- by Stocktry Expert
- 06th Aug 2020
3 Growth Stocks to Buy and Hold on
Due to the time of pandemic terror, it is natural for investors to feel distressed regarding their stock and the low market blows. To mitigate these risks, padding your portfolio with stocks that that demonstrate recession resistance is the way to go. Here are three growth stocks that you can buy and hold for the next 50 years.
Alphabet
It is one of the stalwarts in the exclusive quintet of tech stocks called FAANG. With Google, the top search engine in the world, and popular video-sharing platform YouTube representing just a handful of the highly profitable subsidiaries in Alphabet's stable, this stock presents a unique investment opportunity that few other stocks offer. Alphabet closed out an excellent 2019 with a reported $162 billion in revenue that was up 18% from the year prior. Revenue in the fourth quarter of 2019 increased by 17% to $46 billion. The company's revenue from Google search and other advertising also skyrocketed by 17% in the final quarter of 2019, clearing $27 billion. YouTube advertising accounted for $4.7 billion of Alphabet's revenue in Q4 2019, while Google Cloud brought in $2.6 billion in revenue for the tech giant.However, if you're thinking about buying a stock like Alphabet with a 50-year outlook, the immediate impact of the pandemic is less concerning. As of April, Alphabet's Google made up over 86% of the global search engine market. The company's recent decision to abolish fees for merchants on Google Shopping is just one way in which it has significantly upped the ante with competitors like Amazon. Regardless of the pandemic, Alphabet's star power isn't likely to wane anytime soon.
Apple
Shares of the tech colossus have grown by a mouth-watering 75,000% since the company entered its initial public offering (IPO) nearly 40 years ago. Apple has a market capitalization nearing $1.7 trillion and a massive portfolio of products that have allowed it to flourish during the pandemic.
As CEO Tim Cook noted, "Despite COVID-19's unprecedented global impact, we're proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables. In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive."
Alibaba
It is the single largest e-commerce company in China. Statistics has ranked it as the seventh most valuable company in the world by brand value. Alibaba's rapid proliferation into other markets outside of e-commerce in recent years, including retail and technology, has led it to amass a market capitalization of $684 billion. Even though the company experienced some impact from the pandemic, shares are still up about 15% year to date. Alibaba stock has significantly increased in value since its IPO nearly six years ago, which is to date the largest public offering ever entered on the NYSE. If you had invested $10,000 in Alibaba when it went public at $68 per share in September of 2014, that investment would be worth north of $37,000 today. Befittingly monikered the "Amazon of China," Alibaba is a stock you can buy and hold for the long haul.
