Bull Market Buys: 2 Growth Stocks to Own for the Long Run
The stock market is roaring higher, with the and S 500 recently extending gains to reach new record highs. But don't worry. It's not too late to get in on this market growth. The indexes confirmed their presence in a bull market earlier this year, but these phases of market optimism tend to last quite some time -- and history shows us they generally go on for much longer than bear markets.
In a study spanning 1926 through 2017, the average bull market period lasted nearly nine years while bear markets lasted 1.4 years, according to Raymond James Associates, citing First Trust data. So, it's likely that if you buy a stock today, you'll have plenty of time to benefit from bull market gains. But your growth story won't necessarily stop there. If you choose companies with solid long-term prospects, you could win by holding on to their shares well beyond this bull market -- and possibly into the next one.
What makes a top bull market buy? I always like a good growth story that's just getting started. The biotech industry is ripe with possibilities, and two of my favorites are companies that recently won their first product approvals, a vote of confidence for their technologies and a key step along the path to revenue growth. Let's check out these two bull market buys to own for the long run.
Source Fool.com
