If you look, you can find stocks that have doubled in value in short time periods, but chasing after small, speculative stocks like that is usually a fool's game.
Even if a stock makes a remarkable run up, I always have to be satisfied with the underlying fundamentals that got it there.
Here are four stocks that shot up 25% or more from early July and have stable businesses to build your portfolio returns with.
1) TPG Telecom Ltd (ASX: TPM) is a $5.5 billion telecommunications company that has developed its own high-speed broadband network that rivals the speeds of the National Broadband Network. It offers bundled services to customers at attractive prices. The stock is up about 27% in the past three months, but looks like it could go further.
2) Cover-More Group Ltd (ASX: CVO), the travel insurance and medical assistance service provider, listed in December 2013 and in its maiden year had pro-forma revenue and earnings up in the double-digits. One of its specialties is assisting foreign students and workers with their medical and travel needs. It's up about 25% since early July and pays a 3.0% yield fully franked.
3) Domino's Pizza Enterprises Ltd. (ASX: DMP) has 600 takeaway shops domestically and is tipped for strong double-digit growth by analysts. Its plan is to add 300 more takeaways to its 75% controlled Domino's Pizza Japan business over the next five years. This is the kind of growth that could power the share price for years. It has climbed 27% in three months and is near new highs.
4) M2 Group Ltd (ASX: MTU) is another telecom company with brands such as Dodo, iPrimus and Commander. It will be offering National Broadband Network as well as utility payment services. Businesses can monitor and save on their gas and power usage, which will make the service popular among companies wanting to control expenses. Up 30% over three months, it looks set to challenge its high of more than $8 soon.
Investing is for the long-term and shouldn't be rushed. In addition to these four quality stocks, you will want to hear about two standout companies that even Warren Buffett, the billionaire investor, might like.
Access this report to find out about the two stocks that could help you build a strong portfolio.
If you are interested in Buffett's investing rules that made him rich and want to be successful at investing yourself, then I would suggest you get this report on how to value stocks like Buffett himself. Investing the Warren Buffett Way could make a big difference in building your wealth.
