Two stocks that just might double

Two stocks that just might double


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On the distant investment horizon, Oakmark Fund portfolio manager Bill Nygren sees some bright lights. "As a long-term investor, if you think about normalized P/Es being mid-teens


multiples, if you think about growth having been deferred a couple of years, rather than eliminated, if we see stocks getting back up to 15 times earnings, and seeing earnings recover in a


couple of years, there are lots of companies that that would create a double in price from today's levels," Nygren told CNBC. RECOMMENDATIONS: Asked to name names, Nygren begins


with American Express. "They earned $3 and change last year," he said.  "Their earnings are still nicely positive this year, down about 30 percent, but relative to their


financial services peers, that's a very good performance."  He also likes Boeing. _________________________________ _MORE CNBC INTELLIGENCE:_ * Wilbur Ross: I'm Buying


Financial Services _________________________________ DISCLOSURES: Disclosure information for Bill Nygren was not immediately available. Disclaimer