ONON’s Profit Potential Just Kicked into High Gear

This double-your-money opportunity is just getting started. Here’s why we’re more bullish than ever on the LikeFolio All Star... [Derby City Daily logo]( [Derby City Daily logo]( August 13, 2024 [ONON’s Profit Potential Just Kicked into High Gear]( By Andy Swan Congratulations. LikeFolio All-Star On Holding (ONON) has done it again. The Swiss running shoemaker came out this morning with a record quarter for revenue, which surged by 29% year over year to $653 million – not only beating estimates, but also marking the first acceleration in growth rate in six quarters. Shares are now up 57% year to date... Source: TradingView Those of you who’ve been following Derby City Daily from the start – [when Megan named ONON a favorite pick]( – have seen this once-little-known stock race more than 90% higher. LikeFolio Investor subscribers who acted on our January 2023 trade alert are up an even better 104%, outpacing our initial double-your-money prediction with room to run. It pays to have LikeFolio in your corner. And I haven’t even gotten to the best part. We think this name is just getting started. I’ll show you why today... SPONSORED AD [Silicon Valley Insider: “Don’t buy Apple”]( Apple may be set to roll out their first ever AI device as soon as September 10... But investing in Apple is not the best way to play this... [Make this simple move instead]( Plenty of Market Share up for Grabs On aims to be "the most premium global sportswear brand" with a focus on running. The brand is gaining market share with everyday runners, thanks in part to its performance on the track. For example, Hellen Obiri won the Boston Marathon running in On from head to toe. It’s tapping into local running clubs to help spur adoption – and still has plenty of room for market share capture. As it stands, On accounts for ~10% market share in major cities including Tokyo, Berlin, Boston, and Nashville. This company is still chipping away at the tip of the iceberg when it comes to brand adoption. To give perspective, ONON pulls in roughly $2 billion in annual revenue. Compare that to the behemoth [Nike (NKE)]( which pulls in more than $50 billion. That’s significant room for growth in ONON's favor. Brand Adoption Is Speeding up LikeFolio data suggests On’s brand awareness is rising at a blistering pace. When we look at web visits, a metric that’s indicative of consumer demand, On’s chart is up and to the right. On web visits reached all-time highs in July, besting the growth rate of more established names like [Hoka (DECK)]( Nike, and Brooks. On also boasts an extremely high level of Consumer Happiness. Customers love the comfort of On shoes and like how they look, too. At 80% positive, a full 10 points ahead of sneaker giant Nike, ONON’s positive sentiment puts it in the upper echelon of companies in the LikeFolio universe. Innovations for the Win ONON isn’t resting on its laurels – it’s at the very forefront of athletic shoe innovation. [Olympic viewers]( may have caught a glimpse of ONON's most recent technology if they watched the women's marathon race. Bronze medalist (Hellen Obiri) was sporting a pair of CloudBoom LS. “LS” stands for LightSpray, which is a unique top half of a running shoe, formed by spraying a polymer directly on to the midsole unit of the shoe to reduce weight and create a second skin-like fit. That’s right – On is making spray-on shoes a reality. Innovation like this is promising to see. It proves ONON is approaching footwear differently, with hyper-personalized shoe engineering and even robotics. You can't get this "out of a box." SPONSORED AD [Finally — A No-Hype Video Demonstration on How to Swing Trade for 13.6% Average Gains Every 27 Days]( Tired of long, hype-filled videos about trading and investment strategies? Just want to see a straight-forward, no-nonsense demonstration on how to pull reliable cash flow out of the market? If so, [click here to watch “How to Start Swing Trading for Income in Just 60 Minutes” for a straight-to-the point strategy demonstration](. [Watch it here]( Always Room for Improvement ONON faced a very high bar going into today’s earnings report. And with earnings of 16 cents per share falling short of the expected 19 cents, the reaction on Wall Street was mixed. But we see substantial potential for improvement. The company is actively investing in warehouse automation in the U.S., a move aimed at enhancing scalability and efficiency to meet rising demand while also working to improve margins. Bottom line: Long term, it’s clear that ONON is picking up steam. Accelerating sales in new markets, high levels of Consumer Happiness, and surging brand awareness have us more bullish than ever on this LikeFolio All-Star. Do YOU Own ONON? We Want to Hear from You! Do you own ONON shares? Have you followed any of our ONON recommendations, whether you saw our coverage here in Derby City Daily or followed a trade recommendation in LikeFolio Investor? Then do me a favor – open up an email to contact@derbycityinsights.com and tell me how much has ONON made you so far? It can be gain %, dollar amount, or whatever you feel comfortable sharing. I’d love to hear about it. Being able to share in your wins is why we do what we do. It’s the single best part of this experience. So, please give us a shout at contact@derbycityinsights.com. We’ll keep bringing you more under-the-radar opportunities like ONON. Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Founder, LikeFolio Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [Meet the Disruptors Coming for Google Chrome’s Throne]( ✓ [NVDA at $100 Is a Gift (3 Reasons Why)]( ✓ [LikeFolio Fear Index Update: How to Approach the Market from Here]( © 2024 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](