Stock picks to buy: 2 disruptive software firms set to lead industry

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Chris Armbruster co-manages a growth fund that's outperformed 96% of its peers over the last 5 years. He details 2 disruptive software stock picks with 'mission critical' importance to their clients, including the major banks adopting them.

But Armbruster is certainly in it for the long-haul when he steps into a stock. Because of this, he and Foreman look to identify the long-term trends in business and society that will drive returns — and then bet that they will.

So what is Armbruster betting on now, especially as we approach a post-COVID economy? Perhaps surprisingly to some, he's still bullish on the same trends that have driven gains during the pandemic: cloud computing, digitization of IT infrastructure, and digitization of customer interface. "Software businesses just in general really lend themselves to being high quality businesses," Armbruster told Insider on Monday.

"I think what's important is the traction they're getting," he said."Once you start to get reference customers, other banks start to trust you as a vendor."

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