From Nasdaq: 2024-11-08 07:00:00

1. The stock market surged to all-time highs post-election, with the Nasdaq and S&P 500 seeing gains. Political affiliations don’t drive market success, as demonstrated by similar annual returns across Trump and Obama administrations. November-January historically favors Wall Street, making it a good time to explore growth-heavy stocks like Shopify, Nu Holdings, and Vertiv.
2. Shopify, a tech stock, trades at a 50% discount to its highs despite impressive revenue growth. Expected to grow sales by 22% in 2024 and 20% in 2025, Shopify’s stock has soared 2,900% since its IPO. With a Zacks Rank #1, solid balance sheet, and potential for future growth, Shopify shows promise for long-term investors.
3. Nu Holdings, a digital financial services firm, has seen 83% stock growth in 2024. With a platform serving millions in Latin America, Nu’s projected earnings and revenue growth position it as a strong buy. Trading at a discount to its industry and boasting a Zacks Rank #1, Nu offers significant long-term upside potential.
4. Vertiv, an AI stock, has surged 155% YTD and 1,100% in five years. Providing essential services to support data centers and AI, Vertiv partners with Nvidia for industry innovations. With a Zacks Rank #1, projected earnings growth, and trading at a discount to its industry, Vertiv presents a compelling long-term investment opportunity.
5. As infrastructure spending increases, opportunities arise for companies in AI data centers and renewable energy. Discover five stocks positioned to benefit from this spending spree in a free report. Companies like Amazon, Nu Holdings, Nvidia, Shopify, and Vertiv are highlighted for potential growth in the trillion-dollar infrastructure boom.

Read more at Nasdaq: 3 Growth Stocks to Buy and Hold for the Next 10 Years