2 Stocks to Help Turn $100,000 into $1 Million

Turning $100,000 into $1 million may seem ambitious, but it is mathematically possible. Remember, the journey to a million isn’t a get-rich-quick scheme. You must give your chosen stocks time and the chance to make it a reality.

Achieving the goal in 21 years is realistic, provided the average annual return is 12%. However, given their historical performance, Shopify (TSX:SHOP) and Hammond Power Solutions (TSX:HPS.A) can help reach the objective much faster or in 10 years. Both growth stocks are TSX30 winners.

Shopify won in 2019 (2nd), 2020 (1st), and 2021 (2nd), while Hammond took the top spot in 2024 and then placed 3rd in 2025. Had you invested a decade ago, SHOP and HPS.A would have rewarded you with a total positive return of 6,736% and 4,001.5%, respectively.   

The extreme gains are compelling reasons to invest $50,000 each in Shopify and Hammond Power Solutions. Unfortunately, a repeat performance from 2026 to 2035 isn’t guaranteed because neither is low risk. Both have strong upside potential, but their risk ratings are from medium to very high.

Rollercoaster  

Shopify has yet to disengage from its rollercoaster image. TSX’s tech superstar and second-largest company by market capitalization ranked high on the TSX30 List for three consecutive years. It lost favour with investors following the 2022 tech crash.

SHOP is back in centrestage in 2025 after reporting impressive revenue growth and sustained profitability in the first and second quarters. The $304.2 billion all-in-one e-commerce platform even unseated the Royal Bank of Canada briefly in June this year as the TSX’s most valuable company.

As of this writing, the share price is $233.38. A bright spot is the nine consecutive quarters of double-digit free cash flow (FCF) margins.  Jeff Hoffmeister, Chief Financial Officer of Shopify, said, “We’re not just growing—we’re delivering consistent growth and profitability, quarter after quarter. Q3 was a standout quarter with revenue growth and FCF margins both surpassing our robust Q2 performance.”

Power player

Hammond Power is significantly smaller than Shopify in terms of market cap. However, the small-cap stock has delivered massive gains of 739.2% in three years, a plus-103.2% compound annual growth rate (CAGR). If you invest today, the share price $160.88, with a modest dividend yield of 0.7%.  

The $1.9 billion company is the leading manufacturer of dry-type transformers, including power quality products. Note that Hammond is involved in the electrification of almost everything. A permanent tailwind is the explosion of artificial intelligence (AI) and data centres.

According to its CEO, Adrian Thomas, data centre activity accelerated in Q3 2025, and Hammond received substantial orders. As of September 30, 2025, the total backlog is $384 billion, and 53% of the orders are data centre projects. Data centres need specialized transformers and a massive amount of electricity to run AI chips.

In addition to future earnings visibility, Hammond has ample room for dividend growth because of surging profits. In the first three quarters of 2025, net earnings increased 19% year-over-year to $57 million.

Don’t expect smooth sailing

Shopify and Hammond Power Solutions can help you on your journey to $1 million, although it won’t be smooth sailing. A definite advantage is that they both operate in the AI world. SHOP powers growth across the full spectrum of commerce, while HPS.A provides power infrastructure for data centres.

The post 2 Stocks to Help Turn $100,000 into $1 Million appeared first on The Motley Fool Canada.

Should you invest $1,000 in Hammond Power Solutions Inc. right now?

Before you buy stock in Hammond Power Solutions Inc., consider this:

The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now… and Hammond Power Solutions Inc. wasn’t one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,105.89!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 95%* – a market-crushing outperformance compared to 72%* for the S&P/TSX Composite Index. Don’t miss out on our top 15 list, available when you join Stock Advisor Canada.

See the 15 Stocks #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of November 17th, 2025

More reading

• 1 Canadian Stock to Buy and Hold Forever in a TFSA
• 2026 Could Be a Breakthrough Year for Shopify Stock: Here’s Why
• 2 Growth Stocks That Could Skyrocket in 2026 and Beyond
• The Best Stocks to Invest $2,000 in a TFSA Right Now
• The 3 Most Popular Stocks on the TSX Today: Do You Own Them?

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hammond Power Solutions and Shopify. The Motley Fool has a disclosure policy.