3 Unstoppable Growth Stocks to Buy and Hold Forever
Lululemon Athletica (NASDAQ: LULU) and e.l.f. Beauty (NYSE: ELF) both surged as the world came to grips with economic conditions following the emergence of COVID-19. Hostess Brands (NASDAQ: TWNK) is proving it still has a place and room to expand in the new normal. It's likely these companies can continue to build momentum into the future, making them smart buy-and-hold options for long-term investors.
Lululemon Athletica markets its product lines, fitness apparel, and related selections directly to gyms and their members, in addition to selling in stores and online. This approach has proven successful, with the company growing its revenue solidly over the past few years and its stock price going from $80 a share five years ago to today's $300 or more.
The organic, world-of-mouth marketing approach continues to enamor fans of the selection, giving it an edge against bigger competitors such as Nike.
Source Fool.com
