Got $3,000? Buy These 3 Unstoppable Stocks With Multi-Bagger Potential

There’s little question that the best path to wealth generation is investing in quality stocks and holding them for years and even decades. Along the way, there is the potential to find a company that can become a “multi-bagger,” or an investment that gains several times its original value. There are a few contributing factors that can help a stock go parabolic, increasing the chances that it will become one of this rare breed of investment.

Find companies that provide a novel answer to an age-old problem, have massive secular tailwinds, or have a large addressable market, and you’ll be on the right track. In very rare instances, you can a find a company that ticks all three of those boxes, dramatically increasing the likelihood of multiplying your investment dollars many-fold. An investment in any or all of these companies will likely fit the bill.

Smiling man with cash raining down around him

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Teladoc and Livongo: A powerful one-two punch

Teladoc Health (NYSE:TDOC) was already in an enviable position before the onset of coronavirus. Patients were gravitating toward the ease of virtual care offered by app-based doctor visits, without the need for a trip to the clinic. With the arrival of the pandemic and the resulting stay-at-home orders, the company was perfectly positioned to give patients a safe and convenient alternative.

As a result, the number of virtual office visits surged higher, driving Teladoc’s financial performance in its wake. The numbers so far this year tell the tale. In the first quarter, Teladoc’s total patient visits jumped 92%, sending revenue growth up by 41%. Things really took off in the second quarter, with total patient visits that increased 203%, pushing revenue up 85%. 

Livongo Health (NASDAQ:LVGO) was also riding high, providing a novel solution to patients and healthcare providers alike. The company’s offerings help