2 Stocks That Can Double Again in the Second Half of 2021

Last year was surprisingly big for growth stocks. This year, the upticks have been harder to come by. Just 115 U.S. exchange-listed stocks with market caps above $1 billion have doubled through the first six months of this year, and most of them won't repeat the feat again in 2021.

However, Revolve Group (NYSE: RVLV) and Funko (NASDAQ: FNKO) are in position to potentially double in value again in the second half of 2021, and investors should pay attention.

The case for Revolve Group

It's been just two years since Revolve Group hit the market, and it has been a wild ride. The online apparel retailer IPOed at $18 in June 2019, and briefly traded up to nearly $50 before heading back down to near that original level. Then, during last year's pandemic selloff, it crashed to the single digits. At this point, though, Revolve Group has made all of that ground back, hitting new all-time highs this month with a 124% year-to-date gain through Friday's close.

Revolve Group takes a unique approach to e-tail. It leans on social media influencers to promote apparel offerings that they like. That's a cheaper method for generating leads than traditional advertising, and also more effective. Popular social media personalities aren't called influencers by accident. They influence their large audiences, who back that loyalty by digging deep into their wallets to emulate the wardrobes of their faves. In Revolve Group's latest reported quarter, its revenue rose by a better-than-expected 22%. The average size of the 1.3 million orders placed during the period was $256.