June is a good time to see which stocks could power your portfolio into the second half of the year, so we’re looking at the best high-growth stocks to buy.
Where Can I Buy High Growth Stocks in June 2021?
If you are a retail investor, the number one platform to buy high-growth stocks in June is eToro.
eToro is the number one social trading platform in the world. The broker is regulated in multiple jurisdictions including the UK, the US, Mexico, and Cyprus (which gives it access to the Eurozone). It is easy to start using eToro. You can even copy trades of other traders if you find it difficult to analyse the market yourself.
Capital is well-known as an online brokerage firm that offers a one-click trading experience to its customers. It gives access to over 3000+ markets, from Forex to shares, cryptocurrencies, indices, commodities, or ETFs.
Which High Growth Stocks to Buy in June 2021?
We have compiled a list of 10 high-growth stocks that we think will experience gains in the coming months. The catalyst for growth could be some event that will occur in a few months or a year. Consider the growth drivers we’ve highlighted and don’t forget to diversify the risk that comes with high-growth stocks.
In no particular order, here is our list of the best high-growth stocks to buy in June 2021:
1. Roku (NASDAQ:ROKU)
Roku gained more than 515% between 20th March 2020 and 12th February this year. The stock has since pulled back nearly 28% to trade at $337 per share. With last year’s gains, profit-taking moves were inevitable this year, which may be why the stock price has fallen since February. However, the company operates in the highly lucrative video streaming market, and with home entertainment shifting toward streaming services, Roku’s immediate future looks exciting. Another bull run could be on the horizon and the pullback could be the perfect opportunity to buy. Earnings are expected to grow by 72% this year and 148% next year.
2. Marathon Digital Holding (NASDAQ:MARA)
Some call it a patent troll. Marathon is a patent-holding company that has recently started investing in crypto. MARA shares have pulled back recently after a substantial decline in the price of Bitcoin. However, Bitcoin has demonstrated its ability to bounce back from massive pullbacks. Watch out for MARA bouncing back when Bitcoin recovers. MARA has a projected earnings growth of 75% this year and 50% next year. You could pick up a bargain before the rebound.
3. Shopify (NYSE:SHOP)
Shopify is one of the fastest-growing companies in the world. It now allows merchants to sell across multiple platforms including Walmart, Facebook, and Snapchat. The company has seen its gross merchandise volume grow from just $8 billion in 2015 to a whopping $120 billion last year. Revenue grew 110% in the first quarter this year, and the growth is expected to continue in the coming quarters, with its earnings per share expected to grow by 334% this year. Shopify is down 15% after hitting an all-time high of $1,499.75 in February, so it could be a good time to buy on the pullback.
4. Square (NYSE:SQ)
Square is fast emerging as one of the best peer-to-peer payment platforms in the world. Its Cash App has over 36 million monthly active users and generated $5.9 billion in revenue in 2020. Square is disrupting the global payments market including crypto payments. It has pulled back recently alongside the price of Bitcoin but a major rebound could be on the horizon. Earnings are expected to grow by an average of 56% over the next five years. Now could be a good time to buy.
5. Twilio (NYSE:TWLO)
Twilio is a leading communication platform-as-a-service (CPaaS) company. TWLO shares have pulled back more than 23% since hitting an all-time high of $457.30 in February. The company’s earnings are expected to grow by more than 212% next year driven by the post-pandemic recovery wave. The company has disrupted corporate communications and this could be a good time to buy ahead of the rebound.
6. iRobot (NASDAQ:IRBT)
iRobot shares are bouncing back after falling more than 36% from the historical highs achieved in January. The consumer robots manufacturer has a bright future ahead as the shift to smart home residentials gathers pace. The company’s earnings are expected to grow by 73% this year and 62% next year. This will boost the price rebound in the coming weeks, so IRBT stock looks like a smart buy ahead of the recovery.
7. Airbnb (NASDAQ:ABNB)
Airbnb is a disruptive vacation rental company with some of the most exciting growth prospects. ABNB stock has pulled back more than 30% since hitting a high of $216 in February. However, with the success of Covid vaccinations across the world, ABNB could be due a major rebound. ABNB is disrupting both the travel and hospitality sides of the business. The company’s earnings are expected to grow by 87% this year and 95% next year. The pullback has created an opportunity for investors to buy. June could be a perfect time to pounce.
8. Micron Technology (NASDAQ:MU)
Micron Technology is a leading provider of microchips that power the computing world. Its primary business verticals, NAND and DRAM markets, are expected to experience growth of 30% and 19% respectively through 2024. MU earnings have a projected growth of 90% next year and average annual growth of 66% for the next five years. These features make MU an interesting high-growth stock to buy in June.
9. Amazon.com (NASDAQ:AMZN)
Jeff Bezos may be stepping down as CEO of Amazon next month but this online retail giant is far from done. AMZN’s growth potential is immeasurable given the several lines of business it has expanded to in recent years. Amazon has invested in nearly every exciting industry you can think of. That’s why any investor looking for high-growth stocks to buy in June will need to take a good look at AMZN. Earnings are expected to grow by 81% this year and at an average of 37% in the next five years.
10. Autodesk (NASDAQ:ADSK)
Autodesk is an exciting company in the application software market. The company’s products are created purposely for the engineering, architecture, and construction markets. Its earnings are expected to grow by a staggering 440% this year after a less exciting performance last year. ADSK EPS is also projected to grow at an average of 35% annually over the next five years. This makes it a great high-growth stock to look at in June.
Why Buy High Growth Stocks in June 2021?
Conventionally, investors tend to shake up their portfolios at the start of the year. This is when they look at stocks to hold for the year and those to sell off before it is too late. But have you ever wondered how many times sophisticated investors revisit their portfolios to see which stocks to add and which ones to remove? The answer is several times, as demonstrated by the quarterly reports that the world’s biggest investors file to disclose what they bought and what they sold every quarter.
The Bottom Line on Buying High Growth Stocks in June
As we enter into June, now is a good time to revisit your portfolio, to see which stocks may need removal, and to assess new investment opportunities. We’ve highlighted some of the best high-growth stocks to buy in June based on earnings growth prospects for the coming year and stock price performance over the last year. These stocks could pay back multiple times the investment amount if timed right.