3 Growth Stocks to Buy and Hold for the Next 10 Years
One method that many investors use as they attempt to find suitable stocks to hold for the long term is to look first for broad, powerful trends -- the kind that have the potential to endure for years or even decades. Identifying them is not always a simple task, but businesses that successfully position themselves to ride such tailwinds can enjoy long stretches of growth in both revenue and net income.
In the past year, the already-strong trends toward digitalization, e-commerce, and online payments were significantly accelerated by the social-distancing measures the pandemic demanded. Those changes, in turn, led to more rapid growth in data usage.
All of these tailwinds will be further intensified by the heavy investment that is happening in 5G networks and better smartphone technology, which will allow a greater number of businesses to deliver their services via the cloud.
Source Fool.com
