This Magnificent Growth Stock Has Skyrocketed Nearly 6,000% in the Past 5 Years: Here's Why I'm Not Buying It.

If you're someone who likes to pick individual stocks, your hope -- no doubt -- is for those companies to outperform a broad index. That's a difficult task with the Nasdaq Composite up 124%, including dividends, since March 2019.

However, some businesses have been able to absolutely trounce the index. Look no further than Celsius (NASDAQ: CELH) as proof. The purveyor of functional energy drinks has seen its shares skyrocket 5,870% in just the last five years. This means a $1,000 investment back then would be worth almost $60,000 today.

This beverage stock continues to soar in 2024, benefiting from tremendous momentum. But I'm still not buying it. Here's why.

Source Fool.com