2017 was one of the best years for stocks in recent decades where the DOW, S&P 500, and NASDAQ all increased by %25, %20, and %28 – respectively. Don’t let the recent drop in the major market indices get you worried about investing.
2017 was a great year for stocks, and it is important to understand the recent dips in the stock market are to be expected since stocks have done so extremely well over the past year. On the flip side, these types of dips could be the best time to invest in high flying stocks that have been brought back down to earth due to larger market corrections.
The decision to invest is not a short-term decision. Deciding to become an investor is a long-term lifestyle decision. As an investor, it is important to realize that the ups and downs in the stock market are a normal part of investing.
Today, I want to review 10 stocks that more than doubled in the last year and briefly review why these stocks have done so well. All the stocks mentioned below are prime candidates to buy after a larger market “correction” has taken place as these stocks have shown an insane amount of growth in a very short amount of time. Buying these high flying stocks at the bottom of a recession could turn your current level of wealth into serious riches since “winners typically keep winning”.
Weight Watchers (WTW) || +%400
Weight Watchers was one of the best (if not, the best) performing stock on the New York Stock Exchange (NYSE). In October 2015, Oprah Winfrey bought a 10% stake in Weight Watchers and the stock price has been going up ever since. In the past year, WTW stock price started around $12.35 and soared to roughly $62 today. This is a gain of more than %400!
In a world where influencer marketing is becoming ever more popular, Weight Watchers took influencer marketing to the next level by getting Oprah Winfrey on their team as a spokeswoman. Oprah’s involvement with the company turned the company’s future from one that was going down the toilet to a future where Weight Watchers is a Wall Street favorite.
If you want serious growth, then forget Bitcoin and buy some Weight Watchers (WTW) stocks!
Shopify (SHOP) || +%127
Shopify, the Canadian founded e-commerce company, has been on a tear since their IPO! After their IPO, Shopify hit a high of $37.02 and subsequently dropped to their all-time low of $19.32, which is a %47.8 drop. Since their all-time low, Shopify has been going higher and higher every time I look at it – with a price of $119 today.
Shopify will continue their success as the gig economy, side hustle economy, and small third-party online retailers are becoming ever more popular. Shopify has been taking advantage of this trend by connecting consumers and independent online retailers! Shopify is not yet profitable but has been showing growth numbers that rival the e-commerce giant we all know and love, Amazon.com.
Square (SQ) || +%183
Jack Dorsey, besides being a fellow Jack, is the CEO/Founder of Square and Twitter. Dorsey was criticized as a part-time CEO earlier in 2017 when he announced he was going to become Twitter’s CEO again. There was much skepticism in his ability to drive both companies to a successful future – this skepticism has been proven wrong!
Jack Dorsey has done a great job at Square, with an IPO price of $12.85 and a price of $41.61 today – %223 gain. Square has been providing a much better solution for credit card transactions than the traditional credit card companies like Visa or Mastercard offers. Now any vendor can accept credit card transaction with a Square product.
Not only does Square make credit card transactions simple for small businesses, Square is also one of the earliest adopters of accepting Bitcoin! Earlier in 2018, Square announced that you can directly buy, sell and transact using Bitcoin on their “Cash” app. This willingness to be an early adopter of risky strategies is why Square will be a major competitor in the payment space for decades to come.
Nvidia (NVDA) || +%107
Nvidia’s CEO, Jensen Huang was named Fortune’s #1 CEO for 2017, and I could not find a more worthy CEO if I tried. Nvidia has increased by an incredible %107 gain in the past year and has had a %1,723 growth in the past 5 years!! NVDA is a high flying growth stock that can’t be stopped.
There are so many reasons to buy NVDA as their Graphics Processing Units (GPUs) are a core component of many industries. If you want to be a pro-gamer or simply enjoy great PC games, then you will most likely be buying a Nvidia graphics cards for your personal PC. Maybe you are not a fan of PC gaming, well guess what, Nvidia also partnered with Nintendo on their Switch console (which is the #1 selling console in history).
Besides the very real trend of e-sports and rise of gaming as a whole, Nvidia is a core component in the future of data centers, autonomous vehicles, and cryptocurrencies! If you have been in the market for a GPU, then you are well aware that it is nearly impossible to find a high-end Nvidia GPU in stock (at a reasonable price). GPUs have been in high-demand due to the demand in cryptocurrency mining and NVDA will be benefitting from this new technology for years to come.
2U (TWOU) || +%110
2U is the largest company when it comes to obtaining college degrees through an online course or online program. Education is a trend that is not going to go away any time soon. 2U is combining the powers of the internet with the high-demand for education and is changing the landscape of higher level education.
2U is the first mover in this space – besides individual Universities offering their own online programs. 2U’s business model is to sign long-term contracts with popular Universities and Colleges across the U.S. for 10 years at a time. Some of the well-known Universities that partner with 2U are; Fordham University, Yale, Georgetown, Harvard, and New York University just to name a few.
Nintendo (NTDOY) || +%102
Nintendo has been on fire with their Switch Console being the #1 best selling console of all-time. The previous holder of that title was… Nintendo’s Wii console. Besides the fact that the only company that can sell more consoles than Nintendo is Nintendo, Nintendo boasts a huge collection of exclusive original content.
From their beloved Pokemon franchise that launched “Pokemon Go”, the mobile game the made the whole world realize AR is on the way, all the way to their latest masterpiece, “Zelda: Breath of the Wild”, Nintendo has proven time and time again that they are capable of bringing high-quality innovative games to market. Recently, Nintendo has released a mobile version of their “Animal Crossing” game called “Pocket Camp” in late 2017 and also has plans to continue down the path of mobile gaming by releasing their first ever Mario Kart game on the mobile app stores.
Nintendo will be a force to be reckoned with in the future of e-sports, mobile gaming, AR, and VR.
Canada Goose (GOOS) || +%130
Never underestimate humanity’s need for vanity. I have many personal issues when it comes to investing in Canada Goose. Whatever personal qualms I (or you) may have about this company, it’s performance cannot be denied.
Canada Goose sells their basic jacket for about $895 USD. Besides the fact that I would never ever spend that kind of money on a single piece of clothing, Canada Goose has been growing in popularity. Just like all other name brand products that come at a premium, there will be the social elites (or pretenders) that want to show their status by wearing these luxury items.
If you live in New York City, like I do, then you will know that you can’t go a single day where you do not see a Canada Goose jacket – in the Winter at least.
Boeing (BA) || +%104
I don’t have much to say about Boeing besides the fact that they are a pseudo-monopoly when it comes to commercial planes. I am relatively sure that every major international airline uses Boeing commercial airliners. Since barriers to entry are so high for other competitors, Boeing has a strong moat around its entire business.
As traveling becomes ever more popular, Boeing is a company to keep an eye on as this stock is the #1 performing stock in the DOW 30 for 2017.
Crocs (CROX) || +%106
Yes! Even Crocs has been able to boast a %100+ gain in the past year. Crocs isn’t so much a high flying growth stock, but more of a bouncing dead cat.
Crocs revenue and profits have been relatively flat over the past 5 years. Crocs’ stock had fallen out of favor in the past years but was a fantastic value play as the company has been able to have a steady and consistent top-line while cutting costs over time.
These types of stocks that have fallen out of favor are ripe for a turnaround.
Crispr (CRSP) || +%140
I don’t typically review or even look into healthcare stocks as I normally find myself to be out of my depths when it comes to latest trends pharmaceuticals and health.
Crispr is a different story though. Crispr is the leading company when it comes to analyzing DNA and altering the genetic makeup of an organism. Crispr technology will be critical to the future of healthcare as it enables the technology to provide specific treatments based on an individuals DNA. Crispr can also help improve the foods we eat to become more nutritious and durable.
Healthcare is becoming more specific on a person by person basis, and Crispr is at the forefront of specialized unique healthcare treatments.
All of the stocks mentioned above have had a fantastic year in 2017. If you invested your money in any of the stocks mentioned above, then you have had a pretty fantastic year, financially. The point I am trying to get across is that you don’t need to be an investing genius in order to be successful in the stock market. You just need to position your investments in a way that they will benefit from long-term trends in the market.
Even if you did not buy these stocks, do not worry as these stocks are prime candidates to be sold off by larger investors when the tide of the bull market turns bear. When the next recession or correction occurs, these stocks are the stocks you want to buy at the bottom of the recession as they have proven their capabilities for high growth before and they will do it again.
These are just a few of the stocks on my watchlist. Would you like to know more stocks on my watchlist? What stocks are you looking at? What stocks are you not looking at? and why? Maybe cryptocurrencies?
Thanks for reading,
P.S. If you enjoyed this article or found it the slightest bit informative, helpful, or motivational, then please like, comment, subscribe, and share!
DISCLAIMER: I may or may not have a personal interest in the stocks mentioned above. This article is not meant to be investing advice as I am not aware of your specific situation or risk tolerance. Do not invest solely based on the information above.