Has there been a better time to go UK share shopping? Huge uncertainties persist for the global economy as we move into 2020, sure. But careful investors have an opportunity to make a fortune by buying quality stocks at cheap prices today and watching them soar in value during the new bull market.
I’d happily buy the following UK shares for my own Stocks and Shares ISA today. Just like the FTSE 250 did during the 2010s, I reckon these top stocks could treble in value during the next decade.
#1: On cloud nine
The Covid-19 outbreak has changed the way the world operates in a number of significant ways. It’s lit a fire under e-commerce usage, for example. Coronavirus lockdowns have also changed employer and employee expectations when it comes to flexible working. This means that Cloudcall Group’s (LSE: CALL) profits could surge over the next decade, I feel.
Recent data from Researchandmarkets.com illustrates how rapidly its market is likely to grow in the first part of this new decade. The global cloud computing sector will expand at a compound annual growth rate of 17.5% through to 2025, the research house reckons.
Cloudcall Group is already riding high, and in October said that excellent sales conversion and higher sales to existing customers would see it beating forecasts for this fiscal year. This tech titan is one for UK growth share investors like me to watch during the 2020s.
#2: Another top UK tech share
I’m a big fan of e-retailer The Hut Group for a variety of reasons. I love the obvious profits opportunities that the online shopping boom provides this UK share for the new decade. I’m also excited by the pace at which its THG Ingenuity e-commerce software platform is being picked up by some of the world’s biggest retailers and fast-moving consumer goods (FMCG) companies.
Finally, I like the aggressive approach to expansion that The Hut Group has to supercharge earnings growth. This week it splashed out $350m to buy online skincare and beauty colossus Dermstore.com of the US. It’s also bolstered its position in the fast-growing sports nutrition market by buying Claremont and Berryman’s for around £60m.
#3: Security star
I think buying GB Group is another way to get rich from the e-commerce boom. This UK share allows online operators to identify customers and verify their addresses and email details. It’s a huge market as internet shopping traffic goes from strength to strength and as cyber fraud consequently balloons.
GB Group provides its services all over the world, and it saw annual operating profit soar 25% in the 12 months to September as new business streamed in. What’s more, like The Hut Group, this share is also expanding to exploit the online shopping explosion to the max. It bought HooYu Investigate earlier this month to boost its position in the field of fraud investigation.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has 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.