Best long-term stocks to invest in: 30-year market winners
Over the past three decades, certain stocks have demonstrated exceptional performance, yielding substantial returns for investors. An analysis by U.S. News & World Report highlights the top 10 best-performing stocks from August 1994 to July 2024.
These companies have not only delivered impressive total returns but have also significantly multiplied initial investments.
Below is an overview of these standout stocks:
Nvidia Corp. (NVDA)
Total Return: 322,185%
Growth of $10,000
Investment: $32,228,453
Nvidia, a leading producer of high-end chips for personal computers, smartphones, and artificial intelligence applications, went public in January 1999. The company's innovations in AI, cloud computing, and autonomous vehicles have driven its substantial growth.
Amazon.com Inc. (AMZN)
Total Return: 249,208%
Growth of $10,000
Investment: $24,930,785
Since its IPO in May 1997, Amazon has transformed from an online bookstore to a global e-commerce and cloud services powerhouse. Its continuous innovation and expansion into various sectors have contributed to its remarkable stock performance.
Monster Beverage Corp. (MNST)
Total Return: 164,539%
Growth of $10,000
Investment: $16,463,861
Debuting in August 1995, Monster Beverage has become a dominant player in the energy drink market. A strategic partnership with Coca-Cola in 2015, where Coca-Cola acquired a 16.7% stake, bolstered its global distribution and growth.
NVR Inc. (NVR)
Total Return: 140,431%
Growth of $10,000
Investment: $14,053,114
As one of the largest U.S. homebuilders, NVR has benefited from the housing market's evolution. Since its November 1993 IPO, the company's focus on constructing and selling various residential properties has driven its impressive returns.
Apple Inc. (AAPL)
Total Return: 88,807%
Growth of $10,000
Investment: $8,890,734
Apple's consistent innovation in consumer electronics, software, and services has solidified its position as a tech industry leader. Its recent transition to services revenue showcases its adaptability and commitment to growth.
Netflix Inc. (NFLX)
Total Return: 58,273%
Growth of $10,000
Investment: $5,837,319
From its May 2002 IPO, Netflix has revolutionized the entertainment industry by transitioning from DVD rentals to a leading streaming platform with over 278 million paid memberships worldwide.
Pool Corp. (POOL)
Total Return: 56,328%
Growth of $10,000
Investment: $5,642,835
Pool Corp., the world's largest wholesale distributor of swimming pool supplies and equipment, has seen substantial growth since its 1993 IPO, capitalizing on the increasing demand for outdoor living products.
Axon Enterprise Inc. (AXON)
Total Return: 56,082%
Growth of $10,000
Investment: $5,618,189
Formerly known as TASER International, Axon Enterprise specializes in law enforcement hardware and technology solutions. Since its 2001 IPO, the company's focus on body-worn cameras and cloud-based software services has driven its impressive performance.
Biogen Inc. (BIIB)
Total Return: 50,397%
Growth of $10,000
Investment: $5,049,745
Biogen, a global biopharmaceutical company, has focused on developing therapies for neurological and neurodegenerative diseases. Its consistent innovation and product development have contributed to its long-term success since its September 1991 IPO.
Altria Group Inc. (MO)
Total Return: 49,365%
Growth of $10,000
Investment: $4,946,468
Despite facing regulatory challenges, Altria has maintained a strong performance over the past 30 years. Its focus on the tobacco industry and substantial dividend payouts have attracted long-term investors.
