2023-11-02 06:08:00 ET
Most of the stocks in my portfolio are large, established companies with steady cash flow and little reason for me to worry about them executing their growth strategies. But with a small portion of my investable assets, I own some stocks that would definitely fall into the "speculative" category. Here are two in particular that have a lot of risk, but massive reward potential as well if their leadership teams can execute on their visions.
Many people think of Nextdoor (NYSE: KIND) as a place you go to watch your neighbors complain about one another, but it's actually a pretty impressive social media company . Nextdoor went public as part of the special purpose acquisition company (SPAC) boom a couple of years ago but is now trading for a much more reasonable discount of about 80% to its initial (inflated) valuation. And with a sub-$700 million market cap, it could be worth a closer look.
For starters, the platform has an impressive reach. Nextdoor has 41.6 million weekly active users, which is 13% higher than a year ago (better growth than most larger social media peers). And while the advertising business has been challenging lately, Nextdoor managed to increase its revenue by 4% in the most recent quarter.
For further details see:
These 2 Stocks Carry a Lot of Risk, but Their Upside Is Huge