2 Growth Stocks That Could Double Again
Past performance isn't a guarantee of future returns in the stock market, but it is a good indicator. Winners tend to keep on winning in the stock market, after all, and outperformance isn't usually an accident. It comes from having a set of competitive advantages that give a company pricing power and allow for strong growth, as well as a skilled management team and a product that customers want.
In the retail sector, two stocks with long histories of outperformance are Tractor Supply (NASDAQ: TSCO) and RH (NYSE: RH), the high-end home furnishings purveyor formerly known as Restoration Hardware. Here's why these two stocks could double in price once again.
1. Tractor Supply: Dominating a unique retail niche
Tractor Supply may not be a household name on Wall Street because its 2,000 or so stores cater to a rural lifestyle. The chain sells everything from chicken feed to ATVs to fencing. It also operates the pet store chain PetSense. While the company competes in some ways against larger retailers like Home Depot and Walmart, it faces little direct competition in its specific niche, and its scale gives it an advantage over independent stores.
Continue read on nasdaq.com