2 Unstoppable Growth Stocks to Buy and Hold for the Next Decade

When it comes to investing in growth stocks, taking a long-term view can be a lucrative advantage. By looking further into the future, you can position your portfolio for gains that will help build your wealth. Here are two companies with excellent long-term growth prospects that could make you richer in the years to come.

#1 Growth Stock to Buy: Eli Lilly

Millions of people around the world want to look and feel better. Elie Lilly‘s (NYSE: LLY) A blockbuster new weight-loss drug is helping people do that and more while delivering huge profits to investors.

Zepbound, the health giant’s adult weight management treatment, could be a game-changer for the nearly 70% of American adults who are obese or overweight. These weight-related problems increase the risk of diseases such as diabetes, heart disease and stroke.

Zepbound helps you eat less by reducing hunger. A 72-week clinical study showed that people taking the highest dose of the drug lost an average of 48 pounds. Tirzepatide, the active ingredient in Zepbound, has also been shown to improve cholesterol, blood pressure, and blood sugar levels in adults.

With so many potential benefits, Zepbound sales are about to skyrocket. Goldman Sachs predicts that Eli Lilly will capture the lion’s share of an obesity drug market that could reach $130 billion by 2030. Analysts, meanwhile, expect Eli Lilly to grow its earnings per share by 63% annually over the next five years.

Growth Stock to Buy #2: Tesla

You’re here (NASDAQ: TSLA) is another leading company with leading positions in booming markets. The electric vehicle (Electric vehicle) The leader also has intriguing expansion potential in the field of artificial intelligence (AI) and robotics.

According to research firm MarketsandMarkets, the electric vehicle industry is expected to reach $950 billion by the end of the decade, up from about $388 billion in 2023. Tesla clearly still has plenty of room to grow in its core segment, electric vehicles.

Tesla is also a pioneer in the race to self-driving cars. Cutting-edge artificial intelligence powers its ever-improving self-driving technology. With millions of vehicles on the road, the electric vehicle pioneer has a powerful data-gathering advantage over rivals like AlphabetTesla’s Autopilot software is thus well positioned to achieve fully autonomous driving capabilities before its competitors.

CEO Elon Musk wants to use the technology to build a fleet of robotaxis. Tesla is developing a new autonomous vehicle called Cybercab as part of its ambitious plan to revolutionize the ride-hailing industry. Cathie Wood’s Ark Invest estimates that Tesla’s driverless car initiative could generate more than $600 billion in revenue by 2029 and send its stock price soaring. tenfold at $2,600 per share at that time.

The story continues

Tesla may have an even more powerful growth engine in the field of artificially intelligent robots. The tech giant is building a sci-fi-like humanoid robot called Optimus. Tesla’s robot is intended to boost productivity and alleviate labor shortages in factories and other environments in…