3 Monster Stocks to Hold for the Next 10 Years
Identifying good stocks to own for the foreseeable future is one thing. Finding stocks with enormous growth potential to buy and hold for a full decade is another. It isn’t enough to offer a superior product or service. It must also operate in an industry that’s sure to grow — a lot — for the long haul.
With that as the backdrop, here’s a rundown of three monster stocks to consider adding to your portfolio now and holding for several years. None of them are household names. As you’ll see, however, each offers plenty of game-changing promise.
Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free »
In its infancy, broadband internet connectivity required physical connections like a phone line or cable TV cord. Then the wireless leap was made, turning your mobile phone into a connected device using antennas attached to cellphone towers.
Now these connections can be made from outer space. AST SpaceMobile (NASDAQ: ASTS) is not only making it possible, but relatively easy as well as reasonably affordable. At first blush, it seems like a solution to a problem that doesn’t exist. There’s enough mobile infrastructure peppered across the United States for seemingly everyone to remain connected.
Look beyond the U.S., though. AST SpaceMobile reports that of the planet’s 7.9 billion people, 3.7 billion of them face a significant gap in access to broadband (if they have access at all), while another 5.3 billion cellular subscribers occasionally lose connectivity due to terrain or travel. And, as recent hurricanes Helene and Milton reminded us, land-based connections aren’t immune to being knocked out.
AST SpaceMobile is still a start-up, with all the usual hallmarks of a young company. Those are minimal revenue paired with sizable losses. Indeed, the company’s top line was just a little less than $1 million during the second quarter of this year, yet it spent nearly $64 million on operating expenses like R&D and equipment construction — a fairly typical quarter so far.
The trajectory of its business is the key here, however. A year ago, the company wasn’t generating any revenue at all, and it didn’t actually launch its first commercial satellites until September of this year (in partnership with AT&T). And, it was only a few days ago that these so-called Bluebirds deployed the solar panels that will power them.
Once they’re fully activated though, they’ll each be able to deliver the same voice, data, text, and video services you currently enjoy with your more traditional mobile connectivity. They’ll just be making it happen from orbit.
Leave a Reply