3 Consumer Stocks That Turned $3,000 Into $30,000
In investing, the biggest gains often come from the unlikeliest of places. But while huge rallies are usually a surprise, we do know that eye-popping returns take many years to develop.
Below, we'll look at three consumer-focused businesses, Amazon (NASDAQ: AMZN), Domino's (NYSE: DPZ), and Ross Stores (NASDAQ: ROST), which have each returned 900% or more as investments over the past decade -- at time over which the broader market rose by just 60%.
A decade ago, e-commerce accounted for just 3% of overall retail spending, compared to 9% today. As the market leader throughout that period, Amazon has won far more than its fair share of those gains. Amazon's sales in the most recent fiscal year were $136 billion, which is more than Costco can claim -- compared to $15 billion in 2007.
Source: Fool.com
Amazon.com Inc. Stock
With 155 Buy predictions and 1 Sell predictions Amazon.com Inc. is one of the favorites of our community.
With a target price of 190 € there is a slightly positive potential of 11.63% for Amazon.com Inc. compared to the current price of 170.2 €.
