Forget Apple! Buy These 3 High-Growth Pot Stocks Instead
When it comes to top-tier investment ideas, technology and innovation kingpin Apple (NASDAQ: AAPL) usually finds its way onto the list. A quick look at Apple's track record speaks for itself, with substantive U.S. smartphone market share and rapidly growing service revenue derived from its Watch and streaming platforms. Not to mention, Apple has enough cash on its balance sheet that it could (in theory) purchase all but a few dozen publicly traded companies.
This year, investors are buzzing about Apple's upcoming release of 5G-capable iPhones. Consumers' ability to access even faster data downloads is liable to lead to a strong upgrade cycle and help push Apple's earnings growth into the low double-digit percentage range.
Apple's branding, cash hoard, and market share make it a relatively safe bet for investors -- but it's certainly not the only bet they should be making with their money. Although cannabis stocks grossly underperformed the stock market (and Apple) as a whole in 2019, there are a trio of high-growth pot stocks that I believe could handily outperform the largest publicly traded company in the U.S. over the next decade.
Source Fool.com
