If you've missed out on stocks that crashed in March and that have already produced significant returns in April, don't fret, as there are still many good opportunities today.
While it may take some time to earn strong returns given the uncertainty surrounding the COVID-19 pandemic and its impact on global economies, the stocks listed below are great options to buy and hold. They even have the potential to double in value.
Aphria (NYSE: APHA) is one of the better Canadian pot stocks. The company has posted a profit in three of its past four quarters, and it has a healthy cash balance that's actually been growing in recent periods. The stock also trades at a modest two times its sales -- which is a downright bargain compared to industry giant Canopy Growth's (NYSE: CGC) P/S ratio of nearly 20.