3 ASX shares to buy this week

These ASX shares could be in the buy zone…
The post 3 ASX shares to buy this week appeared first on The Motley Fool Australia. –

Looking for investment ideas this month? Below are three options to consider in October.

Here’s what you need to know about these highly rated shares:

Nitro Software Ltd (ASX: NTO)

The first ASX share to look at is document productivity software company. It has been growing at a strong rate in recent years and more of the same is expected in the years to come. Particularly given a recent acquisition, increased remote working, and its investment in sales staff. These are all supporting demand for its high quality software. The team at Bell Potter are positive on the company. In fact, Nitro is currently the broker’s number one pick in the tech sector. It has a buy rating and $4.00 price target on Nitro’s shares.

REA Group Limited (ASX: REA)

Another ASX share to look at is REA Group. It is the dominant player in real estate listings in the Australian market and has a number of other complementary businesses. REA looks well-placed for growth in the coming years thanks to the booming housing market, cost cutting, price increases, its international operations, and new revenue streams. The latter includes from recent acquisitions such as Mortgage Choice. These acquisitions have strengthened its offering, particularly in mortgage broking. Macquarie currently has an outperform rating and $185.00 price target on the company’s shares.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ASX share to look at is the VanEck Vectors Video Gaming and eSports ETF. This popular ETF provides investors with exposure to companies involved in the growing video gaming market. Among the shares included in the fund are hardware giant Nvidia and game developers Activision Blizzard, Electronic Arts, Roblox, and Take-Two. VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. This could make it a great place to invest with a long term view.

The post 3 ASX shares to buy this week appeared first on The Motley Fool Australia.

Should you invest $1,000 in ESPO right now?

Before you consider ESPO, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ESPO wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

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3 top ASX growth shares to buy next month

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2 fantastic ASX tech shares to buy in October

Fund managers are buying these ASX shares

Motley Fool contributor James Mickleboro 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 recommended Nitro Software Limited, REA Group Limited, and VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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