Why I would buy these ASX growth shares

When it comes to growth shares I believe the Australian share market is home to a great number for investors to choose from.

But with so much choice it can be hard to pick out which ones to buy.

To narrow things down and help you on your way I have picked out two of my favourites at the moment. Here’s why I think they are worth considering today:

Aristocrat Leisure Limited (ASX: ALL)

Although Aristocrat Leisure is perhaps best-known as a pokie machine developer, the main attraction for me is its fast-growing digital segment. Although the segment only generated 15.6% of its revenue in FY 2017, I believe that in the not so distant future it will become the company’s main breadwinner.

This is especially the case after the company made two significant acquisitions last year that have bolstered its portfolio with a number of popular mobile and social games and put Aristocrat Leisure in a position to continue growing its recurring revenues at an explosive rate. All in all, given its current growth profile, I think its shares are fairly priced and would suggest investors buy them ahead of rival Ainsworth Game Technology Limited (ASX: AGI).

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

I feel confident that Domino’s is over the worst of its problems now and could surprise the market in FY 2018 with stronger-than-expected growth. This could make it well worth considering as a buy, especially with its strong long-term growth prospects.

The pizza chain operator is targeting 4,650 stores by 2025, which will be more than double its store network as of the end of FY 2017. At the same time, management is leveraging technology and innovation to widen its margins over the next few years. If this is a success then I think it could lead to strong profit growth for the next few years.

If you like growth shares such as Aristocrat Leisure and Domino's then don't miss out on these star stocks.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean 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 2018."

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%.

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 of the 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.