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10 of the most tipped ASX shares for 2019

Want to know what some of the most tipped ASX shares for 2019? Well, Livewire could have the answer.

Investment site Livewire has asked its readers for which shares they think will perform the best in 2019.

According to the results, the 10 most tipped shares were: CSL Limited (ASX: CSL), Afterpay Touch Group Ltd (ASX: APT), BHP Group Ltd (ASX: BHP), Macquarie Group Ltd (ASX: MQG), Aristocrat Leisure Limited (ASX: ALL), Appen Ltd (ASX: APX), Altium Limited (ASX: ALU), Commonwealth Bank of Australia (ASX: CBA), Woodside Petroleum Limited (ASX: WPL) and Rio Tinto Limited (ASX: RIO).

It’s a pretty good list in my opinion. Resource shares could be among the top performers if resource prices continue to recovery. The fall in the prices of growth shares like Afterpay and Altium at the end of the year may give them enough space to grow into their valuations as their revenue and profits continue to rise strongly.

Aristocrat Leisure may be valued at a very reasonable price for how much it may grow over the next few years. Investors may have become too negative about the CBA share price and its attractive dividend could boost the total returns.

The two most tipped shares, which received more than double the amount of tips as the third most tipped ASX share, were CSL and Afterpay.

Livewire quoted a published Bell Potter report which included a reason why CSL could be a good pick “the global growth in plasma volumes is expected to be around a solid 8% per annum for the foreseeable future and, in addition, the group is planning to launch new products from its very extensive Research and Development portfolio”.

Afterpay could continue to be a long-term market-beater if it’s able to take full advantage of the huge US online retail opportunity. Online fashion alone amounts to US$60bn in purchases each year.

Foolish takeaway

I wouldn’t be surprised to see more than half of the Livewire choices outperform the market over the next year. The only share I own in that list is Altium, so I hope it’s one of the top performers this year.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, and Appen 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.

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