Got $5,000? 2 Tech Stocks to Buy and Hold for the Long Term – The Motley Fool

If you’ve got $5,000 you’re looking to put away for the long term, consider technology companies. They can deliver handsome returns to investors with a long-term mindset. That’s because they typically grow revenue more robustly than, for example, brick-and-mortar retail businesses.

Meta Platforms (FB 0.72%) and Alphabet (GOOGL 0.28%) (GOOG 0.19%), specifically, are excellent tech stocks to buy and hold for the long term. Each has a dominant position with its services and coincidentally operates in the advertising industry with its massive total addressable market. Let’s take a closer look at these two buy-and-hold potentials.

1. Meta’s stock price has cratered

With the headwinds Meta Platforms faces in the near term, it can be easy to forget its dominance. The company, formerly known as Facebook, boasts 2.8 billion daily active users across its family of social media apps, including Facebook, Instagram, Messenger, and WhatsApp. That figure was 8% higher year over year, so despite…

Read Full Story: https://www.fool.com/investing/2022/06/08/got-5000-tech-stocks-to-buy-and-hold-for-long-term/

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