Sumary of 2 Top Growth Stocks to Buy and Hold Forever:
- While growth investing can certainly be lucrative, it takes patience to be successful.
- However, if the investment thesis is true, then investors could see the gains they were hoping for.
- There are many outstanding growth stocks in the Canadian market.
- In 2020, the industry saw a major leap in adoption due to the COVID-19 pandemic.
- Therefore, as the e-commerce industry continues to penetrate more countries, companies like Shopify which aim to facilitate the switch to online retail could see massive gains.
- These gains would be alarming if the company isn’t able to show sustained growth rates in its revenue.
- From 2019 to 2020, its total annual revenue increased by 86%.
- Major tailwinds will power this stock Another secular trend growth investors should take note of what’s happening in the utility sector.