In response to popular demand by BNL Members, BNL Finance searched the market for stocks with the components and catalysts in place to create major appreciation in value. Specifically, we identified approximately 15 stocks right now with the potential to double in 2017.
Of course, “potential” will not necessarily translate to performance. And admittedly, the prospects for a handful of these stocks are far greater than others in 2017; several won’t likely appreciate until later on.
That said, each stock is rated from 0-10, with a 10 representing the best opportunity for 100% gains this year. In this scale, a company like Google, Amazon, or P&G would all have a score of “0”. Any stock with the number “1” has catalysts in place to double. Its just a matter of whether those catalysts materialize and come together at the right time.
Without further ado, let’s get to Part 1 of a 3-part series that identifies 15 stocks to double in 2017, or at least have the potential too. We will not only explain why LendingClub Corp (NYSE:LC), Twitter Inc (NYSE:TWTR), Sibanye Gold Ltd (ADR) (NYSE:SBGL), FNMA stock, and FMCC stock may all double in 2017, but also the likelihood that it actually happens.
Stocks to Double: LC stock
LendingClub Corp (NYSE:LC) is still suffering from the seemingly insignificant $22 million loan package that former management falsified. I say “insignificant” because LendingClub is doing over $8 billion in annual loan originations.
Still, LC stock has suffered mightily, down 45% over the last year and about 80% from its high. The cause of this loss is not the crime, but rather the investigations and big banks deciding not to purchase loans from LC.
However, 75% of LendingClub’s business is peer-to-peer, having nothing to do with big banks. What makes LC stock a potential double is not only its losses and valuation, but the fact that peer-to-peer lending is the fastest growing market for lending.
In other words, banks need LendingClub. Therefore, its no surprise that National Bank of Canada approved an investment of $1.3 billion to buy LendingClub loans over the next year. We believe it is very likely that Goldman, Citi, BancAlliance, and all the institutions that previously halted loan purchases will come around to LC throughout 2017.
If so, it means higher sentiment, and LC stock will likely double. We give LC stock a rating of “5” to double in 2017.