Even though growth plays appear to be on the outs, there are several stocks that could double before the year is out. Many growth stocks have tumbled since November. As a result of the “tech wreck” that took place between November and April, investors decided to ignore these companies’ bright futures and sell.
That’s why there are a number of stocks that could double. The macro picture is improving and momentum favors several growth stocks.
The very low valuation of many growth stocks overly discounts macro disasters that are unlikely to occur and greatly underestimates the very positive outlooks and makes these among the most likely stocks that could double this year.
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