In the past five years, the S&P 500 has returned 89%. Meanwhile, these five companies have returned an average of 4,720% in the same time, outperforming the index by more than 50X. Beating the S&P 500’s performance is no easy task, but these five companies have managed to do so, above and beyond.
Of course, past performance does not indicate or influence future performance. Stocks are valued based on expected future performance. In fact, asset management firms are required by the U.S. Securities and Exchange Commission (SEC) to let clients know that historical returns are not correlated with future returns when bringing up historical returns.
However, impressive historical returns do tell investors a few things. For starters, it indicates that a company’s management has a history of executing well in favor of its shareholders. Whether that be in the form of innovative products, buybacks or a profitable business model, historical returns are evidence of a company’s past actions.
With that said, let’s take a look at five stocks to buy with 1,000% returns in the past five years.
The post 5 Stocks to Buy That Are Up 1,000% in the Last 5 Years originally appeared at InvestorPlace.