The best ASX shares to buy in January 2025

We've picked out 9 best ASX stocks worth adding to your watch list for the year ahead.

Important note

Unfortunately there's no one magic stock or ETF that's 'best' for everyone. Instead, you should look at your own individual needs and investment strategy to decide what stock is right for you.

Nobody can say for certain which direction a share will go as past performance is no guarantee of future results. So keep in mind these are stock ideas only and should not be taken as personal financial advice.

Looking for the best ASX shares to buy for 2025? We've compiled a list of stocks using an algorithm that considers factors such as price performance, market capitalisation, earnings per share and price-to-earnings ratios.

Stocks to watch in 2025

With all that in mind, it's not easy picking quality stocks. To help identify stock picks for 2025, we used Finder's proprietary algorithm to filter Australia-listed companies that have strong fundamentals.

We take into account positive medium-term price growth, dividends, (low) price volatility, earnings, which might indicate a quality stock that is currently undervalued.

To avoid speculative stocks, we only include companies with a market cap of more than $100 million. We filtered out stocks that have been listed on the ASX for less than 5 years to better compare historical data.

Many of these stocks are market leaders in sectors like mining, resources and banking, with a history of strong dividends and stability.

Again, this doesn't mean these are the best ASX stocks for you or your personal situation. Always do your own research and chat with a professional when in doubt.

How did we pick this list?

Our proprietary algorithm rates ASX-listed stocks based on price performance, earnings and volatility. The companies displayed on this page may not be the best for you and you're encouraged to do your own research. Investments can go up and down and we do not guarantee the performance or returns of any investment.


1. Fortescue (ASX:FMG)

  • Market cap: AUD$54.36 billion
  • 1-year performance: -36.36%
  • 5-year performance: 72.22%


2. Rio Tinto (ASX:RIO)

  • Market cap: AUD$159.54 billion
  • 1-year performance: -12.66%
  • 5-year performance: 15.46%


3. BlueScope Steel (ASX:BSL)

  • Market cap: AUD$8.3 billion
  • 1-year performance: -16.7%
  • 5-year performance: 26.41%


4. McMillan Shakespeare (ASX:MMS)

  • Market cap: AUD$1.08 billion
  • 1-year performance: -4.22%
  • 5-year performance: 15.78%


5. Lycopodium (ASX:LYL)

  • Market cap: AUD$420.45 million
  • 1-year performance: -17.75%
  • 5-year performance: 78.43%


6. Schaffer Corporation (ASX:SFC)

  • Market cap: AUD$286.77 million
  • 1-year performance: 16.22%
  • 5-year performance: 42.38%


7. ANZ Group Holdings (ASX:ANZ)

  • Market cap: AUD$87.19 billion
  • 1-year performance: 13%
  • 5-year performance: 16.61%


8. QBE Insurance Group (ASX:QBE)

  • Market cap: AUD$29.36 billion
  • 1-year performance: 33.58%
  • 5-year performance: 51%


9. Pacific Current Group (ASX:PAC)

  • Market cap: AUD$619.06 million
  • 1-year performance: 37.51%
  • 5-year performance: 90.66%


Icon to represent comparison of share trading
Did you know?
You could save $1,046 a year on average in brokerage fees by switching to a more suitable online broker, according to Finder research. You might even save money by having more than one platform, especially if you are investing both in Australia and internationally.

Buy ASX stocks through a broker

Name Product AUFST Price per trade Inactivity fee Asset class International
eToro logo
US$2
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
CFD service. Capital at risk.
Trade stocks, commodities and currencies from the one account and get access to social trading.
Tiger Brokers
Finder AwardExclusive
Tiger Brokers logo
US$1.99
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Finder exclusive: Get 4 brokerage-free trades and pay no FX fees on the first $2,000 you exchange each month + plus get an $80 cash voucher when you deposit up to $2,000. T&Cs apply.
Trade US, Asian and CHESS-sponsored ASX stocks and US options.
Moomoo logo
US$0.99
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Finder exclusive: Unlock up to AUD$4,000 AND US$4,000 in $0 brokerage over 60 days. T&Cs apply.
Trade US, Asian and CHESS-sponsored ASX stocks and get access to social trading.
Superhero logo
$2
$0
ASX shares, US shares, ETFs
Yes
Sign up with code ‘finder25’ and get US$10 of Nvidia stock when you fund your account with $100 or more within 30 days. T&Cs apply.
Enjoy US$2 brokerage (other fees may apply) on US stocks and buying ETFs as well as $2 fee to trade Australian shares up to $20,000.
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Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

How to pick stocks

There's no single winning strategy to filter "good stocks" because the most important consideration is your own circumstances. Besides, the best ASX stocks are those that perform well in the future. And if the last few years has taught us anything, markets can defy expectations.

But that doesn't mean you shouldn't do your homework. Whether you care more about short-term capital gains or long-term dividend growth, it's important to know whether a stock is performing well, making a profit, paying dividends or going backwards.

Stock themes for 2025

Unless you have a crystal ball, it's impossible to say what the rest of the year (and beyond) will look like. But there are some big themes that are currently driving the market in 2025:

  • The weak Australian dollar
  • The risk of recession in the US, Australia and elsewhere
  • The impact of Trump's economic policies
  • If and when interest rates drop
  • Whether the stock market corrects after years of strong growth
Dale Gillham's headshot
Expert insight: Using a stock picking strategy

"Holding a concentrated portfolio containing some of the biggest stocks in the market place has shown to outperform index tracking ETFs and funds."

Chief analyst, Wealth Within

VIDEO: How to analyse stocks

What's been happening in the market?

The past couple of years have been marked as some of the most volatile periods in stock market history. This volatility was largely driven by persistent inflation, rising interest rates, and soaring commodity prices, significantly influenced by the geopolitical tensions and conflicts across different regions.

Interestingly, this period saw a unique trend where bad economic news, such as a slowdown in GDP or a rise in unemployment, was often viewed positively by investors as potential indicators of peaking inflation.

As a result, both the US and Australian stock markets have enjoyed strong growth since 2022. In 2024, the S&P 500 rose 23.31%, while the ASX 200 rose 11.44% (including dividends).

Key attributes to consider in 2025

While inflation has eased, it remains a concern of central banks around the world in 2025. Interest rates have remained high in Australia, while the US eased rates slightly but warned of stubborn inflation.

The US, Australian and other global stock markets have enjoyed growth over the last few years, but some experts warn of a potential slowdown in 20252, or even a stock market downtrend.3

During ongoing times of uncertainty, certain sectors such as commodities, real estate, and industrials have traditionally been perceived as safe havens. "Store of value" assets like gold therefore enjoyed strong performance in 2024.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances and obtain your own advice before making any trades.


Frequently asked questions

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Written by

Investments analyst

Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs. See full bio

Kylie's expertise
Kylie has written 134 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets

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