4 blue chip stocks that NEED your attention right now

The major discounts on these smashing blue chip stocks won’t last for long!

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With the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) flirting with its highest level since before the GFC, we haven’t been presented with many opportunities to buy blue chips on the cheap recently. While companies like Westpac Banking Corp (ASX: WBC) and Woolworths Limited (ASX: WOW) remain overpriced despite recent setbacks, there are four other opportunities that are well worth your attention right now!

  1. Telstra Corporation Ltd (ASX: TLS) climbed to a multi-year high of $5.40 recently, but has since trended backwards to just $5.19. Although the telco has soared in recent years, there are still plenty of reasons to like where things are heading. For starters, its textbook customer service levels continue to attract customers from rival carriers while the company has also set its sights on significant growth in the Asian markets. To top things off, the stock offers a mouth-watering 5.5% fully franked dividend yield, which is not to be sneezed at in this low interest rate day-and-age!
  2. BHP Billiton Limited (ASX: BHP) certainly hasn’t been in the market’s good books lately. The stock has fallen more than 7% in the last three weeks and, with iron ore continuing to plummet in price, there could be further to go… Given the miner’s heavy exposure to the coal and potash industries, I believe BHP maintains strong long-term prospects. While I won’t be buying its shares just yet, I will certainly be keeping an eye on them for a cheaper opportunity, and I think you should too.
  3. Coca-Cola Amatil Ltd (ASX: CCL) has fallen nearly 10% in just under one month. The strengths of the beverage distributor’s brands and long-term potential definitely make it worthy of your consideration. Obviously, things haven’t been going great-guns at CCA, with profits down and threats of changing consumer health trends. But under the direction of new management and with the help of new products, Coca-Cola Amatil could be a fantastic long-term bet. Shares are trading for just $9.10 and offer a trailing 5.6% dividend yield.
  4. Crown Resorts Ltd (ASX: CWN) is another ASX blue chip stock trading well below its 52-week high. Since reaching a peak of $18.22 in January, the entertainment and gaming group has fallen 17.3% to now be priced at just $15.06. The stock offers some serious growth potential, both in Australia and overseas, while there is a chance of the company improving its dividend policy somewhere in the near future.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Ryan Newman owns shares in Coca-Cola Amatil Ltd.

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