3 Stocks You Can Safely Own Until 2030
Steve Symington, Keith Speights, and Demitrios Kalogeropoulos, The Motley Fool
August 27, 2018
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Buying and holding high-quality stocks for the long term is the best way to predictably beat the market. And we're not talking about trading stocks after owning them for weeks or months; we advocate that you consider finding businesses you're comfortable owning for years.
To that end, we asked three top Motley Fool contributors to each find a stock that they believe you can safely own until the year 2030. Read on to learn why they like iQiyi (NASDAQ: IQ), Kroger (NYSE: KR), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
Woman drawing a line indicating exponential growth
IMAGE SOURCE: GETTY IMAGES.
The Disney of China Steve Symington (iQiyi): iQiyi shareholders have had a wild ride since the company spun off from parent company Baidu earlier this year. After declining modestly from their IPO price of $18 per share in late March, shares had nearly tripled by mid-June as investor enthusiasm for the so-called "Netflix of China" hit a fever pitch. Now shares have plunged more than 30% from those highs, both as traders take profits and given broader concerns over tariffs and a potential trade war between the U.S. and China.
All the while, though, iQiyi has been steadily expanding its scope as it chases its broader ambitions for -- as CEO Tim Gong Yu has teased in recent months -- growing beyond its streaming-video roots to achieve a level of scale and diversity closer to that of Disney than Netflix. In May, for example, iQiyi not only kicked off an ambitious physical movie theater expansion, it also jumped on news that over a million people had signed up for a new cross-platform membership program with Chinese e-commerce leader JD.com.
If that wasn't enough, last month, iQiyi marked its entrance into the mobile gaming space by acquiring game publisher Skymoons. Then last week, it followed by unveiling a new partnership with Ctrip to provide exclusive travel benefits to its VIP-level subscription users.
Of course, that certainly doesn't mean all of iQiyi's irons in the fire will succeed, but it's evident that the company's ambitions are much greater than most investors are giving it credit for. As its reach continues to grow while it simultaneously fosters its thriving video-streaming business, I think that will result in astounding gains for patient investors willing to buy and hold the stock.
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