In this article, we’re going to list the 10 best get rich quick stocks to invest in.
What are the odds of a third consecutive year of gains in the US equity markets? Will investors enjoy outsized gains, as has been the case amid the artificial intelligence-driven rally? Those are some of the big questions in the aftermath of the S&P 500 posting a 23% gain in 2024, building on a 24% gain in 2023.
If history is anything to go by, the likelihood of US equity markets finishing at a high for a third consecutive year is low. “Historically, the likelihood is about 1 in 5,” says Sam Stovall, chief investment strategist at CFRA. While history tends to repeat itself, the chief investment strategist believes there is a high chance that investors will enjoy significant returns, as has been the case in the past two years.
READ ALSO: 10 Fastest Growing Mutual Funds in 2025 and 11 Best Lidar Stocks to Buy According to Hedge Funds.
Ryan Detrick, a chief market strategist at the Carson Group, expects the equity markets to continue edging higher, driven by a more substantial consumer and an economy that is growing at an impressive rate. Inflation edging lower is another catalyst that should bolster equity sentiments, especially regarding the Federal Reserve cutting interests.
“If inflation continues to improve a little bit and the economy stays strong, there’s no need to have interest rates where they are right now,” he says. “We think more cuts are likely, and that may unlock some animal spirits that might help small businesses and the housing market.”
The sentiments come when the US stock market is trying to break out of a consolidation that has been in place since the start of the year. While major indices are flirting with record highs, there is limited upside action as investors remain on edge amid a change of policy by the new US administration. President Donald Trump’s sparking fierce trade wars with allies over trade tariffs has triggered significant volatility in the market.
According to Morgan Stanley, companies that offer services should have better protection than those that manufacture goods as tensions over international trade increase. On the other hand, companies with significant international operations would be seriously threatened by the economic levies and tariffs imposed by the new Trump administration. However, some stocks, like those that offer consumer services, are better positioned to withstand an impending global trade war.
“Our preferred sectors in a world of supply chain strain driven by multipolar escalation and/or new tariffs vary by region — in some regions there are clear sector implications while in others it is about identifying relative opportunities within sectors. In the U.S., our Equity Strategy team prefers services (Financials, Software, Media & Entertainment, and Consumer Services) over Consumer Goods at the broadest level,” Morgan Stanley wrote in a research note to investors.
A business person consulting with their financial advisor showing their portfolio of stocks.
Our Methodology
We scanned the US market, focusing on stocks trading with a Beta of more than 2. We then trimmed the list by focusing on stocks trading for less than $5. The idea was to generate a list of volatile penny stocks that can generate returns in the short term. Finally, we ranked the stocks in ascending order based on the stock’s Beta rating.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
10 Best Get Rich Quick Stocks To Invest In
10. Jumia Technologies AG (NYSE:JMIA)
Current Share Price as of February 19: $4.04
Stock Beta Rating: 2.07
Number of Hedge Fund Holders: 12
Jumia Technologies AG (NYSE:JMIA) is an internet retail company that operates an e-commerce platform. Its platform consists of a marketplace that connects sellers with customers’ logistics service, which enables the shipment and delivery of packages from sellers to consumers. The company delivered solid growth orders, active customers, and gross merchandise volume (GMV) for the two months that ended in November 2024.
The internet retail giant recorded an 18% increase in adjusted orders to 4.3 million, of which 62% were placed during the Black Friday event. Active customers in the platform also increased 9% year over year as gross merchandise volume increased 33%, affirming the robust underlying growth.
Jumia Technologies AG (NYSE:JMIA) is well-positioned to benefit from the long-term expansion outlook for e-commerce services in Africa. Significant growth for GMV and the overall number of orders placed across the period is a clear bullish indicator affirming the company’s long-term prospects.
9. Kosmos Energy Ltd. (NYSE:KOS)
Current Share Price as of February 19: $3.31
Stock Beta Rating: 2.19
Number of Hedge Fund Holders: 27
Kosmos Energy Ltd. (NYSE:KOS) is an energy company that explores, develops, and produces oil and gas along the Atlantic Margins. The company underperformed in 2024 on being pressured by a significant decline in oil prices.
Amid the slump, Kosmos Energy Ltd. (NYSE:KOS) continues to trade at a significant discount with a high beta. Similarly, Kosmos has made significant developments in improving its operational financial progress. For starters, its daily production has improved by 50% to 90,000 barrels a day. Additionally, its gross margins stand at a high of 73%, positioning it to generate optimum returns from a significant spike in oil prices.
In addition, there is clarity in Kosmos Energy Ltd.’s (NYSE:KOS) strategic direction following the dropping of plans to acquire Tullow Oil PLC. Consequently, the energy company has moved to strengthen its strategic partnership with BP and, in the process, achieved the first gas production at the Greater Tortue Ahmeyim project.