Share markets rarely move in a straight line.
Over time there are rallies, pullbacks, and the occasional sharp sell-off. Trying to predict exactly when those moments will occur is extremely difficult, which is why I prefer focusing on ASX shares I would be comfortable holding through an entire market cycle.
Companies with strong competitive positions, reliable earnings, and long-term growth opportunities tend to be the ones that can navigate those ups and downs best.
Here are three ASX shares that stand out to me in that regard.
ResMed Inc (ASX: RMD)
Since its founding in 1989, ResMed has built one of the most dominant positions in global sleep healthcare.
The company develops devices and digital platforms for treating sleep apnoea and other respiratory conditions. These treatments address a huge and growing health problem, with millions of people worldwide still undiagnosed.
What makes ResMed particularly interesting is the ecosystem it has built around its products. Its devices generate valuable patient data that feeds into its digital health platforms, creating a connected system used by patients, clinicians, and healthcare providers.
Demand for sleep apnoea treatment continues to grow as awareness increases and populations age. That creates a long runway for the company to keep expanding.
WiseTech Global Ltd (ASX: WTC)
WiseTech Global is an Australian technology company with a strong global presence.
Its CargoWise platform is used by logistics providers to manage complex international supply chains. Once embedded into a customer’s operations, this type of software becomes extremely difficult to replace.
The global logistics industry remains highly fragmented, providing WiseTech with an opportunity to continue expanding its customer base and adding new functionality to its platform.
The company has also been investing heavily in new products and integrations that aim to deepen its role in global trade.
If those initiatives continue to gain traction, WiseTech could remain one of the ASX’s more compelling long-term growth stories.
Woolworths Group Ltd (ASX: WOW)
Not every long-term investment needs to be a high-growth technology company.
Woolworths is a good example of a business that benefits from steady demand and a strong competitive position. As Australia’s largest supermarket operator, it sells products that households need regardless of the economic environment.
Its scale and supply chain advantages make it difficult for competitors to replicate its operational efficiency.
While Woolworths may not deliver explosive growth, its stability, cash flow, and ability to generate reliable earnings have made it a core holding for many long-term investors.
Foolish takeaway
Markets will always experience periods of volatility, but high-quality businesses often prove resilient over time.
ResMed, WiseTech Global, and Woolworths operate in very different industries, yet each has built a strong position in its respective market. Companies with those kinds of advantages can often continue to grow and generate returns even as the broader market moves through different cycles.
The post 3 excellent ASX shares I’d happily hold through the next market cycle appeared first on The Motley Fool Australia.
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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed and WiseTech Global. The Motley Fool Australia has positions in and has recommended ResMed, WiseTech Global, and Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.