With the market rebounding, now might be a great time to look at adding some new ASX shares to your portfolio.
If youâre wanting to invest in the best shares, then you may want to consider the âchampion stocksâ listed below.
Hereâs why Bell Potter rates them as some of the best shares to buy and hold:
Amcor PLC (ASX: AMC)
Bell Potter’s analysts are positive on this packaging giant due to its defensive earnings and exposure to emerging markets. It explained:
The global leader in consumer packaging with a footprint encompassing North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. The group offers an attractive combination of defensive earnings in the developed countries with faster growth in emerging markets, which accounted for almost 25% of group sales in fiscal 2022.
Goodman Group (ASX: GMG)
The broker also expects Goodmanâs shares to be strong performers over the coming years. This is thanks to robust demand for industrial property thanks partly to online shopping. It commented:
One of the worldâs largest integrated industrial property groups with operations centred around development, management and ownership throughout Australia, New Zealand, Asia, Europe, United Kingdom, North America, and Brazil. The long term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or on-line retail sales) and the growing middle class in developing countries.
Sonic Healthcare Limited (ASX: SHL)
Finally, Bell Potter is a fan of this medical diagnostic services provider. The broker believes Sonic is well-placed to benefit from demand for pathology services and its ongoing international expansion. It said:
The worldâs third largest pathology provider with significant operations in the USA, United Kingdom, Germany, Switzerland, Belgium, Australia and New Zealand. Against the backdrop of continuing growth in the demand for pathology services over the longer term, the group has further international expansion opportunities in both existing and new geographical markets.
The post 3 âchampionâ ASX shares to buy and hold: Bell Potter appeared first on The Motley Fool Australia.
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More reading
- Top brokers name 3 ASX shares to buy next week
- Why I’m seriously considering investing $10,000 in these ASX 200 shares
- Why Amcor, Australian Strategic Materials, Goodman, and Pilbara Minerals are dropping
- Goodman share price drops 3% on Q1 update
- Dividends beasts: 3 ASX shares that kept the funds growing even during COVID
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Limited. The Motley Fool Australia has recommended Sonic Healthcare Limited. 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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