After a tumultuous few years, these profitable businesses are moving forward towards a promising future.
Growth stocks have experienced ups and downs in recent years due to economic volatility. However, companies with strong competitive advantages have the potential to deliver long-term gains for investors.
The current bull market has sparked renewed interest in adding to investment portfolios and exploring new opportunities. For those looking to invest in top stocks for the long term in this Nasdaq bull market, consider the following options:
1. Intuitive Surgical (ISRG -1.50%)
Intuitive Surgical has been a leader in robotic-assisted surgery for over 20 years. The company’s da Vinci surgical system is highly sought after by medical providers, with each system costing around $3 million. In addition to system sales, Intuitive Surgical generates revenue from service contracts and instrument sales. The company’s recent financial performance has been strong, with increasing procedure volume and system installations. Analysts predict potential upside for the stock in the coming months.
2. Netflix (NFLX 0.94%)
Despite facing challenges in recent years, Netflix has shown resilience and profitability. The streaming giant continues to dominate the market, with over 44% market share in the U.S. alone. Netflix’s revenue and membership numbers are on the rise, with the introduction of an ad-based tier driving growth. The company’s success in attracting ad-based subscribers indicates further potential for revenue growth. With the streaming market projected to grow significantly in the coming years, Netflix remains a strong contender for long-term investors.