Many growth stocks have been hammered in recent months as rising interest rates have pushed investors to safer blue-chip investments. However, the market's most expensive growth firms have seen their valuations compressed to more sustainable levels, so investors who can tolerate the short-term volatility may find some fantastic bargains in this challenging environment.
Forever is a long time, and few businesses have the foundations to expand profitably for decades. It's challenging in the technology industry, where innovation is always on your tail. Despite the odds, some technological businesses have a good chance of becoming profitable "buy and hold" stocks in the future.
Here are five powerful corporations that can create a lot of cash to keep competition at bay and help shareholders get through difficult times.