InvestorPlace’s Will Ashworth recommends three stocks with the potential to double returns by 2024, despite acknowledging the unpredictable nature of the market and past miscalculations.
Key Points
- In a bold forecast, three stocks: DraftKings (NASDAQ: DKNG), Symmetry (NASDAQ: SYM), and Betterware (NASDAQ: BWMX), are identified as potential candidates for 100% returns by 2024.
- Despite previous predictions not materializing, the author leverages data from Finviz.com, noting that 70 stocks have doubled in the current year, with the selected three showing significant promise.
- DraftKings, with a 165% increase year-to-date, has gained a competitive edge in the U.S. online gambling market, surpassing FanDuel in market share.
- Symmetry, lauded for its eco-friendly and sustainable business model, appeals as a timely investment, aligned with contemporary consumer consciousness and environmental advocacy.
- Betterware, a direct sales company, demonstrates robust financial health, with its acquisition of Jafra Cosmetics contributing significantly to revenue and an optimistic financial outlook projected for 2024.
Key Insight
Amidst market uncertainties and potential economic downturns, certain stocks exhibit resilient growth and innovation-driven strategies, positioning them as lucrative investments for potentially doubling returns.
Why This Matters
In an era of economic unpredictability, identifying stocks that not only withstand market volatility but also possess the potential for exponential growth is crucial for investors. These recommendations, backed by thorough analysis and current market trends, offer insights into investment opportunities that balance risk with significant potential rewards.
Notable Quote
“DraftKings’ ability to reel in FanDuel speaks to a company that is stepping away from squishy narratives and harnessing the power of more focused, disciplined execution,” an industry consultant emphasizes, highlighting the strategic prowess of the company.
