No matter the size of your portfolio, just a handful of growth stocks could make you a fortune even if the other stocks you hold end up losers. The reason is simple: Growth stocks represent businesses that can consistently trump their industry averages in terms of top- and bottom-line growth. Investors love such companies and don’t shy away from paying a premium to own stocks that could make them filthy rich.
The trick, though, is to identify companies with surefire growth prospects — like the three following stocks, each of which is riding a megatrend that should only increase.
I’ve often recommended NextEra Energy (NYSE: NEE) as a great dividend growth stock, but that’s only because the company has tremendous growth prospects in a disruptive industry.