10 Stocks Up 10X in 10 Years

tdp2664
InvestorPlace
Osama Bin Laden’s death comes nearly 10 years after the al Qaeda leader launched the horrific attacks of 9/11. In the wake of that dreaded day, many market observers thought the U.S. equity market would be hobbled for years to come. Well, that didn't happen, and much of the reason why is due to the incredible resolve inherent in the American spirit — and in the capital markets that this spirit exemplifies. In fact, while many stocks have held strong or seen measured gains, some have seen tremendous profits over the last decade. I put a short list together of some of the best performing stocks over the past decade — and here are 10 of my top picks. This list is by no means exclusive; a Bloomberg screen of stocks up more than 10 times over the past 10 years revealed over 130 names. I chose to focus on companies that are widely held, well-known corporate names that can be found in many portfolios. Here are 10 familiar stocks up more than 10 times over the past 10 years. Amazon.com (NASDAQ: AMZN ). The paradigm for online retailing over the past decade has unquestionably been Amazon. The company practically started the idea with books, but now it sells just about anything you can imagine. The company was an easy sell with investors, who sent the stock surging 1,075% during the past 10 years. Priceline.com (NASDAQ: PCLN ). The online travel industry really took off after the Great Recession, as über-cost conscious consumers and businesses adopted travel sites en masse. Yet even before the very widespread use by consumers and industry, investors booked big gains with Priceline.com shares to the tune of 1,231% over the past 10 years. Cummins Inc. (NYSE: CMI ). The diesel engine maker really powered up its shares over the last 10 years, and if you've ever ridden in a Cummins-powered vehicle, you'll understand why. The company makes some of the best products in the industry, and investors rewarded that quality by bidding up the stock big time. CMI shares drove to a 1,273% return over the past decade. Urban Outfitters (NASDAQ: URBN ). The eclectic fashion retailer hit the mark among teens and college students over the past decade, offering stylish clothes for everyday life. The stock also hit the mark over the past decade with investors, with URBN shares serving up a stylish 1,845% return.