Ask any investor, and they will tell you how they absolutely love the growth stocks. After all, growth stocks are where most of the money is made in the stock markets.
Growth stocks are from those companies that grow at a fast but steady rate. Buying these stocks allows investors to generate massive returns over the long run.
The first stock in our list is Visa (V), which doesn't need any introduction. It is a major payment processing company with only a handful of competitors around the world.
They connect the merchants, consumers, financial firms, and governments through their services. The Visa is at the center of facilitating digital transactions, allowing them to earn money via fees.
The transactions handled by Visa are worth trillions of dollars. Also, the company handled 315 billion transactions during a period of 12 months.
During the last 10 years, the cash flows and the net income of the firm have also almost tripled. During that time, the stock price of Visa also quintupled.
Amazon (AMZN) has proved itself as one of the best growth stocks of the decade. The firm started as an online bookstore only to become the world's top ecommerce company.
But, the most impressive business of Amazon is the AWS (Amazon Web Services). Amazon has managed to become the largest cloud computing service provider in the world.
As of now, AWS controls 29% of the market share, which makes it leagues ahead of Microsoft, which has a market share of 22%.
Many people think that ecommerce is the most profitable business of Amazon. But in reality, 14% of the net sales came from AWS. In addition, Amazon's 54% of the operating income was from AWS.
This means Amazon is now a global leader in both cloud computing and ecommerce. With such a strong positioning, there's no doubt that Amazon is one of the best growth stocks to watch and buy.