I am not looking for businesses where everything is perfect today. I am looking for companies where expectations have been reset, but the long-term opportunity still looks attractive.

Three ASX shares I would consider buying before sentiment improves are named in this article.

CSL Ltd (ASX: CSL)

CSL is one ASX share I think investors should be studying closely.

The healthcare giant has been through a difficult period. Confidence has weakened, guidance has disappointed, and the market no longer treats the company as the simple long-term compounder it once appeared to be.

I think that shift is important. Investors should not pretend the old story is still intact. CSL needs to rebuild trust, improve execution, and show that the pressure in parts of its business can be managed.

But I also do not think the company's long-term strengths have disappeared. CSL remains a global healthcare leader with valuable positions across plasma therapies, vaccines, and specialist medicines.

The dividend yield has also become more interesting after the share price weakness. I would not buy CSL only for income, but I do like being paid something while waiting for the business to regain momentum.

Sentiment may take time to turn. That is normal after a long derating. But I think patient investors could look back on this period as a useful opportunity to buy a global healthcare leader when expectations were unusually low.

WiseTech Global Ltd (ASX: WTC)

WiseTech is another ASX share I would buy before confidence fully returns.

The logistics software company has been sold down heavily from its high, but I still think the business has an excellent long-term position.

Global trade is complicated. Freight forwarders and logistics providers deal with customs, documentation, compliance, warehousing, transport, tariffs, and constant exceptions. That kind of complexity creates a need for software that can sit deep inside daily workflows.

That is what I like about WiseTech. Its CargoWise platform is not a casual tool that customers use once and forget. It helps run important parts of global logistics operations. If the software saves time, reduces errors, and improves control, it can become very difficult to replace.

I am also positive on its exposure to artificial intelligence (AI) and think it could become genuinely useful in this part of the economy. Logistics still contains a lot of repetitive admin, document handling, and manual checking. If WiseTech can use AI to make those processes faster and more accurate, the platform could become even more valuable.

There are risks around valuation, execution, and integration. But I think the share price fall has made the long-term risk/reward more appealing.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine Estates is a different type of opportunity.

This is more of a recovery story than a clean compounder today. The market has become cautious on the business, and that is understandable. The US wine market has been difficult, execution has been questioned, and confidence in the earnings outlook has weakened.

But I still think Treasury Wine owns assets worth paying attention to. Penfolds remains a powerful premium wine brand. Those kinds of brands are not built quickly. They need history, trust, distribution, quality, scarcity, and pricing power.

If the company can rebuild momentum in China, improve its US performance, and focus more effectively on its strongest brands, I think sentiment could improve over time.

However, recovery stories often take longer than investors hope, so patience will be needed. But after a heavy sell-off, I think the market may already be pricing in a lot of disappointment.

Foolish Takeaway

Weak sentiment can make even good opportunities feel uncomfortable.

That is why I think this is a useful time to look at businesses where the market has lost patience, but the long-term case has not disappeared. The share prices may not recover quickly, and there will almost certainly be setbacks.

But investors do not need everyone to agree with them on day one. In my opinion, they need the businesses to keep improving while expectations remain low. If that happens, the market may eventually catch on.

The post 3 cheap ASX shares I'd buy before sentiment turns appeared first on The Motley Fool Australia.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) slipped 1.22% to close at 8,625.1 points on Friday.

ASX 200 tech shares are continuing to recover from a 48% sector meltdown between 29 August 2025 and 30 March 2026.

Fears over the impact of artificial intelligence (AI) drove the decline, but ASX investors appear to be over it.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) is now up 26% since 31 March vs. a 1.9% lift for the rest of the market.

Six of the 11 market sectors finished in the green last week.

Let's review.

ASX 200 tech shares outperform by a long shot

Let's take a look at how the major ASX 200 tech shares performed last week.

The market's largest tech company by market cap, Xero Ltd (ASX: XRO), rose 5.45% to $79.27 per share.

The WiseTech Global Ltd (ASX: WTC) share price zoomed 10.55% to close at $39.81 on Friday.

Investors in Megaport Ltd (ASX: MP1) shares had an exciting week that ended with a 19.07% share price rise to $18.48.

On Friday, Megaport shares were the best performers of the ASX 200, reaching a new 52-week high of $21.16.

This followed news of four new AI infrastructure contracts worth $458.9 million and a fully underwritten $827.3 million entitlement offer.

TechnologyOne Ltd (ASX: TNE) shares rose 8.34% to $32.33 apiece, while Nextdc Ltd (ASX: NXT) lifted 4.07% to $15.86.

The Life360 Inc (ASX: 360) share price soared 13.81% to $22.

Codan Ltd (ASX: CDA) shares rose 2.46% to finish at $43.70 apiece on Friday.

The Siteminder Ltd (ASX: SDR) share price lifted 10% to $3.85.

Objective Corporation Ltd (ASX: OCL) shares ascended 8.12% to $11.32.

The Catapult Sports Ltd (ASX: CAT) share price rose 8.31% to $3.65.

Dicker Data Ltd (ASX: DDR) shares lifted 7.72% to $11.16 apiece.

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 tech stocks led the market with big share price gains last week appeared first on The Motley Fool Australia.

Amid a highly volatile market, brokers downgraded several ASX 200 shares this week.

Let's take a look at their new ratings and 12-month share price targets for six ASX 200 stocks.

CSL Ltd (ASX: CSL)

The CSL share price is $96, up 3.7% today.

The market's biggest ASX 200 healthcare company has lost 44% of its valuation in the calendar year to date (YTD).

Jefferies downgraded CSL shares to a hold rating and slashed its price target from $195 to $108.

This still implies a potential 12% upside ahead.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $39.77, down 0.9% on Friday.

Over the past six months, this ASX 200 tech share has fallen 46%.

WiseTech Global is no longer the market's biggest tech company. It handed over the reins to Xero Ltd (ASX: XRO) last month.

JP Morgan downgraded WiseTech shares to a hold rating with a $40 target this week.

This suggests the stock is already fully valued.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.95, down 0.3% today.

The ASX 200 telco share has fallen 9% over the past month.

Macquarie downgraded Telstra shares to a hold rating this week.

The broker shaved its 12-month price target from $5.64 to $5.57.

This suggests just a 2% potential upside left in the year ahead.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is $12.90, down 3.2% today.

This ASX 200 gold mining share has fallen 11% YTD.

Goldman Sachs downgraded Capricorn Metals shares to a hold rating on Thursday.

The broker lowered its 12-month target from $17.60 to $16.90.

This still implies a healthy potential upside of 29% ahead.

Find out why the gold price has fallen since the Iran war began here.

IGO Ltd (ASX: IGO)

The IGO share price is $8.96, down 3.2% today.

This ASX 200 lithium share has risen 9% YTD.

JP Morgan downgraded IGO shares to a hold rating this week.

However, the broker lifted its 12-month price target from $8.50 to $9.50.

This indicates capital gains of 7% over the next year. 

Harvey Norman Holdings Ltd (ASX: HVN) 

The Harvey Norman share price is $4.43, up 0.8% on Friday.

This ASX 200 consumer discretionary share has taken a big tumble in 2026.

The furniture retailer has lost 37% of its valuation YTD.

Macquarie downgraded Harvey Norman shares to a hold rating this week.

The broker slashed its price target from $6.60 to $4.50.

This suggests potential capital growth of just 2% over the next year. 

The post 6 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.

That can be enough for many investors to move on and focus elsewhere. But share price weakness does not always mean a company's long-term opportunity has disappeared.

In some cases, a pullback can make quality growth businesses much more attractive, particularly when they still have strong market positions and clear paths to expand.

With June now here, these three ASX 200 shares could be worth another look.

Life360 Inc (ASX: 360)

The first ASX 200 share to look at is Life360.

It has built something many consumer technology companies spend years trying to create: a product that becomes part of everyday family routines.

Its app helps families stay connected through location sharing, driving safety features, crash detection, emergency support, and other tools designed around peace of mind.

That regular use is important. A consumer app is far more valuable when it solves a repeated problem rather than relying on occasional engagement.

Life360 also has several ways to expand its business from here. Subscriptions remain important, but advertising, connected devices, and new safety-focused services could all add to the revenue opportunity.

The key challenge will be maintaining user trust while improving monetisation. That is especially important for a platform built around families and location data.

Even so, its large user base, clear use case, and growing revenue options make Life360 one of the more interesting technology shares on the ASX.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share that could be worth watching is TechnologyOne.

It provides enterprise software to customers such as councils, universities, government agencies, and large organisations.

That may not sound overly exciting, but these customers run on complex processes. Finance, payroll, asset management, student administration, property, planning, and compliance systems all need to work reliably.

This gives TechnologyOne a strong position. Once its software is embedded across critical workflows, changing providers can be costly, disruptive, and risky.

The company is also pushing beyond traditional software delivery with its SaaS+ model and artificial intelligence (AI) products. This could help customers reduce implementation complexity and get more value from their data and processes.

Some software companies may be challenged by AI. TechnologyOne appears better placed to use it as a product and productivity enhancer, particularly because its systems sit inside important organisational workflows.

Its valuation can be demanding, but recurring revenue, defensive customers, and sector-specific software give the company a strong long-term profile.

WiseTech Global Ltd (ASX: WTC)

A third ASX 200 share to consider is WiseTech Global.

It builds software for the logistics industry, with its CargoWise platform used by freight forwarders, customs brokers, and supply chain operators around the world.

Global trade is full of friction. Goods move across countries, transport modes, regulations, documents, tariffs, warehouses, and ports. That creates a need for software that can bring order to a complicated system.

WiseTech's opportunity is to become more important as logistics customers try to automate work, reduce errors, and improve visibility across supply chains.

Its software can become deeply embedded because logistics operators do not want disruption inside mission-critical workflows. That can create sticky relationships and support long-term revenue growth.

The company has also used acquisitions (large and small) to broaden its product capability and extend its reach across the logistics ecosystem.

If global supply chains keep becoming more digital, WiseTech could remain one of the ASX's standout technology compounders.

The post 3 ASX 200 shares that could be too good to ignore in June appeared first on The Motley Fool Australia.

So far, the S&P/ASX 200 Information Technology Index (ASX: XIJ) has recovered by an impressive 26% in just over two months.

By comparison, the benchmark S&P/ASX 200 Index (ASX: XJO) has lifted 2.5% over the same time period.

Fears over how artificial intelligence (AI) may impact software-as-a-service (SaaS) businesses, in particular, contributed to the 48% rout.

However, James Gerrish from Shaw and Partners reckons software stocks have now bottomed, and there are good buys to be had.

In his regular Market Matters newsletter this week, Gerrish named three ASX 200 tech shares that his team is "long and bullish" on.

He says these stocks are well-placed for growth in 1H FY27, and all three are held in the team's Active Growth Portfolio.

Let's find out why.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $40.12, down 3% today and down 41% in the calendar year to date (YTD).

Since the ASX 200 tech sector turned a corner on 31 March, Wisetech shares have underperformed, lifting just 10%.

The Market Matters team sees 30% to 40% upside over the next 12 months for Wisetech shares.

Gerrish explained:

… we view WiseTech as more likely to be an AI beneficiary than a victim.

Its enormous logistics dataset, entrenched customer relationships and central position within global supply chains provide a strong foundation for embedding AI into the platform, potentially improving productivity, automation and customer outcomes while further strengthening its competitive moat.

The company has already said AI will allow it to reduce its workforce by around 30%, which, if executed well, would have a meaningful positive impact on margins and the bottom line.

With the stock now trading around 60% below its five-year valuation average — albeit from very elevated growth multiples — the risk/reward looks increasingly appealing in our opinion.

Xero Ltd (ASX: XRO)

The Xero share price is $80.96, down 3.5% today and down 28% YTD.

Since 31 March, Xero shares have recovered 15%. Like Wisetech, Xero is underperforming its ASX 200 tech sector peers for now.

Gerrish commented:

Despite the launch of its premium Ultra tier, the rollout of Xero's AI-powered assistant and continued momentum in the US, the market remained focused on disruption risk, particularly following Anthropic's unveiling of AI tools aimed at small businesses.

The bear case is that increasingly capable AI agents could automate many of the bookkeeping, reconciliation and administrative tasks that have traditionally underpinned accounting software.

The bull case is that Xero's competitive advantage extends far beyond the user interface, encompassing proprietary transaction data, deep banking integrations, regulatory compliance capabilities and thousands of bank feeds that would be difficult for any AI-native challenger to replicate at scale.

With Xero now trading ~65% below its 5-year valuation, albeit extremely high in the first place, we like the risk/reward ~$80.

We can initially see ~20% upside for XRO from the $80 area…

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is $32.35, down 2.2% on Thursday and up 16% YTD.

Since the ASX 200 tech sector pivoted on 31 March, TechnologyOne shares have lifted 22%.

Gerrish said:

We regard TNE as one of the best-positioned local software names to capitalise on AI.

Its strength lies in deep domain expertise across local government, higher education, healthcare and corporate services — specialised sectors where AI can enhance productivity, but where generic models often struggle with regulatory complexity, data security and operational nuance. Management has also been proactive in embedding AI across the product suite.

The core attraction remains TechnologyOne's business model. Its software supports mission-critical functions including finance, payroll, human resources, assets and student administration, creating high switching costs and strong revenue visibility.

… TNE's entrenched customer base, sector-specific expertise and recurring revenue model position it as one of the few ASX software companies whose competitive advantage may actually strengthen as AI adoption accelerates. The market clearly agrees for now.

We like the risk/reward around ~$32, initially seeing 20–25% upside from current levels.

The post 3 ASX 200 tech shares to buy now: expert appeared first on The Motley Fool Australia.

The ASX 200 spent the entire session in red territory, and ended up closing with a 0.057% loss. That drags the index down to 8,724.4 points.

This rather uninspiring Tuesday session for the local markets comes after a more positive start to the American trading week up on the US markets last night.

The Dow Jones Industrial Average Index (DJX: .DJI) had a wild ride, but managed to pull off a win, gaining 0.091%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was a little more decisive, rising 0.42%.

But let's return to the ASX boards now and take stock of what the different ASX sectors were up to amid today's challenging trading conditions.

Winners and losers

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

At the time of writing, the ASX 200 is down 0.49% to 8,686 points.

The index has moved between early weakness and selective buying, showing that the market is still struggling for direction.

The result is a choppy session where a few strong pockets are being offset by wider weakness across the market.

Let's take a closer look at what is moving the ASX 200 today.

Retail stocks feel the wage pressure

Retail stocks are under pressure today after the Fair Work Commission handed down its latest wage decision.

Minimum award wages will increase by 4.75% from 1 July, while the national minimum wage will rise to $26.44 an hour, or $1,004.90 a week.

The decision affects around 2.8 million workers, so it is good news for Australians dealing with higher living costs.

The share market, however, is focused on what the wage rise means for company costs.

Retailers are already dealing with cautious shoppers and rising costs, so today's wage decision adds another cost for investors to factor in.

Businesses with large store networks and distribution teams are the ones most exposed, because even small cost increases can become significant across the group.

That concern appears to be weighing on several consumer stocks today.

Woolworths Group Ltd (ASX: WOW) shares are down 1.6% to $34.50, while Coles Group Ltd (ASX: COL) shares have slipped 0.7% to $21.55.

Wesfarmers Ltd (ASX: WES) is also weaker, with its shares down 1% to $78.89. JB Hi-Fi Ltd (ASX: JBH) has fallen 4% to $72.09, while Harvey Norman Holdings Ltd (ASX: HVN) is also down 1% to $4.54.

Economic data adds another concern

There is also some caution around the broader economy after the latest trade numbers.

ABS data showed Australia recorded a seasonally adjusted goods trade deficit of $1.84 billion in March.

It was the first monthly goods trade deficit since December 2017.

Imports jumped 14.1%, helped by a surge in data processing equipment, while exports fell 2.7%.

The Australian reported that Australia's broader net trade position is expected to weigh on March quarter GDP, with imports of data centre equipment playing a major role.

At the same time, today's wage decision has kept inflation and interest rates in focus.

Reuters reported some economists expect the wage rise could add inflation pressure, giving the RBA another issue to weigh closely.

Tech keeps the market from looking worse

Tech shares are helping limit the damage today, even though the broader ASX 200 is still trading lower.

Xero Ltd (ASX: XRO) shares are up 6.25% to $86.01, while WiseTech Global Ltd (ASX: WTC) shares are 5.98% higher at $41.49.

Those gains are helping offset some of the weakness elsewhere across the market.

The buying follows another strong session for AI-linked stocks in the US, where Nvidia shares rose after unveiling its latest AI-focused products.

That has flowed through to parts of the local tech sector, even though the wider market is still struggling.

The S&P/ASX 200 Resources Index (ASX: XJR) is also lending some support, with the sector up 0.58%.

Northern Star Resources Ltd (ASX: NST) is one of the standout moves, with its shares up 13.37% to $20.99.

The gold miner is rallying after reports that Elliott Investment Management has built a stake and is pushing for change.

The post Why's the ASX 200 falling today despite another tech rally? appeared first on The Motley Fool Australia.

At the time of writing on Tuesday, the three companies are the worst-performing shares on the S&P/ASX 200 Index (ASX: XJO) for the past 12 months.

The question is, can they rebound this year? Or is there more downside ahead?

What to expect from WiseTech shares in 2026

WiseTech shares are bucking the trend today and have climbed around 4% higher to $40.71 at the time of writing. 

For context, the ASX 200 Index is down around 1%.

The latest uptick is good news for investors but it barely makes a dent in the volume of losses WiseTech shares have shed over the past 12 months.

After the tech stock suffered a steep and sustained share price crash, WiseTech shares are now down around 40% for the year to date and around 61% lower than 12 months ago. 

The shares were driven lower by the tech-sector wide sell-off and an investor rotation to more stable assets amid global volatility earlier this year. 

But I think the company shows huge potential for a rebound.

The company's CargoWise platform is deeply embedded in the global logistics industry. That means it's difficult to replace and gives WiseTech a strong competitive advantage in the market.

CEO Zubin Appoo also recently commented that AI is strengthening the company's advantage in the market, unlocking efficiency gains and adding value to customers.

I think a proven stronger FY26 result in August will create a turnaround in investor sentiment. If the company's financials meet expectations then I think we'll see investors quickly snap up the shares.

Market Index data shows brokers have a strong buy consensus on WiseTech shares. They tip a potential 87% upside over the next 12 months to an average $76.43 target price, at the time of writing.

What to expect from Cochlear shares in 2026

Cochlear shares have fallen further into the red on Tuesday, down around 3% to $98.08 at the time of writing. The decline means the shares are now trading 62% lower for the year-to-date and are 64% lower than 12 months ago.

Cochlear shares crashed in April after the ASX healthcare company downgraded its FY26 earnings guidance, citing weaker conditions across developed markets and softer demand. The update was one of the worst earnings downgrades in the company's listed history. 

The downgrade also came off the back of a softer-than-expected half-year result in February this year. 

Meanwhile, Cochlear has also endured a sector-wide rotation away from ASX healthcare shares this year, as global volatility, a weaker US dollar, higher US tariffs, and increased labour costs prompted investors to sell up their holdings. 

But after such a sharp sell off, I think the shares are now well below fair value. 

Despite the earnings downgrade, Cochlear remains a strong, globally dominant business and its long-term outlook is intact. 

While the company's short-term earnings have changed, forecasts suggest that there will see a recovery over the next one or two years. 

It's not clear whether we'll see any upside by the end of 2026, but brokers are confident the shares can rebound in the next 12 months.

They rate the shares as a buy and tip a 102% upside to $196.95.

What to expect from CSL shares in 2026

CSL shares are also trading in the red again on Tuesday, down around 2% to $92.50 at the time of writing. The stock is now down 46% for the year-to-date and around 63% lower than 12 months ago.

CSL shares suffered their biggest-ever one-day crash in early-May after the company lowered its FY26 outlook after interim CEO Gordon Naylor completed his 90-day review.

The company cited weakness in China albumin pricing, inventory normalisation in the US immunoglobulin market, and several operational factors weighing on profitability.

This downgrade reinforced investor concerns that earnings momentum is still under pressure. 

CSL shares have also been affected by the broad market rotation away from healthcare-related stocks this year. 

The good news is that CSL has said its growth initiatives are working. But the company also said that the financial benefits will take longer than previously expected.

I think there will be a rebound eventually, but not in 2026. In fact, I'm expecting more downside ahead before the shares start to rebound.

While the majority of brokers rate CSL shares as a hold, the stock could rise as much as 66% based on the average price target of $153.62.

The post WiseTech, Cochlear, CSL shares: Can these beaten down stocks rebound in 2026? appeared first on The Motley Fool Australia.

When professional investors bet against a stock, they not only demonstrate their conviction but also send a signal to the market.

This week, three well-known ASX shares are attracting significant short interest.

Should investors be worried?

WiseTech Global Ltd (ASX: WTC)

WiseTech is down 43% year to date and 63% over the past twelve months.

The short sellers who have been betting against WiseTech shares have been richly rewarded in 2026.

According to the latest ASIC short position data, 7.93% of WiseTech shares are currently held as short positions, placing it among the more heavily shorted stocks in the ASX technology sector.

The bear case rests on three pillars.

First, the company announced it would cut approximately 2,000 jobs as part of a two-year AI-linked restructuring program, nearly a third of its total workforce, attracting union intervention and a Fair Work Commission claim.

Second, the Q3 FY2026 update confirmed that one-off integration costs related to the E2open acquisition would reach US$45 million to US$50 million in FY2026, materially compressing profit margins.

Third, analysts have cut the consensus full-year FY2026 EPS forecast as earnings forecasts have been revised downward following the integration cost blowout.

However, there is also a credible counter-argument in favour of WiseTech.

WiseTech's CargoWise platform is used by all of the world's top 25 global freight forwarders. The platform has high switching costs, giving strong future revenue visibility.

Bell Potter sees strong upside from current levels, and the business model continues to generate strong recurring revenue despite the near-term headwinds.

The bears may be right in the short term, but the long-term case is considerably harder to dismiss.

Cochlear Ltd (ASX: COH)

Cochlear shares are down 61% year to date, making the company one of the worst-performing large-cap ASX stocks in 2026.

The short sellers targeting Cochlear are betting that the April earnings downgrade marks the beginning of a more sustained deterioration. Today, 4.7% of outstanding shares are reported as being held short.  

Their case rests on two concerns.

First, the 30% guidance cut was driven partly by hospital capacity constraints and declining hearing aid referrals in developed markets, trends that could persist for several quarters.

Second, Morgans retained a hold rating and cut its price target to $107.17, while Macquarie slashed its target from $239 to $115, signalling genuine broker uncertainty about the recovery timeline.

Nevertheless, the bull case must also be considered.

Cochlear holds approximately 50% global market share in a market with just 3% penetration of an addressable patient population exceeding six million people in developed markets alone.

Jarden sees significant upside from current levels, and CEO Dig Howitt has been clear that surgeries are being delayed, not cancelled. He points specifically to short-term disruptors such as the conflict in the Middle East as an explanation for this trend.

Lendlease Group (ASX: LLC)

Lendlease shares crashed 6% yesterday after the company announced the sale of its Milano Santa Giulia development rights for $250 million. This translated into the booking of a $175 million post-tax operating loss.

The stock is down 55% over the past twelve months.

The short sellers (6.37% of total shares) have the most straightforward case of the three.

Lendlease is selling assets at material discounts to book value, recognising significant losses in the process. This raises questions about whether the remaining portfolio is also overvalued on the balance sheet.

Furthermore, each divestment removes future earnings potential, making it harder to see how the business rebuilds to a meaningfully larger earnings base in the medium term.

However, Lendlease management pointed to more than three billion dollars in liquidity and a Moody's investment grade credit rating, arguing the balance sheet can absorb the losses while the simplification strategy plays out.

Foolish takeaway

Short sellers are sometimes right, but they are rarely right forever.

WiseTech, Cochlear, and Lendlease each face real near-term challenges that justify some level of caution.

However, all three also carry longer-term qualities that suggest the current pessimism may be creating opportunities for patient investors willing to accept short-term volatility.

The post Short sellers are targeting these 3 ASX shares this week. Are they right? appeared first on The Motley Fool Australia.

The global oil shock continued, with the Strait of Hormuz remaining effectively closed with scores of oil tankers stranded.

The Reserve Bank of Australia raised interest rates for a third time in 2026 last month due to resurgent inflation.

Softer-than-expected inflation data and 18,600 job losses in April suggest the RBA is unlikely to raise rates again this month.

The market expects the RBA to keep interest rates on hold at 4.35% on 16 June.

Changes to capital gains tax (CGT) proposed in the Federal Budget shocked some investors last month.

The 50% CGT discount for assets held for more than a year will be replaced by cost-base indexation and a minimum 30% CGT rate from 1 July 2027.

Existing investments in ASX shares and property will be grandfathered.

That means the 50% CGT discount will continue to apply to gains accrued before 1 July 2027 on those assets.

After 1 July 2027, cost base indexation will apply for future gains on those existing investments.

There is one exception under the changes. Investors who buy new properties will be able to choose between the two CGT methods.

Private wealth and investment advisory firm, Medallion Financial Group, says the changes may encourage more focus on yield.

For example, investors may prefer to accumulate more franked ASX dividend shares over growth investments.

Drew Meredith, a principal adviser at Wattle Partners, provides 5 tips for investors considering topping up their dividend stocks.

Most bought ASX shares in May

The following ASX shares and ETFs were the most bought by investors using the Bell Direct trading platform last month.

The rankings are based on order of net value of buy orders, minus sell orders, placed by Bell Direct clients.

Given the number of experts discussing the enhanced appeal of dividends under the CGT changes, it's interesting to see the market's largest ASX dividend ETF at the top of the buy list.

Source: Bell Direct

Most sold ASX shares last month

Source: Bell Direct

The post Top 10 ASX shares bought and sold by investors in May appeared first on The Motley Fool Australia.

After starting the week's trading at an opening loss this morning, the ASX 200 spent most of the day bouncing around, but ended up closing down 0.026%. That leaves the index at 8,729.4 points.

This cold-shower start to the trading week for Australian investors follows a rosier finish to the American week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in decent form, rising a confident 0.72%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't quite as enthusiastic, but still managed a 0.2% gain.

But let's get back to this week and the local markets now, and check out how the various ASX sectors traversed today's tough trading conditions.

Winners and losers

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

I think this could make it a good time to look at some of the sector's best names.

Concerns about artificial intelligence (AI) disruption and the so-called SaaSpocalypse have weighed on sentiment recently. But I think the strongest ASX tech companies can use AI to improve their products, rather than be replaced by it.

With several quality ASX tech shares still down heavily from their highs, I think these three could be worth buying now.

WiseTech Global Ltd (ASX: WTC)

WiseTech Global has been one of the most heavily sold-off ASX tech shares, but I think the long-term business remains highly attractive.

The company's CargoWise platform is used by logistics providers and freight forwarders to manage global trade. That is a complicated area involving shipments, customs, compliance, documentation, warehousing, and transport networks.

This is the sort of market where software can be extremely valuable.

I do not see AI as a simple threat here. In fact, I think it could make WiseTech's platform more useful over time. Logistics still involves a lot of manual work, repetitive data entry, document checks, and exception handling.

If AI can help reduce those pain points, customers may become even more reliant on powerful workflow software.

Xero Ltd (ASX: XRO)

Xero is another ASX tech share I would buy into the rebound.

The company has a strong position in small business accounting software, but I think the bigger opportunity is to become more central to how small businesses manage their finances.

That means more than bookkeeping. It can include invoicing, payroll, payments, tax, reporting, cash flow tools, and better financial insights.

Small business owners do not want more admin. They want software that helps them save time, understand their numbers, and make better decisions.

This is why I think AI could become an opportunity for Xero rather than just a risk. If the company can use AI to automate basic tasks, surface useful insights, and make the platform easier to use, it could strengthen the customer proposition.

The US opportunity also remains important. It will not be easy, but Xero does not need to win the whole market to create meaningful long-term value.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne is arguably the steadier name in this group.

It provides enterprise software to governments, councils, universities, and large organisations. These customers need reliable systems for finance, payroll, assets, student administration, and other important functions.

I like that because the software is not a nice-to-have extra. It supports core operations.

TechnologyOne has built a strong record of execution, recurring revenue, and customer retention. It also has a long-term growth opportunity in the UK, where it is trying to repeat some of the success it has achieved in Australia.

The valuation can be demanding at times, so investors need to be comfortable paying for quality. But I think this is one of the ASX tech shares best placed to keep compounding over time.

Foolish takeaway

I do not think the AI debate is going away. Investors will keep questioning which software companies are threatened and which ones can become stronger.

That is why I prefer ASX tech shares with important customer workflows, proven products, and room to keep improving their platforms.

This rebound may not move in a straight line. But after the heavy selling across parts of the sector, I think these three ASX tech stocks are worth buying before confidence returns more fully.

The post 3 ASX tech shares I'd buy as they rebound from the AI selloff appeared first on The Motley Fool Australia.

WiseTech shares are down approximately 47% year to date and have crashed 66% over the past twelve months.

At $36 today, the stock trades near levels last seen in early 2022.

May was another poor month for WiseTech shares, with the stock down approximately 16%.

So what happened?

What drove the May selling in WiseTech shares

The selling in WiseTech shares in May reflected a toxic combination of two forces.

First, the most dramatic company-specific event was WiseTech's announcement that it would cut approximately 2,000 jobs, as part of a two-year AI-linked restructuring program.

This is nearly a third of its total workforce.

The cuts triggered an urgent request for a meeting from an Australian trade union.

Furthermore, the company simultaneously faces a Fair Work Commission claim from an executive over her dismissal.

The handling of the layoffs attracted significant negative media coverage and raised questions about WiseTech's workplace culture.

Second, WiseTech's Q3 FY2026 quarterly update, published on 4 May 2026, added to investor unease rather than providing reassurance.

While the company reaffirmed its full-year FY2026 revenue guidance of US$1.39 billion to US$1.44 billion, it also confirmed that one-off integration costs related to the E2open acquisition would reach US$45 million to US$50 million in FY2026, materially compressing profit margins.

Furthermore, analysts have cut the consensus full-year FY2026 EPS forecast to approximately A$0.72 per share.

This is down from higher estimates earlier in the year, as the E2open integration costs and restructuring charges weigh on the bottom line.

With full-year results not due until August 2026, investors have had no earnings catalyst to offset the negative newsflow from the restructuring and integration cost overruns.

But the business keeps delivering

Look past the sentiment and WiseTech's operational performance remains solid.

CargoWise is used by all of the world's top 25 global freight forwarders.

And switching costs for WiseTech's customers are enormous.

That gives WiseTech a revenue base that is considerably more resilient than the share price performance implies.

Moreover, the company has accelerated its AI integration roadmap.

The company is embedding AI tools directly into CargoWise to automate workflows, improve compliance, and reduce costs for customers.

What does the broker community think?

The broker picture on WiseTech shares is divided but broadly constructive.

UBS maintains a buy rating on WiseTech shares, stating the medium-term growth outlook remains intact and seeing the stock as attractively valued on a forward sales multiple basis.

The broker forecasts a compound annual growth rate of 27% in sales and 33% in EBITDA through FY2028.

Meanwhile, Bell Potter recently named WiseTech shares as a stock that could rise 150% from current levels.

The broker cited the deep competitive moat and the platform's irreplaceable role in global freight forwarding.

Foolish takeaway

WiseTech shares have been through the wringer in May.

The near-term volatility is unlikely to disappear while governance uncertainty and sector rotation pressures persist.

However, the underlying business continues to grow at impressive rates, the CargoWise moat is intact, and at least two major brokers see substantial upside from current WiseTech shares levels.

For patient investors who can tolerate volatility, May may prove to be an interesting month to have paid attention.

The post What happened to WiseTech shares in May? appeared first on The Motley Fool Australia.

I do not think there is one perfect answer for every investor. The best choice depends on what someone wants from their portfolio.

Some investors may want income. Others may want long-term growth. Some may prefer the simplicity of an exchange-traded fund (ETF) instead of choosing an individual company.

With that in mind, here are three ASX options I would consider today.

Transurban Group (ASX: TCL)

If I were investing for passive income, Transurban would be one ASX share I would look at closely.

The company owns and operates toll road assets in major cities across Australia and North America. These are long-life infrastructure assets that can generate cash flows over many years.

I like Transurban because its roads are hard to replicate. Building major urban toll roads is expensive, politically difficult, and usually takes many years. That gives the company a strong position in the markets where it operates.

It also has some inflation-linked qualities through its tolling arrangements. That can be useful for investors looking for income that has the potential to grow over time.

WiseTech Global Ltd (ASX: WTC)

If I were investing for growth, I would consider WiseTech.

The logistics software company has had a painful share price fall from its highs, but I still think the long-term business is very attractive.

WiseTech's CargoWise platform is used by freight forwarders and logistics providers to manage complex global trade workflows. This is not a simple app that customers can casually replace. It sits inside important daily processes involving customs, documentation, compliance, shipments, and supply chains.

That is one reason I like the business. Global trade is complicated, and I do not think that complexity is going away. If anything, global trade could get more complex in the future.

I also think artificial intelligence (AI) could become useful for WiseTech. Logistics still involves a lot of repetitive data entry, document handling, and exception management. If AI helps customers save time and reduce errors, WiseTech's platform could become even more important.

VanEck Morningstar Wide Moat AUD ETF (ASX: MOAT)

If I wanted an ETF, I would consider the VanEck Morningstar Wide Moat AUD ETF.

The MOAT ETF gives investors exposure to US companies that have sustainable competitive advantages and are trading at attractive valuations.

I like that combination. It is not just buying the biggest companies. It is trying to own businesses with durable advantages, such as strong brands, cost advantages, network effects, or high switching costs.

That can be a useful way to invest for the long term without needing to pick individual US shares and mirrors the style of investing used by Warren Buffett.

Foolish takeaway

A $1,000 lump sum can be used in different ways depending on the job an investor wants it to do.

That is the key point for me. I would start by asking whether I want income, growth, or a diversified ETF.

Once that is clear, the choice becomes much easier. For my money, these three options each offer a sensible way to put fresh capital to work today.

The post ASX shares to buy now: How I'd invest a $1,000 lump sum appeared first on The Motley Fool Australia.

Diversification is important, but there is also a point where a portfolio can become so crowded that the best ideas barely move the needle.

If I were aiming for $1 million in retirement using ASX 200 shares, I would keep the plan simple. I would try to own around 10 high-quality businesses, invest regularly, reinvest dividends, and give compounding as much time as possible.

Where to start

Let's say an investor starts with $10,000 and adds $500 a month.

If that portfolio returned an average of 9% per annum, it could grow to more than $1 million in around 30 years.

That return is not guaranteed. Share markets do not move in a straight line, and some years can be painful. But I think the example shows why time, consistency, and reinvestment are so powerful.

The investor does not need to find the next tiny stock that rises 20-fold. They need a sensible plan and the discipline to keep going through different market conditions.

Why just 10 ASX 200 shares?

I would not want my retirement plan to depend on one or two companies. That is too much single-stock risk.

But I also do not think I need to own every company on the ASX.

Owning 10 carefully selected ASX 200 shares could give exposure to different sectors, earnings drivers, and growth opportunities without making the portfolio too diluted.

For example, a portfolio could include Commonwealth Bank of Australia (ASX: CBA) for banking quality and fully franked dividends, Macquarie Group Ltd (ASX: MQG) for global financial exposure, BHP Group Ltd (ASX: BHP) for resources and copper, and Wesfarmers Ltd (ASX: WES) for retail and industrial strength.

I would also want healthcare exposure through ResMed Inc (ASX: RMD) and CSL Ltd (ASX: CSL), digital infrastructure through Goodman Group (ASX: GMG), property platform exposure through REA Group Ltd (ASX: REA), enterprise software through TechnologyOne Ltd (ASX: TNE), and global technology through WiseTech Global Ltd (ASX: WTC).

That is not a perfect list for every investor. But it shows the sort of balance I would want.

What I'd look for

The share price is only one part of the decision.

If I were building a retirement portfolio, I would care more about the quality of the business than whether the stock looks cheap on the day I buy it.

I would want companies with strong competitive positions, capable management, durable demand, and the ability to keep reinvesting for growth.

Dividends would also matter. Over decades, reinvested dividends can make a huge difference. Fully franked income from some ASX 200 shares can also be useful, depending on an investor's tax situation.

But I would not build the whole portfolio around yield. A retirement portfolio still needs growth.

Staying the course

The hardest part of this plan would not be choosing the 10 shares. It would be holding them through market falls.

Over 30 years, there will almost certainly be recessions, interest rate scares, earnings disappointments, commodity sell-offs, and company-specific problems.

That is normal. I would review the portfolio regularly, but I would not want to trade it constantly. The aim would be to own strong businesses for long enough that their earnings, dividends, and reinvestment have time to compound.

Foolish takeaway

A $1 million retirement portfolio can sound like a distant target, but it becomes more realistic when the plan is broken down.

I would start with quality, keep the portfolio focused, add money consistently, and let time do its work.

Ten ASX 200 shares will not remove every risk. But if they are chosen carefully and held patiently, I think they could form the backbone of a portfolio capable of building serious retirement wealth.

The post I'd aim for $1 million in retirement buying just 10 ASX 200 shares appeared first on The Motley Fool Australia.

At the time of writing, the shares are down around 2% to $36.35 each.

Today's slide means the beaten-down tech stock is now down close to 47% for the year to date and has crashed just over 66% inside 12 months.

For context, the S&P/ASX 200 Index (ASX: XJO) is down around 1% this morning but is just over 3% higher than a year ago.

What on earth happened to WiseTech shares?

It's been a bloodbath for WiseTech shares over the past year, with the tech company hit by multiple and consecutive headwinds which sent its share price tumbling. 

WiseTech was caught up in a tech-sector wide sell-off in late-2025 and early-2026 after investors became concerned about the implications of AI on traditional software models. 

Shortly later, concerns about conflict in the Middle East spooked investors further. Global sharemarket uncertainty saw investors turn their back on high-growth technology stocks like WiseTech and rotate towards more stable assets instead.

Can the tech stock turn its share price around?

WiseTech certainly has a lot of potential.

The company's CargoWise platform is deeply embedded in the global logistics industry. That means it's difficult to replace and gives WiseTech a strong competitive advantage in the market.

Investors are also optimistic about the company's potential to expand further into the global trade market.

And this market dominance was represented in its latest results.

The company's most recent market update was back in February when it reported its half-year FY26 results and reaffirmed its FY26 guidance.

Highlights from the first half included a 76% year-on-year revenue boost and a 31% increase in reported EBITDA.

On the bottom line, WiseTech reported a 2% increase in underlying NPAT.

The company also recently reaffirmed full-year revenue guidance of between US$1.39 billion and US$1.44 billion. That would represent growth of 79% to 85% for the year. Meanwhile, management forecasts full-year EBITDA in the range of US$550 to US$585 million, up 44% to 53% from FY25.

CEO Zubin Appoo also commented that AI is strengthening the company's advantage in the market, unlocking efficiency gains and adding value to customers.

The potential for AI to automate manual logistics processes and reduce errors could make WiseTech's CargoWise platform even more valuable over time.

Where do brokers expect WiseTech shares to go next?

Market Index data shows brokers have a strong buy consensus on WiseTech shares. They tip a potential 123% upside over the next 12 months to an average $81.64 target price, at the time of writing.

The team at Dolphin Partners Financial Services recently named the ASX tech stock as a buy. The broker said it thinks the shares are trading at a deep discount to broker valuations following significant share price weakness.

Bell Potter also has a buy rating on the shares and said it is eagerly awaiting the FY26 results in August. The broker added that, depending on the FY26 results, WiseTech's FY27 forecast could even prove to be conservative and has the potential to drive renewed confidence and push up its share price. 

The post WiseTech shares crash 66% in 12 months. What's next? appeared first on The Motley Fool Australia.

The key is finding ASX 200 shares with strong business models and positive long-term growth outlooks.

To narrow things down, listed below are two ASX 200 shares that could provide investors with all the above.

Here's what you need to know about them:

Breville Group Ltd (ASX: BRG)

Breville is one ASX 200 share that has quietly built a very impressive global business.

The company is best known for premium kitchen appliances, but the real attraction is the strength of its brand. Breville has shown it can take everyday categories such as coffee machines, ovens, and food preparation, then lift the customer experience through design, performance, and clever product development.

That is a great quality to have because premium consumer brands can be powerful when managed well. Customers are often willing to pay more for products they trust, particularly when the brand has a reputation for quality.

Breville also still has plenty of room to grow internationally. Its opportunity is not just selling more products in Australia. It is about expanding across larger offshore markets, broadening its product range, and deepening its presence with consumers who are willing to spend on better home experiences.

All in all, the company's global brand, product discipline, and long-term market opportunity could make it one of the strongest consumer growth shares on the ASX.

WiseTech Global Ltd (ASX: WTC)

WiseTech Global is arguably one of the ASX 200's standout technology shares.

The company provides the CargoWise logistics software used by freight forwarders, customs brokers, and supply chain operators around the world.

Global logistics is difficult, fragmented, and full of manual processes. Software that can make those workflows faster, more accurate, and more connected can become very valuable. This has underpinned significant annualised recurring revenue (ARR) growth over the past decade.

WiseTech also benefits from customer stickiness. Once a logistics business has built its operations around CargoWise, switching to another platform can be disruptive and risky.

The company's valuation often reflects high expectations, so investors should expect share price volatility. But WiseTech has a large global market, a specialist software platform, and a long runway to keep expanding its role in global logistics.

And with its shares down heavily over the past 12 months, now could be an opportune time for investors to snap them up with a long-term mindset.

The post 2 of the best ASX 200 shares to buy with $10,000 appeared first on The Motley Fool Australia.

Xero shares are down around 60% from their high, while WiseTech Global Ltd shares are down almost 70% from their high.

Falls that large can make investors nervous, but they can also create opportunity when the underlying businesses remain strong.

I rate both of these ASX tech shares highly. In fact, I would be happy to own both in a long-term portfolio. But if I had to choose only one today, this becomes a much harder decision.

Why I like Xero shares

Xero is one of the best software businesses on the ASX in my view.

The company started with accounting software, but I think the bigger opportunity is becoming a broader financial operating system for small businesses.

Small business owners need help with invoicing, payroll, payments, tax, reporting, cash flow, and financial decision-making. Xero sits close to those daily workflows, which can make the platform very sticky once customers rely on it.

The US opportunity is a key reason I rate Xero highly. It will not be easy, given the competitive landscape, but even modest success in that market could add meaningfully to the company's long-term growth runway.

The risk is valuation and execution. Xero still needs to keep growing, improving margins, and proving it can win outside its strongest markets.

But I think the share price fall has made a high-quality software business look very attractive.

Why I like WiseTech shares

WiseTech is also a world-class ASX technology share.

Its CargoWise platform is used in complex global logistics and freight forwarding workflows. This is not light, optional software. Global trade involves documentation, customs, compliance, routing, pricing, transport, and endless exceptions.

That complexity is why I like the business. When software becomes deeply embedded in a customer's operations, it can be difficult to replace. WiseTech has built a strong position in a specialised industry where domain knowledge is very important.

I also think AI could be genuinely useful for WiseTech. Logistics still involves a lot of manual data entry, document checking, compliance work, and exception handling. If AI agents can reduce some of that workload, WiseTech's platform could become even more valuable to customers.

The acquisition of e2open also gives WiseTech a broader opportunity across trade, supply, demand, and connected supply chain networks. That adds complexity, but it also expands the possible prize.

Which would I buy?

This is close, because I think both businesses have strong long-term potential.

But if I had to buy only one today, I would choose WiseTech.

The main reason is the combination of share price weakness and embedded industry position. A fall of almost 70% from its high is not something to ignore, and there are clearly risks around execution, integration, valuation, and investor confidence.

But I think WiseTech's role in global trade software is extremely hard to replicate. The business operates in a complex market, serves mission-critical workflows, and has a practical AI opportunity that could help customers save time and reduce errors.

Xero remains a share I would happily buy as well. Its small business platform opportunity is excellent. But at today's prices, WiseTech edges ahead for me because the risk/reward looks slightly more compelling.

Foolish takeaway

This is not a case of one good ASX tech share and one bad one.

I think Xero and WiseTech are both high-quality businesses with long growth runways. Both could be much larger in a decade if management executes well.

But if I had to make the difficult choice today, I would buy WiseTech first. The sell-off has been severe, the business remains deeply embedded in global logistics, and the AI opportunity looks directly tied to real customer pain points. 

For patient investors, I think that makes it the more compelling buy right now.

The post Xero shares vs WiseTech shares: Which ASX tech share would I buy today? appeared first on The Motley Fool Australia.

That does not mean every fallen share is a bargain. But I think the three shares in this article have been sold down heavily while still retaining strong long-term growth potential.

For patient investors, I think they are worth buying right now.

DroneShield Ltd (ASX: DRO)

DroneShield has been one of the more volatile ASX growth shares. Although its shares are up 150% over the past 12 months, they remain down by over 50% from their 52-week high.

That volatility is not surprising. The company operates in a fast-growing defence technology market, with expectations high and recent headlines adding uncertainty.

But I do not think it changes the long-term need for counter-drone technology.

Drones are now part of modern conflict, border security, critical infrastructure protection, airport planning, and public safety. They are cheap, flexible, and increasingly capable. That creates a growing need for systems that can detect, track, and respond to drone threats.

DroneShield is trying to solve that problem.

The road may stay bumpy, but I think the long-term defence theme is too powerful to ignore.

CSL Ltd (ASX: CSL)

CSL is a very different case. The healthcare giant has lost a lot of investor trust after a difficult period. Guidance downgrades, execution concerns, and weaker sentiment have pushed the shares far below where they once traded.

I think the sell-off has created a recovery opportunity.

CSL still owns valuable global healthcare businesses across plasma therapies, vaccines, and specialist medicines, which are linked to long-term medical demand.

The company clearly has work to do. It needs to restore confidence, improve consistency, and prove that its earnings can recover.

But the market now appears to be treating CSL as if its problems are permanent. I do not think they are.

The dividend yield has also become more appealing after the share price fall. That gives investors some income while they wait for the recovery to unfold.

WiseTech Global Ltd (ASX: WTC)

WiseTech is another fallen ASX share I would be happy to buy.

The company builds software for global trade and logistics, which is one of the most complex parts of the world economy.

Moving goods across borders involves customs, compliance, documents, tariffs, warehouses, carriers, and regulation. WiseTech's software sits inside those workflows.

That creates a strong position if customers continue relying on the platform to manage more of their operations.

I also think artificial intelligence could make WiseTech more useful over time rather than disrupt it. Logistics involves repetitive documents, exception handling, classification, and workflow decisions. Smarter software could reduce manual work and increase customer value.

The stock has risks around valuation, acquisitions, and execution. But after such a large fall, I think the buying case looks far more interesting.

Foolish Takeaway

These shares are not without risk. DroneShield faces governance, disclosure, and regulatory uncertainty; CSL has damaged confidence; and WiseTech has questions to answer around execution and valuation.

But for investors willing to think in years rather than months, I think these three beaten-down ASX shares could be worth buying while sentiment remains weak.

The post Why I'd buy DroneShield, CSL, and WiseTech shares right now appeared first on The Motley Fool Australia.

I think that is a useful mindset for ASX investors right now. There are plenty of risks in the market, from higher interest rates and weaker consumer spending to geopolitical uncertainty and questions around company earnings.

But there are also a number of high-quality ASX shares trading well below where they were not long ago.

That is why I think this could be a good time to be greedy, selectively.

Quality healthcare at lower prices

One area I would be looking at closely is healthcare.

CSL Ltd (ASX: CSL) has had a brutal year, and investor confidence has been badly damaged. The company has disappointed the market, and it needs to prove that earnings growth can become more reliable again.

But I still think CSL owns valuable healthcare assets across plasma therapies, vaccines, and specialist medicines. These are global businesses linked to real medical demand, not short-term consumer trends.

At today's much lower share price, I think investors may be getting a rare chance to buy CSL while expectations are very low.

I also think ResMed Inc. (ASX: RMD) looks interesting after its own selloff.

ResMed is a global leader in sleep apnoea treatment, with devices, masks, accessories, and software that support patients and healthcare providers. I like its high-margin, recurring revenue characteristics. Once a patient is in therapy, there can be ongoing demand for masks, cushions, and other supplies.

There are concerns around possible drug competition in sleep apnoea, but I think the market may be underestimating the durability of ResMed's position.

Fallen growth shares

I would also be looking at selected ASX growth shares.

WiseTech Global Ltd (ASX: WTC) has fallen heavily from its highs, but I still think the long-term opportunity is compelling.

Global trade is complicated. Freight forwarders and logistics companies deal with customs, compliance, documentation, routing, warehousing, and cross-border regulation. WiseTech's software sits inside those workflows.

That is exactly the kind of position I like in a technology business. If the software becomes deeply embedded, it can be difficult for customers to replace.

The stock still carries risks around valuation, acquisitions, execution, and investor sentiment. But after such a large fall, I think the market may be offering long-term investors a better entry point.

Consumer shares with recovery potential

Some consumer-facing ASX shares also look interesting after major declines.

Harvey Norman Holdings Ltd (ASX: HVN) is exposed to a difficult retail environment, with households under pressure and big-ticket spending under strain. But I think the business still has valuable retail brands, property assets, and a history of rewarding shareholders with dividends.

Accent Group Ltd (ASX: AX1) is another beaten-up name that could appeal to patient investors. Footwear and apparel spending can be cyclical, but Accent owns a broad portfolio of banners and brands across sport, lifestyle, and youth fashion.

If consumer confidence improves over time, I think the recovery potential could be meaningful.

Finally, Amcor plc (ASX: AMC) could offer a different kind of cheap ASX share. Packaging may not be exciting, but it is used across food, beverages, healthcare, and consumer goods. I like the defensive nature of that demand, especially when the share price is out of favour.

Foolish takeaway

Being greedy does not mean buying every ASX share that has fallen. Some selloffs are deserved, and some businesses will not recover the way investors hope.

But I think Buffett's broader lesson still applies. Fear can create better prices for investors who are willing to think beyond the next few months.

CSL, ResMed, WiseTech, Harvey Norman, Accent, and Amcor are all facing different challenges. That is why they are cheaper today.

For me, the opportunity is in separating temporary disappointment from permanent damage. When good businesses are priced as though the future is much darker than it may prove to be, I think patient investors should be ready to act.

The post I'd listen to Warren Buffett and load up on cheap ASX shares appeared first on The Motley Fool Australia.