If you are looking for stocks with potentially enormous upside, I would suggest a conservative play on Qualcomm, Green Mountain Coffee, First Solar and Tiffany shares.
With the excitement over the newest Apple Iphone 5 release stirring, I expect Qualcomm's shares to spike up on the news. In comparing QCOM with AAPL, you'll notice they move similarly and if Apple does move up, it could pull QCOM up with it. It is currently priced near 62.00 which is far below it's 68.00 high for the year.
Green Mountain Coffee is one of those companies which was heavily shorted but which has surprised Wallstreet in it's quarterly earnings. It has increased from a dismal 18.00 low up to around 25.00 a share. With yearly growth expected to stay above 20% and with improved guidance for 2013, GMCR could see 40.00 by years end.
First Solar is another one of those heavily shorted companies which surprised investors with a very positive earnings report in the second quarter and which has high expectations for 2013. When the short squeezes are fully realized, I expect to see both GMCR and FSLR nearly doubling from where they are today.
Tiffany is a high end retailer which lowered its guidance for the remainder of 2012, but which could get a huge bounce from its current, undervalued price of 59.00 once earnings comes out on Monday. This luxury retailer has a median price target of 68.00 from 18 analysts. Regardless of its earnings results, TIF is at a nice price and should only go up from here.
Please use caution when investing and read the news, charts and balance sheets carefully before in investing in any company.