Consumers drive the U.S. economy -- an estimated 68% of America's gross domestic product comes from personal consumption. This means that stocks of companies where consumers open their wallets can be significant long-term investments.
I have identified a few high-quality consumer names that have been doubted by some, pushing valuations to on-sale levels. Here is what you need to know about these three growth stocks and why they could outperform.
E-commerce is a foundational part of consumer spending in America, and nobody does e-commerce like Amazon (NASDAQ: AMZN). The company has a staggering 37% market share of online sales in the U.S. With coming in at No. 2 with just a 6% share, it's hard to see anyone catching Amazon, especially after the company pumped up its supply chain investments in recent years, building a logistics network for order fulfillment that might be unmatched worldwide.
Source Fool.com