3 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

Long-term growth centers on picking high-quality companies with competitive advantages and large runways ahead, while not caring as much today's P/E ratio

That's because over the long term, high-quality stocks should win out

Even Warren Buffett's late partner, Charlie Munger, once noted that a company's return on capital should reflect overall returns over a long-enough period, even if you pay a "fancy-looking price" in the present

In that light, the ing three growth companies look solid long-term buys today, even after good runs off their April bottoms

This year should also see the launch of ject Kuiper, Amazon's satellite-based broadband company

Kuiper launched its first satellites into space back in April and aims for its first commercial revenue this year

Artificial intelligence also has the spect of greatly boosting Amazon's future fit

That should come in several forms: viding AI infrastructure on AWS, its own AI services on Amazon's prietary Trainium chips, and applying AI to its existing e-commerce

E-commerce retail is capital-intense and difficult, but AI has the spect of turning Amazon's treasure trove of data into better customer targeting as well as more efficient fulfillment and dery

This month, CEO Andy Jassy wrote a letter to employees enumerating the myriad ways generative AI is making Amazon a better, more fitable company, although he also cautioned: "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs

It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company. " While the announcement may be nerve-wracking to current Amazon employees, it seems to bode well for Amazon's fit potential, and therefore its holders

Sea Limited Another e-commerce company firing on all cylinders is Southeast Asian super-app Sea Limited (SE -0

Today, Sea's es are back firing on all cylinders

Its cash cow mobile gaming, underpinned by self-developed game Free Fire, seems to have just awakened last quarter from its long, post-pandemic slumber

The post-pandemic period also forced management to get its loss-making units fitable quickly

These included Shopee, Sea's e-commerce platform that is now the largest in Southeast Asia, and SeaMoney (now called, "Monee"), its digital finance

Image source: Getty Images

Sea appears to have now found a happy medium of fitable growth, not only for its as a whole, but also for each unit independently

With all units now fitable and growing, it's possible Sea may venture into other geographies and es

Sea has already expanded in Brazil, its only market outside Southeast Asia

But before the pandemic, management had discussed expanding to Europe and India

Those plans were scuttled once inflation and interest rates picked up, but given the ' newfound financial strength, new expansion initiatives may be on the table once again

SharkNinja makes premium, highly engineered ducts that can generate five-star ratings, targeting customers looking for high-quality ducts at a reasonable price

That's still really impressive, considering the company is now larger, making it harder to grow, while also under the cloud of tariffs

SharkNinja aims to add two new sub per year, and it has ample room to expand geographically, having entered the U

Given its strong track record of fitable growth and long runway ahead, SharkNinja is a solid buy today at just under 20 times this year's earnings estimates

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors

Billy Duberstein and/or his clients have positions in Amazon, Sea Limited, and SharkNinja

The Motley Fool has positions in and recommends Amazon and Sea Limited

The Motley Fool recommends SharkNinja

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