I'm head over heels about these two stocks. I love growth stocks -- identifying them, buying them, and holding them for the long term. If done right, this type of investment can deliver massive returns and help set someone up for life. So, let's take a look at two stocks I think are poised for years of solid gains. Spotify Technology Sometimes, the best stocks are right under your nose. Or, in the case of Spotify Technology (SPOT 0.84%), in your ear. You see, so far in 2024, Spotify stock is up more than 71 ...

Spotify Technology (SPOT) , a current Zacks Rank #1 (Strong Buy), provides a music streaming platform that includes commercial-free music and ad-supported services to subscribers. Analysts have taken their earnings expectations higher across the board. Image Source: Zacks Investment Research In addition to favorable earnings estimate revisions, the stock resides in the Zacks Technology Services industry, currently ranked in the top 25% of all Zacks industries. Let's take a closer look at how the company cur ...

Learn why this streaming giant's stock is heading higher. What a year it's been for the stock market so far. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Index are up 18%, 18%, and 10%, respectively. Yet, there are many stocks that are outperforming the benchmark indexes. Let's have a look at one such stock: Spotify Technology (SPOT 0.63%). Spotify stock has been on a tear When it comes to Spotify stock, one fact is undeniable: It has been a great name to own since the start of 2023. Indeed, afte ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: This March 20, 2018 file photo shows the Spotify app on an iPad in Baltimore. Credit: AP Photo/Patrick Semansky, File Every day, millions of people use Spotify to stream music. A few years ago, it would've felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens up, right at your fingertips. ...

Gabriel Trujillo/iStock via Getty Images Executive Summary Spotify (NYSE:SPOT) is continuing to grow its premium subscriber base even after a price increase was implemented, leading to strong earnings growth. Spotify is also continuing to invest in its own content portfolio, with the hope that an increasing share of the revenue pool will be allocated to its podcasts and audiobooks. Growing revenue share from high-margin content investments would help Spotify to continue increasing margins, even if record la ...

Spotify Technology S.A. (SPOT) has seen its stock skyrocket 80.6% year to date. This impressive performance has significantly outpaced the 20.1% rally of the industry it belongs to and the 17.8% growth of the Zacks S&P 500 composite. As of the last trading session, the stock closed at $339.47, close to its 52-week high of $359.38. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors. Year-to-Date Price Performance Image Source: Zacks Investment Research Given the c ...

The current market environment is exceptionally strong, offering fertile ground for growth stocks with compelling fundamentals. Stocks like Nu ((NU), Spotify ((SPOT), and Palantir ((PLTR) are perfectly positioned to capitalize on this momentum. These stocks not only boast impressive growth forecasts and powerful momentum, but also hold top Zacks Ranks, further reinforcing their potential for continued outperformance. As these companies ride strong industry trends and demonstrate robust earnings growth, they ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Spotify (SPOT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Spotify currently has an average ...

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These industry leaders should be very rewarding investments. The S&P 500 index has delivered annualized returns of about 10% since 1957. That closely approximates the growth in the average company's earnings. If you want to beat the market, you want to look for companies that can grow their earnings well above the average. Here are two companies that can deliver superior earnings growth and outperform the S&P 500 over the next five years. 1. Tesla Tesla (TSLA 0.58%) shares delivered an 8,500% return to shar ...