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Stock impact report

3 Growth Stocks That Could 10X by December 2024 [Yahoo! Finance]

GigaCloud Technology Inc - Class A Ordinary Shares (GCT) 
Company Research Source: Yahoo! Finance
Of course, most people looking for such gains usually end up investing in cryptocurrencies or in loss-making and highly dilutive stocks in the hopes of landing a short squeeze. However, I think it is a better idea to invest in sustainable businesses that are at or near profitability already and are supported by robust growth. These stocks don't trade at bargain valuations, but they have lots of upside potential as their valuations are lower than their peers. Here are three such growth stocks to consider for outsized gains this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips GigaCloud Technology (NASDAQ: GCT ) operates an e-commerce marketplace for large parcel merchandise. Despite its name, this company has nothing to do with cloud computing. But don't let that fool you – GigaCloud is absolutely thriving. The company recently reported revenue that nearly doubled year-over-year in Q1 to $251 million . Unsurprisingly, GCT stock has already soared 380% over t Show less Read more
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