While many investors are focused on the S&P 500 and stocks right now, a historically beaten-down market has been riding high over the past year and could still have plenty of room to run.

In the following video, Fool markets analyst Mike Klesta talks with Fool contributor Dan Caplinger about one market that has doubled since last April and ways to invest in it.

Fool contributor Dan Caplinger and Mike Klesta have no position in any stocks mentioned. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.