CELH - This Magnificent Growth Stock Has Skyrocketed Nearly 6000% in the Past 5 Years: Here's Why I'm Not Buying It.
2024-03-29 07:10:00 ET
If you're someone who likes to pick individual stocks, your hope -- no doubt -- is for those companies to outperform a broad index. That's a difficult task with the Nasdaq Composite up 124%, including dividends, since March 2019.
However, some businesses have been able to absolutely trounce the index. Look no further than Celsius (NASDAQ: CELH) as proof. The purveyor of functional energy drinks has seen its shares skyrocket 5,870% in just the last five years. This means a $1,000 investment back then would be worth almost $60,000 today.
This beverage stock continues to soar in 2024, benefiting from tremendous momentum. But I'm still not buying it. Here's why.
For further details see:
This Magnificent Growth Stock Has Skyrocketed Nearly 6,000% in the Past 5 Years: Here's Why I'm Not Buying It.