4 growth shares to buy today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is rallying higher today as investor concerns about ‘Brexit’ dissipate, combined with end of financial year (EOFY) portfolio adjustments.

With Friday set to be the first day of the 2016-17 financial year, now is a great time for investors to reassess their portfolios and potentially make changes.

While individual investors will have different objectives and aims which they are trying to achieve – which means a different portfolio construction and composition is required – many investors will be keen to have at least part of their portfolio exposed to growth.

Here are four growth shares worth considering.

  1. Mayne Pharma Group Ltd (ASX: MYX) – Mayne recently announced a company transforming acquisition which will see its range of generic drugs increase significantly. The outlook for growth for this pharmaceutical manufacturer is high.
  2. SEEK Limited (ASX: SEK) – SEEK is Australia’s leading online employment classifieds operator, but there is scope for the group’s operations to grow further both here and abroad. In fact, SEEK’s International operations recently began contributing more to group earnings than its domestic operations.
  3. CSL Limited (ASX: CSL) – CSL is one of Australia’s greatest success stories with world class products and shareholder returns to match. Despite its size – CSL has a market capitalisation of $51 billion – the group continues to innovate and grow its high margin businesses globally.
  4. Premier Investments Limited (ASX: PMV) – This diversified retailer saw a slight pull-back in its share price in the past week, no doubt at least partially due to its growing UK operations. Premier’s Smiggle brand is the growth engine for the group and ‘Brexit’ or no ‘Brexit’ its future growth potential is encouraging.

3 Rotten Shares to Sell, and 1 to Buy Today

EOFY is a great time to reassess your portfolio and throw out any companies with poor prospects. After a double-digit rally for the ASX since 2016 lows, investors should be on high alert. You'll find a full rundown below of 3 shares we think you should avoid today plus one top pick worth buying, even if the market turns south and the RBA keeps rates at an "emergency low." Simply click here to uncover these stocks.

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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