Just because a stock has doubled or even tripled in a short period of time (and maybe looks ridiculously overpriced, too) doesn’t mean it can’t keep going higher — especially in the short-term.
November through January is historically the strongest three-month stretch for stocks. The taper is off the table and risk is back on. At this point, barring a bad-news surprise, plenty of stocks with loads of momentum look ready to rally through to year’s end.
No, you wouldn’t construct a long-term value portfolio this way. But sometimes hot stocks are hot stocks — fundamentals or valuation be damned.
Here are three stocks that have doubled, tripled and even quintupled for the year-to-date — and could close out the year with even more gains.