$1,000 Invested in These 3 Stocks Could Make You a Fortune
With enough time on your side, even a small initial investment can grow into a fortune on the stock market. It isn't uncommon for a successful, growth stock to multiply its market capitalization over several years as the company expands its sales base and improves its earnings power.
And you don't have to invest in unproven, risky businesses to get good results, either. With that idea in mind, let's look at three stocks that look primed to deliver excellent long-term returns for shareholders. Read on for some good reasons to buy Tractor Supply (NASDAQ: TSCO), Airbnb (NASDAQ: ABNB), and PepsiCo (NASDAQ: PEP).
Tractor Supply isn't nearly done with its high-growth phase. The rural lifestyle retailer in late January revealed that sales jumped 21% year over year in the fiscal fourth quarter even after having spiked a year earlier. The company is winning market share in its pet, livestock, and rural home furnishings niches. It is also boosting sales through a healthy balance between higher customer traffic and increased spending per visit.
Source Fool.com
