Millennials: 3 Future Stocks to Buy and Hold

By Ambrose O’Callaghan

Many millennials have already been forced to contend with two economic catastrophes early in their investing life. The 2007-2008 financial crisis threatened to upend the global economy and ushered in an era of significant central bank intervention as well as historically low interest rates. In 2020, the pandemic brought about even bigger bailouts, but markets enjoyed a rapid and sharp rebound. Today, I want to look at three future stocks that millennials should stash for the long haul.

Why millennials need to get in on the e-commerce space

In September 2020, I’d discussed how investors could seek exposure to the surging e-commerce space. The COVID-19 pandemic forced brick-and-mortar retailers to close their doors. This pushed even more consumers to digital shopping channels.

Lightspeed POS (TSX:LSPD)(NYSE:LSPD) is a Montreal-based company that provides point-of-sale and e-commerce software. Shares of this future stock have climbed 5.5% in 2021 as of early afternoon trading on April 13. The stock has soared 388% year over year.

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