3 explosive growth shares to buy next year

This year there have been a good number of growth shares that have smashed the market by a considerable distance.

Shares such as Aristocrat Leisure Limited (ASX: ALL), CSL Limited (ASX: CSL), and Galaxy Resources Limited (ASX: GXY) have provided investors with gains of no less than 25%.

As we approach 2018, I thought I would look at a number of growth shares which I think could outperform the market next year.

Three which ticked a lot of boxes are listed below:

A2 Milk Company Ltd (ASX: A2M)

This fast-growing dairy company is another which had a stellar 2017. But thanks to the insatiable demand for its products in China, I expect it to deliver another outstanding result in 2018. While I wouldn’t expect its shares to more than double as they did this year, I do believe they are capable of providing outsized returns for investors.

Corporate Travel Management Ltd (ASX: CTD)

This travel company’s shares have recently come under a spot of selling pressure, allowing investors to pick up shares at a fairer price. Which is great news because I feel it has plenty of opportunities to increase its market share in a highly fractured global corporate travel market over the coming years. I expect this to result in above-average earnings growth which propels its share price higher again.

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

I’m tipping this pizza chain operator to bounce back next year following a disappointing 2017. The former market darling did the unthinkable in FY 2017 and missed its own earnings guidance. I believe the company has learnt from this and will deliver a robust result in FY 2018. Furthermore, Domino’s could be a great buy and hold option due to its plan to more than double its store footprint by FY 2025.

If you feel like you've missed out on some incredible gains this year from infant formula or lithium shares, don't worry. This next boom could be many times bigger.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of A2 Milk and Corporate Travel Management 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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