2 Supercharged Growth Stocks That Could Go to the Moon in 2024

Long-term investors have been treated to an interesting few years in the stock market since the pandemic began. But great businesses with wide moats and solid forward-looking growth stories haven’t gone anywhere. Even as investors are currently witnessing the long-awaited bull market, it’s important to understand the market is cyclical.

Bad days will come and go, but the stock market has a consistent habit of not only recovering from those doldrums but steadily rising with the passage of time. For investors with the appropriate buy-and-hold time horizon, that’s a compelling reason to put cash into fantastic companies and hold them for years no matter what the market is doing.

If you’re looking for two stocks that have considerable growth potential in 2024 and well beyond, here are two names to add to your buy list.

1. Shopify

Shopify (NYSE: SHOP) continues to expand its share of the global e-commerce platform market while staying true to its core business: providing a full-service selection of software and hardware solutions for business owners online and offline. Of the top 1 million e-commerce websites globally, Shopify controls a whopping 30% share, more than any other provider and beating out well-known names like WooCommerce, Squarespace, and Wix.

Everyone, from fledgling business owners to massive brands, can access a monthly or annual plan that suits their individual needs. The most affordable Shopify plan, its Starter Plan, starts at a mere $5 a month. However, some larger brands choose plans that start at around $2,000 a month.

Thanks to integrations with strategic partners, the Shopify platform features more than 10,000 apps that make order and payment processing, back-office workflows, marketing, and fulfillment a straightforward process. Shopify’s continued popularity with merchants, recent cost-cutting maneuvers, and price increases to its core subscriptions are rapidly improving its revenue, profits, and cash flow.

Story continues

In the third quarter of…