The problem, of course, is that costs for certain goods consumed by seniors continues to increase at a fast pace. Healthcare costs, food and living expenses are three buckets that none of us can really pull back from. We need to eat, heal up, and have a roof over our heads. It's as simple as that.
This past quarter, Lyft provided record revenue of $1.7 billion, surging 11% year-over-year. This impressive surge was driven by gross bookings which increased 16% (indicating solid demand) and impressive pricing power which has led to solid profitability. On that front, Lyft brought in more than $46 million in net earnings, a big swing from the -$12.4 million loss the company saw in the same quarter a year prior.
Over the next decade, you'll surely want to own at least one artificial intelligence (AI) chip stock. You might assume that all you need is NVIDIA ( NASDAQ:NVDA) stock and nothing else. However, even though NVIDIA is the market's darling, your best pick could actually be Advanced Micro Devices ( NASDAQ:AMD) stock. Even though it's a giant company, Advanced Micro Devices is an underdog in some respects.
It might seem like a daunting time to buy new stocks. The S&P 500 is hovering near all-time highs and trading at historically high valuations, and some unpredictable headwinds -- including tariffs, geopolitical conflicts, and a government shutdown -- could pop that bubble. But if you have $1,000 to set aside for a least a few years and can look past those near-term challenges, there are still plenty of growth stocks worth investing in.
The Trade Desk operates a cloud platform for brands and advertising agencies to manage and optimize their digital advertising campaigns. Demand for the company's services has risen steadily over the years, allowing it to post healthy increases in revenue, net income, and free cash flow.