While some investors want to limit their level of assumed risk on the stock market, others are more than willing to step more out in the open in the hope of recognising far greater returns. Although it is still vital that these investors build their portfolios upon a solid foundation, they should be looking for stocks which offer enormous growth potential.
With that in mind, here are four stocks that the more aggressive investor could consider buying today…
- Nearmap Ltd (ASX: NEA) jumped earlier in the week on news that it is officially expanding its operations into the promising U.S. market. The company provides ultra-high resolution aerial photographs which are already proving incredibly useful across various industries in the Aussie market, including insurance, construction and real estate. Shares are currently trading hands at 54 cents but could climb much, much higher over the coming years. I own the stock already and am strongly considering buying more.
- Greencross Limited (ASX: GXL) has been on my radar for quite some time now, and its recent fall in price certainly has me tempted. The company is a leading provider of veterinary services in Australia with an estimated 7.5% share of the local market (although it is striving for 20% market dominance). The shares are trading at $9.25, which is down from their recent high at $10.78.
- Shine Corporate Ltd (ASX: SHJ) is a junior Aussie law firm which boasts strong potential in the growing Personal Injury practice. When it delivered its full-year results in August, it reported a 10% increase in revenue and a 27% boost in NPAT and strong growth is expected to continue over the coming years. This growth should not only come as a result of geographical expansion across Australia, but also from the expansion into new practice areas such as professional negligence and environmental law.
- G8 Education Ltd (ASX: GEM) is aggressively pursuing market share in Australia's childcare services industry, acquiring businesses across the country in order to extend its dominance. While it has already delivered investors massive returns in recent years, it appears this growth story is far from over. It reported a 48% increase in NPAT for its first-half operations while it also offers a generous dividend yield, forecast to be roughly 4% fully franked in FY14.
