3 safe and strong ASX 50 shares to buy right now

I think investors ought to consider buying Cochlear Limited (ASX: COH) and these safe and strong ASX 50 shares right now. Here's why…

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The S&P/ASX 50 index is home to 50 of the largest and most liquid shares listed on the ASX by float-adjusted market capitalisation.

While this doesn't necessarily mean that they are the best shares to invest in, there are a number on this index that I believe would be safe and strong options for investors.

Three that tick a lot of boxes for me are listed below:

BHP Group Ltd (ASX: BHP)

The first ASX 50 share I would consider buying is BHP. I believe it is the highest quality option in the resources sector due to its diverse, low cost, and world class operations. In addition to this, with the prices of many of the key commodities it produces remaining favourable, I believe BHP is well-positioned to deliver strong results in both FY 2020 and FY 2021. In light of this, I think the risk/reward on offer with its shares at the current level is compelling.

Cochlear Limited (ASX: COH)

Another  ASX 50 share which I would consider buying is Cochlear. It is a hearing solutions company which specialises in cochlear implantable devices. Given that its products are among the best in their class, I believe Cochlear is well-positioned for growth over the long term due to an expected increase in demand as populations age. The WHO estimates that there will be 1.5 billion people over the aged of 65 by 2050. This will be almost triple the number of over 65s globally 2010.

Transurban Group (ASX: TCL)

A final ASX 50 share to consider is Transurban. It is a toll road operator with a number of key roads in Australia and North America. Its performance is likely to underwhelm in the immediate term due to a collapse in traffic during the pandemic. However, with things now normalising, I believe it could be a great time to consider a long term and patient investment.

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 Cochlear Ltd. The Motley Fool Australia owns shares of Transurban Group. The Motley Fool Australia has recommended Cochlear 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.

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