20 High Growth Mega Cap Stocks You Can Buy And Hold For Next 5 Years

13. Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. provides subscription & advertising services as well as in-store sale of consumer products through physical and digital stores. It operates in Amazon Web Services (AWS), International, and North America segments. AMZN also develops media content and manufactures and sells electronic devices. The company has grown its revenue by 18.31% over the last 5 years.

Few would doubt Jeff Bezos’ ability to bring in growth. Anyone who has backed the billionaire’s firm in the past has reaped great rewards and with the recent dip, investors have another chance to accumulate the company’s shares. The company’s retail business is making headlines as it just passed the largest retailer Walmart in terms of quarterly sales. The Q4 revenue for Amazon stood at $187.79 billion while Walmart was in second place with $180.55 billion. This was the first time a company beat Walmart in quarterly revenue since 2012!

In the fourth quarter, Amazon expanded its same-day delivery locations by 60%, now spanning across more than 140 metro areas. For the second year in a row, the company was able to lower per-unit costs thanks to automation and inventory optimization. These cost reductions help the company maintain long-term profitability though there are challenges in scaling this automation(an aspect that could significantly improve with the fast-paced developments in AI and robotics).