There certainly has been a dark cloud hanging over the market this month due to the coronavirus outbreak. However, I firmly believe there is a silver lining on that cloud and reasons to be positive.
With interest rates at record lows and heading lower, the share market at a multi-year low, and a large number of shares trading at attractive levels, I expect the S&P/ASX 200 Index (ASX: XJO) to bounce back strongly once the coronavirus crisis is over.
In preparation for when that happens, here are three top shares I would consider buying:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company's shares have come under pressure this week after casinos began to practice social distancing. This includes Crown Resorts Ltd (ASX: CWN) deactivating every second gaming machine. Whilst this is likely to be a blow to new orders in the short term, I expect sales to rebound once trading conditions return to normal. In the meantime, I'm optimistic that its Digital business will continue its strong form. Especially if the fast-growing social and mobile gaming market is given a boost by lockdowns across the world.
CSL Limited (ASX: CSL)
Another share to consider buying when the volatility eases is CSL. It is one of the world's leading biotherapeutics companies and appears well-placed to continue its impressive growth over the next decade. This is thanks to the increasing demand for immunoglobulins, its growing plasma collection network, and the lucrative product development pipeline of its CSL Behring and Seqirus businesses.
SEEK Limited (ASX: SEK)
A final option to consider is this job listings giant. The coronavirus has hit its Chinese operations hard, but with life largely returning to normal in China, I expect it to bounce back strongly in FY 2021. This should put it back on a path to achieving its aim of growing its revenues to $5 billion by FY 2025. This compares to the revenue of $1,537.3 million it posted in FY 2019.
