Here are 3 explosive growth shares at the top of my shopping list

In my opinion the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is home to a good number of quality growth shares that investors should take a closer look at today.

Three of my current favourites are listed below. Here’s why they are at the top of my shopping list:

The Altium Limited (ASX: ALU) share price may be up 8% in the last 30 days, but I still believe it can climb significantly higher over the next few years. In my opinion the printed circuit board (PCB) design software provider is one of the best growth shares on the Australian share market, especially with the incredible rise in connected devices. As PCBs are required in the majority of these devices, I expect demand for its software will continue to rise strongly.

The Nanosonics Ltd. (ASX: NAN) share price has climbed a massive 36% in the last 12 months. Whilst it is by no means a bargain buy any more, I do feel that the growing popularity of the company’s ultrasound probe disinfection system makes it a great buy and hold option for investors. Demand for the system has grown strongly, leading to a 131% jump in half-year sales to $36.1 million. Furthermore, favourable new guidelines for high level disinfection of ultrasound probes internationally were announced recently, I expect the company to benefit greatly from them.

The Webjet Limited (ASX: WEB) share price has rocketed 17% year-to-date thanks largely to a stunning half-year result which saw net profit after tax growth of 86.9%. The catalyst for this impressive result was strong bookings growth and market share gains in each of its business segments. Management appears confident that the strong performance will continue in the second-half, which I think could make the online travel agent a good investment despite its strong share price gains this year.

Finally, as well as Altium, Nanosonics, and Webjet, I think these stellar growth shares are also in the buy zone today.

Top 3 ASX Blue Chips To Buy In 2017

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

But knowing which blue chips to buy, and when, can 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 Altium and Nanosonics 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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