3 Dynamite Stocks to Load Up on for the Next Major Bull Market Rally

Long-term stocks, or those that are meant to be held for more than a year, allow investors to ignore the daily fluctuations of the market. Known as “sleep-at-night” stocks, they remain reliable in the face of volatility and generally tend to rise over the long term. This investment strategy has certainly faced challenges recently, with gains seen mostly in top tech stocks increasing investor anxiety in a number of other top names.

However, in mid-2024, a sectoral rotation began, shifting investor focus from just technology to other sectors. The Dow and Russell 2000 showed renewed activity. Additionally, earnings season saw technology and sector leaders impact the market. It is best to rely on the long-term outlook of leading analysts rather than the results of a single quarter.

In particular, top stocks and those with sustained and high growth rates are worth considering. The three companies on this list are definitely tech or tech-adjacent, but they offer long-term sustainable growth profiles. For growth investors, this is the type of company worth focusing on right now.

So, without further ado, let’s see why these top long-term stocks are worth loading up on right now.

Key points about this article:

• Finding stocks that can deliver significant long-term total returns is important, and these stocks seem positioned to do just that.
• Here’s why Meta Platforms, Eli Lilly, and Taiwan Semiconductor are three top stocks that have the potential to continue beating expectations going forward.
• If you are looking for action with huge potential, be sure to grab a free copy of ours brand new “Next NVIDIA” report.. It has a software stock where we are sure it has 10x potential.

Meta Platforms (META)

Meta Platforms sign outside of an office

The tech and social media giant Meta platforms (NASDAQ:META) was just introduced AI Studio to the world. The feature allows Instagram, WhatsApp and Facebook Messenger to create personas through AI. Users can develop characters as extensions of themselves or based on their interests. Aimed initially at creators, AI Studio aims to improve personal connections with audiences while saving time. The tool’s ability to mimic creators’ voices and tones is expected to be well received.

According to data from investing, about 77% of Internet users use Meta Platforms applications. Digital advertising is projected to reach $1.6 trillion by 2032. In the recent report, revenue grew by 22%, enhancing its market position. Additionally, the company is integrating new AI features to increase ad effectiveness and user engagement, potentially boosting future revenue. Meta’s businesses in VR and the metaverse promise new revenue streams, reflecting the growing trend of online and digital interactions.

After hitting a peak of $543 in July, the stock has since corrected 10%. Meta’s estimated investment capital for the year is $35 to $40 billion, with large investments anticipated. That being said, predicts CEO Mark Zuckerberg profitable AI services following this investment phase. Meta’s Q2 2024 ad revenue was $38 billion, and despite Reality Labs’ losses, future growth is expected, particularly from emerging markets. Buying META stock now could pay significant dividends as growth accelerates.

Eli Lilly (LLY)

An Eli Lilly logo above an image of a stock price feed and a bull and a bear

With the latest Q2 2024 report just released, of Eli Lilly (NYSE:LLY) once again impressed the market by beating analysts’ estimates. That led to the company’s revenue outlook for fiscal 2024 increasing by $3 billion. Shares were also up 11% in pre-market trading in reaction to this quarter of bullishness and growth.

The company now projects annual revenue of between $45.4 billion and $46.6 billion and raised its adjusted earnings estimate to $16.10 to $16.60 per share. This growth was driven by strong sales of diabetes drug Mounjaro and slimming injection Zepbound, along with improved clarity on production expansions and international launches. Eli Lilly also reported achieving multiple sourcing milestones.

Demand for incretin drugs such as Zepbound and Mounjaro increased, prompting Eli Lilly and Novo Nordisk to invest heavily in production. Eli Lilly’s supply problems are easing, with the FDA reporting full availability of both drugs in the US. Despite this, the company warned of a potential supply squeeze due to increased demand. CEO David Ricks pointed out that demand remains high even without aggressive promotion. Currently, the company has built new factories and hired more labor to increase production. Eli Lilly expects 50% production growth before the end of 2024. That’s the kind of long-term growth investors want to hear about, and it’s why LLY stock remains a top pick for stock seekers growth with a higher valuation right now.

Taiwan Semiconductor (TSM)

Image of a Taiwan Semiconductor office building

As the largest chip foundry holding 60% global market share, Taiwan Semiconductor (NYSE:TSM) remains a great stock to buy. A publicly traded company since 1997, TSMC excels with high operating margins due to its size and advanced technology. The company has moved to a no-fab model, adding major customers like AMD, Apple and Nvidia over the years. TSMC currently has over 73,000 workers powering an absolute chip giant.

Moreover, the company capitalized on the high demand for AI-related chips. With Nvidia’s influence on trends and high requirements, this also helped TSMC increase production capacity. TSMC is now continuing to transition to 2-nanometer technology to improve performance and be more cost-effective. Although Apple is rumored to seek all of TSMC’s 2-nanometer production, the company anticipates improved margins and potential price increases due to its strong market position and strong demand.

TSMC is thriving on high demand for AI chips and is well positioned with the shift to 2nm technology and expanded capacity. Despite potential risks from high fixed costs and uncertain future demand, TSMC’s valuation of below 20 times 2025 earnings presents an attractive buying opportunity. The recent pullback in the stock presents a favorable opportunity to invest given the company’s promising long-term growth prospects.

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