7 No-Brainer Stocks to Buy and Hold for the Next 20 Years: May 2024
Position your portfolio for growth over the next two decades with these seven picks:
1. Microsoft (MSFT)
- Leading the AI revolution with Azure and key partnerships like OpenAI.
- Azure revenue surged 23% last quarter, reaching $35.1 billion.
- 65% of Fortune 500 companies use Azure/OpenAI.
- Solid pick for long-term growth.
2. Taiwan Semiconductor (TSM)
- Backbone of the semiconductor industry with strong financials.
- Investing $40 billion in U.S. chip manufacturing.
- Advanced nodes (3nm and 5nm) in high demand.
- Provides a 1.7% dividend yield.
3. Berkshire Hathaway (BRK-A, BRK-B)
- Diversified conglomerate with a history of outperforming the S&P 500.
- Strong portfolio including major investments like Apple.
- Managed by Warren Buffett with a massive cash position for opportunistic investments.
4. Alphabet (GOOG, GOOGL)
- Dominant in internet search and video sharing with YouTube.
- Strong growth in cloud computing revenue.
- YouTube and cloud computing revenue on track to exceed $100 billion annually.
5. Amazon (AMZN)
- Impressive quarterly performance with 13% revenue growth.
- Operating income rebounded 221% to $15.3 billion.
- Major investments in local fulfillment centers.
- Diverse business model beyond e-commerce.
6. IBM (IBM)
- Shifting from mature tech to cloud and quantum computing.
- Recent acquisitions (HashiCorp) enhancing IT capabilities.
- Focused on hybrid multi-cloud strategies.
7. CRISPR Therapeutics (CRSP)
- High-risk, high-reward play in gene-editing technology.
- Seven ongoing trials for various health conditions.
- Strong cash position ($2.1 billion) to support future development.
- Potential for significant long-term gains if successful.
These stocks are positioned to deliver substantial returns over the next 20 years, making them ideal choices for long-term investment.