3 Stocks That Could Double Your Money – Statesville Record & Landmark

Posted: February 20, 2021 at 7:46 pm

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GE chairman and CEO Larry Culp summed up the company's year saying: "As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment. The fourth quarter marked a strong free cash flow finish to a challenging year, reflecting the results of better operations as well as strong and improving orders in Power and Renewable Energy."

General Electric had been a longtime payer of meaningful dividends, but it slashed its payout by 90% a few years ago, when it was struggling. It has been slowly growing it again, and its dividend recently yielded 0.34%. If its free cash flow remains solid and keeps growing, it won't be surprising to see significant dividend increases ahead. That, along with stock-price appreciation, should help the stock double investors' money.

Pinterest (NYSE: PINS) shares surged more than 250% in 2020, and recently sported a price-to-earnings (P/E) ratio topping 200. So yes, this stock has priced in some great expectations. Thus, it may not double in the near future -- but its long-term future appears quite promising. The company's platform allows users to share visual inspirations of foods, fashions, styles, crafts, home decor, and more. There are a lot of these users, too -- more than 450 million, in fact, who use the site at least monthly. Altogether, users have saved close to 300 billion "pins."

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3 Stocks That Could Double Your Money - Statesville Record & Landmark

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February 20th, 2021 at 7:46 pm