• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

Got $8,000? 3 Top Growth Stocks to Buy That Could Double Your Money todayheadline

January 5, 2025
in Business & Finance
Reading Time: 3 mins read
A A
0
Person holding a handful of hundred dollar bills.
7
SHARES
15
VIEWS
Share on FacebookShare on Twitter


AppLovin, Opendoor, and SoFi could have a lot more upside potential.

The median savings account balance for all U.S. families sits at $8,000, according to the Federal Reserve’s most recent Survey of Consumer Finances. If those families lock that amount into a 10-year CD that yields 4% annually, their savings would only grow to $11,841.95 by the time it matures. That 48% gain might seem decent, but it could actually fail to keep pace with inflation, and it would underperform many high-growth stocks.

If you’re willing to put that $8,000 into a few riskier growth stocks instead, you could potentially double your money (or more) over the next decade — or, unlike the CD, possibly suffer losses if things don’t work out. Here are three stocks that might appeal to those more risk-tolerant investors: AppLovin (APP 2.60%), Opendoor Technologies (OPEN 3.77%), and SoFi Technologies (SOFI 5.03%).

Image source: Getty Images.

AppLovin

AppLovin is a mobile app publisher that also develops AI-powered app monetization tools for other companies. It expanded significantly by acquiring several of its industry peers, including MoPub and Wurl, over the past four years.

In 2022, its growth flatlined as it posted a net loss. Like many of its peers, AppLovin struggled as the macro headwinds drove many companies to rein in their ad spending.

But in 2023, its revenue rose 17% as it turned profitable again. That recovery was driven by a warmer macro environment and the growing adoption of its AI-powered AXON ad discovery services. For 2024, analysts expect its revenue and earnings to grow 40% and 171%. Those are stunning growth rates for a stock that trades at 47 times forward earnings.

Looking further ahead, AppLovin expects its revenue to grow “20% to 30%” annually for the “foreseeable future.” That rosy outlook might make it a great way to profit from the long-term growth of the mobile app, digital advertising, and AI markets.

Opendoor

Opendoor is an “iBuyer” that makes instant cash offers for homes, fixes them up, and relists those properties on its own marketplace. Zillow and Redfin also previously operated their own iBuying platforms, but they both exited that capital-intensive market in 2022 as rising rates chilled the housing market.

Opendoor is the last major iBuyer standing, but its revenue plunged 55% in 2023 as it bought and sold fewer houses. Analysts expect another 27% decline for 2024 as interest rates stay elevated, and it’s expected to stay deeply unprofitable.

That outlook might seem bleak, but Opendoor’s business could warm up again as interest rates decline and the housing market heats up again. That’s why analysts expect its revenue to rise 22% to $6.2 billion in 2025.

With an enterprise value of $2.8 billion, Opendoor’s stock looks dirt cheap at just 0.5 times that estimate. Any positive news about interest rates and the housing market will likely drive its stock a lot higher.

SoFi

SoFi, which is short for Social Finance, originally focused on providing a wider range of student loans than traditional banks did. But over the past decade, it expanded its financial services business with mortgages, auto loans, personal loans, credit cards, insurance services, estate planning tools, and a stock trading platform.

That expansion was driven by its takeover of Galileo in 2020, which gave it access to more payment processing and card issuing tools, and the approval of its U.S. bank charter in 2022, which supported its launch of a digital-only direct bank. Its members grew from 2.52 million at the end of 2020 to 9.37 million in the third quarter of 2024.

SoFi’s digital-only business model enabled it to expand more rapidly and collect data more efficiently than its brick-and-mortar competitors. It ultimately aims to become a “one-stop shop” that replaces other financial apps.

Like Opendoor, SoFi’s business is sensitive to interest rates. It was also affected by the freeze on student loans from March 2020 to September 2023. But as those headwinds dissipate, its business should warm up again. For 2025, analysts expect its revenue and EPS to rise 17% and 12%, respectively. Its stock might not seem cheap at 70 times forward earnings and six times next year’s sales, but it could have plenty of room to run as it locks more users into its growing web of financial services.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AppLovin and Zillow Group. The Motley Fool recommends Opendoor Technologies and Redfin and recommends the following options: short February 2025 $10 calls on Redfin. The Motley Fool has a disclosure policy.

Tags: BuydoubleGrowthmoneyStockstodayheadlinetop
Previous Post

Goldman Sachs is out with 7 macro global predictions for 2025 By Investing.com todayheadline

Next Post

Ruthless Aryna Sabalenka’s AO tune-up nets Brisbane crown todayheadline

Related Posts

Moderna Receives U.S. FDA Approval for COVID-19 Vaccine mNEXSPIKE todayheadline

May 31, 2025
4

Sri Lanka foreign exchange earnings exceed imports by $531mn in April 2025 todayheadline

May 31, 2025
3
Next Post

Ruthless Aryna Sabalenka's AO tune-up nets Brisbane crown todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
California track-and-field championships draw limited protest over trans student's participation

California track-and-field championships draw limited protest over trans student’s participation

May 31, 2025
Sara wants impeach trial to proceed amid another delay in Senate

Sara wants impeach trial to proceed amid another delay in Senate

May 31, 2025
how fake images spread right-wing hate – DW – 05/31/2025

how fake images spread right-wing hate – DW – 05/31/2025

May 31, 2025
China’s navy conducts combat patrols near disputed South China Sea shoal

China’s navy conducts combat patrols near disputed South China Sea shoal

May 31, 2025

Recent News

California track-and-field championships draw limited protest over trans student's participation

California track-and-field championships draw limited protest over trans student’s participation

May 31, 2025
0
Sara wants impeach trial to proceed amid another delay in Senate

Sara wants impeach trial to proceed amid another delay in Senate

May 31, 2025
3
how fake images spread right-wing hate – DW – 05/31/2025

how fake images spread right-wing hate – DW – 05/31/2025

May 31, 2025
3
China’s navy conducts combat patrols near disputed South China Sea shoal

China’s navy conducts combat patrols near disputed South China Sea shoal

May 31, 2025
3

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

California track-and-field championships draw limited protest over trans student's participation

California track-and-field championships draw limited protest over trans student’s participation

May 31, 2025
Sara wants impeach trial to proceed amid another delay in Senate

Sara wants impeach trial to proceed amid another delay in Senate

May 31, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co