Here is what the team have come up with…

Daniel Ewing: Damstra Holdings Ltd (ASX: DTC) 

Damstra is an Australian provider of integrated workplace management solutions to multiple industry segments across the globe. Hence, the company is perfectly positioned to benefit from the changed working conditions of the post-pandemic world. Damstra's extensive range of products is evidence of this, with its recently added fever detection software being particularly relevant in current conditions.

The company also recently completed its acquisition of Vault Intelligence Ltd (ASX: VLT), a software company offering solutions which combine health, safety, compliance and risk management. Vault is an important lever to Damstra's United States expansion, with the company aiming to increase the 25% of its revenue that is currently generated internationally.

Motley Fool contributor Daniel Ewing owns shares of Damstra Holdings Ltd.

Chris Chitty: Magellan Financial Group Ltd (ASX: MFG)

Magellan has a strong track record as a fund manager which dates back to 2006. This company has steadily grown its funds under management and now manages over $100 billion spread across more than ten funds and exchange-traded funds (ETFs), making it one of Australia's largest fund managers.

Magellan is also set to extract value from its recently announced 40% interest in Australia's newest investment bank, Barrenjoey. Given Magellan's prospects to continue growing in size and reach, I think it could offer huge additional value to shareholders in the near future.

Motley Fool contributor Chris Chitty does not own shares of Magellan Financial Group Ltd.

Aaron Teboneras: Fortescue Metals Group Limited (ASX: FMG) 

The Fortescue share price has fallen around 15% (at the time of writing) since the company released its full-year results in late August. Although this was mostly attributed to investors taking profit, I believe it has created a strong buying opportunity. 

Fortescue reported a stellar scorecard for FY20, achieving record shipments of iron ore and boasting the world's lowest cost margins. The mining giant has also heavily invested in the future. Its $1.7 billion Eliwana Mine and Rail project is due to be completed in December this year. 

I think that Fortescue's lean business model coupled with its share price dip makes it a top ASX stock pick for October. 

 Motley Fool contributor Aaron Teboneras does not own shares of Fortescue Metals Group Limited. 

The company is selling at a relatively high price-to-earnings (P/E) ratio of 31.2, at the time of writing. I believe this is high because earnings reduced by 60% during the pandemic lockdown, not because the share price is inflated. Moreover, the company has a trailing 12-month dividend yield of around 4.3%.

Motley Fool contributor Daryl Mather does not own shares of Centuria Capital Group.

Bernd Struben: CSL Limited (ASX: CSL)

If you're looking for a quality, long-term investment for October, look no further than CSL Limited. The global biotechnology company develops innovative biotherapies and influenza vaccines. In the wake of the global pandemic, CSL's services will likely see sustained growth in demand.

CSL has delivered strong, reliable share price growth to patient investors since listing on the ASX. At the time of writing, the CSL share price is up around 43% since October 2018 and around 170% since October 2016. 2020 has been exceptionally choppy, but the CSL share price is still up around 4% year to date at the time of writing. CSL also has an annual dividend yield of 1%, unfranked.

Motley Fool contributor Bernd Struben does not own shares of CSL Limited.

Tristan Harrison: Redbubble Ltd (ASX:RBL)

In FY20, Redbubble saw its marketplace revenue grow by 36% with gross profit rising 42% and operating earnings before interest, tax, depreciation and amortisation (EBITDA) increasing by 141%. In the first month of FY21, marketplace revenue grew by 132% with similar sales levels in the first two weeks of August. I think Redbubble is on track to deliver a strong FY21 result and may benefit from improving economies of scale over the coming years.  

The Redbubble share price still looks good value to me considering its $38 million of free cash flow generated in FY20 and its likely future growth. 

Motley Fool contributor Tristan Harrison does not own shares of Redbubble Ltd. 

Regan Pearson: Eroad Ltd (ASX: ERD)

Eroad Ltd is a Kiwi tech company that provides devices which track vehicles and collect road user charges. Although the company only listed on the ASX in September, it has been achieving strong growth across New Zealand and the US, with annual revenue growing at a compounded annual rate of 42% over the last six years. The company has been burning through cash to fund this growth, but it did report a small profit in the 2020 financial year.

At the current Eroad share price of $4.04 (at the time of writing), I think the company's shares offer great, long-term value.

Motley Fool contributor Regan Pearson does not own shares of Eroad Ltd. 

Ken Hall: Super Retail Group Ltd (ASX: SUL)

The Super Retail share price has surprised many in 2020 but I think it has further to run. Its diversified retail portfolio has shown signs of strong cash generation. I think that bodes well for strong dividends in FY21 which could be valuable given the current market. On top of that, the Super Retail share price has already gained 3.4% this year (at the time of writing). That's an impressive feat given the S&P/ASX 200 Index (ASX: XJO) has slumped lower in 2020.

That combination of capital gains and potentially strong dividends has me putting Super Retail shares in the buy zone. 

Motley Fool contributor Ken Hall does not own shares of Super Retail Group Ltd.

Brendon Lau: Newcrest Mining Limited (ASX: NCM)

Gold stocks have been underperforming in recent times. But I believe gold will start to rebound as we head to the November US Presidential Election, with the likely political uncertainty benefitting the precious metal. One good way to gain leverage to this thematic is to invest in our largest gold producer.

The Newcrest Mining share price has been lagging its peers with a near 10% decline over the past year compared to 20% plus gains by Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST). I believe the gap will start to close over the coming months.

Motley Fool contributor Brendon Lau owns shares of Newcrest Mining Limited.

Sebastian Bowen: Cochlear Limited (ASX: COH)

My October stock pick is this ASX health care giant. Cochlear is one of the most successful ASX companies from the past few decades in my view. It has managed to place itself in the seemingly permanent centre of the global hearing aid industry. With a 60% share of the global hearing aid/assistance markets and a growing presence in emerging markets, I think this company is well set up to thrive into the 2020s and beyond.

What's more, I think the Cochlear share price is currently looking fairly cheap by historical standards and would make a great buy this October.

Motley Fool contributor Sebastian Bowen does not own shares of Cochlear Limited.

Glenn Leese: Openlearning Ltd (ASX: OLL)

Openlearning is a Sydney-based education software-as-a-service (SaaS) company with a massive global reach. It has pioneered creative concepts such as micro credentials and online portfolios for prospective employers to view. Openlearning is currently partnered with over 100 education institutions, has more than 2.5 million students and offers thousands of courses.

From March to early September, the Openlearning share price was 'trapped' between 18 and 28 cents. In mid-September, the share price finally broke out, reaching heights of 41 cents. I believe a recent pullback to 29 cents (at the time of writing) presents a value-for-money opportunity for investors to secure equity in Openlearning.

Motley Fool Contributor Glenn Leese owns shares of Openlearning Ltd.

James Mickleboro: Lendlease Group (ASX: LLC)

With the Lendlease share price down sharply in 2020, I think now could be an opportune time to make an investment. Especially given the international property and infrastructure company's recent strategy shift. Lendlease's new strategy has changed its business model and earnings mix towards that of industrial property giant Goodman Group (ASX: GMG). I believe this is a great move and has positioned the company perfectly to deliver solid and consistent earnings growth over the next decade.

Overall, I feel this could make its shares bargain buys at the current level.

Motley Fool contributor James Mickleboro does not own shares of Lendlease Group.

The post Top ASX Stock Picks for October 2020 appeared first on The Motley Fool Australia.

So what's driving the OpenLearning share price? Let's take a look at the company and recent activities.

About OpenLearning

OpenLearning is a Sydney-based education software as a service (SaaS) company. It may be local, but its one of the world's largest online learning platforms and courses are delivered globally.

OpenLearning empowers education students to complete courses or degrees online. It even produces "micro-credentials" that are displayed inside the online portfolios. For students, not only is this tracking useful, but it has the power to show potential employers how their progress is going.

Launching in 2012 and hitting the ASX as an initial public offering (IPO) in 2019, OpenLearning is currently up more than 85% from IPO. A few months of sideways movement occurred before the price really started to move toward the end of last week.

Currently, OpenLearning provides educational courses to more than 2 million students in more than 180 countries. The reach is massive.

Growth factors

OpenLearning has had an exciting few months following its IPO, with a number of key developments announced.

Alibaba deal

In March this year, OpenLearning signed a deal with internet mogul Alibaba Group (NYSE: BABA). Alibaba Cloud, to be exact, was the deal maker, allowing OpenLearning to deliver options to students in mainland China. This was an exceptional deal for OpenLearning, rapidly expanding the brand.

Around the same time, OpenLearning discussed options with Alibaba to act as a 'gateway' into the market for other education providers.

High Resolves deal

High Resolve is a not-for-profit education provider with a huge global reach. It delivers education to more than 350,000 students in Australia, the United States, Canada, Mexico and Brazil. Doing a deal with OpenLearning meant that High Resolve could deliver learning programs to high school students across the globe, leveraging the technology and processes that OpenLearning provides. School shutdowns were and still are a global concern. OpenLearning is part of the solution. It's a great partnership.

Australian Catholic University deal

This year in June, OpenLearning signed a 3-year agreement with Australian Catholic University (ACU) to provide its SaaS platform to the education provider.

ACU is an existing investor in OpenLearning. This deal helps to solidify the relationship. It's great for OpenLearning to have such a well-known brand in the education space actively backing it. No doubt for ACU, the relationship helps to put them on the innovation map as well.

Open Universities Australia deal

In July, only a month after the ACU deal, OpenLearning announced it had signed a deal with Open Universities Australia.

Australia's largest online higher education provider agreed through a memorandum of understanding that OpenLearning would provide SaaS platform services. Additionally, OpenLearning would be able to distribute its own courses within the OUA marketplace.

Foolish Takeaway

Online learning is critical today. The world was transitioning to online services long before coronavirus came along. However, this pandemic has certainly pushed technology into a growth phase that's unmatched in other industries. OpenLearning has a solid history of growth. Its has also actively pursued strategic partners along the way. Coronavirus may be a blessing in disguise for this SaaS education provider.

The post The OpenLearning (ASX: OLL) share price is storming higher again this week appeared first on The Motley Fool Australia.