2 excellent ASX dividend shares to buy
James Mickleboro | May 12, 2021 6:57am |
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Are you looking for some excellent ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the ones listed below. Here’s what you need to know about these dividend shares:
If you don’t have exposure to the banks, then you might want to take a look at NAB. Even though its shares have been on fire this year, one leading broker doesn’t believe it is too late to invest.
According to a note out of Goldman Sachs, its analysts have a conviction buy rating and $29.97 price target on the bank’s shares. NAB remains the broker’s preferred sector exposure due to its cost management initiatives, its position as the largest business bank, and its strong capital position.
ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
Sebastian Bowen | May 10, 2021 8:23am |
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The
S&P/ASX 200 Index (ASX: XJO) has just enjoyed a week in the green, which has pushed the flagship index towards its pre-COVID all-time high. Although the ASX 200’s gain of 0.8% for the week wasn’t particularly impressive on its own, it did end up pushing the index to 7,080.8 points by the end of the week, less than 1% off its all-time high of 7,160 points.
Investors can largely thank the ASX bank shares for this rise. Three of the big four banks reported half-yearly earnings this week.
Is the NAB (ASX:NAB) share price great value?
James Mickleboro | May 10, 2021 3:52pm |
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In afternoon trade, the banking giant’s shares are up 1% to $27.06.
This latest gain means the NAB share price is now up 18% since the start of the year.
Can the NAB share price go even higher?
One leading broker that believes the NAB share price can still go higher from here is Morgans.
According to a recent note, the broker has retained its add rating and $29.00 price target on the bank’s shares.
Based on the current NAB share price, this implies potential upside of 7.2% excluding dividends.
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The Australian Dollar is trading nearly flat early Sunday after giving up earlier gains. Underpinning the currency is a jump in Business Confidence. Helping to cap gains is a retail sales report that came in lower than the previous month and the forecast. The weaker-than-expected U.S. Non-Farm Payrolls report that contributed to Friday’s sharp rise in the Aussie appears to be having little effect on prices.
At 03:54 GMT, the AUD/USD is trading .7844, unchanged.
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Australiaâs Stock Benchmark Surges to a Record High
May 11 2021, 2:26 AM
May 10 2021, 12:14 PM
May 11 2021, 2:26 AM
(Bloomberg) Australiaâs stock market is on a tear, with surging commodity prices and a v-shaped economic rebound from the pandemic pushing the nationâs benchmark index to a record high.
(Bloomberg) Australiaâs stock market is on a tear, with surging commodity prices and a v-shaped economic rebound from the pandemic pushing the nationâs benchmark index to a record high.
Mining giants BHP Group and Rio Tinto Ltd. traded at all-time highs on Monday as global demand fuels surging metals prices while the countryâs biggest banks advanced amid rising earnings. With Australia largely containing the coronavirus and policy makers vowing to maintain monetary and fiscal stimulus, sentiment is buoyant among business and investors.