After yesterday's drop, it seemed investors were in the mood to keep selling this morning when the market opened sharply lower. However, the ASX 200 spent much of the day recovering, and only ended up closing with a loss of 0.094%. That leaves the index at 8,719.7 points.

This wild day on the Australian markets came after a gloomy mid-week session on the American markets this morning.

The Dow Jones Industrial Average Index (DJX: .DJI), in a strange coincidence, exactly matched today's showing from the ASX, falling 0.094%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was far more decisive, dropping a hefty 1.88%.

Let's get back to the local markets now and take a look at how today's trading conditions percolated down into the various ASX sectors.

Winners and losers

Despite the market's slight loss, we saw many corners of the market do quite well.

First though, let's get the red sectors out of the way.

Leading the losers this Thursday were mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) was hit hard, tanking by a nasty 3.95%.

Tech shares had a day to forget too, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) crashing 3.41%.

Gold stocks were no safe haven either. The All Ordinaries Gold Index (ASX: XGD) cratered by 2.88%.

Real estate investment trusts (REITs) were a little tamer, though, as you can see by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 0.74% slump.

Our last losers this Thursday were energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) was set back by 0.04% today.

Let's turn to the winners now. Leading said winners this session were consumer staples stocks, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) rocketing up 3.47%.

Financial shares also had a strong day. The S&P/ASX 200 Financials Index (ASX: XFJ) soared 2.19%.

We can say the same for utilities stocks, evidenced by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 2.09% surge.

Communications shares also ran hot. The S&P/ASX 200 Communication Services Index (ASX: XTJ) jumped 1.54% today.

Healthcare shares didn't miss out, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) lifting 0.68%.

Nor did consumer discretionary stocks. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) bounced up 0.63% this Thursday.

Finally, industrial shares finished comfortably ahead, illustrated by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.28% improvement.

Top 10 ASX 200 shares countdown

Financial services stock Generation Development Group Ltd (ASX: GDG) was our winner this session. Generation shares exploded 17.16% higher today, closing out at $3.14 each.

There wasn't any news from Generation that easily explains this. However, the company has been bouncing back with a vengeance after recently hitting a 52-week low.

Here's how the other high flyers landed their planes:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

Based on expert price targets, there are a few stocks that could deliver returns of more than 60% in the next 12 months. A price target is where brokers think share prices will be in a year, though that's not a guarantee of future returns.

Let's look at two of the most exciting prospects.

Xero Ltd (ASX: XRO)

Xero is one of the world's leading cloud accounting businesses, with a focus on small and medium enterprises (SME). Its main markets are Australia, New Zealand, the UK and the US.

According to CMC Invest, there have been three analyst ratings on the ASX share in the last three months. Two of those analyst ratings calls were a buy and one was a hold.  

The price target of the three ratings is $106.81, which implies a possible rise of 84.6% at the time of writing. Even a return of half of that scale would be very impressive.

Xero's underlying numbers continue to be impressive, though Melio-related costs led to lower net profit in FY26.

During FY26, the company reported that operating revenue grew 31% to $2.75 billion following an 11% rise of customers to 4.92 million and a 23% increase in the average revenue per customer growing to $55.44.

Xero also reported that annualised monthly recurring revenue (AMRR) grew by 37% to $3.27 billion and adjusted operating profit (EBITDA) jumped 18% to $757 million.  

For FY27, operating revenue is expected to grow to between $3.62 billion and $3.73 billion, while adjusted EBITDA is forecast to rise to between $860 million and $920 million.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

Another ASX share currently rated positively is Nine Entertainment, a large media business. It has the Nine Network and 9Now, The Sydney Morning Herald, The Age, The Australian Financial Review and other media assets.

According to CMC Invest, four analysts have rated the business in the last three months. Three of those ratings were buy calls, and one was a hold call.

Of those four ratings, the average price target is currently $1.11. At the time of writing, that suggests a possible rise of 62% over the next 12 months.

The company continues to deliver underlying earnings. In FY26, it reported that its continuing business achieved 3% revenue growth, 17% operating profit (EBITDA) growth and 7% net profit after tax (NPAT) growth.

The ASX share also recently announced that it had extended its Premier League rights through to 2034, which is an important driver of EBITDA growth for Stan (the streaming service).

The post 2 ASX shares tipped to grow 62% or more in the next 12 months appeared first on The Motley Fool Australia.

Indeed, the company didn't release any news to the ASX on Thursday, raising the question of what has driven the shares down more than 6%.

Key personnel jumping ship

The answer likely lies in the loss of two senior executives across both the company's broadcast and print journalism divisions.

Firstly, Amanda Laing, who oversaw the company's streaming and broadcast division, is leaving just 18 months after taking on the role.

Ms Laing is a seasoned executive, having worked at Foxtel, ACP Magazines, and formerly as general counsel for Nine.

The Australian Financial Review (AFR) is reporting that Ms Laing's role will no longer exist going forward.

Separately, the Editor-In-Chief of the AFR, James Chessell, has jumped ship to former AFR journalist Joe Aston's start-up Rampart.

Rampart said:

As well as leading Rampart's growing editorial team, James will write a regular column and co-host Rampart's new weekly news vodcast with Joe, launching in early 2027.

Launched by Aston about 18 months ago, Rampart produces regular long-form business articles as well as podcast interviews.

Aston revealed last month that Rampart had accepted $2.3 million in investment from five partners, including former Nine Chief Executive Officer David Gyngell and Ellerston Capital Executive Chair Ashok Jacob.

The deal values the company at $28.75 million.

Aston said further:

Rampart didn't need external capital to continue on its already steep trajectory as one of Australia's fastest growing media brands. The company was profitable in financial 2025, profitable again in financial 2026, even after the rapid growth in our headcount in recent months, and would've been profitable in 2027. But with our business model now well-proven, I decided there is no time like the present to turbocharge investment in Rampart's journalism (which in turn will boost our audience and revenue growth); to establish an external market valuation for the company; and to advance our next phase with an incredibly high-quality group of equity partners.

Nine forecasting profit growth

For its part, Nine reported revenue of $2.19 billion in FY26, up 3%, and net profit of $147.2 million, up 11%.

On the outlook, the company said:

The change to our portfolio mix, implemented over the past 12 months, has resulted in Nine's growth assets (Streaming – Stan and 9Now, Outdoor and Digital Publishing) expected to contribute more than 60% of Revenue and c70% of EBITDA in FY27. As a result, Nine expects to report another year of pro forma revenue and EBITDA growth in FY27. Driving this performance, will be further growth from Nine's subscription businesses of Stan and Digital Publishing, as well as Outdoor (QMS).   

Nine Entertainment shares on Thursday hit a 12-month low of 66 cents before recovering slightly to be 6.2% lower at 68 cents.

The company is valued at $1.15 billion.

The post Why did Nine Entertainment shares hit a 12-month low today? appeared first on The Motley Fool Australia.

Here are four ASX shares that brokers are forecasting could help drive the index higher over the next 12 months.

And one of them is tipped to soar up to 125%.

Silex Systems Ltd (ASX: SLX)

Silex Systems develops and commercialises laser technology to sort and separate different types of isotopes to prepare uranium for nuclear power plants.

At the time of writing on Tuesday afternoon, the ASX uranium company's shares are up around 4% to $4.61 a piece. The increase is great news for investors after the beaten-down stock tumbled 16% over the past month and is down 48% year to date.

The latest increase follows a recent announcement that Global Laser Enrichment (GLE), which is 51%-owned by Silex, has signed an exclusive Offtake Agreement with major partner Cameco Corporation. Under the agreement Cameco will buy all of the future production of GLE's planned Paducah Laser Enrichment Facility (PLEF), in Kentucky.

A recent uptick in uranium prices has also likely supported Silex shares. Trading Economics data shows that the metal is trading around US$90 per pound, close to a six-month high.

Market Index data shows brokers are very bullish on the outlook for the stock. All brokers have a strong buy rating, and the $10.33 average target price implies an upside of around 125% at the time of writing.

Zip Co Ltd (ASX: ZIP)

Zip shares are also climbing around 1% higher on Tuesday to $2.26 at the time of writing. It's been a volatile ride for the buy now, pay later provider after the shares reached a multi-year high in October last year, and then tumbled to an annual low in March. The ASX shares started rebounding again, but the sell-off accelerated after the company posted its FY26 results last month. They're now down about 52% from a year ago.

Zip posted a record result, including a huge 57.9% increase in its cash EBTDA, a 24.7% increase in total revenue, and a 45.7% hike in its NPAT for FY26. For FY27, Zip is targeting a cash EBTDA of $340 million, up another 26%.

While the results were positive on the surface, many were underwhelmed by the company's growth outlook. 

But the news hasn't deterred brokers who still hold a unanimous strong buy rating, according to Market Index data. The $3.95 average target price also implies an upside of around 74% at the time of writing.

Deep Yellow Ltd (ASX: DYL)

Deep Yellow is an ASX uranium development company with a portfolio of Australian and global projects. Like Silex, its shares are also climbing sharply on Tuesday afternoon, driven by a stronger uranium price and renewed investor confidence in uranium stocks.

At the time of writing, Deep Yellow shares are up around 4% and trading at $1.39. The current share price represents a 29% decline year to date and a 31% drop from 12 months ago.

Late last month, the company announced the completion of two major milestones at its flagship Tumas Project in Namibia. These included a long-term water supply agreement and finalisation of local ownership arrangements. The company is now focused on successfully progressing its Tumas Project towards a Final Investment Decision in Q4 2026.

Brokers are also bullish that the ASX shares can climb even higher over the next 12 months. Market Index data shows the majority have a strong buy rating, and the $2.28 average target price implies an upside of around 64% at the time of writing.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

Media giant Nine Entertainment posted its FY26 results late last month, including a 3% increase in revenue, a 17% increase in EBITDA, and a 7% increase in NPAT.

The result comes after the company underwent a strategic reshape of its business during the first half of FY26. Nine Entertainment sold its stake in Nine Radio and property platform Domain, restructured its NBN and Darwin TV operations, and acquired QMS Media. The strategy shifts the company's focus toward growth areas like streaming, outdoor, and digital publishing.

But it looks like investors weren't happy with the result. On the day of the announcement, the Nine Entertainment share price spiked by around 7%. But then it was soon followed by a sell-off. 

The shares have now fallen around 29% to just 75 cents at the time of writing. The latest crash means the ASX shares are now 36% lower than 12 months ago.

But it looks like brokers are still bullish that the company can recover this year. Market Index data shows the majority have a strong buy stance on the ASX shares. The $1.21 average target price implies a potential 63% upside ahead.

The post 4 ASX shares tipped by brokers to return 63% to 125% appeared first on The Motley Fool Australia.

After a bouncy day, which saw the ASX 200 spend time in both positive and negative territory this session, the index ended up recording a rise of 0.1% to 8,749.9 points.

This tentative start to the week's trading for ASX investors followed an even more bullish end to the American trading week last Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) staged a strong recovery, rising 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) performed almost identically, gaining 0.96%.

But let's return to this week and the local markets now for a look at what the different ASX sectors were up to this Monday.

Winners and losers

Despite the broader market's lift, we still saw a handful of sectors lose steam.

The most prominent of those red sectors was tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) lost an early lead to slump 1.14%.

Mining shares weren't in favour either, with the S&P/ASX 200 Materials Index (ASX: XMJ) cratering 0.55%.

Industrial stocks suffered a drop, too. The S&P/ASX 200 Industrials Index (ASX: XNJ) retreated 0.35% today.

But it was all smiles everywhere else.

Leading the green sectors this session were healthcare shares, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 1.52% surge higher.

Consumer staples stocks also thrived. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) enjoyed a 0.61% bounce.

Financial shares attracted buyers as well, with the S&P/ASX 200 Financials Index (ASX: XFJ) banking a 0.43% jump.

Energy stocks didn't miss out. The S&P/ASX 200 Energy Index (ASX: XEJ) added 0.38% to its total today.

We could say the same for gold shares, evidenced by the All Ordinaries Gold Index (ASX: XGD)'s 0.34% advance.

Utilities stocks got some attention, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 0.33% this Monday.

Communications shares got over the line, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) adding 0.06% to its total.

Consumer discretionary stocks were in that ballpark, too. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) put on another 0.03%.

Finally, real estate investment trusts (REITs) ended the day where they started, illustrated by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s movement of 0.00%.

Top 10 ASX 200 shares countdown

Today's index winner came down to gold stock Catalyst Metals Ltd (ASX: CYL). Catalyst stock jumped a healthy 6.11% today to close at $6.77.

This came after the company gave investors a revised (to the upside) reserve estimate for one of its projects.

Here's the rest of today's best:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

There are a huge range of ASX shares on the market which pay out dividends to shareholders every six months, or perhaps even more frequently.

But the hardest part is picking the best ones for your portfolio.

Here are two of my top high-yield ASX dividend picks. And these shares both pay a huge dividend of 10% or more.

BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX)

YMAX is an ASX-listed exchange-traded fund (ETF) that gives its shareholders exposure to Australia's 20 largest blue-chip shares, rather than just one individual company.

I like the stock because it invests in a range of large Australian companies, which means it can provide greater diversification and reduce the risk of relying on the performance of one individual company. 

This makes it a more stable option for investors looking for regular passive income, while still giving them exposure to some of Australia's biggest businesses.

The fund is heavily weighted into the financial sector, which accounts for 43.2% of its allocation at the time of writing. The materials sector is second, accounting for 24.8% of its allocation. 

Elsewhere, it also invests into the consumer discretionary, consumer staples, energy, industrials, real estate, communications, and healthcare sectors. 

YMAX also differs from a lot of other ASX dividend stocks because it pays its shareholders on a monthly basis.

As of the 31th of August, YMAX has a 12-month gross distribution yield of 9.5%, and a net yield of 8.1%. The total franking level is 41.4%.

The ASX dividend share is due to pay its next dividend ( 5 cents per unit) to shareholders next week. It has paid between 3.5 cents and 5 cents per share since it moved to monthly payouts in February this year.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Nine Entertainment is another attractive passive income option. The business has a large and established position in Australia's media industry, combined with a long history of paying reliable and consistent dividends to its shareholders.

Australian media giant Nine Entertainment underwent a strategic reshape of its business in the first half of FY26. This included a broad portfolio restructure, acquisitions and asset sales, and enhancements to its digital and streaming revenue.

The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain. 

The $1.4 billion Domain deal allowed Nine to reduce debt and boost its balance sheet. It also meant it was able to return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late-2025. 

Just last month, the ASX company announced its FY26 results, including a 3% increase in revenue, a 17% increase in EBITDA, and a final 3 cent per share dividend for FY26.

Combined with its 4.5 cent interim unfranked dividend paid in April, the total FY26 dividend comes to 7.5 cents. At the time of writing, this translates to a dividend yield of around 9.9%.

The post 2 ASX dividend shares yielding 9.5% (or even more) appeared first on The Motley Fool Australia.

What did Nine Entertainment report?

• Secured exclusive Australian streaming and broadcast rights for the Premier League from 2028–29 to 2033–34
• FY29 rights fee to remain broadly in line with FY28, before increasing at a ~3% CAGR over six years
• Stan EBITDA more than doubled from $40 million in FY21 to $81 million in FY26
• Premier League key to 50% growth in average Stan Sport subscribers over past year

What else do investors need to know?

Nine's new deal includes all Premier League matches each season, spanning 38 match weeks annually. The company will use both Stan and its broader media platforms to maximise audience reach and awareness for the sport.

The cost structure will shift, as legacy Optus contributions will end, but this will be offset by removing discounts for Optus subscribers and rolling out new cost-saving and revenue initiatives. The Premier League has been instrumental to the growth of Stan Sport, which itself has supported increases in subscription pricing.

What did Nine Entertainment management say?

Nine CEO Matt Stanton said:

Football is the ultimate global game, followed with remarkable intensity by millions of fans across Australia. Bringing the Premier League to Stan has been a genuine game-changer for our business, and we are very pleased to be extending the partnership for another 8 years. It sits at the heart of our strategy of premium content, particularly Sport that Unites.

This agreement further strengthens Nine's premium sport offering alongside the NRL and NRLW, all four Tennis Grand Slams, the Olympic Games, Rugby Union, the NBL and WNBL, Netball and more. Together, these partnerships reflect Nine's long-term strategy of investing in premium live sport and delivering the sporting moments that matter most to Australians.

What's next for Nine Entertainment?

Nine's focus remains on delivering premium sports content to build engagement on Stan Sport and across its platforms. The Premier League partnership is expected to underpin further subscriber growth and support pricing strategies for Stan Sport.

As costs rise gradually over the new rights term, Nine plans to balance this through new revenue initiatives and efficiencies while leveraging its wider broadcast assets.

Nine Entertainment share price snapshot

Over the past 12 months, Nine Entertainment shares have declined 51%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the sam period.

View Original Announcement

The post Nine Entertainment secures Premier League rights through 2034 appeared first on The Motley Fool Australia.

Earnings season has ended and analysts have refreshed their price targets across hundreds of companies.

The three below have all fallen heavily over the past year.

All three are still growing earnings, which is what makes the gap interesting.

Why these ASX growth shares were sold off

The cause is the same in each case.

Interest rate expectations have moved sharply, with all four major banks now forecasting another rise this year.

Higher rates hit companies valued on distant earnings hardest, and they hit companies funding growth with debt harder still.

None of these three fell because of a downgrade.

Each of them reported growth in FY26.

1. NEXTDC Ltd (ASX: NXT)

NEXTDC closed Tuesday at $12.52 after falling 14% in a month.

UBS has a buy rating with a $23.45 target, implying 88% upside.

The FY26 result was a record.

Net revenue rose 16% to $405.0 million and underlying EBITDA rose 15% to $248.8 million, both above guidance.

Contracted utilisation surged 202% to 740.1 megawatts and statutory net profit turned positive at $82.1 million.

FY27 guidance points to net revenue of $615 million to $640 million, growth above 50%.

The catch is the capital expenditure required to deliver it, guided at $5.25 billion to $5.75 billion.

2. Nine Entertainment Co Holdings Ltd (ASX: NEC)

Nine Entertainment is the cheapest and most contrarian of the three.

Shares closed at 86 cents, down 48.19% over twelve months and barely above a 52-week low of 83.5 cents.

Morgan Stanley has a buy rating with a $1.40 target, implying 63% upside.

FY26 revenue rose 3% to $2.19 billion on a continuing business basis and group EBITDA jumped 17% to $379 million.

Net profit after tax increased 7% to $142.4 million and earnings per share before amortisation rose 11% to 9.3 cents.

The QMS Outdoor acquisition contributed $55 million of EBITDA in its first three months.

Similarly, digital subscription revenue grew 12%, and Nine has signed content licensing deals for AI applications including one with Microsoft.

Chief executive Matt Stanton explained the reshaping of the portfolio.

Over the past 12 months, we have made material changes to our business portfolio, focusing on growth and digital assets whilst reducing our exposure to structurally challenged and smaller assets. These transactions add to our operational scale and create a higher growth and more resilient Nine, better positioned to create long term sustainable value for our shareholders.

The final dividend of 3.0 cents is unfranked, and management expects that to continue.

3. Zip Co Ltd (ASX: ZIP)

Zip has the most bullish coverage on the ASX.

All twelve analysts covering the company rate it a buy or strong buy, with an average target of $4.56 against a $2.31 share price.

That implies roughly 95% upside, with the most optimistic target at $6.03.

FY26 cash EBTDA rose 57.9% to $268.9 million and revenue climbed 24.7% to $1,336.1 million.

Net profit after tax increased 45.7% to $116.4 million and the operating margin expanded from 15.8% to 20.0%.

Management has guided FY27 cash EBTDA to $340 million, up around 26%.

The United States now produces about two-thirds of revenue, and that is where the growth is coming from.

Foolish takeaway

Broker targets are opinions, not forecasts, and a 90% implied upside usually means high uncertainty rather than free money.

What these three ASX growth shares share is a market that has repriced their respective multiples.

I would rather buy a company growing revenue at 16% to 25% after a 50% fall than chase one already compounding.

The post 3 ASX growth shares experts think could double appeared first on The Motley Fool Australia.

With earnings season over, brokers have updated their ratings and 12-month price targets on hundreds of ASX shares.

Here are six stocks with strong upside potential.

NextDC Ltd (ASX: NXT)

The NextDC share price is $12.46, down 2.3% today.

Over the past month, this ASX tech share has fallen 14%.

UBS has a buy rating on NextDC shares with a $23.45 target.

This suggests a potential 88% upside ahead.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is 86 cents, down 3.2% today.

Over the past month, this ASX communications share has dropped 15%.

Morgan Stanley has a buy rating on Nine shares with a 12-month target of $1.40.

This suggests a potential 63% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $9.30, down 0.3% today.

This ASX travel share has fallen 11% over the past month.

Morgan Stanley has a buy rating on Qantas shares with a $12.80 target.

This implies potential capital growth of 38% over the next year.

Centuria Capital Group (ASX: CNI)

The Centuria Capital Group share price is $1.33, up 3.7% today.

Over the past month, this ASX real estate investment trust (REIT) has fallen 11%.

MA Financial Group has a buy recommendation on Centuria Capital Group shares with a $1.83 target.

This indicates potential capital gains of 38% over the next year. 

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.61, down 0.9% today.

Over the past month, this ASX uranium share has spiked 12%.

Canaccord Genuity has a buy call on Paladin Energy shares with a $15.80 target.

This suggests a potential 36% upside ahead.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $168.81, up 0.1% today.

Over the past month, this ASX healthcare share has fallen 4%.

Bell Potter has a buy rating on Pro Medicus shares with a $226 target.

This indicates capital gains of 34% over the next year. 

In a note, the broker commented:

PME reported FY26 revenue and EBIT growth of 23% and 26% respectively with the result at EBIT modestly (1.5%) ahead of consensus earnings.

As the revenue base of the group expands the top line growth is decelerating, however, margin expansion continues and this drove the small earnings beat.

FY26 EBIT margin expanded by a further 190bps to 75% and is likely to continue at this rate for the foreseeable future.

The post 6 ASX shares tipped by brokers to rise 34% to 88% appeared first on The Motley Fool Australia.

What did Nine Entertainment report?

• WIN Group acquired 47,012,885 Nine shares on market between 27 August and 3 September 2026.
• WIN Group's aggregate economic interest increased from 28.22% to 31.18%.
• Voting power for WIN Group rose from 22.98% to 25.94%.
• No changes were made to WIN Group's existing cash-settled equity swap position in Nine.
• Total shares held by WIN Group now stand at over 411 million.

What else do investors need to know?

Nine Entertainment disclosed these substantial shareholdings after receiving a formal update from WIN Group, led by Bruce Gordon through Birketu Pty Ltd and WIN Corporation Pty Ltd. The acquisitions reinforce WIN Group's position as the largest shareholder in Nine, and mark a notable increase from its previously disclosed position in April 2026.

The move was disclosed in accordance with Takeovers Panel Guidance Note 20, ensuring the market is kept informed on changes that could affect control or influence within the company. Nine released the information to the ASX to maintain transparency and comply with regulatory requirements.

What's next for Nine Entertainment?

Looking ahead, investors will be watching whether WIN Group continues to consolidate its interest in Nine Entertainment Co. Any further increases in shareholding or moves relating to the company's strategic direction could influence future governance and business decisions.

The company plans to keep shareholders and the market informed about any future changes to major shareholdings, in line with its ongoing disclosure obligations.

Nine Entertainment share price snapshot

Over the past 12 months, Nine Entertainment shares have declined 41%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post WIN Group increases Nine Entertainment stake past 31% appeared first on The Motley Fool Australia.

Hundreds of S&P/ASX All Ords Index (ASX: XAO) companies announced their next dividends during the EOFY reporting season.

We're helping you keep track of ex-dividend dates with an article every Friday.

Here is a sample of the ASX shares due to trade ex-dividend next week.

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

ASX shares with ex-dividend dates next week

Check out which ASX shares begin trading ex-dividend today.

The post 40 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Following the August reporting season, brokers have reviewed their ratings and 12-month price targets on hundreds of ASX stocks.

Here are some companies that scored reaffirmed buy ratings following their latest financial reports.

CSL Ltd (ASX: CSL)

The CSL share price is $175.12, up 0.7% today.

Over the past month, this ASX 200 healthcare share has ripped 41% higher.

Morgans renewed its buy rating on CSL shares with a 12-month price target of $187.71.

This suggests a potential 7% upside ahead.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $63.69, up 2.5% today.

This ASX 200 mining share has ascended 10% over the past month.

RBC Capital reiterated its buy rating on Mineral Resources shares with a price target of $80.

This implies a potential 25% upside ahead.

Santos Ltd (ASX: STO)

The Santos share price is $8.26, up 7.4% today.

This ASX 200 energy share has increased 8% over the past month.

Citi renewed its buy rating on Santos shares.

The broker raised its 12-month price target from $8.30 to $9.

This suggests a potential 9% upside ahead.

BHP Group Ltd (ASX: BHP)

The BHP share price is $64.01, down 1% today after going ex-dividend.

Over the past month, this ASX 200 copper share has risen 5%.

Morgan Stanley reaffirmed its buy rating on BHP shares.

The broker raised its 12-month target from $67.50 to $68.

This suggests a potential 6% upside ahead.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price is $15.46, up 2.3% today.

This ASX 200 mining share has leapt 10% over the past month.

JP Morgan reiterated its buy rating on Lynas shares with a price target of $19.10.

This implies a potential 23% upside ahead.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is 97 cents, up 1% today.

Over the past month, this ASX 200 communications share has fallen 2%.

Morgan Stanley reaffirmed its buy rating on Nine shares with a 12-month target of $1.40.

This suggests a potential 42% upside ahead.

Coles Group Ltd (ASX: COL)

The Coles share price is $23.58, up 0.3% today.

Over the past month, this ASX 200 consumer staples share has fallen 3%.

Morgan Stanley reiterated its buy rating on Coles shares.

The broker increased its price target from $25 to $25.80.

This implies potential capital gains of 9% ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $9.35, up 1.3% today.

This ASX 200 travel share has fallen 9% over the past month.

Morgan Stanley renewed its buy rating on Qantas shares with a $12.80 target.

This implies potential capital growth of 36% over the next year.

NextDC Ltd (ASX: NXT)

The NextDC share price is $12.70, down 0.2% today.

Over the past month, this ASX 200 tech share has fallen 6%.

UBS renewed its buy rating on NextDC shares with a $23.45 target.

This suggests a potential 85% upside ahead.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.31, up 1.8% today.

Over the past month, this ASX 200 uranium share has soared 20%.

Canaccord Genuity renewed its buy rating on Paladin Energy shares.

The broker raised its 12-month price target from $15.40 to $15.80.

This suggests a potential 40% upside ahead.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $11.52, down 0.3% today.

Over the past month, this ASX 200 travel share has fallen 13%.

JP Morgan renewed its buy rating on Flight Centre shares with a $15.30 target.

This suggests a potential 32% upside ahead.

The post 11 ASX 200 shares with reaffirmed buy ratings post-results appeared first on The Motley Fool Australia.

That may have been a result of today's inflation figures. Either way, the index ended up closing 0.4% lower at 9,127.8 points.

This tantalising hump day for the ASX followed a more robust night of trading over on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) continued to push higher, gaining another 0.3%.

Over on the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), the mood was even more upbeat, with the index rising 0.66%.

But let us return to the local markets now and dive a little deeper into what was happening amongst the various ASX sectors this Wednesday.

Winners and losers

Despite the market's choke today, we still had a few sectors that pushed higher.

But first, the standout losers this hump day were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was hit hard, crashing 3.47%.

Energy shares had a day to forget as well, with the S&P/ASX 200 Energy Index (ASX: XEJ) plunging 1.52%.

Communications stocks were also on the nose. The S&P/ASX 200 Communication Services Index (ASX: XTJ) took a 1.38% dive today.

As were healthcare shares, evident from the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 1.21% tanking.

Industrial stocks fared a little better. The S&P/ASX 200 Industrials Index (ASX: XNJ) still lost 0.6%, though.

Financial shares were right behind that, with the S&P/ASX 200 Financials Index (ASX: XFJ) dipping 0.57%.

Our final losers today were mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) slid 0.01% lower.

Let's get to the winners now. Leading the pack were consumer staples shares, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 1.83% surge.

Gold stocks were also a safe haven. The All Ordinaries Gold Index (ASX: XGD) had lifted 0.83% by the closing bell.

Utilities shares didn't miss out, with the S&P/ASX 200 Utilities Index (ASX: XUJ) jumping 0.53%.

We can say the same for real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) jumped up 0.35% this session.

Finally, consumer discretionary shares managed to stick a landing, as you can see from the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.07% crawl higher.

Top 10 ASX 200 shares countdown

Today's top stock was retailer Lovisa Holdings Ltd (ASX: LOV). Lovisa shares were hot property today, rocketing up 12.73% to close at $27.62.

This big leap came after the company reported its latest earnings, which seemed to have exceeded expectations.

Here's how the other winners pulled up at the kerb:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

What did Nine Entertainment report?

• Revenue: $2.19 billion, up 3% on a continuing business basis
• EBITDA: $379 million, up 17% from FY25
• Net profit after tax (NPAT): $142.4 million, up 7%
• NPATA: $147.2 million, up 11%
• EPSA: 9.3 cents per share, up 11%
• Final dividend: 3.0 cents per share, unfranked, payable 22 October 2026

What else do investors need to know?

Nine has reshaped its portfolio this year, selling its stakes in Domain, Nine Radio, NBN, Darwin, Pedestrian, and Future Women, while acquiring QMS Outdoor. This strategy shifts the focus toward growth areas like streaming, outdoor and digital publishing, with these assets expected to drive over 60% of revenue and 70% of EBITDA in FY27.

Digital subscription revenues grew 12%, underpinned by strength in mastheads and Stan. The QMS Outdoor acquisition contributed a strong $55 million in EBITDA for its first three months with the group. Nine also broadened content licensing deals for AI applications, including an agreement with Microsoft.

What did Nine Entertainment management say?

Commenting on the results, Nine Entertainment's CEO, Matt Stanton, said:

For the year to June 2026, we are pleased to report profit growth for Nine, and within this, for Streaming & Broadcast, Mastheads and Outdoor. Over the past 12 months, we have made material changes to our business portfolio, focusing on growth and digital assets whilst reducing our exposure to structurally challenged and smaller assets. These transactions add to our operational scale and create a higher growth and more resilient Nine, better positioned to create long term sustainable value for our shareholders.

What's next for Nine Entertainment?

Looking ahead to FY27, Nine expects further revenue and earnings growth. Integration of QMS is expected to deliver cost synergies and double-digit EBITDA growth from Outdoor. Subscription businesses Stan and Digital Publishing, along with content licensing for AI, are set to remain key growth drivers.

Nine anticipates continuing digital subscription growth in publishing and more licensing revenue, while maintaining cost discipline. The group also expects future dividends to remain in the 60–80% payout range, though upcoming dividends are likely to be unfranked.

Nine Entertainment share price snapshot

The Nine Entertainment share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 42%.

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The post Nine Entertainment posts higher FY26 earnings and boosts digital focus appeared first on The Motley Fool Australia.

Passive income can also give investors a buffer against share market volatility. This is particularly valuable when share markets swing between peaks and troughs.

The catch is that it can be difficult to spot the ASX shares that are most reliable and can give you the passive income you're targeting.

Let's break it down, using $10,000 per year in passive income as an example.

What portfolio size do I need to get $10,000 in annual passive income from ASX shares?

The easy way to work out the amount of money you'd need is to divide your annual $10,000 passive income by the dividend yield of your overall portfolio.

The tricky part is that the answer varies widely depending on the dividend yield of the ASX shares you'd have in your portfolio. 

For example, a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of dividend income. 

So, to receive $10,000 per year in passive income from ASX shares with a 3% dividend yield, you'd need a portfolio of around $333,000.

Then, as your dividend yield increases, the portfolio size needed to earn the same level of passive income goes down.

That means that if your portfolio has an overall dividend yield of around 4%, you'd need to invest closer to $250,000 to receive your $5,000 per year in passive income.

To get the same passive income from a 5% dividend yield, you'd need to invest $200,000.

You'd then need closer to $166,000 to earn the same income off shares with an overall 6% dividend yield.

Raise that portfolio yield to 7% or even 8%, and you would need to be closer to $143,000 or $125,000, respectively.

And so on.

These figures are based on cash dividends before any tax or franking credit benefits.

What ASX shares can I invest in to get my $10,000 annual passive income?

There is a huge range of ASX dividend shares available to buy, and their yields vary significantly. 

But here are a few of my favourites to get you started.

Lower yielding ASX dividend-paying shares such as Wesfarmers Ltd (ASX: WES), Coles Group Ltd (ASX: COL) and Commonwealth Bank of Australia (ASX: CBA) are solid and reliable shares that offer a yield of around 2% to 3%.

For a mid-range yielding ASX dividend option, I'd look at defensive assets like Telstra Group Ltd (ASX: TLS), and blue-chip majors like BHP Group Ltd (ASX: BHP), which pay a dividend of around 3% to 4%.

For a higher 5% to 6% dividend yield, I'd look at dividend-payers like National Australia Bank Ltd (ASX: NAB), retail giant Harvey Norman Holdings Ltd (ASX: HVN), or a REIT like Charter Hall Social Infrastructure REIT (ASX: CQE).

Packaging giant Amcor (ASX: AMC) yields closer to 7%, as does Bank of Queensland Ltd (ASX: BOQ).

If you want to take on more risk and go for a much higher-yielding ASX stock, my picks would be Nine Entertainment Co Holdings Ltd (ASX: NEC) or BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX). These typically yield 9% or more.

But keep in mind that ASX shares carry market risk. So, diversifying across established, cash-flow-heavy dividend-payers and income ETFs is the most reliable strategy.

What does a diversified portfolio look like?

Say you have $200,000 to invest; to earn $10,000 per year in passive income, you'd need a portfolio yield of around 5%. 

But remember, you don't need to invest the whole $200,000 at once, and the dividend is the overall portfolio dividend, not exclusively ASX shares with individual dividend yields at 5%. 

For example, you could split your portfolio up so that around 65% is invested into mid-range yielding ASX shares, another 20% is invested into slightly higher yielding stocks, and the remaining 15% could be invested into riskier but much higher yielding shares.

I'd also look to buy the ASX shares across multiple sectors to diversify my portfolio even further.

It's important to note that while a 5% yield from a diversified portfolio is a reasonable long-term target, it won't be achieved every year. Your passive income will likely fluctuate, depending on the company's profits and dividend decisions.

The post These ASX shares could generate $10,000 per year in passive income appeared first on The Motley Fool Australia.

At the time of writing, the Nine share price is up 1.87% to 92.7 cents.

It is only a modest gain, but shareholders will take it. Nine shares are still down 17% since the start of 2026 and 43% over the past year.

Here's what the company announced.

NRL rights locked in

According to the release, Nine has signed an agreement for NRL and NRLW broadcast rights from 2028 through to the 2034 seasons.

Under the agreement, Channel 9 and 9Now will keep their current NRL coverage. That includes 3 live NRL games each week, the Finals Series, and Test matches played in Australia.

The NRL Grand Final and State of Origin will continue to be shown exclusively on Channel 9 and 9Now.

Nine has also secured exclusive free-to-air and free streaming rights to 33 live NRLW games, the NRLW finals, and Women's State of Origin.

What Nine is paying

Nine said the annual cost will be $145 million in cash. This will be partly offset by $10 million in committed annual NRL advertising and other services, as well as $15 million each year in contra.

Live sport remains one of the few things that can still pull big audiences at the same time. Rugby league is also a major part of Nine's broadcast schedule.

The company said men's streaming and broadcast audiences have increased across all formats. Rugby league also delivered double-digit revenue growth for Nine in the 2025 season compared with 2024.

Why are Nine shares only up a little?

The Nine share price gain isn't huge, and that probably comes down to the cost of the deal.

Investors knew Nine was chasing the NRL rights, so the agreement itself is not a major surprise. The bigger question is how much value Nine can pull from the content over the life of the deal.

That leaves the focus on what Nine can do with the rights from here.

Advertising conditions are still uneven, and Nine will need rugby league to keep driving audiences, revenue growth, and 9Now engagement to make the extra spend worthwhile.

Can Nine shares recover?

The deal doesn't solve all of Nine's problems, but it does take a big risk off the table.

Losing rugby league would have been a bad result. It is a major part of Nine's free-to-air and streaming schedule, and still one of the better ways to bring in big live audiences.

Nine now has the rights locked in through to 2034, across both the men's and women's competitions. That should help 9Now, the broadcast business, and the way Nine sells advertising around its sports coverage.

Nonetheless, after a 43% fall over the past year, the share price still has plenty of work to do. But this is one less thing investors have to worry about.

The post Why this beaten-down ASX media stock is rising today appeared first on The Motley Fool Australia.

The hardest part is picking the best ones for your portfolio.

Here are three of my favorite high-yield ASX dividend shares. And they all pay a huge dividend of 9% or more.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Australian media giant Nine Entertainment underwent a strategic reshape of its business in the first half of FY26. This included a broad portfolio restructure, acquisitions and asset sales, and enhancements to its digital and streaming revenue.

The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain. 

The $1.4 billion Domain deal allowed Nine to reduce debt and boost its balance sheet. It also meant it was able to return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late-2025. 

Nine's most recent dividend payment was 4.5 cents per share, unfranked, in April. 

The ASX dividend company is expected to pay 9 cents per share for FY26. This translates to a forward dividend yield of around 9.6% at the current share price of 94 cents a piece, at the time of writing.

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, making 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. A significant share of its revenue comes from the Asia-Pacific market.

The ASX dividend company consistently generates a strong cash flow from its operations. 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 pay a reliable, and constantly growing, dividend payment to its shareholders.

IPH's most recent interim dividend payment was 10 cents per share in March, up 11.8% on the prior period. 

The ASX is expected to pay a fully-franked dividend of 38 cents per share in FY26. This translates to a forward dividend yield of 9.09% at IPH's $4.18 share price, at the time of writing.

BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX)

YMAX is a little different from the others. Rather than a straight ASX company, it is an ASX-listed exchange-traded fund (ETF) that gives its shareholders exposure to Australia's 20 largest blue-chip shares. 

The fund is heavily weighted into the financial sector, which accounts for 44.8% of its allocation at the time of writing. The materials sector is second, accounting for 24.5% of its allocation.

YMAX also differs from the two ASX dividend stocks above because it pays its shareholders on a monthly basis.

As of the 29th of May, YMAX ETF has a 12-month gross distribution yield of 9.7%, and a net yield of 8.2%. The total franking level of 41.3%.

The ASX dividend share's most recent dividend was a 4 cents per unit payment to shareholders today, 17th of June. It has paid between 3.5 cents and 5 cents per share since it moved to monthly payouts in February this year.

The post 3 ASX dividend shares yielding 9% (or even more) appeared first on The Motley Fool Australia.

After all, if you own shares that are likely to fall in value, your portfolio returns could suffer.

With that in mind, let's look at three ASX shares that analysts have named as sells this week, courtesy of The Bull. Here's what they are bearish on:

Lotus Resources Ltd (ASX: LOT)

EnviroInvest has named uranium producer Lotus Resources as a sell this week.

It was disappointed with the company's quarterly update, which revealed that it is facing several operational challenges. It commented:

This uranium producer is advancing the Kayelekera mine in Malawi and the Letlhakane project in Botswana. Uranium plays an important role in reducing global emissions and it's encouraging the Kayelekera mine is moving towards steady-state production. However, the latest quarterly report highlighted several operational challenges, including lower-than-expected recoveries, re-agent shortages and the withdrawal of previously reported grade and recovery figures while reconciliation processes are reviewed.

The company remains well funded and believes these issues are manageable. Even so, in our view, operational uncertainty during a critical production ramp-up phase increases risk and warrants a more cautious approach.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The team at DP Wealth Advisory has named entertainment company Nine Entertainment as a sell this week.

It feels that higher interest rates in a slowing economy make for a challenging environment. It explains:

This TV, newspaper publishing and streaming company has restructured its asset portfolio. It completed the sale of Nine Radio on April 30 and acquired QMS Media on March 31. The prospect of higher interest rates in a slowing economy present challenges, making it difficult to identify sufficient catalysts for meaningful growth.

In our view, there remains a structural shift away from free-to-air television towards streaming services and video on demand, but this is only partially addressed through NEC's 9Now and Stan platforms in a fiercely competitive environment.

PEXA Group Ltd (ASX: PXA)

DP Wealth Advisory has also named property settlements technology company PEXA as a sell this week.

It believes the proposed changes to capital gains tax and negative gearing could have a negative impact on the property market. It said:

PEXA is a digital property exchange business operating in Australia and more recently the UK. 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 Experts name 3 ASX shares to sell this week appeared first on The Motley Fool Australia.

What did Vicinity Centres report?

• Chairman Trevor Gerber to retire after eleven years of service, effective 28 October 2026 AGM
• Patrick Allaway appointed as Non-executive Director and Chairman-elect from 15 June 2026
• Gerber led the company through a multi-year investment and repositioning strategy
• No financial or dividend updates were included in this announcement

What else do investors need to know?

Vicinity Centres highlighted the significant contribution of Trevor Gerber, noting his leadership through the COVID-19 pandemic and during a period of strategic refocus toward premium retail assets. The company credits Gerber for leaving the business well-positioned, with a clear strategy and robust financial footing.

Patrick Allaway joins the board with over 30 years' experience across financial and capital markets, and a strong background in corporate advisory. He brings industry expertise from previous roles at major listed businesses such as Bank of Queensland Ltd (ASX: BOQ) and Nine Entertainment Co. Holdings Ltd (ASX: NEC)

What's next for Vicinity Centres?

Following this leadership transition, the company says it will continue its focus on delivering sustained income and value growth through its premium retail asset strategy. Incoming Chairman Patrick Allaway highlighted his intention to work closely with the board and executive team to build on current momentum and further position Vicinity as a leader in the sector.

The brokerage's forward focus appears to be on maintaining asset quality, disciplined management, and continuing to create value for securityholders as the new chairperson takes over.

Vicinity Centres share price snapshot

Over the past 12 months, Vicinity Centres shares have risen 2%, slightly trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

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The post Vicinity Centres: Chairman Trevor Gerber announces 2026 retirement appeared first on The Motley Fool Australia.

Let's start the new week with some fresh ratings on three ASX 200 shares.

BHP Group Ltd (ASX: BHP)

BHP shares finished last week at $62.93 apiece, up 38% YTD. 

Elio D'Amato from EnviroInvest has a hold rating on this ASX 200 mining share. 

D'Amato said (courtesy The Bull): 

This diversified miner produces iron ore, copper and other commodities critical to global economic growth. It remains a core holding in many portfolios due to its scale, balance sheet strength and ability to generate significant cash flow through commodity cycles.

However, in my view, recent news reports highlighting delays to decarbonisation initiatives and a reduced emphasis on environmental objectives are disappointing.

Copper and potash projects still provide exposure to the energy transition, but the environmental investment case is less compelling than it was several years ago.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine Entertainment share price closed at 91 cents on Friday, down 18% YTD.

Andrew Wielandt from DP Wealth Advisory has a sell rating on this ASX 200 communications share. 

Wielandt commented: 

This TV, newspaper publishing and streaming company has restructured its asset portfolio. It completed the sale of Nine Radio on April 30 and acquired QMS Media on March 31.

The prospect of higher interest rates in a slowing economy present challenges, making it difficult to identify sufficient catalysts for meaningful growth.

In our view, there remains a structural shift away from free-to-air television towards streaming services and video on demand, but this in only partially addressed through NEC's 9Now and Stan platforms in a fiercely competitive environment.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price closed at $86.47 on Friday, up 5.8% YTD.

Andrew Wielandt from DP Wealth Advisory has a hold rating on this ASX 200 consumer discretionary share. 

Wielandt said: 

The company's operations span across a diversified industrial portfolio, including retail, fertilisers, chemicals and more recently healthcare. However, the market is cautious about a slowing domestic economy under pressure from rising interest rates.

A proposed change in taxation treatment for capital gains may slow the property market.

Wesfarmers is one of the biggest employers in Australia, so a minimum 4.75 per cent wage increase for employees from July 1, 2026 may also weigh on the minds of investors.

The post Buy, hold, sell: Nine Entertainment, Wesfarmers, BHP shares appeared first on The Motley Fool Australia.