If you’re looking for new additions to your portfolio in July, then I think the three ASX shares listed below would be great options.
I believe these shares are some of the best the ASX has to offer and could generate market-beating returns for investors in the future.
Here’s why I rate them as five-star stocks:
The first five-star stock I would buy is Appen. This growing tech company has a team of one million plus crowd-sourced experts, preparing the data for the artificial intelligence (AI) and machine learning models of some of the biggest tech companies in the world. This includes the likes of Facebook, Microsoft, and Apple. And thanks to the acquisition of the Figure Eight business last year, the company now has strong offering for government customers. This is a lucrative market given that the US government has a US$5 billion AI budget and the UK government has a £2.3 billion AI budget. Overall, I believe Appen is well-positioned to continue growing its earnings at an above-average rate for many years to come.
The second five-star stock to consider buying is CSL. I think the biotherapeutics giant is a fantastic long term investment option for investors. This is due to the company’s world class CSL Behring and Seqirus businesses. These two businesses have leading therapies and vaccines, a growing plasma collection network, and extremely promising research and development pipeline. The latter contains a number of products that have the potential to generate billions of dollars of sales in the future if they are commercialised. I believe this puts the company in a position to continue generating strong returns for investors over the next decade and beyond.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
While not strictly an ASX share, I believe the BetaShares NASDAQ 100 ETF is a five-star option for investors. In fact, this exchange traded fund gives investors access to a large number of companies that are deserving of five-star status. These include Apple, Amazon, Facebook, Microsoft, Nvidia, and Google parent, Alphabet. It also includes a number of up and coming companies that could be stars of the future like online conferencing company Zoom and biotech company Seattle Genetics. I believe the majority of companies on the NASDAQ 100 are well-placed to grow at a quicker than average rate in the future. This could ultimately drive strong returns for investors over the next decade.
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS and CSL Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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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