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Best ASX 200 Shares to Watch This Month

Published 02/08/2024, 10:28 pm
© Reuters.  Best ASX 200 Shares to Watch This Month
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For investors with $5,000 to allocate in ASX 200 shares, two particular stocks are currently drawing significant attention due to their promising outlooks. Analysts have identified these ASX consumer stocks as top picks, highlighting their potential for substantial returns over the coming year. Here’s an in-depth look at these standout investment opportunities:

Light & Wonder Inc. (ASX: LNW) Light & Wonder Inc., a leading global games company specializing in gambling products and services, is emerging as a notable investment this month. The company, known for its diverse and innovative gaming solutions, is expected to experience strong earnings growth driven by its expanding market share in both the Australian and North American markets. Analysts are optimistic about Light & Wonder’s ability to capture a larger share of the gaming sector, forecasting a robust 12% growth in earnings over the next two years. This projected growth is anticipated to help the company meet its FY25 AEBITDA target of US$1.4 billion. The positive outlook is supported by the successful performance of its SciPlay division, which has been outperforming expectations in the social casino segment, despite broader industry challenges. The current projections for Light & Wonder’s shares suggest a potential upside of approximately 14%, making it an attractive option for investors seeking growth opportunities.

Treasury Wine Estates Ltd (ASX: TWE) Treasury Wine Estates Ltd, a major player in the global wine industry, is also highlighted as a significant investment opportunity this month. The company’s recent strategic move to acquire DAOU Vineyards, a luxury wine business, is seen as a key factor in its growth strategy. This acquisition, valued at US$900 million (approximately A$1.4 billion), is designed to enhance Treasury’s premium wine portfolio and strengthen its position in the U.S. market. The acquisition is expected to improve the company's margin targets and align with its premiumization strategy. While the size of the transaction introduces some risks, the potential for substantial returns is noteworthy. The market response to this acquisition has been positive, and if Treasury Wine Estates successfully integrates DAOU Vineyards and meets its investment goals, there is significant upside potential. Analysts have set a price target for Treasury Wine Estates shares that suggests a possible increase of around 22% from current levels, making it a compelling option for investors looking for growth in the wine sector.

These two stocks—Light & Wonder Inc. and Treasury Wine Estates Ltd—offer promising opportunities for investors looking to capitalize on growth in the ASX 200 index. Both companies have demonstrated strong potential for returns, driven by strategic initiatives and favorable market conditions. Investors seeking to diversify their portfolios with growth-oriented stocks may find these options particularly appealing.

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