3 top stock picks for January: G8 Education Ltd, Credit Corp Group Limited and Netcomm Wireless Ltd

It could be worth taking a second look at G8 Education Ltd (ASX:GEM), Credit Corp Group Limited (ASX:CCP) and Netcomm Wireless Ltd (ASX:NTC).

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This January whether you're looking to speculate or invest for income and growth, these three stocks deserve a spot on your watchlist…

Speculative: Netcomm Wireless Ltd (ASX: NTC)

Netcomm Wireless is a machine-to-machine and broadband communications developer. The tiny $60 million company only recently swung to profitability but makes for a tempting speculative punt given the 43% fall in its share price since July. The outlook for both the industry and company continue to look great. However investors/speculators should expect volatility. The stock currently trades on a P/E of 58 and does not offer a dividend.

Growth: G8 Education Ltd (ASX: GEM)

Despite being the ASX's largest child-care centre owner and operator, G8 Education is expected to continue growing rapidly. It has experienced explosive acquisitive and organic growth in the past five years and its share price has followed. However with a near 20% fall in price over the past three months, it looks to be a compelling buy. Not only are earnings per share expected to grow strongly in coming years, but analysts are also forecasting a dividend equivalent to 4.7% fully franked.

Defensive: Credit Corp Group Limited (ASX: CCP)

Australia's largest receivables management company, Credit Corp Group, is also expected to experience a healthy jump in earnings per share and is tipped to offer a good dividend, currently forecast at 4% fully franked. Whilst the group's expansion into the US could take some time to bear fruit, management recently confirmed its earnings guidance, and increased its guidance of purchased debt ledgers (PDLs) from $80-$90 million to $120-$130 million. This will likely flow through to increased profits from 2016 onwards.

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Motley Fool Contributor Owen Raszkiewicz owns shares in Netcomm Wireless and G8 Education. You can follow Owen on Twitter @ASXinvest.

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