5 Stocks that Might Double by Year-End

5 Stocks that Might Double by Year-End

The US economy is still recovering after the recession. But with historically low lending rates and multiple rounds of fiscal stimulus, we can expect an explosive stock market in the next few years.

Many growth stocks are continuing to hold up and are likely to trade higher. It is still a good idea to invest in growth stocks because they remain solid and are almost guaranteed to give you a return on your investment.

If you’re looking to invest in stocks, you should take advantage of these 5 stocks that could double your money by the end of 2021.

Fastly (FSLY)

Fastly is an edge cloud services provider that delivers content to end-users quickly and securely. Since more and more businesses have shifted to online traffic thanks to the pandemic, FSLY has benefitted greatly.

Fastly is the go-to edge cloud provider and will most likely continue to be since online traffic will continue to surge. Fastly’s sales have increased by 42%, and many existing clients continue to spend money on Fastly’s services.

DraftKings (DKNG)

DraftKings is a fantasy sports and gambling operator that has significantly benefitted from the legalization of online sports betting. DraftKings has increased its long-term earnings by over 40%.

DKNG has jumped 11% and has had fourth-quarter revenue growth of $322.2 million. If these numbers continue, DraftKings will be worth $22 billion annually. These trends are almost guaranteed to continue if online sports betting becomes legal nationwide.

The Biden administration is likely to legalize online sports betting on a national level, making buying DKNG stocks a great investment.

Robert Half International (RHI)

Robert Half International is a temporary and permanent staffing service and consulting provider. This company is on track for increased revenue growth.

Robert Half International has outperformed competitors and continues to have a competitive advantage. RHI stocks are up more than 40%. Staffing revenue is on the road to recovering to pre-pandemic levels by the end of the year.

Teladoc Health (TDOC)

Teladoc Health is a great stock to invest in. They are a leading telehealth services company that has provided precision medicine during the COVID-19 pandemic.

Because virtual appointments have more than tripled, telehealth has become essential in the US healthcare system.

Telehealth services will still be an important part of healthcare because of its convenience for both patients and physicians. Virtual visits are also less expensive than in-person visits. Teladoc Health is a fast-growing company and will likely continue increasing revenue.

Square (SQ)

Square is a fintech online payment company that has grown in popularity with the rise of online payments. Investing in fintech and online payment stocks is a smart decision. Companies like Square are continually growing in popularity and continue to capitalize on today’s digital economy.

Square has continued to increase its revenue by 40% in the last five years and is likely to continue this trend. Square has a mobile payment platform “Cash App” that has increased this company’s revenue by more than 200%.

The Square online payment company is worth over $100 billion and will continue to grow with the acceleration of the online payment trend.

Other stocks to consider

ASML Holding (ASML)

ASML is a semiconductor manufacturing equipment supplier. The global semiconductor shortage has created a demand for ASML. The deficit will continue to increase ASML revenue for at least the remainder of 2021.

Because the world is making a global transition to 5G wireless networks, this will also cause ASML to increase revenue, along with the rise in higher-power computer applications.

Cresco Labs (CRLBF)

Cresco Labs is a marijuana/cannabis operation that has boomed in popularity as the marijuana industry has matured. CRLBF has retail operations and dispensaries in states where marijuana is legal.

Cresco Labs is also a wholesale marijuana store located in California and is the most lucrative marijuana and cannabis market in the world.

Because this company has a cannabis distribution license, they have cannabis products in over 575 dispensaries in California alone.

As the legalization of marijuana spreads to different states, investing in marijuana industry stocks is a smart idea.

Alibaba (BABA)

Amazon’s competitor in China, Alibaba, is another stock worth investing in. They are not only a massive online retailer, but they are also an online banking, cloud computing, and artificial intelligence company.

Alibaba continues to grow as China’s middle class thrives. This company has increased its revenue by 30% in the final quarter of 2020.

Citigroup (C)

Citigroup is an international megabank and financial service company. Bank stocks have been a smart investment move for 2021, and some investors anticipate even higher interest rates over the next few years.

US consumer loan activity might make a sharp rebound before the end of 2021. Restructuring and emerging markets may boost Citigroup’s profits.

Ping Identity (PING)

Ping Identity is a cybersecurity business that protects businesses’ data in the cloud. As more companies move online and keep information in the cloud, the demand for cybersecurity has increased.

Cybersecurity stocks are expected to thrive in the next few years because it is necessary for any online company. Ping Identity uses artificial intelligence for identity verification to protect data stored in the cloud.

The artificial intelligence that Ping uses is continually getting more effective, and more and more businesses are moving online.

These factors make investing in cybersecurity a great idea, and Ping Identity is estimated to stay on track for growth in the next few years.

Roku (ROKU)

Roku is a popular streaming service that has capitalized on the online TV streaming trend. Roku makes internet-connected TV sets that let you stream content directly. Stocks for ROKU are cheap for now, but they are estimated to increase in the future.

Roku has 30% of the market share for the online television streaming market, more than double Amazon’s Fire TV.

Roku has had an increase in revenue of 50% in 2020, and since they recently added HBO Max to their available content, revenue could increase even more.

Redfin (RDFN)

This innovative real estate company is expected to thrive in the Biden bull market. Redfin stocks are likely to double due to macroeconomic factors. Because historically low mortgage rates and a booming housing market are expected, Redfin is expected to increase revenue substantially.


Redfin is a great stock investment idea because it differentiates itself from other real estate companies. Redfin offers high-margin services that are easy to use and simplify the real estate buying process.


Investing in stocks is never guaranteed to make a profit. No one will ever be able to predict stock trends with 100% accuracy. The best thing you can do is educate yourself and make informed guesses on what companies and markets are going to be popular in the future.

When investing in stocks, the most important things to consider are market trends and economic trends as well as the upswings and downswings of certain stocks.

Some trends to be aware of include: inflation, bank interest rates, federal funds interest rates, energy prices, gasoline prices, and international issues.

These factors affect stock market trends, so it is important to be aware of broad trends when investing in stocks. You should also observe the track record of a particular company before you decide to purchase their stocks.

The companies and businesses in this list are expected to continue their trend of increasing revenue.

Investing in these stocks can be a smart decision and will possibly double your investment quickly. However, use caution – don’t put all your eggs in one basket!

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