These ASX shares are surging on the back of key Aussie lifestyle trends

Which Aussie shares are climbing higher thanks to lifestyle shifts?
The post These ASX shares are surging on the back of key Aussie lifestyle trends appeared first on The Motley Fool Australia. –

The COVID-19 pandemic has impacted ASX shares in a number of different ways. While most Aussie shares were smashed in the March 2020 bear market, the subsequent 12 to 18 months have made for interesting viewing.

Almost every company has had to adapt to changing circumstances. Border restrictions, reduced venue capacity and changing demand for products and services have forced a rethink across the board.

Here are 3 ASX shares that have been surging higher in 2021 on the back of changing Aussie lifestyle trends.

Afterpay Ltd (ASX: APT)

It may come as no surprise that Afterpay shares have performed strongly in recent months. Shares in the buy now, pay later (BNPL) leader have climbed more than 10% in 2021 and are up nearly 80% in the last 12 months.

The share price surge has been driven by a number of factors including Afterpay’s proposed takeover by Square Inc (NYSE: SQ). However, Afterpay’s underlying sales figures have also been very strong, driven by a continued consumer shift towards digital retail.

Afterpay’s customers have been spending big with the company’s merchant partners. That has driven a 90% increase in FY21 underlying sales to $21.1 billion and pushed the ASX share higher.

Investors will be hoping that the online shopping trend continues long after COVID-19 restrictions have ended.

ARB Corporation Limited (ASX: ARB)

ARB designs, manufactures, distributes and sells motor vehicle accessories and other light engineering products. That means the ASX share has a significant presence in the Aussie motor vehicle accessories market.

Many investors would be aware of how hot the Aussie vehicle market is right now. COVID-19 restrictions have reduced supply while many Aussies have extra disposable income due to restrictions on movement where they would otherwise spend their money, such as travel.

ARB reported a 34% increase in FY21 sales to $623.1 million with earnings per share surging 95% to 140 cents per share. That’s a fairly good indication of demand-driven gains with ARB a beneficiary of this recent Aussie lifestyle change.

James Hardie Industries plc (ASX: JHX)

James Hardie is an Irish-headquarter, dual Australian and US-listed cement manufacturing company. It might surprise some to see this multinational group on the list of those benefitting from Aussie lifestyle changes.

However, there has been one enormous lifestyle shift in the past 12 to 18 months — home building. Cashed up Aussies are turning to home renovations and new builds to capitalise on more disposable income as well as government stimulus schemes such as HomeBuilder.

That has been good news for this ASX share which is up more than 35% year to date.

Foolish takeaway

These are just a few ASX shares benefitting from Aussie lifestyle changes in recent months.

Investors in these listed companies have seen strong investment gains in 2021 thanks to sustained demand propelling earnings and growth higher.

The post These ASX shares are surging on the back of key Aussie lifestyle trends appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

ASX tech shares are leading the market’s gains on Thursday

Why the Afterpay (ASX:APT) share price is charging 4.5% higher
The Square share price jumped 4% overnight. What could this mean for Afterpay (ASX:APT) shares?
Afterpay (ASX:APT) share price slips despite new ‘Retro’ launch
Top brokers name 3 ASX shares to buy today

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!