Hitch your ride to a high-growth stock and your family’s financial situation can change — for the better — for generations to come. But what, exactly, does it mean to be a “high-growth stock”?
For the purposes of this article, it has nothing to do with share price appreciation, and everything to do with the performance of the underlying companies. And when it comes to companies that are winning over customers in droves, few are doing a better job than e-commerce platform Shopify (NYSE:SHOP), digital payment specialist Square (NYSE:SQ), or food delivery guru GrubHub (NYSE:GRUB).
As you can see, all three have demonstrated remarkable growth rates over not just the past quarter, but the past three years as well.
|Company||Q2 2018 Sales Growth||3-Year Sales Growth (CAGR)|
Unsurprisingly, when the underlying companies put up numbers like this, their stocks respond in kind. That’s why a basket of these three stocks would have almost quadrupled over the last two years alone.
Here’s how each got there, and where they stand today…
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