Should Telstra Corporation Ltd, Coca-Cola Amatil Ltd & Woolworths Limited be in your 2015 share portfolio?

At the beginning of 2014 how many economists were predicting our share market would be sitting 0.66% lower this far into the year?

My guess is: very few.

Indeed Australia’s biggest and best companies – included in the S&P/ASX 200 (INDEX: ^AXJO) (ASX: XJO) – have experienced anything but smooth sailing.

I doubt many investors would have predicted Coca-Cola Amatil Ltd (ASX: CCL), Australia’s exclusive distributor of one of the world’s most renowned beverage brands, would be down a whopping 25% in just 11 months.

I believe very few people predicted Woolworths Limited’s (ASX: WOW) share price would be down 8% so far in 2014.

Telstra Corporation Ltd (ASX: TLS) has however been one of the few standout performing blue-chip stocks throughout 2014, rising 8% not including dividends.

Buy, Hold, or Sell?

Despite falling some 15% in the past three months alone, Woolworths still trades at a premium to the broader market. However analysts expect the company to grow earnings per share at just 3.6% in the next year and at comparable rates for the foreseeable future. Given its growth outlook and its valuation (it’s currently trading at 16x earnings) it’s not a standout buy. However investors should keep it firmly on their watchlist in case prices continue to fall further.

On the other hand Coca-Cola Amatil does appear to be firmly in the buy zone. The company recently announced its strategy to return to sustainable earnings per share growth and is awaiting a significant injection of capital from parent The Coca-Cola Company for a stake in its Indonesian business.

Lastly, Telstra is expected to experience modest top line growth in the next year as its momentum in the mobile and network applications services markets continues. In addition, in FY15 it’s expected to pay a 30 cent dividend, placing it on a forecast yield of 5.3% fully franked.

A better dividend stock than Telstra – Yours FREE!

At today's price Telstra isn't a bargain but that's OK because our analyst team has just released their #1 dividend stock idea for 2015 and you can get it FREE today in our new investment report, "The Motley Fool's Top Dividend Stock for 2015."

Simply click here now for your free copy.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any of the mentioned companies.   

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.