4 Large-Cap Stocks Expected to Increase Sales 508% to 1,118% by 2024
For the past 12 years, growth stocks have been all the rage on Wall Street. This shouldn't come as a surprise given that historically low lending rates and ongoing quantitative easing measures from the Federal Reserve have made borrowing cheap. With abundant access to capital, fast-paced companies have been free to innovate, hire, and acquire.
Typically, we see the fastest sales growth from smaller companies. But that's not the case for the following four large-cap stocks (i.e., companies with a market cap of at least $10 billion). Based on Wall Street's consensus estimates, these hypergrowth large-cap stocks are expected to increase their sales 508% to 1,118% by 2024.
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Source Fool.com