Although the U.S Federal Reserve elected to keep rates on hold for another month, the market continues to expect two further rate hikes before the year is out. This will bring its interest rates up towards the 2.5% mark.
Unfortunately, it appears unlikely that the Reserve Bank will be following suit any time soon. In fact, most economists have ruled out a hike both this year and next year.
Because of this, if I had $10,000 sitting in a savings account gathering more dust than interest I would consider putting it to work in the share market.
Three top shares I would invest these funds into are listed below:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company has really been kicking goals this year. Not only is the company’s core business on top of its game and winning market share from its competitors thanks to the growing popularity of its pokie machines, its fledgling digital business has started to deliver on its enormous potential. Thanks to two sizeable acquisitions, the segment now has 8.3 million daily active users generating sizeable recurring revenues. I believe the release of several new games could see this number rise further in the second-half, along with the average daily revenue per user.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
August certainly will be an eventful month for this under pressure pizza chain operator. Short sellers are betting on the company falling short of its full-year guidance for a second year in a row and have been building up a large interest in its shares. While I’m optimistic that Domino’s will deliver on its guidance, it is far from a certainty. However, what is certain is that the company has significant long-term expansion plans that will add significant value. Because of this, I believe it is a great buy and hold investment. Investors might want to consider buying a small amount of shares now and then topping up after its results have been released.
Webjet Limited (ASX: WEB)
In the first half of FY 2018 this online travel agent reported impressive bookings growth which was once again outperforming the industry average by some distance. And with trading conditions remaining favourable and the company’s numerous brands growing in popularity, I expect Webjet to deliver another strong full-year result this month and provide positive guidance for FY 2019. This could make it another top candidate for a buy and hold investment.
Finally, if you have a little more to invest then these buy-rated shares could be great options as well.
Renowned investor Scott Phillips just released a brand-new report detailing his 4 favourite stocks to buy right now.
And I don’t know about you, but I always pay attention when some of the best investors in the world give me a stock tip.
This is your chance to get in at the very beginning of what could prove to be very special investments.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited and Webjet Ltd. 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 Scott Phillips.