3 Stocks Poised for Long-Term Growth

Investing for the long term requires careful consideration and strategic planning. While short-term fluctuations may cause volatility, focusing on stocks with healthy long-term growth prospects can lead to substantial returns over time. In this article, we delve into three stocks that exhibit promising growth potential and could be excellent additions to a long-term investment portfolio.


Celestica (TSX: CLS)

Celestica offers supply chain solutions across various sectors, including aerospace, defense, communication, and health tech. With a solid financial standing and exposure to high-growth markets such as electronics manufacturing services and artificial intelligence, Celestica has demonstrated impressive returns year-to-date. The company's recent quarterly performance exceeded expectations, driven by strong growth in its Connectivity & Cloud Solutions segment. With a growing demand for AI/ML products and an attractive valuation, Celestica presents a compelling long-term investment opportunity.

Waste Connections (TSX: WCN)

Waste Connections has outperformed the broader equity markets this year, driven by continued acquisitions and robust quarterly performances. The waste management company's strategic acquisitions have significantly contributed to its revenue growth, with more acquisitions expected in the coming quarters. Additionally, Waste Connections is investing in resource recovery and renewable natural gas facilities, further bolstering its growth prospects. With a track record of consistent dividend growth and essential nature of its business, Waste Connections is well-positioned for long-term success.

goeasy (TSX: GSY)

goeasy is a subprime lender that has delivered impressive performances over the years, with consistent revenue and earnings growth. The company's recent quarterly results reflect continued growth, driven by record loan originations and expansion of its loan portfolio. With strategic initiatives focused on digital infrastructure and credit model enhancements, goeasy aims to drive further growth across its multiple verticals. The company's commitment to shareholder returns through dividend increases further reinforces its potential as a long-term investment.


Investing for the long term requires patience, diligence, and a focus on companies with strong growth prospects. Celestica, Waste Connections, and goeasy are three stocks that embody these qualities and could deliver substantial returns over the next 20 years. With their solid financial performance, strategic initiatives, and commitment to shareholder value, these stocks present attractive opportunities for investors seeking long-term growth.
Location: Canada

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