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2 Stocks That Could Double Your Money

August 29, 2018 Leave a Comment

2 Stocks That Could Double Your Money

The stock market has been bullish for close to nine years now. It may seem close to impossible to get stocks that will be reasonably priced so that they can give you great returns with time. However, if you are keen enough, it is possible to go through the stocks listed on NASDAQ, and NYSE and get at least two that will be great for your portfolio, and will also generate wonderful returns within no time. Here, are two stocks that you should definitely look out for.

Oaktree Capital Group

On NYSE, you will find Oaktree Capital Group shares listed as NYSE: OAK. This is one of those businesses where when the news is good for the economy in general, it is bad news for them. Well, for the past nine years, the news has been good and the company, which specializes in distressed assets, has not had much to take home. In fact, the market has really punished the Oaktree Group, forcing them to think outside the box. Their shares are priced as if the cost of assets will always go up, which is why you will be safe investing in their shares. The moment the market turns bearish and companies start making losses, Oaktree shares will shoot up in price, and you will smile all the way to the bank.

JD.com

These shares trade on NASDAQ under the name JD. When people think about Chinese E-commerce, the platform that comes to mind is Alibaba. While it is true that Alibaba is a massive success, JD.com is hidden in Alibaba’s shadow, and over the past three years, they have experienced more than 30 percent growth in sales. The profitability of the company is still a little bit unstable because it is still at the stage where they are working on automation, technology upgrades, and other logistics. There has also been a lot of tussle about the trade relationship between China and the US and all these factors have led to the company stocks going down by more than 20 percent, in this year alone. The good news is that despite the fact that the company’s shares are trading at 0.7 percent less than their estimated sale value, projections show that the company may grow their sales by more than 30 percent this year. What this means for investors is that now is the ideal time to buy because its non-GAAP earnings are also expected to grow by 8 percent.

Another fact that is downplayed about this company’s stability is the fact that their two biggest investors are Tencent and Walmart. Tencent is the company behind, WeChat, China’s largest mobile messaging application. The company is currently investing in expanding its logistics network and giving their services to third-party providers, something that will really pay off in the long run.

These are two of the shares that are an assurance that when the market changes, you will have wonderful returns. A third stock that would be a bonus to have a look at is Kinder Morgan, which trades on NYSE as KMI.

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Filed Under: Traditional Tagged With: Investbetter, investing, Money, stocks, Traditional, Traditional Investing, Traditional Stocks

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