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2 Stocks That Could Double Your Money

TheMotleyFool

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We are quite a ways into a bull market, which has left many great companies trading at premium valuations. But there are bargains out there if you know where to look.

Mohawk Industries (NYSE: MHK) and American Eagle Outfitters (NYSE: AEO) are trading well below their historical average price-to-earnings (P/E) ratios, which means both stocks could be substantially undervalued if the companies can keep growing sales and earnings over the long term. These are not fast-growing businesses, but each should be able to deliver a decent amount of sales and earnings growth. At these cheap valuations, that's all they need to do for shareholders to potentially double their investments.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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