While the S&P/ASX 200 Index (ASX: XJO) has seen a partial rebound since its lows in late March, I believe there are still some excellent buying opportunities for investors to purchase quality ASX shares at more favourable share prices.

So with this in mind, here are 2 of my top picks right now:

Bapcor Ltd (ASX: BAP)

Leading second-hand car parts distributor Bapcor saw a sharp decline in its share price in the weeks following the market crash that began in late February. While there has been some recovery in its share price since late March, the Bapcor share price is still well below what it was in mid-February. This provides, in my opinion, a good buying opportunity for patient long-term investors.

Bapcor recently provided a trading update, indicating strong company-wide performance during January and February of 2020, with revenue at the end of February up 12.7% year-to-date over the prior corresponding period. While the company performed solidly in March in Australia, New Zealand was more significantly impacted due to harsher lockdown restrictions.

The company’s fundamentals appear to remain strong, and its current expansion into Thailand looks to be very promising. This should provide the company with a useful launching pad for further expansion into Asia in the years to come.

Bapcor’s balance sheet looks to be very solid after its recent capital raising of $180 million to see it through any prolonged downturn caused by the coronavirus pandemic. Also, as lockdown restrictions now look set to begin to be eased in both Australia and New Zealand, business activity is likely to pick up, which I believe could translate to a further uplift in the Bapcor share price.

SEEK Limited (ASX: SEK)

Between mid-February and late March, shares in online employment classifieds business SEEK fell by around 50%. This came as investors reacted negatively to a sharp fall-off in listing volumes across all its markets. In the company’s ANZ and Asia regions, billings were down by as much as 60% during the week ending 29 March.

While there has been some bounce back since then, the SEEK share price is still down by around 26% since its recent high of $23.64 on 14 February.

With lockdown restrictions set to be eased in Australia in the months ahead, and strong encouragement by the government for Australians to return to work, I feel confident that listing volumes will gradually start to ease higher. New Zealand looks likely to follow a similar road to recovery.

I believe that SEEK remains well-positioned to continue to deliver strong revenue and profitability growth over the next decade, due to its entrenched and market-leading position.

More reading

• 3 ASX shares to buy as a beginner
• Top brokers name 3 ASX 200 shares to sell next week
• Top brokers name 3 ASX 200 shares to buy next week
• What to watch on the ASX 200 next week
• The ASX 200 blue chip shares I would buy with $5,000 after the market crash

Motley Fool contributor Phil Harpur owns shares of Bapcor and SEEK Limited. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia has recommended 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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Once again in 2020 the information technology sector is outperforming the S&P/ASX 200 Index (ASX: XJO).

Since the start of the year, the S&P/ASX 200 information technology index has fallen just 1.8%. This compares to a decline of over 19% by the benchmark ASX 200.

Due to the quality and growth potential of many companies in the tech sector, I expect this outperformance to continue throughout the 2020s.

In light of this, I think having exposure to the tech sector would be a very good thing for a portfolio.

But which tech shares should you buy? Three top tech shares I would buy right now are listed below:

Appen Ltd (ASX: APX)

Appen is the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. It creates the data that goes into the machine learning models of many of the biggest tech companies in the world. Demand for its services has been growing strongly in recent years due to the increasing importance of artificial intelligence for businesses. This certainly was the case in FY 2019, with Appen smashing expectations with a 42% increase in underlying EBITDA to $101 million. Similarly strong growth is expected again this year and, thanks to the expected increase in spending on machine learning and artificial intelligence over the next decade, I feel it is well-placed to continue its strong form for many years to come.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is a fast-growing donor management system provider. The New Zealand-based company’s system includes donor tools, finance tools, and a custom community app which are being used widely in the faith sector in the United States, Canada, Australia, and New Zealand. Demand for its solutions has been growing strongly, even during the coronavirus pandemic. This led to Pushpay delivering a 1,506% increase in EBITDAF to US$25.1 million. The good news is that more strong growth is expected in FY 2021, with management providing guidance for a 91.2% to 107% year on year EBITDAF increase. But it won’t stop there. Pushpay is targeting a 50% share of the medium and large church market in the future. This represents a US$1 billion opportunity and is many times more than the US$127.5 million revenue it posted in FY 2020.

Xero Limited (ASX: XRO)

Another top tech share to consider buying with a long term view is Xero. It is a leading business and accounting software provider which has been growing its market share at a rapid rate over the last few years. This has been driven by the increasing popularity of its high quality software and its expansion globally. The good news is that with less than 20% of the global (English-speaking) addressable market estimated to be using cloud accounting software, it still has a significant runway for growth.

More reading

• What to watch on the ASX 200 next week
• These are the star ASX shares of the week
• These were the best performing ASX 200 shares last week
• Invest your first $10,000 in these cheap ASX shares today
• 3 star ASX shares to buy for the rest of 2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of Appen Ltd and Xero. 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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With the share market still down materially from its highs, I believe there are ample opportunities for investors with a long term focus.

Three top growth shares which I think could be market beaters over the next five years are listed below. Here’s why I would invest $3,000 into them:

Aristocrat Leisure Limited (ASX: ALL)

I think the recent share price weakness experienced by Aristocrat Leisure’s shares has brought it down to a very attractive level for a long term investment. The gaming technology company’s performance this year will inevitably be impacted by the closure of casinos globally because of the pandemic. But once the crisis passes I don’t think it will be long until demand for its poker machines increases again. In the meantime, the company’s Digital business is likely to be benefiting greatly from these closures and lockdowns. In FY 2019 the segment delivered revenue of $1.23 billion and $370 million segment profit from its 7.5 million daily active users.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another good option for investors to consider buying is Domino’s Pizza. Its shares haven’t fared too badly during the pandemic because of the increasing consumption of its pizzas due to restaurant closures and lockdowns. However, they are still trading 14% lower than their 52-week high. I think this could be a buying opportunity due to its positive long term growth outlook. Over the next five years the company is aiming for solid like for like sales growth and the expansion of its global store network by 7% to 9% per annum. Combined, this should lead to strong earnings growth over the period. 

Zip Co Ltd (ASX: Z1P)

Finally, although the Zip Co share price gained almost 50% last week, it is still down 44% from its 52-week high. I think this could be a buying opportunity for investors that are looking for buy and hold options. There had been concerns that Zip Co’s business model might struggle if trading conditions deteriorated materially, but this hasn’t proven to be the case. Last week it revealed that at the height of the pandemic in April, it delivered an 86% jump in monthly transaction volume to $181.6 million. Another big positive was that its net bad debts came in at just 1.99%. I’m optimistic its strong growth can continue for some time to come thanks to new verticals, its international expansion, and the growing popularity of the payment method.

More reading

• These are the star ASX shares of the week
• Federal Government outlines 3-step plan to reopening Australia
• Why ASX payments shares might be the biggest winners of the 2020s
• Afterpay competitor Zip Co rockets higher after reporting 86% increase in April volumes
• Why Harvey Norman, Propel, REA Group, & Zip Co are charging higher

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 ZIPCOLTD FPO. The Motley Fool Australia has recommended Domino’s Pizza Enterprises 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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