The Zacks Analyst Blog Highlights: NVIDIA, Fortinet, Charter And O'Reilly Automotive
Zacks Investment Research | Dec 16, 2019 10:09PM ET
For Immediate Release
Chicago, IL –December 17, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. (NASDAQ:NVDA) , Fortinet, Inc. (NASDAQ:FTNT) , Charter Communications, Inc. (NASDAQ:CHTR) and O'Reilly Automotive, Inc. (NASDAQ:ORLY) .
Here are highlights from Monday’s Analyst Blog:
As 2020 Draws Closer, Here Are the Best Stocks of the Past Decade
As 2019 is drawing to a close, it’s time to take a look at the best-performing stocks of the past decade, and not just end-of-the-year winners.
The Dow and the S&P 500, in particular, have returned 165% and 244% since the end of 2009. Compounded annually, these figures would be 10.2% for the Dow and 13.2% for the S&P 500 at the end of 2019. Thus, the average growth for the S&P 500 in the last decade is much better compared with the 10% average of the past 100 years.
Having said that, the entire decade hasn’t been smooth, especially the year 2018. Investors were expecting the stock market to crumble on worries about an imminent recession. But fortunately, that isn’t the case. The U.S. economy is growing at a steady pace, with third-quarter GDP of this year expanding 2.1% and November jobs data remaining healthy. After all, hourly wages continued to increase at a faster rate, indicating a growing economy and the lowest unemployment level in 50 years.
Nonetheless, among individual stocks, Netflix (NASDAQ:NFLX) has gained the most in the past decade with a whopping return of 3,767%, which translates into a CAGR of 44.1%. Netflix’s partnership with Telefonica (MC:TEF), KDDI, AT&T (NYSE:T), Comcast (NASDAQ:CMCSA), DISH, Verizon (NYSE:VZ), Charter, Altice, T-Mobile and Sky is certainly doing good for its streaming platform. The company’s subscriber base has been boosted by its content strength and focus on originals across various genres.
Other major behemoths, including Amazon.com (NASDAQ:AMZN) and Apple (NASDAQ:AAPL), have also been among the top performers. Amazon saw its shares gain a spectacular 1,209%, while Apple’s shares climbed 899%.
Amazon, particularly, has gained from solid Prime momentum owing to robust grocery services and strong content portfolio. Strengthening its AWS services, improving Alexa skills and expanding smart home products are some of the other major tailwinds. And when it comes to Apple, the company has benefitted from its services segment and improved iPhone sales, owing to the trade-in programs.
Favorite Stocks of the Past Decade
We have thus picked stocks that have not only been among the best performers of the past decade but also flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy) now.
NVIDIA Corp.operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The current limited trade agreement between Washington and Beijing bodes well for NVIDIA, as the Zacks Rank #2 company has significant exposure in China.
Over the past decade, NVIDIA has surged 1,231.7%, higher than the Original post
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