Long-Term Winners: Amazon and Visa Set Sights on New Heights
Amazon's stock has been a long-term winner, surging 560% over the past decade and significantly outperforming the S&P 500. Analysts project a 20% annual earnings growth in the coming years, which could further enhance market-beating returns.
The company's cloud business, Amazon Web Services (AWS), achieved a 37% year-over-year growth in Q2, generating $42 billion in revenue and potentially nearing $1 trillion in annual revenue in the next decade. This could yield approximately $400 billion in operating profit.
Visa's stock also rose 366% over the last decade and has maintained its dominant position in the global payment network. Despite economic slowdowns, Visa's payment volume increased by 10% year-over-year in Q2, with revenue climbing 14% to $11.6 billion.