BIDU - 2 No-Brainer Stocks to Buy Now With $500 and Hold Through 2024 (and Beyond)
2024-03-26 08:05:00 ET
Investing in fundamentally sound stocks is a smart way to build wealth in the long run. By focusing on companies with robust and scalable business models, healthy financials, sustainable competitive advantages, and reasonable valuations, investors can enjoy significant returns over time.
The S&P 500 and the Nasdaq Composite indexes have gained nearly 32.3% and 38.9%, respectively, in the past 12 months. Despite this, there are still several attractively valued stocks that have the potential to grow rapidly in the coming years.
If you're on the lookout for such stocks and have $500 that you won't require for paying bills or for contingencies, then investing those funds in either Baidu (NASDAQ: BIDU) or Toast (NYSE: TOST) could prove to be a profitable strategy in the long run.
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2 No-Brainer Stocks to Buy Now With $500 and Hold Through 2024 (and Beyond)