I love following the progress of ASX listed shares and because there are more investment opportunities out there than the amount I invest monthly, I tend to have a watch list of shares longer than my arm.
Out of that long list, here are three shares that I think are worth mentioning.
Afterpay Touch Group Ltd (ASX: APT)
Afterpay Touch has been a high-flying company with its share price up 200% over the last year alone. I like companies with a global footprint and Afterpay's recent expansion into the United States certainly got my attention.
If Afterpay can conquer this gigantic market, then today's share price will look cheap. There will be ups and downs along the way and I'll be on the lookout for any early indicators of its performance in the US.
I will also keep an eye on the relationship between Afterpay's receivables and its debt facility with National Australia Bank Ltd. (ASX: NAB). As the company's underlying sales grow, it will keep drawing down more funds from this facility to fund the growth but should there be a larger-than-expected write off of receivables then that could have significant implications on the share price.
Ramsay Health Care Limited Fully Paid Ord. Shrs (ASX: RHC)
Ramsay's share price is down 25% since the end of June 2017 due to concerns over slower growth. I'm not sure what time frame Mr Market is working with but I think this company is worth a closer look particularly when you consider the long term, the future of private healthcare, and Ramsay's global reach.
It appears that the market is mainly concerned about the company's valuation given the slower anticipated growth. That will certainly be a key aspect of my assessment of the company.
Appen Ltd (ASX: APX)
Appen is a leading machine learning and artificial intelligence data set provider. That focus on such an important emerging industry warrants a spot on my watch list.
Its share price is also up 200% over the last year but with a market cap of $1.23b, there could be more gains to come if the company continues growing at such a phenomenal rate.
In addition to the 3 shares above, I think you need to take a closer look at these 4 stocks that could build your wealth.
