2 Unstoppable Stocks to Buy in 2023 and Hold for the Next Decade
Bear markets come and go, but companies with true staying power can rise to the top and deliver wins for investors time and time again. Finding those winning businesses doesn't have to be complicated.
No investment is guaranteed, and every investment carries a certain level of risk. However, companies with robust underlying businesses, solid leadership, and the competitive advantages to carry them forward in a variety of environments can pose tempting buys in any market environment -- even the turbulent one that investors are witnessing currently. Here are two such unstoppable stocks to add to your buy basket right now.
Airbnb (NASDAQ: ABNB) has made a name for itself in the travel space, but it's increasingly differentiating itself from the average travel stock as management works to expand its potential consumer base in a rapidly evolving industry. The return of business travel, and the ability of more people to travel for leisure trips as borders have reopened and society has moved on to a post-pandemic normal, have provided tremendous growth to Airbnb's business over the past several quarters. The company has amassed an impressive stockpile of cash ($7.5 billion at the end of the third quarter), and profitability remains strong.
Source Fool.com