Investing in ASX shares is a long-term game, but that doesn’t mean you can’t make tactical decisions along the way.
We’re past mid-October now and the S&P/ASX 200 Index (ASX: XJO) is steaming higher as we near summer 2021. That means I’ve got my eye on a few ASX shares I think have the potential to shine over the next 3 to 6 months.
3 ASX shares to I’d buy for summer 2021
For me, the first cab off the rank is Sydney Airport Holdings Pty Ltd (ASX: SYD). With restrictions easing across the country, and a New Zealand travel bubble possibly coming into play, I think Sydney Airport shares are worth a look.
It’s been a tough year for investors with the Sydney Airport share price slumping 28.5% lower in 2020 (at the time of writing). However, things could be turning a corner and I like the infrastructure group’s prospects over summer.
Pointsbet is set to announce its first quarter results next Tuesday and I’ll be watching closely for signs of further growth. The wagering group continues to sign lucrative partnerships across the United States which is supportive of future growth.
Add to that a summer of sports and Australia’s spring racing carnival, and I think the Pointsbet share price is worth a look.
Finally, Woolworths Group Ltd (ASX: WOW) is on my potential buy list. I think eased restrictions and summer conditions could be good for Woolworths’ liquor businesses.
The Woolworths share price lagged behind ASX supermarket peers like Coles Group Ltd (ASX: COL) in March due to its pubs business. COVID-19 restrictions hampered trade and reduced the conglomerate’s profitability.
However, with the hospitality sector starting to hum back to life and social engagements back on the agenda, I think the liquor businesses could do a decent trade.
These are just a few ASX shares that I like the look of this summer. There are plenty of bargains I’ll be keeping my eye on in the choppy market we’re seeing right now.
Where to invest $1,000 right now
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Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths Limited. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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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