3 ASX shares for growth, income, and value investors to buy right now

Here’s why Telstra Corporation Ltd (ASX:TLS) and these ASX shares could be top options for growth, income, and value investors…

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There are a lot of different types of investors out there.

Some investors have a focus on dividends, others are looking for growth, and some investors are searching for shares which they feel are undervalued.

Whichever type of investor you are, I feel one of the shares listed below will appeal to you. Here’s why I think they are worth considering:

Accent Group Ltd (ASX: AX1)

This footwear-focused retailer could be a top option for value investors. Although the pandemic is having a very negative impact on the retail sector, Accent has come out of it relatively unscathed. This is due to the popularity of its brands, its strong market position, and growing online business. I estimate that Accent will deliver earnings per share in the region of 10.5 cents in FY 2021. Based on the current Accent share price, this means investors will be paying just 12x forward earnings to own its shares. I feel this offers a compelling risk/reward for investors.

Telstra Corporation Ltd (ASX: TLS)

I think income investors ought to consider an investment in Telstra. I’ve been impressed with the way the telco giant has turned around its fortunes over the last 18 months and believe it is well positioned to return to growth in the near future. This is due to the return of rational competition in the telco industry, its cost-cutting and productivity plans, and its leadership position in the 5G market. Another big positive is that based on its free cash flow, it looks as though the dividend cuts are over and 16 cents per share is the bottom. This equates to a fully franked 4.6% dividend yield.

Xero Limited (ASX: XRO)

If you’re a growth investor then you might want to consider buying Xero. It is a cloud-based business and accounting software provider which has been growing at a rapid rate over the last few years. Pleasingly, I believe the quality of its software, its global expansion, and the shift to online accounting means Xero can continue this strong growth for a long time to come. Especially if it can win a decent share of the lucrative U.S. market. At the end of FY 2020, Xero had just 240,000 subscribers in North America. This compares to 914,000 in the much smaller ANZ market.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

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 Xero. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Accent 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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