If you’re interested in adding a blue chip ASX share to your portfolio in September, then you’re in luck.
There are currently a number of quality blue chips that I believe are trading at attractive prices for long term investments.
Two that I think would be top options for investors next month are listed below. Here’s why I would buy them:
Cochlear Limited (ASX: COH)
The first blue chip ASX share to consider buying is Cochlear. I think the global leader in implantable hearing devices could be a top buy and hold investment option. This is thanks to its exposure to the ageing populations tailwind. As hearing tends to fade as we get older, I expect hearing products demand to increase strongly over the next couple of decades.
Other positives are the industry’s high barriers to entry and its material investment in research and development. I believe these put the company in a position to capture this growing demand and deliver strong long term earnings growth. This could make the Cochlear share price a long term market beater.
Goodman Group (ASX: GMG)
Another blue chip ASX share I’m a big fan of is Goodman Group. I think the integrated commercial and industrial property group could be a great long term buy and hold option. This is due to the quality of its properties that span 17 counties and include warehouses, large scale logistics facilities, and business and office parks.
It is the company’s warehouses and logistics facilities that I find most attractive. This is because they give the company exposure to the rapidly growing ecommerce market through tenants such as Walmart, DHL, and Amazon. In fact, the latter has just signed a 20-year lease for another distribution centre in Western Sydney. This property is owned by its joint venture with Brickworks Limited (ASX: BKW).
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.
*Returns as of June 30th
More reading
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- Buy CSL and these quality ASX blue chip shares today
- Why it may not be too late to chase ASX reporting season record breakers
- The Dexus share price edges higher following FY20 results
- ASX 200 rises 0.8%, Treasury Wine Estate shares turn sour
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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. 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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