The Motley Fool

3 ASX 50 blue-chip shares to buy in 2020

The ASX 50 blue-chip shares have had a few mixed performances in 2019.

Fortescue Metals Group Limited (ASX: FMG) shares have been arguably the top-performing shares on the ASX 50 after rocketing 163.86% higher in 2019.

Medibank Private Ltd (ASX: MPL) has led the ASX 50 insurers, while Commonwealth Bank of Australia Ltd (ASX: CBA) is the pick of the Big Four banks.

If you’re looking to add some ASX 50 blue-chip shares to your portfolio in 2020, here are 3 starting options below.

Qantas Airways Limited (ASX: QAN)

The Aussie airline’s shares could be at the right price after a 27.60% gain this year. 

Qantas is an ASX 50 blue-chip share that could have a place in a diversified portfolio next year. It’s worth noting that the group is susceptible to changes in global oil prices, which presents a potential hurdle in 2020.

However, Qantas shares are yielding a tidy 3.40% and outperformed the ASX 200 in 2019, which could make them a buy next year.

CSL Limited (ASX: CSL)

The CSL share price has been going from strength to strength in 2019.

The Aussie medical group has posted strong earnings and consistent R&D developments to fuel its share price higher. There’s no doubt it is an ASX 50 blue-chip share after its meteoric rise in recent years.

CSL does pay a 0.82% dividend yield, but I think its upside growth potential is where the real value is at. The only question mark is its current price-to-earnings ratio of 45.6 times, which may indicate it is a little overbought right now.

Mirvac Group (ASX: MGR)

The Mirvac share price has been outperforming the S&P/ASX 200 (INDEXASX: XJO) this year as the Aussie real estate investment trust (A-REIT) cashes in on low interest rates.

Mirvac shares are up 47.27% this year compared to 22.64% for the benchmark index, with a rebound in residential real estate particularly beneficial.

With the property market booming again and cheap credit available to buyers, Mirvac could be one ASX 50 blue-chip share to watch in 2020.

If these options don't take your fancy, check out these 3 ASX dividend shares instead!

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.