Latest news with #volatility
Yahoo
6 hours ago
- Business
- Yahoo
He called the 2008 crisis, took a 14-year break and today warns us that a fresh financial storm is brewing
Steve Diggle's Artradis was once the biggest hedge fund in Asia. In the era of the global financial crisis and 'The Big Short,' his tail-risk fund — a portfolio of instruments that benefit from highly adverse market conditions — doubled its assets and returned $3 billion to investors in the process. Diggle's strategy of being long volatility and short credit risk, with a particular focus on the then-nascent credit-default-swap market, proved tremendously successful as markets malfunctioned and asset prices collapsed. The fundamentally bearish approach proved tremendously successful as investors realized how badly risk had been mispriced in a long bull market stretching back to 2002. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? My ex-wife said she should have been compensated for working part time during our marriage. Do I owe her? S&P 500 scores best May since 1990, but stocks end month with fresh tariff worries My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money Five emerging pillars of stock-market support that should keep investors from rushing the exits Diggle closed his long volatility fund in 2011 when unprecedented — and concerted —quantitative easing by the world's largest central banks depressed volatility to such an extent that the Artradis blueprint was no longer applicable. Things have moved on since 2011, though, and Diggle thinks the time is right to reinitiate his strategy. 'I see a lot of the same complacency and mispricing of risk we witnessed before the global financial crisis began to bubble in 2007,' he told MarketWatch in an interview. Diggle believes, he said, that the opportunity set that markets present to his new Vulpes AI Long/Short, or VAILS fund, launched on May 1, is very similar, which he'll be running from London rather than Artradis's former home of Singapore. There are some differences, however. In 2005–08 much of the hidden risk and excess leverage in the system was in banks and mortgages. Said Diggle: 'In 2025 financial markets are riddled with several fault lines, but now the bubble and the dangerous leverage is centered on private equity and private credit.' Here, again, the assets are misunderstood, poorly regulated, illiquid, mispriced or overvalued, and divestment is difficult without taking hits or marking down the value of other holdings. First, given the enormous budget deficits and huge debts incurred by a decade of QE and then the global pandemic, said Diggle, 'central banks are simply not in a position to implement similarly accommodative monetary policy again.' Second, there is inflation in the system once more. After 40 years of exporting deflation, China is no longer in that position, as globalization is reversing, and protectionist economics are destabilizing supply chains. Third, geopolitics present a clear and present threat to the security of asset markets. Fourth, the U.S. equity market, representing two-thirds of the world's total, is now — by most valuation metrics — expensive. Lastly, he added, ''the world's largest and most powerful economy is being piloted by a disruptive and, some may contend, reckless captain whose unpredictability and irrationality have generated wild market turbulence.' Of course, there are other tail-risk funds and strategies that benefit from bearish views. So what does he add? Straight off the bat, Diggle replies: 'I did it before.' He pointed out that he never gated Artradis during the global financial crisis. Unlike many funds during those periods of wild swings and illiquidity, Artradis always allowed clients to get their money out immediately. Investors back then were frequently obliged to liquidate their tail-risk hedges to offset losses elsewhere. Diggle is also keen to point out that 'I'm not a permabear, like the Nouriel Roubinis and Albert Edwardses of this world.' His investment opinions are tactical, not ideological. His misgivings about asset prices have a simple origin: 'Not enough people have hedges.' VAILS intends to combine selected long volatility positions in indices and stocks with credit-default swaps, not unlike the approach that served Diggle and his investors so well in 2008. For investors running tail-risk funds, the challenge is staying alive while the market, as it usually does, rises. 'We were able to carve out sufficient returns in a low-volatility environment through capital arbitrage,' said Diggle. That means trying to exploit differences in valuations between different securities of the same issuer. This time round, VAILS is unlikely to deploy capital arbitrage strategies. Markets, in some respect at least, have become more efficient in the last 15 years. While positioning for the correction that Diggle believes must come, and generating some alpha to keep investors content in the meantime, VAILS intends to wrap the long volatility/CDS strategy up with a complementary trading model. His proprietary model uses an AI engine, designed to trawl through sheaves of corporate data and communications and spotlight assets that are abnormally vulnerable to failure, be that because they are overvalued, fraudulent or high risk. 'I am getting very frustrated': My mother's adviser has not returned my calls. He manages $1 million. Is this normal? This chart shows why investors should be worried about the latest bond-market selloff It's my dream to travel to Africa. My husband says it's not on his bucket list. Do I pay for him or go alone? 'What we found horrified us': My elderly relative mistook charity envelopes for overdue bills — and gave thousands to other family members Bond 'vigilantes' are sending warnings globally. What does that mean for your portfolio? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
17 hours ago
- Business
- Free Malaysia Today
From TACO to FAFO, investors love parodies of Trump acronyms
US President Donald Trump was inaugurated in January after winning the November elections. (AP pic) NEW YORK : Four months into US President Donald Trump's second term, market observers have taken a cue from his fondness for condensing slogans into catchy acronyms like MAGA, DOGE and MAHA, and devised a few of their own that have been spreading across trading desks. Even those acronyms that do not directly reflect a specific trading strategy, still capture factors that traders say are important in Trump-era markets, such as volatility and uncertainty, that investors need to consider when making decisions. Some of the new labels are associated with investment strategies that aimed to capitalise on Trump's economic and trade policies, and international relations goals. Others riff off economic implications or his abrupt U-turns as markets and trade partners react to his proposals. The 'Trump trade' that played on the Make America Great Again theme in the wake of his November election victory and January inauguration, and contributed to record highs on Wall Street in February, is hardly discussed now that stocks, the dollar and treasury bonds have succumbed to worries about his tariff polices. 'Post the election, we heard a lot about YOLO (You Only Live Once), which seemed to promote taking outsize risks in a concentrated investment theme,' Art Hogan, strategist at B Riley Wealth, said. YOLO, is an acronym used to describe the tendency that was part of that Trump trade to chase high momentum strategies such as cryptocurrency. 'While the term YOLO was popular for a period of time, it goes against all traditional advice,' Hogan said. Here are a few more acronyms that have gotten play in the investment world in recent weeks: TACO (Trump Always Chickens Out) This one, coined by a Financial Times columnist, has been used as a way to describe Trump's to-ing and fro-ing on tariffs in the wake of his April 2 'Liberation Day' speech. When asked about TACO in a recent press conference, the president lashed out, calling the question 'nasty'. 'Where we end up might not be too far from what he promised on the campaign trail. So, does he always chicken out? I wouldn't go as far as to say that,' said Christian DiClementi, fixed income portfolio manager at AllianceBernstein. 'I think that he wants to rebalance the economy without pushing it off a cliff. And we're watching that being executed in real time. I think some of the ideas are thought out and some of them change on the fly.' MEGA (Make Europe Great Again) MEGA, first coined last year to address European competitiveness, resurfaced this spring as a way to describe the flurry of investor interest in and flows into European markets. MEGA hats, spoofing their MAGA counterparts, are easily purchased online It's been revived by investors and traders in light of the outperformance European stocks in the immediate aftermath of Trump's 'Liberation Day' tariffs bombshell. MAGA (Make America Go Away) While the original Trump trade was also known as the MAGA trade, this variation cribbed the president's motto, first appearing in response to vice-president JD Vance's brief and unfruitful visit to Greenland, the autonomous territory of Denmark, which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking 'wishful thinking' about simply boycotting US investments. FAFO (F*** Around and Find Out) Although the acronym also came into being well before Trump's inauguration, it is being heard with increasing frequency in trading desk conversations. It is used to capture the financial market's volatility and chaos that Trump's policymaking process has created. Mark Spindel, chief investment officer of Potomac River Capital LLC, described the market as being caught in a 'pinball machine as a result of that policymaking process'. When reached for comment, White House spokesman Kush Desai said in an email 'these asinine acronyms convey how unserious analysts have consistently beclowned themselves by mocking president Trump and his agenda that've already delivered multiple expectation-beating jobs and inflation reports, trillions in investment commitments, a historic UK trade agreement, and rising consumer confidence.'
Reuters
a day ago
- Business
- Reuters
European shares trim gains after Trump comments on China tariffs
LONDON, May 30 (Reuters) - Europe's benchmark STOXX 600 index trimmed its gains on Friday after U.S. President Donald Trump said China had violated an agreement on tariffs with the United States. The STOXX 600 (.STOXX), opens new tab dropped after Trump's post on Truth Social, but was last up 0.2% on the day. A measure of European volatility spiked and was last up 0.2 points at 19.19 (.V2TX), opens new tab.
The Guardian
a day ago
- Business
- The Guardian
Is every memecoin just a scam? Experts on whether Andrew Tate and Trump are fleecing their followers
In November last year, I was turned into a memecoin. Several, in fact. The Guardian's journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Someone alerted me that a memecoin called Dork Nerd Geek ($DNG) had been minted with a picture of my face, and it already had a market cap (the total value of all coins in circulation) of $29,000. Twenty minutes later it was $100,000. An hour later it was $800,000. I had no idea what was going on, but I did know that 'Dork Nerd Geek' was the nickname Andrew Tate gave me because I've spent much of my journalistic career investigating allegations of human trafficking made against him. I noticed he was currently livestreaming to his followers. I opened up his live stream and, for the first time, bore witness to the insane volatility of the memecoin market. In the space of 10 minutes, dozens of new me-related memecoins were being minted, including 'Disgraced News Gatherer', 'Matt Shea is a faggot,' and 'Take My Wife Tate (CUCK),' the latter of which included a picture of my fiancee taken from Instagram. Tate was pumping some of these memecoins in value merely by talking about them, with market fluctuations happening in real time on the order of millions, based on his every word. Two seconds after he said the words 'Fuck Matt Shea,' a coin called 'FUCK MATT SHAE [sic]' soared in value. Twenty minutes later, he uttered the words 'Fuck Matt Shea … ' again and it went even higher, only to drop back down to nothing when he finished his sentence with '… is not a generational asset'. He then said he would pump the coin after taking a piss. He walked offscreen to urinate. It rocketed. Soon, there were hundreds more Matt Shea memecoins with similar names, as his followers tried to trick people into thinking that their Matt Shea memecoin was the one Tate was pumping. His words became memecoins, those memecoins shot up in value, and then the value disappeared instantaneously. All in all, about $2m was spent by people on memecoins making fun of me in the span of a few hours, and hundreds of millions more on other coins he mentioned during the stream. By the end of his live stream, the value of all the coins he pumped was back to near zero. All the fans who had invested at his behest collectively would have lost hundreds of millions of dollars. His followers may have felt they were in on the joke, but in the end they mostly lost their money. Only a tiny number of wallets actually profited from the coin including one crypto that made a profit of $240,000. A number of online crypto investigators including Coffeezilla, bored2boar, StarPlatinum and others have found that Tate has manipulated memecoin markets using 'pump and dump'-like schemes, leading to large profits for those within his inner circle. We put the allegations in these investigations to Tate's team, who said they had no comment. What happened on Tate's stream that day felt bizarre but I didn't completely understand what I was witnessing. I thought I basically understood bitcoin, but how do memecoins differ, and why do they continue to be popular when so many people have lost money on them? According to David Gerard, author of Attack of the 50 Foot Blockchain: 'Basically, literally, yes.' 'All of this is like a big game of pretend with made-up financial instruments,' he said. 'It's printing your own made-up money. You print your own Monopoly money and then people buy it from you for real money.' The best thing you could possibly say about memecoins is that they initially felt like a funny, countercultural way to participate in internet culture. They satirised a financial system that increasingly looked like a silly game to those on the outside. They encapsulated a humorous generational nihilism. According to Sander Lutz, the nation's first crypto-focused White House correspondent: 'You could consider a memecoin to be a stock in a cultural phenomenon – like Dogecoin and the Doge meme.' 'Another way of defining a memecoin,' Lutz said, 'is a cryptocurrency token that has an acknowledged inherent lack of value. The crypto world, outside of memecoins, is full of so many people who are trying to pitch you on tokens that are 'actually really profound' or 'represent a stake' in some kind of 'useful network', but are equally worthless. What makes memecoins different is that there's none of that noise.' In other words, all crypto is bullshit, but memecoins are consciously bullshit. In their essence, memecoins distill the attention economy into a tradable asset, monetising the ebb and flow of viral internet hype. This has created a system in which the biggest attention-seekers on the planet – Logan Paul, Andrew Tate, Elon Musk, Donald Trump – can bleed their followers for profit. The more controversial they are, the more viral they are; and the more viral they are, the more their memecoins increase in value. Last year, some developers performed attention-seeking stunts on livestreams to pump their tokens, leading to animal abuse and a faked suicide. Chase Herro, the co-founder of Trump's main crypto venture, World Liberty Financial, said about crypto: 'You can literally sell shit in a can, wrapped in piss, covered in human skin, for a billion dollars if the story's right, because people will buy it.' Most memecoins end up making money for the person who makes them as a 'rug pull' or a 'pump and dump'. The term 'rug pull' was actually invented by the crypto community, and it works like this: First, you mint a memecoin, and make sure that you and your mates own most of the liquidity pool (the total number of coins in circulation). The size of the liquidity pool – the amount of that memecoin that 'exists' – is, like everything else in memecoins, a totally made-up number. Second, you generate hype around the coin by convincing people it will 'moon' (shoot up in value). This usually involves getting a celebrity, influencer or the president of the US, to promote it. People then buy the coin, thinking it will be a good investment. Law of demand means that as people buy it, the 'value' of the coin goes up, and since you and your mates own the lion's share, you get richer. Then, at a time known only to you, the creator of the coin, and other insiders, you 'pull the rug', selling off all your stock at the newly high price. You make money, and the value of the coins bought by the masses you manipulated shoots back down to zero. It's basically a way to just trick people into giving you money, dressed up as an 'investment'. A 'pump and dump' is pretty much the same thing, but with the slight caveat that you're doing it with a coin that already exists, rather than creating your own. You buy a cheap coin, 'pump' its value by hyping it so others invest, then 'dump' all your stock, selling it off at a huge profit and causing everyone else to lose their money. 'It's provably negative sum,' Gerard told me. 'The only way you get money is by other people losing money.' The only people really getting rich off memecoins are influencers and their crypto enablers (people like Herro, or Hayden Davis, the guy who helped launch Argentinian president Javier Milei's memecoin and was involved in Melania Trump's memecoin). Despite this, the idea that trading memecoins is a good way to get rich persists on the internet. Is it theoretically possible for someone like you or me to invest at just the rich time and get rich off a coin? Just as with traditional gambling, there are a tiny number of success stories, such as people like the 'Moo Deng whale', who turned $800 of Moo Deng coin (a memecoin referencing the viral pygmy hippo of the same name), into $10m. But only 0.4% of (the main memecoin trading platform) traders have made more than $10,000. About 0.002% have made more than $1m. Lutz told me: 'There are a select number of people who've made quite a lot of money on these tokens, but they tend to be the same people. They tend to be people who are very well-connected, who are in specific group chats, and who have a lot of existing capital.' 'You'll always have more people losing than amounts of winners,' according to Gerard. 'And the winners never shut up, so you think it's a winning environment.' One of the main reasons people keep falling for these coins is that they think they've figured out the scam and invested early, before the rug pull or the dump. But this is never really the case. According to Gerard: 'Crypto has been an ever-escalating series of get-rich-quick schemes, where a whole bunch of people think that they're smarter operators than the previous operator, and generally they're not.' Memecoin traders will often be invited to Discord and Telegram chats that are sold as 'insider channels' where, according to Gerard, 'they think they'll hear about these scams before the rug is pulled – but actually they're the suckers. Crypto is full of people who think they're the scammer, not the sucker.' Despite all this, many people – especially young men – continue to invest in memecoins. Forty-two percent of men and 17% of women aged 18 to 29 have invested in, traded or used crypto, according to a 2024 Pew Research Center study, compared to only 11% of men and 5% of women over 50. 'It's no accident that memecoins are such a phenomenon among young people who have grown immensely frustrated with a financial system that, I think it's fair to say, has failed them,' Lutz explained, 'and where supposedly sure investments aren't likely to give them returns that would give them the quality of life their parents had. Memecoins are nakedly meaningless, but there are many financial products, both in crypto and in the world of traditional finance, that may profess to have meaning, but at their core may be nearly as meaningless to young people.' This, too, is why memecoins have become popular with far-right, manosphere influencers and their fans. 'It's undeniable,' Lutz said, 'that the trend in memecoin popularity among younger people – in particular young men – is part of the same trend where you're seeing a loss of trust in institutions and a loss of confidence that traditional paths to success work out.' 'These are the same tenets that have brought young men into the fold of the Maga-verse or to influencers like Andrew Tate. There's overlap between them because they both stem from the same frustrations affecting so many young people, in particular young men, who feel more anger, bitterness, disillusionment and nihilism than a generation ago.' Some people don't even seem to care that they're being scammed, according to Lutz. 'It's remarkable to see the culture in these ecosystems, because someone will rug-pull a project – what you would consider to be a scam in that they're running you out of the money – but that's kind of an accepted practice and people are like, 'Hey, good for them, I got screwed over, on to the next one.'' 'There are too many cases to count of people who've lost their entire savings gambling on new coins. If you're a gambler at a casino, there's Gamblers Anonymous and an existing infrastructure to deal with people who are addicted to gambling. At casinos you have 'no play' lists in compliance with existing laws. There's no existing infrastructure to aid people who lose all of their savings on memecoins.' Some memecoins try to claim that they're more than just high-stakes gambling, in order to ensnare more willing buyers. These coins are often accompanied by the false promise of some kind of utility, be it 'roadmaps', 'airdrops' ( free tokens given out for marketing purposes), off-chain value mechanisms, games where you can 'spend' the coins, and various incomprehensible frameworks using the coin to vote or create some sort of ecosystem. The utility almost never materialises. $Batman coin promised to integrate 'entertainment, gaming, and real-world utility'. Logan Paul's $ZooToken supposedly allowed buyers to play a Pokemon-like game which never worked. The exception, the one memecoin to offer a tangible benefit in the real world, is the one sold by the president. On 17 January, three days before his second inauguration, Trump launched his own memecoin, $Trump. At the time of writing, the coin's market cap is over $2.5bn, spurred on by Trump offering a dinner and White House tour to the top owners of the coin, which took place last weekend. Unlike other memecoins, it offered something concrete: access to the president. This made its value soar. Right now, only 20% of the token's total 'supply' is currently in circulation. The remaining 80% is supposedly held by Trump and his business partners. Trump and his business partners are supposedly only allowed to sell off their holdings in $Trump when they are 'unlocked' in tranches over time, according to their own made-up rules. As Gerard puts it: 'They own the fake money, but they can't sell it until it's unlocked in tranches. Note that the limits are artificial. I mean, they could just 'print' more.' But already, '58 wallets have made over $10m each from President Donald Trump's meme coin, totaling $1.1bn in profits', while '764,000 wallets of mostly small holders have lost money on $TRUMP', according to CNBC. Gerard said: 'A lot of his own fans bought the coin. They thought it would be a fabulous success because Trump is a 'business genius'. He ripped off his own fans. 'The coins' creators and original sponsors get free $Trump coins and they can dump those on the market at will every time a tranche is released. And they do. And are people ever going to make money on those $Trump coins they bought? Probably not. The money goes to the Trump family, and that's the direction it was created to make it go in. So yeah, it's a memecoin dump. He's just dumping the coins on the suckers and it's a textbook case.' Trump and his business partners also profit in transaction fees every time $Trump is traded, so far earning $100m. Whether this is all legal or not is up for debate, but soon after launching his own memecoin, Trump replaced the head of the regulator responsible for memecoins, the SEC, with a pro-crypto appointee. Lutz said: 'In the last few months, the SEC has either dismissed or withdrawn all of its crypto-related lawsuits against every big crypto company in the United States and closed all of its investigations. I mean, the SEC is hosting roundtables almost every week with crypto companies, asking how it can be more helpful to the industry.' Trump has also enthusiastically supported a legal framework for stablecoins. Stablecoins are theoretically stabilised in value by being 'pegged' to the value of another asset like the US dollar, but in reality have often become 'de-pegged' and therefore unstable. Right now, the Stable Bill and the Genius Bill, which reference Trump calling himself a 'stable genius' in 2018, are trying to make their way through Congress. They pave the way for the US government to use stablecoins to pay everything from housing grants to social security payments. And Trump himself just so happens to have a stablecoin of his own – through the World Liberty Financial company – which would shoot up in value if these bills pass, earning his family trust potential billions. The Trump family has a claim on 75% of net revenues from World Liberty's token sales. 'It is absolutely the government's job to stop mis-selling of investments – that's why ordinary retail mums and dads cannot buy into binary options,' Gerard said. 'It's absolutely open slather for crypto in the US now. This is really bad. A lot of people are going to get skinned. It's going to be terrible.' Is there any cause for hope? According to Gerard, while it may appear everyone is investing in memecoins, this is mainly exaggerated by the media. Sure, lots of young people have dabbled, but only the real crypto geeks are actually buying the things. 'The good news is most people are not falling for it. And our evidence for this is the retail dollar trading volumes at Coinbase, the largest crypto dollar exchange. Coinbase happens to be a public company so that means they have to give accurate numbers to the SEC. So they disclosed their retail trading volumes. They're down 17% in the first quarter of 2025 from where they were in December 2024. They've gone down with the Trump coin regime. That gives hope.' As far as my own memecoins go, even the Tate fans who invested appear to have become aware of the scam they fell for. Shortly after the stream went dead, I received an email from a Tate follower titled: 'MATT SHAE WE NEED YOUR HELP.' He, along with other Tate fans, claimed they were victims of Tate rug-pulling them. They wanted me to help spread awareness of their community's plight – by publicizing a new memecoin they had minted called $RRT (Real Rugger Tate). I didn't write back.
Yahoo
a day ago
- Business
- Yahoo
1 Volatile Stock to Own for Decades and 2 to Keep Off Your Radar
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains. This unpredictability can shake out even the most experienced investors. At StockStory, our job is to help you avoid costly mistakes and stay on the right side of the trade. That said, here is one volatile stock with massive upside potential and two that might not be worth the risk. Rolling One-Year Beta: 2.07 With fabs representing the company's largest customer type, Entegris (NASDAQ:ENTG) supplies products that purify, protect, and generally ensure the integrity of raw materials needed for advanced semiconductor manufacturing. Why Do We Steer Clear of ENTG? Customers postponed purchases of its products and services this cycle as its revenue declined by 4.5% annually over the last two years Sales are projected to be flat over the next 12 months and imply weak demand 8.9 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position Entegris's stock price of $78 implies a valuation ratio of 20.6x forward P/E. To fully understand why you should be careful with ENTG, check out our full research report (it's free). Rolling One-Year Beta: 1.16 Formerly called The Ohio Ball Bearing Company, Applied Industrial (NYSE:AIT) distributes industrial products–everything from power tools to industrial valves–and services to a wide variety of industries. Why Are We Cautious About AIT? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Projected sales growth of 5% for the next 12 months suggests sluggish demand Free cash flow margin has shown no improvement over the last five years At $227.43 per share, Applied Industrial trades at 21.3x forward P/E. Dive into our free research report to see why there are better opportunities than AIT. Rolling One-Year Beta: 1.23 Pioneering treatments for a devastating childhood muscle-wasting disease that primarily affects boys, Sarepta Therapeutics (NASDAQ:SRPT) develops and commercializes RNA-targeted therapies and gene therapies for rare genetic disorders, primarily Duchenne muscular dystrophy. Why Will SRPT Beat the Market? Annual revenue growth of 51.3% over the past two years was outstanding, reflecting market share gains this cycle Earnings per share grew by 38.8% annually over the last five years, massively outpacing its peers Negative free cash flow margin has improved over the last five years, showing the company is one step closer to financial self-sufficiency Sarepta Therapeutics is trading at $38.78 per share, or 3.8x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
