Finding stocks that can double your money in a period of only five years may sound like a tall order. However, it's quite a reasonable goal, and achievable if you play your cards right (and have some luck).
Chinese luxury electric vehicle maker Nio recently unveiled the first vehicle under its lower-priced Onvo brand, taking on Tesla's Tesla Model Y crossover, which is the world's best-selling EV. The new vehicle will have a starting price of RMB 219,900 yuan (about $30,500), which is about 10% below Tesla's Model Y in China, and should go on sale around September of this year.
Home Depot's sales trends have been under pressure due to macro uncertainty. The colossal size of the home-improvement industry gives this business plenty of growth runway.