Two Stocks That Could Double From Here
- Posted by Joe Fahmy
- on September 10th, 2013
I love searching for potential big winners in the stock market. I’ve spent years studying the characteristics of past big winners and I use the same criteria to find the next possible big movers. Some of the things I look for include earnings and sales growth, profit margin expansion, short interest, sector strength, institutional sponsorship, option activity, and other intangible factors.
Two stocks that have the potential to move significantly higher from here are $NQ and $YELP. I’m not going to bore you with all the details, mainly because I like to encourage people to do their own work and make sure any idea they read about fits their own investment philosophy. A few things I will say is that both of these stocks have great fundamental stories and very strong technical charts.
I tweeted about $YELP last week when it was in the low 50′s. It made an explosive 20% move in a few days and has held up very well since. It could pullback over the short-term, but if you have a longer term view of 6-12 months, I wouldn’t be surprised to see the stock in the $100-120 range by then.
$NQ has a very strong technical chart and explosive earnings and sales growth. It’s a great way to play the mobile growth in China. It closed today (9/10/13) at $17.88 and I think this could be a $40+ stock within the next 6-12 months.
ONE FINAL NOTE: I don’t know anyone’s timeframe, risk tolerance, or investment objectives. These are simply ideas that I feel can go higher over the next 6-12 months if the market cooperates. In other words, don’t ask me to hold your hand through a trade. Have a plan, and have some confidence and conviction in what you are doing. As always, if a trade moves against you, have a stop in place to protect your portfolio. Good luck trading!
I can be reached at: [email protected].
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Joseph Fahmy is the managing director at Zor Capital, LLC, a New York based investment management firm. Joe has over 17 years of trading experience...More »