Let’s therefore talk about seven stocks under $10 that can double in the next few quarters:Įven with prospects of multiple rate hikes in 2022, gold has remained resilient above $1,800. In small-cap names, returns of 50% to 100% is likely to be considered good. The euphoric phase of multi-fold returns in meme stocks is unlikely in 2022. It’s important to mention here that as global liquidity tightens, investors need to tone down their expectations. I believe that these stocks can potentially double in the next 12 months. These are relatively small companies that have positive tailwinds. My focus in this column is on stocks under $10. Therefore, any correction in large-cap or small-cap stocks provides investors with an attractive entry opportunity.
This will attract funds towards risky asset classes like equities, commodities and cryptocurrency. First, even with multiple rate hikes, real interest rates will remain negative. However, I believe that there are several factors to believe that the market correction might be capped.
Further, rise in geo-political tensions have added to the nervousness. With high inflation and fear of multiple rate-hikes, the markets are discounting the liquidity tightening factor. However, in the first two months of 2022, the markets have faced challenges on multiple fronts. Multi-fold returns came at the blink of an eye. In particular, stocks under $10 were the target of social media driven euphoria and surge. The 2021 phase of euphoria in meme stocks and penny stocks will be remembered in the history of financial markets.
0 kommentar(er)
