3 Growth Stocks to Buy and Hold for the Next 50 Years

If you are a buy-and-hold investor who thinks in decades, you need to look for a different type of company. That can mean looking past near-term losses to the long-term potential that a technology upstart like fast-growing Shopify (NYSE: SHOP) offers. Or the multiple ways that marijuana stock Canopy Growth (NYSE: CGC) has to reward investors willing to think long term. Or even examining a dividend growth story like the one offered by Hormel Foods (NYSE: HRL), which underpins over 50 years of success in the typically boring consumer goods space. If you take the time to get to know this trio of stocks, it's highly likely you'll look to buy one or more... with the goal of holding onto them for the next 50 years or so.

Brian Stoffel (Shopify): I will not argue that Shopify's stock is cheap. Over the last three years alone, shares have increased tenfold! Valued at $37 billion, the company has yet to even turn an official annual profit.

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