It’s hard to know which ASX 200 shares to buy right now with so much uncertainty still in the air. The coronavirus pandemic and oil price war have smashed valuations but we’ve seen a strong recovery during April and May.
If you’ve saved up some spare cash but don’t know where to invest, here are a couple shares I’ve got my eye on in June.
The smartest ASX 200 shares to buy with $2,500 today
I think healthcare is one sector to watch right now. I’ve got my eye on the largest ASX 200 healthcare share on the market: CSL Limited (ASX: CSL).
It’s been a rollercoaster of a ride for CSL shareholders in 2020. The Aussie biotech’s shares climbed to a new record high of $342.75 in late February before the S&P/ASX 200 Index (ASX: XJO) crashed lower.
CSL is currently trading at $282.90 per share and could be in the buy zone. The group is strong in influenza vaccinations and blood plasma treatments which I think aren’t going anywhere, given the current climate.
The ASX 200 healthcare share reaffirmed its guidance in April and could be one to watch in 2020.
I also like the look of NextDC Ltd (ASX: NXT) as a speculative tech play. The Aussie tech share has rocketed 40% in 2020 thanks to its strong expansion and beefed up balance sheet.
NextDC specialises in data security and storage. The group owns and operates a number of data centres across the country with more planned in the near future.
If we see a permanent move towards work from home arrangements, that could be good news for the ASX 200 tech share. More remote working means more data storage and security demand which could deliver higher earnings for NextDC.
Some might question the current $9.23 per share valuation. However, I think NextDC has the potential to be an ASX 50 share within a decade. If that proves to be the case, the current $4.2 billion market capitalisation could be set to surge in the coming years.
Foolish takeaway
These are just a couple of the ASX 200 shares that are on my radar right now.
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As of 2/6/2020
More reading
- ASX 200 up 1%: Big four banks jump, Afterpay hits record high
- Are our ASX big miners on an earnings upgrade cycle?
- Can ASX 200 retail shares outperform this year?
- 1 ASX 200 tech share to buy and hold for a decade
- JobMaker is coming. These 3 ASX 200 shares could benefit
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 CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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.
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