Due to the pullback in share prices during the coronavirus crisis, I think there a good number of shares trading at attractive prices right now.
Four top ASX 200 shares that I think are in the buy zone are listed below. Here's why I would buy them in May:
Altium Limited (ASX: ALU)
Altium is an award-winning printed circuit board (PCB) design software provider and part of the WAAAX group of tech shares. I expect demand for its innovative and industry-leading PCB software will increase at a strong rate over the next decade thanks partly to the Internet of Things (IoT) boom. This should put the company in a great position to continue delivering strong earnings growth for some time to come.
Appen Ltd (ASX: APX)
Another member of the WAAAX group that I believe is a buy is Appen. It is a provider of human annotated dataset development services to some of the world's biggest tech companies. Because the company services machine learning and artificial intelligence markets, which are expected to grow at a rapid rate over the next decade, I believe it is well placed to continue growing its earnings at strong rate for the foreseeable future.
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is one of the world's leading gaming technology companies and could be a great option following a recent selloff. Although the company is best-known for its pokie machine business, it also has a growing Digital business with millions of daily active users. These users are generating significant revenue for Aristocrat Leisure and should cushion the blow from casino closures. Overall, while FY 2020 will be a difficult year, I believe it is well-placed for strong long term growth over the next decade. This could make its share price weakness a fantastic opportunity for investors.
National Australia Bank Ltd (ASX: NAB)
Although not my favourite big four bank, I think that NAB's shares offer a lot of value for money after their savage selloff this year. And while times certainly are hard for the banking giant, I believe it is well-placed to return to growth in the next couple of years when trading conditions return to normal. In light of this, I think a patient long term investment in its shares could provide very rewarding returns for investors in the coming years.
