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Businesses with enormous development potential should be taken into consideration if you want stocks that you can purchase and hold for years, if not your entire life. These are the kinds of businesses that make a lot of money, are at the top of their respective fields, and are probably going to stay that way for years or even decades.

I have some excellent possibilities for you to think about, whether you’re just looking for high-quality investments to hold onto or you’re just starting out and growing your portfolio. You should be able to comfortably hold onto these three companies for decades: Alphabet (GOOG -6.94%) (GOOGL -7.29%), Walmart (WMT 1.68%), and Eli Lilly (LLY 1.95%). Here’s why they could end up being wise investments in the long run.

Eli Lilly Is One Of Invincible Stock

Over the years, Eli Lilly has been a growth engine, expanding its business through a combination of internal research and acquisitions. The company’s GLP-1 medications, Zepbound and Mounjaro, which are authorized for diabetes and weight reduction, respectively, are the main source of the current buzz.

Even while such medications have great promise, the company’s expansion isn’t solely dependent on them. Another successful medication that might increase the company’s future sales and profits is Kisunla, which was licensed by the Food and Drug Administration last year as a therapy for early-stage Alzheimer’s.

The business recently revealed intentions to construct Lilly Medicine Foundry, a facility dedicated to improved drug production and research. This $4.5 billion investment has the potential to help expand its pipeline over time.

With $41 billion in revenue during the previous 12 months, Eli Lilly made an operating profit of little under $15 billion. This has great long-term growth potential and strong margins, making it a good investment to purchase and hold.

Walmart

Another strong stock that probably won’t be slowing down anytime soon is big-box retailer Walmart. Many customers use its stores as one-stop shopping, but Walmart has been shown a desire for broader expansion than just adding additional locations.

Walmart created Walmart+ in 2020 in an attempt to satisfy customers who desire free delivery in addition to other benefits (such as streaming and discounts), and it has a lot of potential in the online retail space. Additionally, it purchased TV manufacturer Vizio last year in an effort to expand Walmart Connect, its advertising division.

With revenues of more than $670 billion over the previous 12 months, the corporation is already a beast. Despite its modest profit margins of little less than 3%, the low-cost leader’s volume puts it in a great position to increase its bottom line over time thanks to its many growth prospects.

Alphabet

Alphabet, a tech business, completes this list of growth companies with promise. Its two amazing features—its search engine, Google, and its videostreaming site, YouTube—are what I’ve always admired about it. Both platforms draw a lot of visitors and advertisers, which can fuel significant development in the near future.

Gemini is shown that it can be a strong competitor to OpenAI’s ChatGPT, despite Alphabet’s rocky start in the chatbot warfare. Alphabet’s advantage is that it incorporates Gemini directly into search queries, giving customers the best of both worlds whether they want to employ AI or just type a query.

Both Google’s cloud business and the possibility of the tech giant producing its own processors, which Apple has utilized to train its AI models, provide enormous development potential.

With approximately $56 billion in free cash flow over the last four quarters, Alphabet is extremely lucrative and a cash cow. This company appears to be unstoppable and has the resources to reinvest in its operations.

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