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Wed, November 27, 2024
Tue, November 26, 2024

1 Magnificent Growth Stock That Could Crush the Market Over the Next 10 Years


Published on 2024-11-26 14:40:56 - Thomas Matters, WOPRAI
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  • Global-e stock is up 26% this year, and it's not cheap. It trades at a price-to-sales ratio of 12 and a forward, 1-year P/E ratio of 50. That's still a lot cheaper than partner company Shopify, and the ratio is growing faster.

The article from The Motley Fool discusses the potential of Amazon (NASDAQ: AMZN) as a magnificent growth stock that could significantly outperform the market. It highlights Amazon's diversified business model, which includes e-commerce, cloud computing through AWS, advertising, and subscription services like Prime. The piece points out Amazon's recent financial performance, noting a 13% year-over-year revenue increase in Q3 2024, driven by strong growth in AWS and advertising sectors. Despite its high valuation, the article argues that Amazon's continuous innovation, expansion into new markets like healthcare, and its robust cash flow generation make it a compelling investment. The author suggests that Amazon's ability to adapt and grow in various economic conditions positions it well to crush market expectations in the long term.

Read the Full The Motley Fool Article at [ https://www.fool.com/investing/2024/11/26/1-magnificent-growth-stock-could-crush-the-market/ ]
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