If you’re looking to make some new additions to your portfolio, then I think the three ASX shares named below would be fantastic options.

I believe they are among the best shares available to investors on the Australian share market and could generate strong returns for investors over the next decade.

Here’s why I would give them five stars:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Although its performance over the last couple of years has been a bit shaky, I would still give Domino’s Pizza five stars. This is because I believe the pizza chain operator’s plans have positioned it to deliver strong earnings growth over the next decade. Over the next five years the company is aiming to grow its same store sales by 3% to 6% per annum. It is also aiming to deliver annual organic new store additions of 7% to 9% per annum over the same period. If successful, the combination of the two would result in stellar earnings growth if its margins are maintained.

Pushpay Holdings Group Ltd (ASX: PPH)

Another share that I would give five stars is Pushpay. It is a donor management platform provider for the faith sector. Over the last few years Pushpay has grown its market share in the United States at a rapid rate. This has led to the company reporting very strong revenue growth over the period. For example, in FY 2020 Pushpay reported a 33% increase in revenue to US$127.5 million. And thanks to its operating leverage, the company’s earnings grew at an even quicker rate. The good news is that more of the same is expected in FY 2021, with management forecasting its operating earnings to double. But it won’t be stopping there. Its longer term target is to win a 50% share of the medium to large church market. This represents a US$1 billion revenue opportunity.

SEEK Limited (ASX: SEK)

A final share I would give five stars is SEEK. I think the founder-led job listings giant is a high quality business with the potential to grow materially in the future. This is thanks largely to its international operations and particularly its rapidly growing Zhaopin business in China. I expect this business to play a key role in the company achieving its goal of growing its revenue to $5 billion later this decade. This compares to the revenue of $1,537.3 million it posted in FY 2019.

More reading

• Got $20,000? These are the ASX shares I’d buy during COVID-19
• Have $1,000? You should pick one of these 8 ASX shares
• 3 of the best ASX 200 blue chip shares to buy today
• Where to invest $500 into ASX shares right now
• 2 ASX shares I’d buy in a heartbeat

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited, PUSHPAY FPO NZX, and SEEK 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.

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After a strong start to the shortened week, the S&P/ASX 200 Index (ASX: XJO) gave back its gains and more to end notably lower. The benchmark index fell 2.5% over the period to 5847.8 points.

Not all shares tumbled lower last week. Here’s why these ASX 200 shares defied the market weakness and stormed higher:

The IPH Ltd (ASX: IPH) share price was the best performer on the ASX 200 last week with a gain of 6.6%. This follows the announcement of its acquisition of New Zealand intellectual property firm Baldwins Intellectual Property. IPH will be paying approximately NZ$7.9 million, including deferred consideration of NZ$0.4 million. Baldwins’ FY 2020 EBITDA after normalisation adjustments for partner salaries was approximately NZ$2 million. This news went down well with analysts at Morgans. They upgraded the company’s shares to an add rating with an $8.69 price target

The Mineral Resources Limited (ASX: MIN) share price was some way behind with a gain of 3.8% over the period. This was despite there being no news out of the miner and mining services company. However, given its exposure to iron ore, investors may believe it is well-positioned to profit from the high prices of the steel making ingredient.

The Coca-Cola Amatil Ltd (ASX: CCL) share price was on form last week with a 3.75% gain. Last week the beverage giant held a conference call with analysts at Goldman Sachs. That call revealed that trading conditions remain tough because of the pandemic. And while this led to Goldman retaining its neutral rating, its price target of $9.50 implied decent upside for its shares. This could have been enough for some investors to invest.

The Newcrest Mining Limited (ASX: NCM) share price wasn’t far behind with a gain of 3.6%. This appears to have been driven by the combination of a rise in the gold price and an exploration update. In respect to the latter, the gold miner revealed positive drilling results at Havieron and Red Chris orebodies. Management notes that Havieron returned its best drill result to date and sees real potential to further expand this orebody.

More reading

• Why the Nearmap share price and one other are on my buy list
• Got $20,000? These are the ASX shares I’d buy during COVID-19
• 3 ASX shares I’d buy if the market hits 23 March levels again
• Leading fund manager names 4 ASX stocks set to benefit from a faster re-opening of the Australian economy
• ASX 200 falls 1.9%, big 4 ASX banks retreat

Motley Fool contributor James Mickleboro 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 These were the best performing shares on the ASX 200 last week appeared first on Motley Fool Australia.

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The S&P/ASX 200 Index (ASX: XJO) was out of form last week and tumbled notably lower. The benchmark index lost 2.5% over the shortened week to end at 5847.8 points.

A number of shares on the index fell more than most. Here’s why these ASX 200 shares were the worst performers over the period:

The Unibail-Rodamco-Westfield (ASX: URW) share price was the worst performer on the index last week with a 14.1% decline. On Friday the shopping centre operator was dumped out of the ASX 100 index along with coal miner Whitehaven Coal Ltd (ASX: WHC). They are being replaced with data centre operator NEXTDC Ltd (ASX: NXT) and gold miner Saracen Mineral Holdings Limited (ASX: SAR) in the index from 22 June.

The Estia Health Ltd (ASX: EHE) share price wasn’t far behind with a decline of 13.7% last week. The majority of this decline occurred on Friday when the aged care operator’s shares crashed notably lower. This followed news that it was being kicked out of the ASX 200 index at the next rebalance on 22 June. Though, given the material decline in its share price over the last 12 months, this news shouldn’t have come as a big surprise to investors. Also falling heavily for the same reason was the Mayne Pharma Group Ltd (ASX: MYX) share price.

The Southern Cross Media Group Ltd (ASX: SXL) share price was out of form last week and fell 13%. This was despite there being no news out of the media company. However, with its shares up a massive 70% in May, there could have been some profit taking happening last week. Southern Cross Media’s shares are still down 86% from their 52-week high.

The Orocobre Limited (ASX: ORE) share price dropped a sizeable 12.9% lower last week. Investors have been selling the lithium miners after the price of the battery making ingredient sank lower again in 2020. Unfortunately, with demand remaining extremely subdued, a rebound in prices looks unlikely to happen in the near term.

More reading

• ASX 200 falls 1.9%, big 4 ASX banks retreat
• ASX 200 down 2.2%: Westpac tumbles, TPG reveals special dividend plans
• Estia Health share price tumbles after being cut from the ASX 200
• S&P quarterly rebalance: A2 Milk added to ASX 50 & NEXTDC in the ASX 100
• ASX 200 Weekly Wrap: ASX bulls crash through 6,000 points

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. 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.

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