3 five-star ASX 200 shares to buy in October

This is why I think Afterpay Ltd (ASX:APT) and these ASX 200 shares are five-star options for Australian investors in October…
The post 3 five-star ASX 200 shares to buy in October appeared first on Motley Fool Australia. –

asx shares to buy

If you’re looking to make some additions to your portfolio in October, then I think the three ASX shares listed below would be great options.

I believe they are among the best on offer on the Australian share market and could generate strong returns for investors over the next decade.

Here’s why I rate them as five-star stocks:

Afterpay Ltd (ASX: APT)

The first five-star stock is Afterpay. This buy now pay later provider has been a very impressive performer over the last few years and appears well-positioned to become a global force in the payments industry. Especially given the surprising strength and flexibility of its business model and its global expansion plans. The company has just launched in Canada and has acquired its way onto mainland Europe. It also has its eyes firmly on the Asia market. The latter should be supported by its major shareholder, WeChat owner Tencent Holdings. And with the Afterpay share price down 21% from its high, now could be an opportune time for a long term investment.

Altium Limited (ASX: ALU)

Another five-star stock to buy is Altium. It is a leading electronic design software platform provider which has exposure to the rapidly growing Internet of Things and artificial intelligence markets. These markets are supporting the explosion of electronic devices globally and underpinning growing demand for its Altium Designer and cloud-based Altium 365 products. But Altium is more than just these products. It also has other businesses with a lot of growth potential. These include workflow solution platform NEXUS and electronic parts search engine Octopart. Combined, I believe the company is perfectly positioned to achieve its market domination target later this decade.

CSL Limited (ASX: CSL)

A final five-star stock to buy is CSL. I think the biotherapeutics giant would be a quality long term investment due to its world class CSL Behring and Seqirus businesses. This is due to their leading therapies and vaccines, growing plasma collection network, and burgeoning research and development pipeline. This pipeline contains a number of products, such as Clazakizumab, that have the potential to generate billions of dollars of sales in the future. Overall, I believe this puts CSL in a position to continue generating strong returns for investors for a long time to come.

These stocks could rocket in a Post-COVID world (FREE STOCK REPORT)

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.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 3 five-star ASX 200 shares to buy in October 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!