This afternoon the Reserve Bank will make a decision on the cash rate. While there is speculation that rates could go to zero today, I’m not overly convinced this will be the case.

However, what I am convinced about, is that rates will remain at ultra low levels for a long time to come.

In light of this, if I had $5,000 in a savings account and no immediate use for it, I would invest it into the share market.

Three top ASX 200 shares I would buy right now with these funds are named below:

Appen Ltd (ASX: APX)

Appen is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI). It has a team of over one million crowd-sourced experts preparing the data for the models of some of the world’s biggest tech companies. This is a vital part of the process and demand for its services is growing very strongly. And given the importance of AI and machine learning for big business, I expect this to be the case for a long time to come. In light of this, I believe Appen is well-placed to deliver strong earnings growth over the next decade.

Aristocrat Leisure Limited (ASX: ALL)

The Aristocrat Leisure share price has fallen heavily this year because of the pandemic. While its performance has inevitably been impacted by the crisis, I believe the selloff has been overdone. Especially given how I expect the gaming technology company to bounce back strongly when the crisis passes. This is due to its industry-leading poker machines and its growing digital business. The latter is experiencing very favourable tailwinds right now and is generating material recurring revenues.

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a growing financial technology company which offers a range of solutions to the wealth management and funds administration industries. While the company has a number of products in its portfolio, I’m most positive on the Sonata wealth management platform. This next generation wealth management platform has been a key driver of Bravura Solutions’ growth over the last few years. The good news is that I expect more of the same in the future thanks to it sizeable market opportunity.

More reading

• 3 ASX 200 resources shares to buy today
• 5 things to watch on the ASX 200 on Tuesday
• 3 ASX 200 tech shares to buy and hold beyond 2025
• Why Woolworths shares are offering a rare buying opportunity today
• In your 50s? Here are the 2 best ASX 200 shares to buy now

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 Bravura Solutions Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Bravura Solutions 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.

The post Where to invest $5,000 into ASX 200 shares immediately appeared first on Motley Fool Australia.

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There are some great value ASX 200 resources shares to buy right now. The S&P/ASX 200 Index (ASX: XJO) is down 12.94% in 2020 but the Aussie resources sector has so far underperformed the benchmark index. 

It takes a savvy investor to sniff out value in such a complicated industry. For instance, you have to work out if ASX gold shares are better than iron ore shares. 

While the Alumina Limited (ASX: AWC) share price is down 33.91% this year, others like Newcrest Mining Limited (ASX: NCM) have climbed higher.

So, where are the best value Aussie mining shares right now?

3 ASX 200 resources shares to buy today

Speaking of Newcrest, I think it could be in the buy zone. The Aussie gold miner’s shares are up 4.11% this year and could be climbing higher.

Investors are certainly bullish on the ASX 200 resources share. I’m not a big gold investor myself but Newcrest is certainly outperforming. If global gold prices remain high, the Newcrest share price could be one to watch.

But it’s not the only ASX gold miner that’s potentially in the buy zone right now. I think St Barbara Ltd (ASX: SBM) is worth watching this year. The Aussie gold miner’s shares have surged 17.75% in 2020 thanks to high commodity prices.

I also think some of the large ASX miners could be undervalued. 

BHP Group Ltd (ASX: BHP) is one that I’ve got my eye on. BHP shares have been making a steady recovery in recent weeks but are still down by 8.79% in 2020.

If we see iron ore prices continue to climb, BHP could be a bargain at $35.71 per share. The Aussie miner is far from a safe bet, but it does boast a $169.1 billion market capitalisation.

Foolish takeaway

There are a number of ASX 200 resources shares that could be undervalued in 2020. I think buying into the sector is a speculative play, but could be a valuable addition to a well-diversified portfolio.

More reading

• Where to invest $5,000 into ASX 200 shares immediately
• 5 things to watch on the ASX 200 on Tuesday
• 3 ASX 200 tech shares to buy and hold beyond 2025
• Why Woolworths shares are offering a rare buying opportunity today
• In your 50s? Here are the 2 best ASX 200 shares to buy now

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

The post 3 ASX 200 resources shares to buy today appeared first on Motley Fool Australia.

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On Monday the S&P/ASX 200 Index (ASX: XJO) was on form and charged notably higher.

While a good number of ASX shares pushed higher with the market, some climbed so strongly they hit multi-year highs or better.

Three ASX shares that achieved this milestone are listed below. Here’s why they are flying high right now:

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price continued its positive run and hit an all-time high of $8.22 on Monday. When the leading computer hardware and software distributor’s shares hit that level, it meant they were up 66% in 12 months. Investors have been buying the company’s shares after its strong performance in FY 2019 and even stronger start to FY 2020 despite the pandemic. Dicker Data recently revealed that its first quarter profits grew 36.3% on the prior corresponding period to $18.4 million. Pleasingly, it appears confident this strong form can continue. The company revealed that it intends to lift its fully franked dividend by 31% to 35.5 cents per share this year.

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price was on form again and raced to a record high of $14.80. Investors have been fighting to get hold of the iron ore producer’s shares after the price of the steel making ingredient surged higher over the last 12 months. This has been driven largely by supply disruptions and robust demand. The spot iron ore price is currently trading above US$100 a tonne. This leaves Fortescue in a very strong position to profit greatly thanks to its low costs and improving production grades.

Zoono Group Ltd (ASX: ZNO)

The Zoono share price hit a multi-year high of $2.48 on Monday. This biotech company’s shares have been strong performers during the pandemic. This is due to the increasing demand it is experiencing for its surface and hand sanitisers. Demand has been so strong the company reported third quarter revenue of NZ$15.7 million, which was up from just NZ$1.75 million during the entire first half. The big question will be whether this level of sales can be maintained once the crisis passes. Investors appear to be betting that this is the new normal and hand sanitation has changed forever.

More reading

• Why you might want to own ASX mining shares in 2020
• 5 winning ASX dividend shares to buy in June
• How our richest Australians are getting richer
• 3 ASX biotech shares that have soared higher today
• Why Austal, CSL, Fortescue, & Star shares are charging higher today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. 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.

The post These ASX shares just zoomed to multi-year highs appeared first on Motley Fool Australia.

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