Got $250,000? These 5 Unstoppable Stocks Can Make You a Millionaire by 2030 (or Sooner)

These 5 Unstoppable Stocks Can Make You a Millionaire by 2030

For more than 18 months, Wall Street and investors have enjoyed a historic bounce back rally from the pandemic-induced bear market. After losing a third of its value in roughly a month during the initial wave of COVID-19, the benchmark S&P 500 has since doubled.

Some folks might be leery of putting money to work in the market with valuations soaring since March 2020. However, history has repeatedly shown that transformative businesses tend to grow in value over time. Ultimately, when you buy a stock matters far less than how long you plan to hold onto your winners.

Even with the S&P 500 within striking distance of an all-time high, the following five unstoppable stocks all have millionaire-making potential. If you have $250,000 to invest right now, these companies can make you a millionaire by 2030, or possibly even sooner. Image source: Getty Images. CrowdStrike Holdings

Cybersecurity is arguably the safest sustainable double-digit growth trend throughout the decade. With more enterprise and consumer data than ever being moved into the cloud, the onus of protecting this information is increasingly falling on third-party cybersecurity stocks , like CrowdStrike Holdings ( NASDAQ:CRWD ).

CrowdStrike is what I consider to be the premier name in cloud-data protection. The company’s security platform, Falcon, was built in the cloud and relies on artificial intelligence to grow smarter at recognizing and responding to threats over time. In an average week, Falcon is overseeing approximately 6 trillion events. This ability to adapt over time makes Falcon a smart and cost-effective solution, relative to on-premises security options.

There’s also been no signs of slowing in CrowdStrike’s key performance indicators. Subscribing customers have catapulted from 450 to north of 13,000 in under five years, with the percentage of customers purchasing four or more cloud modules growing from sub-10% to 66% over the same stretch. Having its subscribers scale their usage of high-margin subscription services is precisely why CrowdStrike’s gross margin has already hit its long-term target so early in its growth process. Image source: Getty Images. Lovesac

If I told you that a small-cap furniture stock qualifies as both unstoppable and a bona fide millionaire-maker, would you believe me? Let’s take a closer look at how $250,000 invested in Lovesac ( NASDAQ:LOVE ) could make you a millionaire by or before 2030.

The big thing to understand about Lovesac is that it’s not a traditional furniture company. For starters, its product line is focused on functionality . While it may have once been known for its beanbag chairs (known as sacs), approximately 85% of its revenue now derives from selling sactionals — modular couches that can be rearranged dozens of ways to fit any livable space. There are around 200 different cover choices for sactionals, meaning they’ll match the theme or color of any customers’ home. Perhaps best of all, the yarn used to make these covers is made entirely from recycled plastic bottles. With choice and ESG leanings like this, it’s no wonder why millennials have become Lovesac’s core customer.

Something else that sets Lovesac apart from traditional furniture retailers is its omnichannel presence . Most furniture companies are reliant on their brick-and-mortar presence. Meanwhile, Lovesac was able to pivot nearly half of its sales online during the height of the pandemic. With pop-up showrooms and showroom partnerships also on the table, Lovesac’s marketing reach is greater than its peers, yet with far less overhead. This has allowed Lovesac to become profitable well ahead of schedule, and it should help the company maintain a double-digit growth rate. Image source: Getty Images. Cresco Labs

Cannabis is another unstoppable trend that should show investors the green throughout the decade. With the U.S. acting as the epicenter of worldwide weed growth, marijuana stock Cresco Labs ( OTC:CRLBF ) has all the tools needed to make you a millionaire.

Like most U.S. multistate operators (MSO), Cresco Labs has a burgeoning retail presence. It currently has 37 operating dispensaries, but should soon have 40, once its acquisition of three Cure Penn retail locations closes.

What’s notable about Cresco’s retail expansion, aside from its willingness to lean on acquisitions as a means to grow, is that it’s focusing its efforts on a number of limited-license markets . States like Illinois, Ohio, and Pennsylvania purposefully limit how many dispensaries can open, as well as how many retail licenses a single company can hold. In other words, regulators are reining in competition, which should give Cresco plenty of opportunity to build up its brands and garner a loyal following.

Cresco Labs’ industry-leading wholesale operations […]

source Got $250,000? These 5 Unstoppable Stocks Can Make You a Millionaire by 2030 (or Sooner)

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