We are now in mid-October and the S & P / ASX 200 Index (ASX: XJO) continues to increase towards summer 2021. That means I have my eye on a few ASX stocks that I think may shine over the next 3 to 6 months.
I would buy 3 ASX shares for summer 2021
For me the first taxi is of the rank Sydney Airport Holdings Pty Ltd. (ASX: SYD). I think Sydney Airport stocks are worth a look as restrictions across the country ease and a New Zealand travel bubble may come into play.
It’s been a tough year for investors as the Sydney Airport share price fell 28.5% in 2020 (at the time of writing). It might turn a corner though, and I like the infrastructure group’s prospects for the summer.
Pointsbet Holdings Ltd. (ASX: PBH) is also on my summer watch list. The ASX stake share is up 142.1% this year thanks to the surge in online gambling during the coronavirus pandemic.
Pointsbet is expected to announce its first quarter results next Tuesday and I will be watching closely for signs of further growth. The betting group continues to sign lucrative partnerships in the United States, which supports future growth.
Add to this a summer of sports and Australia’s Spring Carnival, and I think the Pointsbet stock price is worth a look.
In the end, Woolworths Group Ltd. (ASX: WOW) is on my potential buy list. I think relaxed restrictions and summer conditions could be good for Woolworth’s liquor stores.
The price of Woolworths shares lagged behind those of ASX supermarkets Coles Group Ltd. (ASX: COL) in March for its pub business. COVID-19 restrictions hampered trade and reduced the profitability of the conglomerate.
With the hospitality sector coming back to life and social engagement back on the agenda, I think the liquor companies could do a decent trade.
Stupid takeaway
These are just a few ASX stocks that I liked this summer. There are plenty of bargains I’ll keep an eye out for in the troubled market we’re seeing right now.
Forget what just happened. We believe this stock could be Australia’s next MONSTER IPO …
A little-known Australian IPO has doubled since January, and renowned Australian moonshot stock picker Anirban Mahanti sees a potential millionaire waiting …
With ‘Doc’ Mahanti believing this fast growing company has all the hallmarks of real moonshot potential, forget ‘buy now, pay later’, this stock could be the next hot stock on the ASX.
See how you can find out the name of this stock
Returns from October 6, 2020
These were the details of the news 3 ASX Stocks I Would Buy for Summer 2021 // Motley... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at de24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
