Top ASX Stock Picks for May: Betashares, WiseTech, and Xero Insights

May 01, 2025 06:43 PM AEST | By Team Kalkine Media

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Top ASX Stock Picks for May: Betashares, WiseTech, and Xero Insights — Image source: Shutterstock

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Highlights:

Betashares Nasdaq 100 ETF (ASX:NDQ) offers access to leading global tech companies.

WiseTech Global Ltd (ASX:WTC) continues to be a major player in the logistics tech sector.

Xero Ltd (ASX:XRO) focuses on global growth and margin improvement in the cloud accounting space.

The Betashares Nasdaq 100 ETF (ASX:NDQ) offers exposure to a wide range of influential non-financial companies from the Nasdaq index. This fund includes some of the largest tech companies globally, such as Apple, Microsoft, and Tesla. These companies are pioneers in the fields of artificial intelligence, cloud computing, and electric vehicles. Although the performance of tech stocks may have fluctuated recently, the long-term growth drivers in these sectors remain intact.

WiseTech Global Ltd (ASX:WTC)
WiseTech Global (ASX:WTC) operates within the logistics technology sector, developing software solutions like CargoWise for freight forwarders and supply chain operators. As global trade complexity increases, the demand for WiseTech’s products continues to grow. The company has a history of organic growth, complemented by strategic acquisitions. With its innovative approach, WiseTech has established itself as a leader in global logistics software, and its continued growth is closely tied to the expansion of the global logistics network.

Xero Ltd (ASX:XRO)
Xero Ltd (ASX:XRO) provides cloud-based accounting solutions, with millions of small businesses relying on its platform worldwide. After a period of focusing on expansion, Xero has shifted its strategy towards improving operational efficiency and profitability. This transition has led to better margins and consistent subscriber growth, particularly in markets outside of Australia and New Zealand. Xero continues to grow its market share, with a substantial addressable market still available, ensuring a broad runway for further expansion.

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