10 Large Cap Stocks Up 1,000% to 4,000% Over the Last Decade
As 2019 comes to a close, a new decade will be upon us. The incredible bull market will also be in its eleventh year since the v-bottom marked in March of 2009. And with each new decade comes an opportunity to review the best and the worst in many categories to see what has been working and what may continue to work ahead. Speculative investors love the “ten bagger” term, which is an investment that rises tenfold or 1,000%.
24/7 Wall St. has identified ten stocks that have risen 1,000% or more since the last trading day of 2009. These are of course unofficial “decade” gains at this point because the year still has more than three weeks to continue. That said, any ten bagger would have to fall handily to not be considered as an outstanding return at this point. The S&P 500 has risen roughly 370% from its plunge-depth lows of 666 in March of 2009 – but since the last day of 2009 the S&P 500 is up about 200%.
It’s important to realize that putting together a full list of ten baggers over any decade might be hard to do. After all, there are recurring dividends, there are special dividends, there are reinvestment rates to consider, what the reinvestment actually went back into, stock splits, game-changing mergers and spin-offs. There are also some companies which end up getting acquired along the way which would have otherwise made a list of such strong performers.
We have compiled 10 of the so-called ten baggers and then some, along with some runner-ups, since the last trading day of 2009 for your review. Some of these companies have seen gains of as much as 4,000%. Shockingly, the list of top gainers among the mostly $10 billion and higher stocks is not just loaded up with internet, tech or biotech as most would have assumed.
These prices have been adjusted for splits and dividends, if applicable. These percentages have also been rounded out for simplicity, but we have included the last day’s trading price of 2009 on a split and dividend adjusted basis. We have also screened out the companies with less than $5 billion in market cap but most are worth well over $10 billion.
Netflix, Inc. (NASDAQ: NFLX) – Up 3,800%
Netflix most recently closed at $307.35. It has not been in a merger that clouded its performance or share price and of course pays no dividend as it keeps spending billions on its own shows and movies. Its most recent closing price was $307.35 — and imagine the return if it was at its peak of $385.99 before Disney decided to go it alone in streaming. Its price on December 31, 2009 was $7.87, but its gains would have been more than 4,000% had this been calculated earlier this year.
MarketAxess Holdings Inc. (NASDAQ: MKTX) – Up 3,000%
MarketAxess may still not be a household name with every American, but the firm allows for electronic trading for corporate and other bonds and fixed-income products to come buy and sell mostly at the institutional level. It is now worth over $14 billion and most recently closed at $375.90 (down from a high of $421.45) — versus $12.48 on a dividend-adjusted basis on the last day of 2009.
Abiomed, Inc. (NASDAQ: ABMD) – Up Almost 2,100%
This medical device company has won from its heart-failure pumping functions outfit loved the last decade, and its market cap is now over $8.5 billion. More recently, its value was much higher. At $189.22 most recently, that is down from a 52-week high of $364.31 and it down even more from a $450 or so peak in the middle of 2018. Its price on December 31, 2009 was $8.73.
TransDigm Group Inc. (NYSE: TDG) – Up over 2,000%
The Cleveland-based company designs and makes aircraft components and it now has a $31 billion market cap. Most recently at $570.11, it was not even 2% under its 52-week high but is up from $25.94 on December 31, 2009 after reflecting multiple special dividend payouts.
United Rentals, Inc. (NYSE: URI) – Up 1,500%
United Rentals has made some strategic acquisitions to help it grow in the U.S. and elsewhere, but the business fundamentally remains the same even if it has been expanded with buyouts. It leads in equipment rentals of multiple manufacturers for heavy industry, infrastructure and other construction efforts. It’s share price was $9.81 at the end of 2009, versus $157.26 with a $11.8 billion market now. Its shares recently hit a 52-week high of $159.39 but it peaked above $180 at the start of 2018.
Align Technology, Inc. (NASDAQ: ALGN) – Up Over 1,400%
Align Technology is now worth almost $22 billion and has Invisalign and other dental/aesthetic offerings to tank for its success. At $275.72, it is down from a 52-week high of $334.64 and its all-time high in 2018 was almost $400.00. It closed out 2009 at $17.82.
Source: Read Full Article