Of course, it can be quite difficult toseparatehigh-quality stocks from low-quality ones, as many of today's most promising companies are destined tofail. Despite that, I'm certainmy portfolioOpens a New Window. has a handful of amazing stocks in it that could easily qualify as "hold forever" candidates. Below is a list of three of them that I can't ever imagine parting with.
First up is on today's list is the house that Bezos built, Amazon.com (NASDAQ: AMZN).
While the company is best known as a one-stop shop for everything retail, the primary reasons I plan on hanging on to my shares over the long haul are its Prime and Amazon Web Services businesses. Here's why.
Research company CIRP has estimated that 63 million Americans have signed up to become Prime members. That's terrific news for shareholders, as Prime members buy more than twice as much stuff fromthe company's site than non-members. That's a big reason the company isfanaticallyinvesting to make a Prime membership even more attractive by also offering free access to music, books, TV shows, and movies. In a sense, Amazon has created an ecosystem that'sdesigned to keep members very loyal to its site, and results clearly show that the strategy is working.
Then there's Amazon's Web Services (AWS), which has been nothing short of a phenomenalsuccess. Revenue from this division is growing at stellar rates, coming in at 58% last quarter. That should easily put it on pace to surpass the 11-figure markOpens a New Window. this year. Better still, AWS is highly profitableOpens a New Window. , providing the company with gobs of cash flow that it can use to plow back into the business to keep the growth coming.
In total, Amazon has three fantastic businesses that make it the ultimate growth stock. When you consider that only 8% of all U.S. retail sales occur online, it doesn't take much imagination to project decades of strong growth ahead. That makes this one stock that I can't imagine ever parting with.
A robotic surgery pioneer
The world's population is getting older, which should drive the demand forhigh-quality healthcare ever higher for decades to come. One company on the cutting edge of healthcare innovation is Intuitive Surgical (NASDAQ: ISRG), the worldwide leader in robotic surgery.
More than a decade ago, Intuitive Surgical launched its da Vinci system, which helps physicians perform a variety of surgical procedures. The system has proven to be a huge hit with patients and providers around the world. There are currently more than 3,745 da Vinci systems in place worldwide, and each time a procedure is performed on a da Vinci, Intuitive gets to rake in sales of high-margin disposables. That provides the company with a highly predictable revenue stream.
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