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2 brilliant growth stocks to buy now and hold for the long term

We are in the early innings of what is one of the largest investment megatrends in history. Supercycles around decarbonization and digitalization create a huge need for computing power and clean energy. Companies will have to are investing trillions of dollars in the coming years to support their digitalization and decarbonization initiatives.

Given the sheer magnitude of these trends, there are likely to be many winners in the long run. However, a number of companies stand out for their robust growth potential associated with these megatrends Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) And Constellation Energy (NASDAQ: CEG). Here’s why they’re great growth stocks to buy now.

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Brookfield Infrastructure has a globally diversified platform of utility, midstream, transportation and data infrastructure companies. The company estimates that about 60% of its sales benefits of the digitalization trend.

The data infrastructure platform is the most obvious beneficiary. Brookfield has built a global data center platform that is is growing rapidly due to the increasing need for computing power. In addition, the company’s telecommunications towers and fiber optic equipment respond to the ever-increasing need for data transmission infrastructure. Brookfield is also investing about half of the capital needed to finance the development of two of them semiconductor manufacturing facilities in the US

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Meanwhile, the company’s utilities and midstream assets benefit of growing energy demand, especially low-carbon natural gas. This opens the doors to new expansion possibilities.

Finally, Brookfield sees a robust opportunity to continue acquiring infrastructure assets globally. Companies need capital to invest in digitalization and decarbonization of the economy, providing Brookfield with greater opportunities to be a capital provider. The company’s current investment pipeline is as large as it has been in two years and continues to expand.

These factors drive Brookfield Infrastructure’s view that the company should be able to grow its financial resources from operations (FFO) per share at an annual rate of more than 10% in the future. Additionally, Brookfield pays a high-yield dividend (about 4%) that should grow 5% to 9% annually. That combination of profit and income growth means Brookfield can potentially produce annually total return mid-teens.

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