Why I would invest $10,000 into these ASX shares today

Here are two quality ASX shares that I would buy with $10,000…

| More on:
A businessman holding a butterfly net looks around hoping to snare a good ASX share investment

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Although the Australian share market is rebounding today, it’s still trading a long way from its recent highs. In light of this, now might be an opportune time to consider entering the market.

If you’re looking to invest $10,000 into the share market, then it could be worth considering the two ASX shares listed below. Here’s why I rate them as buys:

CSL Limited (ASX: CSL)

The first ASX share I would recommend investors look at is CSL. Particularly with the biotherapeutics giant’s shares down 15% from their highs. This weakness has been caused by concerns over plasma collection headwinds, which appear to be easing now.

In addition, at the same time that supply is increasing, the company is implementing the recently FDA-cleared Rika Plasma Donation System across its collection centres. This new technology has been designed to enable the collection of more plasma in shorter periods of time.

Looking further ahead, the company’s investment in research and development means it has a pipeline of potentially lucrative therapies to support its growth, along with the impending acquisition of Vifor Pharma.

All in all, this appears to have left CSL well-positioned to deliver solid earnings growth over the long-term, which could make its shares a great buy and hold option.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX share that could be a quality option for a $10,000 investment is Domino’s. It is one of the world’s largest pizza chain operators with approximately 3,200 stores across the ANZ, Asia-Pacific, and European regions.

Its shares have lost more than 40% of their value in 2022 for a number of reasons. These include a softer than expected performance during the first half in Asia, inflation concerns, and a de-rating of growth shares.

While this is disappointing, I think it could be a buying opportunity for long-term focused investors. Particularly given the company’s bold expansion plans and strong balance sheet.

The former sees Domino’s planning to grow its store network to 6,650 stores by 2033. Whereas the latter provides management with opportunities to pursue suitable acquisitions through its One Brand, One Focus strategy.

So, with Domino’s shares trading on much lower than average multiples at present, now could be an opportune time to pounce.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

happy investor, share price rise, increase, up
Growth Shares

Here’s why brokers rate these ASX growth shares as buys

Here's why these growth shares could be buys next week...

Read more »

Woman smashes dollar sign for dividend share investment
Growth Shares

2 beaten down ASX shares named as buys by experts

Here are two beaten down shares that could be buys...

Read more »

smiling man holding phone technology
Growth Shares

Analysts name 2 excellent ASX shares to buy and hold

These ASX shares could be top buy and hold options...

Read more »

The hands of three people are cupped around soil holding three small seedling plants that are grouped together in the centre of the shot with the arms of the people extending into the edges of the picture representing ASX growth shares and it being a good time to buy for future gains

Why I think these 2 ASX shares are ideal for growth investors

This current volatile period could be a great time to go hunting for compelling businesses with strong growth potential.

Read more »

happy investor, share price rise, increase, up
Growth Shares

Here’s where I’d invest $3,000 into ASX growth shares today

Some ASX growth shares are looking really good value, in my opinion.

Read more »

An ASX shares broker analysing a chart tracking the A2 Milk share price
Growth Shares

Analysts name 2 top ASX 200 shares to buy today

Here are a couple of top ASX 200 shares that experts rate highly...

Read more »

chart showing an increasing share price
Growth Shares

Experts have named these top growth shares as buys

These growth shares are highly rated...

Read more »

A hand holding a graph trending up, indicating a surging share price on the ASX
Growth Shares

Goldman Sachs names 2 mid cap ASX shares to buy

Here are two mid cap shares that could be buys...

Read more »