AXSM - Got $5000? 2 Unstoppable Stocks to Buy and Hold
Businesses that are surefire bets for continued growth can make for solid investment opportunities. While dividend stocks can provide safety and give you recurring income, strong growth stocks can generate more significant returns in the long run. If you've got $5,000 you can afford to invest right now, a couple of stocks you should consider buying include Shopify (NYSE: SHOP) and Axsome Therapeutics (NASDAQ: AXSM) .
E-commerce stock Shopify is down an incredible 74% this year. The shares are trading at 2019 levels, even though the company's top line has tripled since then. And the business still has the potential to get even bigger. According to data from eMarketer, global sales from e-commerce could top $8.1 trillion by 2026 -- that's 56% higher than the $5.2 trillion that e-commerce generated last year.
Shopify's platform is essential to that growth since it integrates with many other sites, making it easy for merchants to convert sales. Last year, Shopify expanded its partnership with TikTok, one of the hottest social media sites in the world with close to 2 billion monthly active users, allowing merchants to create storefronts and utilize a shopping tab that would allow users to find products easily.
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Got $5,000? 2 Unstoppable Stocks to Buy and Hold