Got $1,000? These 2 Stocks Could Double Your Money
You don't have to be rich to get started in the stock market. And an investment of just $1,000 is more than enough to set the foundation for substantial returns over the long term.
Luckin Coffee (OTC: LKNC.Y) and Zynga (NASDAQ: ZNGA) have the potential to be solid investments given enough time because of their rapid growth rates and relatively small market caps. Let's find out a bit more about these two growth stocks that have the potential to double your $1,000 buy-in.
With a market cap of $11.5 billion, Zynga is bigger than its $11 per share stock price suggests. But the mobile game developer is still a small fry compared to rivals such as Activision Blizzard and Electronic Arts, which boast market caps of $74 billion and $41 billion, respectively. Despite its relatively smaller size, Zynga's acquisition-driven strategy has allowed it to quickly pivot to new opportunities which give it epic growth potential.
Source Fool.com
