In this article, we will take a look at the 5 best ASX stocks to buy now. For a detailed analysis of these companies, go directly to the 10 Best ASX Stocks to Buy Now.
5. Sydney Airport Limited (ASX: SYD.AX)
Sydney Airport Limited (ASX: SYD.AX) is a Sydney-based company founded in 1919 that owns the Sydney Airport and provides aviation-related services in Australia and internationally. It is ranked fifth on our list of 10 best ASX stocks to buy now. Over the past year, Sydney Airport stock has returned close to 5% to investors despite the pandemic crisis. Some of the services offered by the firm include access to terminals, infrastructure, apron parking, and airfield and terminal facilities, as well as commercial space leasing.
Sydney Airport Limited (ASX: SYD.AX) stock is set to surge, just like counterparts in the US, as international travel resumes with the rollout of the COVID-19 vaccine. American Airlines Group Inc. (NASDAQ: AAL) is another good option for the post pandemic economy.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in American Airlines Group Inc. (NASDAQ: AAL) with 13.5 million shares worth more than $324 million.