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3 reasons to stock up on Westfield Corp Ltd today

Westfield Corp Ltd (ASX: WFD) recently set itself a new record high at $7.81, taking its total gain since listing on the ASX in June to 16.6%. However, it has since retreated slightly, giving investors an opportunity to buy shares at a discounted price.

Here are three big reasons why Westfield Corp could be an excellent addition to your portfolio today…

1)  Exposure. The shopping centre giant has excellent exposure to the recovering economies in the United States and United Kingdom. As consumer and business confidence continue to improve, so should sales as well as rental income.

2)  Falling dollar. The Australian dollar continues to slide compared to the US greenback and is now buying just US90.4 cents. While that’s not so good for Aussie importers, it’s great for companies like Westfield Corp that generate most of their earnings overseas. This will also help bolster the company’s dividend which is declared in US dollar terms.

3)  Growth. Compared to the Australia and New Zealand focused Scentre Group Ltd (ASX: SCG), Westfield Corp has the potential to grow far beyond the US and UK regions with expansion into South America and other European countries on its radar. Furthermore, as it continues to focus on its flagship assets (those located in major shopping locations), earnings should continue to strengthen over the coming years.

Another excellent buy today

As appealing as Westfield Corp is, it’s by no means the best stock trading on the ASX right now. A much better buy has recently been uncovered by The Motley Fool’s top analyst, Scott Phillips, which not only boasts strong growth potential but also a fat, fully franked dividend yield.

To discover the name and code of this ultra-promising stock, simply click here now and we'll send you your FREE copy of "The Motley Fool's Top Stock for 2014." It's FREE!

Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned.

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