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Do you have $3000? I have a good news for you. With enough time and the right supplies, you can make a sizeable nest out of this amount. For example, $3,000 invested in the S&P 500, which has historically returned an average of 9%, would turn $3,000 into $7,100 in ten years.
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However, if you found a stock that gained 20% annually, it would return almost $17,000 in ten years, more than five times the original investment. Only a select few stocks can provide such returns.
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Axon Enterprise (AXON 2.51%) and MercadoLibre (MELI 1.11%) have done it over the past decade and can do it again. This is why these two are great stocks to buy and hold.
You’ve probably heard of TASERs, but the company that makes them, Axon Enterprise, is much more than a TASER.
It makes body cameras and dashcams for law enforcement and a network of cloud-based software products for things like records and evidence management, making it easier for police departments and other agencies to share valuable data.
Strategic Analysis Of Buying And Selling Stocks With Long Term Growth, Business People Are Showing Virtual Holograms Of Stocks Growing On The Stock Market. 7997474 Stock Photo At Vecteezy
This combination of hardware and software provides Axon with a strong network of competitive advantages and market advantage. The stock has shown a 2,000% gain in its history over the past decade.
The latest third quarter earnings report shows why it was so successful. Axon now reported a 34% increase in revenue to $312 million in the third quarter, with all three of its business segments – TASER, software and sensors – posting impressive results of 19%, 51% and 51%, respectively. . The company also delivered strong economic growth, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) up 36% to $68 million.
Axon Cloud’s results were particularly strong, with revenue up 51% to $95 million and gross margin exceeding 80%, which should lead to future profitability. The cloud business also has high switching costs – once customers start using Axon’s software products, they are unlikely to switch. And the business also benefits from a recurring revenue stream; Axon has signed long contracts and has nearly $4 billion in backlog.
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In the last quarter, the lead saw a lot of interest from federal government agencies. He said sales were also brisk for the subscription-based premium officer safety plan, which costs $250 per officer per month and includes a TASER 7, cameras and software for using the footage.
At a time when most tech stocks are fluctuating, Axon is firing on all cylinders. It is a good bet if it continues to provide excess returns.
Another tech company offering a rare combination of high growth and earnings is MercadoLibre. Like Axon, MercadoLibre is a diversified company. The individual segments of the company complement each other and strengthen the entire business.
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In addition to its core e-commerce business, MercadoLibre also offers digital payments through Mercado Pago, remittance through Mercado Envios, lending through Mercado Credit, and even wealth management through Mercado Fondo.
As the e-commerce leader in Latin America, MercadoLibre has seen strong growth throughout its history, with shares jumping nearly 1,100% over the past decade. MercadoLibre also bucked the broader e-commerce trend as its currency-neutral revenue jumped 61% to $2.7 billion in the third quarter, while most U.S. peers saw little growth.
This performance was led by a 31% increase in gross merchandise turnover and a 77% jump in total payment volume. The growth in payments included a 122% increase in off-platform transactions, showing that mobile POS solutions are developing rapidly.
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Profits are growing along with business growth, with operating margin at 11% and gross margin jumping 670 basis points to 50.1% as e-commerce-friendly businesses achieve scale.
MercadoLibre fended off competition from Amazon and Sea Limited to become the e-commerce leader in Latin America; with a rapidly growing middle class in the region, it still has a long way to grow.
Despite fears of a global recession, the company appears to be well positioned to continue its long-term penetration of the Latin American market. Expect these e-commerce stocks to continue to outperform.
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John Mackey, CEO of Amazon subsidiary Whole Foods Market, is a board member of The Motley Fool. Jeremy Bowman holds positions at Amazon, Axon Enterprise, MercadoLibre and Sea Limited. Motley has positions and recommends positions in Amazon, Axon Enterprise, MercadoLibre and Sea Limited. Motley has a disclosure policy.
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James Royal By James RoyalArrow Right Senior Writer, Investments & Wealth Management Senior Writer James F. Royal, Ph.D., is an investment and wealth management professional. His work has been cited by CNBC, The Washington Post, The New York Times and others. Contact James Royal on Twitter Twitter Contact James Royal on LinkedIn Linkedin Contact James Royal Email James Royal
Edited by Brian Beers Edited by Brian BeersArrow Right Executive Editor Brian Beers is the Executive Editor of the Wealth team at the company. Oversees editorial coverage of banking, investments, economics and all things money. Connect with Brian Beers on Twitter Twitter Connect with Brian Beers on LinkedIn Linkedin Brian Beers
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Written by Malcolm Ethridge Reviewed by Malcolm EthridgeArrow Right Fiduciary Financial Advisor, CIC Wealth Management Malcolm Ethridge, CFP®, is an Executive Vice President and Fiduciary Financial Advisor at CIC Wealth Management based in Washington, D.C. located in the area. Malcolm Ethridge from our dashboard
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