5 Stocks Set to DoubleBelow is Zacks’ latest click bait available for $1. Of course that amount is not a problem, but Zacks does have a habit of clogging people’s Inboxes with a barrage of e-mail once you click on anything they send.
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Before word spreads too far, tomorrow morning looks like a great time to buy the following companies:
Stock #1: A Strong Stock in a Soaring Sector
This leading oil and natural gas exploration and production company has more than doubled in the last two years, already adding 35% in the past year in a market where the S&P 500 has gone the other way. It is well-placed to capitalize with demand for oil and natural gas still strong, and is likely to see earnings growth of 78.3% this year.
Stock #2: Solid Outperformance and Decade-Long Highs
Its impressive stock price performance during the past 20 years has crushed the S&P 500. In fact, this health insurance powerhouse is up about 20% over the past 12 months versus the market’s 18% decline. Due to its stable and sustainable business model, alongside strong financial positions, the company is bucking the downtrend and provides fantastic long-term upside.
Stock #3: Huge Potential Reward for Patient Investors
Down in the past year, this $250 million biopharmaceutical company could offer a big reward. It may be near a bottom that justifies a risk/reward bet of 50% downside for potential 200% upside over the next 12-18 months. It also just announced an exclusive option and collaboration agreement potentially worth more than $1.7B.
Stock #4: Top Producer of In-Demand Lithium
The uprising of electric vehicles (EVs) is exciting, with sales doubling and setting a new record in 2021. Sales have continued on a solid uptrend in 2022 leading to the demand for a critical component of EV batteries – lithium. With fully established lithium operations, paired with a long track record of success and a favorable and expanding geographic footprint, this company presents investors a stellar opportunity to profit.
Stock #5: Tremendous Relative Strength in a Weak Market
After a series of earnings beats, this maker of fiber optic management products hit all-time highs, while most stocks suffered their worst performance in a decade. The recent market sell-off brought selling pressure and the stock broke the 50-day moving average. But, the current pullback from highs presents investors an ideal buying opportunity before the next market rally.