Missed Out on Apple Stock? 2 Growth Stocks to Buy and Hold Forever.
Apple has the kind of brand authority most companies will never achieve, and it has used that competitive advantage to build a very sticky business. Specifically, by pairing first-party hardware with software and services, Apple benefits from recurring revenue and high switching costs. That has made it a cash-flow machine, and shareholders have seen a 560% return over the past decade as a result.
Block (NYSE: SQ) and Axon Enterprise (NASDAQ: AXON) aren't quite the same as Apple, but both have earned brand recognition in their industries while blending hardware, software, and services to create a sticky business model. With that in mind, I think Block and Axon could also soar 600% (or more) over the next decade.
Here's what you should know.
Source Fool.com
