Investing in growth companies with solid fundamentals and long-term potential remains the greatest method to earn money, despite the constant battle between growth and value stocks. Forty percent of the S&P 500’s businesses are in the technology sector. The gains produced by the broad indexes over the past few years have been dominated by growth companies.
Here are the top 7 growth stocks to purchase in 2021 and keep for many more years. There are seven best growth companies to buy and hold for many years without reading our comprehensive analysis of the key growth drivers.
We’ll look at some of the best long term stocks to buy right now and keep for many years in this post. It’s clear that these stocks have solid fundamentals since analysts and market professionals agree.
1. com (AMZN, $3,354.72)
While other businesses like Zoom Video (ZM) moved from relative obscurity to being an essential part of most corporations’ everyday lives, Amazon.com reaped the greatest benefits from lockdown economics. Almost everything you purchase on Amazon is delivered to your home in less than 24 hours and is fulfilled by Amazon.
However, this is an important distinction. In spite of the fact that Americans have returned to the malls, it’s probable that they’ll continue to make much more of their web-based purchases than they did before the flu epidemic. Even before the pandemic, it was the general tendency, and the outbreak accelerated it.
Operating costs are growing slower than sales, therefore Amazon’s profitability should increase. As a result of FBA, AWS, and advertising, the company expects to see consistent increase in margins, with Prime memberships driving most of it.
Amazon is one of the best long term stocks to buy right now and probably for many years to follow.
2. Realty Income
Amazon has a good chance of becoming the dominant force in the globe. However, brick-and-mortar stores are far from becoming extinct. Service companies, in particular, will need physical sites indefinitely. Amazon will not be able to provide you with a haircut or a dental cleaning via the mail (at least not yet). There will be a continued need for high-traffic retail like pharmacies and convenience shops as well as petrol stations.
To conclude, Realty Income (O, $70.15) is a great investment for the rest of this year and into the next one.
Its tenants pay all taxes, insurance, and maintenance, since Realty Income is a “triple-net” REIT (real estate investment trust). When it comes to this situation, the landlord’s duties are minimal.
One of the greatest investments you can make now will pay off in 2021 and even further, Realty Income. There have been 612 straight months of monthly payouts, and 95 consecutive quarters of dividend increases, all of which have been made by this company.
3. Vale
A recovering economy coupled with tight supply owing to pandemic-related constraints resulted in some of the greatest price circumstances in decades for commodities in the first half of 2021. It’s probable that circumstances will take some time to improve, which is excellent news for Brazilian Miner Vale (VALE, $21.69). Vale is a significant producer of iron ore and other industrial metals, as well as precious metals, and is a global leader in these fields.
The years preceding up to 2020 were difficult for Vale, as they were for the majority of mining companies. For the better part of the last decade, the stock price was in free decline.
Of course, mining equities have the potential to be very volatile. As a result of improved industrial circumstances, Vale may be a good investment for the remainder of 2021 and perhaps farther into the future.
4. Caterpillar
Caterpillar (CAT, $204.52), a major manufacturer of construction and mining equipment, could be a great investment for the rest of 2021.
You should bet on the leading provider of construction and mining equipment if you’re positive on those industries. Aside from the usual excavators and backhoes, Caterpillar also produces a wide range of other equipment used in large infrastructure projects.
Caterpillars had mostly traded in a range in the years before the epidemic. As a result of increased infrastructure and construction expenditure anticipated in the coming years, Caterpillar stock is exhibiting signs of life and may continue to do so well beyond 2022.
5. Exxon Mobil
The S&P 500 is, by some metrics, as costly as it was during the heyday of the dot-com boom in the 1990s. However, a few good deals may still be found.
Consider the oil giant Exxon Mobil (NYSE: XOM, $56.84).
Exxon was once the bluest of blue chips and the world’s biggest publicly traded corporation. However, a massive, multiyear crude oil production glut brought the entire energy sector, including large players like Exxon, to its knees. Compared to its pre-glut 2014 highs, the stock is now down by more than 40%.
Exxon has been through a number of energy crises before this one. This is a business that has weathered embargoes in the 1970s and a supply glut in the 1980s and 1990s without losing its competitive edge. Also, the business survived the COVID bear market, which included a short dip in crude oil prices below $50 per barrel.
Since November of last year, Exxon’s stock price has risen steadily, showing no signs of abating. They’re also relatively affordable, with a forward P/E ratio of only 12 and a yield of almost 6%.
If you’re looking for a decent deal, XOM is fairly one of the best long term stocks to buy right now and for years to come.
6. Sea Limited (NYSE: SE)
It is a major growth driver that owns and operates companies with enormous long-term development potential, such as Shopee (ecommerce), Garena (mobile gaming), and SeaMoney (digital payments). Sea Money is also one of the equities that the most successful hedge funds are purchasing.
BofA recently raised Sea Limited (NYSE:SE) to a Buy rating and increased its price objective to $340 from $260. Shopee, a subsidiary of Sea Ltd, is outpacing growth projections in Southeast Asia and enjoying “fast success” in Latin America, according to the company. Additionally, BofA is pleased with the performance of its game Free Fall.
7. Intuit Inc. (NASDAQ: INTU)
As a great growth company in the SaaS sector, Intuit Inc. (NASDAQ: INTU) creates popular cloud-based financial software including TurboTax, Mint and QuickBooks, among others. The share price of Intuit is up 27% year to date.
Fiscal Q3 revenue for the business increased by 40%. The firm anticipates sales in the fourth quarter to be between $2,29 billion and $2,33 billion, much higher than the average estimate of $1,85 billion.
The business provides a 0.50 percent dividend yield on top of long-term stock price growth.
