The $10 Stock Jackpot: 3 Speculative Plays That Could Double Overnight

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The $10 Stock Jackpot: 3 Speculative Plays That Could Double Overnight

InvestorPlace05-21

These are the cheap speculative stocks to buy before they skyrocket within the next few months. Riot Platforms (RIOT): Strong fundamentals will support aggressive hash rate capacity expansion that ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe $10 Stock Jackpot: 3 Speculative Plays That Could Double Overnight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-21 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/05/the-10-stock-jackpot-3-speculative-plays-that-could-double-overnight/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These are the cheap speculative stocks to buy before they skyrocket within the next few months.\nRiot Platforms (RIOT): Strong fundamentals will support aggressive hash rate capacity expansion that ...</p>\n\n<a href=\"https://investorplace.com/2024/05/the-10-stock-jackpot-3-speculative-plays-that-could-double-overnight/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1720051108.HKD","symbol_name":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/05/the-10-stock-jackpot-3-speculative-plays-that-could-double-overnight/","article_id":"2437490528","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437490528","pubTimestamp":1716287220,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These are the cheap speculative stocks to buy before they skyrocket within the next few months.Riot Platforms : Strong fundamentals will support aggressive hash rate capacity expansion that will translate into stellar growth.Joby Aviation : Smooth progress towards commercialization of eVTOL aircraft in 2025 and the scaling-up of manufacturing.Plug Power : Recent loan commitment from the U.S. Department of Energy will support the completion of green hydrogen projects.The price-action in some speculative stocks in the recent past is signaling the possible return of the meme stock euphoria. Stocks like Novavax  doubled overnight, and the rally has even increased. It’s, therefore, a good time to make quick money by holding positions in some cheap speculative stocks.With Riot being a low-cost Bitcoin miner, there is visibility for robust cash flows, given the expansion plans. The cash buffer is, therefore, likely to remain strong and support the company’s target to achieve a capacity of 100","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","JOBY":"Joby Aviation, Inc.","BK4541":"氢能源","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4023":"应用软件","BK4008":"航空公司","BK4585":"ETF&股票定投概念","NVAX":"诺瓦瓦克斯医药","BK4139":"生物科技","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4595":"比特币概念","PLUG":"普拉格能源","LU0823414478.USD":"法巴经典能源转换基金","BK4568":"美国抗疫概念","BK4588":"碎股","RIOT":"Riot Platforms","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","BK4547":"WSB热门概念","BK4096":"电气部件与设备"},"translate_title":"10美元的股票头奖：3个投机游戏可以在一夜之间翻倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JOBY":1,"RIOT":1,"PLUG":1,"NVAX":1},"content_text":"These are the cheap speculative stocks to buy before they skyrocket within the next few months.\nRiot Platforms (RIOT): Strong fundamentals will support aggressive hash rate capacity expansion that will translate into stellar growth.\nJoby Aviation (JOBY): Smooth progress towards commercialization of eVTOL aircraft in 2025 and the scaling-up of manufacturing.\nPlug Power (PLUG): Recent loan commitment from the U.S. Department of Energy will support the completion of green hydrogen projects.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nThe price-action in some speculative stocks in the recent past is signaling the possible return of the meme stock euphoria. Stocks like Novavax (NASDAQ:NVAX) doubled overnight, and the rally has even increased. It’s, therefore, a good time to make quick money by holding positions in some cheap speculative stocks.\nSince we are talking about speculative ideas, the risk (beta factor) is high. Even if there is a euphoria in meme stocks, I would limit portfolio exposure to 5% to 10% to these speculative bets. At the same time, it’s important to scan through names among speculative stocks that represent companies with reasonable fundamentals.\nAnother factor that’s likely to support a rally for cheap speculative stocks is potential rate cuts. I expect the first rate cut to happen before Presidential elections. Easy money policies encourage speculation across asset classes and equities will benefit. Therefore, let’s talk about three ideas poised to double in the blink of an eye.\nRiot Platforms (RIOT)\nSource: T. Schneider/ Shutterstock.comDespite Bitcoin (BTC-USD) trending higher, Riot Platforms (NASDAQ:RIOT) stock has been sideways in the last 12 months. The fundamentally strong Bitcoin miner trades at a forward price-earnings ratio of 18.3. This is a good accumulation opportunity, and 100% returns are likely in the blink of an eye.\nRegarding the fundamentals, Riot has a cash buffer of $1.3 billion (including the value of Bitcoin holdings). Further, the company has a zero-debt balance sheet. This positions Riot to pursue aggressive expansion plans translating into stellar revenue and cash flow growth.\nTo put things into perspective, Riot ended Q1 2024 with a hash rate capacity of 12.4EH/s. By the end of the year, the company expects capacity to swell to 31.5EH/s and further to 40.8EH/s by the second half of 2025.\nWith Riot being a low-cost Bitcoin miner, there is visibility for robust cash flows, given the expansion plans. The cash buffer is, therefore, likely to remain strong and support the company’s target to achieve a capacity of 100EH/s by 2027.\nJoby Aviation (JOBY)\nSource: T. Schneider / Shutterstock.comJoby Aviation (NYSE:JOBY) stock has been subdued in the last 12 months. This is a golden accumulation opportunity with the commercialization of the company’s flying car due in 2025. JOBY stock price action is a calm before the storm.\nAn important point to note is that the eVTOL industry is nascent. The early-movers are likely to have a big advantage and Joby is well positioned to benefit. I would not be surprised if the stock delivers 3x to 5x returns within the next 18 months.\nRegarding certifications, Joby claims to be the first “electric air taxi company to have their final airworthiness criteria published by the FAA.” Joby has also completed 1,500 full-scale eVTOL flights.\nWith $924 million in cash and short-term investments, Joby is targeting production ramp-up. The target is to develop scaled manufacturing facilities capable of producing up to 500 aircraft per year. This will support revenue upside in 2025 and beyond. Further, aggressive international expansion will be supported as annual production is scaled-up. Joby already has agreements for expansion in the UAE.\nPlug Power (PLUG)\nSource: T. Schneider / Shutterstock.comPlug Power (NASDAQ:PLUG) stock has witnessed a deep correction of 60% in the last 12 months. While the outlook remains positive for the hydrogen economy, PLUG stock has crashed on financing and project execution concerns. However, there finally seems to be a catalyst for a strong reversal rally.\nRecently, Plug Power received a conditional commitment loan guarantee from the U.S. Department of Energy worth $1.66 billion. The funds will be utilized to develop, construct and own up to six green hydrogen production facilities. This backing by the U.S. DoE will provide confidence to investors.\nIt’s also worth noting that Plug Power is pursuing projects beyond the U.S. In May, the company signed a contract with Allied Green Ammonia for a 3GW electrolyzer plant in Australia. The company has also received its first international safety and performance certification in Korea for electrolyzer manufacturing. With these positive developments, I am bullish on a sharp rally from deeply oversold levels.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/05/the-10-stock-jackpot-3-speculative-plays-that-could-double-overnight/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}