Started by Peter Thiel after seeing US defence agencies struggle in the aftermath of the 2001 terrorist attacks, Palantir (NYSE:PLTR) offers software as a service platform that helps government agencies and large enterprises use data to make better decisions.

Palantir’s bountiful free cash flow gives it the ability to invest in many ventures. Furthermore, its excellent projected revenue growth suggests it’s poised to win significant market share. We believe this is one of the best software stocks in the world.

Founded in 2014 and named after the dreaded first day of the work week, Monday.com (NASDAQ:MNDY) is a software-as-a-service platform that helps organizations plan and track work efficiently.

Monday.com’s efficient sales engine, remarkable revenue growth, and bountiful free cash flow generation position it as a winner in the competitive software-as-a-service market. We believe this is one of the best software stocks in the world.

Short for microcomputer software, Microsoft (NASDAQ:MSFT) is the largest software vendor in the world with its Windows operating system, Office suite, and cloud computing services.

Despite its massive scale, Microsoft has posted solid revenue growth over the last five years. It also boasts a rare competitive moat that materializes into durable pricing power and some of the best profit margins across all public companies.

A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications.

Quanta is one of the fastest-growing industrials companies. Wall Street expects its revenue to grow 13.8% over the next 12 months. Additionally, its surging backlog proves it has a healthy sales pipeline. No coincidence the stock is up 738% over the last five years.

The developer of the world’s first frost-proof water meter in 1905, Badger Meter (NYSE:BMI) provides water control and measure equipment to various industries.

Badger Meter is a world-class company. Its impressive revenue growth, exceptional profitability, and promising outlook make this a business we can’t afford to miss. No coincidence the stock is up 245% over the last five years.

With low-pressure heating systems as the first product, Trane (NYSE:TT) designs, manufactures, and sells HVAC and refrigeration systems, the former to commercial and residential building customers and the latter to commercial truck manufacturers.

Trane Technologies’s remarkable blend of high free cash flow margins and canny capital allocation gives it an edge over its competitors. On top of that, its expanding operating margin shows it’s becoming an even more efficient business. No coincidence the stock is up 284% over the last five years.

Headquartered in Israel, Nova (NASDAQ:NVMI) is a provider of quality control systems used in semiconductor manufacturing.

Semiconductors are the lifeblood of technology and Nova produces some of the finest. On top of that, its exceptional revenue growth indicates it’s rapidly taking market share. No coincidence the stock is up 444% over the last five years.

Founded in 2005 by two University of Virginia roommates, Reddit (NYSE:RDDT) facilitates user-generated content across niche communities (called subreddits) that discuss anything from stocks to dating and memes.

Reddit is growing like crazy. Experts predict its innovative products will fuel sustainable gains in revenue, users, and ARPU. Additionally, its rising free cash flow margin gives it more chips to play with. This is one of the highest-quality internet stocks in our coverage.

The passion project of two chicken wing aficionados in Texas, Wingstop (NASDAQ:WING) is a popular fast-food chain known for its flavorful and crispy chicken wings offered in a variety of sauces and seasonings.

Wingstop has the secret formula. It not only sports a promising outlook but also grows sales rapidly while printing profits, giving it sky-high return potential. Any surprise this is one of our favorite stocks?