3 Growth Stocks for the Long Term

Time is one of the most valuable assets an investor has -- if used wisely, that is. With that in mind, here are three stocks for investors with time on their side. Read on to learn why our Foolish investors picked industry-leading Adobe Systems (NASDAQ: ADBE), e-commerce titan Amazon.com (NASDAQ: AMZN), and oil and gas provider Pioneer Natural Resources (NYSE: PXD).

Tim Brugger (Adobe Systems): With its stock up 42% this year and shares bumping up against 52-week highs seemingly daily, Adobe may not be the first name that comes to mind as a long-term growth stock. But its record-breaking performance shouldn't dissuade investors for one simple reason: Adobe has reached the pinnacle of its industry.

Most of the headlines following Adobe's second quarter were focused on its $1.77 billion in sales, another in a string of record-shattering revenue results. Last quarter's revenue saw a 27% year-over-year jump and obliterated expectations. As for the bottom line, Adobe's $0.75 per share was a 56% improvement over last year's $0.48 a share.

Source: Fool.com