MENU

3 S&P/ASX 100 shares to buy and hold forever

The S&P/ASX 100 (Index: ^AXTO) (ASX: XTO) is home to some of Australia’s biggest and brightest companies.

Whilst I wouldn’t be in a rush to invest in all of the shares on the index, there are three in particular which I believe are great buy and hold investment options right now.

They are listed below:

Aristocrat Leisure Limited (ASX: ALL)

The shares of this gaming machine maker have been on fire this year thanks to a stellar first-half result which saw half-year profit from ordinary activities after tax increase 56.9% to $249.6 million. The catalyst for this strong result was its fast-growing digital segment. Thanks to the continued success of its Heart of Vegas game, the segment posted a 53.3% jump in profits to $77.7 million. With key new releases on the horizon, I expect the company to continue this strong form in the second-half and beyond.

CSL Limited (ASX: CSL)

When it comes to buy and hold investments this biotherapeutics giant would have to be near the very top of the list. Demand for its immunoglobulins and specialty products has been growing at an extraordinary rate in recent quarters. As a result, management expects the company to deliver net profit after tax growth in FY 2017 of between 18% and 20% in constant currency. Moving forward, I expect this strong demand to be sustained, complementing the strong progress its fledgling influenza vaccine business has made.

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

With its shares down sharply from their 52-week high and changing hands at approximately 31x estimated FY 2018 earnings, I think now is an opportune time to make a buy and hold investment in this pizza chain operator. Although Domino’s seems ubiquitous, management still plans to more than double its store footprint over the next eight years. This, together with menu innovation and expanding margins, leads me to believe that there is still significant earnings growth ahead for the company.

Finally, although this quality dividend share isn't in the S&P/ASX 100 just yet, I wouldn't be surprised if it earned a place in the index in the future.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool's dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader, but it's making waves in Asia and already boasts a term-deposit-crushing dividend above 4%. A debt free balance sheet and dominant market position at home and abroad mean this company offers investors income and some real-deal growth potential...

Simply click here to grab your FREE copy of this up-to-the-minute research report on this rising star right now.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.