As the larger e-commerce companies did before it, is helping the auto parts market shift from brick-and-mortar sales to e-commerce. has a market cap worth less than $1 billion currently, but is chasing an addressable market worth $500 billion. If you're looking for a stock that could triple in the next five years, the pure-play auto parts e-commerce stock could be it. That's one reason why investors should take a closer look at. Of the bunch, Amazon is the best known, but companies like MercadoLibre, Shopify, Etsy, and Wayfair have all made investors rich as online retail continues to grab share from tradition channels. Jeremy Bowman (): E-commerce has been the source of numerous monster stocks. Keep reading to see why ( NASDAQ:PRTS), CrowdStrike Holdings ( NASDAQ:CRWD), and Teladoc Health ( NYSE:TDOC) made the list. Building on that idea, we asked three Motley Fool contributors to pick tech stocks that could grow threefold over the next five years. It requires patience and a long-term mindset. However, the magic of compounding doesn't happen overnight. In other words, the baseline changes as the stock price rises, meaning you start earning money on your earnings.
For instance, $100 invested in a stock that doubles becomes $200 but at that point, the stock price only needs to rise 50% to add another $100 to the total sum. A few big winners can supercharge your portfolio and set you on a path to financial independence.
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In his free time, Trevor enjoys reading, traveling, stargazing, health, and fitness.įollow Einstein is widely credited for calling compound interest the most powerful force in the universe, and it's easy to see why. He grew up in Ohio and later moved to the Pacific coast. Trevor primarily covers tech and financials, with a particular interest in artificial intelligence, blockchain, and other innovative technologies.
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