The stock market provides the opportunity to invest your savings in the best companies in the world. Investing in a portfolio of well-chosen growth stocks can pave the way for a happy retirement. Here are two high-quality growth stocks that could significantly increase your savings in the coming decades.
Investing in familiar brands is often a smart move. If you’re one of the millions of Prime members who shop regularly Amazon (Nasdaq: AMZN)you already understand why it’s such a great job. It has used its wide selection, competitive prices and fast shipping to capture share of the $6 trillion global e-commerce market, which has translated into wealth-building returns for shareholders over the past 20 years. The size of this opportunity suggests that Amazon can grow for a long time.
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It’s certainly not too late to start investing in Amazon. The stock has more than doubled in value over the past five years and continues to reach new highs as the company works to improve its profitability and expand its cloud services business. In the third quarter, Amazon said its net sales increased by 11% compared to the same quarter last year, while lower costs helped increase net income by 55%.
Meanwhile, Amazon Cloud services Business continues to win new business from organizations migrating their data systems from on-premises servers to the cloud. Amazon Web Services (AWS) gives customers everything they need to take advantage of it Artificial Intelligence (AI) Technology, which helps companies improve operations and innovate faster for their customers. AI is one of the main reasons why AWS reported accelerating revenue growth this year and should continue to be a key driver of earnings per share, given that AWS generates most of Amazon’s profits.
Amazon stock could deliver double-digit annual returns for several more years. It continues to chase the growing e-commerce market, while the public cloud market is expected to reach $1.8 trillion by 2029, according to Statista.
year (NASDAQ:ROKU) It is another household name with over 85 million households using the streaming platform. The stock has been expensive heading into a tough year for the ad market in 2022, leading to weak financial results for Roku’s ad-driven connected TV platform. But those headwinds are behind them, and with shares trading at a discounted valuation, investors can buy shares at prices that may reduce the opportunity for long-term growth.
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