The stock market is known for its unpredictable nature, but its consistent historical performance makes it the most promising avenue for financial growth. It surpasses other investment options like gold, real estate, bonds, and oil, establishing itself as the finest means of building intergenerational wealth.

Thankfully, the financial world has evolved to a point where making money in the stock market no longer requires significant capital. Barriers to entry have disintegrated, and the cost of buying or selling shares is inconsequential. This means that even with just $10, you can identify stocks with potential and experience substantial success. The key is to make informed choices and embrace a long-term investment strategy.

So, if you have $10 to invest, in addition to funds set aside for bills and emergencies, consider investing in these three companies right away.

Joby Aviation (JOBY)

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Electric flying taxis, once a figment of science fiction, are now on the brink of reality and Joby Aviation (NYSE:JOBY) stands at the forefront of this revolution. An industry leader in the electric vertical takeoff and landing (eVTOL) space, Joby has been actively developing and testing aircraft. Additionally, the company has secured compliance with many of the Federal Aviation Administration’s (FAA) regulations pertaining to eVTOL players.

Notably, the FAA has been facilitating, rather than impeding, this novel form of flight, working alongside Joby and other eVTOL entities to devise safety standards while fostering innovation. Supported by the likes of Toyota, Delta Air Lines, and Uber, Joby aspires to be the Uber of the flying taxi industry.

However, investing in JOBY stock carries inherent risks. The company is yet to launch a product, service, or produce revenue. It exists as a developmental stage company striving to carve a niche in a non-existent industry. Nevertheless, Joby enjoys substantial financial backing from firms that believe in its potential. For investors comfortable with risk, this could be an intriguing stock to consider for a modest $10 investment.

Melco Resorts & Entertainment (MLCO)

Source: Shutterstock

Once the unrivaled gambling capital of the world, Macau, China, bore the brunt of Covid with severe lockdowns that ravaged the casino industry. However, Melco Resorts & Entertainment (NASDAQ:MLCO) is poised to rise from the ashes.

Following prolonged travel restrictions imposed by Beijing, the casino landscape underwent a significant transformation. Formerly reliant on affluent VIP gamblers, casinos shifted their focus to the mass market—ordinary tourists from the mainland and other regions.

Despite challenges in year-over-year comparisons owing to travel constraints, Melco is gradually rebounding. Its year-to-date total operating revenue of $2.2 billion dwarfs the previous year’s $726.7 million. The casino reported $100 million in operating profits, a stark contrast to the $345 million loss a year prior. While Melco is lagging behind in net profitability compared to peers, substantial long-term growth is anticipated.

The company’s greatest strength lies in its highly profitable premium mass market. With ongoing projects, including the construction of two new hotel towers, Melco Resorts is poised to reassert itself as a premium destination for gamblers flocking to Macau.

Warner Bros Discovery (WBD)

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Warner Bros Discovery (NASDAQ:WBD) has encountered its fair share of challenges since going public. Its shares have plummeted in recent times. However, the company holds significant potential for growth, especially given its recent merger.

Warner Bros Discovery: A Phoenix Rising from the Ashes

Joint Venture with Disney and Fox

Warner Bros Discovery, a company that has seen a third of its value evaporate over the past year, is currently in the throes of a pivotal transformation. The entertainment entity recently unveiled a momentous stride by entering into a sports streaming joint venture with Disney (NYSE: DIS) and Fox (NASDAQ: FOX) (NASDAQ: FOXA). This groundbreaking collaboration is set to materialize this fall, consolidating 14 sports networks and various sports leagues into a singular destination.

While specific financial particulars remain under wraps, Fox has intimated that the joint venture will not serve as a substitute for pay-TV subscribers but rather, is geared to cater to the 50% of households that eschew traditional pay-TV services, ripe with untapped potential. This pioneering move is designed to address the needs of these heretofore untapped “cord never” households, presenting Warner Bros Discovery with a lucrative, low-risk opportunity.

Beyond Streaming: A Diversified Portfolio

Despite the market’s fixation on its streaming prospects, Warner Bros Discovery is more than just about its foray into the streaming arena. The company is grounded by thriving movie studios, broadcasting subsidiaries, and an extensive distribution network. Even as the movie industry grapples with a paradigm shift in the wake of the global pandemic, Warner Bros Discovery’s stock is poised to gain from its capacity to generate substantial cash flows, preserving its relevance and resilience amidst industry-wide turmoil.

A Value Proposition for Investors

As the dust settles in the equities market, Warner Bros Discovery’s shares emerge as beacons of prospect, trading at strikingly discounted prices. With valuations resting at a mere fraction of its sales and book value, the company boasts an alluring price-to-free cash flow ratio of just 4, cementing the appeal of its stock. Amidst this backdrop, Warner Bros Discovery stock is an enticing proposition, ripe for acquisition and poised to yield long-term returns.

On the date of publication, Rich Duprey held a LONG position in WBD stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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