2 Growth Stocks to Buy and Hold for the Next Decade
Last year was more than impressive for equity investors. Tech stocks drove the S&P 500 higher by 30% in 2019, and the bull run has now extended to 2020. But even as markets trade marginally below record highs, there are still some tech stocks that have experienced a pullback in recent times. Cloud companies MongoDB (NASDAQ: MDB) and Twilio (NYSE: TWLO) are trading below their 52-week highs, but they might gain significant momentum if the market sustains its bull run in 2020. Here's why you might want to consider an investment in these two growth stocks.
Shares of MongoDB went public back in October 2017 at $24. The stock has gained close to 600% in less than three years, easily crushing the broader market's returns. But what has driven this incredible growth?
MongoDB is a general-purpose database platform. The company's platform is designed to run applications in the cloud, on-premise, and in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes the company's proprietary database server, security, and enterprise management capabilities, and graphical user interface and analytics integrations.
Source Fool.com
