7 Stocks to Buy That Will Make You Rich by 20307 Stocks to Buy That Will Make You Rich by 2030

Investors who seek a quick path to wealth will often fail. Speculators risk reacting too emotionally if a stock drops while they watch its movements like a hawk. Conversely, investors who search for stocks to buy and hold for the very long term will have more patience. Taking the time to research a company’s prospects will lead to…

better returns. Look for companies that build a strong business plan to carry through over several years. The realistic ones will explain the near-term risks, too.

Chosen across several sectors, these seven stocks to buy will make you rich by 2030 if management grows revenues at current rates:

  1. Applied Materials (NASDAQ:AMAT)
  2. Coinbase Global (NASDAQ:COIN)
  3. Intel (NASDAQ:INTC)
  4. Altria Group (NYSE:MO)
  5. Novartis (NYSE:NVS)
  6. Pfizer (NYSE:PFE)
  7. StoneCo (NASDAQ:STNE)

As shown above, all of the companies have a strong quality score. Only the growth and valuation scores vary. For example, Intel and Applied Materials are semiconductor companies with vastly different near-term prospects. Meanwhile, Altria has the lowest overall scores but the highest dividend yield. StoneCo is trading far below its 52-week high, creating a rare entry point for investors.

Stocks to Buy: Applied Materials (AMAT)

Applied Materials pays a modest quarterly dividend of 24 cents. Its leadership in the semiconductor capital equipment sector will reward shareholders.

The company has diversified into the advanced display-manufacturing segment. Also, it is in a strong position to grow in the advanced packaging market.

AMAT accelerated its growth after embracing 3D NAND production in 2014. With the chip shortage fueling unfilled sales, AMAT’s wafer fabbrication equipment (WFE) business will outgrow the semiconductor industry.

The digital transformation of the global economy is a big catalyst for AMAT stock. Large companies need to invest more to compete, and will need Applied Materials’ products to survive.

In the near term, its dynamic random access memory (DRAM) tech will perform well. The company will benefit from stronger sales in the second half of the year compared to the first.

Applied Materials’ NAND products, which are used in storage, saw weaker sales than its DRAM offerings. Still, demand next year and beyond for NAND is healthy.

Coinbase Global (COIN)

Cryptocurrency platform Coinbase will attract a considerable number of customers in the coming decade. Despite rare moments of user dissatisfaction, the site genuinely wants to teach the public about cryptocurrency investing. To address the former issue, Coinbase acquired Agara, an Indian artificial intelligence startup, to expand and automate customer service capabilities.

Coinbase has a good problem: it has too much customer growth. It cannot handle the influx and needs to strengthen support levels. As customers deposit more assets and complete more transactions, Coinbase’s revenue will grow.

On Oct. 19, Facebook (NASDAQ:FB) picked the platform to power crypto custody for Novi, its digital wallet. In this pilot study, users can acquire Pax Dollar (CCC:USDP-USD) and Novi will hold it on deposit with Coinbase Custody. If requested, Novi users may transfer USDP between each other in an instant.

Facebook is a social networking giant. Getting its support will convince customers to…

 

Continue reading at INVESTORPLACE.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *