Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term.
The burgeoning technology sector promises significant rewards for investors. The pandemic set off a wave of digitalization that resulted in a strong surge in demand for everything from cloud solutions to cybersecurity. These are the reasons why you should invest in solid growth stocks in the technology sector. Armed with sustainable catalysts, such businesses will naturally have a long growth runway coupled with a large total addressable market (TAM).The three stocks featured below have all the hallmarks of a great investment. They possess a strong financial track record and enjoy catalysts that can take their business to the next level. They also cover diverse sub-sectors such as e-commerce, cybersecurity, and cloud computing -- sectors which enjoy sustainable tailwinds that promise many more years of steady growth.Image source: Getty images.Continue reading
The burgeoning technology sector promises significant rewards for investors. The pandemic set off a wave of digitalization that resulted in a strong surge in demand for everything from cloud solutions to cybersecurity. These are the reasons why you should invest in solid growth stocks in the technology sector. Armed with sustainable catalysts, such businesses will naturally have a long growth runway coupled with a large total addressable market (TAM).
The three stocks featured below have all the hallmarks of a great investment. They possess a strong financial track record and enjoy catalysts that can take their business to the next level. They also cover diverse sub-sectors such as e-commerce, cybersecurity, and cloud computing -- sectors which enjoy sustainable tailwinds that promise many more years of steady growth.
Image source: Getty images.
