2 Growth Stocks That Just Crushed Earnings
Small businesses are very sensitive to the state of the economy. They're closely tied to local communities, and therefore don't have the level of reach, scale, or access to capital that large corporations do. So when the economy falters, they're often the first to suffer. Conversely, when times are good, we tend to see a boom in new businesses opening.
While it's not always possible to buy stakes in smaller businesses, there are large-cap companies whose success is directly tied to the general health of these ventures. For example, Intuit (NASDAQ: INTU) and Bill.com Holdings (NYSE: BILL) provide software to small and mid-sized enterprises to make accounting and back-office operations more manageable.
Both just reported strong fiscal full-year earnings results, which suggests small businesses are thriving in the current economic environment.
Source Fool.com
