When it comes to growth shares I think Australian investors are spoilt for choice. But with so many to choose from it can be hard to decide which ones to invest in.
To narrow things down I've picked out three growth shares that would be on my Christmas wish list this year. They are as follows:
Aristocrat Leisure Limited (ASX: ALL)
Although this gaming technology company's shares climbed higher initially following the release of its full-year results on Thursday, they ended up sinking almost 7% lower by the end of the day. I believe this decline has been a bit of a gift to investors and would consider snapping up shares on the cheap today. Especially as its fast-growing digital business will be given a major lift in FY 2018 thanks to its acquisitions of Plarium and Big Fish for a total of almost US$1.5 billion. I expect the mobile and social games these acquisitions add to its portfolio will provide significant recurring revenues.
Domino's Pizza Enterprises Ltd. (ASX: DMP)
The former market darling is certainly not having a great year, which isn't too surprising considering its earnings miss in FY 2017. However, I feel this was a one-off and expect the pizza chain operator to bounce back stronger this year. Furthermore, with such strong long-term growth prospects, I feel Domino's is a great option for a buy and hold investment. As of the end of FY 2017 the company had 2,135 stores in operation, but plans to expand its footprint to 4,650 stores by 2025. I expect the combination of this store expansion and its expanding margins should lead to bumper profit growth.
Nextdc Ltd (ASX: NXT)
NEXTDC is a leading data centre operator that counts the likes of Google and Amazon amongst its customers. With demand for its services expected to grow at an incredible pace due to the rise of cloud computing, I think it could prove to be one of the best growth shares on the market today. Its shares may be expensive, but I expect them to justify the premium over the long-term as it scales and its profit growth accelerates.
