Top 5 ASX Stocks to Watch This Month: Where the Momentum Is Building

asx stocks to watch

The Australian stock market is buzzing with activity this month—and for good reason.

As tech innovation accelerates, healthcare evolves, and energy markets stabilize, the ASX market trends are revealing fresh opportunities. Whether you’re a portfolio veteran or just dipping your toes into investing, staying informed on the top ASX stocks with strong fundamentals and momentum is key to staying ahead.

This month, five companies are rising to the top based on recent performance, sector momentum, and investor sentiment. These are your ASX stocks to watch—and potentially ride the wave with.

1. NextDC (ASX: NXT)

Powering the AI and Cloud Revolution

As the demand for cloud storage and AI computing soars, so does the need for powerful, scalable infrastructure. Enter NextDC—Australia’s leading data center provider.

Key Financials – FY24:

  • Revenue: $404.34 million (+11.58% YoY)
  • EBITDA: $196.20 million (up from $132.59 million in 2021)

The company is aggressively expanding facilities in Sydney and Melbourne, and forward bookings are already building up. AI workloads and digital transformation trends are expected to explode in the coming years—and NextDC is positioned right at the heart of this growth.

Why It’s a Trending Share:

Accelerating demand for AI data centers

Strategic location and capacity expansion

Double-digit revenue growth guidance

If you’re watching ASX stocks to watch in the tech sector, NXT is a front-runner backed by infrastructure demand and future-ready innovation.

2. Breville Group (ASX: BRG)

Premium Appliances with Global Appeal

From coffee machines to smart cookers, Breville has carved out a niche in the high-end home appliance market. Operating in over 70 countries, the company has become a household name—literally.

Financial Highlights – H1 FY25:

  • Revenue: $997.52 million (+10% YoY)
  • EBITDA: $177.59 million (+11.5%)
  • Net Income: $97.52 million (+16%)

Sales momentum in the US and Europe offset softer Australian demand, and new launches in smart kitchen tech are expanding its digital presence. Breville is also investing heavily in direct-to-consumer platforms, creating long-term brand loyalty.

  • Why It’s a Stock to Watch:
  • Strong international footprint
  • Product innovation in connected appliances
  • Margin expansion through operational efficiency

Among stocks to watch in the consumer segment, BRG’s blend of tech, branding, and global scale stands out.

3.  Woodside Energy (ASX: WDS)

Steady Cash Flows, Future-Facing Energy Strategy

Woodside Energy, Australia’s largest oil & gas company, continues to shine as a steady performer. As global LNG demand remains strong and oil prices stay firm, Woodside is delivering both income and growth.

H2 FY24 Snapshot:

Revenue: $12.11 billion

EBITDA: $9.00 billion (+28%)

Dividend: $0.849/share (7.41% yield)

P/E Ratio: 8.90

Its Scarborough gas project is a game-changer, slated to boost output significantly. Meanwhile, the company is making calculated moves into hydrogen and carbon capture, signaling commitment to the energy transition.

Why WDS Is Among the ASX Market Trends:

Stable dividends + high free cash flow

Strong exposure to global energy markets

Low valuation compared to peers

If you’re hunting ASX stocks to watch in the energy space, WDS remains one of the most compelling trending shares for long-term investors.

4. Pro Medicus (ASX: PME)

MedTech with Global Demand and AI Edge

Pro Medicus is a digital imaging software leader for hospitals and radiology clinics, serving both domestic and global clients. With increasing reliance on AI for diagnostics, PME is at the forefront of this healthcare revolution.

H1 FY25 Highlights:

  • Revenue: $97.19 million (+31.14% YoY)
  • Net Income: $51.74 million (+42.74%)
  • Dividend: $0.25/share

Major contracts in North America and a strong push in AI-enhanced radiology solutions continue to position PME as a dominant force in medtech. With high profit margins and zero debt, the fundamentals look solid.

Why Investors Are Watching PME:

AI-powered healthcare applications

Growing international footprint

High recurring revenue model

If you’re following ASX analysis in the healthcare tech space, Pro Medicus is not just a trend—it’s a long-term disruptor.

5. WiseTech Global (ASX: WTC)

The Brains Behind Supply Chain Digitization

As logistics move digital, WiseTech Global is turning that transformation into revenue. Its CargoWise platform supports over 12,000 customers, including top freight forwarders and logistics players.

H1 FY25 Results:

  • Revenue: $576.38 million (+15%)
  • Net Income: $161 million (+36.18%)
  • Dividend: $0.106/share

WiseTech continues to invest in AI-driven tracking, warehousing automation, and customs integration. Management raised forward guidance again—fueled by strong platform expansion and subscription growth.

Why WTC Is a Trending Share to Watch:

Global supply chain modernization

High-margin SaaS model

Consistent revenue growth

If you’re looking for ASX stocks to watch in tech with global exposure, WTC offers both resilience and growth.

Final Thoughts: Focus, Fundamentals & Forward Thinking

This month’s ASX stocks to watch reflect a broad spectrum of Australia’s economic strengths—from cutting-edge tech and medtech to energy and global consumer brands. Each of these five companies is navigating its space with purpose, backed by data, strategic investments, and compelling earnings growth.

The common thread? They are riding larger ASX market trends that are reshaping industries: automation, digital infrastructure, clean energy, premium consumerism, and AI-powered healthcare.

Whether you’re building a diversified portfolio or focusing on high-growth sectors, these are the stocks to watch in June. Stay sharp, stay informed—and may your next investment decision be a smart one.

Disclaimer:

General Financial Product Advice and Regulatory Framework: Pristine Gaze Pty Ltd (ABN 66 680 815 678, ACN 680 815 678) operates as Corporate Authorised Representative (CAR No. 001312049) of Alpha Securities Pty Ltd (AFSL 330757), which is licensed and regulated by the Australian Securities and Investments Commission under the Corporations Act 2001 (Cth). This report contains general financial product advice only and has been prepared without consideration of your personal objectives, financial situation, specific needs, circumstances, or investment experience. The information is not tailored to individual circumstances and may not be suitable for your particular situation. Before acting on any information contained herein, you should carefully consider its appropriateness having regard to your personal objectives, financial situation, and needs, and consider seeking personal financial advice from a qualified financial adviser who can assess your individual circumstances and provide tailored recommendations.

Investment Risks and Market Warnings: All investments carry significant risk, and different investment strategies may carry varying levels of risk exposure including total loss of invested capital. The value of investments and income derived from them can fluctuate significantly due to market conditions, economic factors, company-specific events, regulatory changes, commodity price volatility, currency fluctuations, interest rate movements, and other factors beyond our control. Securities markets are subject to market risk from general economic conditions and investor sentiment, liquidity risk affecting the ability to buy or sell securities at desired prices, credit risk from issuer default or deterioration, operational risk from inadequate internal processes, sector-specific risks including industry regulatory changes, technology obsolescence, management changes, competitive pressures, supply chain disruptions, and mining-specific risks including resource estimation uncertainty, operational hazards, environmental compliance, permitting delays, commodity price cycles, geopolitical factors affecting mining operations, and exploration risks. Small-cap and speculative mining stocks carry additional risks including limited liquidity, higher volatility, dependence on key personnel, limited operating history, uncertain cash flows, and potential failure to achieve commercial production.

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