3 best growth stocks to buy now

There are many investment strategies that, if you are patient, can be profitable for years to come. Some of these are relatively safe, such as investments in well-settled dividend stocks, while others may be more volatile but can potentially generate much larger gains.

<p class = "canvas-canvas-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you are interested in the latter, then read on to find out why MasterCard (NYSE: MA), Carvana (NYSE: CVNA), and Okta (NASDAQ: OKTA) The data to watch for are the three most important growth stocks that investors should watch for. "data-reactid =" 12 "> If you're interested, read on to find out why MasterCard (NYSE: MA), Carvana (NYSE: CVNA), and Okta (NASDAQ: OKTA) are the top three growth stocks that investors should watch for.

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Source of the image: Getty Images.

Taking advantage of the war against money

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Nicholas Rossolillo& nbsp;(MasterCard): Even with trade wars and fears of a slowdown in the global economy making headlines, turning into a world without money is alive and well. This is a boon for payment processing companies, and Mastercard is one of the best. "Data-reactid =" 26 ">Nicholas Rossolillo (MasterCard): Even with trade wars and fears of a slowdown in the global economy making headlines, turning into a world without money is alive and well. This is a boon for payment processing companies, and Mastercard is one of the best.

True, the company is already massive, with a market capitalization of over $ 270 billion and a $ 15.7 billion business turnover over 12 months. This does not mean that it is not a problem of high growth. In the first six months of 2019, revenues increased by 10% and earnings per share by 31%. This is due to the high profit margins of Mastercard (the operating margin was nearly 58%), strict control of expenses and a generous stock repurchase program which gives an additional boost to the net result.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In addition to its basic payment system, Mastercard continues to strengthen its position by adding ancillary services, such as cross-border payment systems and data security, to its customers, some of these systems being developed in-house, while others have been added via acquisition, like its purchase of Transfast in early 2019. Revenues outside its bread and butter payment processing segment were up 23% from the second quarter. "data-reactid =" 28 "> In addition to its basic payment system, Mastercard continues to strengthen its position by adding to its customers ancillary services, such as cross-border payment systems and data security, which are developed in-house, others were added through acquisitions, such as the Transfast purchase, earlier in 2019. Operating revenues other than those in the Bread and Butter Payment Processing segment recorded an increase of 23 % compared to the second quarter.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Mastercard is currently valued at 30 times a year expected profits, a heavy price tag given that the S & amp; P 500 carries a forecast price / earnings ratio over one year of 17.7. However, given the pace of continued expansion of Mastercard and the even faster conversion of revenue into profitability, this is not an extravagant bonus to pay. While Wall Street is overwhelmed by the announcement of the imminent economic catastrophe, the Mastercard action looks like a rock-solid buy. "Data-reactid =" 29 "> Currently, Mastercard is valued at 30 times the expected benefits, an exorbitant price given that the S & P 500 carries a forecast price / earnings ratio over one year of 17.7. However, given the pace of continued expansion of Mastercard and the even faster conversion of revenue into profitability, this is not an extravagant bonus to pay. While Wall Street is overwhelmed by the announcement of the imminent economic catastrophe, the Mastercard action looks like a rock-solid buy.

A growth story that is gaining ground

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Daniel Miller (Carvana):& nbsp; Carvana, a fast-growing used car dealer, is a fast-growing stock pulling full steam and Wall Street has taken notice. The stock has more than doubled in 2019, about 480% since my article mentioning it as a stock that you can not afford to miss, and is up nearly 600% since its IPO two years ago. Let's review some of its impressive growth indicators, as well as the risks inherent in holding the stock. "Data-reactid =" 31 ">Daniel Miller (Carvana): Carvana, a fast-growing used car dealer, is a fast-growing stock pulling full steam and Wall Street has taken note of it. The stock has more than doubled in 2019, up almost 480% since my article mentioning it as a title you can not afford to miss, and nearly 600% since it was released to the public two years ago . Let's review some of its impressive growth indicators, as well as the risks associated with holding the title.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Looking at the second quarter result published by Carvana on the 7th August Carvana recorded its 22nd consecutive quarter of triple-digit revenue growth, driven by a 95% increase in retail units sold.Carvana has entered 28 new markets, & nbsp;completed two vending machinesand even posted a sharp increase in its gross profit per unit (GPU) of $ 1,002, to $ 3,175, an impressive leap that exceeded its mid-term target of $ 3,000. "data-reactid =" 32 "> Carvana recorded a 22nd consecutive quarter of triple-digit revenue growth driven by a 95% increase in retail units, with Carvana entering 28 new markets, made two vending machines and even saw a sharp increase of $ 1,002 in gross margin per unit (GPU) to $ 3,175 – an impressive leap that exceeded its target of $ 3,000.

The growth story of Carvana is still in its infancy. The second-hand car retailer is poised to continue to grow its units and revenue, its annual GPU and to reduce its advertising as a percentage of revenue over time. Other factors are expected to improve the company's financial performance, including Carvana's new trend of buying more vehicles from consumers than before – vehicles purchased from consumers and then sold at retail are more profitable than auctioned vehicles and sold at retail. Another trend that favors the company is simply time spent in the markets: Carvana's older markets continue to reduce customer acquisition costs while increasing market penetration. Carvana has a long list of new markets that have only scratched their surface.

The story continues