LYFT - 2 Monster Growth Stocks to Buy Right Now and Hold for Years
2024-06-26 04:54:00 ET
The stock market has delivered solid returns for investors so far this year, and excitement about the new bull market is palpable. If you're looking for compelling businesses to buy and hold for the long haul, you should focus on how those companies look as long-term investments and if they align with your overall portfolio objectives.
Your risk appetite should also define the types of stocks you buy. If you have the risk tolerance to put cash into growth stocks right now, there are some doing exceptionally well right now that are worth a second look. Here are two to consider.
Lyft (NASDAQ: LYFT) shares have popped around 40% over the last year. The company's expansion into new markets, its improving financials, new initiatives for drivers, and a growing active rider base have all been factors moving the needle here.
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2 Monster Growth Stocks to Buy Right Now and Hold for Years