By the time the markets closed, the ASX 200 had dropped a nasty 0.98%. That leaves the index at 9,038.2 points.

This tough Thursday for Australian investors came after a milder night on the US markets.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't hold water, falling 0.21%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared better, only losing 0.081% of its value.

But let us return to the local markets now for a closer look at how the different ASX sectors traversed this Thursday's tough trading conditions.

Winners and losers

It was a bleak landscape out on the boards today, with only two sectors managing to escape intact.

Firstly, though, it was consumer discretionary stocks that copped the worst of it today. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) was slammed, crashing 3.18% lower.

Tech shares suffered too, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) plunging 2.38%.

Gold stocks didn't hold their value either. The All Ordinaries Gold Index (ASX: XGD) tanked 1.54% this session.

Real estate investment trusts (REITs) were in a similar boat, as you can tell by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 1.45% dive.

Consumer staples shares were no safe haven. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) cratered 1.43% today.

Nor were mining stocks, with the S&P/ASX 200 Materials Index (ASX: XMJ) copping a 1.18% beating.

Communications shares had a day to forget, too. The S&P/ASX 200 Communication Services Index (ASX: XTJ) saw its value erode 1.06%.

Utilities stocks also suffered, evident by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.99% tumble.

Financial shares weren't popular either. The S&P/ASX 200 Financials Index (ASX: XFJ) slid 0.68% lower this Thursday.

Our last losers were energy shares, with the S&P/ASX 200 Energy Index (ASX: XEJ) slipping down 0.19%.

Turning to the two green sectors now, the best place to hide out today was in healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) was spared, lifting a comfortable 0.23%.

Finally, our other winners were industrial shares, illustrated by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.03% bounce.

Top 10 ASX 200 shares countdown

Our chart-topper this Thursday was healthcare stock Ramsay Health Care Ltd (ASX: RHC). Ramsay shares surged 13.72% higher this session to hit $50.06 by close. This came after the company reported its latest earnings this morning.

Here's how the other top stocks 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.

What did Tabcorp report?

• Group revenue: $2,636.3 million, up 0.8% on FY25
• Group EBITDA: $431.7 million, up 10.3% on FY25
• Net profit after tax (before significant items): $71.1 million, up 43.6% on FY25
• Final dividend: 1.5 cents per share, unfranked; full year dividend: 3.0 cents, up 50%
• Net debt at 30 June 2026: $533 million; leverage reduced to 1.2x EBITDA
• Wagering & Media EBITDA: $361.8 million, up 9.9%; Integrity Services EBITDA: $69.9 million, up 12.0%

What else do investors need to know?

Tabcorp highlighted a strong focus on executing its transformation strategy, including cost discipline and a differentiated wagering product. The retail commercial model was updated, new betting terminals rolled out, and TAB LIVE in-play launched in pubs and clubs across approved states.

After the reporting period, Tabcorp announced an agreement to acquire BetMakers Technology Group, aiming to modernise its wagering technology and expand global B2B operations. This acquisition is expected to support further growth and efficiency once completed.

The company also extended and diversified its funding, issuing $300 million in notes and lengthening loan maturities. Liquidity stood at $1,161 million at 30 June 2026, and the company declared a 3.0 cent full-year dividend with a 58% payout ratio.

What did Tabcorp management say?

Gillon McLachlan, Managing Director & Chief Executive Officer, said:

Midway through our turnaround journey, we're executing on the plan, continuing to exercise cost and capital discipline and the Company is delivering earnings growth. The first two stages of our transformation were to get fit and operationalise our game plan. We've done that and we're ready to enter the growth phase of our transformation. Our proposed acquisition of BetMakers will accelerate our strategy, allowing us to release products faster and more cheaply while using BetMakers' complementary global assets to grow our international revenue opportunities.

What's next for Tabcorp?

Tabcorp expects domestic wagering turnover growth in FY27 to be broadly consistent with FY26, with further benefits anticipated from the Next-Gen terminal rollout and commercial model changes. Ongoing cost control and continued investment in strategic initiatives remain priorities.

Completion of the BetMakers acquisition, expected in the third quarter of FY27 and subject to regulatory conditions, is set to further modernise Tabcorp's operations and create new global growth opportunities. The company's strong balance sheet is expected to support its strategic goals.

Tabcorp share price snapshot

The Tabcorp share price has outperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a strong gain of around 27%.

View Original Announcement

The post Tabcorp lifts FY26 profit, unveils new tech acquisition appeared first on The Motley Fool Australia.

What did Tabcorp report?

• Agreed to acquire 100% of BetMakers at $0.24 per share, implying an enterprise value of around $267 million
• Transaction expected to deliver $30 million in annual cost synergies by end of Year 2
• Anticipated to be earnings per share (EPS) accretive from Year 2 and double-digit EPS accretive from Year 3
• Pro forma leverage remains conservative at approximately 1.9x Net Debt/EBITDA at December 2025 (prior to synergies)
• Offer unanimously recommended by BetMakers Board

What else do investors need to know?

The acquisition, subject to BetMakers shareholder and regulatory approval, is intended to strengthen Tabcorp's wagering technology and extend its B2B capabilities globally. BetMakers shareholders can elect to take part of their consideration in Tabcorp shares, though no more than 25% of the total deal will be in scrip.

Tabcorp expects to fund the cash portion from its existing resources without stretching its balance sheet. The transaction is anticipated to complete in the third quarter of FY27, pending conditions and approvals.

What did Tabcorp management say?

Tabcorp's Managing Director & Chief Executive Officer, Gillon McLachlan, said:

The acquisition of BetMakers will accelerate our strategy across multiple areas. BetMakers has undergone a significant transformation over the past two years and built impressive wagering technology and a talented team. Accessing those advantages will uplift our own tech capability and fast track our product ambitions, particularly for our unique media and tote offering. Combining BetMakers' business with our rights, content and customer relationships creates a differentiated offering that will unlock growth and deliver attractive financial returns.

Tabcorp is midway through its strategic transformation, with strong foundations established, and this acquisition provides us with an excellent opportunity to accelerate our ambitions.

What's next for Tabcorp?

Tabcorp aims to integrate BetMakers' advanced technology platforms and B2B services to drive further innovation and efficiency. Management targets both operational cost savings and new revenue opportunities, particularly from expanding global reach and enhancing digital offerings.

The company has set its sights on maintaining a strong balance sheet while pursuing growth, with a continued focus on technology transformation and diversified international operations.

Tabcorp share price snapshot

The Tabcorp share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months. During this time, the company's shares have risen 22% over the period.

View Original Announcement

The post Tabcorp to acquire BetMakers in $267 million growth-focused deal appeared first on The Motley Fool Australia.

After remaining in green territory all day, the ASX ended up finishing 1.01% higher at 9,038.6 points. We haven't seen the index that high since late February.

This rather epic Wednesday for the Australian markets followed a mixed Tuesday for the US markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) didn't hold back, rising 1.03%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did, though, dropping 0.22%.

But let's get back to ASX shares now and take a closer look at what was happening amongst the various ASX sectors today.

Winners and losers

It was a uniform show of optimism on the ASX boards this Wednesday, with not one sector recording a loss.

The least enthusiastic corner of the markets was financial stocks. The S&P/ASX 200 Financials Index (ASX: XFJ) crawled 0.19% higher this session.

Utilities shares were relatively muted as well, with the S&P/ASX 200 Utilities Index (ASX: XUJ) advancing 0.25%.

Then we had industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) was up 0.48% this session.

Gold shares didn't miss out either, as you can see by the All Ordinaries Gold Index (ASX: XGD)'s 0.59% bump.

Real estate investment trusts (REITs) were a little more enthusiastic. The S&P/ASX 200 A-REIT Index (ASX: XPJ) ended up lifting 0.75%.

Energy stocks did better again, with the S&P/ASX 200 Energy Index (ASX: XEJ) shooting 0.92% higher.

Tech shares managed to hit the triple-digits. The S&P/ASX 200 Information Technology Index (ASX: XIJ) galloped up 1.08% this hump day.

It was a similar story with mining stocks, evidenced by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 1.13% jump.

Communications stocks came after miners. The S&P/ASX 200 Communication Services Index (ASX: XTJ) added 1.5% to its total.

Consumer staples stocks really stepped on the gas though, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) vaulting 1.98% higher.

Its consumer discretionary counterpart did even better. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) soared up 2.37% today.

Finally, healthcare stocks topped the charts this Wednesday, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 4.24% surge.

Top 10 ASX 200 shares countdown

Retailer Lovisa Holdings Ltd (ASX: LOV) was our top stock today. Lovisa shares roared 7.88% higher this hump day to close at $24.64 each.

This jump came despite no news or announcements from the company itself.

Here's how the top shares 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.

After some initial volatility at market open this morning, the ASX 200 spent most of the session deep in red territory. A late-afternoon rally couldn't quite save the markets, and the index ended up closing 0.0045% lower at 8,840.7 points.

This sulky session for the ASX comes despite a more confident day over on the American markets last night.

The Dow Jones Industrial Average Index (DJX: .DJI) did well, rising 0.29%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did even better, gaining 0.62%.

But let's return to the local markets now and check out how the different ASX sectors navigated today's lethargic trading conditions.

Winners and losers

Fitting with the market's small drop, we saw a fairly even split between winners and losers this Thursday.

Leading the latter were mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) was hit hard today, cratering 1.58%.

Energy stocks had another rough one as well, with the S&P/ASX 200 Energy Index (ASX: XEJ) plunging 1.53%.

Continuing the commodities theme, gold shares came next. The All Ordinaries Gold Index (ASX: XGD) saw its value dive 0.82%.

Consumer staples stocks were on the nose too, as you can see from the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.31% dip.

Utilities shares joined the losing team, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid down 0.21% this session.

That's it for the losers, though, so let's get to the green sectors. Leading the winners were communications stocks, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) enjoying a 1.1% surge.

Consumer discretionary shares also ran hot. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) added 1.09% to its total this Thursday.

Financial shares proved popular as well. The S&P/ASX 200 Financials Index (ASX: XFJ) roared 0.88% higher.

Real estate investment trusts (REITs) fared half as well, evidenced by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 0.44% bounce.

Healthcare stocks were right behind REITs. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lifted 0.39% today.

Tech shares were in that ballpark as well, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) advancing 0.38%.

Finally, industrial stocks had a lucky finish, illustrated by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.08% bump.

Top 10 ASX 200 shares countdown

This Thursday's index winner was financial stock AMP Ltd (ASX: AMP). AMP shares soared 9.83% higher today to close at $1.90 each.

This big jump followed a well-received earnings update from the company.

Here's how the other winners 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.

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

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

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

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

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

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

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

One is a wine company trying to rebuild returns. One is a wagering and gaming business dealing with a regulatory cloud. The other is a furniture retailer with a long history of disciplined expansion.

That mix makes this interesting. These are not lookalike recommendations, with each buy call being driven by a different investment case.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine Estates is one ASX share Morgans thinks investors should be buying.

The broker has a buy rating and a $5.95 price target on the wine giant. Based on the current share price of around $4.79, that suggests potential upside of around 24%.

Morgans believes Treasury Wine's recent Investor Day was the positive share price catalyst it had been expecting. The broker pointed to ongoing depletions growth and noted that the mid-point of FY26 EBITS guidance was slightly ahead of consensus estimates.

But the bigger part of the investment case appears to be what comes next.

Treasury Wine has been working through a transformation program called Ascent. Morgans believes this program can support sustainable, high-quality earnings growth and help deleverage the balance sheet over the medium to long term.

That is important because Treasury Wine has not always delivered the returns investors hoped for. The company owns premium brands, including Penfolds, but the share market has wanted clearer evidence that the business can convert those brands into more attractive financial outcomes.

Morgans has upgraded its FY27 and FY28 forecasts and says the stock is trading on low multiples. It also believes new management can deliver more acceptable returns over time.

I think that makes Treasury Wine an interesting recovery-style buy, provided investors are comfortable with the execution risk.

Tabcorp Holdings Ltd (ASX: TAH)

Tabcorp is another ASX share Morgans recommends as a buy.

The broker recently upgraded the wagering company from accumulate to buy and placed a $1.07 price target on the stock. With Tabcorp shares trading around 87 cents, that implies potential upside of roughly 23%.

The backdrop is unusual. Morgans notes that Tabcorp's share price has fallen approximately 37% since AUSTRAC's investigation was announced earlier this month.

Regulatory investigations can hang over a stock for some time, and Morgans expects this one to remain an overhang for the foreseeable future. But at current levels, the broker believes Tabcorp looks materially undervalued.

Morgans argues that the roughly $960 million fall in market value is overly pessimistic and appears to reflect a very bearish scenario. The broker has taken a cautious approach by adding incremental operating costs linked to remediation in its base case, while noting that every 1% increase in compliance costs would reduce EBITDA by 1.6%.

The investment case here rests on valuation, current trading conditions, and the possibility that the market has reacted too harshly.

Nick Scali Ltd (ASX: NCK)

Nick Scali is the third ASX share on Morgans' buy list.

The broker recently initiated coverage with a buy rating and a $17.84 price target. Based on the current share price of around $16.39, that suggests upside of around 9%.

Morgans describes Nick Scali as a high-quality retailer with a long track record. The broker highlights its history of long-term earnings per share growth through disciplined store rollout, like-for-like growth, strong margins, and operating leverage.

I think the business model is the appealing part here. Nick Scali has shown that furniture retailing can be highly profitable when the store network, product range, pricing, and cost base are managed well.

Morgans also points to strong cash generation and the company's balance sheet. It notes that the business benefits from structural negative working capital, high cash conversion, and relatively low capital intensity when opening new stores.

That leaves room for dividends, property purchases, and growth.

The broker also sees more store rollout optionality, including Plush and Nick Scali growth in Australia and New Zealand, as well as a UK opportunity.

Foolish takeaway

These three Morgans buy calls are interesting because they are not built around the same theme.

Treasury Wine is a recovery story, Tabcorp is a valuation call under a regulatory cloud, and Nick Scali is a quality retailer with rollout potential.

Each carries risk, and none should be treated as a simple bargain just because a broker is positive. But for investors looking across different parts of the ASX, I think these three shares are worth a closer look.

The post Morgans recommends these ASX shares as buys appeared first on The Motley Fool Australia.

After starting sharply lower this morning, the ASX 200 spent most of the day recovering and broke into positive territory for a brief moment this afternoon. But it was not to last, and the index ended up closing 0.23% lower at 8,633.2 points.

This tantalising day for ASX investors followed a much rougher night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was smashed, dropping a nasty 1.87%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was hit even harder, falling 1.98%.

But let's get back to ASX shares now and take a look at what was going on amongst the various ASX sectors today.

Winners and losers

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

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

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

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

Let's take a look.

Endeavour Group Ltd (ASX: EDV)

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

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

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

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

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

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

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

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

BHP Group Ltd (ASX: BHP)

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

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

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

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

Graincorp Ltd (ASX: GNC)

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

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

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

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

Dicker Data Ltd (ASX: DDR)

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

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

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

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

This implies the tech stock is fully valued today.

Nufarm Ltd (ASX: NUF) 

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

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

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

This suggests a 22% upside is on the way.

Sims Ltd (ASX: SGM)

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

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

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

Tabcorp Holdings Ltd (ASX: TAH)

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

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

The broker said:

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

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

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

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

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

Today, analysts at Trading Economics said the US hit an empty oil tanker bound for Iran on Tuesday, and Iran launched attacks on US naval bases in Bahrain and Kuwait, as well as commercial vessels.

The strikes have cast new doubt over the likelihood of a peace deal any time soon to end the conflict and reopen the Strait of Hormuz.

ASX investors are also still digesting yesterday's news that Australian gross domestic product (GDP) rose by an anaemic 0.3% in the March quarter.

Over the 12 months to 31 March, GDP rose 2.5% in seasonally adjusted terms, according to the Bureau of Statistics. 

Additionally, the Fair Work Commission ordered a 4.75% lift to award wages, surprising many businesses with the above-inflation bump.

Inflation is currently running at 4.2% in annual terms.

However, CBA economists pointed out that minimum wage workers represent only 10% of all wage earners in Australia.

So, while the pay bump will raise labour costs for some companies, CBA does not expect that it will add upward pressure to inflation.

Meanwhile, brokers continue to review their ratings on ASX shares.

Here are some updates.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is 79 cents, down 1.3% today and down 33% over the past month alone.

Morgans upgraded this ASX 200 consumer discretionary share to a buy rating on valuation grounds this week.

The broker said:

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

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

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

While we are cautious about speculating on the ultimate outcome, we believe the approximately $960m erosion in market value is overly pessimistic and reflects the most bearish of scenarios.

We upgrade TAH from Accumulate to Buy given what we view as a near-term share price overreaction, and an underlying business that looks on track to outperform in the near term.

Morgans has a 12-month share price target of $1.07 on Tabcorp stock. This implies a potential 35% upside from here.

BHP Group Ltd (ASX: BHP)

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

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

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

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

4DMedical Ltd (ASX: 4DX)

The 4D Medical share price is $3.91, up 3% today, and down 14% in the calendar year to date.

The big picture is more impressive: this ASX healthcare share has ripped 1,158% over 12 months.

On Wednesday, 4DMedical announced a US$2 million program to fast-track entry into the acute pulmonary embolism (PE) market.

The program is called CLEAR – contrast-free lung evaluation for acute risk in pulmonary embolism.

4DMedical said PE would grow the addressable market for its CT:VQ product in the US to US$3 billion. 

The company said PE accounts for about 600,000 to 650,000 diagnosed clinical episodes in the US per year.

Yesterday, Ord Minnett reiterated its sell rating and $3 target on 4DMedical shares.

This suggests the broker anticipates a near 25% share price fall over the coming year.

The post Buy, hold, sell: Tabcorp, 4DMedical, BHP shares appeared first on The Motley Fool Australia.

Unfortunately, not all shares climbed with the market. Here's why these were the worst-performing ASX 200 shares in May:

Tuas Ltd (ASX: TUA)

The Tuas share price was the worst-performer on the ASX 200 index by some distance with a decline of 65%. Investors were selling the Singapore-based telco's shares after it terminated its proposed S$1.4 billion acquisition of M1 Limited. Tuas made the move after authorities learned that its Simba business may have been using radio frequency bands it was not authorised to use. To fund the acquisition, Tuas undertook a A$416 million capital raising at $5.51 per new share. It is unclear what the company will now do with these funds.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price was a poor performer and lost 32% of its value in May. The catalyst for this was news that the gambling company has become the subject of an AUSTRAC enforcement investigation. Tabcorp advised that this relates to anti-money laundering and counter-terrorism financing (AML/CTF) compliance. AUSTRAC has stated that the investigation is at an early stage and its approach will be determined once sufficient evidence has been collected and assessed. In response to the news, Tabcorp's CEO, Gillon McLachlan, said: "I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the Company's transformation and we will work constructively with AUSTRAC through this process."

IDP Education Ltd (ASX: IEL)

The IDP Education share price was out of form and sank 32% over the month. This was despite there being no news out of the language testing and student placement company. However, late in the month, the team at Macquarie downgraded IDP Education's shares to an underperform rating (from neutral) with a reduced price target of $2.35 (from $5.45).

Brambles Ltd (ASX: BXB)

The Brambles share price had a tough time in May and dropped 27%. This was driven by a guidance downgrade from the supply chain solutions company. Brambles revealed that it now expects sales revenue growth of 2% to 3% (from 3% to 4%) and underlying profit growth of 3% to 5% (from 8% to 11%). The company's CEO, Graham Chipchase, said: "Our immediate priority is to meet our customers' needs and to restore stability and service in the affected parts of our US network. Our response and ongoing investments in quality reinforce that meeting our customers' needs is non-negotiable. We will not compromise on the investment required to meet the quality, network resilience and service outcomes our customers expect."

The post These were the worst-performing ASX 200 shares in May 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:

Mineral Resources Ltd (ASX: MIN)

According to a note out of Bell Potter, its analysts have retained their buy rating on this mining and mining services company's shares with an improved price target of $81.00. The broker was pleased to see the Mt Marion expansion has been approved and the Bald Hill operation will restart. It expects this to support a meaningful increase in lithium spodumene production in the coming years. In addition, given the rapid balance sheet deleveraging, paired with cash flows from persistent iron ore and lithium market prices, the broker believes that Mineral Resources will start to pay dividends again in the near future. The Mineral Resources share price is trading at $72.32 on Friday.

Tabcorp Holdings Ltd (ASX: TAH)

A note out of Morgans reveals that its analysts have upgraded this gambling company's shares to a buy rating with a trimmed price target of $1.07. The broker made the move on valuation grounds following a sharp pullback this year. And while Morgans concedes that an investigation by AUSTRAC is likely to weigh on sentiment in the near term, it still believes its shares are being seriously undervalued by the market. This is even after factoring in additional costs that are likely for compliance activities. The Tabcorp share price is fetching 77 cents at the time of writing.

Web Travel Group Ltd (ASX: WEB)

Another note out of Morgans reveals that its analysts have upgraded this travel technology company's shares to a buy rating with a reduced price target of $3.75. This follows the release of the WebBeds owner's FY 2026 results this week. Morgans highlights that the company delivered a resilient result that was ahead of consensus expectations. Looking ahead, the broker wasn't surprised to see that the Middle East conflict is impacting its performance early in FY 2027. Morgans is expecting the conflict to lead to a soft first half but expects a recovery in the second half. Furthermore, the broker points out that after past economic and geopolitical events, travel demand rebounds. So, with its shares down heavily, it thinks now is a great time to snap them up. The Web Travel share price is trading at $2.68 on Friday.

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

After some morning wobbles, the ASX 200 spent most of the session in green territory, and ended up closing with a happy 0.69% rise. That leaves the index at 8,717.7 points.

This pleasant Wednesday session for Australian investors comes after a mixed return to trading for the American markets last night, following Monday's public holiday.

The Dow Jones Industrial Average Index (DJX: .DJI) gave up some initial optimism to close down 0.23%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared better, gaining a solid 1.19%.

But let's return to the local markets now and look a little closer at what was happening with the different ASX sectors this hump day.

Winners and losers

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

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

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

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

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

Endeavour Group Ltd (ASX: EDV)

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

Orora Ltd (ASX: ORA)

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

Tabcorp Holdings Ltd (ASX: TAH)

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

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

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

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is down 1.5% to $238.24. This follows the release of the investment bank's full-year results, which have been overshadowed by a market selloff. Macquarie reported net profit after tax of $4.85 billion for FY 2026, which is up 30% on FY 2025. This was driven by a very strong second half, with net profit coming in at $3.19 billion. This was a record half-year result and represented a 93% increase on the first half.

QBE Insurance Group Ltd (ASX: QBE)

The QBE Insurance share price is down 1.5% to $22.28. Investors have been selling the insurance giant's shares following the release of its quarterly update. QBE reported gross written premium (GWP) growth of 11% year-on-year. However, taking some of the shine off the result was its net cost of catastrophe claims. It was approximately $300 million for January to April. This reflects multiple events in Australia and storms in the Northern Hemisphere.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is down a further 10% to 79 cents. Investors have been selling this gambling company's shares amid news that it has become the subject of an AUSTRAC enforcement investigation. This relates to anti-money laundering and counter-terrorism financing compliance. AUSTRAC has stated that the investigation is at an early stage and its approach will be determined once sufficient evidence has been collected and assessed. Tabcorp's CEO, Gillon McLachlan, said: "I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the Company's transformation and we will work constructively with AUSTRAC through this process."

Westpac Banking Corp (ASX: WBC)

The Westpac share price is down 4% to $37.70. This has been driven by the banking giant's shares going ex-dividend this morning. This month, the big four bank released its half-year results and declared a 77 cents per share fully franked dividend. Eligible shareholders can now look forward to receiving this next month on 26 June.

The post Why Macquarie, QBE, Tabcorp, and Westpac shares are dropping today appeared first on The Motley Fool Australia.

At the time of writing, two of the big-name S&P/ASX 200 Index (ASX: XJO) shares are underperforming the 0.9% gains posted by the benchmark index, while one is racing ahead of those gains.

Here's what's grabbing investor interest.

Amcor shares lift on sales growth

Amcor shares are outperforming today, up 4.5% at $55.05 apiece.

This follows the release of the global packaging giant's March quarter results (Q3 FY 2026).

The ASX 200 stock said it realised acquisition synergies of US$77 million during the quarter, now that its acquisition of Berry Global is complete.

"Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor," CEO Peter Konieczny said.

Highlights from the quarter included a 77% year-on-year increase in net sales to US$5.91 billion.

And adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$892 million were up 87% from Q3 FY 2025.

On the passive income front, the company, which pays quarterly dividends, delivered a record payout of 91 Aussie cents per Amcor share, unfranked.

Light & Wonder shares sink on Q1 update

Unlike Amcor shares, Light & Wonder shares are taking a beating today.

Shares in the ASX 200 gaming company are down 8.9% at the time of writing, changing hands for $102.04 apiece.

Investors are favouring their sell buttons following the release of Light & Wonder's first-quarter results (Q1 2026).

On the positive side of the ledger, quarterly revenue of US$790 million was up 2% year on year. And adjusted EBITDA of US$327 million was up 5%.

However, statutory net income of US$52 million was down 37% from Q1 2025. Management pointed to some US$50 million in provisions tied to past legal matters for much of that decline.

Tabcorp shares crash on AUSTRAC investigation

Joining Light & Wonder and Amcor shares in making waves today, Tabcorp is grabbing attention for all the wrong reasons.

Shares in the ASX 200 gambling company are down a sharp 20.7% at the time of writing, trading for 91.2 cents apiece.

In a market release this morning, Tabcorp reported that AUSTRAC has "a number of serious concerns" regarding the company's ability to effectively identify, mitigate, and manage its money laundering and terrorism financing risks.

AUSTRAC has now commenced an enforcement investigation.

Commenting on the investigation that's hammering Tabcorp shares today, CEO Gillon McLachlan said:

I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the company's transformation and we will work constructively with AUSTRAC through this process.

The post Why Tabcorp, Light & Wonder and Amcor shares are making waves on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is down 9% to $101.82. Investors have been selling the gaming technology company's shares following the release of a mixed quarterly update. Light & Wonder reported a 2% increase in revenue to US$790 million for the quarter. In addition, consolidated adjusted EBITDA rose 5% to US$327 million. However, on a reported basis, net income fell 37% to US$52 million. This is largely due to approximately US$50 million in legal reserve contingencies associated with legacy legal matters.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is down 3.5% to $11.27. This follows the release of a trading update from the retailer. Super Retail revealed that group like-for-like sales are currently up 0.4% during the second half. It also warned that it is being impacted by higher fuel prices and rising interest rates. It said: "Sales momentum across all four brands was adversely affected by the onset of the Middle East conflict. Inflationary pressures, including higher fuel prices and rising interest rates, together with concerns around fuel availability weighed on consumer sentiment, with the impact most pronounced over the key Easter trading period."

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is down 20% to 91.7 cents. This has been driven by news that the gambling company has become the subject of an AUSTRAC enforcement investigation. Tabcorp advised that this relates to anti-money laundering and counter-terrorism financing (AML/CTF) compliance. AUSTRAC has stated that the investigation is at an early stage and its approach will be determined once sufficient evidence has been collected and assessed. In response, Tabcorp's CEO, Gillon McLachlan, said: "I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the Company's transformation and we will work constructively with AUSTRAC through this process."

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is down 4% to $30.52. Investors have been selling Woodside and other ASX energy shares today after the US and Iran appeared to make progress with peace talks. This led to oil prices tumbling deep into the red overnight.

The post Why Light & Wonder, Super Retail, Tabcorp, and Woodside shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the Tabcorp share price is down 24.78% to 86.5 cents, wiping out a large chunk of the stock's recent recovery.

Despite today's sell-off, Tabcorp shares are still up around 28% over the past 12 months. But with the stock now down about 13% in 2026, investors are clearly worried about what comes next.

Here's what investors are reacting to.

AUSTRAC opens an enforcement investigation

According to the release, Tabcorp advised it has received a letter from AUSTRAC in relation to a compliance assessment.

AUSTRAC is Australia's financial crimes watchdog. Its role includes monitoring compliance with anti-money laundering and counter-terrorism financing rules.

Tabcorp said AUSTRAC has raised serious concerns with the company's ability to identify, mitigate, and manage money laundering and terrorism financing risks.

As a result, AUSTRAC has started an enforcement investigation.

The investigation will initially look at whether Tabcorp is complying with its obligations under the AML/CTF Act. It will also assess whether the company has a compliant AML/CTF program, whether it follows that program, and how it monitors customers.

Investors are pricing in the unknown

Tabcorp noted that AUSTRAC's investigation is still at an early stage.

The company also said all potential outcomes remain open. That includes the possibility that no further enforcement action is taken.

But that has not settled investor nerves, and the share price reaction shows they are not treating this as a minor update.

Keep in mind that regulatory issues can be hard to price because the final outcome is uncertain. There may be no further action, or there may be penalties, extra costs, and more scrutiny.

The update also brings back older concerns. In 2017, Tabcorp paid a $45 million civil penalty after breaching AML/CTF laws on 108 occasions over more than 5 years.

What management is saying

Tabcorp Chairman Brett Chenoweth said the company takes its anti-money laundering and counter-terrorism financing obligations very seriously.

Managing Director and Chief Executive Gillon McLachlan said he is committed to leading a compliant and safe company.

He also said lifting risk capability has been an ongoing part of the company's transformation.

That may be true, but the market wants evidence that the risks are under control.

Foolish Takeaway

I can understand why investors are selling first and asking questions later.

Tabcorp has had a strong 12-month run, so major regulatory uncertainty was always likely to test that momentum.

The issue here is not just the investigation itself. It is the lack of clarity around where this goes next.

I would want to see more detail from AUSTRAC before taking a closer look.

The post Tabcorp shares crash 25% as watchdog probe hits appeared first on The Motley Fool Australia.

What did Tabcorp report?

• Tabcorp has received a formal notification from AUSTRAC regarding a compliance assessment.
• AUSTRAC expressed serious concerns about Tabcorp's money laundering and terrorism financing risk management controls.
• An enforcement investigation has commenced, focusing on the effectiveness of Tabcorp's AML/CTF program and customer monitoring processes.
• The review is currently at an early stage, with all potential outcomes still open—including the possibility of no further enforcement action.

What else do investors need to know?

While the investigation is still in its early days, AUSTRAC's concerns relate to Tabcorp's ability to identify and manage risks around money laundering and terrorism financing. The focus will be on compliance with legal obligations and the effectiveness of current policies and monitoring systems.

Tabcorp's Board and management say they are committed to full cooperation with AUSTRAC, highlighting that ongoing improvements to risk management have been a priority as part of the company's transformation. There is no indication yet of financial penalties or operational restrictions, but investigations of this type may involve significant scrutiny and resources.

What's next for Tabcorp?

Tabcorp will work closely with AUSTRAC as the investigation unfolds, with management reaffirming their commitment to raising risk management standards across the business. Shareholders will be keenly watching for further updates from the company or AUSTRAC as more information becomes available over the coming months.

There are no changes to ongoing operations at this stage, but regulatory compliance and the results of the investigation will remain key investor watchpoints in the near term.

Tabcorp share price snapshot

Over the past 12 months, Tabcorp shares have risen 72%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.

View Original Announcement

The post Tabcorp faces AUSTRAC compliance probe appeared first on The Motley Fool Australia.

At the time of writing, Tabcorp shares are flat at $1.10 per share. But the latest trading price still represents a 16% increase over the past week and a 12% increase over last month.

Tabcorp shares have also increased an impressive 107% over the past year.

There hasn't been any price-sensitive news out of the business since it posted its half-year results in February.

So the question is, why is everyone suddenly buying Tabcorp shares this week?

Here's what is driving Tabcorp shares higher

It looks like investors are finally buying into Tabcorp's recovery after a two-year period of weakness from late 2023 to late 2025.

The company has managed to stage a turnaround, which has created stronger financial results this year and renewed market confidence. Now it appears that the changes have finally gained some traction.

Tabcorp has undergone cost-cutting measures, a restructure, and also reshuffled its leadership in an effort to improve its revenue and earnings.

In its first-half results, the company revealed that group revenue was a modest 1% higher, EBITDA before significant items was up 14.3%, and statutory net profit before significant items had surged 61.5%.

The figures came in way ahead of market expectations (around 34% above consensus estimates), and a sudden rise in investor interest saw the share price jump nearly 24% in just one day.

Elsewhere, renewed confidence that the war between the US and Iran will soon come to a peace agreement has reinvigorated shares across most ASX markets.

What's next from the wagering stock? Is there more upside ahead?

According to analyst estimates, we can expect to see much more upside from Tabcorp over the next 12 months as its earnings continue to build and investor confidence gains even more momentum.

TradingView data shows that eight out of 12 analysts have a buy or strong buy rating on Tabcorp shares. Another three have a hold rating on the stock.

The average target price of $1.135 implies another 3% upside at the time of writing. Whereas the maximum $1.29 target price suggests we could see Tabcorp shares climb another 18%.

Ord Minnett was the latest broker to update its rating on Tabcorp shares. In mid March the broker trimmed its rating to accumulate, from buy, and raised its price target to $1.17 "on valuation grounds".

Morgans also recently maintained its accumulate rating and increased its target price to $1.20.

The post Why is everyone buying Tabcorp shares this week? appeared first on The Motley Fool Australia.