Markets do not move in a straight line.
After a strong run, it is normal to see pullbacks. When they happen, I think it helps to already know which shares you would want to buy rather than reacting in the moment.
If the market dropped again, these are three ASX shares I would be looking at.
CSL Ltd (ASX: CSL)
CSL has already been through a tough period, with its share price still well below where it was a year ago.
That is part of the reason I would be interested in the biotech if there were further weakness.
The core of the business remains strong. CSL Behring continues to operate in plasma therapies, where demand is tied to chronic conditions that require ongoing treatment. That creates a recurring revenue base.
There is also a pipeline of products and ongoing investment in innovation that can support future growth.
If the share price were to fall further, I think it would start to look increasingly attractive relative to its long-term growth profile.
REA Group Ltd (ASX: REA)
REA Group is a different type of opportunity.
It sits at the centre of Australia’s property market through realestate.com.au. That gives it a strong position and pricing power over time.
The property cycle can move around, which can impact listings and short-term revenue. That is usually when the share price comes under pressure.
But over longer periods, REA has shown an ability to grow earnings by increasing yields per listing and expanding its product offering.
A share market pullback would not change that. It would simply give investors a chance to buy a high-quality ASX share at a lower price.
Macquarie Group Ltd (ASX: MQG)
Macquarie is one I keep an eye on during volatility.
Earnings can move around depending on market conditions, particularly in areas like asset management and commodities trading. That tends to create swings in the share price.
Macquarie has built a global business across infrastructure, energy, and asset management. It has multiple earnings streams and a track record of finding new opportunities.
When markets fall, those cyclical earnings concerns often come to the surface. That can create opportunities to buy into the business at more reasonable valuations.
Foolish takeaway
Market pullbacks are not always comfortable, but they can create opportunities.
The key, I think, is knowing which businesses you would want to own before prices fall.
For me, CSL, REA Group, and Macquarie are three examples of high-quality ASX shares that I would be happy to buy if the market gave me another chance at a cheaper price.
The post 3 ASX shares I’d buy if the market dropped again appeared first on The Motley Fool Australia.
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More reading
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- Prediction: CSL shares could surpass $265 in 2026
- Are ASX healthcare shares the next to rally?
Motley Fool contributor Grace Alvino has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.