A strong business franchise with a long track record is a desirable business.
And the prospects get even better as the world’s economy recovers this year.
Investors, however, should continue to keep a watchful eye.
The key is to ensure that growth does indeed continue and that these businesses do not lose the “spark” that made them stand out from the competition.
Here is a sampling of four sizzling growth stocks that you can consider adding to your investment watchlist.
Monster Beverage (NASDAQ: MNST)
Monster Beverage manufactures and markets energy drinks under its signature brand Monster as well as brands such as Full Throttle, Samurai and Gladiator.
The company’s products continued to enjoy strong demand as fiscal 2021’s second quarter (2Q2021) saw record net sales of US$1.46 billion, up 33.6% year on year.
Operating profit increased by 29.1% year on year to US$526 million while net profit jumped by nearly 30% year on year to US$403.8 million....