2 Stocks That Have More Than Doubled in the Past Year and Still Have Room to Run
Although they have faced some issues, FuboTV (NYSE: FUBO) and SoFi Technologies (NASDAQ: SOFI) have rebounded significantly. Both companies have seen their shares more than double over the trailing-12-month period. At this point, many investors might wonder if it's too late to invest in these stocks. The answer, in my view, is a resounding no. Even with their excellent recent runs, there is still plenty of upside for FuboTV and SoFi Technologies. Here is more on these potential long-term market beaters.
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FuboTV, a sports-focused streaming service, recently saw its shares surge after announcing preliminary second-quarter results. The company expects revenue of over $365 million, well above the midpoint of its guidance of $345 million. FuboTV is also projecting that its paid subscribers for the period will come in ahead of the midpoint of its prior guidance. That's all well and good, but FuboTV's stock is up by more than 100% this year for another reason. The company is merging with Disney's Hulu+ Live TV.
Source Fool.com
