Many basketball players are driven by the desire to win, not just to dribble. Similarly, most investors are motivated by the goal of making money, not just by their fondness for a company’s products.
Investing in companies with strong underlying businesses and exceptional growth prospects can significantly increase your wealth. Here are three unstoppable growth stocks that have the potential to make you wealthier in 2024.
1. Amazon
If you had owned Amazon (NASDAQ: AMZN) shares in 2023, you would have seen substantial gains, with the stock soaring by nearly 81%. The impressive momentum of Amazon is expected to continue this year.
One of the key factors behind Amazon’s remarkable performance last year was its improving profitability, with earnings skyrocketing by more than 240% year over year in the third quarter. This was largely due to Amazon’s efforts to streamline its operations and boost profits, which are anticipated to continue yielding positive results in the upcoming quarters.
The surge in interest in…
2024-01-20 12:50:00
Original from finance.yahoo.com