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DailyBubble News

2 slam-dunk growth stocks I’ve got my eye on for July

Some well-established businesses with strong brand power, wide reach, and a solid track record can still be considered exciting growth stocks. Two such companies that have caught my attention are Coca-Cola HBC and Kainos Group.

Coca-Cola HBC is not the famous drinks giant itself, but rather a strategic partner that is one of the largest bottling companies for the popular brand. Despite concerns about economic turbulence and inflation impacting costs and margins, the sheer brand power of Coca-Cola, along with Coca-Cola HBC’s track record and revenue growth, make it a stock worth considering. Additionally, the company offers a dividend yield of 2.9% and trades at a reasonable price-to-earnings ratio of 12.

On the other hand, Kainos Group is a UK-based tech company specializing in software implementation, particularly in the Workday segment. With a focus on implementing Workday solutions and utilizing artificial intelligence (AI) for growth, Kainos has the potential to boost earnings and returns. However, there is a risk that the same AI technology the company is implementing could eventually replace the need for its services, impacting earnings and returns. Nevertheless, Kainos shares also offer a passive income opportunity with a dividend yield of 2.5%.

Overall, both Coca-Cola HBC and Kainos Group present promising growth opportunities for investors to consider.

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