Insights

3 five-star ASX shares to buy in April

Domino’s Pizza Enterprises Ltd (ASX:DMP) and these ASX shares could be five-star stocks to buy. Here’s what you need to know about them…
The post 3 five-star ASX shares to buy in April appeared first on The Motley Fool Australia. –

Are you looking to make some additions to your portfolio in April? If you are, the three ASX shares listed below could be great options.

They have been tipped as shares that could generate strong returns for investors in the future. Here’s why they could be five-star stocks:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first five-star stock to look at is Domino’s. This pizza chain operator could be a good option due to its strong market position and bold growth targets. At the end of the first half of FY 2021, Domino’s had a network of 2,800 stores. This was up 5% from 2,668 stores at the end of FY 2020. Positively, the company still sees significant room for growth over the next decade. In fact, management expects to almost double its network to 5,500 stores by 2033. At the same time, Domino’s is targeting consistently solid organic same store sales growth. If it delivers on these targets, it should result in strong top line growth over the next decade.

Morgans is a fan of the company and has an add rating and $119.00 price target on its shares.

REA Group Limited (ASX: REA)

Another five-star stock to consider buying is REA Group. It is the digital advertising company that operates Australia’s leading property website, realestate.com.au. It also operates a number of complementary websites in the Australian market and internationally. Although market conditions were tough over the last few years, the resilience of its business model allowed REA Group to continue its growth. Pleasingly, with the housing market now booming, demand for listings looks set to increase materially. Combined with new revenue streams and its good cost control, REA Group appears well-placed to accelerate its growth.

One broker that rates REA Group highly is Macquarie. It is very positive on the company’s outlook and has an outperform rating and $171.70 price target on its shares.

ResMed Inc. (ASX: RMD)

A final five-star share to buy is ResMed. This sleep treatment-focused medical device company could be a great long term option due to the quality of its masks and software-as-a-service solution and their growing addressable market. In respect to the latter, demand for its offering looks set to grow in the future as the number of people diagnosed with sleep disorders increases. For example, management estimates that there could be upwards of 1 in 7 people impacted by sleep apnoea, with the vast majority of them undiagnosed. This potentially provides ResMed with a significant runway for growth over the next decade. 

Credit Suisse is bullish on the company. It currently has an outperform rating and $29.50 price target on ResMed’s 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 February 15th 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, REA Group Limited, and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 five-star ASX shares to buy in April appeared first on The 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!