Where to invest $10,000 in ASX 200 shares this month

MotleyFool
02 Jun

With June kicking off, it could be the perfect time for Aussie investors to look at where the opportunities lie across the ASX 200.

If you are lucky enough to have $10,000 ready to invest, then the ASX 200 shares in this article could be worth considering.

That's because they are high-quality, offer plenty of upside, and have been named as buys by brokers. Here's what you need to know about them:

ResMed Inc. (ASX: RMD)

The first ASX 200 share to look at for a $10,000 investment is ResMed. It is arguably one of the ASX's best global healthcare plays.

ResMed is a market leader in sleep disorder treatments, with a global footprint and a growing digital health ecosystem.

Its recurring revenue streams, high margins, huge addressable market, and global tailwinds give it plenty of room to grow. In addition, its strong brand, world-class technology, and scale give it a solid foundation to stay ahead of the curve.

Goldman Sachs currently rates ResMed as a conviction buy with a $49.30 price target.

Web Travel Group Ltd (ASX: WEB)

Web Travel Group, which spun off its Webjet Group Ltd (ASX: WJL) business late last year, is a pure-play global B2B travel platform under the WebBeds brand.

WebBeds is a marketplace that connects travel agents, tour operators, and other businesses with hotels and ground services.

The stock has been under pressure over the past 12 months, but with revenue margins stabilising and the company growing quicker than its industry, Web Travel Group could be a hidden gem for investors looking to tap into the global travel rebound.

Macquarie Group Ltd (ASX: MQG) certainly thinks this is the case. It is bullish on the company's outlook and recently upgraded its rating on its shares to outperform with a $6.19 target price. The key reason? Confidence in WebBeds hitting its $10 billion Total Transaction Value (TTV) target by FY 2030.

Woolworths Group Ltd (ASX: WOW)

Finally, for investors wanting stability, Woolworths could be a core holding. As Australia's largest supermarket chain, this ASX 200 share has a defensive business model that can withstand economic ups and downs.

In addition, its strong brand, large customer base, and ongoing investment in digital capabilities position it well for the future.

It is partly for this reason that Goldman Sachs rates the company so highly. It currently has a buy rating and $36.50 price target on its shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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