If the current state of the stock market is making you anxious, you are not alone. Investors are taking note of the warning signs that a market correction or even a crash could be imminent.

Rather than worrying about what the market might have in store, it’s a smart strategy to use this time around to focus on building your nest egg and fortifying your portfolio for the future. Market fluctuations are an integral part of investing, and the reality for long-term investors is that these ups and downs can have a short-term effect on the performance of your portfolio.

By focusing on quality stocks with a history of stable returns and promising growth avenues, you can minimize the potential effect of volatility on your holdings while ensuring long-term returns. On that note, if you want your portfolio to survive and thrive in both the next market crash or the next correction, here are two top companies to consider buying right now.

1. Amazon

It’s an old man but a goodie. Over the past year, Amazon (NASDAQ: AMZN) has built on its track record of stellar growth in its balance sheet. The company continues to expand its wide range of businesses that range from e-commerce to cloud computing and from artificial intelligence to healthcare. Shares of the juggernaut have soared 35% in the past year alone.

In 2020, Amazon increased its net sales by 38%. Its net income jumped to $ 21.3 billion, a peak of almost 84% from the $ 11.6 billion net income the company reported in 2019. Amazon has continued to increase its impressive cash position in 2020, with operating cash flow up 72% over the 12-month period. .

Amazon started 2021 on an equally positive note. Its net sales for the first quarter were an increase of 44% over the previous year, and its net profit climbed more than 220% year-over-year. The company’s Amazon Web Services (AWS) business is a key catalyst for the continued growth of its balance sheet – driving 32% year-over-year sales growth in the first quarter. During the first quarter, Amazon also launched “the next generation of Echo Buds,” opened new Amazon Fresh locations in the United States and London, and reached 200 million Amazon Prime members.

Amazon’s continued resilience to volatility can be attributed to its faculty and the uninterrupted demand its businesses attract. Case in point: AWS has become the world’s leading cloud infrastructure provider. According to Statista, “Amazon’s market share in the global cloud infrastructure market was 32% in the fourth quarter of 2020, still exceeding the combined market share of its two largest competitors, Microsoft and Google. ”

Amazon also continues to dominate e-commerce, with Statista estimating that the company “will account for 50 percent of the gross merchandise volume of the entire e-commerce retail market” as of this year.

Amazon’s race for a compelling growth game is far from over, and it has proven to be truer than ever throughout the past year. If you want to stabilize your portfolio in the face of market head winds, Amazon is a gem to buy and hold for decades to come.

AMZN given by YCharts

2. Innovative industrial properties

The cannabis industry in the United States is known to have suffered a mix of headwinds and headwinds, but many leading stocks in this sector have capitalized on expanding market opportunities and new waves of State through State legalization. Innovative industrial properties (NYSE: IIPR) is one of my favorite high caliber pot games that you can buy and hold for long term, sustainable returns.

Innovative Industrial Properties is a real estate investment trust (REIT) that operates solely in the field of medical cannabis. How exactly does it work? Innovative Industrial Properties has a large portfolio of greenhouses and industrial properties in states such as Arizona, California, Florida, Illinois and Massachusetts. The company leases these facilities to licensed producers of medical cannabis.

Another way that Innovative Industrial Properties differentiates itself from the average pot stock is that it pays a dividend – and a solid dividend to boot. Its dividend pays 3% based on the current share price, and the company just announced a 32% year-over-year increase in its quarterly payout on March 15.

Innovative Industrial Properties saw its turnover increase by 162% during the year 2020. In addition to its impressive turnover growth, the company’s net profit increased by an astounding 191% of year after year. And in the first quarter of 2021, its revenue and net profit increased by 103% and 122% respectively.

As the legalization of medical cannabis grows nationwide, Innovative Industrial Properties still has a lot of market share to tap into this highly profitable side of the marijuana industry. In fact, Alabama passed a law this week to open up a market for medical cannabis. With this REIT pot, investors can reap the benefits of this growing market in the form of continued dividend growth and stock price gains.