From Nasdaq: 2024-05-04 04:48:00

Investing in growth stocks is a smart long-term strategy to build wealth. Choosing companies with dominant market share and sustainable growth potential can lead to a comfortable retirement. Technology and consumer goods sectors are ripe for growth. Alphabet, parent company of Google and YouTube, is a strong performer with revenue rising to $80.5 billion in Q1 2024. Tractor Supply Company, the largest rural lifestyle retailer, saw sales increase to $14.6 billion in 2023. Meta Platforms, owner of Facebook and Instagram, reported impressive revenue growth to $134.9 billion in 2023 and continued success in Q1 2024 with revenue up to $36.4 billion. Investments in AI and expansion plans are boosting these companies’ prospects for future growth.



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