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Got $3,000? These Supercharged Stocks Can Triple Your Money in a Decade

TheMotleyFool

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Got $3,000? These Supercharged Stocks Can Triple Your Money in a Decade: https://g.foolcdn.com/editorial/images/711903/smiling-at-phone-online-banking.jpg

A high and rising return on invested capital (ROIC) has proven to be an excellent metric for investors hoping to find outperforming stocks.

While this is not a one-size-fits-all solution as many growth businesses have yet to reach profitability, looking at stocks in the top quintile of ROIC percentage can be a fantastic way to look for compounders to buy and hold.

This is the case for the two companies we will look at today: Adobe (NASDAQ: ADBE) and Ulta Beauty (NASDAQ: ULTA). Ranking 67th and 6th, respectively, in terms of ROIC among their peers in the S&P 500 index, these stocks offer high and gradually rising ROICs.

Source Fool.com

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