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

Let's check them out.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is $4.31, down 2.1% and up 26% over 12 months. 

Select Harvests is the world's No. 5 almond producer.

PAC Partners has a buy rating on this ASX agriculture share.

The broker said: 

Select Harvests … is based in a terrific Australian location, with an improving cost base and 90% of its almonds are exported into a tight global market.

We rate SHV a Buy for the 67% return over the next 12 months from a 65% lift in EBITDA over the two years to FY'27F,  a re-start of dividend in 1HFY'26; and strong cash flow platform.  

PAC Partners said the company's upcoming production update "should be positive", and added:

The tight global market continues with Californian forecasters maintaining the low drop estimates for upcoming August harvest, and almond prices at A$10.90/kg …

Auckland International Airport Limited (ASX: AIA) 

The Auckland International Airport share price is $7.28, down 1.6% today and up 4% over 12 months. 

Toby Grimm from Baker Young has a buy rating on this ASX 200 airline share.

On The Bull this week, Grimm said: 

The owner of New Zealand's premier airport has been impacted by the conflict in Iran and limited new aircraft availability.

Also, technical issues have contributed to softer passenger growth. We view capacity constraint and geopolitical issues as temporary.

AIA is a tier one infrastructure asset. Owning the airport land adds appeal to this quality stock that was recently trading below fair value.

AIA offers strong medium term recovery potential, so we believe it presents as an opportunity to accumulate stock at these levels.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is $88.93, down 1.9% today and up 5% over 12 months. 

Morgan Stanley has downgraded Wesfarmers shares from equal-weight to underweight with a slightly improved 12-month price target of $79.

The broker told clients that housing prices, inflation, and interest rates are weighing on consumer sentiment.

While the company's discount homewares retail network, Kmart, may benefit from customers seeking greater value, its hardware network, Bunnings, may face headwinds as the Australian housing market softens due to higher interest rates and changes to capital gains taxes and negative gearing starting 1 July next year.

The post Buy, hold, sell: Select Harvests, Auckland Airport, Wesfarmers shares appeared first on The Motley Fool Australia.

The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) has risen 13% year to date. 

This has far outpaced the S&P/ASX 200 Index (ASX: XJO), which is up just 0.66% in the same span. 

Despite the sector performing well, ASX consumer staples stock Select Harvests Ltd (ASX: SHV) is down significantly year to date. 

However, a new report from Bell Potter has indicated it could be set for a strong rebound. 

Company overview

Select Harvests is an integrated grower, processor and marketer of almonds, owning and operating farming and processing assets in Australia. 

It offers a vertically integrated model with core capabilities in farming, processing and marketing.

The company operates a diversified portfolio of almond orchards as well as a state-of-the-art processing facility in Carina VIC (with capacity to process 50,000t of almonds).

In 2026, the stock has fallen 20%, however Bell Potter's latest guidance indicates it could recover in the next 12 months. 

Here's what the broker had to say. 

Production maintained

Bell Potter said in yesterday's report that the recent weakness in this ASX consumer staples stock is not supported by improving almond market fundamentals. 

Global almond prices have risen 11% year-on-year, while a weaker Australian dollar has lifted implied Californian almond prices to A$10.55-10.60/kg. 

This is above SHV's 1H26 pricing assumption of A$10.21/kg.

Despite Select Harvest shares falling around 20% since the start of 2026, the company has maintained FY26 production guidance of 28,000–31,000 tonnes, which aligns with its expected theoretical production of around 29,000 tonnes. 

Bell Potter believes this suggests the market is overly focused on past operational issues rather than current fundamentals.

Taking into account the company's foreign exchange hedge position, stronger-than-expected almond price trends, and benchmark market performance, Bell Potter sees upside risk to the company's 1H26 almond price assumption. 

If current market prices persist, realised prices could be closer to A$10.50–10.60/kg, providing potential upside to earnings and the share price.

Strong upside in tact for consumer staples stock

Based on this guidance, Bell Potter has retained its buy recommendation and $5.30 price target. 

From current levels, this indicates an upside potential of 35%. 

SHV has had a series of disappointing results in recent years, however, the fundamental drivers of the business are improving – almond prices are rising, crop input prices (fertiliser and ag-chem) have weakened from the highs and forward year water lease coverage has improved.

The post Why this could be the best buy in the consumer staples sector right now: Expert  appeared first on The Motley Fool Australia.

That's because Bell Potter has just named one stock as a "compelling value play."

Which ASX stock?

The stock that the broker is recommending to clients is Select Harvests Ltd (ASX: SHV).

It is an integrated grower, processor, and marketer of almonds, owning and operating farming and processing assets in Australia.

Bell Potter highlights that recent developments in the important Californian almond growing region could give the ASX stock a boost. It said:

The implementation of the Sustainable Groundwater Management Act (SGMA) in California has the potential to result in a multi-year reduction in Californian almond supply, kickstarting an upward price cycle that would be materially beneficial for SHV.

The affected acreage: California produces ~77% of global almonds and supplies ~83% of global exports. Counties deemed in chronically overdrafted basins account for ~80% Californian almonds production. The implementation of sustainability plans in 2020, looks to be already reducing yields and as we approach 2040, there remains the scope for an acceleration in orchard removals to reach sustainability targets.

In light of this, the broker sees Australia as a logical supply hub. It adds:

First derivative winners are established almond producers (and SHV is the best ASX listed exposure). But there is also likely to be a reallocation of capital towards Australian assets and this could create a growth narrative for SHV that is missing. This would likely be through development of new orchards and/or expanded third party processing and marketing opportunities. There would also likely be favourable gains in orchard values.

Should you invest?

According to the note, the broker has retained its buy rating and $5.30 price target on the ASX stock.

Based on its current share price of $3.89, this implies potential upside of 36% for investors over the next 12 months.

In addition, Bell Potter is expecting a 2.5% dividend yield over the period, boosting the total potential return beyond 38%.

Commenting on its investment thesis, the broker said:

While yields and prices are volatile year-to-year, we see the key implication being a long-duration upswing in the commodity value first and asset values second. Trading at a 28% discount to market NAV and 5.4x FY26e EBITDA we see SHV as a compelling value play on what could be one of the best global plays on a SGMA.

The post Why this ASX stock is a 'compelling value play' appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to jump

The Australian share market looks set for a very strong session on Friday following a positive night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open 148 points or 1.7% higher this morning. On Wall Street, the Dow Jones was up 1.85%, the S&P 500 rose 1.75%, and the Nasdaq jumped 2.55%.

Oil prices sink

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor finish to the week after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 4.1% to US$86.35 a barrel and the Brent crude oil price is down 4.45% to US$88.98 a barrel. Traders were selling oil amid reports the US President Donald Trump wants to seize Iran's Kharg Island, which is home to its oil exports.

Buy Nick Scali shares

Morgans has initiated coverage on Nick Scali Limited (ASX: NCK) shares with a buy rating and $17.84 price target. This implies potential upside of 18.5% from current levels. The broker said: "We use an FY28 PER and DCF when setting our price target as we opt to look through near-term consumer weakness, with the current price providing an attractive entry point. High-quality retailer with a long track record. Nick Scali has delivered long-term EPS growth through disciplined store rollout, LFL growth, best-in-class margins, and operating leverage. Strong cash generation and balance sheet."

Gold price rebounds

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Newmont Corporation (ASX: NEM) could have a good finish to the week after the gold price rebounded from a six-month lower overnight. According to CNBC, the gold futures price is up 2.5% to US$4,236.4 an ounce. Falling oil prices gave the precious metal a boost.

Buy Select Harvests shares

Select Harvests Ltd (ASX: SHV) shares are undervalued according to Bell Potter. This morning, the broker retained its buy rating and $5.30 price target on the almond producer's shares. This implies potential upside of almost 40%. It said: "The implementation of the Sustainable Groundwater Management Act (SGMA) in California has the potential to result in a multi-year reduction in Californian almond supply, kickstarting an upward price cycle that would be materially beneficial for SHV."

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

A small group of ASX shares have ex-dividend dates this month.

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

So, if you're looking for some extra income before the end of the financial year (EOFY), these ASX shares provide options.

Ex-dividend dates also provide another opportunity.

Share prices usually fall on ex-dividend dates, so you may be able to pick up a stock you've been watching for a lower price.

Among the shares going ex-dividend this month are ASX agriculture stock Select Harvests Ltd (ASX: SHV).

The almond producer will trade ex-dividend on 17 June and pay investors 3.5 cents per share on 15 July.

Bell Potter has a buy rating on Select Harvests shares with a 12-month price target of $5.30, compared with $3.86 currently.

ASX 200 iron ore share Champion Iron Ltd (ASX: CIA) has an ex-dividend date of 11 June and will pay 2 cents per share on 8 July.

RBC Capital has a buy rating on Champion Iron with an $8.11 target, compared to $4.30 per share today.

Several of Wilson Asset Management's listed investment companies (LICs) will also go ex-dividend this month.

These include WCM Global Growth Ltd (ASX: WQG), which will trade ex-dividend on 10 June.

WCM Global Growth investors will receive a dividend of 2.2 cents per share on 30 June.

ASX shares with ex-dividend dates in June

The post 15 ASX shares going ex-dividend before EOFY appeared first on The Motley Fool Australia.

The ASX 300 stock ended the session around 8% higher at $3.90.

But if you thought the gains were over, think again.

That's because Bell Potter believes the almond producer's shares could be destined to deliver even greater returns over the next 12 months.

What is the broker saying about this ASX 300 stock?

Bell Potter notes that Select Harvests delivered a result that was short of expectations in the first half of FY 2026.

However, it points out that this was due largely to the timing of third-party processing and VAP revenues. It explains:

SHV reported 1H26 underlying NPAT below our forecasts at $29.1m (vs. BPe $41.2m) largely driven by timing of third party processing and VAP revenues. Key result metrics include: Operating results: Revenue of $59.0m was down -44 % YoY (vs. BPe $104.4m). Operating EBITDA of $62.6m was up +8% YoY (and vs. BPe of $77.6m). Operating NPAT was up +8% YoY to $29.1m (and vs. BPe of $41.2m). 1H26 results are predicated on a crop of 29,500t (vs. BPe of 29,000t and 1H25 of 25,250t) and an almond price of A$10.21/kg (vs. BPe of A$10.00/kg).

Elevated drying costs have been largely mitigated by volume and pricing outcomes, with the weaker result reflecting the timing of revenue recognition from third party processing (in 2H26e and up ~8,000t YoY) and VAP sales (with 20% processed vs. 35% in 1H25).

The ASX 300 stock's outlook was better. Bell Potter highlights:

Key outlook comments include (1) A FY26e crop forecast of 28,000-31,000t and orchards costs of $219.6m, which would imply Farming EBIT of $66-98m at the 1H26 price of $10.21/kg (BPe of $81m); (2) 2H26e to see the financial benefit of external grower volumes (~8,00/t YoY) and VAP sales (on SHV's crop); (3) SHV announced an up to 10% share buyback and a 3.5¢ps DPS (the first dividend since 2022); and (4) announced Optimus phase 4 looking to lift processing capacity to 65,000t (from 55,000t) and targeting $700m revenue by FY30e.

Big potential returns

In response to the results, Bell Potter has retained its buy rating and $5.30 price target on the company's shares.

Based on its current share price of $3.90, this implies potential upside of 36% for investors over the next 12 months.

In addition, a 2.6% dividend yield is expected over the same period.

Bell Potter concludes:

SHV continues to deliver on cost and growth initiatives to improve earnings quality and is executing in an environment where the California bearing acreage is in contraction, implying a more favourable pricing backdrop over FY26-28e.

The post Bell Potter says this ASX 300 stock can storm 36% higher 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:

Galan Lithium Ltd (ASX: GLN)

The Galan Lithium share price is up 8.5% to 47.2 cents. Investors have been buying this lithium developer's shares following the release of an update on its Hombre Muerto West (HMW) project. Management advised that it has completed wet plant commissioning and produced its first processed lithium chloride brine at HMW. This processed brine has now been discharged into the final evaporation ponds. Galan's managing director, Juan Pablo Vargas de la Vega, said: "The significance of the successful commissioning of the HMW plant cannot be overstated. The HMW mining operations have now been completely de-risked from start to finish and in just a few months we expect to have lithium chloride concentrate ready for sales."

Life360 Inc (ASX: 360)

The Life360 share price is up 1.5% to $19.21. The release of a broker note out of Bell Potter this week has given this location technology company's shares a boost. According to the note, Bell Potter has retained its buy rating on Life360's shares with an improved price target of $33.00. It said: "We expect similarly strong paying circle growth in each of Q2, Q3 and Q4 and, given this is the key driver of revenue growth, we believe market focus will shift to this positive rather than the negative of any weakness in MAU growth."

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 7.5% to $3.89. Investors have been buying the almond producer's shares following the release of its half-year results. Select Harvests reported an underlying net profit of $29.1 million. This was up 33% from $21.9 million during the prior corresponding period. The company's managing director, David Surveyor, said: "Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result."

SiteMinder Ltd (ASX: SDR)

The SiteMinder share price is up 8% to $3.27. This morning, this hotel technology company announced the launch of SiteMinder Powered. This allows selected hospitality technology companies to integrate SiteMinder's distribution engine directly within their own platforms. SiteMinder's CEO, Sankar Narayan, commented: "SiteMinder Powered is a natural evolution of our platform, especially at this time when we are witnessing AI reshaping how hoteliers work. Over time, we expect more agentic workflows to operate seamlessly across connected hospitality platforms – and, as those workflows become more automated, the infrastructure connecting hotel systems, distribution channels and commerce capabilities becomes more valuable."

The post Why Galan Lithium, Life360, Select Harvests, and Siteminder shares are storming higher appeared first on The Motley Fool Australia.

On a growth path

The company said in a statement to the ASX that it had delivered underlying net profit of $29.1 million in the first half, up from $21.9 million from the previous corresponding period.

The almond grower said it expected its 2026 almond crop to come in at 29,500 tonnes, with a forecast range of 28,000 to 31,000 tonnes, up from 24,903 tonnes for FY25.

Select Harvests also said the almond price had held up, with a price of $10.21 per kilogram achieved in the first half compared with $10.18 previously.

The company's Managing Director David Surveyor said regarding the results:

Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result. The Company is successfully delivering its strategy, and this is reflected in our financial performance. The Board has therefore declared a fully franked interim dividend of 3.5 cents per share and announced an on-market share buy-back of up to 10% of issued capital.

Select Harvests said the 2026 crop was going to be among the biggest in the company's history due to investments in both farming and processing practices.

The company added:

In terms of growth the Company has effectively doubled in size over the last three years. The Board has now set the next series of targets with the aim of increasing Select Harvests to 65,000MT and $700m revenue by 2030 based on confidence in our strategy and people.

The company said sales for the half were $45.5 million lower than for the same period the previous year, coming in at $59 million, however this was caused by a lower carryover crop and the impact of a late 2026 harvest due to wet weather.

The company said 2026 revenues "will grow materially driven by growth in Select Harvests crop size and external grower volumes''.

Expanding into new markets

The company said re sales:

In terms of global markets, the Company continues to grow its customer base, particularly in China and India allowing for an improved sales profile and diversification as we add more direct customers, consistent with our strategy. Access to the Middle East markets remains challenging with the disruption to supply chains, however we have successfully redirected supply to other markets.

The company said its board did not believe the share price reflected the value of the company, and hence it would conduct a buyback starting no earlier than 14 days from the announcement.

Select Harvests shares were trading 11.1% higher at $4.02. The company is valued at $514.43 million.  

The post This company has just announced a buyback, and the shares are surging appeared first on The Motley Fool Australia.

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

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

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

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

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

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

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

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

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

… consumers remain deeply pessimistic.

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

However, rate rise fears are also in the mix.

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

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

Let's take a look at the impact.

Consumer staples shares led the ASX sectors last week

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

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

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

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

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

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

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

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

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

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

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

ASX 200 market sector snapshot

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

Over the five trading days:

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

Among the 11 market sectors, technology is the fastest riser, up 3.7%, after a strong lead from Wall Street.

The Nasdaq Composite Index (NASDAQ: .IXIC) has been on a tear, up 11% in a month, and hit a new record overnight.

The materials sector is the laggard, down 2.7%, due to falling gold, silver, copper, iron ore, and lithium prices today.

Let's check out some new ratings from the experts.

Hansen Technologies Ltd (ASX: HSN)

The Hansen Technologies share price is $4.80, up 1.6% today and down 19% over six months.

Hansen is a global provider of software and services to the energy, water, and communications industries.

Shaw and Partners reiterated its buy rating on this ASX tech share after the company presented at its TechRise Conference.

The broker said:

Management reiterated FY26 remains weighted to a stronger 2H, with DigiTalk contributing ~$10–11m revenue and FX remaining a top-line headwind.

Margin commentary was incrementally more confident, with management suggesting "30% plus" margins are realistic over the medium term, supported by AI-driven productivity gains.

Large telco opportunities and proof-of-concepts continue progressing positively, while AI discussion was materially more commercially focused and increasingly framed as an opportunity.

HSN also expects to be net cash positive later this calendar year, supporting further disciplined M&A. Reiterate Buy. 

Superloop Ltd (ASX: SLC)

The Superloop share price is $3.51, up 0.3% today and up 38% in the calendar year to date.

Nathan Lodge from Securities Vault has a hold rating on this ASX telecommunications share.

Lodge explained his rating on The Bull this week:

This internet service provider is a strong performer, benefiting from increasing data demand and network utilisation. The company is executing well on its fibre and broadband strategy, and earnings momentum has improved.

However, much of the near term upside appears priced in. The market is recognising its infrastructure value and, accordingly, valuation multiples have expanded.

While structural demand for connectivity remains intact, the competitive telecommunications environment in Australia limits pricing power. Growth is likely to continue, but at a more measured pace.

Investors already positioned in SLC should hold, but fresh capital may find better risk-reward opportunities elsewhere.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is $3.62, up 1.4% today and down 27% in 2026 so far.

Shaw and Partners reiterated its buy rating on this ASX agriculture share this week.

The broker said Select Harvests is the world's No. 5 almond producer and exports more than 80% of its almonds.

It noted favourable supply and demand dynamics, including growing almond prices, up 7% over the four weeks to 6 May alone.

Shaw and Partners said:

The confirmation of high demand and tight Californian (and Australian) supply, alongside yesterday's Blue Diamond's detailed report on the higher Californian cost base (up to US$3.00/lb) should push almond price up at least 7% to US$3.41/lb.

We rate Select Harvests Limited (ASX:SHV) and Buy for the 64% return over the next 12-24 months from a 57% lift in EBITDA in FY'26F, re-start of dividend in 2HFY'26F, and cash flow platform.

The post Buy, hold, sell: Superloop, Hansen Technologies, Select Harvests shares 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.

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

Orora Ltd (ASX: ORA)

The Orora share price is down 20% to $1.57. Investors have been selling this packaging company's shares following the release of a trading update. Partly due to the war in the Middle East, Orora's Saverglass has been underperforming expectations. Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from its previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros. It notes that shipping routes and overland access have been disrupted in the Middle East, forcing Orora to transition its facility into a closed-loop hot operation. This means the furnace is kept running, but no bottles are produced.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is down 8% to $3.69. This morning, this almond producer revealed the surprise resignation of its CEO, David Surveyor, after three and a half years leading the company. The release notes that Mr Surveyor will remain with the company to work through his six-month notice period and assist with an orderly transition. Surveyor commented: "It has been a privilege to lead Select Harvests over the past three years. I am proud of the transformation we have achieved together. Our people have lifted strategy and execution across the business, from improving our horticultural practices to step changing our processing capability and redefining our approach to market."

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 17.5% to 26 cents. This has been driven by the completion of the institutional component of an equity raising. The natural gas company has raised US$103 million (A$147.1 million) of gross proceeds via a registered underwritten public offer. Tamboran Resources' CEO, Todd Abbott, said: "We are entering what will be the most active two‑year period in the Beetaloo Basin to date, including the delivery of first gas sales in the third quarter of 2026 and the continued delineation of gas resources across our Beetaloo East and Beetaloo West acreage."

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 10% to $38.92. This is despite there being no news out of the logistics solutions software provider on Thursday. However, it is worth noting that the tech sector is a sea of red today, with heavy declines being seen across the board. This has led to the S&P/ASX All Technology index dropping a sizeable 4.5%.

The post Why Orora, Select Harvests, Tamboran, and WiseTech shares are sinking today appeared first on The Motley Fool Australia.

Select Harvest shares fell 3.43% yesterday, closing at $3.94 per share. 

Its share price is now down just over 20% year to date. 

However a new report from Bell Potter suggests it could now be priced at an attractive entry point.

The new report from Bell Potter has come after the company's FY25 AGM.

Response to the AGM 

Select Harvests is an integrated grower, processor and marketer of almonds owning and operating farming and processing assets in Australia. It offers a vertically integrated model with core capabilities in farming, processing and marketing.

Yesterday, Bell Potter adjusted its outlook on this company following the AGM. 

The broker anticipates softer near-term earnings driven mainly by currency and cost assumptions, while maintaining a positive long-term outlook.

It said cost pressures remain in areas such as bees, water and fertiliser, though FY26 water cost assumptions have been slightly reduced given lower year-to-date prices.

Volume forecasts remain unchanged at 29,000 tonnes for FY26, with management noting a fast bloom, successful bee procurement and no major frost damage, while industry forecasts point to a 7% year-on-year increase in Australia's 2026 crop.

As a result of updated pricing, FX and water assumptions, Bell Potter has reduced EBITDA forecasts by 7% in FY26 and 10% in FY27, with a modest 1% uplift in FY28.

Price target adjustment for this consumer staples stock

According to yesterday's report, the target price has been lowered to $5.30 per share (from $5.80). 

However Bell Potter retained its buy recommendation, citing supportive global supply dynamics – including a smaller-than-expected Californian crop and weak snowpack – along with attractive valuation metrics (11.4x FY26e EPS, ~30% EPS CAGR FY25–28e) and a roughly 20% discount to market book value.

Bell Potter's price target of $5.30 indicates a potential upside of 34.5%. 

We also see SHV trading at a ~20% discount to market-BV, with recent orchard transactions supportive of the market value as reported (~$4.97/sh).

Elsewhere, the average analysts rating via TradingView also indicates there is plenty of upside for this consumer staples stock. 

TradingView has an average 12 month price target of $5.42 which indicates an upside of approximately 37.5%. 

The post Bell Potter tips 34% a turnaround for this ASX consumer staples stock appeared first on The Motley Fool Australia.

To narrow things down, let's take a look at three Australian shares that analysts are recommending as buys this week, courtesy of The Bull. Here's what they are bullish on:

Macquarie Group Ltd (ASX: MQG)

The team at Bell Potter is positive on investment bank Macquarie Group and has named it as a buy. It highlights its resilient earnings and strategic plays as reasons to be positive. The broker explains:

This diversified financial services group is actively advancing strategic plays. The company's asset management division has lodged a $11.6 billion takeover bid for Qube Holdings, a provider of integrated import and export logistics, at $5.20 a share. MQG recently sold its United States and European public asset management business to Nomura, a financial services group. MQG has increased its interim dividend and extended its buy-back program. Despite a softer profit phase, core earnings remain resilient, reinforcing our buy recommendation.

Select Harvests Ltd (ASX: SHV)

Bell Potter's analysts also think that almond producer Select Harvests could be an Australian share to buy now.

It notes that almond prices have rebounded, which has supported improvements in its balance sheet. In addition, cyclical tailwinds and margin improvement initiatives, together with rising global demand, look set to support its future growth. The broker said:

Select Harvests has delivered a solid recovery, supported by a rebound in almond prices and healthy crop volumes. The business has significantly strengthened its balance sheet, halving net debt and returning to strong cash flow generation. Management commentary points to further upside through operational efficiencies and potential processing volume growth. Given rising global demand for almonds and favourable export trends, SHV is poised to benefit from cyclical tailwinds and internal margin improvement initiatives. This remains a compelling agribusiness story in recovery mode.

Sonic Healthcare Ltd (ASX: SHL)

The team at Shaw & Partners is a fan of this pathology provider and has named it as a buy.

The broker highlights the company's strong growth outlook for FY 2026, its global scale, and dividend yield as reasons to be positive. It said:

Company operations include pathology, radiology, laboratory medicine, general practice medicine and corporate medical services. The company has operations in Australasia, Europe and North America. Revenue of $9.645 billion in fiscal year 2025 was up 8 per cent on the prior corresponding period. Net profit of $514 million was up 7 per cent. The company is expecting strong earnings per share growth in fiscal year 2026. Global scale and dividend yield supports our buy recommendation. The shares have risen from $20.89 on November 18 to trade at $22.55 on December 18.

The post Analysts say these 3 Australian shares are buys appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:

HMC Capital Ltd (ASX: HMC)

The HMC Capital share price is up 8% to $3.83. This investment company's shares have been in fine form this week, rising very strongly. So much so, they are now up 18% since this time last week. A catalyst for this could have been a broker note out of Macquarie Group Ltd (ASX: MQG) earlier in the week. Its analysts have reaffirmed their outperform rating and $4.90 price target on HMC Capital's shares. This still implies potential upside of approximately 27% for investors over the next 12 months.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 9% to $4.48. Earlier this week, in response to its results, Bell Potter put a buy rating and $5.80 price target on the almond producer's shares. It said: "Our Buy rating is unchanged. FY25 results appeared broadly consistent with our expectations and should benefit in FY26e from improved production volumes and elevated almond prices. While costs are lifting (this was anticipated in our forecasts) and there is the scope for this to be mitigated by cost out initiatives. At spot almond prices we would see SHV trading on a FY26e PE of ~9x, with upside to EPS through delivery of cost out initiatives and securing third party processing volumes."

Web Travel Group Ltd (ASX: WEB)

The Web Travel share price is up 4.5% to $4.79. This may have been driven by the release of a bullish broker note out of UBS this morning. According to the note, the broker has reaffirmed its buy rating and $6.15 price target on its shares. Based on its current share price, this implies potential upside of almost 30% for investors over the next 12 months. The broker was pleased with the company's recent update, highlighting that it is growing stronger than a key rival. It was also happy to see that Web Travel's margins have held up better. Though, there is a risk that this rival will try to undercut Web Travel in order to boost its growth.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up a further 5.5% to $73.65. This is despite there being no news out of the logistics solutions technology company on Friday. However, it is worth noting that a number of ASX tech shares have been rising strongly this week after being sold off this month amid concerns over an AI bubble. This has seen the S&P/ASX All Technology Index rise by 0.85% at the time of writing. WiseTech Global shares are now up 13% over the past two sessions.

The post Why HMC Capital, Select Harvests, Web Travel, and WiseTech shares are pushing higher today appeared first on The Motley Fool Australia.

That's because Bell Potter believes it could deliver outsized returns for investors between now and this time next year.

Which ASX All Ords stock?

The stock in question is Select Harvests Ltd (ASX: SHV).

It is an integrated grower, processor, and marketer of almonds owning and operating farming and processing assets in Australia.

The broker notes that the ASX All Ords stock operates a diversified portfolio of almond orchards as well as start of the art processing facility in Carina, Victoria, with capacity to process 50,000t of almonds.

It released its FY 2025 results this week and delivered a result largely in line with expectations. The broker explains:

Revenue of $398.3m was up +18% YOY (vs. BPe $309.8m). Operating EBITDA of $76.5m was up +63% YOY (and vs. BPe of $78.0m). An operating NPAT of $27.8m compares to $2.3m in FY24 (and vs. BPe of $27.3m). FY25 results are predicated on a crop of 24,903t (vs. BPe of 24,700t and FY25e guidance of 24,700t) and an almond price assumption of A$10.18/kg (vs. BPe of A$10.17/kg and FY25e guidance at A$10.14-20/kg). Headline NPAT of $31.8m includes a $5.8m pretax gain on sale of water rights (which occurred in 1H25).

And while there was no real guidance for FY 2026, it believes the stage is set for a strong performance. It adds:

here is no formal guidance. Qualitative comments include: (1) Normal but quick bloom, with no frost damage. Harvest likely later than usual due to cooler weather season to date; (2) Favourable almond price backdrop through FY26e (we have spot at ~A$10.90/kg); and (3) some cost headwinds and notably water, bees and electricity (~$20m YOY) with some mitigation through business investment. NPAT changes are +4% in FY26e and +13% in FY27e.

Big potential returns

In light of the above, the broker feels that this ASX All Ords stock is too cheap at 9x forward earnings.

It has put a buy rating and $5.80 price target on its shares, which implies potential upside of 39% for investors over the next 12 months.

In addition, it expects a 1.7% dividend yield in FY 2026 (and 3.6% dividend in FY 2026), which takes the total potential return beyond 40%.

Commenting on its buy recommendation, Bell Potter said:

Our Buy rating is unchanged. FY25 results appeared broadly consistent with our expectations and should benefit in FY26e from improved production volumes and elevated almond prices. While costs are lifting (this was anticipated in our forecasts) and there is the scope for this to be mitigated by cost out initiatives. At spot almond prices we would see SHV trading on a FY26e PE of ~9x, with upside to EPS through delivery of cost out initiatives and securing third party processing volumes.

The post Why this ASX All Ords stock could return 40% in a year appeared first on The Motley Fool Australia.

The Australian almond grower reported a net profit of $30.9 million, up from just $900,000 the previous year, while EBITDA was up 81% to $82.4 million.

This was despite the company's almond crop falling by 16% to 24,903 tonnes.

The profit uplift came as a result of an improved almond price, up 32% over the previous corresponding period.

The company said it also achieved a "meaningful reduction in net debt" to $79.1 million, with a debt-to-equity ratio of 15.1%.

Almond consumption growing

The company said on the outlook, it "continues to hold the view that the macro environment for almonds is positive''.

On the demand side, global trends indicate continued growth in the consumption of healthy foods and snack products, alongside increasing demand for high-quality protein in our key markets. This along with our customer strategy means we continue to see a strong order book. We anticipate world almond demand to continue at a compound annual growth rate of 5% – 7%. On the supply side, our view is that US bearing acres have peaked and we are witnessing a reduction in almond acreage across California.

Managing Director David Surveyour said the company continued to execute against its strategic pillars.

The investment in safety, our people, horticulture, processing and sales has positioned us to leverage the favourable macro-economic conditions. The improvements to our profit, cash and balance sheet reflect the quality of our assets, the operational gains we are making and our commitment to financial discipline. We thank our team and partners for their dedication and our customers for their continued support of the business.

The company said with regards to the current season, the bloom was "generally positive", however, it was not forecasting a crop size at this time.

Our sales and operations teams are well prepared for the coming season. It remains our view there is substantial leverage and growth in our core business. Our focus remains on growing, processing and selling as efficiently as we can.

Select Harvests did not declare a final dividend for FY25, with the company saying the board was balancing the importance of paying down debt against dividend payments, and it would continue to do so.

Select Harvests was valued at $568.4 million at the close of trade on Tuesday. The company's shares were 3.5% higher at $4.14 around noon on Wednesday.

The post Almond grower's shares up on positive full-year profit result appeared first on The Motley Fool Australia.

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

AGL Energy Limited (ASX: AGL)

According to a note out of Macquarie, its analysts have retained their outperform rating on this energy giant's shares with an improved price target of $11.00. The broker believes that significant share price weakness since the release of its FY 2025 results has created a buying opportunity for investors. Especially now its shares are trading at almost 9x earnings, which is notably lower than both historical multiples and the average among peers. Another positive is the above average dividend yield on offer with AGL's shares, which Macquarie believes is sustainable at current levels. Particularly given its belief that the company's earnings are going to be better quality in the coming years. The AGL share price was fetching $8.47 on Friday.

Seek Ltd (ASX: SEK)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $32.50 price target on this job listings company's shares. The broker was pleased with the company's performance in FY 2025 and feels that its start to FY 2026 is supportive of its positive view on the stock. It also notes that the market appears to be underestimating its ability to achieve double digit growth. Morgan Stanley is expecting 11% revenue growth and for operating leverage to underpin 19% EBITDA growth and 25% earnings per share growth in FY 2026. It notes that this makes its medium term growth rate stronger than peers. The Seek share price ended the week at $28.00.

Select Harvests Ltd (ASX: SHV)

Analysts at Bell Potter have retained their buy rating on this almond producer's shares with an improved price target of $5.45. According to the note, the broker believes that the market is undervaluing the company's shares. Especially given how almond prices have rebounded strongly recently. And with its costs remaining in line with expectations, Bell Potter is expecting strong earnings from Select Harvests. In addition, it highlights that the long-term under development of orchards in California implies a period of limited supply expansion potential, which it views as a positive for the direction of future almond pricing trends. So, with its shares trading at ~5.9x estimated FY 2026 "spot price" EBITDA, it feels its valuation is undemanding, particularly if pricing continues to firm. The Select Harvests share price closed Friday's session at $4.27.

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

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

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 5% to $3.23. This is despite there being no news out of the counterdrone technology company. However, with its shares pulling back meaningfully in recent weeks, some investors may believe a buying opportunity has opened up. In addition, some investors may think that rising tensions in the Middle East could lead to increased demand for its products in the near term.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 10% to $4.25. This may have been driven by the release of a bullish broker note out of Bell Potter this morning. According to the note, the broker has reaffirmed its buy rating on the almond producer's shares with an improved price target of $5.45. Commenting on its buy recommendation, the broker said: "Buy rating is unchanged. Volatility in almond pricing has been a feature since May'25. However, the long-term under development of orchards in California implies a period of limited supply expansion potential, which we view as a positive for the direction of future almond pricing trends. Trading at ~7% discount to market NAV, ~5.9x FY26e "spot price" EBITDA and ~9.3x FY26e "spot price" PER (@29kt production), valuation is undemanding, particularly if pricing continues to firm."

Tower Ltd (ASX: TWR)

The Tower share price is up almost 10% to $1.58. The catalyst for this has been news that the insurance company has updated its guidance for FY 2025. Tower's underlying net profit after tax is now expected to be in the range of between NZ$100 million to NZ$110 million, provided that no large events are recorded in September. Its previous guidance was for underlying net profit after tax of between NZ$70 million and NZ$80 million.

Ventia Services Group Ltd (ASX: VNT)

The Ventia Services share price is up 5% to $5.29. This morning, this essential infrastructure services provider announced the extension of its Facility Management Agreement with the City of Sydney, valued at approximately $100 million over two years. This extension will commence on 22 January 2026 and continue through to 21 January 2028. Management believes it reinforces the City of Sydney's continued confidence in Ventia's ability to deliver high-quality, data driven and strategic asset management services across its diverse asset portfolio.

The post Why DroneShield, Select Harvests, Tower, and Ventia shares are roaring higher appeared first on The Motley Fool Australia.

For example, if Bell Potter is on the money with its recommendation, the ASX 300 stock in this article could be destined to deliver outsized returns for investors over the next 12 months.

Which ASX 300 stock?

The stock that Bell Potter thinks is being undervalued by the market is Select Harvests Ltd (ASX: SHV). It is an integrated grower, processor and marketer of almonds via farming and processing assets in Australia.

While this may not be the most exciting industry to be in, the broker believes that exciting returns could be on the cards thanks to rising almond prices. It said:

In recent weeks as the Californian harvests has commenced almond prices have been rallying, as the 3.0bnlb USDA forecast may be considered optimistic.

USD almond prices have rallied ~26% from the bottom, with the Stratmarkets Almond index now at ~US$3.11/lb and at a higher level than that just prior to the Jul'25 Objective estimate. The move is on the back of mixed early harvest reports in California, calling into question the 3.0Bnlb USDA forecast. In AUD terms, almond prices have moved to ~A$10.35/kg, a 3-month high and up +19% YOY.

More good news is that costs remain in line with expectations at present. The broker adds:

Input costs: Major cost inputs in water and fertiliser are broadly unchanged from our previous update. Our baseline assumptions are for +6% YOY growth in costs per kg (on a 29kt equivalent basis).

Big returns

In light of the above, Bell Potter has retained its buy rating on the ASX 300 stock with an improved price target of $5.45. Based on its current share price of $3.85, this implies potential upside of approximately 42% between now and this time next year.

In addition, it is expecting a modest 1% dividend yield in FY 2025, followed by a 1.8% dividend yield in FY 2026.

Commenting on its buy recommendation, the broker said:

Buy rating is unchanged. Volatility in almond pricing has been a feature since May'25. However, the long-term under development of orchards in California implies a period of limited supply expansion potential, which we view as a positive for the direction of future almond pricing trends. Trading at ~7% discount to market NAV, ~5.9x FY26e "spot price" EBITDA and ~9.3x FY26e "spot price" PER (@29kt production), valuation is undemanding, particularly if pricing continues to firm.

The post Guess which ASX 300 stock could rise 40% in 12 months appeared first on The Motley Fool Australia.