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If the stock market has (re)taught anything just since the end of February, it's that it's still very unpredictable... at least in the short run. The S&P 500's sizable 9% pullback in March has since been unwound with an amazing rebound of more than 10% in just four weeks. Nobody really saw either swing coming, however, and certainly not to the degree they materialized. Most people would have been at least as well off not trying to act on any of this volatility, and just sticking with quality stocks through all of it.
Here is a closer look at three growth stocks to simply buy and hold forever, knowing they'll survive any temporary headwinds and continue making long-term forward progress.
You primarily know Alphabet as the parent of Google, which alone accounts for more than half of the company's total revenue.
Alphabet is also diversified across other major businesses, including YouTube, a cloud computing service, the Android mobile operating system, and several subscription-based profit centers.
Beyond its current portfolio, Alphabet is working on new technology, including its own quantum computing platform, with the intent of using it to support artificial intelligence (AI) work.
The e-commerce industry that Amazon helped create and shape is expected to keep expanding, but the business is evolving as it grows. Consumers are increasingly looking for more than selection and convenience; they are also seeking authentic stories from brands and sellers, which Amazon is not built to offer in the same way.
Shopify allows organizations to custom-build their own e-commerce presence and sell directly to consumers. The company says its technology facilitated the direct sale of $378.4 billion worth of goods and services last year, up 29% year over year.
This shift in consumer e-commerce preferences is described as relatively new, suggesting further room for growth.
Taiwan Semiconductor Manufacturing (TSM) is described as a “forever” growth stock for investors who want exposure to the semiconductor industry without worrying about entry timing.
The company makes semiconductors and produces the vast majority of the world’s high-performance processing silicon. Its customers include Apple, Nvidia, and Broadcom, among others.
While other firms have attempted to enter the chip foundry and manufacturing market—Intel is cited as an example—the article points to TSM’s experience-driven dominance as meeting a need that will not go away. It also notes that even if AI-related growth appears to be slowing, Global Market Insights expects the worldwide microchip market to grow at an average pace of nearly 11% per year through 2034.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
