Growth stocks have experienced significant fluctuations in recent years due to changing investor sentiments and economic conditions. However, long-term investors can still find success by investing in strong companies with competitive advantages.
The current bull market has inspired many investors to expand their portfolios and explore new investment opportunities. If you’re on the lookout for top stocks to buy and hold for years in the new Nasdaq bull market, consider the following options:
1. Intuitive Surgical (NASDAQ: ISRG)
Intuitive Surgical has been a leader in robotic-assisted surgery for over 20 years. The company’s da Vinci surgical system is widely used in the medical field, with each system costing clients millions of dollars. Additionally, Intuitive Surgical benefits from long-term service contracts and recurring revenue from instrument sales.
In the most recent quarter, the company reported a 16% increase in da Vinci procedure volume and an 11% rise in revenue compared to the previous year. With a profitable business model and recent FDA approval for its latest system, Intuitive Surgical is a solid choice for investors looking for steady returns in the healthcare sector.
2. Netflix (NASDAQ: NFLX)
Despite facing challenges in recent years, Netflix has proven its resilience and regained profitability. The company’s introduction of a cheaper, ad-based tier and crackdowns on password sharing have contributed to its success. Netflix continues to dominate the streaming market, controlling over 44% of the U.S. streaming space.
In the most recent quarter, Netflix reported a 15% increase in revenue and a 79% rise in net income compared to the previous year. The addition of an ad-based tier has been a successful initiative, attracting new subscribers and generating additional revenue. With the potential for further growth in the streaming market, Netflix remains a strong investment option.
In conclusion, both Intuitive Surgical and Netflix offer promising opportunities for investors in the current Nasdaq bull market. By carefully considering these top stocks and their growth potential, investors can build a successful and diversified portfolio for the long term.