3 Stocks That Could Be Worth $1 Trillion in a Decade
As of this writing, Apple is the world's most valuable public stock with a market capitalization of $1.60 trillion -- part of the "trillion-dollar club" that includes Microsoft, Amazon, and Google parent Alphabet. For all four stocks, it's been a wildly profitable ride, but it wasn't always smooth sailing. Since the iPod was released in 2003, and more importantly the iPhone four years later, I've lost count of how many times I've heard the argument that Apple's run is over.
It underscores the power of business momentum when a company is riding a secular growth trend and able to create an enduring customer base. And the club serves as proof that even large companies can continue to grow at a rapid pace. In the next decade, I believe the word "trillion" will be increasingly commonplace. Three of my "forever" large cap stocks that I think could join the ranks of 13-digit valuations are salesforce.com (NYSE: CRM), PayPal (NASDAQ: PYPL), and NVIDIA (NASDAQ: NVDA).
Salesforce's name still implies that its bread and butter is software for sales and relationship management, but the reality is that the company is so much more. Sure, the "Sales" and "Service" cloud-computing segments made up just over half of revenue in the last reported quarter and continued to grow at double-digit percentage rates, but the "Marketing" and "Platform" segments (the latter comprised of data integration and visualization services) were growing even faster. In total, Salesforce has turned itself into a business software juggernaut, one specifically focused on helping its customers undergo much-needed digital transformation for a new era of operations.
Source Fool.com
