3 unstoppable stocks to buy instead of AMC

If you are looking for garbage, talk about it AMC Entertainment (NYSE: AMC), you won’t find it here. I expect AMC’s business to rebound significantly this year and into 2022. It’s possible that the top-flight title could still perform quite well in the short term.

However, long-term investors need to focus – unsurprisingly – on the long term. And it’s in the long run that things get more murky for AMC, in my opinion. I doubt the company will experience strong and sustainable growth once it fully recovers from the effects of the pandemic.

On the other hand, there are other companies that should have huge long term prospects. These companies will not only benefit as concerns about COVID-19 hopefully diminish; they are built to continue to grow for years to come. Here are three unstoppable stocks to buy instead of AMC.

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Amazon.com

What technologies are almost certainly going to be even more widely adopted in the future? I would definitely put artificial intelligence (AI), e-commerce, self-driving cars, streaming TV, and telehealth on the list. Amazon.com (NASDAQ: AMZN) targets each of these areas.

“Targeting” is really too weak a word to use when it comes to Amazon’s e-commerce business. The company reigns as the 800-pound gorilla in e-commerce with online sales of $ 52.9 billion in the first quarter, up 41% year-over-year. But e-commerce only accounted for 13.4% of total US retail sales in the first quarter, giving Amazon plenty of growth opportunities.

Amazon’s most obvious AI product is its virtual assistant Alexa. However, the company is probably having the most impact on AI adoption with its Amazon Web Services (AWS) cloud hosting unit. Almost 90% of cloud AI deep learning projects are hosted on AWS.

Perhaps the best reason to invest in Amazon is that it offers a wide range of growth opportunities. One that I am watching particularly closely is the evolution of the company in the health sector. Amazon has already launched an online pharmacy and is well positioned to become a leader in telehealth with its new Amazon Care service.

Brookfield Renewable Power

Another unstoppable trend that could make big money for investors in the long run is the increased use of renewable energy sources. Countries around the world have set ambitious targets for reducing carbon emissions. The same goes for large companies (including Amazon). Brookfield Renewable Power (NYSE: BEP) (NYSE: BEPC) stands out as one of the best renewable energy stocks to buy.

Brookfield Renewable operates nearly 6,000 power generation facilities on four continents with a combined capacity of approximately 21,000 megawatts. About 62% of the company’s capacity comes from hydroelectric power, but Brookfield Renewable is increasing its wind and solar portfolio.

The company believes it can generate annual total returns of almost 15% over the long term. This goal appears achievable given that Brookfield Renewable has achieved an average annual total return of 18% over the past two decades and has a development pipeline that could more than double its current capacity.

Brookfield Renewable is also offering something that neither AMC nor Amazon does – a big dividend. Its dividend yield currently stands at almost 3%. The company has increased its distribution by a compound annual growth rate of 6% since 2000.

Intuitive surgery

There is another unstoppable trend that you probably don’t think about much. The use of robotic surgical systems continues to grow. Intuitive surgery (NASDAQ: ISRG) is the undisputed leader in this market.

Like AMC, Intuitive Surgical has faced the headwinds of the COVID-19 pandemic although its challenges have not been as great as those of the movie chain. The good news for Intuitive is that litigation volumes continue to rebound strongly.

How far can Intuitive grow? The company estimates that around 6 million procedures are performed each year where it already has products and regulatory approvals. In 2020, Intuitive’s robotic systems were used in just over 1.2 million procedures.

Better yet, Intuitive Surgical continues to introduce new products that expand the types of procedures for which robotic assistance can be used. Almost 20 million soft tissue surgeries are performed each year. Over time, Intuitive may be able to target all of these procedures.