The bull market run in 2013 was so strong that some analysts are concerned the gains of October to December might run out of steam in 2014. And indeed, with such big gains last year, the current stock market predictions for this year might be a bit excessive. Still, as the old saying goes, there’s always a bull market somewhere.
With that in mind, 24/7 Wall St. has identified potentially undervalued or underappreciated stocks that could provide investors with handsome returns in 2014. Some of the stocks we’ve featured could even double in value if they live up to their full potential. But, as always, investors beware. None of these companies would pass the suitability for a widows and orphans investing strategy, and it’s even possible that some of these could flop.
Another risk when looking at stocks with the potential to double is that they are almost never your blue chip companies. Most of the companies we selected are either in turnaround or are underappreciated by investors. In order to prevent unlimited risks, investors can use put and call option to hedge their investments.
The list of stocks that could potentially double in price in 2014 includes a mixed bag of companies. We selected a struggling chip maker, a coal leader, a rocket engine player, an oil and gas player, a gold and silver miner, a biotech company, and an alternative energy engine maker. There’s also a company involved in home automation and another in wireless hauling equipment and solutions.
Please note that each of these have been updated since the time of publishing with links to the new or revised outlook based upon earnings or other key developments.
These are the nine stocks that could double in 2014.