3 stocks that can double again in 2021

According to the Finviz screener, there are 3,702 listed stocks in the US with a market capitalization of more than $ 300 million. No fewer than 318 of these have more than doubled this year. Let the S&P 500The 13% profit since the beginning of the year is fooling you. It’s a feast or famine in 2020.

Most market winners will not repeat the feat in 2021, but some will inevitably shine through again. I think Twilio (NYSE: TWLO), DraftKings (NASDAQ: DKNG), and RingCentral (NYSE: RNG) have the right ingredients to double again in 2021.

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Twilio

The Twilio stock has tripled more in 2020 and the reason is probably as close as what you have in your hand right now. Your smartphone has become a new appendage, an indispensable tool for keeping you connected, informed and entertained all day long. Twilio is a star in your phone, even if most people have never heard of the company.

Twilio is the best dog when it comes to in-app communication tools. The next time you get a notification that your ride-sharing driver has arrived, or you reset a streaming platform’s password without leaving the app, chances are Twilio will be the one making the connection. Video communication solutions have become a shooting star for the company in 2020.

Sales in the last quarter rose by 52% better than expected. Analysts only held a 39% year-over-year increase, but that’s just bullshit. Twilio sales have grown by 41% or better each quarter since the company went public four years ago. Some winners just keep on winning.

DraftKings

You didn’t have to watch Monday night’s barn burner between the Baltimore Ravens and Cleveland Browns to know that the sports world is back. We had a wild summer with the NBA, NFL, NHL, and Major League Baseball all playing at the same time due to pandemic-related disruptions earlier this year. It is against this backdrop that DraftKings hit the market as one of this year’s most successful debutantes.

DraftKings is a leader in fantasy sports betting for real money. It also has an online sportsbook for more conventional gambling. With more than a million unique paying customers, an increase of 64% from last year, this trend is undeniable. Pro forma revenues were up 42% in the last quarter, and that was with shortened seasons and last-minute shifting of sporting events. The future should be easier and definitely brighter.

Over time, DraftKings has built relationships with media networks, sporting events and individual teams as their official fantasy sports partner, but that only opens the door to expand all of its offerings. Don’t bet against DraftKings in 2021.

RingCentral

One of the stay-at-home winners that still isn’t on most investors’ radar is RingCentral, a next-generation telecom connectivity provider. Businesses sign up with RingCentral and pay a minimum of $ 19.99 per month or more for each extension to automatically route incoming calls to IP phones, mobile devices, video conference rooms or PCs. Since most staff are currently in a fluid state, it is crucial to ensure that calls are not missed in the corporate world.

RingCentral is seeing sales up nearly 30% this year, and the good news for investors is that the company has been historically very conservative with its outlook. RingCentral did well before the pandemic. It has now surpassed Wall Street’s earnings targets for 12 consecutive quarters. It’s been a 17 dredger since early 2017. If you’re kidding yourself for missing this multibag, you might want to look for a new radar.

Twilio, DraftKings and RingCentral win growth stocks. The climate is good for them to continue to win in 2021.

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