Growth stocks aren’t getting much love from investors these days, but overlooking this category of investments altogether in the current market could be a mistake. The market may hold more volatility ahead in 2023, but if you’re investing in it for decades, the current environment shouldn’t keep you from putting more cash into companies that you’re willing to hold onto for the long-term.

On that note, let’s take a look at two of my favorite growth stocks for investors to buy and hold in 2023 and well beyond. 

1. Shopify

Shopify (SHOP -0.16%) has fallen sharply amid the broader tech stock debacle, but the business remains a compelling choice for investors with the risk tolerance to handle the volatility the business is likely to continue witnessing in the near term.

While the company has become unprofitable again in recent quarters, this is largely due to its strategy of focusing on spending to build out its platform and tools for sellers now, in order to prime itself for sustained growth over the long haul.

In the last several months alone, the company launched Shopify Payments in several new European markets, introduced an all-in-one point of sale device called POS Go, and launched Shopify Markets Pro, an integrated cross-border platform solution that allows merchants to expand into new global markets while seamlessly managing key operational concerns like tax compliance and duties.

The company is also seeing massive strides in the adoption of its Shopify Fulfillment network by merchants following the acquisition of Deliverr in July 2022.

In the third quarter, management reported that Shopify saw a 75% year-over-year increase in seller inventory accepted into Deliverr cross-docks, and an 80% jump on a quarter-over-quarter basis of merchants taking advantage of at least one of Shopify’s logistics solutions across the full breadth of its supply chain management services.

Shopify is still growing revenue at a strong clip, and its cash position remains strong. Revenue was up 22% year-over-year…

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