4 Growth Stocks to Buy and Hold Forever
The ability to adapt to change is the key to long-lived growth.
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The ability to adapt to change is the key to long-lived growth.
Blockchain technology has found itself fulfilling important roles across diverse industries over the past years due to the multiple benefits it brings to the table. While blockchain's scalability, security, and reliability have been a major driver behind this success, transparency is probably the most important.
I once considered Alibaba (NYSE:BABA) an undervalued growth stock. It still trades at just 21 times forward earnings, and analysts expect its revenue and earnings to rise 50% and 37%, respectively, this year. And its market-leading positions in China's e-commerce and cloud markets also grant it the scale to easily crush its smaller rivals. But after carefully reviewing Alibaba again, I believe I'll never buy this seemingly attractive Chinese tech stock, for three simple reasons. 1. Its growing dependence on lower-margin businesses Alibaba resembles an inverted version of Amazon (NASDAQ:AMZN...
Image source: Getty Images Tech stocks are leading the market higher. Some rose more than 1,000% in value last year, with more upside to come. Just know that not all tech stocks are equal. Many will actually lag the market in 2021. If you want to pick winners, follow the rule below. Follow this rule for success Rule number one: focus on software over hardware. When I say not all tech stocks are built equal, I’m specifically referring to software versus hardware. If you want 1,000% returns, focus solely on software. Imagine a company that sells computer hardware. To book...