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Here are 3 tech shares I’m tipping to smash the market in 2017

Australian investors sure are a lucky bunch. I believe the local share market is home to a number of shares with explosive growth potential.

None more so than the three tech shares listed below. Each has grown their bottom line at a rapid pace in the last 12 months, and I expect the trend to continue for the foreseeable future.

Here’s why I think they could smash the market this year:

The Appen Ltd (ASX: APX) share price has fallen around 9% so far this year, meaning the language technology company’s shares are changing hands at just 24x trailing earnings. I think this represents great value for investors, especially with the company recently posting a 23% increase in full-year net profit after tax. I expect a similarly strong performance in FY 2017.

The Class Ltd (ASX: CL1) share price has dropped 28% in the last six months, which I believe could make it an opportune time to snap up its shares for a long-term buy and hold investment. The self-managed super funds software provider recently reported that its market share had risen once again, this time to 21.7%. With a retention rate of 99% I expect to see further market share gains this year.

The Webjet Limited (ASX: WEB) share price may have risen a staggering 72% in the last 12 months, but I don’t believe it is too late for investors to grab a slice of the online travel agent. In February Webjet’s numerous brands once again posted industry-beating bookings growth. This helped the company deliver a stunning 86.9% increase in half-year net profit after tax. Its shares are currently priced at 24x annualised earnings, which I feel is more than fair given the rate it is growing its bottom line.

Further to these tech shares, I believe these three exciting growth shares could also smash the market this year. I would suggest investors put them at the top of their shopping lists.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd and Class Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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