It pretty much goes without saying that things change, and they can change fast. Apple introduced the first smartphone a short 11 years ago, and now they are ubiquitous. Many of our current technologies are less than 20 years old. The key to investing, especially for long-term buy and hold accounts, is to buy companies that will still be as relevant, if not more so, in the future.

In a fascinating new research work, the analysts at RBC put together what they are calling the IMAGINE 2025 Portfolio, with the title of the work being Themes, Opportunities and “The Law of Accelerating Returns.” The firm went to their analysts all around the globe for input, and the report noted this:

Our IMAGINE 2025 research report was an unprecedented collaboration across the RBC Capital Markets Global Research department to identify the themes and opportunities across sectors we believe will become the norm by 2025. Our process was brought full circle by asking our global analysts to identify the public companies under coverage they felt were positioning most boldly and effectively for the future based on our futures framework. The result? Our Imagine 2025 Portfolio. We believe the following names, across geographies and sectors, are best positioned to outperform over a seven-year time horizon through 2025.

RBC had selections in seven different sectors, we selected one from each. We made sure they all traded on American exchanges.

Global Industrials

Northrop Grumman Corp. (NYSE: NOC) was ranked as one of the top five defense contractors by sales last year. The company provides innovative systems, products and solutions in unmanned systems, cyber, C4ISR and logistics and modernization to government and commercial customers worldwide.

The Aerospace Systems segment designs, develops, integrates and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems.

The Information Systems segment offers advanced solutions for Department of Defense, national intelligence and federal civilian, state, international and commercial customers. It provides products and services primarily in the fields of command and control, communications, cyber, air and missile defense, intelligence processing, civil security, health information technology, and government support systems.

The Technical Services segment provides logistics, modernization, and sustainment services; and other advanced technology and engineering services, including space, missile defense, nuclear security, training, and simulation services.

Shareholders receive a 1.34% dividend. The Wall Street consensus price target is $372.06, and the shares closed trading on Tuesday at $315.12.

Global Technology

Alphabet Inc. (NASDAQ: GOOGL) continues to expand and is even working on a driverless car now. This global technology company is focused on key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products. It generates revenue primarily by delivering online advertising and by selling apps and contents on Google Play, as well as hardware products. The company provides its products and services in more than 100 languages and in 190 countries, regions and territories.

Alphabet offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome and Google Play, as well as technical infrastructure and newer efforts, such as virtual reality.

The consensus price target is $1,270.32. The shares closed Tuesday at $1,167.14.

Global Financials

Shares of JPMorgan Chase & Co. (NYSE: JPM) trade at a very reasonable 11.3 times estimated 2019 earnings and could also respond well in a rising rate scenario. One of the leading global financial services firms and one of the largest banking institutions in the United States, it has about $2.6 trillion in assets. The company as it is today formed through the merger of retail bank Chase Manhattan and investment bank JP Morgan.

The firm has many operating divisions, including investment and corporate banking, asset management, retail financial services, commercial banking, credit cards and financial transaction services. Earnings were outstanding, and the analysts remain very positive on the shares for the balance of 2018.

JPMorgan investors receive a 2.02% dividend. The consensus price target is $121.02. The shares closed Tuesday at $106.62.