thorough engagement with TMG Group throughout 2025 and a careful review of our strategic priorities during the second and third quarters of FY2026, the Board has determined that proceeding with the acquisition is not in the best interests of shareholders at this time."

Inghams Group Ltd (ASX: ING)

The Inghams share price is down 4% to $1.81. This may have been driven by a broker note out of Bell Potter. According to the note, the broker has downgraded the poultry producer's shares to a hold rating (from buy) with a reduced price target of $2.00 (from $2.75). It said: "We downgrade our rating from Buy to Hold. Recent commentary from other ASX listed entities would imply a softening in foodservice and out-of-home channels as consumer confidence has weakened over March-April."

ResMed Inc (ASX: RMD)

The ResMed share price is down 4% to $28.53. Investors have been selling the sleep disorder treatment company's shares following the release of its third-quarter update. ResMed reported an 11% (8% in constant currency) increase in revenue to US$1.4 billion. However, higher expenses meant that net income increased at a slower rate of 9% to US$398.7 million. ResMed's CEO, Mick Farrell, said: Our third quarter results reflect the continued strength of our global business, driven by ongoing demand for our market-leading products and disciplined execution of our strategy."

Skycity Entertainment Group Ltd (ASX: SKC)

The Skycity share price is down over 3% to 52.2 cents. This morning, the casino and resorts operator downgraded its earnings guidance. It now expects underlying EBITDA to be $180 million to $190 million. This is down from its previous guidance of $190 million to $210 million. The company blamed the negative impact that rising fuel prices are having on consumers.

The post Why EQ Resources, Inghams, ResMed, and Skycity shares are tumbling today appeared first on The Motley Fool Australia.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) fell 1.79% to finish the week at 8,786.5 points.

ASX investors are feeling increasingly pessimistic that the war in Iran will end anytime soon.

This was likely a factor behind the support for ASX 200 consumer staples and utilities shares last week.

Consumer staples and utilities are among the most defensive of the 11 market sectors during economic upheaval.

This is because staples and utilities companies have reliable income streams, given they sell essential goods and services.

Another sector considered somewhat defensive is real estate investment trusts (REITs), which lifted 0.14% last week.

The glaring exception among defensives last week was healthcare, a sector that continues to face multiple headwinds.

A 42% dive in Cochlear Ltd (ASX: COH) shares pushed the S&P/ASX 200 Health Care Index (ASX: XHJ) to a 6-year low last week.

Technology also finished just inside the green, as the sector continues its rebound from a prolonged downturn.

Iran war drags on

Oil and gas prices spiked 15% to 18% and ASX 200 shares spent four consecutive days in the red last week.

The world is anxiously awaiting news of when a second round of US-Iran peace talks will begin.

Lucinda Jerogin, Associate Economist at CBA, said:

… fundamentally the situation has not changed; no talks, no fighting and no ships passing through the Strait of Hormuz.

Iran has stated it will neither reopen the Strait nor engage in negotiations until the US lifts its naval blockade.

The longer the Strait remains closed, the greater the costs to the world economy through higher energy prices and supply chain disruptions.

The International Monetary Fund (IMF) has warned of a global recession given the long-tail impact of energy shocks.

In Australia, expectations of higher inflation and more interest rate rises do not bode well for the economy.

The market is factoring in a 69% chance of a rate rise next month. Meanwhile, consumer confidence has tanked.

The Westpac-Melbourne Institute Consumer Sentiment Index recorded its biggest fall in five years this month.

All of these broader macroeconomic concerns likely contributed to support for ASX 200 defensive sectors last week.

Consumer staple shares led the ASX sectors last week

The sector's largest stock, Woolworths Group Ltd (ASX: WOW), gained 2.99% to finish at $37.89 per share on Friday.

The Coles Group Ltd (ASX: COL) share price rose 2.31% to $23.06.

IGA network owner Metcash Ltd (ASX: MTS) fell 2.76% to $2.82 per share.

Endeavour Group Ltd (ASX: EDV) shares rose 7.36% to $3.50.

The A2 Milk Company Ltd (ASX: A2M) share price edged 0.94% lower to $7.40.

ASX 200 wine share Treasury Wine Estates Ltd (ASX: TWE) lifted 12.22% to $4.50 on news of a revised operating model.

Inghams Group Ltd (ASX: ING) shares fell 0.5% to close at $1.98 on Friday.

Bega Cheese Ltd (ASX: BGA) shares eased 0.51% to $5.87.

Almond food producer Select Harvests Ltd (ASX: SHV) rose 0.54% to $3.75 per share.

Cobram Estate Olives Ltd (ASX: CBO) shares lifted 1.69% to $3.61.

ASX 200 agricultural share Graincorp Ltd (ASX: GNC) increased 0.79% to $6.40.

The Elders Ltd (ASX: ELD) share price fell 2.13% to $7.35.

Stock feed producer Ridley Corporation Ltd (ASX: RIC) lifted 4.46% to $2.81.

The Australian Agricultural Company Ltd (ASX: AAC) lost 2.24% to finish the week at $1.31.

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 Nervous investors turn to ASX 200 defensives as global energy shock drags on appeared first on The Motley Fool Australia.

Here are five ASX stable dividend shares I think are a great opportunity for passive-income-seeking investors, all paying yields between 6% and 10%.

APA Group (ASX: APA)

APA is one of the most stable income stocks listed on the ASX. The energy infrastructure business is well-known for paying strong, consistent dividends, with revenue derived from long-term contracted infrastructure assets. The company paid an interim dividend of 27.5 cents in the first half of FY26 and is guiding a full-year dividend of 58 cents per share. Its current dividend yield is 6.23%, partially franked.

Inghams Group Ltd (ASX: ING)

Food producer Inghams is a reasonably stable income stock. As a customer staple company with steady demand, its dividends are linked directly to food prices. And as everyone needs to eat, it's a business that is relatively defensive. In the first half of FY26, Inghams paid a fully-franked interim dividend of 4 cents per share, down from 11 cents previously. Its yield is pretty high, though, at 9.36%.

Fortescue Ltd (ASX: FMG)

The miner's stock is historically volatile because it closely tracks changes in iron ore prices. The material's price is expected to remain relatively stable through 2026, but gradually decline through to 2030 as supply increases. But Fortescue is a low-cost producer, which means it can remain profitable even when prices fall, though its dividends may fluctuate. The ASX dividend stock paid investors 62 cents per share for the first half of FY26. Broker UBS predicts that Fortescue could pay an annual dividend per share of $1.22.  Fortescue's current dividend yield is 6.23%, fully franked.

New Hope Corporation (ASX: NHC)

The thermal coal miner's shares have climbed over 21% in the past 12 months as improving coal prices and strong production figures boosted investor confidence. New Hope paid 15 cents per share in October. At current levels, the miner is offering a dividend yield of roughly 6.75%, fully franked. 

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The media giant underwent a strategic reshape of its business during the first half of FY26. It acquired QMS Media, sold Nine Radio, restructured its NBN and Darwin TV operations, and sold its controlling stake in property platform Domain. The deal allowed Nine to reduce debt, boost its balance sheet, and return roughly $777 million to investors. Nine is due to pay investors an interim dividend of 4.5 cents per share, unfranked, next month. The company is expected to pay 9 cents per share for the full year. Its current dividend yield is 7.54%.

The post 5 high-yield ASX dividend shares paying 6% to 10% appeared first on The Motley Fool Australia.

For you to be entitled to a stock's next dividend, you must own it before its ex-dividend date.

Here are some of the ASX shares going ex-dividend next week.

ASX shares with ex-dividend dates next week

The post 32 ASX shares about to go ex-dividend appeared first on The Motley Fool Australia.

Let's quickly recap what happened. 

Share price tumbles on earnings results 

Inghams released interim FY26 results last Friday.

The company reported: 

• Revenue of $1.61 billion for the 26 weeks to 27 December 2025, broadly flat year-on-year.
• EBITDA fell 33.8% to $139.2 million.
• Net profit after tax (NPAT) declined 64.9% to $18.1 million.
• On an underlying pre-AASB 16 basis, EBITDA was $80.6 million, down 35% on the prior corresponding period.
• Underlying NPAT (pre-AASB 16) fell 60.4% to $21.3 million.

Inghams reduced its FY26 underlying EBITDA pre AASB 16 guidance to $180 to $200 million, down from $215 to $230 million previously.

Investors were seemingly left disappointed by these results, as Inghams shares crashed 13% on Friday. 

Some investors saw an opportunity to buy-low yesterday, as the share price recovered a little over 2%. 

Inghams shares are now close to a 5-year low, and fresh guidance out of Morgans indicates it could be an attractive entry point. 

Here's what the broker had to say. 

Positive long term view 

In a note out of Morgans over the weekend, the broker said the 1H26 result was weak, but in line with guidance. 

It said as expected, gearing was above the Board's target range and FY26 guidance was revised by 13-16%. 

Importantly, ING has now dealt with its excess inventory levels, core poultry volumes are back in growth, selling prices are higher than the pcp and normal production settings and improved network efficiency should result in a much stronger 2H26 vs 1H26.

The broker said the annualised benefit from these more normalised operating conditions should eventuate in FY27, resulting in a strong earnings recovery. 

After the severe share price weakness, we upgrade to a BUY rating.

What are other experts saying about Inghams shares?

Inghams shares closed trading yesterday at $2.16. 

It is down more than 14% year to date and roughly 37% over the last 12 months. 

While upside may be limited, analysts see the current price as undervalued. 

The average rating of 7 analysts via TradingView places a 1 year price target of $2.38 on Inghams shares. 

That indicates an upside of 10.38% from current levels. 

However, Inghams also just announced an interim dividend of 4 cents per share, which would translate to 3.75% yield over the year should it repeat. 

Including this yield in 12 month projections, this could push the total upside over 14%. 

The post Are Inghams shares a buy, hold or sell after last week's crash? 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:

Guzman Y Gomez Ltd (ASX: GYG)

The Guzman Y Gomez share price is down 10% to $18.33. Investors have been selling the burrito seller's shares following the release of its half-year results. Guzman Y Gomez reported global network sales growth of 18% to $681.8 million and net profit after tax growth of 44.9% to $10.6 million. Investors may be disappointed with the performance of its US operations, which recorded an EBITDA loss of $8.3 million. This is up from a loss of $5 million a year earlier.

Inghams Group Ltd (ASX: ING)

The Inghams share price is down 16% to $2.05. This has been driven by the release of the poultry producer's half-year results. Inghams reported largely flat revenue of $1.61 billion and a 64.9% decline in net profit after tax to $18.1 million. The latter was driven primarily by higher operating costs in Australia. Looking ahead, management has downgraded its EBITDA guidance for FY 2026. It now expects underlying EBITDA of $180 million to $200 million, which is down from $215 million to $230 million previously. Inghams' CEO and managing director, Ed Alexander, said: "Pre AASB 16 earnings of $80.6 million for the first half of FY26 were disappointing, with the results impacted by the cost of managing excess inventory and supply chain transition inefficiencies as the business implemented an operational reset following customer changes experienced in FY25."

Megaport Ltd (ASX: MP1)

The Megaport share price is down 5% to $10.37. This is despite the release of its half-year results, which revealed record revenue and earnings. Megaport reported a 26% increase in revenue to $134.9 million and EBITDA growth of 28% to $35.3 million. The company's CEO, Michael Reid, said: "Our global business continues to scale, with the United States delivering exceptional momentum, pushing the Americas to 24% YoY ARR growth. This performance was driven by rising NRR and consistent new logo acquisition."

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is down over 3% to $163.18. This follows the release of the mining giant's full-year results. Rio Tinto reported a 9% increase in underlying EBITDA to US$25.36 billion. However, underlying earnings were flat at US$10.87 billion, which led to the Rio Tinto board holding its total dividends at US$4.02 per share. This was short of the market's expectations. Nevertheless, Rio Tinto's chief executive, Simon Trott, was pleased with the year. He said: "Our solid financial results demonstrate clear progress as we embed our stronger, sharper and simpler way of working. We achieved an 8% uplift in CuEq production driven by the ongoing ramp-up of the Oyu Tolgoi underground copper mine and record iron ore production since April from our Pilbara operations."

The post Why Guzman Y Gomez, Inghams, Megaport, and Rio Tinto shares are tumbling today appeared first on The Motley Fool Australia.

While management flagged a stronger second half, investors appeared focused on the scale of the first-half earnings decline and elevated leverage.

What did Inghams report?

Inghams delivered revenue of $1.61 billion for the 26 weeks to 27 December 2025, broadly flat year on year.

However, profitability deteriorated significantly. EBITDA fell 33.8% to $139.2 million, while net profit after tax (NPAT) slumped 64.9% to $18.1 million.

On an underlying pre-AASB 16 basis, EBITDA was $80.6 million, down 35% on the prior corresponding period. Underlying NPAT pre AASB 16 fell 60.4% to $21.3 million.

Core poultry volumes declined 0.7% year on year, although net selling prices increased 1.4%, partly offsetting the volume weakness.

The board declared a fully-franked interim dividend of 4 cents per share, down from 11 cents in the prior period.

What else do investors need to know?

The earnings decline was driven primarily by higher operating costs in Australia.

Key cost headwinds included excess inventory management ($19 million), incremental supply chain and logistics costs ($6.7 million), lower farming performance ($3.8 million), and transition inefficiencies at Ingleburn ($1.8 million).

Total costs rose 5% versus the prior period, reflecting both these operational pressures and broader inflation across labour, ingredients, utilities, and packaging.

Encouragingly, inventory levels declined by $24.3 million during the half, supporting a return to normalised production settings into the third quarter.

Cash conversion improved to 113.1%, driven by working capital improvements, but net debt increased to $466.1 million. Leverage rose to 2.4x underlying EBITDA pre AASB 16, above the company's target range of 1 to 2 times.

What did management say?

CEO Ed Alexander described the first-half result as "disappointing," citing higher operational costs and inefficiencies associated with supply chain changes and customer onboarding.

He said inventory levels had returned to desired levels and that measures were in place to restore unit cost performance through the second half, including supply chain stabilisation and improved planning.

What's next for Inghams?

Inghams reduced its FY26 underlying EBITDA pre AASB 16 guidance to $180 to $200 million, down from $215 to $230 million previously.

Management expects earnings to be weighted to the second half, with improved production settings, stabilised supply chains, and stronger wholesale pricing supporting a rebound into FY27.

Share price snapshot

After today's result, Ingham shares are now down 16% so far in 2026 and down 35% over the last 12 months.

The post Inghams shares plunge 13% as earnings slump and FY26 guidance cut 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 tumbling:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down 7% to $4.46. This is despite there being no news out of the medical technology company. However, with its shares up almost 700% since this time last year, there could be some profit taking going on today. In addition, last week, 4DMedical raised $150 million through an institutional placement. Those shares are expected to be issued later this week on 22 January.

ARB Corporation Ltd (ASX: ARB)

The ARB share price is down 11.5% to $28.59. Investors have been selling this 4×4 automotive parts company's shares following the release of a trading update. ARB revealed that unaudited sales revenue for the first half was $358 million. This is down 1% on the prior corresponding period. Things were worse for its earnings due to margin weakness. ARB advised that it expects to report underlying profit before tax of approximately $58 million for the half. This represents a 16.3% decline compared with the prior year.

Inghams Group Ltd (ASX: ING)

The Inghams share price is down 5.5% to $2.51. This may have been driven by a broker note out of Macquarie Group Ltd (ASX: MQG). According to the note, the broker has downgraded the poultry producer's shares to an underperform rating with a reduced price target of $2.20. This implies potential downside of 12% from current levels. The broker believes that Inghams could fall short of expectations in FY 2026 due to cautious consumers. In addition, it highlights that a competitor could put pressure on pricing when its new facility comes online later this year.

Qoria Ltd (ASX: QOR)

The Qoria share price is down 30% to 34.5 cents. This follows the release of the digital safety company's quarterly update. The company revealed that it exited the quarter with annualised recurring revenue (ARR) of $149 million, which is up 19% year on year. It also reported cash receipts of $79.1 million, which was up 20% on the prior corresponding period. Despite this, it still recorded negative free cash flow for the quarter.

The post Why 4DMedical, ARB, Inghams, and Qoria shares are tumbling today appeared first on The Motley Fool Australia.

While many Australians may have heard of Inghams Group Ltd (ASX: ING), the scale of the business may be a surprise. It claims to be the largest integrated poultry producer in Australia and New Zealand. The company has also entered into the production of turkey and stockfeed.

The company has 8,200 staff, it supplies major supermarkets, fast food operators, food service distributors and wholesalers. I'll run through why I think the ASX small-cap stock is an attractive opportunity today at $2.55.

Cheap price

When we invest in a business, we're typically buying them at a certain price/earnings (P/E) ratio, meaning a certain multiple of their earnings.

While buying one business at a lower P/E ratio doesn't necessarily it's better than another with a higher P/E ratio, it does mean gaining access to more of that profit at a cheaper price.

Following challenging conditions over the past couple of years relating to inflation of costs and loss of a Woolworths Group Ltd (ASX: WOW) contract, the Inghams share price has fallen more than 30% from the May 2025 peak.

But, it looks very affordable based on the level of projected earnings for the 2028 financial year and beyond.

Broker UBS is currently forecasting that the business could generate 27 cents of earnings per share (EPS) in FY27 and 31 cents of EPS in FY28. That puts the Inghams share price at around 8x FY28's projected earnings.

It could take time for conditions to recover, which is why I'd focus on a couple of years ahead rather than FY26. However, there are positive signs for the company.

Rebound in operating conditions?

The company said it has put in place initiatives to address its farming and processing issues. For example, it has experienced higher egg costs due to reduced volumes and below-target feed conversion – the ASX small-cap stock explained that corrective actions are in place and delivering improvements, with farming performance expected to return to its target in the second half of 2026.

Inghams also said that its cost reduction program is on track and it expects "improved 2H26 performance and sustainable improvement beyond FY26".

It also revealed in a FY26 trading update that core poultry volumes were slightly higher and the net selling price (NSP) was slightly lower than FY25, leading to an improved revenue outlook."

Wholesale margins are also expected to remain favourable for the company, according to the ASX small-cap stock.

Big dividend predicted

Assuming the business does generate the projected profits, it could be capable of delivering very large dividends for shareholders in the years ahead, though not in the short-term because of FY26 is expected to see a reduced profit.

UBS currently projects that the business could pay an annual dividend per share of 20 cents in FY28. At the time of writing, that translates into a grossed-up dividend yield of close to 13%, including franking credits.

The dividend alone could be a market-beating return, so if the business is capable of growing earnings then it could be a very underrated ASX small-cap stock to consider.

The post Why I think this ASX small-cap stock is a bargain at $2.55 appeared first on The Motley Fool Australia.

Last week, The Motley Fool's Bronwyn Allen compared the performance of all 11 ASX sectors for 2025.

Coming in a disappointing 8th place was consumer staples shares. 

The S&P/ASX 200 Consumer Staples index (ASX:XSJ) rose just 1.43% for the year. 

For comparison, the best performing sector – materials – rose more than 31%. 

Why buy consumer staples shares?

Consumer staples shares play an important role in the economy for the everyday punter. 

These companies provide essential goods and services. 

Essentially, consumer staples are items people need rather than want, so they will continue to buy regardless of their financial situation. 

This provides some defensive advantages, as they aren't linked to market conditions as heavily as other sectors. 

For example, consumer discretionary items like electronics, travel and luxury goods are far more dependent on economic conditions and cash flow. 

If household spending is tight, you aren't going to book an overseas holiday or buy a new luxury car. 

However you still need groceries, fuel etc. 

This is the appeal of consumer staples shares. 

Two consumer staples shares with upside 

Amongst the sector that fell flat last year, there were two that fell substantially that now may present value. 

The first is Inghams Group Ltd (ASX: ING). 

If the name sounds familiar, that's because Inghams supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants including McDonalds and KFC.

The company has a dominant position in the poultry market in both Australia and New Zealand. 

In the last 12 months, its share price is down more than 20%. 

The first reason it may be an attractive stock is its healthy dividend. 

It is projected to pay a grossed-up dividend yield of more than 7% this year. It's hard to find a yield better than that. 

This is significantly above the ASX 200 average of 3.5%.

Furthermore, analysts' price targets suggest its current share price is below fair value. 

Estimates from TradingView and online brokerage platform SelfWealth list it as undervalued by between 4-11%. 

Another consumer staples stock that could be undervalued is Ridley Corporation Ltd (ASX: RIC).

It is an animal feed manufacturer, engaged in the production and market of stock feed and animal feed supplements.

Its share price is down 4% over the last 12 months. 

This is despite solid earnings in FY25 including  EBITDA climbing 8.6% on FY24. 

SelfWealth lists this stock as undervalued by 33%, while average analyst ratings on TradingView includes a one year price target 30% higher than current levels. 

It also offers a dividend yield above 3%.

The post Two ASX consumer staples shares to buy on the cheap appeared first on The Motley Fool Australia.

The business Inghams Group Ltd (ASX: ING) is one of the largest poultry businesses in Australia. It has supply arrangements with major retail, wholesalers and quick service restaurant (QSR) customers. Inghams also produces turkey, stockfeed and value-enhanced poultry products for changing consumer preferences.

As the chart below shows, the Inghams share price has declined more than 30% from May 2025 following challenging operating conditions and lower-than-expected profitability.

Analysts expect the ASX dividend stock's earnings and dividend to bounce back in the medium-term, which is why this could be a good time to consider the business.

Outlook for earnings and dividend rebound

The business is facing the prospect of reporting a difficult first half of FY26, but things could improve significantly after that.

The projection on CMC Markets suggests Inghams could generate earnings per share (EPS) of 19.7 cents in FY26 and it could pay an annual dividend per share of 13.5 cents. That payout would translate into a grossed-up dividend yield of 7.75%, including franking credits.

But, there could then be a significant improvement in FY27. The projections suggest a potential rise of EPS to 25.8 cents and the dividend payout could increase to 17.3 cents per share.

Therefore, the FY27 payout could translate into a grossed-up dividend yield of close to 10%, including franking credits. That'd be very appealing for dividend investors, if that happens.

What positives are there for the ASX dividend stock?

It was only weeks ago that the business gave an update at its annual general meeting (AGM) which was promising considering how cheaply the business is now trading.

The company is expecting to deliver underlying operating profit (EBITDA) of $80 million in the first half of FY26. For the full 2026 financial year, the company has guided between $215 million to $230 million of underlying operating profit.

Inghams says that earnings guidance is heavily weighted to the second half because of weak trading in the fourth quarter of FY25, with the timing of operational improvements and stabilisation of the inventory position after "corrective actions" in the first half of FY26.

The ASX dividend stock is seeing an "improved revenue outlook" thanks to core poultry volumes being slightly higher than FY25, though the net selling price (NSP) was slightly lower.

Inghams also noted that wholesale profit margins are expected to remain favourable.

While operating costs (excluding feed) are rising due to inflation and identified operational challenges, this has been materially offset by between $60 million to $80 million in annualised savings from labour, procurement and site operations initiatives. Feed costs are expected to continue to provide a modest benefit.

At the current Inghams share price, the ASX dividend stock is valued at under 10x FY27's estimated earnings.

The post 1 ASX dividend stock down 36% I'd buy right now appeared first on The Motley Fool Australia.

Corporate Travel Management shares have been suspended since 26 August after the company revealed accounting irregularities in its UK operations.

Auditors have since discovered incorrect revenue recognition of GBP 45.4 million and other irregularities.

S&P Dow Jones Indices announced its next quarterly rebalance, effective 22 December, after the market close on Friday.

Car parts retailer Bapcor Ltd (ASX: BAP) and poultry producer and food processor Inghams Group Ltd (ASX: ING) will also drop out.

Alternative asset and property fund manager, HMC Capital Ltd (ASX: HMC) will also go.

Intellectual property services firm, IPH Ltd (ASX: IPH), rounds out the list of ASX 200 departees.

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

What is an index rebalance?

Every three months, S&P Dow Jones Indices reviews and updates Australia's leading market indices.

Rebalances ensure the indices accurately rank the nation's largest listed organisations by market capitalisation.

Indices provide a consistent way to measure and monitor the market's performance over the long term.

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

However, other indices, like the S&P/ASX All Ordinaries Index (ASX: XAO) and S&P/ASX 300 Index (ASX: XKO), are also very important.

Why is it bad for these ASX 200 shares?

Membership in the ASX 200 indicates a company's strong market standing.

Being dropped in a rebalance can signal potential problems, market headwinds, or a declining stock valuation.

As shown below, all six of these ASX 200 shares have fallen over the past year (except the frozen Corporate Travel Management shares).

Leaving the ASX 200 can have tangible effects on a share's price. This is because it triggers passive investment exits.

Many exchange-traded funds (ETFs) and managed funds are designed to track the performance of the ASX 200.

This means that every quarter, fund managers must buy the shares that enter the ASX 200 and sell those that leave.

This can result in extra trading activity around the rebalance date, which may influence a share's value.

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

The latest Betashares data shows Australians ploughed a record $5.99 billion into ASX ETFs in October.

A record $321.7 billion is now invested in more than 400 ETFs on the market today.

ASX ETFs are a passive, diversified investment option that many investors perceive as convenient and lower risk.

They are a basket of shares that investors can buy in one trade for one brokerage fee, with low ongoing management fees thereafter.

The post Corporate Travel Management and Boss Energy shares dumped from ASX 200 appeared first on The Motley Fool Australia.