Looking for growth stocks to invest in? Look no further, as there are some strong contenders in the market that are often overlooked by investors. Despite their impressive performance, these growth stocks are just getting started on their upward trajectory.
One such stock is goeasy (TSX:GSY), a Canadian financial services company that specializes in non-prime leasing and lending. The company has seen its shares climb by 97% in recent years, reaching 52-week highs and moving closer to its all-time high. With a solid growth strategy in place, goeasy continues to trade at a value price, with a low price-to-earnings ratio and a decent dividend yield.
Another promising option is Constellation Software (TSX:CSU), a tech company that has been on a winning streak thanks to its acquisition strategy. Despite trading at a higher valuation, investors have recognized the long-term potential of the company, leading to a 36% increase in its stock price this year. Constellation Software operates as a provider of software and services to various industries worldwide, with a focus on acquiring profitable businesses with strong management teams.
Whether you have a small or large budget, these two growth stocks are worth considering for your portfolio. With a proven track record of growth and stability, both goeasy and Constellation Software offer long-term potential for investors. Don’t miss out on these opportunities to buy and hold forever.
Remember, when our analyst team has a stock tip, it’s worth paying attention. The Motley Fool’s newsletter, Stock Advisor Canada, has been outperforming the TSX by 32 percentage points. Keep an eye out for their recommendations, including the 10 best Starter Stocks to buy right now, which includes Constellation Software among others.
In conclusion, goeasy and Constellation Software are strong contenders in the growth stock market, offering potential for long-term growth and stability. Consider adding them to your portfolio for a solid foundation for your investments.