It’s been a bad morning for ASX shares today as the S&P/ASX 200 Index (INDEXASX: XJO) has fallen 1.9% lower to 5,851.4 points.
It can be hard to keep a cool head while both domestic and international share markets are crashing lower. However, I like to think of today’s drop as a discount sale on some of my favourite companies.
Here are a few ASX companies that I’ve got my eye on if we see another share market crash in 2020.
ASX shares I’d like to buy in the next market crash
Transurban Group (ASX: TCL) is one blue-chip share at the top of my list.
Transurban is one of the world’s largest infrastructure investors with an extensive portfolio of toll roads across Australia and North America.
Despite its share price slumping in the recent bear market, there could be a silver lining for Transurban. The coronavirus restrictions have forced a rethink of commuting which could see more Aussies turn to toll roads in 2020.
If we see another COVID-19-related share market crash, I think the Transurban share price could be caught up in it. If there’s a tidy discount on offer, I might buy-in if I think it’s at a bargain.
But Transurban isn’t the only ASX share I’d have my eye on in a share market crash. While Transurban might be a speculative play, buying AGL Energy Limited (ASX: AGL) could be a good defensive option.
The Aussie energy generator and retailer could see its earnings hold up better than some in 2020. The energy sector is generally non-cyclical, given the demand for energy is largely uncorrelated with the state of the economy.
While I think the AGL share price is unlikely to rocket higher in 2020, it could be a good option to buy in a share market crash. Of course, it’s worth investing in all ASX shares with a long-term view, but AGL could be a solid buy.
It already boasts a strong market share in the Aussie energy market and is one of the leading investors in renewable energy. If you’re bullish on the role of renewables in Australia for the long-term then maybe AGL is worth a look.
Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now
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In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 6/8/2020
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban Group. 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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