Top 3 potential millionaire-maker stocks to invest in for significant returns

From Nasdaq: 2024-06-14 13:51:57

Investors seeking growth potential should look into companies with millionaire-maker potential. Beyond AI, other growth areas in the stock market like cryptocurrencies, cybersecurity, and utilities are offering significant returns. Analysts believe we are in the early stages of a prolonged bull market, making it an ideal time to invest.

Robinhood Markets (HOOD) has seen a surge in stock prices, rising 84% this year and 128% over 12 months. Recent announcements include a $1 billion stock buyback plan and the acquisition of Bitstamp for $200 million in cash to expand into cryptocurrency trading. The company also launched a credit card earlier this year.

MicroStrategy (MSTR) has seen a 115% gain in stock prices this year and a remarkable 421% increase over the last 12 months. The company, known for software and cloud computing, holds a significant amount of Bitcoin, driving its stock price. There are plans to raise $500 million to buy more Bitcoin, as they currently own more than any publicly traded company.

Micron Technology (MU) has had a strong year, with its stock price increasing by 72% YTD and doubling in 12 months. The company specializes in memory and storage for computers, reporting impressive financial results with demand growing rapidly, especially in the AI sector. Micron is set to release financial results on June 26.

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