Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
9.WE HAVE NO CHOICE BUT TO INVEST IN STOCKS AND HOUSING MARKET - Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
Where’s my self-driving car? - 16th Aug 22
Real Reason why Pakistan and India Gained Independence in 1947 at 75th Anniversary - 16th Aug 22
Electronic Payments Can Benefit Your Business - Here’s How - 16th Aug 22
Qualcom Stock Market Harbinger - 12th Aug 22
Apple Exec Gets World's 1st iPhone 14 for Daughters 14th Birthday Surprise Present Unboxing! - 12th Aug 22
Steps to remember while playing live roulette online - 12th Aug 22
China Bank Run Protests - Another Potential Tiananmen Square Massacre? - 11th Aug 22
Silver Coin Premiums – Another Collapse? - 11th Aug 22
Gold-to-Silver Ratio Heading Lower – Setup Like 1989-03 - 11th Aug 22
Severe Stocks Bear Market: Will You Be Among the Prepared 1.5%? - 11th Aug 22
There's a Hole in My Bucket Dear Liza, UK Summer Heatwave Plants Watering Problem Song - 11th Aug 22
Why PEAK INFLATION is a RED HERRING! Prepare for a Decade Long Cost of Living Crisis - 9th Aug 22
FREETRADE Want to LEND My Shares to Short Sellers! - 8th Aug 22
Stock Market Unclosed Gap - 8th Aug 22
The End Game for Silver Shenanigans... - 8th Aug 22er
WARNING Corsair MP600 NVME2 M2 SSD Are Prone to Failure Can Prevent Systems From Booting - 8th Aug 22
Elliott Waves: Your "Rhyme & Reason" to Mainstream Stock Market Opinions - 6th Aug 22
COST OF LIVING CRISIS NIGHTMARE - Expect High INFLATION for whole of this DECADE! - 6th Aug 22
WHY PEAK INFLATION RED HERRING - 5th Aug 22
Recession Is Good for Gold, but a Crisis Would Be Even Better - 5th Aug 22
Stock Market Rallying On Slowly Thinning Air - 5th Aug 22
SILVER’S BAD BREAK - 5th Aug 22
Stock Market Trend Pattren 2022 Forecast Current State - 4th Aug 22
Should We Be Prepared For An Aggressive U.S. Fed In The Future? - 4th Aug 22
Will the S&P 500 Stock Market Index Go the Way of Meme Stocks? - 4th Aug 22
Stock Market Another Upswing Attempt - 4th Aug 22
What is our Real Economic and Financial Prognosis? - 4th Aug 22
The REAL Stocks Bear Market of 2022 - 3rd Aug 22
The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’ - 3rd Aug 22
Don’t Be Misled by Gold’s Recent Upswing - 3rd Aug 22
Aluminum, Copper, Zinc: The 3 Horsemen of the Upcoming "Econocalypse" - 31st July 22
Gold Stocks’ Rally Autumn 2022 - 31st July 22
US Fed Is Battling Excess Global Capital – Which Is Creating Inflation - 31st July 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Watch These Next-gen Cloud Computing Stocks

Companies / Tech Stocks Oct 17, 2021 - 09:33 PM GMT

By: Submissions

Companies

By Justin Spittler : Adapt or die.

That was the tough choice facing many small businesses when COVID-19 hit.

It was truly survival of the fittest.

The good news is millions of American entrepreneurs rose to the occasion.

According to CNBC, a record 4.3 million new business applications were processed last year. And 77% of those were online businesses!

Meanwhile, millions of existing mom-and-pop shops rapidly retooled to do business on the internet.


  • As regular RiskHedge readers know, “entrepreneur stocks” made this possible.

Entrepreneur stocks help small companies set up and grow online. They’ve been lucrative investments since the pandemic struck.

Shopify (SHOP) helps businesses set up and run online stores. It has rallied 226% since April 2020.



Square (SQ) helps small businesses accept payments online. It has surged 355% over the same period.



Etsy (ETSY) gives artists and creators a marketplace to sell custom crafts. It has soared 243% since the March 2020 COVID crash.

  • But the biggest game-changer for small businesses has been the rise of “cloud computing for the little guy”…

In a nutshell, cloud computing lets companies access powerful software over the internet without paying a fortune.

Cloud computing stocks aren’t new. But most well-known cloud computing platforms, like Amazon Web Services and Microsoft’s Azure, are geared toward large enterprises.

I’m more interested in cloud computing companies that help little companies… simply because the untapped potential is huge.

Small- and medium-sized businesses employ 60 million people in the US. They also make up 99.9% of all registered companies.

But until COVID, almost none of them were online.

A recent Bloomberg study found only half of small businesses have websites. Even fewer have ever sold anything online!

Meanwhile, the huge benefits of moving to the cloud make it a no-brainer for most companies...

Deloitte found that small businesses that use the cloud grow 26% faster than ones that don’t.

That same study found 69% of companies plan to increase spending on cloud computing in the next three years.

Despite all this, most small companies haven’t moved to the cloud yet. A study by McKinsey confirms most companies only have about 20% of their workflows happening on the cloud.

In other words, there’s hypergrowth potential for cloud computing companies that focus on small businesses...

Consider Intuit (INTU)

Intuit isn’t exactly a household name. But many small businesses couldn’t live without this company. It owns the credit score–tracking company Credit Karma and budget-tracking company Mint.

It also owns the tax-preparation company TurboTax and accounting software QuickBooks. And it recently acquired MailChimp to help small businesses with email marketing.

If there were a stock market Hall of Fame, Intuit would be a shoo-in. It’s returned over 20,300% since it IPO’d in March 1993. That’s enough to turn every $1,000 into $203,300.



Then there’s HubSpot (HUBS). Like cloud computing pioneer Salesforce (CRM), HubSpot helps businesses find, engage, and convert customers. Unlike Salesforce, HubSpot focuses on helping smaller companies.

HubSpot has rallied 77% this year and 2,500% since it went public.

I’m expecting even bigger returns out of stocks like these in the years to come.

  • This is why I recently recommended Bill.com (BILL)…

Bill.com helps small businesses simplify payments with a solution that is automated, digital, and cloud-based.

Bill has surged 1,070% since it went public on December 12, 2019, and 66% since I encouraged my subscribers to buy it in June.



Bill continues to look like a market leader. However, there’s a strong possibility it will trade a little choppy until the broad market gets back on track. So, I’d like to see more confirmation of strength before I recommend buying more shares.

But companies like Bill.com will continue to thrive… because it’s never been more important for small businesses to operate on the cloud.

Keep your eyes on the cloud software stocks helping the little guys—that’s where the biggest profits will be found.

The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money"

Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here.

By Justin Spittler

http://www.riskhedge.com

© 2021 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in