No April Fool’s Joke: 3 Growth Stocks Offering Great Discounts Today

Are you interested in buying growth stocks? Take advantage of these great discounts!

| More on:
sale discount best price

Image source: Getty Images

Growth stocks can be very exciting positions to hold in a portfolio. As the name suggests, these stocks tend to have outstanding growth potential. By holding enough shares of solid growth stocks, investors could see their portfolio grow by many multiples over the years. Often, growth stocks run up in value very quickly. This makes it difficult for investors to accumulate shares over time. In this article, I’ll discuss three top growth stocks that are offering great discounts today!

Invest in the e-commerce industry

If there’s one area that excites me the most, it would be the e-commerce industry. It’s very easy to see that this portion of the retail industry is growing at a rapid rate. Although the growth seen over the COVID-19 pandemic may be behind us, I believe there’s still a lot of future growth available. Many big-name retailers are still making the move over to online retail, and it should benefit companies like Shopify (TSX:SHOP)(NYSE:SHOP) in the long run.

Shopify provides a platform and many of the tools necessary for merchants to operate online stores. In 2021, Shopify made headlines when the company announced that it had been chosen by Netflix to power its official online store. As of this writing, Shopify stock trades about 43% down for the year. This is a great stock that leads an important and emerging industry. Investors should take note and jump on this opportunity.

Include renewables in your portfolio

Investors should also take note of the action surrounding renewable energy. Within that broader umbrella, I prefer to focus on the renewable utilities industry. Many governments and businesses alike are shifting operations to become more environmentally friendly. This increases the demand for renewables and should drive stock prices higher over the long run.

Brookfield Renewable (TSX:BEP.UN)(NYSE:BEP) is my top choice within this area. What interests me about this company is that Brookfield has managed to solve the issue of scalability. This is often the limiting factor when it comes to utility companies. It operates a massive portfolio of assets capable of generating more than 21,000 MW of renewable power. Its development pipeline also totals 62,000 MW of power. Year to date, Brookfield stock is up nearly 16%. However, it still trades about 18% lower than its all-time highs.

Buy this top stock (TSXV:TOI) is a stock that has interested me since its IPO. Formerly a subsidiary of Constellation Software, Topicus has shown that it has the ability to adapt Constellation’s proven playbook and make it work for itself. In its first year of trading, Topicus stock rose more than 120% before succumbing to the market correction earlier this year.

Like its former parent company, Topicus is an acquirer of vertical market software companies. It differentiates itself by focusing on the highly fragmented European tech industry. I believe that an investment in Topicus could be similar to buying shares of a very young Constellation Software. If this company could generate returns at even half the rate of Constellation Software, investors should be very happy in the long run.

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.

Fool contributor Jed Lloren owns Brookfield Renewable Partners, Shopify, and Topicus.Com Inc. The Motley Fool owns and recommends Shopify and Topicus.Com Inc. The Motley Fool recommends Constellation Software and Netflix.

More on Investing

Stock analysts were once excited about construction company Aecon as an investment.

Bull or Bear: Why Analysts Changed Their Tune on Aecon Stock

Analysts had been champing at the bit for the construction company, but the tides have turned.

Read more »

Specialty Brands faces higher raw materials costs.
Dividend Stocks

What’s Next for Premium Brands Stock?

Shares of the specialty food production and distribution company have fallen about 25% since last October.

Read more »

Double exposure of a businessman and stairs - Business Success Concept
Dividend Stocks

2 Interesting Buys in Any Market

Here are two intriguing buys in any market climate that offer defensive appeal as well as growth and income earning…

Read more »

Bank sign on traditional europe building facade
Bank Stocks

Should You Buy Bank Stocks Now?

Canadian bank stocks are getting cheap. Is this the right time to buy?

Read more »

stock data
Stocks for Beginners

2 Reliable Stocks Beginners Can Buy Amid the Market Selloff

As the broader market turmoil continues, new investors can buy these two reliable dividend stocks to get good returns on…

Read more »

Biotech stocks can be good yet risky investments.

Is Bellus Health Stock Still a Buy After 30% Earnings Jump?

The biotech continues to make progress on obtaining FDA approval for its chronic-cough therapy.

Read more »

Dividend Stocks

TFSA Investors: 3 TSX Stocks for Tax-Free Passive Income

These Canadian corporations have strong visibility over future earnings and dividend payouts.

Read more »

Piggy bank next to a financial report

Do You Have Cash Sitting in Your TFSA? Now Is a Great Time to Buy Stocks

If you have cash in your TFSA that you're looking to invest, now is a great time to buy high-quality…

Read more »