3 Stocks That Could Turn a $100,000 Portfolio Into $1 Million Sooner Than You Might Think

In this volatile 2026 market, with tariffs shaking supply chains, AI exploding everywhere, and critical minerals in hot demand, savvy investors are hunting asymmetric bets that could deliver life-changing returns. Canadian stocks with rock-solid fundamentals are screaming buy right now, especially if you’re building a TFSA for the long haul.

Here are three such stocks I think can take a $100,000 investment today toward the seven-figure range over the course of the next decade or two. These are all stocks I’m looking at investing in for my own portfolio, and I think are worth considering for most investors with a long-duration time horizon.

The Metals Company

My top pick for investors seeking an asymmetric small-cap stock with major-league upside, The Metals Company (NASDAQ:TMC) has been on quite the run.

Now, that positive momentum has slowed of late. But I do think at these lower levels, this top deep-sea mining play is one worth considering.

Indeed, I think this stock has much more than 10 times growth potential over the long term – that is, if my underlying thesis plays out. That’s because The Metals Company is pioneering nodule extraction from ocean floors, loaded with nickel, cobalt, and manganese. These are battery metals screaming higher amid EV and grid storage booms.

Despite a surge in the company’s share price of more than 500% over the past year, this has been a very volatile name. It’s also a stock that’s down more than 50% from its recent peak, highlighting how this volatility can work in both directions.

But with plenty of cash on the sidelines to support its commercialization efforts, and that deadline upcoming (late-2027 is when TMC expects to start production), this is a stock I think should provide investors with incredible growth over the long term. I’m considering getting in on dips like this, and I think investors will want to at least do their homework on this speculative name before it takes off again.

Shopify

E-commerce powerhouse Shopify (TSX:SHOP) really needs no introduction among Canadian investors.

The e-commerce platform provider has morphed into an absolutely impressive cash flow machine in recent quarters. In fact, this past year, gross merchandise volume hit $375 billion, with free cash flow topping $2 billion and margins pushing 18%. That’s because AI tools like Sidekick supercharge merchants and create the kind of “stickiness” that all software-as-a-service companies are after.

Now trading at less than 65 times forward earnings (one of the cheapest multiples this stock has seen in years), Shopify is clearly not the cheapest growth stock in the market. But with investors willing to pay a premium multiple for this company’s long-duration growth trajectory, I think this multiple more than makes sense right now. That is, if Shopify can continue to grow its top and bottom line at an above-market rate for the long term.

With a sticky consumer base providing a solid moat, and a $2 billion buyback program signalling Shopify’s conviction in its future prospects, I think there’s plenty to like about this stock at its current valuation today.

Kinaxis

Finally, we come to Kinaxis (TSX:KXS), another top growth pick of mine for some time.

Supply chain chaos from tariffs could lead companies of all sizes to seek out solutions to manage through this period of time. As it happens, Kinaxis is the AI fix investors need. This SaaS leader’s RapidResponse platform integrates real-time planning, powering 1,200 clients like Ford and P&G with 95% retention. Importantly, Kinaxis’ revenue growth rate is on a tear, surging 15% year-over-year this past quarter, supported by robust EBITDA margins at 28%, as AI integrations promise growth acceleration ahead.

At a $5 billion market cap, this is what I’d consider a dirt-cheap stock, given Kinaxis is now trading at 23 times forward earnings versus 40 times multiples historically. With the company’s backlog ballooning 25% last quarter, bookings up 30%, and zero debt (but $400 million cash for tuck-ins), this is a stock long-term investors need to think about.

As deglobalization spikes demand for resilient chains, Kinaxis’s 80% gross margins and 110% net retention make it recession-resistant. That’s the kind of asymmetric growth opportunity I like right now.

The post 3 Stocks That Could Turn a $100,000 Portfolio Into $1 Million Sooner Than You Might Think appeared first on The Motley Fool Canada.

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More reading

• 3 Canadian Stocks Ready to Surge in 2026
• 2 Canadian Growth Stocks Supercharged for a Breakout
• Could This $125 Stock Be Your Ticket to Millionaire Status?
• 2 Stocks That Could Turn $100,000 Into $1 Million
• 3 Canadian Growth Stocks I’d Add to Any TFSA in 2026

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Kinaxis. The Motley Fool has a disclosure policy.