These growth shares are my best buys for November

I think it is fair to say that October was a month to forget for Australian investors.

I’m optimistic that November will be significantly better and that a number of beaten down growth shares will recover some off their sizeable declines.

Three that I would consider buying are as follows:

Appen Ltd (ASX: APX)

This global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence could be a great option in November. It was one of the worst performers on the Australia share market in October due to the tech selloff. While this was disappointing for shareholders, I believe it is a buying opportunity for non-shareholders. At present Appen’s shares are changing hands at 27x estimated FY 2019 earnings. I think this is great value given its strong long-term growth potential.

Aristocrat Leisure Limited (ASX: ALL)

Another tech share that fell heavily last month was Aristocrat Leisure. But unlike many of its tech peers, I felt that its shares were already trading at an attractive price prior to the selloff. In light of this, I think they are arguably in the bargain bin now at just 20x estimated FY 2019 earnings. Especially given the solid growth potential of its fledgling digital business. Management believes this business is well positioned to address a broad spectrum of opportunities in the US$50 billion mobile gaming market.

Bellamy’s Australia Ltd (ASX: BAL)

The Bellamy’s share price is another growth share that fell heavily in October. However, this was largely down to disappointing guidance given for FY 2019. Management expects Australian label sales to be flat in FY 2019 due to the disruption caused by the launch of a new production formulation. While this is very underwhelming, I think investors should look beyond FY 2019 and to the future. At its annual general meeting management confirmed that it is targeting sales of $500 million by the end of FY 2021. This will be a 52% increase on FY 2018’s result.

Looking for more growth share ideas? Then don't miss out on these mid cap stars tipped for big things.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!