Got $5,000? 2 Tech Stocks to Buy and Hold for the Long Term
Maintaining a portfolio of 25 stocks or more provides enough diversification for investors looking to buy individual stocks, so before you bet the farm on one or two companies, you might want to diversify.
However, if you have done that already and want to invest a large chunk of money into just a few companies, The Trade Desk (NASDAQ: TTD) and PubMatic (NASDAQ: PUBM) wouldn't be bad choices.
These two companies operate in the advertising technology industry (adtech), meaning they facilitate digital ad transactions. This could be a massive market considering digital ad spending is expected to reach $627 billion globally in 2024. As leaders in their respective places in adtech, The Trade Desk and PubMatic look poised to capitalize on this. Therefore, if you have some extra cash to invest, you might want to consider these two businesses.
Source Fool.com
