Motley Fool
Up 181,000%, Can This Hypergrowth Stock 50x Your Portfolio?
It’s been a dozen years since the end of the Great Recession in 2008 and 2009, and one class of stocks on Wall Street has led an inexorable climb higher: growth stocks. Federal Reserve policies around quantitative easing and keeping lending rates artificially low, coupled with massive government spending programs, have created an easy-money environment that’s helped fuel the growth of fast-paced businesses. Since going public on May 15, 1997, at $18 per share, or a split-adjusted price of $1.50 per share, Amazon (NASDAQ: AMZN) has been an e-commerce juggernaut, returning over 181,700%.
