There are always ups and downs when it comes to investing. The good times don’t last forever, but thankfully the same can be said about the bad times. It may take weeks, months, years, or even decades but the market will inevitably crash — and crash hard. It has always bounced back, but now might be a good time to make sure you’re stocking up on investments that can ride the storm out…
Adobe (NASDAQ: ADBE), Tractor Supply (NASDAQ: TSCO), and Apple (NASDAQ: AAPL) are three companies that have strong long-term growth catalysts. Let’s take a closer look to see why they are surefire growth stocks that will win over time.
If your knowledge of Adobe begins and ends with Photoshop and PDF files you’re not getting the whole story which has evolved from desktop publishing software into a full-blown digital documents juggernaut. From e-signatures to its Creative Cloud suite of cloud-based tools, Adobe is growing a lot faster than you think.
Adobe ended its streak of growing annual revenue by 20% or better at four years in fiscal 2020, but you can’t feel too bad about the 15% increase it posted last year in an enterprise-rattling pandemic. Adobe is also back on track, kicking off fiscal 2021 with its strongest top-line growth in more than three years.
Adobe scored record quarterly revenue of $3.9 billion for the three months ending March 5, a 26% year-over-year surge. The bottom line is faring even better, up 33% on a reported basis and soaring 38% on an adjusted basis. Adobe also boosted its guidance for all of fiscal 2021.
Its guidance for the current quarter suggests sequential dips on both ends of the income statement, but it’s actually better than analysts were expecting. Adobe has also beaten Wall Street targets with ease in at least the last five quarter, so it’s fair to say that its crystal ball is set in “conservative” mode.
One of the more intriguing pandemic trends has been the suburbanization movement. Folks are moving out of costly apartments in major cities, setting up camp in the suburbs or deeper into rural markets where land is plentiful and more affordable. This movement in turn has inspired the hobby farm or recreational farming trend, and that’s been a bountiful harvest for Tractor Supply.
The specialty retailer is a fast-growing provider of farming tools, pet feed, and other livestock supplies. Net sales zoomed faster than a crop duster, climbing 31% in its latest quarter. The concept is expanding, but the real driver here is a 27% surge in comps. The $1.64 a share it posted in earnings blew through the…
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