4 top growth stocks to buy now with £100 each

Jon Smith explains some of his favourite growth stocks at the moment, to take advantage of the recent stock market slump.

A pastel colored growing graph with rising rocket.

Image source: Getty Images

When the stock market is in a slump, I personally think that buying growth stocks is a smart play. Due to the fact that such companies have volatile share movements, some can get oversold quickly during periods of uncertainty. So given the fact that both the FTSE 100 and FTSE 250 fell over 1% on on Friday, here are the top growth stocks that I’m thinking about buying.

Drive to thrive

The first company I’d consider is Aston Martin. The reason why I tag this as a growth stock is due to the strategy refresh the brand had in 2020 when Lawrence Stroll took over. His five-year plan to exponentially grow revenue and profitability is under way, albeit with the blip of the pandemic. 2021 results highlighted that revenue jumped 79% year-on-year. This cut the pre-tax loss significantly from 2020’s £466m to £213.8m.

5 Stocks For Trying To Build Wealth After 50

One notable billionaire made 99% of his current wealth after his 50th birthday. And here at The Motley Fool, we believe it is NEVER too late to start trying to build your fortune in the stock market. Our expert Motley Fool analyst team have shortlisted 5 companies that they believe could be a great fit for investors aged 50+ trying to build long-term, diversified portfolios.

Click here to claim your free copy now!

I think it’s a high-risk option though, given that the share price is down 56% over the past year. Yet the rewards could also be high if the next three years go to plan. To try and reduce my risk, I’d diversify my money by investing £100 here but ensuring that I also invest £100 in three other growth stocks.

Benefiting from market volatility

Two growth stocks from the same sector that I’m also thinking of buying are CMC Markets and IG Group. These two stocks both service retail investors, allowing access to trading platforms to buy and sell a range of financial products.

Growth can be seen in the new accounts opened during the pandemic, when retail investing really attracted attention. I was disappointed with both half-year results in 2021, when a lack of volatility in the markets meant earnings missed expectations.

However, I think the picture is changing. Markets are choppy at the moment due to the war in Ukraine, high inflation and high commodity prices. This should help raise income this year. Further, both growth stocks are investing for the future. For example, CMC is opening a new office in Manchester, with IG Group investing in Singapore.

An unusual growth stock

The final stock I’d consider with £100 is HarbourVest Global Private Equity. This isn’t a conventional choice, but one that I think could do well.

The share price should reflect the net asset value of the private investments that company makes. Most of these are in unlisted stocks. This gives me access to different types of businesses that HarbourVest think offer good value. As these aren’t publicly traded, there can be large growth opportunities if good deals are struck.

However, I need to be aware that the share price doesn’t always correlate to the net asset value. If the share price is higher, I could lose out as I’m paying a premium for the actual value of the investments. Fortunately, at the moment the share price is at a discount.

FREE REPORT: Why this £5 stock could be set to surge

Are you on the lookout for UK growth stocks?

If so, get this FREE no-strings report now.

While it’s available: you'll discover what we think is a top growth stock for the decade ahead.

And the performance of this company really is stunning.

In 2019, it returned £150million to shareholders through buybacks and dividends.

We believe its financial position is about as solid as anything we’ve seen.

  • Since 2016, annual revenues increased 31%
  • In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259
  • Operating cash flow is up 47%. (Even its operating margins are rising every year!)

Quite simply, we believe it’s a fantastic Foolish growth pick.

What’s more, it deserves your attention today.

So please don’t wait another moment.

Get the full details on this £5 stock now – while your report is free.

Jon Smith and The Motley Fool UK have no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

More on Investing Articles

Saucepan on a gas hob
Investing Articles

The Centrica share price is up 65%. Here’s why I sold

The Centrica share price has soared nearly two-thirds in a year. So why has our writer dumped his shareholding?

Read more »

Modern suburban family houses with car on driveway
Investing Articles

As the Howden Joinery share price falls, I’d buy and hold

The Howden Joinery share price has been falling. But Christopher Ruane likes its business model and is weighing adding it…

Read more »

Hand holding pound notes
Investing Articles

The tumbling Persimmon share price means an 11.3% yield! Should I buy?

A falling Persimmon share price has pushed the dividend yield into double-digits. Our writer considers his next move.

Read more »

Innovation and new ideas lightbulb concept 2022
Investing Articles

As stock markets crash, I’d buy these 4 FTSE 100 fallers!

After US stock markets tumbled on Wednesday, the FTSE 100 duly followed suit on Thursday. But falling share prices revealed…

Read more »

Compass pointing towards 'best price'
Investing Articles

A 7.6% dividend yield! Is the Aviva share price a bargain not to be missed?

The Aviva share price has recovered well since the 2020 stock market crash. As one of the top FTSE 100…

Read more »

Hand flipping wooden cubes for change wording" Panic " to " Calm".
Investing Articles

Stock market crash: I’m hunting giants for future gains!

In this latest stock market crash, selling pressure is slamming share prices. But some great company stocks are being crushed,…

Read more »

Smiling young man sitting in cafe and checking messages, with his laptop in front of him.
Investing Articles

With a P/E of just 8, this social media newcomer is a cheap stock pick!

This social media firm looks like a cheap stock pick for my portfolio. For a growing tech firm, it certainly…

Read more »

Passive income text with pin graph chart on business table
Investing Articles

Warren Buffett has been selling dividend stocks. Should I be doing the same?

As Warren Buffett sells out of Abbvie, Bristol-Myers Squibb, and Verizon, our writer wonders whether he ought to be looking…

Read more »