Three Stocks That Could Double Again in 2024\n\nThe CEO of a struggling company has recently made controversial comments towards his employees, causing concern among many. The stock market has seen significant growth this year, with 127 stocks doubling in value. Palantir, Duolingo, and Wayfair have all seen impressive gains this year, with their stocks rising by 171%, 235%, and 104%, respectively.\n\nDuolingo, a language-learning application, has also seen significant growth this year. With people looking for activities during the pandemic, the app saw a surge in users. Now, with international travel restrictions easing, the company’s user base has continued to grow, with 83.1 million monthly active users. Duolingo has also turned profitable and has expanded its offerings, with the addition of music and an enhanced math module. With its strong momentum and increasing engagement and monetization, Duolingo is well-positioned for continued success in the future.\n\nWayfair, an online furniture retailer, has been a standout in recent quarters. Declining top-line results, the company has consistently beaten profit targets and has seen revenue growth accelerate. Wayfair has also expanded its offerings and improved its margins, making it the largest online retailer of furniture and home goods in the United States. The stock has more than tripled since its recommendation in 2019, and with its continued success, it has the potential to double again in 2024.\n\nPalantir, Duolingo, and Wayfair are three stocks that have seen impressive growth this year and have the potential to double again in 2024.

Earnings Results and Interest Rates Drive Stock Prices in the Long Run\n\nBy comparing the Most Accurate Estimate against the Zacks Consensus Estimate, the ESP provides valuable insights into a company's potential for positive earnings surprises.\n\nOne company that stands out is ASML (ASML), which currently holds a Zacks Rank #2 and has an Earnings ESP of 3.46%. With its upcoming earnings release on January 24, 2024, ASML is part of a group of Computer and Technology stocks with a positive ESP. Another company to watch is Qualcomm (QCOM), which has a Zacks Rank #3 and an Earnings ESP of 6.63%. With its next earnings report on February 1, 2024, Qualcomm is also poised for potential earnings beats.\n\nThese positive ESP figures suggest that both ASML and Qualcomm may outperform expectations in their upcoming earnings reports. For investors looking to capitalize on profitable earnings season trading, the Zacks Earnings ESP Filter can help identify stocks with the highest probability of positive or negative surprises.\n\nInvesting in Semiconductor Stocks for Unique Opportunities\n\nThe semiconductor sector has been experiencing a resurgence, making it an attractive area for investors to explore. With the demand for AI servers on the rise, companies like Micron and Qualcomm are well-positioned to benefit. Micron has also commented on the strong demand for AI servers, leading to an increase in their target price to $49 from $45.\n\nIn addition, Blackberry's quarterly IoT results and guidance have led to an increase in Qualcomm's already above-consensus price target to $155 from $150.\n\nEarnings results and interest rates are key drivers of stock prices in the long run. By utilizing tools like the Zacks Expected Surprise Prediction, investors can gain valuable insights into a company's potential for positive earnings surprises.