- We’ve put together a list of the 10 best-performing stocks in the S&P 500 this century.
- Some household names including Apple, Netflix, and Mastercard made the cut.
- The best performer was Monster Beverage with a return of more than 70,000%.
- Watch Ross Stores, Apple,Mastercard,Idexx Laboratories, Ansys,Intuitive Surgical, Equinix,Tractor Supply, Netflix, and Monster Beverage trade live.
Stocks can soar and plunge on a daily basis, but over time, the companies that consistently and responsibly grow their operations and show clear signs of progress tend to be rewarded by investors.
The 10 best-performing stocks in the S&P 500 index since 2000 are listed below, starting with number 10.
10. Ross Stores
Ross Stores is the largest off-price retailer in the US, offering discounts of 20% to 60% on name-brand apparel, footwear, and other items compared to department and specialty stores. The company opened its first Ross Dress for Less in 1982 and now runs more than 1,700 stores across 38 states, the District of Columbia, and Guam.
Apple is one of the most valuable companies in the world with a market capitalisation of more than $US800 billion. Its founders, Steve Jobs and Steve Wozniak, together with current CEO Tim Cook, have revolutionised computing, communication, entertainment and other industries with products such as the iPod, iPad, iPhone, and Macintosh, and services such as the App Store, Apple Pay, and iTunes.
The tech titan sold close to 218 million iPhones last fiscal year. It has grown its net sales from just under $US8 billion in the year to September 2000 to $US266 billion last fiscal year, and net income from $US786 million to $US59.5 billion over the same period.
Mastercard, founded in 1966, is one of the world’s largest payment-services companies. It issues credit and debit cards under the Mastercard, Maestro, and Cirrus brands. It has more than 800 million cards in circulation, and recorded $US5.9 trillion in gross dollar volumes in 2018, according to its annual report.
The group has grown its revenue from about $US1.4 billion in 2000 to $US15 billion last year, and its net income from $US118 million to $US5.9 billion over the same period.
7. Idexx Laboratories
Idexx Laboratories provides veterinary diagnostics, practice-management software, and biological testing in more than 175 countries. Its products and services are used to treat small pets, livestock, and poultry, to test water quality and dairy products, and to analyse human patients’ electrolytes and blood gases.
Ansys provides engineering-simulation software and services to customers including General Electric, Samsung, Ford, and Philips. Its offerings are used by engineers, designers, researchers, and students across industries including aerospace and defence, automotive, energy, consumer products, healthcare, and sports.
Ansys has grown its revenues from about $US74 million in 2000 to $US1.3 billion in revenue last year, and net income from $US16 million to $US419 million over the same period.
5. Intuitive Surgical
Intuitive Surgical specialises in minimally invasive, robotic-assisted platforms, and services. More than 44,000 surgeons are trained to use its da Vinci surgical system, which has been deployed in more than 5 million procedures, including 1 million last year. The company has installed nearly 5,000 Da Vinci systems in hospitals worldwide, according to its latest annual report.
Intuitive has grown its sales from about $US27 million in 2000 to $US3.7 billion last year, and swung from a net loss of around $US19 million to $US1.1 billion in net income over the same period.
Equinix connects more than 9,800 companies to their customers and partners through its data centres and interconnection platform. Netflix, AT&T, Ford, and PayPal use its hub to access services such as cloud storage from Amazon, Google, and Microsoft.
Equinix has grown from revenues of $US13 million in 2000 to $US5.1 billion last year, and transformed a net loss of $US120 million into net income of $US365 million over the same period.
3. Tractor Supply
Tractor Supply is the largest retailer of farm-and-ranch supplies and equipment in America. Founded in 1938, it boasted 1,940 stores across 49 states at the end of 2018, according to its annual report. Livestock and pet products accounted for 47% of its net sales, while hardware, tools, and truck products made up 22%. Seasonal, gift, and toy products generated 19%, and clothing and footwear and agriculture products made up the balance.
Tractor Supply has grown its net sales more than tenfold in less than 20 years, from $US759 million in 2000 to to $US7.9 billion in 2018. It also boosted its net income from $US16 million to about $US532 million over the same period.
Netflix boasted more than 139 million subscribers in over 190 countries at the end of 2018. The on-demand video-streaming platform has drawn and kept subscribers by spending billions on the rights to TV series such as “Friends” and “The Office” and producing original shows such as “Stranger Things,” “The Crown,” and “13 Reasons Why.”
Netflix has grown its sales from about $US36 million in 2000 to $US15.8 billion last year, and swung from a net loss of $US57 million to net income of $US1.2 billion over the same period.
1. Monster Beverage
Monster Beverage has vastly outperformed all other S&P 500 stocks since 2000. It sells a range of drinks under brands such as Monster Energy, NOS, and Full Throttle. Its share price has surged from below $US0.10 in January 2003 to more than $US63, lifting its market value from less than $US1 million to almost $US35 billion.
The group has grown its net sales from about $US80 million in 2000 to $US3.8 billion in 2018, and net income from $US4 million to $US993 million over the same period.
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