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3 explosive growth shares you need to know about

Australia isn’t home to many of the world’s biggest and best companies – the Amazon.com’s, Facebooks or Googles – but it is home to a number of businesses that are enjoying explosive growth nevertheless.

The recently-listed WiseTech Global Ltd (ASX: WTC) stands out for me. A business that many investors probably haven’t even heard of before, WiseTech is a founder-led and award-winning enterprise software company. In short, it provides a platform that facilitates the movement and storage of goods and information around the globe, delivering literally dozens of billions of data transactions annually. Its shares have shot up in price – particularly over the past month or so following an investor conference presentation – but are well worth keeping your eye on.

While the WiseTech share price has continued on to new heights, the Aconex Ltd (ASX: ACX) share price is only just making a recovery from a sharp fall it endured in the second half of 2016. Aconex is another Software-as-a-Service (SaaS) provider, providing a cloud-based platform for the global construction industry that enables for a smoother completion of large projects. The most recent trading updates have been somewhat disappointing, which is no doubt a factor behind the sharp fall experienced by the group’s shares, but is still one that should be on your radar.

Outside the SaaS space, Nanosonics Ltd. (ASX: NAN) is going from strength to strength in the medical device space. The company manufactures and distributes its flagship Trophon EPR ultrasound probe disinfector, designed to tackle Hospital Acquired Infections (HIAs), which is a serious issue facing hospitals (HAIs result in thousands of deaths around the globe each year). Again, Nanosonics’ shares aren’t necessarily a bargain with plenty of growth already priced in, but they could well be worth a look for long-term investors.

5 stocks under $5

We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!

*Extreme Opportunities returns as of June 5th 2020

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, and Facebook. Motley Fool contributor Ryan Newman owns shares of Amazon, Facebook, and WiseTech Global. The Motley Fool Australia owns shares of ACONEX FPO, Nanosonics Limited, and WiseTech Global. 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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