SQ - 3 Hot Stocks That Can Hit a $100 Billion Valuation This Decade
Although stock market volatility never truly goes away, 2020 has been a year unlike anything Wall Street has ever seen before. The coronavirus disease 2019 (COVID-19) pandemic crammed a full decade's worth of volatility into a four-month window and took investors on the ride of their lives. While short-term traders are probably still pulling their hair out, long-term investors are likely doing just fine.
Historically speaking, while stock market corrections and bear markets are inevitable, long-term investors in high-growth, high-quality companies are well positioned for success. That's because emotions only have a relatively short-term grip on stock valuation, whereas tangible sales and earnings growth are what drive valuations higher over the long run.
Right now, several exceptionally hot high-growth stocks with valuations ranging from mid cap to large cap look to have all the tools necessary to clear a $100 billion market cap within the next decade.