In Addition To Their Decade-Long Gains, These 3 Stocks Are Expected To Remain Strong

Based on data from the Securities and Exchange Commission, only three stocks are in the green this year, and they have had positive returns every year for the past decade.

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There are only three stocks listed in the MSCI World Index that have achieved this feat, and they are the insurance company Progressive Corp and aerospace manufacturing company TransDigm Group, both U.S. listed companies, along with Canadian convenience store operator Alimentation Couche-Tard, which is a publicly held company in Canada.

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As one of the largest holdings in the largest ETF that has shown gains every year for the past decade, the Canadian stock is also the largest holding.

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In an attempt to find stocks with positive annual returns from Jan. 1, 2013, until Mar. 1, 2023, Trade Algo examined the MSCI World index of more than 1,500 stocks across 23 developed countries.

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Progressive Corp (Ticker PGR)

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Progressive Insurance Company is an insurance company that specializes in auto and home insurance policies, with customers in all fifty states of the United States, as well as Australia.

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As per Trade Algo data, the stock of the company has delivered 824% in total returns since 2013, compared to a 237% increase in the S&P 500 over the same period of time. There has been a compound annual growth rate (CAGR) of 24% in the industry over the past decade, compared with a CAGR of 12.7% for the U.S. market.

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Analyst price targets compiled by Trade Algopredict a further 3.3% rise for the stock over the next year.

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“The shares of Progressive Corporation are not 'cheap' at present levels, but we believe that the potential for growth will keep the shares moving higher as time progresses,” wrote Roth MKM analyst Harry Fong in a note to clients on Feb 13, 2012.

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Alimentation Couche-Tard (Ticker ATD)

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As one of North America's largest convenience store operators, Alimentation Couche-Tard operates a wide variety of convenience stores in Canada, the United States, and Europe, including Circle K and Mac's Convenience Stores.

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Over the past decade, ATD has posted an overall return of 725% and a compound annual growth rate of 23%. This year alone, the stock has risen by 5.7%, and analysts predict that over the next 12 months, it will rise by another 8.4% as well.

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Earlier this week, the Toronto-listed consumer staples company announced another expansion into the United States with the acquisition of Big Red Stores, a chain of supermarkets in southern America.

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TransDigm Group (Ticker TDG)

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The TransDigm Company manufactures aerospace parts for commercial airlines like Boeing & Airbus, as well as military aircraft manufacturers such as Lockheed Martin & General Dynamics.

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In addition to the share price rise this year, TDG shares have risen nearly 900% over the past decade, which represents a cumulative compound annual growth rate of 25.4%.

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Even after the Covid-19 restrictions were implemented in 2020, shares in the company still managed to remain in the black despite the impact of those restrictions, although the stock experienced significant volatility during that period.

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As a result of the median average analyst price target compiled by Trade Algo, TransDigm is expected to increase 7.5% over the next 12 months, according to a recent Trade Algo report.