Top Australian stocks to buy right now with $5,000

Let's look at three shares that could be among the best to buy now.

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Key points

  • Macquarie Group stands out for its adaptability across market cycles, providing diversified global exposure and consistent profitability, making it a strong financial choice for investors.
  • Wesfarmers, with its robust retail brands and strategic diversification into chemicals and healthcare, offers investors a reliable and versatile long-term investment option.
  • Woolworths, as a leading supermarket chain, benefits from the defensiveness of essential goods, with ongoing investments in digital and logistics enhancing its market resilience and growth prospects.

If you've got $5,000 ready to invest, the Australian market offers no shortage of options. But in times of uncertainty, it often makes sense to focus on companies with resilient earnings, strong balance sheets, and long track records of delivering for shareholders.

Three standout Australian stocks that fit this description are listed below. Here's why they could deserve a spot on a $5,000 shopping list today.

Macquarie Group Ltd (ASX: MQG)

Macquarie has long been one of Australia's most admired financial institutions. Unlike the big banks, it generates a significant portion of its earnings from global infrastructure, asset management, and commodities markets. This means it isn't tied solely to domestic lending conditions.

Its ability to adapt to market cycles is one of its greatest strengths. When equity markets boom, Macquarie benefits; when volatility rises, its commodities and trading divisions often thrive. This balance has allowed the group to deliver decades of consistent profitability through vastly different environments.

Macquarie also manages hundreds of billions in assets worldwide, giving it exposure to long-term themes such as renewable energy, data infrastructure, and global transport networks. For investors seeking a high-quality financial powerhouse with genuine global diversification, Macquarie remains one of the most compelling picks on the ASX.

Wesfarmers Ltd (ASX: WES)

Another Australian stock to buy now with $5,000 could be Wesfarmers. This conglomerate's portfolio includes household names such as Bunnings, Kmart, Target and Officeworks. These are businesses with enormous scale, strong brand loyalty, and reliable cashflow.

Bunnings alone is one of the most dominant retail franchises in the country, and its consistency helps anchor the entire group. But Wesfarmers is far from a static business. It has been investing heavily in chemicals, energy and fertilisers, as well as healthcare and pharmaceuticals through the Priceline and Clear Skincare networks.

This diversification gives Wesfarmers multiple earnings levers, and management has a long history of disciplined capital allocation. Overall, this arguably makes Wesfarmers an attractive long-term holding for investors.

Woolworths Group Ltd (ASX: WOW)

Finally, in a volatile market, it is hard to overlook a supermarket giant like Woolworths. Groceries remain one of the most defensive categories in the economy. People still buy food, toiletries, baby products and essentials regardless of the economic climate. That stability translates into steady revenue and predictable earnings.

Woolworths continues to invest heavily in digital transformation, online ordering, logistics, and data-driven retail. These upgrades are helping to maintain market share and improve customer engagement, while also setting up the business for long-term efficiency gains.

Although its margins have been pressured recently by value-conscious shoppers and intense competition, Woolworths remains exceptionally well positioned. And with its performance improving after a blip, now could be an opportune time to buy its beaten down shares.

Motley Fool contributor James Mickleboro has positions in Woolworths Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Wesfarmers. The Motley Fool Australia has positions in and has recommended Macquarie Group and Woolworths Group. The Motley Fool Australia has recommended Wesfarmers. 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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