Earlier today I looked at three small cap shares which I think could have bright futures ahead of them.
As not everyone is able to invest in small cap shares due to their high risk nature, I thought I would take a look at some quality blue chip shares which would be suitable for most investors.
Three of my favourite blue chip shares are as follows:
Cochlear Limited (ASX: COH)
I think Cochlear is a great company to consider investing in this month with a long term view. Whilst the leading global hearing solutions company's shares may trade at a premium to the market average, I believe its exposure to the ageing population tailwind means it is well-placed to deliver strong earnings growth over the next decade that justifies this premium. This is because as people age, their hearing will invariably fade and require some level of assistance. As Cochlear's products are amongst the best on the market and the company has a global distribution network, I expect it to benefit from the growth in demand.
Coles Group Ltd (ASX: COL)
One of my favourite blue chip shares on the Australian market would have to be this supermarket giant. The reason for this is that I believe the company is well-positioned to grow its bottom line and dividends at a solid rate over the next decade thanks to its strong market position, store expansion opportunities, focus on automation, and rational competition.
SEEK Limited (ASX: SEK)
Another top blue chip share to consider buying is this job listings giant. At present SEEK is investing heavily in future growth opportunities, which means that profit growth this year will be non-existent. Whilst this means that there may be some short term pain, I think investors should look beyond this and focus on the long-term gain that these investments are likely to create.
