The US stock market has experienced significant volatility in recent years, swinging sharply between bullish and bearish phases. In an uncertain market environment, it becomes essential for retail investors to find stocks that can grow in bullish markets and demonstrate stability in bearish markets.
Online trading platforms also play a vital role in making investing more accessible to a wider audience. By removing deposit requirements and high fees, these brokers have made it possible for people with limited budgets to invest significantly in the stock market.
Even if you only have an extra $300 set aside to invest, you can make smart buys, including these two stocks.
Palantir
The first stock you should consider adding to your portfolio is a data mining and artificial intelligence (AI) specialist. Palantir Technologies (NYSE: PLTR)Known for helping its clients derive insights from large and complex data sets, the company’s data mining capabilities have been further enhanced by its recently launched Artificial Intelligence Platform (AIP).
Management noted that while some of its competitors may claim that “only 10% of my customers have AI-ready data,” AIP is capable of analyzing unstructured data from a variety of sources such as emails, Slack messages, PDFs, text messages and images.
Palantir’s U.S. commercial business is growing rapidly, driven primarily by increasing adoption of AIP by existing and new customers. The company’s U.S. commercial revenue increased 40% year over year to $149.7 million in the first quarter, while its U.S. commercial customer base increased 69% to 262.
Growth in the company’s core business, the U.S. government, also began to accelerate, with revenue up 8% year over year (up from 3% in the previous quarter). The company was awarded a $178.4 million direct contract by the U.S. Army, under the Tactical Intelligence Targeting Access Node (TITAN) program. As the “first software company”—or the first software company to have a direct contract with the U.S. military for a hardware project—Palantir is poised to seize many new opportunities in the defense sector.
Analysts expect Palantir’s revenue to grow at a compound annual growth rate of 21.5%, from $2.23 billion last year to $5.87 billion in 2028. Given the multiple catalysts behind this healthy growth projection, Palantir is an easy choice for a long-term investment.
Confluence
The second must-have stock that is a great buy is the cloud-native data streaming platform provider Confluence (NASDAQ: CFLT)The company enables customers to process and analyze data streams across hundreds of custom, operational and analytical applications to gain valuable insights in real time.
Confluent was co-founded by the creators of the open source Apache Kafka platform. The company offers an on-premises solution called Confluent Platform and a fully managed cloud-native solution called Confluent Cloud. The latter has become the fastest-growing offering for enterprises.
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