Your instant 3 share blue chip portfolio: Coca-Cola Amatil Ltd, Westfield Corp & Amcor Limited

With the majority of the market focused on the enormous yields offered by the big four banks, Telstra Corporation Ltd (ASX: TLS) and the supermarket duopoly, now is a great opportunity for savvy investors to swoop on some more enticing alternatives.

Although the Australian stock market is currently trading near a six-year high, these three blue-chip stocks are still trading at compelling prices where a buy today could result in fantastic returns over the coming years.

Perhaps the most exciting opportunity right now is embattled beverage manufacturer Coca-Cola Amatil Ltd (ASX: CCL). Granted, the business has been plagued recently by aggressive competition, rising costs and a strong Aussie dollar, but it is likely these issues will be mostly limited to the near-term. Investors willing to remain patient and hold the stock for years to come will likely reap the rewards as management helps guide the company back on track. With shares currently trading at a five-year low, now is a fantastic opportunity to make your move.

Another opportunity well worth considering is global shopping centre giant Westfield Corp (ASX: WFD). Aside from trading at an attractive price (currently $7.59), Westfield also gives fantastic exposure to the recovering US and UK economies. Investors who buy today will benefit from the strengthening US dollar which will help bolster earnings in the years ahead.

Finally, investors should also turn their attention towards global packaging business Amcor Limited (ASX: AMC). The company has grown its revenues and earnings at very impressive rates in recent years and shareholders have been handsomely rewarded. While it is anticipated that strong growth will continue over the coming years – especially thanks to its exposure to emerging economies – Amcor is presenting as a very nice prospect right now.

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

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