1 Soaring Stock That Could Soar Even Higher
The S&P 500 has soared since the lows of the coronavirus market crash and is up an incredible 55% since March 23.
This bullish run is great for fattening portfolios, particularly the portfolios of those who were net buyers during the downturn earlier this year. On the other hand, the market's sharp move higher can make finding good buying opportunities more difficult. Nevertheless, a careful search can still lead to some decent ideas for investors willing to buy and hold for five-plus years.
In fact, as counterintuitive as it might seem, a great place to look for stocks worth buying and holding for years is among those that have soared. If a company's stock is rising faster than the market, the underlying business must be doing something to impress investors.
Source Fool.com