28 Stocks That Could Double. I Found Them in This Selloff.
Stage 4 confirmed. Energy leads. Here is why fear is creating the best setups I've seen in months.
The market is in Stage 4. I am staying defensive. And I have spent the past week scanning systematically for the 28 best opportunities this selloff has created — businesses being priced for failure that are anything but. I am calling this the 10X Doubles Portfolio. Two names are free this week. The rest follow for paid subscribers.
Photo by Hannes Knutsson on Unsplash
MACRO — Three things I'm watching
Oil first. The weekly chart says it all. We are at peak levels since the war began. Higher oil acts like a tax on the entire economy — good for energy producers, bad for margins, bad for consumers, bad for cyclicals, bad for sentiment. Until this reverses, the macro headwind is real.
The 10-year Treasury yield. Sitting at 4.44% and trending upward. Higher yields mean higher borrowing costs and lower valuations for growth stocks. The bond market is not pricing in relief anytime soon.
Financial conditions — the one piece of good news. The Chicago Fed National Financial Conditions Index, which tracks stress across money markets, debt markets, and equity markets, is still in safe territory. Slightly deteriorating, but not broken. This matters because it tells us the economy is not yet in a credit crunch. The underlying machinery is still functioning.
The picture in a nutshell: the backdrop entering this crisis — strong earnings growth, healthy credit availability — was genuinely good. That picture has been disrupted by the conflict, not destroyed. If oil retreats and the situation stabilizes in the coming weeks, the market can recover quickly. If oil stays elevated or moves higher, we get more damage.
One more data point worth noting: the NAAIM Exposure Index — which measures how much active investment managers are currently allocated to stocks — showed a modest uptick last week. Some managers have started bottom fishing. That is not a buy signal. But it suggests the capitulation phase may be closer than it appears.
For now, the right stance is clear: stay near the shore.
INDEX & SECTORS — Stage 4 is confirmed
Running the S&P 500 weekly chart through a Weinstein Stage Analysis lens, the call is unambiguous.
Stage call: Stage 4. This is no longer a pullback inside an uptrend. This is a market that has broken its structure.
What the chart is saying:
The index has broken below the major moving average cluster — both the 30-week and 40-week averages have been lost
MACD is deeply negative and still deteriorating — no sign of a bottom forming
RSI near 35 signals weak momentum, not a mild correction that is about to bounce
This does not look like a routine pause. It looks like a market in transition lower
The key level to watch: if the S&P 500 cannot reclaim its lost moving averages on a weekly close, the next logical support sits in the 6,100–6,150 zone.
Sectors — this is fear, not rotation
One area is working. One.
Energy (XLE) is the only true leader — best weighted average by far, strong 1, 3, and 6-month performance, still flagged as a leader. That makes complete sense given the macro backdrop. But be aware: energy leadership is event-driven. If oil prices collapse on a ceasefire or diplomatic development, this reverses fast.
Everything else is weak or getting weaker: Technology (XLK), Financials (XLF), Consumer Cyclicals (XLY), Communication Services (XLC), Industrials (XLI), Materials (XLB). Even the defensive sectors are not offering meaningful shelter.
When defensives are also selling off, this is not rotation. This is money leaving the market entirely — moving into cash and equivalents. The Iran conflict is reinforcing exactly what the sector table already showed before it began: narrow leadership, broad weakness.
What this means for positioning using Weinstein rules:
Keep exposure low
Do not assume every dip is buyable
Avoid weak sectors entirely
Focus only on exceptional charts in true leadership groups
Right now, that means energy — and even there, you must respect headline risk.
PORTFOLIOS
In this environment I am doing almost nothing in my existing portfolios. Patience is the correct position when the market is below its 200-day moving average and leadership is this narrow.
But doing nothing in your portfolios is not the same as doing nothing at all.
INTRODUCING: THE 10X DOUBLES PORTFOLIO
Markets like this create opportunities most investors miss. When fear takes over, prices get driven below what fundamentals actually justify — not because the businesses are broken, but because everything sells off indiscriminately.
So over the past week I have been running a systematic scan with one specific goal: find strong businesses with improving fundamentals that have been penalized beyond reason in this environment. Businesses where the market is pricing in mediocrity, but the underlying numbers tell a completely different story.
I am calling this new portfolio the 10X Doubles Portfolio. The thesis is simple: these are stocks I believe can double — from entry price — within 6 to 24 months.
After running my full screening criteria, I have identified 28 stocks that qualify. The first two names — DELL and LQDA — are free this week so you can judge the methodology yourself. The remaining 26 are behind the paid tier, released progressively in the weeks ahead.
The methodology behind every name:
When I analyze a stock for this portfolio I use clean, adjusted financial data — not the standard as-reported numbers that most investors rely on. This gives me a much clearer picture of what a business is actually earning and where it is heading.
The key question I ask for every candidate: at the current price, what level of profitability must this business deliver perpetually to justify its valuation? If the market’s embedded expectation is very low compared to where the business actually is and where it is headed — and if sales and profits are growing with a genuine tailwind behind them — that is a serious opportunity.
Today I am sharing the first two names.
#1 — DELL (Dell Technologies)
See scorecard below.
Dell is being priced as a commoditized hardware business. The adjusted data tells a different story — improving return on assets, expanding asset growth, and AI infrastructure demand that is structural, not cyclical. The market’s embedded expectation at the current price is far below what Dell is already delivering. That gap is the opportunity.
Entry: BUY STOP order for 14 shares if the stock touches $175 Position size: $2,500 (half position — market is below 200d MA, so I start with half)
#2 — LQDA (Liquidia Corporation)
See scorecard below.
LQDA is a classic misunderstood growth story. The adjusted fundamentals show a business with accelerating profitability trajectory and strong asset growth — while the market is pricing in near-zero perpetual returns. Add a clear regulatory and commercial tailwind and the setup becomes compelling.
Entry: BUY STOP order for 67 shares if the stock touches $37.30 Position size: $2,500 (half position — same reasoning as above)
DELL and LQDA are free this week — so you can judge the methodology yourself. The remaining 26 names on the Doubles watchlist are below, for paid subscribers. $10/month. Less than one trade commission.
Risk management for this portfolio
No hard intraday stop losses on these positions. Instead I use a weekly review rule: if any position is down more than 20% from entry at the end of the week, I sell. The reason for a weekly rather than intraday stop is deliberate — in volatile markets, intraday noise can stop you out of a perfectly good thesis. I want to give these positions room to breathe while still capping downside at a defined level.
What’s next
Over the coming weeks I will share more names from the Doubles watchlist — and eventually the full screening criteria so you can see exactly how each stock qualifies.
This is early innings. The 28 stocks I have identified represent the best risk/reward setups I can find right now. Not all of them will double. But the combination of depressed valuations, improving fundamentals, and identifiable catalysts gives this portfolio a genuine structural edge.
Stay patient. Stay selective. And let the market show its hand before getting aggressive.
— Giovanni
Important: This is not investment advice. Please consult a licensed financial advisor before making any investment decisions. AI tools used for editing.
Great update, Giovanni. I completely agree that patience is key right now. I am looking forward to seeing your screening criteria and the rest of the names on the watchlist.