500 Stocks Have Already Doubled — Here’s the Next One

About this video

• Video Title: 500 Stocks Have Already Doubled — Here’s the Next One
• Channel: MarketBeat
• Speakers: Joel Litman, Rob
• Duration: 14:06

Overview

This video discusses the current market trend of significant stock growth, noting that over 500 stocks have already doubled in the current year. Joel Litman of Altimetry Research shares insights on how investors can identify stocks that are likely to double again, emphasizing the importance of looking beyond traditional accounting methods to understand true company fundamentals and momentum. The video also highlights Primorus (PRIM) as a stock with potential for further growth, particularly within the energy and utility construction sector, driven by the increasing demand for electricity to power AI.

Key takeaways

• Market Growth: Over 500 US stocks have already doubled this year, indicating a strong growth and momentum market, not just driven by a few large companies.
• Momentum Investing Strategy: A key strategy discussed is investing in stocks that have already doubled, as they have a higher probability of doubling again, especially when combined with strong fundamental growth.
• Uniform Accounting vs. GAAP: The video emphasizes the limitations of GAAP accounting in accurately reflecting a company's true financial health due to factors like stock options and R&D expenses. It advocates for "uniform accounting" to get a clearer picture of earnings and momentum.
• Primorus (PRIM) as a Next Doubler: The stock Primorus is identified as a potential next doubler. It's a construction engineering company focused on energy and utility infrastructure, which is crucial for meeting the increasing electricity demands of AI.
• AI Enablers and Enabled: Growth is not just in traditional AI tech companies but also in "AI-enabled" companies across various sectors, like Build-A-Bear, which are leveraging AI to enhance their operations and customer experiences.