Stuck for Christmas gift ideas? 5 ASX shares to put in the buy basket

If you're stuck for gift ideas this Christmas, check out these 5 ASX growth stocks which could boost your returns in 2020.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The end of November means one important thing for us ASX-investing Fools: Christmas season is here.

In the spirit of Christmas, let's take a look at 5 top ASX stocks to buy ahead of the December holiday period.

5 ASX Christmas stocks to buy this December

1. CSL Limited (ASX: CSL)

The CSL share price is arguably the highest quality stock on the ASX at the moment. Gifting CSL shares to your family this year could pay off in the long-run given the healthcare group's strong 2019 performance.

CSL shares are going from strength to strength this year and continue to set and exceed new record highs. I think CSL could continue its strong growth next year with significant R&D expenditure and a unique market position.

2. Australia and New Zealand Banking Group (ASX: ANZ)

ANZ could be the best bank amongst the Big Four at the moment. The Westpac Banking Corp (ASX: WBC) AUSTRAC scandal has put its shares under pressure ahead of the festive season. Similarly, the National Australia Bank Ltd (ASX: NAB) share price is facing pressure after successive dividend cuts.

It's hard to escape the banking sector's influence on the ASX, but I think ANZ could be the pick of the bunch this Christmas.

3. Beach Energy Ltd (ASX: BPT)

Christmas means summer, and summer means energy problems in Australia. Beach Energy has been a top performer amongst the S&P/ASX 200 (INDEXASX: XJO) in 2019 and could be well-placed for more growth next year.

Electricity prices remain high across eastern Australia and Beach continues to post record earnings. Beach Energy shares could be the perfect ASX gift this Christmas.

4. Afterpay Touch Group Ltd (ASX: APT)

It wouldn't be an ASX Christmas portfolio without a serious growth stock. Afterpay has proven itself to be the real deal this year after a breakout year in 2018.

Afterpay shares have rocketed 164.25% higher in 2019 and continue to smash growth expectations both at home and abroad. The final audit report from its AUSTRAC enquiry means the company can focus on executing its strategy next year and deliver strong capital gains to shareholders.

5. Vanguard Diversified High Growth ETF (ASX: VDHG)

While individual stocks can be exciting to buy for Christmas, ASX exchange-traded funds (ETFs) could also be a good option.

The Vanguard Diversified High Growth ETF provides diversified exposure to global and domestic equities with a 10% allocation to interest-earnings assets (i.e. cash and bonds).

VDHG could be the perfect kickstarter for a family member's ASX share portfolio this Christmas as an all-in-one package.

Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and CSL Ltd. The Motley Fool Australia owns shares of National Australia Bank Limited. 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 Scott Phillips.

More on Growth Shares

a happy investor with a wide smile points to a graph that shows an upward trending share price
Growth Shares

Here are the top five ASX 200 shares in Macquarie's model growth portfolio

These ASX 200 shares are highly rated by analysts at Macquarie.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Growth Shares

3 ASX shares to buy in 2024 and hold for the next 10 years

Analysts think these top shares are in the buy zone right now.

Read more »

A man leans forward over his phone in his hands with a satisfied smirk on his face although he has just learned something pleasing or received some satisfying news.
Growth Shares

4 ASX growth shares I think will benefit from interest rate cuts in 2024

Not only will home loan holders rejoice, investors of these stocks could also be yelling with joy when the Reserve…

Read more »

A smiling woman sits in a cafe reading a story on her phone about Rio Tinto and drinking a coffee with a laptop open in front of her.
Growth Shares

3 of the best ASX growth shares to buy now

Analysts see plenty of upside for these buy-rated shares.

Read more »

A man and woman in an office look at a laptop and discuss investing, budget strategies or other financial concepts
Growth Shares

Here's why analysts love these buy-rated ASX 200 growth shares

There's a reason analysts are feeling bullish about these companies.

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Growth Shares

Big returns could be coming for high-flying Lovisa shares

Morgans doesn't believe it is too late to snap up this hot stock.

Read more »

Smiling young parents with their daughter dream of success.
Growth Shares

Why these ASX 200 growth shares could be top buys now

Analysts are feeling bullish about these growth stocks. Let’s see what they’re saying.

Read more »

Concept image of a man in a suit with his chest on fire.
Growth Shares

Ignore the noise and buy this hot ASX growth stock

A recent pullback may have created a buying opportunity according to Bell Potter.

Read more »