Google Inc (GOOG): One Tech Stock To Buy And Hold For The Long-Term

Another potential mover in terms of short and long-term growth is Amazon.com, Inc. (NASDAQ:AMZN) . Year-to-date for 2013, the company’s shares are up over 5%. Strengths for Amazon can be seen in a number of areas, including its solid cash flow from operations and nice revenue growth. Amazon has been becoming a bigger competitor to Apple, primarily in areas such as music and video, as well as with its MP3 services and Cloud Player coming up against Apple’s iTunes. Recently, Amazon announced a new Cloud app that is geared for certain iDevices such as the iPad and iPad Mini devices. This app will allow users of iPads, for instance, to directly stream from their Amazon cloud library, rather than having to load music onto their devices in order to stream it. Amazon has also announced an update to its Kindle app for iPhones and iPads.

The bottom line

Given the forward momentum, Google’s shares have continued to perform nicely of late – even with a price above $800. While Google’s shares no longer seem to represent a compelling buy, they are certainly a nice addition and should be held on to for the long-term.

Even though there may be some short-term downside due to macroeconomic issues, Google is very well positioned to weather nearly any type of downfall, especially in light of its innovative business model coupled with its continued strong balance sheet.

The article One Tech Stock To Buy And Hold For The Long-Term originally appeared on Fool.com and is written by  Maxwell Fisher.

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