From Pennies to Profits: 3 Stocks That Could Transform Your $100 into a Grand


  • These three penny stocks are poised for a massive breakout.
  • Grab (GRAB): GRAB is positioned for growth in the booming Southeast Asian market.
  • Bitfarms (BITF): BITF is a key player in the Bitcoin mining sector.
  • Taboola (TBLA): TBLA is set for substantial long-term financial expansion.
Stocks That Could Turn $100 into $1,000 - From Pennies to Profits: 3 Stocks That Could Transform Your $100 into a Grand

Source: Shutterstock

Exploring the stocks that could turn $100 into $1,000 reveals the thrilling potential of the penny stock market.

Don’t get your hopes up so fast, though. The Fear and Greed Index has dipped back into ‘neutral’ territory from ‘greed’ last month. However, with the backdrop of impending interest rate cuts, I expect that scenario to change dramatically later in the year. The three interest rate cuts expected in the latter half of the year could inject additional vitality into the market. This could offer healthy upside potential in penny stock bets.

Nevertheless, it’s important to be proactive ahead of a major breakout in the penny stocks discussed in the article. You won’t have to think that hard either. Investors can easily scoop up a substantial number of shares from all three stocks that could turn $100 into $1,000.

Grab (GRAB)

Motorcycle helmet with Grab logo on a motorcycle parked at the road side
Source: Nor Sham Soyod /

Grab (NASDAQ:GRAB) is a powerhouse in the fast-growing Southeast Asian ride-hailing and delivery. Its gig economy platform has effectively tapped into the burgeoning middle class in one of the world’s most dynamic regions. Additionally, its commitment to organic growth and innovation, through its recent strategic AI investments, signals a clear path toward sustained profitability. CFO Peter Oey is going all-in on AI to effectively streamline operations and expand product offerings.

Moreover, its leap into profitability, following its impressive fourth quarter (Q4) earnings report, marks a major milestone. An $11 million profit not only signals robust financial health but is a testament to Grab’s effective AI-driven enhancements in marketing, menu translation and customer service. This strategic embrace of AI sets a promising stage for rapid market growth and long-term gains.

Bitfarms (BITF)

Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto.
Source: PHOTOCREO Michal Bednarek /

The choppiness in Bitcoin (BTC-USD) prices of late is merely a smokescreen, obscuring its massive long-term potential. Moreover, with crypto investors gearing up for the anticipated halving event in April, estimates are soaring as high as $100,000 for BTC. Also, the expected rate cuts this year could be another shot in the BTC’s proverbial arm. 

This backdrop makes Bitcoin miners like Bitfarms (NASDAQ:BITF) particularly enticing, especially considering how it is down 25% year-to-date. That had a lot to do with equity dilution concerns, with Bitfarms having recently moved to raise $375 million. This financial infusion is set to turbocharge its operations, which is expected to triple its mining power at the end of this year. The planned increase from 6.5 EH/s to 21 EH/s represents a 223% bump in computing power, leading to vigorous top-line expansion ahead.

Taboola (TBLA)

TBLA stock: Taboola company website with logo close up. Stocks That Could Turn $100 into $1,000
Source: Postmodern Studio / Shutterstock

Taboola (NASDAQ:TBLA) is an online advertising giant that’s been one of the most consistent players over the years. Its consistent expansion is driven by strategic partnerships, triggering a ripple effect that attracts more brands while broadening its revenue streams in the process.

It wrapped up last year, with solid Q4 earnings where sales jumped 13% YOY to $419.8 million, while adjusted EBITDA rose $50.1 million, outperforming analyst estimates.  Furthermore, Taboola forecasts significant growth in 2024, aiming for a sturdy increase in sales at 33% to nearly $2 billion, with its adjusted EBITDA expected to surpass $200 million and $100 million in free cash flow

Also, its partnership with Yahoo could potentially bring in $1 billion annually, significantly improving its financials this year and beyond.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

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