Quality stocks often trounce the broader market. That's because their underlying businesses are growing year in and year out. This is typically from a combination of selling more goods or services at higher prices over time.
Compounding at 19% annually over the last 10 years, a $10,000 investment in the aftermarket auto parts retailer AutoZone (NYSE: AZO) would now be worth nearly $57,000. This is head and shoulders better than the 11.9% annual total return rate posted by the S&P 500 index during that time, parlaying a $10,000 investment into just shy of $31,000.
Past performance isn't a guarantee of future results. But the company's outperformance appears poised to continue , making the stock a buy for growth-focused investors. Here's why.
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Looking to Rev Up Your Portfolio's Returns? Buy This Growth Stock