The end of November means one important thing for us ASX-investing Fools: Christmas season is here.
In the spirit of Christmas, let’s take a look at 5 top ASX stocks to buy ahead of the December holiday period.
5 ASX Christmas stocks to buy this December
1. CSL Limited (ASX: CSL)
The CSL share price is arguably the highest quality stock on the ASX at the moment. Gifting CSL shares to your family this year could pay off in the long-run given the healthcare group’s strong 2019 performance.
CSL shares are going from strength to strength this year and continue to set and exceed new record highs. I think CSL could continue its strong growth next year with significant R&D expenditure and a unique market position.
2. Australia and New Zealand Banking Group (ASX: ANZ)
ANZ could be the best bank amongst the Big Four at the moment. The Westpac Banking Corp (ASX: WBC) AUSTRAC scandal has put its shares under pressure ahead of the festive season. Similarly, the National Australia Bank Ltd (ASX: NAB) share price is facing pressure after successive dividend cuts.
It’s hard to escape the banking sector’s influence on the ASX, but I think ANZ could be the pick of the bunch this Christmas.
3. Beach Energy Ltd (ASX: BPT)
Christmas means summer, and summer means energy problems in Australia. Beach Energy has been a top performer amongst the S&P/ASX 200 (INDEXASX: XJO) in 2019 and could be well-placed for more growth next year.
Electricity prices remain high across eastern Australia and Beach continues to post record earnings. Beach Energy shares could be the perfect ASX gift this Christmas.
4. Afterpay Touch Group Ltd (ASX: APT)
It wouldn’t be an ASX Christmas portfolio without a serious growth stock. Afterpay has proven itself to be the real deal this year after a breakout year in 2018.
Afterpay shares have rocketed 164.25% higher in 2019 and continue to smash growth expectations both at home and abroad. The final audit report from its AUSTRAC enquiry means the company can focus on executing its strategy next year and deliver strong capital gains to shareholders.
5. Vanguard Diversified High Growth ETF (ASX: VDHG)
While individual stocks can be exciting to buy for Christmas, ASX exchange-traded funds (ETFs) could also be a good option.
The Vanguard Diversified High Growth ETF provides diversified exposure to global and domestic equities with a 10% allocation to interest-earnings assets (i.e. cash and bonds).
VDHG could be the perfect kickstarter for a family member’s ASX share portfolio this Christmas as an all-in-one package.
The post Stuck for Christmas gift ideas? 5 ASX shares to put in the buy basket appeared first on Motley Fool Australia.
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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and CSL Ltd. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019