With many of Australia's blue-chip stocks, including the big four banks and Woolworths Limited (ASX: WOW) hovering around all-time or multi-year highs, it has become difficult for investors to find ones worth adding to their portfolio. However, there are still a number that have lagged behind the market in recent times which are worth considering at today's prices.
Westfield Group (ASX: WDC) is one such company. The market has largely avoided the stock due to poor consumer and business confidence, the rapidly rising online retail sector and, more recently, the proposed merger with Westfield Retail Trust (ASX: WRT). However, investors don't appear to be taking into account the company's exposure to recovering markets in the US and the UK, nor have they recognised the potential of its strategy to redevelop its most promising assets. With shares trading at $10.77 (14.2% below their 52-week high), now is an excellent time to shop for shares.
Analysts had expected 2014 to be a bumper year for mining behemoth BHP Billiton Limited (ASX: BHP), and had labelled it as one of the best stocks money could buy. So far, it has returned just 0.8%, largely due to the heavy volatility in commodity prices. The company recently delivered an impressive set of results which included record production across four commodities, and it is tipped to announce an annual profit just below its record US$15.4 billion it set in 2008 when it reports in August. Shares are currently trading at $38.28 and offer a 3.1% dividend yield (fully franked).
If ever there was a blue-chip out of the market's favour, it is Coca-Cola Amatil Ltd (ASX: CCL). Since hitting a high of $15.18 in May last year, the stock has dropped nearly 40% due to pricing pressures from rival Schweppes and deteriorating profits. However, the problems appear to be short term in nature and costs and productivity will be targeted under the new leadership of CEO Alison Watkins. While shares could experience volatility over the next few weeks or months, the quality of the corporation should ensure shareholders enjoy fantastic long-term gains.
Foolish takeaway
All of the companies mentioned above would be great additions to your portfolio at today's prices.
