“The 10-year return on Apple is right around 5,000 percent.
That feeling you’re getting in your gut is regret.
You can’t take a time machine back to the ’90s and buy Apple. But, you can invest in the stock that could become the next Apple.
“We have compiled a list of 15 ideas for companies that our analysts view as having secular growth opportunities, a strong market position, and attractive valuation, which make these equities attractive to own as the potential next ‘Apple,'” wrote JP Morgan’s Tom Lee in a recent note to clients.
“We compiled the quantitative and qualitative characteristics of AAPL. Among them are: (i) products that inspire a following; (ii) reputational excellence; (iii) lifestyle products that focus on what one can do with their services/products; (iv) culture of success; and (v) prodigious growth offset by (vi) attractive valuations and (vii) ability to return capital.”
From Lee’s lengthy report, we pulled the key characteristics that make each of the 15 following companies something like Apple.
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