Danny’s Doubles: Companies I'm Watching

In July, I started a campaign to double my money six times with six trades. (If you haven’t seen it, you can read more here)

It’s going well - my $25k is now sitting at $30k, and I believe it's poised to move higher over the next 4 weeks. I’ll keep you posted.

For now, let’s talk about some of the other companies I’m watching and waiting for, hoping they don’t move too much before I’m ready to enter.

It’s a tricky game, because I want to buy top-tier companies, but finding ones that can double relatively quickly is harder.

To achieve that, you must time your entry based on market weakness and identify the best buying opportunities.

Like I mentioned in my Buffett article, we want to buy great companies during weak economic times - when they’re affected by nothing other than the broader market, which creates… opportunity.

Although I recently wrote that interest rates aren’t likely to have a major effect, either positive or negative, I do think we’re heading for a 5-10% pullback in the overall markets, which will provide us… you guessed it, opportunity.

September has started soft, as it usually does (it’s historically the worst-performing month of the year, as shown below).

So, I wanted to highlight some of the companies on my radar as we head into a period of possible weakness in the market.

These are great companies with strong long-term outlooks and solid analyst sentiment (although I always do my own research, as should you).

They’re valuable businesses, not hot sectors or trends, and they’re companies I’d be comfortable holding throughout weak markets, should they persist (or come at all.)

Let’s dive in, in no particular order:

1. W (Wayfair) – Online shopping continues to grow, and Wayfair’s large home goods market gives it the potential to capitalize on any future surges in e-commerce. The world is turning towards e-commerce more and more, and Wayfair has little competition with it’s scale.

2. HIPO (Hippo Holdings) – As the insurtech space evolves, Hippo's focus on AI and data-driven solutions could lead to large market share growth as consumer preferences shift.

3. XOM (ExxonMobil) – Energy stocks have rallied due to higher oil prices, and ExxonMobil's continued dominance in the sector could lead to strong upside in the short term, especially with a Trump win. Exxon is one of my long term favorites and I own it in my safe portfolio.

4. WOOF (Petco Health and Wellness) – With rising pet ownership and increasing spending on pet health, Petco is well-positioned to grow in a high-demand industry.

5. WMT (Walmart) – If Walmart continues innovating in e-commerce and logistics, it could benefit from consumers looking for a strong balance of in-store and online shopping.

6. WBD (Warner Bros. Discovery) – The company's expansion in streaming and its diverse content library could lead to significant growth as the entertainment landscape shifts.

7. VOD (Vodafone) – Telecoms are essential services, and as 5G infrastructure expands, Vodafone could see substantial gains from global data demand growth.

8. UBER (Uber Technologies) – Uber’s dominant position in ride-hailing and food delivery, combined with expansion into freight, positions it well for strong growth.

9. TTWO (Take-Two Interactive) – With popular franchises like GTA and NBA 2K, Take-Two could see revenue spikes from new releases and/or enhanced monetization in gaming.

10. TSN (Tyson Foods) – With food prices rising, Tyson’s strong market share in protein products positions it well to benefit from continued and increased demand for meat.

11. TRMLF (Tourmaline Oil) – As the demand for oil and gas continues to grow, Tourmaline remains an undervalued higher leveraged investment. I own this as well.

12. SOFI (SoFi Technologies) – SoFi's focus on digital finance, particularly student loans and investing, gives it strong growth potential as fintech continues to disrupt traditional banking - one of my favorites.

13. SHOP (Shopify) – As e-commerce booms, Shopify is one of the best-positioned companies to benefit from small businesses and entrepreneurs expanding online.

14. SHAK (Shake Shack) – Shake Shack has brand loyalty and room for geographic expansion, making it a contender for rapid revenue growth if it expands efficiently.

15. SCHW (Charles Schwab) – With rising retail investment and Schwab’s wide range of financial products, it could benefit from continued market engagement by individual investors.

16. RCL (Royal Caribbean Group) – As travel restrictions have eased, Royal Caribbean is seeing a surge in demand for cruises, offering significant short-term potential.

17. QSR (Restaurant Brands International) – Restaurant chains within the QSR portfolio are strong global brands that are growing quickly as consumers flock to more affordable options.

18. PYPL (PayPal) – PayPal’s strong presence in digital payments positions it for potential growth as more consumers and businesses move online.

19. PRCH (Porch Group) – With its focus on home services and software, Porch Group is benefiting from increased home improvement spending and real estate market growth.

20. ORCL (Oracle) – Oracle’s continued shift to cloud computing and enterprise solutions puts it in a strong position to benefit from global digital transformation efforts.

21. META (Meta Platforms) – With its focus on the metaverse and AI, Meta is investing heavily in future technologies that could see significant value growth in the coming years.

22. MDT (Medtronic) – As healthcare technology advances, Medtronic’s medical devices are well-positioned to benefit from the aging population and growing chronic disease management.

23. LYV (Live Nation Entertainment) – As concerts and live events return, Live Nation stands to benefit from pent-up demand for in-person entertainment.

24. JPM (JPMorgan Chase) – Financial institutions like JPM tend to perform well in an environment of high interest rates, offering potential for strong, safe, growth.

25. JD (JD.com) – JD’s strong logistics network and growing e-commerce business in China offer significant growth opportunities in a rapidly expanding Chinese market.

26. IBM (International Business Machines) – IBM’s focus on cloud computing and AI could lead to short-term gains as companies ramp up their digital transformation efforts.

27. GOOG (Alphabet/Google) – Google continues to dominate search and digital advertising, with strong growth prospects in cloud services and AI-driven technologies.

28. EA (Electronic Arts) – As video gaming continues to grow globally, EA’s popular franchises and esports potential could lead to rapid revenue growth.

29. DUFRY (Dufry AG) – As international travel rebounds, Dufry’s travel retail business stands to benefit from increasing tourist traffic.

30. DIS (The Walt Disney Company) – Disney’s content pipeline, combined with its massive and popularity growing theme parks, and growing Disney+ subscriber base, offers strong short-term potential.

31. CHGG (Chegg) – As digital education continues to grow, Chegg could benefit from increasing demand for online learning and study tools.

32. CCL (Carnival Corporation) – Like RCL, Carnival stands to gain as cruise demand increases with global travel returning to pre-pandemic levels.

33. BABA (Alibaba Group) – Alibaba’s dominance in e-commerce and its expanding cloud computing business make it a strong contender for rapid growth in China and abroad.

34. BA (The Boeing Company) – As the aviation industry recovers, Boeing is well-positioned to benefit from increased aircraft demand.

35. ADT (ADT Inc.) – ADT’s home security services could see strong growth as more consumers invest in smart home and security technologies.

36. ALTM (Arcadium Lithium PLC) – With lithium being critical for electric vehicle batteries, Arcadium Lithium is well-positioned to benefit from the surging demand for this key material.

37. ALB (Albemarle) – A leading global producer of lithium, critical for electric vehicle batteries, Albemarle is well-positioned to benefit from the rapid growth in EV demand, making it a strong candidate for short-term gains as the green energy transition accelerates.

38. SMCI (Super Micro Computer) – SMCI’s position in high-performance computing and data center infrastructure puts it in a great spot to benefit from the growth of AI and cloud computing.

39. CHWY (Chewy) – With pet care spending on the rise, Chewy’s strong customer base and subscription model offer significant growth potential. Especially after recent quarterly earnings.

40. TSLA (Tesla Inc.) – Tesla’s leadership in electric vehicles and renewable energy solutions positions it for rapid growth as the world shifts toward sustainable technologies, including the the soon to be live Robotaxi service and Optimus robot.

41. LUV (Southwest Airlines) – Southwest’s low-cost model and strong brand loyalty, combined with Elliot Investment Management’s activism, position it well.

And there you have it - 41 solid companies on my current watchlist, many of which I own in my safe money portfolio, and primarily focused/based on/in the U.S. market.

I’ve got plenty more on the Canadian side, though those tend to be smaller and a bit more speculative by nature.

I’ll be sharing a deep dive into those soon, especially the mining stocks that have caught my eye.

As always, stay tuned for more...

Happy hunting!