The stock market can be an intimidating place for the uninitiated investor. The constant stream of news, new products, and company partnerships can all seem overwhelming at first glance. However, this makes the stock market an exciting opportunity for enterprising investors. There are plenty of opportunities to make money in the stock market if you know where to look. The key is to invest in companies that will stand out as growth stocks over the coming years. Here are five great stocks to buy now and why we think they’ll outperform in the coming years.
Paycom Software Inc. (NYSE: PAYC)
Paycom Software, Inc. is a global SaaS-based employee experience and engagement solutions provider. The Company’s HR solutions include Talent Acquisition, Employee Engagement, Onboarding and Training, Compensation and Benefits, and Workforce Management. Its customer engagement solutions include customer experience, relationship management, insights, and analytics. Organizations use the Company’s products to manage their employees, customers, and business operations. Its solutions are offered through three customer channels: direct sales, partner channels, and end-user self-service. The Company was founded by Richard J. Lambert and David L. Clark in 1998 and is headquartered in Phoenix, Arizona. Why This Stock Might Be a Great Investment, We’ve got a few reasons why we’re bullish on this stock. First, the Company is doing exceptionally well in a growing industry. The SaaS industry continues to grow every year. Paycom’s growing customer base has shown that it can keep up with the demand for its services. The Company’s revenue has steadily increased for the past five years and continues to trend upwards. We’re also excited about the Company’s focus on expanding internationally. International payment currently makes up less than 20% of the Company’s total revenue, which means Paycom has lots of room to grow in markets outside the United States. As the Company continues to expand into other countries, it will likely see even more growth.
RPM International Inc. (NYSE: RPM)
RPM International Inc. develops and manufactures specialty chemicals. The Company’s products are used in various industries, including construction, mining, oil and gas, health care, food and beverage, water treatment, and other industrial and commercial applications. The Company operates through three segments: Industrial Specialty Products, Construction Products, and Real Estate. The Industrial Specialty Products segment manufactures products used in various industries, including automotive, chemicals, electronics, food and beverage, health care, industrial, municipal water treatment, and oil and gas. The Construction Products segment manufactures products used in construction applications such as asphalt paving, roofing, concrete paving, and specialty construction. The Company was founded by Roy L. Powell in 1921 and is headquartered in Cincinnati, Ohio. Why This Stock Might Be a Great Investment, We’re bullish about this stock because the Company is set to benefit from several macro trends that will keep expanding. First, construction spending is expected to rise over the next decade as the economy continues improving and more people return to work. RPM is a significant player in the construction goods market, making it an excellent investment during an economic upturn. Second, the Company is also in a great position to benefit from the rising demand for renewable energy. The push towards more green energy will spur demand for concrete, which will only help RPM boost its sales even further.
Interactive Brokers (NASDAQ: IBKR)
Interactive Brokers Group, Inc. provides automated securities trading and other financial services. The Company offers Investors trading and investment tools, including order execution, trading and investment analysis, and risk management, and Retail traders and investors trading and investment tools, including order execution, trading and investment analysis, and risk management. It also offers clearing and settlement services for securities, futures, options, and other derivatives; and Acts as a registered broker/dealer for customers who trade on its electronic trading platform. Traders and investors use the Company’s products to buy or sell stocks, bonds, options, and futures. Why This Stock Might Be a Great Investment, We’re bullish about this stock because the Company is well-positioned to benefit from solid trends in the financial services industry. First, we expect the booming financial technology sector to continue to grow. That has led to a massive demand for online brokerage services like Interactive Brokers. IBKR is one of the most prominent players in this market, making it well-positioned for future growth. Second, the Company is also set to benefit from the growing popularity of robo-advisors. IBKR has recently partnered with a significant robo-advisor to offer its services to the increasing number of people looking to invest their money with a robo-advisor.
Balchem Corporation (NASDAQ: BCPC)
Balchem Corporation is a specialty chemicals company. The Company operates through three segments: specialty, pharmaceutical, and Special Projects. The Specialty Products segment comprises a portfolio of high-value, branded, specialty chemicals used in the agriculture, home and garden, industrial, and institutional and commercial pest control industries. The Pharmaceutical Products segment comprises branded and generic pharmaceuticals, topical treatments, and ophthalmic pharmaceuticals. The Special Projects segment consists of hydroxyethyl cellulose (HEC) produced by the Company’s joint venture in Fujian Province, China. The Company’s products are used in various industries, including agriculture, home and garden, industrial, and institutional and commercial pest control. The Company was founded in 1951 and is headquartered in St. Louis, Missouri. Why This Stock Might Be a Great Investment, We’re bullish about this stock because it’s poised to see strong growth as more emerging markets take advantage of its agricultural products. The Company’s agricultural chemicals are used in countries across the globe, but they are trendy in Asia, Latin America, and Africa. As more countries in these regions see economic growth, they are expected to use more pesticides and other chemicals to boost crop production. BCPC is a significant player in these two key regions, making it an excellent investment as the world’s population grows and demands more food.
Conclusion
The stock market can be an intimidating place for the uninitiated investor. The constant stream of news, new products, and company partnerships can all seem overwhelming at first glance. However, this makes the stock market an exciting opportunity for enterprising investors. There are plenty of opportunities to make money in the stock market if you know where to look. The key is to invest in companies that will stand out as growth stocks over the coming years. Here are five great stocks to buy now and why we think they’ll outperform in the coming years.
Read More: Best Stocks To Buy Now: November 28, 2022