A new month is just around the corner, so what better time to take a look at your portfolio and see if there are any additions that could take it to the next level.

To help you on your way, I’ve picked out three exciting growth shares that I believe are well-placed to be market beaters over the coming years.

Here’s why I think it is worth looking at adding them to your portfolio:

Bubs Australia Ltd (ASX: BUB)

Bubs is a growing infant formula and baby food company which could be destined for big things. It has been growing at a strong rate over the last few years and looks well-placed to continue this trend in the coming years. Especially given increasing demand in China and its supply agreements with Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW) supermarkets. 

IDP Education Ltd (ASX: IEL)

IDP Education is a provider of international student placement services and English language testing services. It has been growing at an explosive rate over the last few years and was doing so in FY 2020 until the pandemic grounded its business to a halt. In the first half of the year IDP Education delivered a 49% increase in earnings before interest and tax to $86.9 million. While the second half will be much weaker and the first half of FY 2021 could be equally subdued, I believe it will bounce back very strongly once the crisis passes and international borders reopen again. After which, I believe it has the potential to grow very strongly over the next decade.

Pushpay Holdings Group Ltd (ASX: PPH)

The Pushpay share price has been on fire over the last 12 months, but I wouldn’t let that put you off investing. I believe the donor management platform provider has the potential to grow materially over the next 10 years. Especially with management targeting a 50% share of the medium to large church market. This represents a US$1 billion per year revenue opportunity, which is many multiples more than the US$127.5 million revenue it delivered in FY 2020.

More reading

• Where will the Coles share price be in 1 year?
• How much should you pay for earnings reliability from shares?
• 3 quality ASX 200 blue chip shares to buy right now
• Why Fortescue, Freedom Foods, Pushpay, & QBE shares are dropping lower
• Where to invest $10,000 into ASX shares immediately

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO and Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended BUBS AUST FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The BHP Group Ltd (ASX: BHP) share price is down 8.79% year to date but continues to climb higher since its March lows.

BHP shares fell as low as $24.05 on 13 March in the midst of the bear market. However, the company’s share price is back up to $35.50 and is now outperforming the S&P/ASX 200 Index (ASX: XJO) in 2020.

So, is this just a flash in the pan or is the BHP share price back in the buy zone this year?

Why the BHP share price could be a buy

BHP is a diversified miner with strong operations across iron ore, copper, aluminium and diamonds. This means there are a lot of potential earnings streams to help weather the current downturn.

I think we’ll continue to see strong demand for iron ore in 2020. The coronavirus pandemic has sparked what looks to be a global recession with governments across the globe trying to stabilise their economies.

One of the easiest ways to do this is through infrastructure spending. I think we could see governments like China and Australia turn to infrastructure to boost employment and economic output.

That’s good news for the BHP share price and the company’s shareholders. Iron ore is a basic material used for steel production and any infrastructure projects could help support global demand.

What are the downside risks?

Despite some strong tailwinds, there are risks to buying the BHP share price at $35.50.

Geopolitical tensions remain high in 2020. That means we could see further trade wars either between the USA and China or China and Australia.

That’s bad news for major exporters like BHP. The other risk factor is just the uncertainty. No one really knows what the future holds in the coming months, let alone years.

Given the current economic climate, I think it’s quite likely we will continue to see sharp BHP share price movements for at least the next few months. If you’ve got what it takes to ride out this short-term volatility, BHP could still represent solid, long-term buying at current prices.

More reading

• Where will the Coles share price be in 1 year?
• Tax planning for ASX 200 investors
• 5 things to watch on the ASX 200 on Wednesday
• 2 ASX shares that are absurdly cheap right now
• Why ASX 200 travel shares are soaring higher today

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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