3 Stocks That Look Just Like Nike in 1980

3 Stocks That Look Just Like Nike in 1980

Nike (NYSE: NKE) is one of the great investing success stories over the past several decades. Thanks to an iconic brand, the marketing savvy to align itself with sports icons -- Michael Jordan, Serena Williams, Tiger Woods, Roger Federer, Cristiano Ronaldo, and more -- and a penchant for generating high rates of return on sales, Nike has turned a mere $100 in 1980 to more than $50,000 today on a total-return, split-adjusted basis. 

Stocks like Nike are the ones that will build wealth for investors. The problem is that being able to identify a company like Nike in its infancy is hard. So we asked three of our investing contributors to each highlight a stock they foresee as one that is in a position to generate returns over the long haul as Nike has. Here's why they picked First Solar (NASDAQ: FSLR), Square (NYSE: SQ), and Ulta Beauty (NASDAQ: ULTA).  

Continue reading

Source: Fool.com