No savings at 40? I’d buy these 2 fast-growing FTSE 100 stocks to top up the State Pension

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares 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. 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. Don’t despair if you have left it late saving for your retirement portfolio and worry about living on the State Pension. There are some top growth stocks on the FTSE 100 that could help you play catch up.The two I’m looking at here have risen strongly in recent years and, if it continues, could help you build up your wealth at a decent pace. Stocks like these could help you achieve financial independence, even starting from scratch at age 40.5G 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…Dechra PharmaceuticalsDechra Pharmaceuticals (LSE: DPA) is a blockbuster growth stock. Its share price has risen a whopping 265% in the past five years. The momentum continues, with growth of almost 27% in the past 12 months. I tipped the stock to beat the market last year, and that’s exactly what it did.Today, the Dechra share price has fallen more than 6%, as supply problems in the first quarter of the year continue to drag on performance. The market knew that already, though. Management said “significant progress” has now been made, and those supply issues have largely been mitigated. However, markets remain a little sceptical.That’s fine by me – I like to buy stocks for what they might do in the next five to 10 years, rather than the next five to 10 days. Dechra also reported a 7% rise in group net revenue and 13% growth in its European pharmaceuticals operation. A 2% drop in North America is a bit worrisome, but that is measured against a strong comparative year.The £2.94bn FTSE 250-listed company needs to convince markets that all is well, because it trades at a pricey valuation of 31.8 times earnings, meaning any sign of slippage is punished. However, with earnings forecast to rise 6% in 2020 and 17% in 2021, I’m hoping there is more growth to come.AstraZenecaFTSE 100-listed pharmaceutical giant AstraZeneca (LSE:AZN) is on a different scale, with a massive market cap of £101bn. Companies of this size can struggle to grow their share price, but that hasn’t been a problem for AstraZeneca. CEO Pascal Soriot has overseen a 41% rise in the share price over the last 12 months, and a 70% rise over three years.I’m impressed, because he faced a major challenge in replenishing the company’s dwindling drugs pipeline as key treatments went off-patent and generics piled in. Soriot has said the real benefits will be coming through from around 2024, but investors have been buying into his vision early.The group could be in for a great decade, as its heavy R&D spend pays off and new treatments secure regulatory approval around the world.Earnings growth forecasts look mighty impressive – 3% in 2019, 18% in 2020, and 24% in 2021. I haven’t seen many that positive in the FTSE 100 lately, as analysts fret about a global slowdown.AstraZeneca is a little pricey, trading at 23.7 times earnings, while the forecast yield at just 2.8% is below the FTSE 100 average of around 4.34%. But those are quibbles. The future looks bright, and this looks like a great long-term buy and hold, providing both growth and income to boost your pension in retirement, no matter how old you are today. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended AstraZeneca. 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.center_img 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. No savings at 40? I’d buy these 2 fast-growing FTSE 100 stocks to top up the State Pension Simply click below to discover how you can take advantage of this. Harvey Jones | Thursday, 16th January, 2020 | More on: AZN DPH Image source: Getty Images. See all posts by Harvey Joneslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *