Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.
Taiwan Semiconductor Manufacturing's foundry business gained market share in Q4 2022 and is reported to be over 58%.
Taiwan Semiconductor Manufacturing's utilization rate is expected to bottom in Q1, earlier than expected. Is this great news for companies with exposure to consumer electronics?