2 Top Robinhood Stocks You Can Buy and Hold for a Decade
The stock market can be a very stressful place to put your money -- especially in times of increased volatility and economic uncertainty related to the coronavirus pandemic and economic recession. But investors can sleep easier by investing in blue-chip companies that enjoy long-term growth drivers and leadership positions in their industries. Alibaba (NYSE: BABA), a dominant Chinese e-commerce platform at the beginning stages of monetizing its cloud computing business, and Walmart (NYSE: WMT), a retail giant with a convincing pivot to e-commerce, both earn a spot in Robinhood's Top 100. And both look poised to outperform over the long haul, because they're well-positioned to compete for market share in an increasingly digital global economy.
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As the largest U.S-listed Chinese equity, Alibaba Group offers investors exposure to the lucrative Chinese market at an affordable multiple of 29 times earnings -- which is low compared to peers like Amazon which trades at PE around 122. The market could be giving Alibaba a lower valuation because of the higher perceived risk of Chinese equities, which are not held to the same strict reporting standards as their U.S. counterparts. But great risk sometimes accompanies great reward.
Source Fool.com
