The S&P/ASX 200 Index (ASX: XJO) has fallen from grace this month and is back trading at levels not seen since 2016.
Whilst this is obviously very disappointing for investors, I remain optimistic that the share market will bounce back strongly once the coronavirus blows over.
In light of this, I think now is the time to look for the shares that you would like to own when the volatility eases. Three that I have my eye on are listed below:
a2 Milk Company Ltd (ASX: A2M)
The first option to consider is a2 Milk Company. It has been growing at an astonishing rate over the last few years and has generated market-beating returns for investors. The good news is that I believe it has the ability to continue its strong growth for a long time to come. This is thanks to increasing demand for its infant formula products in China and the expansion of its fresh milk footprint in the United States and Canada.
Appen Ltd (ASX: APX)
Appen is the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. Demand for its services has been growing at a rapid rate in recent years thanks to the increasing importance of AI and machine learning for businesses. This led to Appen smashing expectations in FY 2019 by reporting a 42% increase in underlying EBITDA to $101 million. Pleasingly, with spending on machine learning and artificial intelligence expected to continue growing significantly over the next decade, I feel Appen is well-placed to continue its strong form for the foreseeable future.
Pushpay Holdings Ltd (ASX: PPH)
Pushpay is a fast-growing donor management system provider. The New Zealand-based company's system includes donor tools, finance tools, and a custom community app which are being used widely in the faith sector in the United States, Canada, Australia, and New Zealand. Demand for its solutions has been growing strongly leading to the company reporting a 31% jump operating revenue to US$56 million during the first half of FY 2020. I'm confident there will be more of the same over the coming years thanks to its large addressable market, leadership position in it, and recent acquisitions.
