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3 Game-Changing Stocks to Buy Right Now

Karen Thomas, MSc, CFA
·4 mins read
Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept
Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept

Many of us at Motley Fool have written about the pandemic. More specifically, we have written about how the pandemic has been a catalyst in accelerating many major trends. Here are three game-changing stocks to buy right now.

CloudMd: A game-changing stock in the healthcare industry

The healthcare industry is experiencing a revolution. Virtual care is on the rise. Also, healthcare records and information systems are changing rapidly. CloudMD Software and Services Inc. (TSXV:DOC) is digitizing healthcare a rapid pace.

CloudMD currently offers its services in B.C. and Ontario. This company is growing rapidly as it addresses a clear need in the healthcare industry. In fact, CloudMD is growing via acquisitions as well as organic growth. In its latest quarter, revenue increased 163%. Organic growth accounted for just under 40% of this explosive growth.

The company is armed with a healthy balance sheet. CloudMD continues to expand its network as it responds to the urgent need for a different kind of healthcare in this pandemic. These changes will be lasting. Digitizing healthcare increases efficiency and convenience. It improves patient care and doctor performance.

Ballard Power Systems: This game-changing stock is fighting climate change

The energy industry is also experiencing a revolution. Fuel cell awareness is growing along with fuel cell deployments. They are increasingly being recognized as the clean energy choice for trucks and buses. Their performance and convenience is second to none. Fuel cells are therefore emerging as a leading fuel source in the race toward clean energy.

Many estimates that have been released by various research organizations are calling for huge growth. U.S. firm Stratistics Market Research Consulting estimates that the global fuel cell market was $476 million in 2017. They forecast that it will be worth more than $50 billion by 2026. This is one of many forecasts that are calling for a fuel cell market size north of $30 billion by the mid-2020s.

Ballard Power Systems Inc. (TSX:BLDP)(NASDAQ:BLDP) is at the forefront of this revolution. With a 40-year history, Ballard has accumulated many competitive advantages, setting the company up for future prosperity and staying power. Ballard has a powerful brand, a deep expertise, and key global partnerships.

Fuel cell orders and deployments are rising significantly in key geographies. And Ballard is capturing a big chunk of this growth.

BlackBerry: a leader in cybersecurity

As more and more aspects of our world become digitized, cybersecurity becomes increasingly important. Companies need to protect our information. Their systems need to be secure. This is where BlackBerry comes in. And this is why BlackBerry Ltd. (TSX:BB)(NYSE:BB) is a game-changing stock.

This leading tech company has already achieved a variety of certifications for its top notch cybersecurity software. Thirty-one countries recognize this software, which has met the worldwide security standard. It has also achieved NATO restricted level certification.

But that’s not the only game-changing technology that BlackBerry has to offer. BlackBerry QNX is at the forefront of transforming automobiles into connected systems today and autonomous vehicles tomorrow. This means that the future for BlackBerry remains bright. The global market size is widely expected to increase threefold in the next five years. The market was valued at more than $60 billion in 2020. It is expected to be more than $180 billion by 2025.

Motley Fool: The bottom line

The three game-changing stocks discussed in this article all have strong secular tailwinds. They are stocks to buy because they are driving a changing world. Here at Motley Fool Canada, we are looking to participate in these changes. Investors who buy these stocks today can participate. Consider buying these game-changing stocks and watch your portfolio grow with them.

The post 3 Game-Changing Stocks to Buy Right Now appeared first on The Motley Fool Canada.

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Fool contributor Karen Thomas owns shares of BALLARD POWER. The Motley Fool recommends BlackBerry and BlackBerry.

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