Archer AviationNYSE: ACHR

24/7 Insights With the second quarter coming to a close and the second half just begun, some insiders stepped up to the buy window.

Meme stocks are not all about speculation. There are indeed meme stocks that can deliver 100% to 300% returns in quick time.

One of the best ways to spot smaller opportunities is by tracking small-cap stocks with insider buying. After all, if the company's Chief Executive Officer, Chief Financial Officer, board member, or director is buying, it's a good idea to start looking into why.

One of Wall Street's most prominent fund managers isn't too concerned with Tesla (NASDAQ: TSLA ) these days. In fact, Cathie Wood is turning her attention to a much smaller company in which she clearly sees significant potential.

Archer Aviation achieved Part 135 Air Carrier & Operator Certificate milestone in June, setting up business infrastructure. Signed agreement with Signature Aviation for air taxi services, including installation of rapid charging systems at terminals. Completion of transition flight for Midnight eVTOL unlocked $55 million funding from Stellantis, leading to 8.8% increase in book value per share.

AMSTERDAM & SANTA CLARA, Calif.--(BUSINESS WIRE)--Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies' strategic funding agreement following the achievement of its transition flight test milestone last month. This latest investment builds on Stellantis' serie.

Geopolitical turmoil continues unabated. There is no end in sight for the conflict raging in Gaza, and similar can be said about the Russia-Ukraine war.

Archer Aviation is a strong competitor in the urban air mobility sector, with a 50% market growth potential each year. Intense competition in the industry from companies like Joby Aviation, Vertical Aerospace, Lilium, EHang, and Wisk Aero. But Archer is leading in terms of design and certification progress. Archer's progress in prototype and certification is promising, with plans for commercial flights by 2025 and a valuation of $5.89, representing over 60% upside.

If you are looking for explosive upside potential, it is a good idea to look at some dirt-cheap stocks under $10. There are many companies trading at bargain levels and have significant room for upside going forward as they recover and ramp up production.