2 No-Brainer Growth Stocks to Buy Now With $5,000 and Hold Long Term – Yahoo Canada Finance

By DailyBubble On Nov 15, 2024 4 0

Looking to invest $5,000 in growth stocks for the long term? Here are two no-brainer options to consider:

1. Amazon (NASDAQ: AMZN)
Amazon is a powerhouse in the e-commerce industry, with a strong track record of growth and innovation. The company’s cloud computing division, Amazon Web Services, is a major revenue driver and continues to expand. With Amazon’s vast customer base and strong brand recognition, the company is well-positioned for long-term success.

2. Alphabet (NASDAQ: GOOGL)
Alphabet, the parent company of Google, is another solid pick for long-term growth. Google dominates the online search market and continues to invest in new technologies such as artificial intelligence and autonomous vehicles. Alphabet’s diverse revenue streams, including advertising and cloud services, provide stability and growth potential for investors.

Both Amazon and Alphabet are well-established companies with strong growth prospects. By investing $5,000 in these no-brainer stocks now and holding for the long term, investors can potentially see significant returns on their investment.