The Motley Fool

5 of the best ASX growth shares to buy in June

A new month is upon us, so what better time to look at making some new additions to your portfolio.

If you’re a fan of growth shares then one of the five shares listed below could be a good option in June:

Appen Ltd (ASX: APX)

One of my favourite growth shares on the ASX is this leading provider of language technology data and services. It has been growing at an incredible rate over the last few years thanks to its exposure to artificial intelligence and machine learning. And with these markets tipped to grow materially over the next decade, I believe it is well-placed to continue this strong form for many years to come.

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat Leisure is a gaming technology company which I think has the potential to generate outsized returns for investors over the next decade. Last week the company released its half year results and reported a 29.8% increase in operating revenue to $2,150.3 million and a 16.8% lift in normalised EBITA to $644.4 million. I believe its strong core business and exposure to the rapidly growing digital and social gaming market will support further solid growth over the medium term.

CSL Limited (ASX: CSL)

This global biotech giant is arguably the best growth share on the Australian share market. It has provided its shareholders with market-beating returns over the last decade and looks well-positioned to do the same again over the next 10 years. This is due to its growing plasma collection network, quality portfolio of products, lucrative pipeline, and high level of investment in research and development.

REA Group Limited (ASX: REA)

REA Group is the property listings company behind the realestate.com.au website. Despite the housing market going through a downturn, the company has continued to deliver strong earnings growth in FY 2019. If the housing market rebounds next year as many people are tipping, there’s a strong probability that REA Group’s earnings growth will accelerate again.

Webjet Limited (ASX: WEB)

Thanks to a combination of earnings accretive acquisitions, the shift to online booking, and the growing popularity of its brands, this online travel agent has been an impressive performer over the last decade. The good news is that this strong form has continued in FY 2019 with Webjet reporting a 59% lift in net profit after tax to $31.8 million in the first half. Due to the large market opportunity that its WebBeds (B2B) business has, I think the company is well-positioned for more of the same in the coming years.

It’s hard to believe what these 2 ASX companies could mean to the digital payments revolution

The Motley Fool’s top tech analyst has spent years studying the huge global trend in which cash and traditional banks give way to new digital payments systems... And now he’s identified the two ASX companies he believes are poised to win this multi-trillion-dollar “war on cash.”

If he’s right, these two companies could power your portfolio for years to come. Heck, stock #1 is already up 204% in just the last two years...

While Stock #2 has climbed a stunning 954% just since 2015.

Yet we think the biggest returns look to be still ahead. In fact, our expert is convinced investors who act now could be in for 10X gains (or more). Which means you will want to get the details on these 2 ASX companies as soon as possible.

So click the link below right now! We’ll tell you how to pick up your free copy of this brand new report, “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution”…

CLICK HERE TO FIND OUT MORE!

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended REA Group Limited and Webjet 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!