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1 Incredible Growth Stock to Buy With $1,000 Right Now

If you like growth stocks, you'll love this company.

By Travis Hoium – Mar 21, 2024 at 5:15AM EST

The sports shoe and apparel business has long been a great growth market, but On Holding (ONON +3.16%) is outgrowing much bigger competitors like Nike (NKE +1.37%). And the stock is looking cheap given the valuation and management's lofty growth expectations.

*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 20, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in On Holding. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends On Holding and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

On Holding Stock Quote
On Holding
NYSE: ONON
$39.19
(+3.16%)+$1.20
Nike Stock Quote
Nike
NYSE: NKE
$54.72
(+1.37%)+$0.74
Deckers Outdoor Stock Quote
Deckers Outdoor
NYSE: DECK
$101.55
(+0.76%)+$0.77

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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