3 Stocks That Could Double Over the Next 2 Years

Group 1: Carnival (CCL) - Carnival has rebounded significantly from pandemic lows but remains 64% down from its five-year highs, indicating potential for growth if outstanding issues are resolved [2] - The company reported a net income of $1.7 billion in the fiscal third quarter, but profitability has been inconsistent, with expectations of a negative fourth quarter [2] - Carnival's debt peaked at nearly $35 billion, and while it has paid off some, it will take years to return to pre-pandemic levels, with management focusing on increasing free cash flow to manage debt repayment [3] - High demand for cruises is evident, with bookings through most of next year at record levels, and lower interest rates may facilitate debt refinancing [4] - If Carnival can improve its profit and debt management, the stock could potentially double again in the next two years [4] Group 2: Pinterest (PINS) - Pinterest has seen a resurgence in revenue growth, with quarterly revenue growth exceeding 20% year over year for two consecutive quarters, driven by recovery in the digital ad market and new AI features [5][6] - The platform's unique shopping-oriented user engagement has led to a doubling of outbound clicks to advertisers, enhancing its appeal [6] - Monthly active users have increased by 12% year over year, reaching 522 million, primarily from international markets, indicating significant global growth potential [7] - Pinterest's forward P/E ratio is reasonable at 23 for this year's earnings estimate, with potential for substantial share price increases if it meets Wall Street's expectations [7] Group 3: Opendoor Technologies (OPEN) - Opendoor's stock has declined 95% from its post-IPO peak due to the housing market collapse, but signs of recovery are emerging as the Federal Reserve lowers interest rates [8] - Current annual existing home sales are approximately 4 million, down 40% from pre-pandemic levels, but normalization could benefit Opendoor's business model [9] - The company has streamlined operations post-layoffs, which may enhance profitability, and the stock trades under $2, presenting a potential for doubling if market conditions improve [9]