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Asymmetric Investing: Stocks with 10x Potential

Asymmetric investing focuses on identifying stocks that possess the potential to yield tenfold returns over the next decade, while allowing investors to mitigate their risks. The core principle of this strategy is that the maximum loss one can incur from purchasing a stock equals the initial investment, whereas the potential upside can be limitless. A recent demonstration of this approach shows impressive results: the asymmetric portfolio achieved a 54.2% return this past year, surpassing the S&P 500, which only gained 31.8%.

With this successful strategy in mind, let's explore ten promising stocks deemed to have the potential for substantial growth.

Hims and Hers

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Hims and Hers is a telehealth platform focusing on various specialties, including erectile dysfunction, hair loss, and weight loss. This innovative company seeks to build long-term customer relationships through its subscription model while being independent of traditional insurance ecosystems. As a result, the company boasts lower costs and greater efficiency compared to conventional pharmacies.

Hims and Hers has reported an astounding compound annual growth rate (CAGR) of 94.9% since 2018. With over 2.1 million subscribers and a revenue forecast indicating a 90% increase in Q4 2024, this stock shows tremendous staying power as it expands its product offerings.

Outlette

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Outlette is a medical technology firm aiming to make healthcare more accessible for parents of newborns. The company manufactures a sock-like device that monitors the heart rate and oxygen levels of infants. While it faced regulatory challenges from the FDA, Outlette has recently gained authorization to sell its products through pharmacies and major retailers, paving the way for significant expansion.

Despite its current market cap of only $76 million, success in various product offerings could drive this company to a valuation of $1 billion, representing a 10x potential.

Sofi

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Sofi represents a new age financial services company, combining banking with technology. The company focuses on personal loans, mortgages, and a growing array of digital banking solutions. By leveraging technology, Sofi has attracted millions of customers and continues to expand into diversified financial services without the restrictions of a traditional bank.

Boasting a market cap of approximately $16.8 billion, Sofi's technology segment, which supports other banks, provides further growth opportunities. If successful, Sofi could emerge as one of the leading financial institutions in America over the next decade.

General Motors (GM)

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In light of the automotive industry's transformation toward electric vehicles (EVs), GM has positioned itself as an undervalued player. Following a successful buyback of shares and expansion into the autonomous vehicle market, GM is not only posting strong profits but also trailblazing innovation through its subsidiary, Cruise.

Despite a robust year with a near 95% share increase, GM's price-to-earnings (P/E) ratio remains favorably low at 5.9, presenting a sound opportunity for future investors.

Mobileye

Mobileye specializes in developing autonomous driving technology and systems for automakers. With an $14 billion market cap, the company possesses a strong lead in its niche, focusing on the growing demand for advanced driver-assistance systems.

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Mobileye's diverse product offerings position it as a critical player in the shift toward full autonomy in vehicles. As the market for autonomous technology expands, Mobileye stands to significantly increase its revenue potential.

Archer Aviation

Archer Aviation is pioneering urban air mobility with electric vertical takeoff and landing (eVTOL) aircraft, aiming to create an air taxi service akin to Uber. While still in its nascent stages, Archer has ambitious long-term goals and technological developments that could redefine urban transportation.

With innovative developments expected, Archer's potential growth remains high, albeit with inherent risks due to its early-stage operations.

Zillow

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Zillow is transforming itself into what it calls a "housing super app," aiming to become the go-to platform for all housing-related needs. With ambitious plans to aggregate services such as home searching, financing, and insurance, Zillow could tap into a $52 trillion housing market.

Currently valued at about $19 billion, Zillow's market presence and evolving strategy present significant upside if their vision materializes.

On Holding

On Holding is a premium athletic shoe and clothing company enjoying impressive growth rates, hitting a compounded annual growth rate of 53% since late 2021. The company has developed a unique marketing strategy targeting niche athletes rather than mainstream endorsements, allowing it to create brand loyalty and customer engagement.

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Despite its rapid growth, On Holding's market cap and price multiples suggest that it has plenty of room for growth in the high-end athletic market.

Shift4 Payments

Shift4 Payments provides payment processing solutions across various sectors like stadiums, restaurants, and more. As a profitable enterprise with a compound annual growth rate of 35%, Shift4 has a strong competitive advantage, especially in niche markets.

With a market cap of about $7.9 billion and reasonable valuations compared to its growth rates, Shift4 represents an enticing investment opportunity in the payments sector.

Celsius Holdings

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Finally, we round off with Celsius, an energy drink company that has faced challenges but remains a strong contender. Valued at $6.5 billion, Celsius is currently at an inflection point where its revenue and margins are expected to rebound.

With the potential for acquisition by larger beverage corporations, Celsius could see its market position improve significantly over the next decade.

Conclusion

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In seeking stocks with 10x potential, investors can explore these opportunities, each presenting unique innovations and disruptive approaches to their respective industries. From telehealth to urban air mobility, these companies embody the dynamic spirit of asymmetric investing—where the upside potential far outweighs the downside risks. Keep an eye on these stocks, as they may provide not only significant growth in your portfolio but also the excitement of being part of transformative industry changes.