These 3 Growth Stocks Can Outperform Through AI Tailwinds and Everyday Consumer Strength
These top tech stocks offer above-average earnings growth prospects at a reasonable price.
Overview
Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) still have the two ingredients that can deliver solid returns for long-term investors: AI leadership and massive consumer reach. This provides them with multiple ways to grow revenue and compound earnings.
The S&P 500 has historically averaged about 10% annual earnings growth, according to FactSet. Here's why these "Magnificent Seven" companies can grow earnings faster than that, potentially leading to market-beating returns for shareholders.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.