There has much volatility in the stock market in 2018. But in spite of this, the S&P 500 is only up to a little more than 3% this year. Though that does not mean that there have not been stocks that have soared. These 3 stocks, in particular, have more than doubled during 2018, and some believe that they may continue to rise:
1. Twilio (NYSE:TWLO)
Twilio is a cloud platform that lets software companies send and receive phone calls and text messages programmatically in their apps. The stock is up a whopping 300% for the year, and with good reason. Their API has become standard for developers of web and mobile apps. This year alone, the number of software developers using Twillo has increased by more than 30%.
One of only a dozen stocks to quadruple in value this year, Twillo saw its revenue rise nearly 70% in its latest quarterly earnings. This was far ahead of expectations, and many expect that — with the holiday season upon us — the company will be able to keep up its momentum and perhaps even exceed it.
2. SeaWorld Entertainment (NYSE:CVNA)
Seaworld is up an impressive 110% for the year. The venerable amusement park operator seems lightyears away from the 2013 documentary “Blackfish,” which made marine park operators punching bags for a variety of animal rights activists. While these activists have not completely gone away, customers have returned with a vengeance.
For the first time since the release of the film, both revenue and attendance are up at Seaworld, and they are up by considerable amounts. Attendance there is up nearly 10% for the year, outpacing other park operators, and revenue increases are even greater. Some analysts believe that this trend will continue in the near future. This is based on the fact that Seaworld’s competitors in the Southern California and Central Florida areas have been raising admission prices considerably. This will let SeaWorld do the same, especially as it is no longer feeling the heat from consumers it once felt.
3. New Age Beverages (NASDAQ:NBEV)
Rising 113% for the year, New Age Beverages has benefited from one of this year’s biggest investment trends: cannabis. The legalization of marijuana in various forms across the country has created lots of opportunities for aggressive companies. New Age Beverages began its sharp rise in September after it announced that it would introduce beverages that have been infused with cannabidiol (CBD).
At one time, the company’s stock had increased almost sixfold. While it has since lost about half of these gains, the company recently announced that it has acquired Morinda for $85 million. Morinda generates nearly $250 million in annual revenue, with its Tahitian Noni-Juice available in 60 countries around the world. Analysts think that the acquisition will help New Age Beverages expand its reach to new international markets. This along with the brand awareness the company received from its cannabis announcement could help New Age Beverages keep soaring.