In the current global economy, growth stocks have been performing exceptionally well despite uncertainties. While some may be tempted to cash in on the profits from these winning stocks, there are certain growth stocks that are worth holding onto for the long term.
One such stock is CACI International (CACI), a major contractor for the U.S. Federal Government based in Reston, Virginia. The company has shown steady revenue and earnings growth, leading to significant price appreciation over the years. With recent big contract wins and geopolitical factors in its favor, CACI is poised for continued earnings growth, making it a stock worth holding onto.
Another promising growth stock is CRA International (CRAI), a research and consulting firm that has consistently beaten earnings estimates in recent quarters. With strong growth prospects and dividend growth trends, CRAI is positioned for further gains in the future.
Ensign Group (ENSG), a skilled-nursing facility operator, is also a top growth play to consider holding onto. Through its roll-up acquisition strategy and consistent earnings growth, ENSG has the potential for continued success in the coming years.
Hawkins (HWKN), a water treatment chemicals company, has been flying under the radar but has seen significant stock price appreciation due to its acquisition strategy and earnings growth. With a strong track record of dividend growth, HWKN is a stock to watch for further gains.
Mama’s Creations (MAMA), a prepared deli foods purveyor, has become a standout among micro cap growth stocks in recent years. With a focus on a fast-growing segment of the grocery space and strong leadership, MAMA has the potential for continued growth despite its current valuation.
Oracle (ORCL), a leading enterprise software and cloud infrastructure provider, has the potential for further gains as it shifts towards cloud computing. With solid dividend growth prospects, ORCL is a stock worth holding onto for the long term.
Qualcomm (QCOM), a semiconductor company, has seen significant appreciation from the Gen AI growth trend. With a newfound focus on AI-compatible chips for PCs, QCOM is poised for continued growth in the coming years.