Amazon and Visa Set Sights on Long-Term Growth

Amazon and Visa are two high-quality stocks that have delivered exceptional growth over the past decade. Amazon's shares have returned an impressive 560% over the last 10 years, beating the S&P 500 by 309%. The company's cloud business, Amazon Web Services (AWS), has been a major driver of this growth, with revenue growing 37% year-over-year in the second quarter to $42 billion. AWS has a contracted backlog of $496 billion, and CEO Andy Jassy believes it could potentially reach $1 trillion in annual revenue.

Visa's payment network and value-added services give it a long runway for durable growth. The company operates like a tollbooth on global payments, earning an extraordinarily high profit margin of 50%. Despite uneven consumer spending pressures from inflation and gas prices, Visa's payment volume rose 10% year-over-year in the second quarter, while revenue climbed 14% to $11.6 billion.

Analysts expect both Amazon and Visa to continue growing earnings at double-digit rates over the next several years. With their strong track record of performance and durable growth prospects, these stocks can help investors build wealth over the long term.