FND - 3 Unstoppable Growth Stocks to Buy and Hold Forever
2023-10-18 08:45:00 ET
Amid economic uncertainty and inflation, many investors may struggle to see consumer stocks as "unstoppable" these days. Additionally, the front-loading of growth during the pandemic led to a hangover in many of these companies that contributed to the 2022 bear market in stocks.
Nonetheless, bear markets will only hold back the stocks of visionary, well-managed companies for so long. Eventually, such successes can make their stocks unstoppable, and Airbnb (NASDAQ: ABNB) , Floor & Decor (NYSE: FND) , and Shopify (NYSE: SHOP) look like excellent examples of this phenomenon.
Airbnb likely has staying power for its transformational effect on the short-term rental market. Its innovative website has created a network effect among hosts and visitors alike, attracting more properties and tenants to the site.
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3 Unstoppable Growth Stocks to Buy and Hold Forever