Which shares should you take a punt on for the Melbourne Cup?

The race that stops a nation is upon us once again. While many punters might be having a wager on which horse they think will win, I think the best thing to do is invest that money instead.

However, it doesn’t mean you can’t profit from people doing something related to the race:

Tatts Group Limited (ASX: TTS) and Crown Resorts Ltd (ASX: CWN)

The main way to benefit is from the growth of betting. Lots of people love a gamble, particularly when it comes to horse racing.

Crownbet and Tatts racing will both receive a flurry of bets on the day and I’m sure the bookies will win as they usually do.

Woolworths Limited (ASX: WOW)

I’m not one to say that Woolworths has a great long-term future. However, its short-term sales growth could see the share price continue to grow. Plenty of food will also be sold for Melbourne Cup parties around the country.

It’s also likely that Dan Murphy’s will sell a huge amount of alcohol on Melbourne Cup day, being the market leader of liquor stores.

Primary Health Care Limited (ASX: PRY)

After a day of festivities and alcohol, it’s likely that many punters and partygoers will wake up with a hangover the next day. They may even have had a drunken accident and hurt themselves at the party.

Some of those people will likely head to their local Primary medical centre for a sick note from work or to treat their minor drunken injuries.

Foolish takeaway

It’s always possible to find investments with most events or trends, even if some of them don’t make that much of an investment case.

If you want to make a calculated investment, not a bet, on shares then you should check out these hot stocks.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Crown Resorts Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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.