Got $1,000? Buying These 3 Stocks Could Be the Smartest Move You Ever Made
Some businesses are so good, the best thing an investor can do is buy some shares and let the magic of time do all the work. Take-Two Interactive (NASDAQ: TTWO), Trex (NYSE: TREX), and Align Technology (NASDAQ: ALGN) are in that category. Even though their valuations may be high relative to their history, they have products that are in demand because of trends that have only accelerated amid the pandemic. An investor could buy stock in these great companies and not think about selling for a long, long time.
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The pandemic has made us all gamers. Well, almost all of us. A recent NPD Group survey found that 4 out of every 5 U.S. consumers had played a video game in the past six months and that time spent playing was up 26%. Take-Two Interactive is capturing more than its share of that activity with the latest installments of popular franchises NBA 2K and Grand Theft Auto (GTA), the No. 2 and No. 8 best-selling console video games, respectively, in November. That's a remarkable feat considering the first GTA was released in 1997 and the NBA 2K series debuted in 1999.
Source Fool.com
