2 Top Growth Stocks to Buy Right Now and Hold for the Long Term
Growth stocks with major industry tailwinds behind them and leading positions in their respective markets can provide life-changing returns for investors. And there are two companies that I think stand above the rest.
Moderna (NASDAQ: MRNA) is a leader in mRNA technology that proved effective against COVID-19 and has a large pipeline of products in the works. Taiwan Semiconductor (NYSE: TSM) is a leading chip foundry with the technology and business model to dominate for decades. Here's a look at why these are my top growth stocks right now.
In early 2020, few people outside of medicine had heard of Moderna. The company had developed an mRNA product that was wonderful in theory but had yet to be proven at scale. All that's happened since then is the fastest development of a new vaccine on record. Plus, Moderna's business went from zero to over $20 billion in revenue in the past year.
Source Fool.com
