No stock is worth holding forever, but there are a few that will rack up multiyear gains, “Mad Money” host Jim Cramer said Friday.
“I’m talking about secular growth stocks, a rare breed that you should always be on the lookout for,” he said. “These companies are driven by powerful long-term stories that transcend the strength or weakness of the underlying economy.”
Cramer pointed out that a true secular growth story can deliver stellar results even in a down economy.
“I like to look for big-picture themes, where you have a company that’s a play on a much broader trend. Take the move toward healthy eating in this country, and the embrace of natural and organic foods,” he said.