With the S&P/ASX200 (ASX: XJO) index opening lower this morning, I think it’s an opportune time to add to any shares you’ve been watching over the last week or two. As the market closes in on its all-time highs, pull-back opportunities might be a rare occasion going forward, at least in the short term – so why not add your favourite stocks to you portfolio?
Here are the ASX shares I would consider spending $10,000 on today.
Australia and New Zealand Banking Group (ASX: ANZ)
ANZ shares have had a shocker of a month – falling from over $28 just a few weeks ago to today’s price (at the time of writing) of $24.91. The negative sentiment started when ANZ announced a cut to the level of franking credits its dividend would be able to pass on last month (falling from 100% to 70% franked).
Still, ANZ’s raw dividend is unchanged and on today’s prices, this offers a starting yield of 6.42%, which I think is a very attractive number. Income investors would do well ignoring the noise and picking up some ANZ shares today, in my view. Buying shares is (ironically) always easier when the market is loving the companies, but the real returns are often made when you swim against the tide.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Yesterday morning, Sydney Airport touched a new all-time high of $9.04 – although SYD shares have since pulled back somewhat and are trading for $8.80 at the time of writing. The catalyst for this move seems to have come from the company reporting its passenger numbers in October increased by 2.23% compared with October 2018.
This once again proves the abilities of Sydney Airport to bring home the bacon – this company still benefits enormously from its monopolistic grip on the airways of NSW. Even on today’s prices, you can get a juicy yield of 4.38% from SYD shares, which is a very attractive proposition in this era of low interest rates. Thus, I think SYD shares could be a great buy today.
I think these 2 ASX shares represent some of the best deals going on the market today. Both offer strong dividend yields and have a long history of delivering for shareholders.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Sydney Airport Holdings 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 Scott Phillips.