These 2 Stocks Are All-Stars in the Making
The S&P 500 has plunged 25% so far this year as I write this. While upsetting for investors, now is the ideal opportunity to pounce on solid stocks at low prices. A smart investment strategy is to buy and hold stocks of growing companies that have a good chance of beating the market over the long term.
The two I have in mind are visual-based social media company Pinterest (NYSE: PINS), and e-commerce retailer Etsy (NASDAQ: ETSY). These two businesses got a solid boost from pandemic lockdowns, when social media platforms and online shopping outlets lured in folks stuck at home. It is unreasonable to expect the companies to maintain the same momentum forever, but both are growing even in a challenging macroeconomic environment now. Let's take a closer look to see why these stocks look like fantastic long-term investments.
Image source: Getty Images.
Source Fool.com
