The S&P 500 has rallied 18.5%, while the more growth-oriented Nasdaq Composite index has soared 36%. Parkev Tatevosian: Surprisingly, PayPal (NASDAQ: PYPL) stock is down about 80% from its high in recent years. Sure, the company is facing challenges in the near term that warrant some concern, but I feel like a sell-off of this magnitude is a buying opportunity for long-term investors.
If you invest in great companies and be patient, your portfolio can swell mightily. Consider these three contenders.
While investors might be very familiar with payments businesses like Visa, Mastercard, PayPal, or Block, a company like Adyen probably flies under the radar. It's worth mentioning that Adyen's customer list includes some of the most well-known enterprises out there, like McDonald's, Spotify, and Microsoft. Since Adyen's founding in 2016, the company's story can be characterized as achieving rapid growth.