religion stock
n. Stock from a company that investors believe will continue to show increased revenues and profits for many years to come.

Example Citations:
A religion stock inspires (or used to inspire) blind faith. You know the names: America Online, Charles Schwab, Cisco Systems, Dell Computer, EMC, Lucent Technologies, Medtronic, Microsoft, Oracle and Yahoo, among others.
—Jane Bryant Quinn, “False Worship at the Altar of Hot Stocks,” The Washington Post, October 29, 2000

Investors who bought and held any one of those 34 stocks might have thought they were playing it safe. But in business, “a lot can change in a short time,” Feld says. The same is true of any particular market sector, including what Leuthold calls the high-tech “religion stocks.” Where will Cisco, Intel and Oracle be in 2010, compared with the SP? What about Yahoo and Amazon?
—Kevin Peraino and Temma Ehrenfeld, “Wave The Bubble Goodbye,” Newsweek, April 24, 2000

Earliest Citation:
“Texas Oil and Gas has been a religion stock within the energy group,” said George D. Baker, an industry analyst at Smith Barney, Harris Upham & Company.
—Vartanig G. Vartan, “Market Place; Mixed View Of Gas Stock,” The New York Times, January 2, 1985

Notes:
Marcelo Mareque suggested today's phrase.

Related Words:

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