Why I think BHP, CBA, and DroneShield shares are buys in April

As we move through April, I think investors are in an attractive position.

Markets have pulled back, potentially creating opportunities to pick up shares in quality companies at a discount to what people were willing to pay only recently.

Here are three popular ASX shares that I’d buy this month.

BHP Group Ltd (ASX: BHP)

When I look at BHP, I see a company that is closely tied to some of the biggest long-term trends in the global economy.

Copper demand is one of the clearest examples. Electrification, renewable energy, and infrastructure all require large amounts of copper, and I think that demand could remain strong for many years.

BHP also offers exposure to iron ore, which continues to underpin its earnings today, as well as longer-term projects like potash that could diversify future growth.

What makes BHP appealing to me right now is the balance. It is not just a growth story. It is also an income-generating business that can return capital to shareholders through the cycle.

In a market where uncertainty is rising again, I think that combination of income and long-term exposure to global demand is hard to ignore.

Commonwealth Bank of Australia (ASX: CBA)

Commonwealth Bank is often described as expensive. And I think that is fair.

But I also think there is a reason it continues to trade at a premium. CBA has consistently delivered strong returns, supported by its scale, brand strength, and leading position in the Australian banking system.

Even in a higher interest rate environment, it has shown an ability to maintain margins and generate reliable earnings.

For me, this is less about finding a bargain and more about owning quality. If I were building or adding to a long-term portfolio in April, I would still consider CBA shares because of its consistency and resilience.

It may not be the fastest grower, but it is one of the most dependable.

DroneShield Ltd (ASX: DRO)

DroneShield sits at the opposite end of the spectrum. This is not a mature, steady business. It is a company operating in a rapidly evolving industry with significant potential.

What stands out to me is how quickly the business has scaled. In FY25, the company delivered around $260 million in revenue, roughly four times higher than the previous year, while also achieving profitability.

At the same time, its sales pipeline has grown to around $2.3 billion across nearly 300 deals, which suggests a large opportunity set ahead.

I also find the broader industry backdrop compelling. Counter-drone technology is still in its early stages, with adoption across both military and civilian markets expected to expand over time. The company itself points to a very large addressable market and increasing global demand for these solutions.

Of course, this kind of growth story comes with more risk.

But I think that is part of the appeal. In a diversified portfolio, DroneShield shares could provide exposure to a theme that is very different from traditional sectors.

Foolish takeaway

I think combining these types of ASX shares in a portfolio can make a lot of sense for long-term investors.

BHP offers exposure to global growth and commodities, CBA provides stability and income, and DroneShield brings higher-risk, higher-potential growth tied to a rapidly evolving industry.

The post Why I think BHP, CBA, and DroneShield shares are buys in April appeared first on The Motley Fool Australia.

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• BHP shares just dropped — is this your chance to buy the dip?
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• Why now could be the time to buy these popular ASX ETFs
• How did these ASX blue-chip shares perform in March?

Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia and DroneShield. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and is short shares of DroneShield. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.