2 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
Shopify (NYSE: SHOP) and The Trade Desk (NASDAQ: TTD) are excellent growth stocks investors can buy and hold for the next decade. Each delivers robust revenue expansion as they ride powerful secular long-run tailwinds.
Buying and holding these stocks for a decade will give you a full measure of the power of compounding. Let's consider how each has grown over previous years to get an idea of their potential over the next 10 years.
Shopify has been riding the long-running tailwind of consumers spending more money online. E-commerce spending in the U.S. as a percentage overall has grown from 4.2% in the first quarter of 2010 to 12.9% by the fourth quarter of 2021. Shopify benefited from that trend as an enabler of e-commerce, helping merchants establish their websites and accept payments online.
Source Fool.com
