Why Axon Could Be the Best Stock to Buy in January

Stunning and camera ready, Axon Enterprise (NASDAQ: AXON) has been a portfolio game changer for long-term investors. The stock more than doubled last year and nearly quadrupled over the past three years, and it happens to be a 20-bagger since I bought in several years ago.That said, hot stocks cool off, making Axon perhaps a puzzling choice as a top stock to buy this month. The maker of namesake wearable body cameras and Taser stun guns -- as well as the operator of Evidence.com, the cloud-based service that stores the recorded footage -- saw its shares soar 130% in 2024. Thankfully, history and Axon's strong momentum favor the bulls.It's been four years since I singled out Axon as a stock to buy in January 2021. It was a similar backdrop at the time. Axon was a market leader the year before, soaring 67% in 2020. It more than quadrupled the S&P 500's (SNPINDEX: ^GSPC) 16% gain in that wild pandemic-saddled year. It didn't take a breather in January, soaring 33% in that month alone.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool