The term “10-baggers” is thrown around often in the financial industry.
It’s not commonplace to be able to identify a stock that will eventually go up 10X in value. But it is achievable.
In the investment world, snagging a 10-bagger is equivalent to receiving a massive trophy you can put on your mantel.
I’m proud to say I have a few such trophies collecting dust on my resume.
One of the most recent and notable 10-baggers in the market is chipmaker Nvidia (NVDA). The face of the artificial intelligence (AI) bull market has rocketed higher over the past two years.
Nvidia’s stock hit a low of $10.81 in October 2022. Now, it’s trading around $133 per share after hitting a high of $140 in June.
But Nvidia is far from alone. Plenty of under-the-radar stocks have reached similarly high levels in the market.
I’m flying solo on today’s new episode of the SteadyTrade Podcast, and I’m diving into the world of 10-baggers. I share what to look for to find the next 10X winner – including various qualities of prior big winners from my resume, how a 10-bagger can change your investment life, and what kinds of stocks have the potential to grow that large.
Here’s to the future,
Matt McCallEditor, Market Insights
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