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.
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.
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Returns from October 6, 2020
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