first_imgForget Bitcoin. I’d invest in this hot ‘millennial’ stock and this video game company Bitcoin has had a great run in 2020 so far, rising from $7,200 to around $9,600. That 30%+ price rise has got many investors interested in the cryptocurrency again.I’m not tempted to invest, however. Not only is the digital asset notoriously volatile, but it’s also impossible to value – it could rise to $20,000 but it could just as easily fall back to $1,000.  5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…If large financial gains are what you’re looking for, I say you’re better off investing in smaller growth companies. As smaller companies grow in size and their profits increase, their share prices tend to rise as well. This means that if you pick the right stocks, you can turn a little bit of money into quite a large sum. With that in mind, here’s a look at two smaller growth companies I’m backing right now.Online fashion superstarOne of my favourite growth stocks at the moment is online fashion retailer Boohoo (LSE: BOO), which owns a number of leading brands including Boohoo, Pretty Little Thing, MissPap and Nasty Gal – all of which are very popular with millennials. While many UK retailers are struggling at present, Boohoo is absolutely flying.Indeed, a trading update in January showed that for the four months to 31 December 2019, total group revenue surged 44%. And for the full financial year ending 29 February 2020, the group raised its revenue guidance to 40% to 42%, significantly higher than its previous guidance of 33% to 38%. These growth figures suggest that the AIM-listed company has considerable momentum at present.Now, Boohoo shares aren’t cheap. With analysts forecasting earnings per share of 6.96p for the year ending 28 February 2021, the forward-looking P/E ratio is about 47. That’s a high valuation that doesn’t leave a lot of room for error. However, the share price trend here is up, so I think the shares are likely to continue rising if growth remains strong.Video game specialistAnother growth stock that I really like the look of right now is Keywords Studios (LSE: KWS). It specialises in video game technical and creative services such as functional testing, localisation, and art creation, and works with most of the world’s largest video game developers, including Epic Games (Fortnite) and Activision Blizzard (Call of Duty).Like Boohoo, Keywords is growing at a fast pace. In January, the company advised that it expects full-year FY2019 revenue growth of around 30%. And looking ahead, analysts expect top-line growth of around 15% this year.KWS shares have received a number of broker price target upgrades recently. For example, earlier this month, analysts at Berenberg lifted their price target from 1,288p to 1,700p, stating that the company is well placed to deliver “material growth” in 2020 and beyond. “We have always argued that Keywords is a multi-year winner,” the analysts wrote in a note to clients. Meanwhile, analysts at Jefferies also lifted their price target for the stock recently, to 1,881p. “We’re confident [Keywords’] opportunity-set and attractiveness has grown,” they said to clients.Keywords Studios currently trades on a forward-looking P/E ratio of about 31. That is an expensive valuation no doubt, but given the rapid growth of the video game industry, I think it’s a fair price to pay. Image source: Getty Images Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Edward Sheldon owns shares in Boohoo Group and Keywords Studios. The Motley Fool UK has recommended boohoo group and Keywords Studios. 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. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Edward Sheldon, CFA | Sunday, 23rd February, 2020 | More on: BOO KWS Enter Your Email Address Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Edward Sheldon, CFAlast_img

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