'Attractive entry point': Buy these 2 ASX 200 shares now to 'outperform'

If you're buying shares in specific companies, you want to beat the index. Here's a pair of stocks that experts think will do just that.

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The whole point of buying specific S&P/ASX 200 Index (ASX: XJO) shares is that you want your portfolio to do better than that index.

Otherwise, you would just put all your money into an exchange-traded fund (ETF) that tracks the ASX 200 then go on holidays, right?

So to celebrate all those stock pickers out there, here are two shares that experts are tipping as buys this week:

'A stock with appealing defensive qualities'

Seneca Financial Solutions investment advisor Tony Langford is bullish on Amcor CDI (ASX: AMC) shares at the moment.

"The global packaging giant reported unaudited net sales of $11.021 billion for the nine months ending March 31, 2023 — an increase of 4%," Langford told The Bull.

"Adjusted earnings per share of 54.1 US cents were up 4% on a comparable constant currency basis."

The stock has plunged 14% year to date, although this merely presents a massive buying opportunity, as far as Langford is concerned.

"In our view, AMC offers an attractive entry point for a stock with appealing defensive qualities."

The team at IML last month also singled out Amcor as one of its favourites.

"While earnings were in line with our expectations, lower volumes in some categories and geographies led to some of Amcor's customers destocking inventory," read its memo to clients.

"We see this as relatively temporary, given most products are consumed relatively quickly, and believe Amcor remains well positioned for long-term growth."

Record sales despite rising interest rates

Construction material supplier James Hardie Industries plc (ASX: JHX) is Sequoia Wealth Management senior wealth manager Peter Day's pick.

The share price has already rocketed close to 50% for the year so far, but he still loves the direction the business is heading.

"This building products company reported record global net sales of US$3.777 billion for the year ending March 31, 2023 — an increase of 4% on the prior corresponding period," he said.

"Net profit after tax of US$512 million was up 12%."

Day's team is rating James Hardie as "outperform".

"The company expects adjusted net income to range between US$145 million and US$165 million in the first quarter of fiscal year 2024."

Sequoia Wealth's target price for the stock is $43.15, which indicates about a 13% upside from current levels.

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Plc. 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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