A company that’s always a good investment is Amazon. Amazon is the world’s largest online retailer and has been profitable for the last two decades.
What are some of the most profitable stocks an investor can invest in?
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We can also invest in some of the most profitable stocks in the market, such as Apple. Apple has been around for over 35 years and has never lost money on a single trading day. Ten years ago, a single share of Apple was selling for about $100.
Today, however, the same claim will cost you over $1,000. Undoubtedly, Apple is a hot stock in today’s market. Not only has its stock increased in value exponentially during this period, but its overall performance during the past ten years has been impressive:
Apple’s stock price has increased by more than 10,000%. Apple is not only a hot stock of the present day; its past performance has been awe-inspiring. From its initial public offering in 1980 to December 31, 2011, the company’s share price increased by an astonishing 9,821%.
If a 10% growth rate can be expected of Apple going forward and its shares are currently trading at $702.50 per share, it would mean an increase of more than 756% over the next decade.
Placing a $1,000 investment in Apple at the start of 2011 would have turned into $9,821 by the end of 2017. The stock has also been on a tremendous run, up 8% for the day as of this writing.