Here is a list of six stocks which I believe have a strong chance of doubling, if you are willing to be patient:
Ford Motor Company (NYSE:F) primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, automotive and financial services.
Ford has been doing pretty well lately in sales. The company has rebounded and Alan Mulally has done a great job as CEO. The stock has a forward P/E of 5.5. I think it's completely reasonable to think that Ford could double and see $20 a share.
Alcoa, Inc. (NYSE:AA) engages in the production and management of aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, primary metals, flat-rolled products, and engineered products and solutions.
This Dow component has not really moved much in the past few years. Aluminum prices have begun to increase and the company is seeing an increase in its margins. As the world recovers, the demand for aluminum will go up. The stock has a forward P/E of 8.3.
Datalink Corporation (NASDAQ:DTLK) engages in the design, installation, and support of data center solutions to mid and large-size companies.
Many of you may not be familiar with this small-cap. However, this company is experiencing explosive growth rates as the company has started getting contracts with big customers. The stock has a forward P/E of 12, but with the growth rate above 20%, the market could give it a higher valuation.
Citigroup, Inc., (NYSE:C) a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services
With the banking stocks the way they are, many of you are probably wondering why I would recommend Citigroup. I like the company's valuation and their profitability. Citigroup has been getting rid of its NPLs and it is working on strengthening its balance sheet. The stock has a forward P/E of 5.26.
Aflac Incorporated, (NYSE:AFL) through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance.
Aflac is one of the largest insurance companies in the world. The company is very profitable and has been knocked down lately. I also like the fact it pays a 3.5% dividend. The stock has a forward P/E of 5.2.
Huntington Bancshares Incorporated (NASDAQ:HBAN) operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services.
Another bank I believe could double is Huntington. The company has begun to turn around its mortgage portfolio. Insiders are buying and its trading less than tangible book. The stock has a forward P/E of 7 and pays a nice 3.5% dividend.
I believe these stocks could double, but it may take some time. I recommend you do some research on your own before buying.