Please ensure Javascript is enabled for purposes of website accessibility

3 Stocks That Almost Doubled Again in 2017

By Rick Munarriz - Dec 29, 2017 at 10:07AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

NVIDIA, SodaStream, and Weibo more than doubled in 2016, and they all came through with big gains in 2017.

I went out on a limb last year, singling out three stocks that had more than doubled in 2016. I suggested that NVIDIA (NVDA -4.20%)SodaStream (SODA), and Weibo (WB 4.76%) -- stocks that soared 224%, 142%, and 108%, respectively, last year -- had catalysts in play to carry over into 2017.

I didn't exactly nail the prediction. Just one of the three stocks would go on to double again. However, all three have gone on to smoke the market. With one trading day left in 2017, NVIDIA, SodaStream, and Weibo have risen 86%, 78%, and 157%, respectively. It's not too shabby when the worst performer has soared 78%, and the average gain of the three stocks -- 107% -- does mean that a basket of all three stocks at equal weightings would have doubled in 2017. Let's check out the reasons for their success in back-to-back years.

Six SodaStream beverage makers in rainbow colors.

Image source: SodaStream.


NVIDIA was the S&P 500's biggest gainer in 2016, skyrocketing as the graphics chips specialist found a leading role in everything from virtual reality to artificial intelligence. One of the reasons for its success in 2016 was its knack for smoking the cover off the ball with every financial report, and the trend continues. NVIDIA has beaten Wall Street's profit targets by 19% or better every quarter over the past year. 

Gaming still accounts for the lion's share of NVIDIA's revenue, but growth continues to impress. Revenue rose 32% in its latest quarter with net income growing at nearly twice that rate. As long as NVIDIA keeps lowballing its guidance, the good times should continue for NVIDIA.


There's rarely a second act for a faddish product, but SodaStream has been a choice exception. The company that was roaring five years ago with its namesake maker of carbonated soft drinks is now riding the sparkling water craze.

SodaStream's latest guidance calls for revenue to climb 13%, the Israeli company's second year in a row of double-digit top-line growth. The bottom line is growing even faster -- just like NVIDIA -- with SodaStream forecasting 30% in earnings-per-share growth for all of 2017.

There's still value in the stock. SodaStream is trading at 21 times forward earnings, a reasonable multiple for a stock that has more than doubled in 2016 and nearly doubled in 2017. 


China's fast-growing social media darling has now more than doubled in back-to-back years. Revenue growth is accelerating in 2017, and it also helps that investors have been flocking to Chinese internet stocks this year. 

Wall Street pros keep juicing up their optimism when it comes to Weibo. Last month, it was Gregory Zhao at Barclays boosting his price target from $100 to $120. Zhao is encouraged by Weibo's healthy growth in monthly and daily active users and the upside of gaining market share in newsfeed advertising. Doubling for three years in a row would be a huge feat, but momentum is clearly in its corner.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

NVIDIA Corporation Stock Quote
NVIDIA Corporation
$145.23 (-4.20%) $-6.36
SodaStream International Ltd. Stock Quote
SodaStream International Ltd.
Weibo Corporation Stock Quote
Weibo Corporation
$24.23 (4.76%) $1.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/04/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.