Insights

2 fantastic blue chip ASX shares to buy today

Goodman Group (ASX:GMG) and this ASX blue chip share have been named as buys. Here’s what you need to know…
The post 2 fantastic blue chip ASX shares to buy today appeared first on Motley Fool Australia. –

Man in white business shirt touches screen with happy smile symbol

If you want to construct a balanced portfolio, having a few blue chip ASX shares in there would be a smart move.

Blue chip shares tend to be companies that are well-known, long-established, and have strong financial positions. In other words, they are not going anywhere any time soon. This tends to make them safer than the average share.

Though, it is worth remembering that not all blue chip ASX shares are equal and some are better than others.

With that in mind, listed below are two ASX blue chip shares that come highly rated:

Goodman Group (ASX: GMG)

Goodman Group is an integrated commercial and industrial property group. It has been growing at a solid rate in recent years and has been tipped to continue this positive form in the years to come. This is thanks to future developments and the strength of its portfolio.

Goodman’s portfolio has a focus on high-quality properties in key locations that management believes will deliver sustainable returns for investors. These include logistics and warehouse facilities which have exposure to the growing ecommerce market through relationships with Amazon, DHL, and Walmart.

Analysts at Macquarie were impressed with Goodman’s first quarter performance and believe it is well placed for growth over the coming years. Its analysts have an outperform rating and $19.86 price target on its shares.

Sonic Healthcare Limited (ASX: SHL)

Sonic Healthcare is a leading medical diagnostics company with operations across the world. It has been a very impressive performer in FY 2021. Sonic recently released its first quarter update and revealed a 29% increase in revenue to $2,144 million and a 71% lift in EBITDA to $580 million.

The key driver of this growth was exceptionally strong demand for COVID-19 testing services globally. Though, it is worth noting that the rest of the business performed positively as well. And while this level of growth is expected to moderate in the coming quarters, Sonic has been tipped to deliver a very strong full year result next year.

Morgan Stanley, for example, is pleased with its strong growth so far in FY 2021 and remains positive on the future. In light of this, it recently reaffirmed its overweight rating and $40.40 price target on its shares.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare 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 post 2 fantastic blue chip ASX shares to buy today appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!