Will This Stock Really 120X?

Jim Rickards is out with a new presentation where he claims he found a stock that can gain over 12,000% in just a year, but won't tell you the name of the stock unless you pay him $5,000. However, I sat down and watched the hour-long presentation and was able to figure out the stock based on the clues in the presentation. In this video, I'm not only going to show you how I figured out the stock and reveal it for free. Most importantly, going to tell you whether or not this stock is a buy. But, before we do anything, let's look at Jim's recent track record to see how good he is. He recommended GEO space technologies in June 2025 and the stock was doing well, but it's down overall. At the same time, he pitched TGS and the stock is doing well. And again in June 2025, he said to buy Mine Technology, but it's down overall. In November 2025, he pitched Core Mining and while it's been volatile, it is up overall. Now, let's figure out the stock in Jim Rickards' new presentation. The entire presentation is built around the idea that autonomous warfare is about to become one of the Pentagon's biggest spending priorities. Rickards says, "A relatively small autonomous warfare program is potentially going from roughly 226 million to 54. 6 billion." Which he describes as 240 times more money. Calls this almost a seventh branch of the military. Arguing that drones have completely changed modern warfare because relatively cheap systems can destroy equipment costing millions of dollars. And that leads to the investment pitch. Rickards says his system is currently detecting unusual buying activity in what he calls a little-known manufacturer of autonomous drones. But, the biggest part of the thesis is counter drone technology. Rickards argues that America simply can't continue using multi-million dollar missiles to destroy inexpensive drones. And says this mystery company is becoming a major player in systems designed to take out enemy drones much more cheaply. And Rickards believes the Pentagon could be preparing to give this company a much larger contract. There are a few more clues that make the mystery stock easier to identify. Record says the company developed the first autonomous drone platform approved by the FAA. Second, the company has been extremely aggressive with acquisitions. According to the presentation, it has already absorbed 11 different companies, including one connected to Pentagon's drone dominance initiative. And finally, the pitch says the company is still relatively small despite all this growth, which is why Richards believes even one major Pentagon contract could potentially have an outsized impact on the stock. I'm going to reveal the stock in 15 seconds, but before I do, I want to tell you about my free report on the top 10 stocks to buy and hold right now. These are companies I believe have the best mix of strong long-term potential and growth. When you're done watching, click the link in the description, enter your email, and I'll send it right to your inbox. The stock being pitched here is Ondas, ticker ONDS. However, figuring out the stock is only half the battle. Now we have to actually figure out if it's worth buying, and to do that, we're going to start with what this company actually does. Ondas Holdings is a defense technology company focused on autonomous drones, counter drone systems, surveillance, and military robotics. The company has expanded rapidly through acquisitions and is building what it calls a system of systems, combining air, ground, and high-altitude autonomous platforms. Today, the investment story is much more about defense, autonomous systems, than Ondas' original wireless business. Ondas owns several defense and drone businesses. Aerobotics and American Robotics provide autonomous drone platforms used for surveillance and infrastructure monitoring. Sentrix specializes in counter drone technology that can detect and disable hostile drones. Mistral gives Ondas exposure to US military programs, including a major Army contract for lethal unmanned systems. Design Technologies is now one of the company's more important assets adding autonomous aircraft, ISR systems, and counter drone technology. Anduril has expanded into high-altitude surveillance through WorldView and critical infrastructure inspection through Cyberhawk. Overall, Anduril is trying to become a diversified autonomous defense technology platform rather than relying on one drone product. Now, let's look at the good, the bad, and the ugly of this company. Now, let's get into the numbers because this is where the story gets interesting. Anduril generated about 50.7 million in revenue during all of 2025. Then in just the first quarter of 2026, revenue reached approximately 50.1 million. So, the company nearly generated its entire 2025 revenue in just one quarter. Management is now targeting at least 525 million in revenue for 2026. That's obviously enormous growth, but there's an important catch. A lot of that growth is coming from acquisitions. Of the roughly 46 million increase in first quarter revenue, about 35 million came from companies Anduril acquired after the first quarter of last year. So, I wouldn't look at Anduril and say the existing business suddenly grew more than 1,000%. Management has raised a huge amount of money, bought several defense companies, and is now consolidating the revenue. This isn't necessarily a bad strategy, but acquisition-driven growth deserves to be viewed differently than organic growth. One of the things I do really like about Anduril is the amount of real business starting to appear behind the story. At the end of 2025, backlog was around 68 million. For the first quarter of 2026, pro forma backlog had grown to approximately 457 million. The company has also continued announcing new defense orders. Mistral participates in a US Army contract worth up to 982 million dollars, and Anduril recently announced another one would be worth more than 50 million under that same program. So, now we're not just talking about partnerships, demonstrations, or letters of intent. There are real military orders coming in. And that's one reason I take Anduril more seriously than a lot of smaller drone stocks. The profitability numbers need some explanation. Anduril reported 361 million in first quarter net income. At first glance, that makes it look like the company suddenly became extremely profitable, but it's misleading. Most of the reported profit came from a roughly 390 million non-cash accounting gain related to the value of warrants. So, I would completely ignore the headline net income number when evaluating the underlying business. Adjusted EBITDA was still a loss of around $11 million, and operating cash flow was negative by roughly 51 million. Management currently expects the autonomous systems division to reach adjusted EBITDA profitability around 2027, with overall company targeting adjusted EBITDA profitability around 2028. So, this is still very much a growth company rather than a profitable defense contractor. The balance sheet is actually one of the stronger parts of the company. At the end of the first quarter, Anduril had approximately $1.48 billion in cash, restricted cash, and short-term investments. That's an enormous amount of liquidity relative to its current revenue. But, there's an important reason the company has so much money. Anduril has raised a massive amount of capital by issuing stock. In January alone, the company raised roughly 959 million net from a stock and a warrant offering. So, the company has plenty of money to fund acquisitions and expansion. The question is what existing shareholders had to give up to get it. And that brings us to probably my biggest concern with Anduril. At the end of 2024, the company had roughly 93 million shares outstanding. Today, the number is closer to 570 million. This is an enormous increase in the share count. The Design acquisition alone added 85 million new shares. There are also a significant number of outstanding warrants and other potentially issuable shares. Now, some of those warrants have much higher exercise prices, so I wouldn't assume all the dilution happens immediately. But existing shareholders have experienced massive dilution. So management now needs to create enough value from these acquisitions off set the fact that each individual share represents a much smaller percentage of the company than it used to be. In valuation, is when I'd become more cautious. Ondas currently trades around a 5 billion plus market capitalization. Management expects at least 525 million in 2026 revenue. That puts the stock roughly 10 times projected sales. For a company growing this quickly, that multiple isn't even ridiculous. But remember what you're paying for. Ondas isn't profitable yet. A large portion of its growth is acquisition driven. The company has issued a huge amount of stock and management is trying to integrate several different businesses at the same time. So I don't think this is a cheap stock anymore. The market is already pricing in a lot of future success. Now, let's go to the scorecard. For defense opportunity, I give this a 9.5 out of 10. Ondas is positioned in some of the fastest growing areas of modern defense, including counter drone systems, autonomous weapons and surveillance. Revenue growth, we'll give a 9 out of 10. The growth rate is incredible, although acquisitions are responsible for a large portion of it. Backlogs, we'll give a 9 out of 10. This is one of the strongest parts of the company. Ondas is increasingly winning real military business rather than just announcing partnerships. Technology portfolio, we'll give 8.5 out of 10. The company now owns a broad collection of autonomous and defense technologies across drones, counter USAAS, ISR and ground systems. Balance sheet, we'll give it 8.5 out of 10. Ondas has a large amount of liquidity and should have plenty of capital to fund its expansion. Profitability, we'll give a 4.5 out of 10. The underlying business is still losing money and the headline first quarter was mostly caused by accounting adjustments. Dilution, 3.5 out of 10. This is easily one of the biggest negatives. The share count has increased dramatically. Valuation, we'll give a five out of 10. I don't think this stock is cheap at roughly 10 times projected 2026 revenue, especially considering the acquisition risk and lack of profitability. Overall risk, a five out of 10. There is a huge opportunity here, but there is also major execution, valuation, and dilution risks. So, overall, I give Ondas a 6.8 out of 10 and rate it a speculative hold. I like the defense opportunity, rapid revenue, and growing backlog, but the valuation, massive dilution, and acquisition risk keep me from becoming more bullish. If Ondas can turn this growth into real profitability without continuing to heavily dilute shareholders, I could eventually move this into the buy category. And before you go, don't forget to grab my free report on the top 10 stocks to buy and hold right now. These are companies I believe offer the best combination of long-term growth potential and strong underlying businesses. Just click the link in the description, enter your email, and I'll send the full report straight to your inbox.