The 2 Tech Stocks to Buy During an Economic Boom

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.

Source Fool.com