Two Stocks That Just Might Double

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.

"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." 

Disclosure information for Bill Nygren was not immediately available.

Sign up for free newsletters and get more CNBC delivered to your inbox

Get this delivered to your inbox, and more info about our products and services.

© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal