2 Stocks Riding Unstoppable Trends That Could Make You Richer in 2024 and Beyond
One smart investment strategy is to look for businesses benefiting from some kind of secular trend. These shifts in the economy often aren't too difficult to identify. And for certain companies, they can provide sustainable tailwinds that lead to strong growth over extended periods.
For example, dominant tech businesses Amazon (NASDAQ: AMZN) and (NASDAQ: GOOGL) (NASDAQ: GOOG) are both riding unstoppable trends right now. Investing in their shares today can help make you richer in 2024 and beyond.
Unsurprisingly, FAANG stock Amazon's bread-and-butter business is e-commerce. The company essentially helped spearhead the rise of online shopping nearly three decades ago, going from selling just books to now selling almost anything imaginable. In fact, starting next year, consumers will be able to buy Hyundai cars on Amazon.com. Given that Amazon.com gets 4.2 billion visits annually and accounts for almost 38% of all online sales in the U.S., it will continue benefiting from the growth of e-commerce activity.
Source Fool.com
Alphabet Inc. A Stock
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 180 € shows a positive potential of 26.64% compared to the current price of 142.14 € for Alphabet Inc. A.
