Many Australians are now more at ease with ordering goods online, and this adoption may stick around long after the coronavirus is out of the headlines.
At the same time, pent-up demand has seen strong physical patronage for some sectors, such as hairdressing and department stores.
So how can ASX investors take advantage of this?
Fortunately for The Motley Fool readers, a pair of experts have nominated a pair of shares they would buy right now:
All those packages have to start somewhere
Industrial real estate provider Goodman Group (ASX: GMG) has seen its shares rise nearly 17% so far this year.
According to Bell Potter Securities advisor John Anderson, Goodman has more than $5 billion of work in progress.
“We view Goodman as a core portfolio holding,” he told The Bull.
“The long term outlook for industrial and logistics properties is favourable given the continuing growth in e-commerce and a growing middle class in developing countries.”
Earlier this month, fund managers at Citi also indicated their bullish sentiment about Goodman.
“Its analysts currently have a buy rating and $26.00 price target on the company’s shares,” reported The Motley Fool’s James Mickelboro.
Australians are heading back to the shops
Meanwhile Burman Invest chief investment officer Julia Lee likes the look of department store chain Harvey Norman Holdings Limited (ASX: HVN).
“A strong residential market and savings should drive home goods and furniture sales as New South Wales and Victoria emerge from lockdowns.”
Harvey Norman shares have lost about 15% over the past couple of months. It’s now up just 3.8% for the year.
“Re-opening retail stores should underpin a brighter outlook and an improving share price,” said Lee.
“Success in offshore expansion is another potential growth lever for the share price.”
Lee is not the only one optimistic about the Australian retailer. Five out of 8 analysts rate the ASX share as a “strong buy”, according to CMC Markets.