Coronavirus Market Crash: 2 Stocks That Can Double Your Money
Timing can be everything when it comes to investing. Buying a good stock at its peak can return a loss while buying an underperforming stock at its low can lead to a profit. While you don't necessarily want to wait for the perfect opportunity and miss out on potential gains along the way, you also don't want to neglect what could be a rare chance to buy stocks near their lows.
That's the opportunity presented today, with panic selling in the markets creating many attractive buying opportunities. Below are two of the better stocks that investors can buy today with the potential to double in value.
Curaleaf Holdings (OTC: CURLF) has shed 60% of its value over the past 12 months. It's nowhere near the sell-off of some marijuana stocks, and even the broad Horizons Marijuana Life Sciences ETF is down much more during this time -- around 80%. However, Curaleaf is also a likely candidate to come out of this market crash. It may take a while to do so, but the company could be in a terrific position, and it wouldn't be surprising to see its share price double within even the next 12 months. The one caveat there, however, is that the longer the coronavirus outbreak keeps investors on edge, the longer it may take for Curaleaf to rally.
Source Fool.com
