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

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

NYSE: ONON

On Holding

Market Cap

$9B

Today's Change

(-1.45%) -$0.46

Current Price

$31.29

Price as of May 1, 2024, 4:00 p.m. ET

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

The sports shoe and apparel business has long been a great growth market, but On Holding (ONON -1.45%) is outgrowing much bigger competitors like Nike (NKE -2.08%). 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.

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.