While obviously this is just a deadly roulette spin, I’ll take a semi-logical approach to it.
For me, a pre-requisite would have to be a company with serious financial backing, and is still an emerging company. Their service/product must also standout compared to its competitors. So roughly, that would knock out all penny stocks, and knock out all well established companies.
Logically, I feel like I would lean towards a more volatile tech company. Because of this, I’m really spinning the wheel in the sense that the company I choose will just as likely go down 50% just as much as it will go up 100%. It should not be a company with even the potential of going to 0 due to its serious financial backing mentioned earlier.
With this frame work in mind, the first company that comes to my mind is Rivian. This stock could very well drop to $10 in a few months, but equally as likely it could hit $30. I might be regarded for this opinion, but I’d like to hear opinions on this, as well as opinions on other potential x2 2024 stocks.
