Founded by Fred Luddy, who coded the company's initial prototype on a flight from San Francisco to London, ServiceNow (NYSE:NOW) is a software provider helping companies automate workflows across IT, HR, and customer service.

ServiceNow’s bountiful free cash flow gives it the ability to invest in many ventures. On top of that, its strong projected revenue growth suggests healthy demand for its products. This is a prime example of a "high-quality" business.

Named after a database the founders had to painstakingly look after at their previous company, Datadog (NASDAQ:DDOG) is a software-as-a-service platform that makes it easier to monitor cloud infrastructure and applications.

Datadog is exceptional. Its 37.7% annual revenue growth sets it apart and its efficient sales engine produces significant cash that can be reinvested into new products. 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. This is one of the highest-quality software stocks in our coverage.

With a focus on the CFM56 engine that powers Boeing and Airbus’s planes, FTAI Aviation (NASDAQ:FTAI) sells, leases, maintains, and repairs aircraft engines.

FTAI Aviation is a world-class company. Its cocktail of high growth and exceptional profitability makes it a crown jewel in the investment community. No coincidence the stock is up 839% over the last five years.

Formerly part of Emerson Electric, Vertiv (NYSE:VRT) manufactures and services infrastructure technology products for data centers and communication networks.

Vertiv is one of the fastest-growing industrials companies. Wall Street expects its revenue to grow 15.3% over the next 12 months. Furthermore, its rising free cash flow margin gives it more chips to play with. No coincidence the stock is up 615% over the last five years.

Providing body cameras and tasers for first responders, AXON (NASDAQ:AXON) develops technology solutions and weapons products for military, law enforcement, and civilians.

Axon’s potential is so outstanding it makes up triple check our models. Its combination of high growth, extraordinary profitability, and trending products makes it a beloved asset within investment circles. No coincidence the stock is up 630% over the last five years.

Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity.

Broadcom’s deep technical expertise empowers it to create some of the most innovative semiconductor products. On top of that, its solid free cash flow generation gives it many reinvestment options. No coincidence the stock is up 564% over the last five years.

Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.

MercadoLibre is a world-class company. Its combination of high growth and extraordinary profitability makes it a beloved asset within investment circles. On top of that, its cost-efficient marketing campaigns allow it to target and onboard new users at scale. No coincidence the stock is up 249% over the last five years.

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. This is a fantastic business you don’t see often.