2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

If you're looking for stocks capable of performing well over long periods, it's a good idea to start with companies that are well-established leaders in industries with excellent long-term prospects. These include sectors such as e-commerce, cloud computing, and fintech. Here are two corporations, each a top player in two of those industries: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). These market leaders have crushed broader equities over the long run, but they might still just be getting started. Here's what investors need to know.Image source: Getty Images.In the U.S., Amazon has a leading share of the e-commerce market. The company also leads the global cloud computing industry. Part of the tech giant's success is that it identified these opportunities faster than almost every other corporation and benefits from a first-mover advantage. However, that's only part of the story. Amazon also developed a robust competitive advantage from multiple sources, allowing it to maintain its leading position. In e-commerce, the company built deep network effects and a strong brand name. And within its cloud division, Amazon Web Services (AWS), it benefits from high switching costs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool