Record low interest rates, trillions of dollars in government stimulus spending, and pent-up demand from consumers who have been burdened by COVID restrictions for the last 18 months -- that's a recipe for a powerful economic expansion unlike anything we've seen in our lifetimes. Over 99% of American businesses are small businesses, and they employ almost 50% of all workers across the country so their participation is critical to sustained growth.
As the economic recovery kicks into high gear, Bill.com (NYSE: BILL) and Intuit (NASDAQ: INTU) will benefit from an influx of new small-to-medium-sized businesses. Both companies offer software that makes the tedious parts of running a business more seamless, helping with things like managing payables and bookkeeping. They're already delivering robust growth, and both stocks have votes of confidence from Cathie Wood's ARK Fintech Innovation ETF .
This company provides a cloud-based platform aimed at solving an age-old business issue. When businesses receive numerous invoices, sometimes things get missed -- not to mention how manually making payments and entering the data into bookkeeping software is a complete time sink.
For further details see:
The 2 Tech Stocks to Buy During an Economic Boom