3 growth shares now on my watchlist after earnings season

Reporting season is over after a flurry of activity and we can now re-evaluate our portfolios and our watchlists.

I think it’s important to keep updating your watchlist because new shares are always listing, new reports come in every six months and industries can change.

Here are three shares on my watchlist after their reports:

Appen Ltd (ASX: APX)

Appen describes itself as a global leader in the development of high-quality, human-annotated data for machine learning and artificial intelligence.

It had a great result with revenue growing by 50% and underlying net profit after tax (NPAT) growing by 86%.

Every segment to Appen’s business is growing strongly and there’s a good chance Appen will keep doing well for the near future as it provides data for fast-growing industries.

Gateway Lifestyle Group (ASX: GTY)

Gateway is a retirement village operator that is experiencing good growth by opening more villages and increasing its rental income.

The business offers affordable places to live and a very attractive lifestyle for residents. It doesn’t charge entry and exit fees, unlike some of its competitors.

The organic rental increases alone could make this a decent growth stock, the falling house prices could make this business seem very attractive in a year or two.

Crown Resorts Ltd (ASX: CWN)

I had written the idea of growth off for Crown until Crown Sydney opened, but I was pleased to see that Crown had grown its underlying businesses, particularly VIP gaming, again.

Crown is a hard one to judge but I do feel that it should be on my watchlist again because of its underlying growth and long-term potential with Crown Sydney and the new Melbourne hotel.

Foolish takeaway

I’m interested in all three, but there are still little issues that I need to come to terms with about each in the near term. For now, they’re staying on my watchlist until I can justify a purchase for each of them.

Instead, one of these shares is much more appealing for my portfolio at the current prices.

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 Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited. The Motley Fool Australia owns shares of Appen Ltd. 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 Scott Phillips.

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.