3 Robinhood Stocks to Buy and Hold Forever

Robinhood (NASDAQ: HOOD) developed a reputation as being a platform for traders and casual stock market observers to buy and sell stocks, but it has evolved into much more than that. The company is rapidly emerging as a leading brokerage for retirement accounts and has done a solid job of reinventing itself as a place to buy stocks and hold them for the long term.

With that in mind, here are three stocks among the most popular on Robinhood’s platform that could be worth a closer look for buy-and-hold investors.

An incredible business (well, two) with lots of room to grow

It’s tough to find a company that is the clear market leader in not one, but two businesses with lots of growth potential, but that’s exactly what Amazon.com (NASDAQ: AMZN) is. Amazon is well-known for being the e-commerce leader, a field in which it is so dominant that it has a greater market share than its next 10 competitors combined. E-commerce is still in the relatively early stages, accounting for roughly 15% of all U.S. retail sales today.

The other side of the business is Amazon Web Services, or AWS, which is Amazon’s cloud services business. It isn’t quite as dominant as the e-commerce business, but it is a clear leader over main rivals from Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Not only is this the more profitable side of Amazon’s business, but the global cloud computing market is expected to grow to $2.5 trillion by 2032 — roughly five times its 2022 size.

If Amazon can simply maintain its market share in its two core businesses, it could be a home run for patient investors. And that doesn’t even consider the possibility of other, new businesses. With the stock still almost 20% below its all-time high, now could still be a great time to buy.

A turnaround story with tons of upside

Unlike the other two stocks in this discussion, Disney (NYSE: DIS) significantly underperformed in 2023. While returning CEO Bob Iger has made some smart moves, there’s still plenty…