BlackBerry Stock (TSX: BB) is one of the top 3 growth stocks to buy in July
Growth stocks like Blackberry (TSX: BB) (NASDAQ: BB) may be the secret to getting rich someday. The challenge is to find the right ones. In this Motley Fool article, I’ll share three of the top growth stocks on the TSX today. Aren’t you tired of wishing for lucky luck? Let’s do something about it.
Without further ado, here are three growth stocks to buy. They could make you rich one day.
BlackBerry action: the road is long, but the payoff could be huge
BlackBerry is one of the leading technology companies in Canada. It’s also a great game on two of the top-grossing businesses. The problem is, these companies are still in their infancy. By definition, this means that there is a lot of risk involved in the price of the Blackberry stock.
BlackBerry’s first lucrative business is cybersecurity. Essentially, BlackBerry has a multitude of technologies aimed at ensuring the security of computer systems. Through the use of artificial intelligence and machine learning, BlackBerry creates cutting-edge security systems.
It is a huge global industry valued at around $ 165 billion in 2020. Many industry experts expect it to grow at a compound annual growth rate of over 10% per year. over the next few years.
BlackBerry’s second lucrative business is embedded systems. Essentially, BlackBerry provides software for in-vehicle systems. This software enables machine-to-machine connectivity. You can find it used in many industries. These connected systems are changing the way we do business and the way we live.
The company is best known in this field for its success in creating connected and autonomous cars. But this technology is also widely used in medical devices and robotics.
The BlackBerry stock price has risen sharply given the extreme growth rates of its industries. It is also expected to skyrocket, as BlackBerry industries are part of real secular changes that will be with us for a long time to come.
Ballard Power stock: An even longer road than Blackberry stock
Ballard Power (NASDAQ: BLDP) (TSX: BLDP) is an exciting and lucrative fuel cell business game. And that’s a good thing because the fuel cell industry is growing. It took a really long time. But it is finally coming to fruition.
Today, the global deployment of fuel cells is booming. From China to Europe to North America, the world is interested in the benefits of fuel cell heavy trucks.
For example, they are environmentally friendly. In addition, they have greater power and reliability than batteries. They are quickly becoming the energy choice for trucks, buses, trains and marine vehicles.
Ballard Power’s inventory really came to life as the fuel cell industry gained traction. In fact, has it increased by almost 300% over the past two years? The growth track is so long and the benefit is so huge.
This means that there is a lot more to come for Ballard Power stock – just like there is so much more to come for the BlackBerry stock price. Ballard just needs to maintain its competitive edge and its leadership in the fuel cell race.
Action Well Health Technologies: A Game About the Future of Healthcare
Well health technologies (TSX: WELL) is an omnichannel digital health company changing healthcare. Like BlackBerry, Well Health is focused on using technology to disrupt an industry. The role Well Health has played in improving health care has been enormous.
It is not wise to run health systems without using technology. Because technology changes everything. For example, it offers better results. In addition, it improves efficiency and innovation. The pandemic gave impetus to changes that were already due and to come.
The bottom line
The three growth stocks discussed in this article are all disruptors – and at Motley Fool, we love disruptors. They are changing the face of their industries. While Blackberry and Ballard have yet to see the revenue growth, they are in the process of implementing it.
It’s calm before the fireworks display. Well Health Technologies, on the other hand, is more advanced. Its turnover growth is already well above 100%. This is a preview of what we might see from Blackberry and Ballard someday soon.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We are straight! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer, so we post sometimes articles that may not conform to recommendations, rankings or other content. .
Fool contributor Karen Thomas owns shares of Ballard Power. The Motley Fool recommends BlackBerry.