As of 09/25/2023
  Indus: 34,007 +43.04 +0.1%  
  Trans: 15,101 +113.50 +0.8%  
  Utils: 870 -1.67 -0.2%  
  Nasdaq: 13,271 +59.51 +0.5%  
  S&P 500: 4,337 +17.38 +0.4%  
YTD
 +2.6%  
 +12.8%  
-10.1%  
 +26.8%  
 +13.0%  
  Targets    Overview: 09/15/2023  
  Up arrow35,000 or 33,600 by 10/15/2023
  Up arrow15,900 or 14,800 by 10/01/2023
  Up arrow900 or 850 by 10/01/2023
  Up arrow14,400 or 13,000 by 10/01/2023
  Up arrow4,575 or 4,300 by 10/01/2023
As of 09/25/2023
  Indus: 34,007 +43.04 +0.1%  
  Trans: 15,101 +113.50 +0.8%  
  Utils: 870 -1.67 -0.2%  
  Nasdaq: 13,271 +59.51 +0.5%  
  S&P 500: 4,337 +17.38 +0.4%  
YTD
 +2.6%  
 +12.8%  
-10.1%  
 +26.8%  
 +13.0%  
  Targets    Overview: 09/15/2023  
  Up arrow35,000 or 33,600 by 10/15/2023
  Up arrow15,900 or 14,800 by 10/01/2023
  Up arrow900 or 850 by 10/01/2023
  Up arrow14,400 or 13,000 by 10/01/2023
  Up arrow4,575 or 4,300 by 10/01/2023

Bulkowski on Stocks That Double

My book, Fundamental Analysis and Position TradingFundamental Analysis and Position Trading: Evolution of a Trader book. pictured on the left, has an entire chapter dedicated to how to double your money. Plus it has two chapters on 10-baggers, stocks that rise by ten times their initial value.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

This article discusses fundamental criteria shared by stocks that double.

For the last year, I have been working on my fifth book (pictured above). Part of it covers fundamental analysis, or picking stocks based on value. I just finished a chapter on stocks that double in price within five years and I thought I'd share the results with you. I used data from 1992 to 2007 on almost 1,000 stocks, but not all stocks covered the entire span. Fundamentals were provided by Value Line.

Here is the list of common elements.

I picked the items I liked and did a scan for those fundamentals and found 31 stocks. Here's what I looked for:

Preliminary testing showed the criteria performed well. I would add a test for reduced capital spending since that helped boost performance.

After looking at the stocks that this criteria found, I can see why they are priced so cheaply. Most of them are trash, but you can do your own scans and see what you can find.

-- Thomas Bulkowski

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My novels:  Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of Chart Patterns 3rd Edition book

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