ALERT: 4 growth stocks that could make you rich next year


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the S & P / TSX Composite Index fell 50 points on December 30. Regardless, Canadian equities gained solid momentum after struggling in the first half of the month. Fears that the Omicron COVID-19 variant could disrupt markets have apparently been allayed in recent weeks. Today I want to take a look at four growth stocks that have the potential to make a fortune in 2022. Let’s dive in.

I’m still in love with this Canadian alternative financial services company

kid (TSX: GSY) is a Mississauga-based company providing loans and other financial services to Canadian consumers. Shares of this growth stock climbed 86% in 2021 to the December 30 close. I had suggested investors buy goeasy during the March 2020 market pullback. Stock would drop below $ 30 in the worst throes of the correction. It closed at $ 179.83 on December 30.

In the third quarter of 2021, the company recorded growth in its loan portfolio of 60% to $ 1.90 billion. Meanwhile, adjusted earnings rose 48% to $ 46.7 million or 35% per share to $ 2.70. The shares of this growth stock have a favorable price / earnings (P / E) ratio of 11. Better yet, goeasy is a dividend aristocrat who offers a quarterly payout of $ 0.66 per share. This represents a modest return of 1.4%.

Why I’m Buying Down This Tech-Driven Growth Stock

Earlier this week, I reviewed some of the best tech stocks to buy ahead of the New Year. At the time, I suggested that Nuvei (TSX: NVEI) (NASDAQ: NVEI) was a growth stock worth buying after a damaging short attack hit the stock hard. Its shares climbed 18% in 2021.

The company released its third quarter 2021 results on November 9. Revenue increased 96% year-over-year to $ 183 million. At the same time, Adjusted EBITDA increased 97% to $ 80.9 million. Investors willing to take the risk should consider snagging this declining growth stock now.

Here’s another growth stock ready for the future

Game lover (TSX: EGLX) (NASDAQ: EGLX) is a Toronto-based company engaged in the media, content, entertainment and esports businesses in North America and around the world. This growth stock got off to a hot start in 2021 but has since declined. Anyway, I am interested in getting into esports oriented actions. Enthusiast Gaming also has a fantastic track record.

In the third quarter of 2021, the company reported 165% year-over-year revenue growth to $ 43.3 million. Meanwhile, gross profit jumped 146% to $ 10.1 million. Enthusiast reported 207,000 paying subscribers as of September 30, 2021, up 85% from the previous year.

Another TSX stock to consider before the new year

Hut 8 Mines (TSX: HUT) (NASDAQ: HUT) is the fourth and final growth stock that I would look to grab before entering 2022. This Toronto-based cryptocurrency mining firm has had an excellent performance this year. Its shares climbed 152% in 2021 to the December 30 close.

This company achieved a record quarterly revenue of $ 50.3 million in the third quarter of 2021. Crypto miners have thrived, as Bitcoin and his peers have skyrocketed this year. This young market is still flourishing and looks set to continue its momentum into the new year. Better yet, the growth stock last had an RSI of 36. That puts Hut 8 Mining just outside technically oversold territory.


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