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3 Stocks That Could Double Your Money


It’s not that hard to double your money — if you have enough time. Even with a minuscule growth rate, you can double your money over hundreds or thousands of years. When it comes to stocks, even one growing at 4% annually will more than double over 20 years. But you probably clicked into this article looking for faster growers than that, right?

Here are three companies that could double your money — potentially within just a few years. See if any of them interest you as candidates for your long-term portfolio.

A woman is smiling and holding some $50 bills fanned out.

Image source: Getty Images.

1. General Electric

General Electric (NYSE:GE) has been undergoing a transformation over recent years, selling off its appliances business, spinning off its consumer credit card operations (as Synchrony Financial), and focusing primarily on its aviation, healthcare, and energy operations. Still, the pandemic delivered a blow, with much of its business slowing or stalling and total revenue for 2020 down 16% year over year. But the company has been steadily paying down debt and sees brighter days ahead, as more orders come in for aviation products due to the pandemic winding down and orders for renewable energy offerings such as wind turbines start rolling in, as well.

GE chairman and CEO Larry Culp summed up the company’s year saying: “As 2020 progressed, we significantly improved GE’s profitability and cash performance despite a still-difficult macro environment. The fourth quarter marked a strong free cash flow finish to a challenging year, reflecting the results of better operations as well as strong and improving orders in Power and Renewable Energy.”

General Electric had been a longtime payer of meaningful dividends, but it slashed its payout by 90% a few years ago, when it was struggling. It has been slowly growing it again, and its dividend recently yielded 0.34%. If its free cash flow remains solid and keeps growing, it won’t be surprising to see significant dividend increases ahead. That, along with stock-price appreciation, should help the stock double investors’ money.

2. Pinterest

Pinterest (NYSE:PINS) shares surged more than 250% in 2020, and recently sported a price-to-earnings (P/E) ratio topping 200. So yes, this stock has priced in some great expectations. Thus, it may not double in the near future — but its long-term future appears quite promising. The company’s platform allows users to share visual inspirations of foods, fashions, styles, crafts, home decor, and more. There are a lot of these users, too — more than 450 million, in fact, who use the site at least monthly. Altogether, users have saved close to 300 billion “pins.”

The company has a terrific business model, as it’s capital-light: The site already exists and it costs relatively little to support many more users. It’s reaping profits from digital advertising on its site, and unlike many other sites, where users find ads annoying, on Pinterest users are looking for ideas that many ads offer. If they have pinned many home decor items, they will likely be extra receptive to ads for home decor items.

In Pinterest’s last quarter, its revenue surged 76% year over year, with net income soaring 682%. You can’t expect such growth rates to continue for long, but the company does project a 70%-plus year-over-year growth rate for revenue in the coming first quarter. Such growth rates can make a steep P/E ratio more palatable — especially for long-term investors. This is a very promising company with a bright future. If Pinterest is able to further monetize its huge user base, that can be a powerful catalyst for further growth.

3. Zynga

Mobile video game specialist Zynga (NASDAQ:ZNGA) is another company with a good shot at doubling in value within a handful of years. You may be familiar with some of its offerings: Words With Friends, Zynga Poker, CSR Racing, Empires & Puzzles, Toon Blast, Toy Blast, Merge Dragons, and Merge Magic.

Zynga recently reported a…



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