60 Stocks More Than Doubled in 2014 So Far

Up to this point in 2014, there are 60 stocks that have more than doubled YTD. What did they have in common early in the year?

59 out of 60 had a market cap of under 10 billion at the beginning of the year.

53 out of 60 had a float of under 100 million shares.

49 were trading under $25 at the beginning of the year.

3 are recent IPOs – $RDUS, $VTAE, $GPRO

19 out of the 60 are biotech. Another 4 are drug manufacturers. Industry momentum is a big contributor to individual stock performance.

Gold is about flat YTD. Gold miners have done even worse as a group. After a strong first quarter, they’ve been under tremendous selling pressure. There is one gold miner that has doubled YTD: $RIC

13 were foreign companies. China is the most represented, followed by Israel with $SPCB, $TSEM and $RDCM

The growth of smart phone usage could be noticed everywhere, even in the stock market. 5 of the doubles in 2014 are semi-conductors: $SWKS, $VIMC, $TQNT, $RFMD, $TSEM. Two of the doubles are cyber security companies: $SPCB and $VDSI.

16 of the 60 doubles in 2014 or 27%, doubled in 2013 too. This is a substantial percentage.

While it is true that long-term momentum (longer than than 3 years) tends to mean-revert, 6-12 month momentum tends to continue. Often, the next big winner in the stock market has already doubled in the recent past. For example, take the Chinese $VIPS and $BITA. Both quadrupled in 2013, before they went up more than 150% in 2014. $VIPS more than doubled in 2012, too.

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