'Strong demand': The 2 ASX 200 shares to pounce on right now

After a strong start to 2023, the S&P/ASX 200 Index (ASX: XJO) has now fallen almost 4% since 8 February. That means there could be some bargains to be bought during this particular dip. Here are two buy suggestions from the experts this week:

‘One of the most innovative companies’

It has not been a pleasant ride for those who hold shares in US payments giant and Afterpay owner Block Inc CDI (ASX: SQ2).

The share price has plummeted a shocking 43.5% over the past 12 months, as the market has abandoned fintech stocks like it was a burning building. However, Sequoia Wealth senior wealth manager Peter Day rates it as a buy at its current price. “The share price of this buy now, pay later provider can be rapidly volatile in either direction,” Day told The Bull.

“We view Block Inc as one of the most innovative companies in payments.” He admitted that those buying Block shares need to have the stomach for wild fluctuations in stock price. “The stock suits investors with an appetite for risk,” said Day.

“On March 22, the shares closed at £115.15. On March 24, the stock closed at £88.94. The shares were trading at £99.28 on March 30.”

17 out of 18 analysts can’t be wrong?

Despite an outstanding year for the energy sector in 2022, Seneca Financial Group investment advisor Tony Langford is bullish on Santos Ltd (ASX: STO) for this year.

“Production is forecast to grow, as demand for products is expected to remain strong.” He noted Santos’ pleasing reporting season figures. “The energy giant reported a full year 2022 net profit after tax of US£2.112 billion, up 221% on the prior corresponding period,” said Langford.

“Free cash flow of US£3.641 billion was up 142%. Gearing was reduced to 18.9%. Higher oil and LNG prices contributed to the result.”

For an energy giant, the Santos share price hasn’t lit the world on fire over the past 12 months, actually falling more than 10%. This mediocrity could point to a golden buying opportunity. Quite a few of Langford’s peers agree.

According to CMC Markets, a remarkable 17 out of 18 analysts currently rate Santos as a buy.

Tags:

aph-airport-parking-and-hotels listed on couponmatrix.ukcrabtree-and-evelyn listed on couponmatrix.ukevri listed on couponmatrix.uklouis-copeland listed on couponmatrix.ukspecsavers listed on couponmatrix.ukstrada listed on couponmatrix.uk
aph-airport-parking-and-hotels listed on couponmatrix.ukWho doesn’t love a holiday? Taking a break from work, discovering somewhere new, plus a chance to spend time and create memories with the people you love. Unfortunately, however, the process of getting to your dream destination isn’t always as relaxing as the holiday promises to be, and we can agree one of the worst parts about a holiday is the airport. But no longer! With an APH discount code, you can sort your Airport Parking and Hotel needs with ease and never have airport parking stresses darken your holiday plans again.
crabtree-and-evelyn listed on couponmatrix.ukIf you’re searching for sumptuous soaps and fragrances, ones that you’ll relish over and over again but that won’t break the bank, the quest ends with Crabtree and Evelyn. Grab a Crabtree and Evelyn discount code and start shopping today to tap into a wonderful world of luxury products. With more than 60 years in the business, Crabtree and Evelyn have made a habit of creating gorgeous, luxuriant products that its customers really love.
evri listed on couponmatrix.ukSending packages all over the world without breaking the bank is exactly what you should expect from Evri. Formerly branded as Hermes, Evri operates a swift and secure delivery network through thousands of affiliated stores, personal couriers and locker drop-offs. Shipping to over 190 countries worldwide, Evri International is the easiest way to get your parcels where they need to go. Be sure to utilise an Evri discount code when sending items off to secure an even better price on deliveries in the UK and round the globe. With a mobile app, easy tracking and an accessible returns system, Evri can handle every request you need from your parcel courier.
louis-copeland listed on couponmatrix.ukFounded in 1933, Louis Copeland is one of Ireland's leading menswear retailers. With a focus on quality and style, the brand offers a wide range of classic and contemporary clothing to suit any occasion. And with a Louis Copeland discount code, you can enjoy even greater savings on your next purchase. So whether you're looking for a new suit for work or a stylish new outfit for a night out, be sure to check out Louis Copeland. Here at Groupon, we pride ourselves on finding the best discount codes and vouchers to help you save money on your favourite fashion brands. For Louis Copeland, we have a range of codes that can be used to get money off your next purchase, along with highlights on seasonal promotions and flash sales. So whether you're looking for a new suit or just some stylish new clothes, be sure to check out our Louis Copeland deals before you buy. Equal parts suave and sophisticated, Louis Copeland suits are a marvel to both wear and admire. Select between hues of rich blue, timeless silver or charcoal black before putting a Louis Copeland voucher code to good use and securing easy savings on some quality threads. Woven from the finest fabric, these soft suits can handle a full wedding ceremony and dinner and still feel snug enough to handle the night of partying to follow.
specsavers listed on couponmatrix.ukIt’s easy to see why people come to Specsavers. They offer some of the best prices around on the greatest brands in prescription eyewear, along with contacts and sunglasses too. When there’s a Specsavers voucher at play, the prices can get even better without much effort. The end result is that you’ll look and feel much more stylish in the latest frames of your choosing, all while ensuring your vision is crystal clear and prescription perfect.
strada listed on couponmatrix.ukEmbrace proper Italian culture and cuisine right on your doorstep when you dine out at a Strada restaurant. With a full, delicious menu offering only the freshest seasonal produce, made with authentic Italian techniques and genuine care in every dish, you’re always in for a great time with Strada. Whether you want to use your Strada voucher to chow down on your favourite fresh pasta dishes, risottos, hand-stretched pizzas, grilled meat and fish, or just want to pop in for a coffee or cocktails with friends, Strada has everything you need to enjoy an Italian escape at home.