Stocks

2 Unstoppable Growth Stocks Poised for Success in June

Published June 29, 2024

For savvy investors seeking robust growth prospects, June might just bring the opportunity to tap into stocks with unstoppable momentum. Among the myriad of options in the market, there exist companies blending profitability with a keen ability to generate substantial cash flows—two traits that are music to the ears of growth-focused investors. Notably, two stocks capturing this essence are IIPR and SHOP, both of which are worth a closer look for their screaming buy potential.

Innovative Industrial Properties, Inc. IIPR

Innovative Industrial Properties, Inc. IIPR, a dynamic player in the medical cannabis space, is a Maryland-based corporation that specializes in acquiring, managing, and leasing specialty properties. With a business model centered around partnering with state-licensed operators, IIPR taps into the burgeoning market of regulated medical cannabis facilities. As legislation shifts and the industry grows, IIPR is well-positioned to capitalize on this expanding sector, offering investors a unique combination of real estate exposure and the high-growth potential of the cannabis industry.

Shopify Inc. SHOP

On the digital commerce frontier, Shopify Inc. SHOP stands as a major force, providing an extensive platform for commerce and business services across several key global markets. With headquarters in Ottawa, SHOP has established itself not just in its home country of Canada, but also in significant markets like the United States, the United Kingdom, Australia, and Latin America. Through its scalable and innovative platform, SHOP empowers merchants worldwide to manage and grow their businesses, thereby cementing its role in the rapidly evolving e-commerce landscape. As more businesses pivot to or expand their online presence, SHOP is likely to continue its upward trajectory, making it an attractive investment for growth-oriented portfolios.

Investment, Growth, Profitability