For investors looking for tech stocks that they can hold onto for the next decade, Stefon Walters writes for The Motley Fool, Apple and Taiwan Semiconductor Manufacturing Company are options you don’t have to second-guess.
Stefon Walters for The Motley Fool:
Unlike many other big tech stocks that saw their stock prices surge through last year, Apple’s stock price growth has lagged. Even still, Apple’s “lagging” is it being up 22% in the past 12 months.
Investors have been concerned about Apple’s decelerating revenue growth (particularly with the iPhone), but that’s a cyclical issue that’s been given too much weight. Smartphone sales across the board have been down, but the segment is poised to reverse course soon.
It’s a down period for Apple, but when I think of companies I feel comfortable buying and holding onto for the next decade, Apple’s at the top of the list…
A decade from now, it’s hard to imagine Apple won’t have a more prominent position in the financial and healthcare industries. From ApplePay to the Apple Card to the Apple Watch to Apple Fitness, Apple has been slowly but very surely sticking its foot in the door.
Those could be huge growth areas for Apple, and investors will likely be happy they were along for the ride.
MacDailyNews Take: As we wrote of Apple (AAPL) stock last October:
As always: Accumulate, accumulate, accumulate.
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