Got $1,000? 3 Healthcare Stocks to Buy and Hold Forever
Healthcare is a massive industry that never stops, especially in the United States, which uses a mostly privatized system. It's a great place to go looking for winning stocks. The good news is that there are fantastic stocks to buy and hold, regardless of your investment strategy or style. Are you looking for passive income or dividend growth? You're in luck. Want high-octane growth? Stick around.
I did an exhaustive search to find three stocks long-term investors can own for under $1,000 and hold indefinitely due to their long-term growth opportunities. Here is what I found. Consider buying one (or all of them) and watch your portfolio grow.
Hims & Hers Health (NYSE: HIMS) has emerged as an early winner in the growing telehealth industry. The consumer-facing brand offers professional online consultation for numerous conditions, from obesity to hair loss and erectile dysfunction. Patients can order prescription products and have them shipped to their homes if approved. It's highly competitive, but Hims & Hers is becoming a leader. The company's subscriber count has grown from 192,000 subscribers to over 1 million since the second quarter of 2019. Today, Hims & Hers is still growing revenue at a 50%-plus rate while earning generally accepted accounting principles (GAAP) profits. That sets the stage for years of earnings growth that could drive excellent investment returns.
Source Fool.com
