3 Amazing Growth Stocks I’d Buy Right Now

These three top-notch growth picks should find a place in every growth investor’s portfolio today, in my view.

| More on:
Businessmen teamwork brainstorming meeting.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

Bond yields are rising, and what looks like a rotation toward value stocks is underway.

I think many investors have seen this as a long-time coming. However, I still think that high-quality, high-growth companies will continue to outperform over the long run.

In that regard, these three companies are ones I’d recommend investors keep on their radar right now. These three stocks remain among my top picks for all the right reasons.

Here we go.

Constellation Software

Those looking for long-term growth can’t do much better than Constellation Software (TSX:CSU). Indeed, this top TSX tech stock continues to make my list of top picks for a reason. Constellation is a best-in-class consolidator of a fragmented software industry. This sector has thousands of small-cap companies just looking to be acquired. And Constellation’s track record of picking the best of the bunch is impressive.

The capital appreciation growth Constellation has provided over the past decade is truly incredible. I think nothing’s changed with this company and see a bright future on the horizon for this consolidator.

As long as technological innovation is on, companies like Constellation will continue to do well. The company’s M&A track record spans more than 500 deals, and Constellation just keeps hitting home runs. Until that changes, I think this stock remains a top pick.


Any list of top growth stocks would be incomplete without Shopify (TSX:SHOP)(NYSE:SHOP).

In recent years, Shopify has become the top stock foreign investors think about when they consider Canadian companies. And for good reason.

Shopify’s growth trajectory is one that’s undeniably impressive. Cathie Woods’s recent comments comparing Shopify to Amazon is just one opinion among many that this company can continue to grow at lightspeed over the long term.

Now, this stock has dipped materially from its all-time high. Today, investors can pick up shares of Shopify for a discount of approximately 25% from the stock’s peak. The company is still valued in the nosebleeds, but this is a considerable correction.

Accordingly, investors waiting on the sidelines patiently for an opportunity to pick up those desirable Shopify shares now have a great chance to do so at a better price.

Restaurant Brands

The restaurant space is one that undeniably got hit hard as a result of the pandemic. However, those optimists out there who believe we could be on the cusp of a generational growth surge may want to consider stocks like Restaurant Brands (TSX:QSR)(NYSE:QSR) today.

This quick-service restaurant chain harbours some of the best names in the fast-food space. The company’s three core banners are Tim Hortons (every Canadian’s favourite), Burger King, and Popeyes Louisiana Kitchen. These three brands are world class and have great growth trajectories in emerging markets such as Asia.

Additionally, this stock has proven to be a great growth option for investors over time. Since inception, Restaurant Brands’s performance is among the best in its field, and I think this company will continue this trajectory over the long haul.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon, Constellation Software, Shopify, and Shopify. The Motley Fool recommends RESTAURANT BRANDS INTERNATIONAL INC and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon.

More on Tech Stocks

grow money, wealth build
Tech Stocks

TFSA Cash: Turn Your $81.5K Into $330K by 2032

These Canadian stocks have the potential to deliver average annual returns over 15% and create significant amount of wealth for…

Read more »

Male IT Specialist Holds Laptop and Discusses Work with Female Server Technician. They're Standing in Data Center, Rack Server Cabinet with Cloud Server Icon and Visualization
Tech Stocks

1 TSX Tech Stock to Buy Today and Forget for the Next 5 Years

This high-growth tech stock could multiply your invested money in the next five years if you buy it in time.

Read more »

Businessperson's Hand Putting Coin In Piggybank
Tech Stocks

TFSA Investors: Got $6,000? Here’s How You Can Power Up Your Portfolio

Are you trying to find stocks to add to your TFSA? Here’s how you can power up your portfolio!

Read more »

Hand holding smart phone with online shop concept on screen
Tech Stocks

Shopify Stock or Lightspeed Stock: Should You Buy Either?

Shopify stock (TSX:SHOP)(NYSE:SHOP) and Lightspeed stock (TSX:LSPD)(NYSE:LSPD) are both up in the last month, but should you buy?

Read more »

Tech Stocks

Got $300? 2 Simple TSX Stocks to Buy Right Now

These two TSX stocks aren’t as popular as other names, but they are smart buys right now because both are…

Read more »

shopping online, e-commerce
Tech Stocks

Better Buy: Shopify (TSX:SHOP) or Amazon (NASDAQ:AMZN)?

The e-commerce giants in Canada and the U.S. have underperformed in 2022, although critical investments for growth are ongoing in…

Read more »

Shopping and e-commerce
Tech Stocks

Shopify (TSX:SHOP): Well-Positioned for a Massive Rally

Shopify (TSX:SHOP)(NYSE:SHOP) stock is a great e-commerce growth darling that could heat up over the next 18 months.

Read more »

Young woman sat at laptop by a window
Tech Stocks

Is Pinterest Stock a Buy?

Pinterest's business may be stabilizing, but its stock probably hasn't bottomed out yet.

Read more »