How 2 Stocks Could Turn $10,000 Into $100,000 by 2030

The strong fundamental outlook of these two Canadian growth stocks could significantly multiply their value over the next several years.

| More on:
Hourglass and stock price chart

Source: Getty Images

Have you ever wished you had bought into a stock before it skyrocketed? Think of growth stocks like Amazon, Shopify, or Tesla in their early days. These names helped even small investments grow into fortunes for investors with patience and long-term vision.

While no one can go back in time, the great news is that similar opportunities still exist in the Canadian stock market. With the right growth picks, you could expect to receive outstanding returns on investments in the long term, especially if you invest in fast-growing companies with solid fundamentals and strong growth potential. In this article, I’ll highlight two promising Canadian stocks that I believe have the potential to turn a $10,000 investment into $100,000 by 2030.

Aritzia stock

Aritzia (TSX:ATZ) is a Vancouver-headquartered vertically integrated design house that started its journey as a TSX-listed company nearly eight years ago in October 2016, with its initial public offering priced at $16 per share. Today, it has a market cap of $5.7 billion as its stock trades at $50.43 per share with 83.4% year-to-date gains.

Despite facing global pandemic-driven operational challenges, including supply chain disruptions and high inflation over the last few years, Aritzia has emerged as one of the most resilient retail stocks in Canada. In the five years ended in February 2024, the company’s total revenue jumped by 167% from $874.3 million to $2.3 billion. This impressive growth, even amid economic uncertainty, highlights Aritzia’s ability to adapt and thrive in a competitive retail environment.

One main factor that has contributed positively to its financial growth in recent years and boosted its long-term growth outlook is its consistently strengthening performance in the U.S. market. In the second quarter (ended in August 2024) of its fiscal year 2025 alone, Aritzia saw its U.S. sales grow by an impressive 24% year over year, reaching $345.4 million and accounting for over 56% of its total revenue.

Moreover, consistently growing demand for Aritzia’s products in the U.S., coupled with its strategic expansion of boutiques and an improved e-commerce platform, could significantly accelerate its financial growth trends in the coming years, which should help its stock stage a strong rally.

Magna International stock

Another growth-oriented stock worth considering right now is Magna International (TSX:MG). MG stock has underperformed the broader market by a wide margin as it currently trades with 17% year-to-date losses against the TSX Composite’s 22% gains. However, these losses could be a buying opportunity for long-term investors who want to benefit from Magna’s strong position in the rapidly evolving automotive sector.

MG stock’s poor performance in 2024 could mainly be attributed to recent weakness in global automotive production and inflationary pressures that have affected the broader industry. However, these short-term headwinds are unlikely to have a major impact on its long-term growth outlook.

Whether it’s through its innovative solutions for electric vehicles (EVs) or its commitment to revolutionizing autonomous driving, Magna’s portfolio is built to benefit from many fast-emerging trends in the automotive industry. Besides being one of the world’s largest automotive parts suppliers, it also provides EV platform, battery enclosures, and advanced driver-assistance systems. Given these strengths, I wouldn’t be surprised if Magna stock multiplies its value over the next several years as the global transition to EVs and autonomous vehicles accelerates further.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Jitendra Parashar has positions in Amazon, Aritzia, Magna International, Shopify, and Tesla. The Motley Fool has positions in and recommends Aritzia and Shopify. The Motley Fool recommends Amazon, Magna International, and Tesla. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

Happy golf player walks the course
Dividend Stocks

Invest $15,000 in These 2 Canadian Stocks to Profit From Trump’s Tariffs

Trump tariffs are underway, but you can profit by investing in these Canadian stocks.

Read more »

how to save money
Dividend Stocks

Trump’s Tariffs Are Here: 1 Canadian Stock Set to Surge and 1 to Avoid

Heading into a new tariff regime, here's one Canadian stock to buy, and one to avoid!

Read more »

edit Safe pig, protect money
Stocks for Beginners

Trade War Jitters? These 2 TSX Stocks Could Be Your Safe Haven

These safe TSX stocks could continue to deliver strong returns even amid escalating trade tensions between the United States and…

Read more »

think thought consider
Stocks for Beginners

Beginner Investors: 4 Top Canadian Stocks to Buy for 2025

Are you new to investing and wondering how to get started? This mini-portfolio of Canadian stocks could outperform the market…

Read more »

Caution, careful
Stocks for Beginners

3 Major Red Flags the CRA Is Watching for Every TFSA Holder

The TFSA is an attractive investing tool to earn tax-free investment income. However, beware of these red flags that could…

Read more »

jar with coins and plant
Dividend Stocks

1 Incredibly Cheap Canadian Dividend-Growth Stock to Buy Now and Hold for Decades

Finding an undervalued stock is great, sure. But when it's in this high-growth area with a dividend, it's perfection!

Read more »

Skiier goes down the mountain on a sunny day
Tech Stocks

Meet the Canadian Stock That Continues to Crush the Market 

It's normal to beat the market once or twice while riding a trend. But this stock has been crushing the…

Read more »

Hourglass and stock price chart
Tech Stocks

2 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

Growth stocks are amazing, but only when they have a true growth outlook. Luckily, these two match right up.

Read more »