10 Best High Risk Stocks to Buy Right Now
In the world of stock market investing, high-risk stocks can potentially bring higher rewards. However, it’s important to balance your risk tolerance with the potential for gain. Here, we will discuss ten high-risk stocks worth considering for your portfolio.
1. Tesla (TSLA) – Tesla has been on a rollercoaster ride in recent years, as it struggles to ramp up production and maintain profitability. However, with increasing demand for electric vehicles and a visionary CEO in Elon Musk, this Silicon Valley giant could prove to be worth the risk.
2. Beyond Meat (BYND) – This plant-based meat substitute company continues to disrupt the food industry. Though it faces increased competition from other alternative protein sources, its early success could indicate future growth.
3. Zoom Communications (ZM)- Riding high on the pandemic-driven remote work shift, Zoom has become a household name virtually overnight. The question lies in whether it can maintain its stranglehold on the market as in-person meetings gradually return.
4. Canopy Growth (CGC) – As cannabis legalization continues to spread across North America and the globe, Canopy Growth stands well-positioned to take advantage of this explosive market.
5. NIO Inc. (NIO) – Known as China’s answer to Tesla, this electric vehicle manufacturer aims to make its mark in the market–but it faces stiff competition from well-established rivals.
6. Nikola Corporation (NKLA) – An ambitious hydrogen fuel cell truck manufacturer planning to challenge Tesla’s electric semi-truck dominance; however, many investors are wary of its checkered past and unproven technology.
7. Moderna (MRNA) – A major player in COVID-19 vaccine development and distribution, Moderna’s future success depends on factors like demand for booster shots and its pipeline of
other potential drugs.
8. DraftKings (DKNG) – The online sports betting industry is expected to grow rapidly, and DraftKings is a leader in the space. The risk comes with the uncertainty of how quickly states will legalize online gambling.
9. Virgin Galactic (SPCE) – As the space tourism race heats up, Virgin Galactic looks to capitalize on its early lead. Its valuation, however, remains speculative as commercial flights have yet to truly take off.
10. Snapchat (SNAP) – Despite increased competition from social media giants like Facebook and Instagram, Snapchat has carved out a dedicated user base and shows promise in growing revenue through advertising.
These are ten high-risk stocks that offer potential for significant returns if their respective industries continue to grow and thrive. As with any investment, it’s crucial to research each stock you’re interested in thoroughly and make choices based on your financial goals and risk appetite.