The Bulls Are Coming: 2 of the Best Growth Stocks to Buy Now and Get Ahead

Are you looking for growth stocks to buy today ahead of other bullish investors?

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Bull markets are essentially what every investor waits for. If you haven’t heard of the term bull market before, it’s when the market rises 20% or more. These events are great for investors because it means they would’ve made a lot of money over that time. During bull markets, investors tend to be even more willing to put money into stocks, further raising the price of high-quality companies.

With that said, I think it’s important for investors to get into the stocks they want as soon as possible. In this article, I’ll discuss two of the best growth stocks to buy now and get ahead of everyone else.

A great growth stock for your portfolio

Shopify (TSX:SHOP) may not be as popular as it was before 2021, but I still think it’s one of the best stocks to hold in a growth portfolio today. For those who aren’t familiar with this company, it’s a leader within the global e-commerce industry. Shopify provides merchants of all sizes with a platform and many of the tools necessary to operate online stores. Because of the breadth of Shopify’s offerings, everyone from first-time entrepreneurs to large-cap enterprises can find solutions that cater to them.

The reason many investors have shied away from this stock is because of its recent struggles. Last year, the company laid off 20% of its workforce. That comes about a year after Shopify already cut more than 10% of jobs. Because of those reasons, it’s fair to wonder if the company is still headed in the right direction.

Taking a look at Shopify’s most recent earnings presentation gives us the answer to that question. In 2023, Shopify racked up US$7.1 billion in revenue. That represents a year-over-year increase of 26%. Shopify’s operating income in 2023 was also US$782 million, compared with only US$46 million back in 2019 when this stock was a high flier in the stock market. Clearly, Shopify is operating and growing very well. That’s likely why this stock has gained 75% over the past year.

Created with Highcharts 11.4.3Shopify PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

A very underrated stock

Alimentation Couche-Tard (TSX:ATD) is another great stock that Canadians should consider buying. If you don’t live in Quebec, you probably don’t know this company under its flagship name. However, consumers in other provinces may recognize it as Mac’s. Alimentation Couche-Tard also operates under different banners, such as On the Run, Daisy Mart, and Circle K, to name a few. Alimentation Couche-Tard operates in more than 20 countries and territories and has over 16,000 locations.

  • We just revealed five stocks as “best buys” this month … join Stock Advisor Canada to find out if Enbridge made the list!

This convenience store company isn’t one that many would immediately think of in terms of an outstanding growth stock. However, it’s exactly that. Alimentation Couche-Tard stock has gained nearly 100% over the past five years. In addition, the company’s dividend has grown more than 10-fold since 2013. That represents a compound annual growth rate of 27%. Although Alimentation Couche-Tard’s dividend is quite small today, it demonstrates the company’s excellent capital allocation.

Created with Highcharts 11.4.3Alimentation Couche-Tard PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Should you invest $1,000 in Alimentation Couche-Tard right now?

Before you buy stock in Alimentation Couche-Tard, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Alimentation Couche-Tard wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,058.57!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 38 percentage points since 2013*.

See the Top Stocks * Returns as of 2/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Jed Lloren has positions in Shopify. The Motley Fool has positions in and recommends Alimentation Couche-Tard and Shopify. The Motley Fool has a disclosure policy.

If You Thought Apple and Microsoft Were Big, You Need to Read This.

The steel industry produced the world's first $1 billion company in 1901, and it wasn't until 117 years later that technology giant Apple became the first-ever company to reach a $1 trillion valuation.

But what if I told you artificial intelligence (AI) is about to accelerate the pace of value creation? AI has the potential to produce several trillion-dollar companies in the future, and The Motley Fool is watching one very closely right now.

Don't fumble this potential wealth-building opportunity by navigating it alone. The Motley Fool has a proven track record of picking revolutionary growth stocks early, from Netflix to Amazon, so become a premium member today.

See the 'AI Supercycle' Stock

More on Investing

The sun sets behind a power source
Dividend Stocks

Outlook for Fortis Stock in 2025

Fortis is up 15% in the past year. Are more gains on the way?

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

Where to Invest Your $7,000 TFSA Contribution 

The investment environment is seeing a shift in 2025. Here is an investment strategy to consider for your $7,000 TFSA…

Read more »

oil pump jack under night sky
Energy Stocks

Canadian Oil and Gas Stocks to Watch for in 2025

Investing in undervalued Canadian oil and gas stocks can help you deliver outsized gains in 2025.

Read more »

Canadian Dollars bills
Dividend Stocks

1 TSX Stock to Invest $20,000 and Create $835.80 in Passive Income

If you want passive income, you want security. And you can get it with this top-notch dividend stock.

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

TFSA-Ready: 2 Low-Risk TSX Dividend Stars

These safe, dividend-paying stocks could help your TFSA grow faster than you think in the long run.

Read more »

An investor uses a tablet
Tech Stocks

Got $1,500? 1 Tech Stock to Buy and Hold Forever

Meta Platforms (NASDAQ:META) has been a winning bet that could continue to perform in 2025.

Read more »

ETF chart stocks
Investing

Turn a $20,000 TFSA Into $70,000 With This Easy ETF

This low-cost S&P 500 ETF is a simple way to grow your TFSA.

Read more »

senior man smiles next to a light-filled window
Dividend Stocks

5 Stocks for Canadian Value Investors

These five stocks all trade at compelling valuations, making them five of the best value stocks Canadian investors can buy…

Read more »