2 Outstanding Growth Stocks to Purchase in the Current Bull Market

The stock market can be a rollercoaster of ups and downs, but one thing remains consistent – its potential for growth. The S&P 500, a popular barometer for the U.S. stock market, has seen significant gains in the past 20 months, with a 53% surge since entering bull market territory. But what does history say about the stock market’s trajectory?

According to historical data, the S&P 500 has returned an average of 184% during past bull markets, realized over approximately 64 months. If the current bull market aligns with this historical average, the index could potentially advance 131% over the next 44 months. Even if these gains do not materialize, investors can still have confidence in the long-term growth potential of the stock market.

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Over the last 30 years, the S&P 500 has delivered impressive returns of 2,010%, compounding at an annual rate of 10.7%. This period covers a wide range of economic conditions, indicating that similar returns are probable in the coming decades. Armed with this knowledge, patient investors should consider investing in the stock market today.

At Extreme Investor Network, we believe in identifying opportunities for growth and value in the market. Here are two companies that we see as worth buying in the current market environment:

Shopify (NYSE: SHOP): As a leader in retail e-commerce software, Shopify has been gaining momentum in the wholesale sector as well. The company offers a comprehensive platform that supports merchants across various sales channels, including online marketplaces, social media, and direct-to-consumer websites. Additionally, Shopify’s enterprise-grade platform, Shopify Plus, provides advanced features for larger businesses, such as B2B commerce tools.

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Recent recognition from research firms like Gartner and Forrester Research has highlighted Shopify’s innovation and leadership in the digital commerce space. The company’s financial performance in the first quarter was strong, with revenue increasing by 23% and non-GAAP net income also showing significant growth.

Paycom Software (NYSE: PAYC): Paycom is a provider of payroll and human capital management (HCM) software, offering businesses a comprehensive platform to manage the entire employee lifecycle. The company’s focus on innovative workflow automation has set it apart in the industry, with features like Beti and Gone enhancing the user experience.

Despite slower growth on the bottom line due to investment in product development, Paycom reported solid financial results in the first quarter. Wall Street expects the company to grow earnings per share at a decent rate, making its current valuation quite reasonable.

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At Extreme Investor Network, we see great potential in these two growth stocks for investors looking to capitalize on the market’s long-term growth. By staying informed and identifying valuable opportunities, investors can position themselves for success in the ever-changing financial landscape.