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Stock market crash: 11 UK shares I think are great growth stocks despite the downturn

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Our view of the 2020 stock market crash remains clear. The global economy faces some extreme challenges in the short-to-medium term. But these conditions don’t stop anyone who takes the time and care to build an investment strategy from making a lot of money buying UK shares.

Make no mistake, the London Stock Exchange remains packed with top growth stocks today. And the 2020 stock market crash provides an excellent opportunity to pick some at little cost. It’s why we at The Motley Fool reckon the recent correction provides an unmissable buying opportunity for savvy UK share investors.

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I’ve continued to buy UK shares in my own Stocks and Shares ISA, despite the poor economic outlook. I invested in Clipper Logistics and Tritax Big Box REIT as online shopping should continue to surge despite the broader economic downturn. These two UK shares provide logistics spaces and services to e-retailers, couriers and fast-moving consumer goods (FMCG) makers.

Chart displaying growth

Profits to soar at these UK shares?

As I say, there are stacks of top stocks for growth investors to sink their teeth into today. Let me talk you through some more UK shares I’m thinking of adding to my ISA soon.

  • Many healthcare stocks can look forward to electric profits growth, despite these tough economic conditions. Forget about their excellent defensive qualities. I think some such UK shares promise to thrive and not just survive.
  • Take Primary Health Properties. Ballooning demand for new healthcare facilities in Britain means annual earnings are expected to soar 20% in 2020. Meanwhile, profits at ECO Animal Health Group are expected to jump by a fifth this fiscal year as drugs use for livestock booms. And profits at Venture Life are tipped to more than double thanks to strong sales of its personal care products.
  • Soaring demand for video games is another hot trend that UK share investors like me could tap into. I like game developer Konami and Codemasters Group. Their annual earnings are expected to soar 22% and 134% respectively in their current fiscal years. Similarly I could ride the online gaming phenomenon with gambling specialists like Flutter Entertainment. Profits here are expected to jump 40% in 2020 year on year.
  • There are many IT services providers that should enjoy splendid profits growth despite the pressure on broader corporate earnings too. I feel the large sums that companies are having to invest in cybersecurity bodes well for UK shares like Kape Technologies. It’s why City analysts reckon earnings here will double in 2020. Meanwhile, rising public sector software spending means that IDOX’s earnings are tipped to rise 80% this fiscal year. And network integrator Redcentric should benefit from the growth of working from home due to the Covid-19 pandemic. Earnings in the current financial year are expected to rise 46%.

A Top Share with Enormous Growth Potential

Savvy investors like you won’t want to miss out on this timely opportunity…

Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!).

Not only does this company enjoy a dominant market-leading position…

But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks!

And here’s the really exciting part…

While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes.

That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021.

Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge!

Royston Wild owns shares of Clipper Logistics and Tritax Big Box REIT. The Motley Fool UK owns shares of Flutter Entertainment. The Motley Fool UK has recommended Clipper Logistics, Primary Health Properties, and Tritax Big Box REIT. 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.

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