SG - 3 Stocks That Are on Their Way to Doubling in 2024
2024-03-19 08:30:00 ET
The market's been moving higher this year, but hold off on the party favors. You may be surprised by how many stocks are truly off to the races. Less than three dozen companies with market caps of at least $2 billion are up at least 50% in 2024. Can they keep the good times rolling?
Celsius Holdings (NASDAQ: CELH) , Sweetgreen (NYSE: SG) , and Instacart (NASDAQ: CART) are among the 35 companies with market valuations north of $2 billion that are up at least 50% this year. They are positioned well to more than double this year. Let's go over why they might get there.
Shares of Celsius are sparkling this year, and that's fitting since it's a fast-growing player in sparkling functional beverages. This year's initial jump isn't a fluke. The stock has more than tripled over the past year. Celsius is a five-bagger over the past three years and a jaw-dropping 63-bagger over the past five years.
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3 Stocks That Are on Their Way to Doubling in 2024