These are the ASX blue chips I'd buy today

If I were buying ASX blue chips, these are the ones that I'd buy today including infrastructure stock APA Group (ASX:APA).

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There are plenty of ASX blue chips which are industry leaders. A 'blue chip' doesn't have to mean a resource business, a bank or a telco.

These are the ASX blue chips I'd buy today to beat the ASX 200 (ASX: XJO):

A2 Milk Company Ltd (ASX: A2M), Aristocrat Leisure Limited (ASX: ALL), Amcor Plc (ASX: AMC), APA Group (ASX: APA), Cleanaway Waste Management Ltd (ASX: CWY), Brickworks Limited (ASX: BKW), InvoCare Limited (ASX: IVC), Nearmap Ltd (ASX: NEA), Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), Tassal Group Limited (ASX: TGR) and Webjet Limited (ASX: WEB).

There are a few shares that I'd wait to see how the coronavirus situation develops, there's no harm in waiting. To add a few more comments about a few of the shares:

Amcor

Amcor has completed the merger with Bemis. The combined business can now work on the expected synergies and grow the packaging juggernaut. The slowdown of the trade war between the US and China is occurring just at the right time for Amcor to kick on.

It's hard to find growing businesses that are trading at good value. Amcor is trading at just 16x FY21's estimated earnings with a projected FY21 dividend yield of 4.5%.

APA Group

APA owns a huge network of gas pipelines around Australia. It also has investments in gas storage, gas energy generation and renewable energy.

The Prime Minister recently commented that gas will be a key part of Australia's energy mix in the future, so APA is well placed to benefit from this long-term focus on gas.

Brickworks

Australia's rapidly rising house prices are putting energy back into the construction sector, which should be very useful for Brickworks' building products division in Australia.

Over the longer-term I think its US building products division, its industrial property trust and its investment in Soul Patts will all likely lead to Brickworks beating the ASX 200 over the next five years.

Nearmap

The Nearmap share price has been crunched over 30% at the time of writing, which is very painful.

Nearmap is not the typical type of share that I'd look at, but sometimes these smaller growth shares can be oversold on short-term concerns and be good contrarian ideas as long as further downgrades don't occur. The company is still predicting growth for FY20 and the longer-term.

Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Amcor Limited, Brickworks, InvoCare Limited, and Webjet 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.

More on ⏸️ ASX Shares

a woman wearing a close-sitting hat featuring wires and thick computer screen glasses clutches her computer monitor and looks shocked and disturbed as she reads old-fashioned computer text from the screen.
Technology Shares

Here's why ASX 200 tech shares (ASX:XTX) outperformed today

ASX tech shares have taken a turn for the better today.

Read more »

Worker in hard hat looks puzzled with one hand on chin
Resources Shares

Why did the Rio Tinto share price (ASX:RIO) have such a lousy 2021?

We look at what happened to this ASX 200 mining giant's shares last year

Read more »

a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.
Share Gainers

Here's why the Rumble Resources (ASX:RTR) share price is climbing 5%

The mineral explorer's share price is on the rise amid promising drill results.

Read more »

share price high, all time record, record share price, highest, price rise, increase, up,
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Wednesday

Here are your top 10 biggest gainers in the ASX 200 on Wednesday.

Read more »

comical investor reading documents and surrounded by calculators
⏸️ ASX Shares

The ASX reporting wrap-up: WiseTech, Bravura, Seven Group

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday...

Read more »

Doctor performing an ultrasound on pregnant woman
⏸️ ASX Shares

The ASX reporting wrap-up: Ansell, Kogan, Nanosonics

Just what the investor ordered. Here’s a recap of the companies that reported on Tuesday...

Read more »

blue arrows representing a rising share price ASX 200
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Tuesday

Here are your top 10 biggest gainers in the ASX 200 on Tuesday.

Read more »

unhappy investor considering computer screen
Share Market News

The ASX reporting wrap-up: Charter Hall, Ampol, NIB Holdings

Just what the investor ordered. Here’s a recap of the companies that reported on Monday...

Read more »