The stock market has been hitting all-time highs recently, with the S&P 500 and Nasdaq reaching fresh records. While some stocks may seem expensive, there are still great opportunities to be found. Here are two stocks that may not be as cheap as they were a year ago, but could still be excellent long-term investments.
One of these stocks is Shopify (NYSE: SHOP), an e-commerce powerhouse that offers a wide range of services beyond just online stores. Despite its high valuation, Shopify has shown impressive growth in its latest results, with strong increases in gross merchandise volume and monthly recurring revenue. With a growing ecosystem of e-commerce tools, Shopify remains a solid choice for investors looking for long-term growth potential.
Another stock to consider is Ryman Hospitality Properties (NYSE: RHP), a real estate investment trust that owns hotels and entertainment assets, including the iconic Ryman Auditorium and Grand Ole Opry. Ryman has seen strong performance in its hotel business, with record revenue and operating income in 2023, as well as growth in its entertainment segment. With a focus on capital improvements and expansion, Ryman offers investors a solid dividend yield and potential for future growth.
Both Shopify and Ryman have long-term growth potential, making them attractive options for investors looking to build a diversified portfolio. While the stock market may be at an all-time high, these two stocks could still be worth considering for those with a long-term investment horizon.
