£1000 to invest? 1 FTSE 100 growth stock I’d buy and hold to build wealth – Motley Fool UK

The Covid-19 pandemic created a swathe of new trends, one of which was the rise of athleisure. As employees got used to working from home, comfort became paramount. No longer having to don office attire, tracksuit bottoms and comfortable jumpers became a necessity for many and the demand for athleisure products exploded, with JD Sports Fashion (LSE: JD) one of the stock market’s biggest winners.

JD Sports is a British success story and having recently cracked the US markets, long-term earnings look set to continue their upward trend. Profits for 2021 are expected to top £550m, a record for the company. At the centre of JD’s strategy are strong partnerships with internationally recognised brands such as Nike, adidas, Puma and The North Face. Sales are not only delivered through their physical stores but through a market-leading ecommerce platform, which coincidentally helped sales boom through the Covid-19 induced lockdowns. The bumper sales sent JD’s share price to £12.26, up 49% over one year, the FTSE 100 index by contrast has risen by 18% (dividends not included). However, if you had held the shares over the last five years, you would have seen a 255% rise in your holding as opposed to a meagre 8.5% from the FTSE 100 (again, dividends not included).

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

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Some investors may believe that the growth story has now been priced into the shares and any further share price appreciation may be muted. I personally do not think this is the case. As an investor who seeks out companies to buy and hold for the long term, I am always looking for innovative companies, with experienced management teams and strong financials. In the case of JD Sports, I believe I have all three. Peter Cowgill, the executive chairman, has been leading the …….

Source: https://www.fool.co.uk/2021/11/08/1000-to-invest-1-ftse-100-growth-stock-id-buy-and-hold-to-build-wealth/