Today we're taking a look at two growth stocks that should be on your watchlist right now. The first is competitively placed in the educational market and seeing a substantial amount of new student enrollment growth. The second is a gaming company with a unique loyalty program -- and it's going public via a SPAC (special-purpose acquisition company) merger.
First, we'll talk about American Public Education (APEI 2.00%). It has two significant sources of revenue. The first is Hondros College of Nursing, which serves the needs for nursing education both online and in campus; new student enrollment growth for 2020 was up 88% from 2019. The second is American Public University, which serves military, public service, and civilian communities; new student enrollment growth for 2020 was 25% greater than 2019.
Second, we'll discuss the SPAC Acies Acquisition (ACAC). It's in talks to merge with Playstudios, a gaming company backed by MGM Resorts International, which offers real-world rewards that people can collect by playing games. Playstudios already has partnerships with numerous hotels, cruises, and restaurants; loyal players of its games can reap the rewards of free night stays, free tokens, and much more.