Source: Shutterstock

Amazon (NASDAQ:AMZN) has been one of the most impressive stocks in history. And the company’s returns have come from two key factors.

First, as a business, Amazon has vastly expanded its reach. Second, as a stock, Amazon has managed the feat of keeping a growth valuation for over two decades.

It’s an impressive combination. It’s one that’s likely impossible to duplicate in full. But these hot stocks have the potential to replicate at least parts of the Amazon formula and could become “the next Amazon.”