3 Hot Stocks That Can Double Again in the Fourth Quarter

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It's been a surprisingly good year for most growth stock investors. Despite a pandemic, recession, and general market fatigue, we've seen more than 200 major exchange-listed stocks more than double in 2020.

Some of them could be working on an encore as we head into the final three months of the year. Peloton Interactive (NASDAQ:PTON), Datadog (NASDAQ:DDOG), and JD.com (NASDAQ:JD) have gained more than 100% through the first nine months of 2020.

Let's go over why they have the catalysts to double again through the final three months of the year. 

Someone jumping from a 2020 cliff to a 2021 cliff with a sunset in the background.

IMAGE SOURCE: GETTY IMAGES.

Peloton

It's easy to dismiss Peloton as a pandemic play, but it's not fair or accurate. The company behind the high-end stationary bikes and treadmills may have just put up an insane 172% top-line surge in its latest quarter, but it was growing its reach even before the COVID-19 crisis. Revenue more than doubled in fiscal 2019 after soaring 99% the year before.

The popularity will also not fade once we're past the coronavirus disruption. Folks don't spring four figures for workout equipment only to walk away. Peloton now has 1.09 million subscribers paying $39 a month to connect to its fitness platform; the company expects to top 2 million subs a year from now. 

The new normal may have created an environment that's conducive to Peloton's growth. Churn is at a four-year low, and the number of monthly workouts per connected fitness subscribers has never been higher. Gyms and spinning classes are starting to reopen, but we're not seeing Peloton lose traction. It's also broadening its product line at market-widening price points.

Datadog

Some of this year's biggest winners are cloud-based enterprise platforms that make businesses more efficient, like Datadog. Its offerings help companies do everything from monitor uptime to improve visitor experience through next-gen analytics. 

Datadog's popularity is undeniable. Revenue surged 68% in its latest quarter, as its client count increased by 37% and the average existing customer spent 30% more than a year earlier. This isn't a fluke. Datadog's growth rate was actually higher in the past, and its dollar-based net retention rate has clocked in at 130% or higher for a dozen straight quarters. 

Datadog is expanding its product offerings, and more of its customers are signing up for multiple platforms. Datadog has also routinely boosted its guidance, including coming through with another “beat and raise” in August. Momentum is on its side after weathering the COVID-19 storm, and the near future is ripe with opportunities for its expanding addressable market.   

JD.com

China's largest online retailer in terms of revenue is booming again. The world's most populous nation is seeing the same online migration that we're experiencing here during the COVID-19 crisis. The trend has continued even though China is seemingly past the pandemic, given that its case counts peaked back in February. 

JD.com's net revenue rose 25% last year. It retreated to 21% during the first quarter of this year before bouncing back with a 34% rebound in its latest quarter. JD.com isn't a household name to most stateside investors, but it's a juggernaut with 417.4 million active customer accounts and $22.7 billion in trailing free cash flow. 

There are naturally some big risks when it comes to investing in Chinese stocks, but with so much momentum on its side, JD.com is worth it right now. It joins Peloton and Datadog among this year's biggest winners with the best chances of doubling again in the fourth quarter.

Bonus Pick: 5G

New 5G video going viral

You have got to see this video that's going viral…

One of the world's top angel investors – a tech genius named Jeff Brown – unveils a brand-new 5G device…

To our knowledge, this video is the first time it's been shared with the public.

Anyone looking to use 5G will need this device.

And Jeff believes this device will go from $0 to nearly $100 billion in sales – this year.

He's been successful on 95.3% of his own tech investments…

And he believes the company behind this device is the Number One Tech Stock of 2020.

But you have to see this video to believe how amazing this device is.

Take a look before this 5G sneak preview gets taken down.

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ELON’S FINAL MOVE

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

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3 High-Yield Dividends for Guaranteed Passive Income

Here are the best dividend stocks for smart investors to secure a steady & reliable “second income”. Our top pick is trading for just $2.
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New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” It promises to revolutionize the driving experience and hand investors MASSIVE profits.
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Forget 99% of Tickers - Just Use This One

Larry Benedict is sharing a crazy over-the-shoulder “demo” (less than 10 seconds). Learn how to make all the money you need – in any market – using a single stock.
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Is Amazon Obligated to Pay You?

Thanks to a U.S. law, you can claim your slice of this jackpot and collect up to $48,000 over the next year.

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#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
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#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
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Anyone can invest like “The People’s Shark” with as little as $100

You no longer have to be rich, famous, or powerful to become an angel investor. Starting now, it’s possible for you to get involved in these life-changing deals.
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Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
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2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
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One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
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$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
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"Bio-Chip" Sparks Potential 199,900% Surge by 2025

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