When building a diverse investment portfolio, including some top ASX blue chip stocks can offer stability and growth potential. Here are three blue-chip stocks currently highlighted as promising options:
Goodman Group (ASX: GMG)
Goodman Group, a global leader in industrial property and digital infrastructure, stands out as a noteworthy choice. The company specializes in owning, developing, and managing high-quality, sustainable properties essential for the digital economy. Goodman Group's strong track record in these areas contributes to its positive outlook.
The company's shares have shown strong performance and are considered to have substantial growth potential. The current share price of $33.80 reflects an opportunity for significant upside, with forecasts suggesting that the share price could rise by more than 18% over the next 12 months.
Qantas Airways Limited (ASX: ASX:QAN)
Qantas Airways, Australia's flagship airline, has captured attention for its potential value. Despite the challenging environment faced by the airline industry, Qantas is recognized for its robust earnings and competitive positioning. The airline's shares are currently trading at a notable discount compared to regional and international peers, presenting a potential opportunity for future growth.
With the current share price at $5.97, there is a strong expectation that the stock could see a 35% increase over the next year, as Qantas continues to deliver earnings above pre-pandemic levels.
Woolworths Limited (ASX: WOW)
Woolworths, Australia's largest supermarket chain, is another key blue-chip stock to consider. The company, which also owns Big W and operates a growing pet care business, benefits from its strong market position and extensive loyalty program. These factors contribute to its potential for market share gains and continued success.
Currently, Woolworths shares are priced at $33.81, with expectations of nearly a 19% increase in the share price over the coming year, driven by its industry leadership and omni-channel strategy.
These ASX 200 blue chips offer diverse strengths and growth potential, making them notable considerations for a well-rounded investment portfolio.