GRMN - Prediction: This Stock Will Continue to Trounce the S&P 500...and Here's Why
2024-05-27 07:00:00 ET
The S&P 500 index may have just hit another record high, but there has been an even better place to put your investment dollars. Over the past five years, the total return from GPS navigation and wearable technology leader Garmin (NYSE: GRMN) has trounced that of the popular stock index. And there's good reason to think that record will continue.
The S&P 500 just breached the 5,300 level for the first time and closed at another new record this week. The index holding a widely encompassing array of company stocks has doubled in the last half decade, when including dividend payments. But Garmin shares have returned about 150% in that time. And a surge after its most recent quarterly earnings report could be the start of more to come.
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Prediction: This Stock Will Continue to Trounce the S&P 500...and Here's Why