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The 10 Best Stocks to Buy for the Next Decade

You can put these stocks in a drawer and not look at them again for the next 10 years

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Stocks to Buy for the Next Decade: Five Below (FIVE)

Teen discount clothing chain Five Below Inc (NASDAQ:FIVE) saw same-store sales increase by 2% in fiscal 2016. That might not seem like a lot, but when you have retailers going out of business left and right, Jim Cramer is right to rave about this stock.

In today’s retail, you either want to be in the discount or luxury businesses … but not in the deadly middle.

Five Below has a plan to grow revenues and earnings by 20% every year until 2020 and beyond. In 2016, revenues and earnings grew 20.2% and 24.5%, respectively, to $1 billion and $71.8 million respectively.

In 2017, FIVE expects to open 100 new stores, bringing the total across the country to more than 600. Five Below sees 2,000 stores open in the U.S. at some point in the future. While it seems like an ambitious goal given how many stores are closing these days, Five Below has a very talented management team led by CEO Joel Anderson, whose previous job was CEO of Walmart.com.

At prices $5 or below, Five Below delivers a concept that’s unique to teen and pre-teen customers. And it should deliver plenty of returns over the next 10 years.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/04/the-10-best-stocks-to-buy-for-the-next-decade/.

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