4 Stocks With Double-Digit Upside Potential in 2022
In July, stocks delivered their best monthly performance since 2020 following an ugly first half of the year. After such a sharp move up, investors are on the lookout for stocks with more upside potential. While uncovering these investments may be a bit trickier than it was a month ago, it’s possible if you do your homework. First, look at the company’s financial statements to see if there is room for growth. Then, research the company’s history to see if it has been able to rebound from tough times in the past. Finally, watch for news stories or analyst reports that suggest the stock could be ready to take off. Stocks with strong fundamentals and positive earnings reports tend to have more upside potential. Similarly, stocks that have been beaten down recently may offer investors an opportunity to make money as they rebound. Below is a list of four quality stocks trading at less than $10 per share that have the potential for double-digit returns over the next year. SOFI SoFi Technologies $7.81 CPG Crescent Point Energy $7.24 ASTL Algoma Steel Group $9.34 TNEYF Tamarack Valley Energy $3.06 SoFi Technologies (SOFI) Source: Michael Vi | Shutterstock SoFi Technologies (NASDAQ: SOFI ) is a digital financial services company that offers its customers a range of products and services to help them save money, pay off debt and manage their investments.
4 Stocks With Double-Digit Upside Potential in 2022
In July, stocks delivered their best monthly performance since 2020 following an ugly first half of the year. After such a sharp move up, investors are on the lookout for stocks with more upside potential. While uncovering these investments may be a bit trickier than it was a month ago, it’s possible if you do your homework. First, look at the company’s financial statements to see if there is room for growth. Then, research the company’s history to see if it has been able to rebound from tough times in the past. Finally, watch for news stories or analyst reports that suggest the stock could be ready to take off. Stocks with strong fundamentals and positive earnings reports tend to have more upside potential. Similarly, stocks that have been beaten down recently may offer investors an opportunity to make money as they rebound. Below is a list of four quality stocks trading at less than $10 per share that have the potential for double-digit returns over the next year. SOFI SoFi Technologies $7.81 CPG Crescent Point Energy $7.24 ASTL Algoma Steel Group $9.34 TNEYF Tamarack Valley Energy $3.06 SoFi Technologies (SOFI) Source: Michael Vi | Shutterstock SoFi Technologies (NASDAQ: SOFI ) is a digital financial services company that offers its customers a range of products and services to help them save money, pay off debt and manage their investments.