Netflix (NASDAQ: NFLX)
Netflix is a market leader in streaming television and was the most nominated brand for the recent 76th annual Primetime Emmy awards, which demonstrates the breadth and quality of its programming. The company reported a sparkling set of earnings for the first half of 2024 (1H 2024). Revenue rose 15.8% year on year to US$18.9 billion. Operating profit jumped 47.8% year on year to US$5.2 billion while net profit surged 60.4% year on year to US$4.5 billion....Investing for the long term ensures that you can effectively compound your money over time.
To do so successfully, you need to select strong growth stocks that can continue to increase their revenue and profits.
These businesses should ideally possess a strong competitive advantage and possess catalysts that can ensure their continued prosperity.
We highlight four compelling US growth stocks with the above attributes that are perfect for owning over years or decades.