From Nasdaq: 2024-11-11 07:42:00

Zacks Investment Ideas feature highlights Shopify Inc., Amazon, Nu Holdings Ltd., Vertiv Holdings Co, and Nvidia as top growth stocks to buy and hold for the next 10 years. The market surged to all-time highs post-election, with the Nasdaq and S&P 500 rising. Partisan politics do not drive the stock market, and investors should consider adding exposure in November.

Shopify Inc. is a must-buy growth tech stock trading 50% below its highs, with revenue growth from $1 billion in 2018 to $7 billion in 2023. Shopify is projected to grow sales by 22% in 2024 and 20% in 2025, with a Zacks Rank #1 (Strong Buy) and a stellar balance sheet.

Nu Holdings Ltd. is a cheap tech stock under $20 with big long-term upside potential, trading at around $15 per share. Nu boasts a large customer base and is expected to grow its adjusted earnings by 71% in 2024 and 52% in 2025, with a Zacks Rank #1 (Strong Buy) and a 55% discount to its highs.

Vertiv Holdings Co. is a great long-term AI stock to buy, with a 155% YTD surge and projected growth in adjusted EPS by 52% in FY24 and 30% in FY25. Vertiv trades at a 10% discount to its highs and offers 7% value compared to its industry, with 12 out of 12 brokerage recommendations as “Strong Buys.”

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Read more at Nasdaq: Zacks Investment Ideas feature highlights: Shopify, Amazon, Nu Holdings, Vertiv and Nvidia