If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,500 Today

L3Harris Technologies LHX has outperformed the market over the past 10 years by 8.05% on an annualized basis producing an average annual return of 18.5%. Currently, L3Harris Technologies has a market capitalization of $47.83 billion.

Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 10 years ago, it would be worth $5,460.68 today based on a price of $249.96 for LHX at the time of writing.

L3Harris Technologies's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.