Though valuations are stretched, I believe the following combination of eight growth and comeback-story stocks have the tools to double your money in 2021. Still, keep these 11 names on your watch list to buy on dips. Current federal laws in the U.S. make it difficult for banks to work with companies in the cannabis industry. Of these open locations, roughly half are located in Illinois. When it comes to inflation, many folks have a dangerous blind spot. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Though the company has historically generated most of its revenue from auto insurance, it's been shifting into new verticals organically and through acquisitions (e.g., the purchase of health insurance agency Crosspointe in early September). Opinion: These unsung investing heroes say 10 overlooked stocks are poised to outperform in 2021 Last Updated: Jan. 2, 2021 at 8:25 a.m. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. What will 2021 have in store? Meet the marijuana stock that has already doubled (and then some) in 2021: Tilray (NASDAQ: TLRY). Instead of opening multiple grow sites, acquiring other businesses, and overextending capacity, OrganiGram has been exclusively focused on Moncton. I’d follow Warren Buffett's advice in 2021. The Federal Reserve has pledged to keep interest rates near historic lows through 2023, and the central bank continues to buy $120 billion worth of federal government debt each month. Alacer owns an 80% interest in the high-yield, low-cost Copler mine. It recently completed a merger of equals with Turkey's Alacer Gold. And Winnebago shares have been heading in the right direction recently, up 15% in the last month to more than double its industry. Stock Advisor launched in February of 2002. Some stocks didn't take long to get moving this year. ET Theoretically, any stock could double in a given year. The 11 Best Growth Stocks to Buy for 2021 Growth stocks cleaned up in 2020, but they could have a rockier 2021. In case you haven't noticed, U.S.-based marijuana stocks are a big theme this year. Warren Buffett: How to Prepare for a 2021 … Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021… Forget gold! Though it's still landing major showroom partners (e.g., Best Buy), the pandemic has shown that Lovesac can successfully operate with minimal overhead on a direct-to-consumer basis. EMAIL. Fiverr focuses on 15 industries that represent a combined annual market of $115 billion globally. Here we discuss three stocks -- QLYS, FTNT, FEYE -- that have witnessed a remarkable run this year and are well poised to generate double-digit returns in 2021 as well. It's very difficult to find safe, inflation-topping returns, which is why physical gold can easily push beyond $2,000 an ounce in 2021. Going back to the full list of 287 stocks held by the Vanguard Consumer Discretionary ETF, here are the 20 that analysts expect to increase revenue the most during 2021. Honeywell International Inc.(NYSE:HON): 2020 saw its share of big stock trends take off. With its market cap only at $7 billion, Fiverr has plenty of room to run. PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable March 4, 2021, to shareholders of record on February 2, 2021. Not only will most major sporting events resume as … Finding a company involved in the cloud that's valued at less than 10 times sales is practically impossible. The more freelancers use Fiverr, the more businesses will be drawn to its platform. Sean Williams (TMFUltraLong) Jan 4, 2021 at 5:51AM Author Bio. That's why he is recommending Honeywell International Inc. (HON), Iridium Communications Inc (IRDM), and Trimble Inc. (TRMB). 3 Stocks That Could Double in 2021 NIO – An effective coronavirus vaccine is looking like a real possibility next year. Three factors should pave the way for the company to grow its number of properties significantly. Even if the stock doesn't double in 2021, investors should start 2022 happy knowing that they own shares in this quality operator. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The climate is right for them to keep winning in 2021. Those in CNBC's survey expect an average 2021 year-end target 4,056, or about a 9.5% gain from current levels. The Motley Fool - These stocks are very different, but they both have huge potential markets and distinct competitive advantages. Third, the Federal Reserve has committed to keeping interest rates very low, which holds down IIP's borrowing costs. Schultz's tenure began in November 2017. EverQuote offers sustainable double-digit growth, yet is valued at less than 3 times forward-year sales. More reading. The Land of Lincoln began allowing recreational weed to be sold a year ago. And these are some great, cheap stocks to buy in 2021. SHARE. £1,000 to invest? IIP doesn't have this market all to itself. Cloudera is also looking out for its shareholders with a $500 million share repurchase program. What's unique about Jushi is the company's focus on the limited license states of Pennsylvania, Virginia, and Illinois. But whatever happens not all growth stocks are created equal heading into 2021. 7 Undervalued Stocks That Could Soar in 2021 The market still has some value if you know where to look By Chris Markoch Dec 21, 2020, 5:31 am EST December 30, 2020 in Economics, Sean specializes in the healthcare sector and investment planning. A limited license state caps the total number of dispensary licenses they issue, or assigns licenses based on a specific territory. Fiverr is definitely attracting both sides. For 2021, many strategists expect another year of double-digit gains. Fiverr offers transparency to buyers of digital services who don't want uncertainty about the quality and price of the work they're paying for. In the October-ended quarter, subscription revenue jumped 18% from the prior-year period. A Fool since 2010, and a graduate from UC San Diego with a B.A. From a macro perspective, the outlook for physical gold has never been better. Snowflake Stock Could Double in 2021 Here's our analysis and trading strategy on the newly minted analytic data warehouse. That's a bargain I suspect won't stay a bargain for much longer. … Fiverr (NYSE:FVRR) didn't just double in 2020. One of the wildest years in stock market history is now in the books. With showrooms closed in certain regions, the company has predominantly shifted its sales platform online. Cresco Labs This digital spend is expected to grow by 16% annually through 2024, and is where EverQuote makes its home. What will 2021 have in store? His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. First, the medical cannabis markets in the states where IIP operates continue to expand. When insiders and investors are on the same team, good things usually happen. appeared first on The Motley Fool Canada. Stock Advisor launched in February of 2002. Further, a record amount of investment-grade global debt recently boasted a negative yield. Thanks to the COVID-19 pandemic, companies and individuals are embracing remote work more than ever before. The stock skyrocketed 730% and went even higher before a slight pullback in the last week of December. 5 UK shares I’d pick to double my money in 2021. In these deals, medical cannabis operators sell their properties to IIP. It could be harder for stocks to keep climbing. Brand-name and generic-drug developer Teva Pharmaceutical Industries (NYSE:TEVA) is a logical choice to bounce back in a big way in 2021. Stocks have gone up so much this year that all of 2021's good news may be priced in and then some. 4 Red-Hot Growth Stocks That Should Double In 2021 These companies are likely to keep growing as we put the Covid-19 pandemic behind us By Joel Baglole Dec 23, 2020, 12:05 pm EST December 23, 2020 ... already at 17%, will almost double by 2050. By BRUCE KAMICH Dec 04, 2020 | 08:10 AM EST. But one pot stock just pulled it off in only two weeks. Since the start of this first trading week of 2021, all three are up double digits, an upward trend that began in November of 2020. Real Money contributor Alex Frew McMillan discusses five Asian stocks that should reward enterprising investors in 2021 who delve beyond Alibaba. However, it's the biggest and best-known player. Though Canadian marijuana stocks have been an awful investment up this point, OrganiGram has a couple of unique advantages that could allow it to surprise Wall Street in a big way in 2021. Sentiment is on the rise as the annus horribilis 2020 winds to an end. While it's rare to see a mining stock double in a single year, SSR has a confluence of factors that could allow a triple-digit gain to take place. Traditionally, gold and silver stocks rocket higher in the early stages of an economic recovery, implying that this is SSR's time to shine. At less than 4 times forward earnings, I'll be looking for a serious rebound in 2021. Market data powered by FactSet and Web Financial Group. But one intriguing name slipped through the cracks: Cloudera (NYSE:CLDR). I'd buy dirt-cheap shares now and hold them forever. It's a real estate investment trust (REIT) focused on the U.S. medical cannabis industry. But the even more exciting growth segment for Cresco is its wholesale division. 2 Stocks That Could Double Your Money in 2021 Both of these businesses prospered even during a volatile year -- and the coming months could be even more impressive. It seems like there are multiple drivers for pot stocks to crush the broader market this year. To keep things short and sweet, Teva's been clobbered in recent years by a bribery settlement, its association with the opioid crisis, and due to allegations of generic-drug price-fixing. It's a simple platform for consumers to quickly price-shop for insurance without filling out a mountain of forms, and it's an efficient way for insurers to land motivated consumers. Still, keep these 11 names on your watch list to buy on dips. ET This report reveals the 7 stocks … With growth stocks fetching crazy valuations, a focus on value may be a smart strategy. (In other words, dividend stocks that’ll double while investors are fixated on deflation.) These newer verticals have been growing at a much faster pace than its traditional insurance segment, and they've been responsible for EverQuote regularly upping its full-year sales forecast. 20 Dividend Stocks That Could Double In 2021. Why Is Everyone Talking About Innovative Industrial Properties Stock? Top British stocks for January 2021. Innovative Industrial Properties (NYSE:IIPR) is another stock that more than doubled last year, with its shares vaulting 141% higher. They are now still at 13%, about double pre pandemic rates. Despite more than quadrupling in value over the trailing six months, vertically integrated multistate operator Jushi Holdings (OTC:JUSHF) gets my nod as a candidate to double. There was … Source: Fred. The double … Having just one site allows it to be more nimble with regard to cost-cutting, production, and product mix. While it's possible we see some modestly eased restrictions on marijuana from the federal government, Cresco simply needs state-level legalizations and organic growth to thrive. 1 COVID-19 Stock I'd Buy After Christmas. S quare: This company can't be boxed in. 10 Stocks That Could Double Your Money in 2021 Rachel Warren 12/11/2020. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. But the odds are definitely against most stocks delivering such tremendous gains within a 12-month period. ... growing again by double digits in 2021. The beauty of the EverQuote model is that it's built to take advantage of insurers switching their customer capture activity online. Green energy stock. Growth stocks cleaned up in 2020, but they could have a rockier 2021. SHARE. Boxing Day: 3 TSX Stocks That Are on Sale. With that in mind, here are four growth stocks that could double in the next 12 months: Coty (NYSE: COTY) ET First Published: Dec. 30, 2020 at 10:12 a.m. For context, that's nearly double its historic average annual return over the last 40 years. How I'd generate a passive income of £45,000 a year from UK shares and never work again! Lovesac (NASDAQ:LOVE) is unique in a variety of ways -- and it begins with the company's modular furniture. In the financial space, online insurance marketplace EverQuote (NASDAQ:EVER) could give investors an encore performance after rocketing higher in 2019 and mostly going sideways in 2020. Market data powered by FactSet and Web Financial Group. The Dow , S&P 500 , … (more than double the average S&P 500 company), with a high probability that the payout goes up every year for the next decade – if not longer. My top stock for 2021 is Fairfax Financial (TSX:FFH). Nevertheless, here are four of the top TSX stocks that could double in 2021. DBS Group Holdings Ltd (SGX: D05) DBS is Singapore’s largest bank and offers a comprehensive suite of services for individuals and corporations. Analysts are anticipating a strong rebound in earnings in 2021 as the economy continues its recovery. If fully completed, Cloudera could retire an eighth of its outstanding shares. It bought back $778 million in shares in 2019—more than its free cash flow that year. Targeted at millennial investors, the yarn used in Lovesac's sactionals is made from 100% recycled plastic bottles. Inflation could be a real problem, as soon as 2021. 7 Vegan Stocks to Buy Now for the Future of Food In 2021, DKNG stock should do much better. One of the easiest ways to "go green" in 2021 is to consider buying into cannabis multistate operator Cresco Labs (OTC:CRLBF). 2 Pot Stocks That Could Turn $200,000 Into $1 Million in 10 Years, The 3 Best Dividend Stocks to Buy for 2021, Meet the Marijuana Stock Rooting Against U.S. Cresco Labs. The post 2 Pot Stocks That Can Double in 2021 appeared first on The Motley Fool Canada. It's not that they're guaranteed to skyrocket. SSR is also kicking off a dividend program in the first quarter. ... upgraded stocks to buy in January. This includes nine of the 20 stocks I predicted could double your money for 2020. I bet it will see $100 before summer. Jushi also stands out for its management team have a healthy amount of skin in the game. Following a nearly 170% gain in 2020, I'm seriously suggesting that a furniture company could tack on back-to-back triple-digit returns for investors. The opening of retail locations in Virginia, along with organic growth opportunities in Pennsylvania and Illinois, could see Jushi nearly triple its sales in 2021. Your eyes are not deceiving you -- OrganiGram (NASDAQ:OGI) is a Canadian pot stock. It's eco-conscious and puts the consumer in complete control of their living space. Since taking over, he's reduced Teva's annual expenditures by $3 billion and cut the company's net debt by over $10 billion. Stocks are unlikely to repeat last year's record-shattering performance in 2021 as a V-shaped recovery is largely priced in, Morgan Stanley says Emily Graffeo Jan 14, 2021, 21:17 IST One of the biggest issues with Canadian pot stocks is that they've been hamstrung by regulators at the federal and provincial level. The post Revealed: 4 TSX Stocks That Could Double in 2021! Hopefully, the good news in 2021 will continue unlike the curveball thrown at us in 2020. That's why he is recommending Honeywell International Inc. (HON), Iridium Communications Inc (IRDM), and Trimble Inc. (TRMB). My 2021 best stocks to buy list: 2 to consider; ... Could the TUI share price really double in 2021? The company ranks as one of the top platforms for connecting freelancers with businesses that need digital services. 5 of the best shares I’d buy now for the stock market rally in 2021. Its number of active buyers jumped 37% year over year in the third quarter of 2020, while its new U.S. freelancer registrations soared 48% year over year -- more than two times the growth in the prior-year period. The company is also the only REIT specializing in the medical cannabis market to have its shares listed on the New York Stock Exchange, giving it an easy way to raise additional capital to invest in buying more properties. I think that the company just needs to keep doing what it's doing for the stock to double again in 2021. ET While these kinds of returns are unsustainable over the long term, some stocks may still have the potential to double up in 2021. Beyond a compelling and superior product, Lovesac has done a bang-up job of adjusting its game plan to operate during the pandemic. This effectively expedited its push to recurring profitability. Brett Owens Contributor. IIP's niche is conducting sale-leaseback transactions. None of them are focused on COVID-19, but a bonus ninth stock is. Here’s how I’d look to make a 1,000% return investing in shares. So what has IIP been doing? As we enter the new year, it’s safe to say that the stocks set for huge returns in 2021 will be largely dominated by the pandemic. With its shares so deeply depressed, it wouldn't take much for this stock to double. 5 UK shares I think could double. Rather, multiple tailwinds work in their favor and grease the skids for massive gains. In fact, companies in industries like tech and so-called “stay-at-home” stocks have seen shares double, triple, or even better. Well, the shares jumped 80% to their peak in November. An estimated $146 billion in spent annually on advertisements and distribution by insurance companies -- $5.6 billion of which is digital spending. The average return for the 20 companies on last year's list was nearly 88%. Top UK shares for 2021 Opinion: These unsung investing heroes say 10 overlooked stocks are poised to outperform in 2021 Last Updated: Jan. 2, 2021 at 8:25 a.m. With sales growth likely to exceed Wall Street's expectations in calendar year 2021, and the company valued at just over 4 times forward-year sales, Cloudera has plenty of reason to rocket higher this year. If you’re looking for stocks to buy to double your money in 2020, you might want to look beyond the S&P 500.. Don’t get me wrong. How to Make $1 Million During the 2021 Stock Market Crash. Over roughly the past year, it's moved away from its legacy data platform and has pushed its new hybrid Private Cloud and Public Cloud offerings. The stock skyrocketed 730% and went even higher before a slight pullback in the last week of December. Even if not, the stock could have a clear path to doubling this year. About … Chris MacDonald | January 18, 2021 | More on: HEXO HEXO It then leases the properties back to the operators with long-term agreements. Success begets success in the company's business. TWEET. If we assume that California regulators continue to work through existing red tape, Cresco's access to dispensaries can soar in 2021 without it having to do much in the way of legwork. Top UK shares for 2021 8 Stocks That Could Double Your Money in 2021 Triple-digit returns could be just a click of the buy button away. Here are three stocks that should pave the way for growth and stable returns for 2021. ... best-performing stocks… Asia’s outperformance is seen continuing in 2021, with cyclicals expected to catch up to technology stocks as optimism over vaccine rollouts grows. Team, good things usually happen these 11 names on your watch to. Living space on the limited license states of Pennsylvania, Virginia, and stock! 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