3 ASX blue chip shares I would buy today

I think that our local market is filled with a good number of quality blue chip shares for investors to choose from.

Three which I think stand out as being great investments today are listed below. They are as follows:

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat Leisure could be my favourite growth share on the Australian share market at the moment due largely to the enormous potential of its digital segment. The segment has been experiencing the perfect mix of increasing daily active users and average revenue per user, and I expect more of the same in FY 2018 thanks to a couple of major acquisitions. This will add a number of popular mobile and social games to its portfolio, potentially leading to a strong increase in recurring revenues.

BHP Billiton Limited (ASX: BHP)

I believe that the strength of the global economy and increasing commodity prices should mean that BHP Billiton has the ability to outperform the market for the next two to three years. This could make the mining giant a great addition to a balanced portfolio, especially with its generous fully franked dividend. At present BHP Billiton’s shares provide a trailing 3.4% yield, but I believe this will grow significantly in FY 2018.

Blackmores Limited (ASX: BKL)

Although FY 2017 was a bit of a disappointment for shareholders, this leading health supplements company has bounced back strongly and is widely expected to return to growth again in FY 2018. Its shares may be a little on the expensive side after a strong run over the last few months, but I remain confident that the company is capable of growing its earnings at a rate that more than justifies this premium. This could make it a good investment option for investors willing to make a long-term buy and hold commitment.

Finally, here are three more blue-chip shares that I think investors should consider buying today.

Top 3 ASX Blue Chips To Buy In 2018

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores 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.

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