2 Superior Growth Stocks to Buy and Hold for 10 Years

Amazon and Visa are high-quality growth stocks that have the potential to outperform the market over a 10-year investment horizon. Amazon's Amazon Web Services (AWS) segment is projected to grow at a double-digit rate annually, with the potential to reach $1 trillion in annual revenue. This could generate around $400 billion in operating profit for AWS alone.

Visa, on the other hand, operates a payment network with an extremely high profit margin of 50%. Visa's revenue grew 14% in the second quarter, reaching $11.6 billion, and it processed $4 trillion in payment volume in a single quarter for the first time. With consumer spending still heavily reliant on card-based transactions, Visa's revenue is expected to grow at double-digit rates, with earnings growing even faster.

Both companies are currently trading within their historical valuation ranges, making them attractive options for long-term investors seeking superior returns.