Finicast·Hockey-stick stocks: 151 flat-then-2× moves relative to the S&P 500, 2016-2026 (FMP data as of 2026-09-25)View onlyLog in
Hockey-stick scan171 cardsReader view ↗

151 stocks that were flat for a year, then doubled and held

Rules (fixed before looking at results, applied to each stock's price relative to the S&P 500 so market-wide rallies do not count):

  • Base: the 52 weeks before the knee trend at most +10% a year (last 6 months at most +15% a year), and the base's high is at most 2× its low.
  • Rise: the price reaches 2× the base level within 1 to 12 months of the knee.
  • Sustain: for the next 26 weeks the median stays at or above 2× and never falls below 1.6×.
  • Liquidity: base price at least $3 and median daily trading at least $1M.

The knee is placed by fitting a two-segment line to weekly log prices; every rule is checked against the year right before that knee. Scan of ~12,000 US stocks with FMP prices, 2016 to September 2026.

By mechanism: how often the cause was public before the knee, and how far ahead

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By industry theme

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By year of the knee

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Peak multiple of the base level in the 6 months after reaching 2× (click a bar to list them)

Hockey-stick scan
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Weeks from the knee to 2×

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All matches (click a row for the stock's page)

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Every match, grouped by the mechanism of the move

Causes, first public signals and lead times were researched after the fact with web search (sources in the data table); they describe what happened, not a tested strategy. Within each group, earliest knee first. Each chart shows 6 months before its base year to 9 months after it first reached 2× (use the range control beside a title to widen it): month-end share price and price relative to the S&P 500 scaled to the price at the knee. The shaded span is the base year, the accent line the knee, the other line the month it first reached 2×. Drivers were labelled after the fact by a model and reviewed by hand; they describe what happened, not what was knowable at the knee.

Turnarounds (26)

new management, cost cuts, margin repair; the signal is in the company's own filings. Signal clearly public before the knee for 6 of 26.

LGIH · LGI Homes, Inc. (knee 2017-03, peak 2.2×)

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HAE · Haemonetics Corporation (knee 2017-08, peak 2.4×)

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NSP · Insperity, Inc. (knee 2017-08, peak 2.6×)

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LULU · Lululemon Athletica Inc. (knee 2017-08, peak 2.5×)

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AMED · Amedisys, Inc. (knee 2018-02, peak 2.5×)

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LRN · Stride, Inc. (knee 2018-04, peak 2.2×)

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LSCC · Lattice Semiconductor Corporation (knee 2018-05, peak 3.1×)

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SYNA · Synaptics Incorporated (knee 2019-07, peak 2.5×)

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MYRG · MYR Group Inc. (knee 2020-05, peak 2.7×)

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PACB · Pacific Biosciences of California, Inc. (knee 2020-06, peak 11.1×)

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AGYS · Agilysys, Inc. (knee 2020-07, peak 2.5×)

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AVID · Avid Technology, Inc. (knee 2020-08, peak 3.8×)

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IESC · IES Holdings, Inc. (knee 2022-08, peak 2.3×)

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XPO · XPO Logistics, Inc. (knee 2022-09, peak 2.5×)

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SKYW · SkyWest, Inc. (knee 2022-11, peak 2.4×)

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GAP · The Gap, Inc. (knee 2023-07, peak 2.6×)

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PNTG · The Pennant Group, Inc. (knee 2023-09, peak 2.4×)

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FIP · FTAI Infrastructure Inc. (knee 2023-11, peak 2.4×)

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ADMA · ADMA Biologics, Inc. (knee 2023-12, peak 4.2×)

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DXPE · DXP Enterprises, Inc. (knee 2024-01, peak 2.5×)

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ATRO · Astronics Corporation (knee 2025-01, peak 2.8×)

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BKD · Brookdale Senior Living Inc. (knee 2025-01, peak 2.8×)

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FIGS · FIGS, Inc. (knee 2025-05, peak 3.1×)

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NGL · NGL Energy Partners LP (knee 2025-06, peak 3.5×)

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NESR · National Energy Services Reunited Corp. (knee 2025-06, peak 3.5×)

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FSLY · Fastly, Inc. (knee 2025-08, peak 4.5×)

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Commodity pass-through (21)

a price the company is levered to moves: gold, oil, gas, freight, crypto; the signal is in the commodity market. Signal clearly public before the knee for 9 of 21.

DINO · HF Sinclair Corporation (knee 2017-06, peak 2.6×)

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FCX · Freeport-McMoRan Inc. (knee 2020-05, peak 3.5×)

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NFE · New Fortress Energy Inc. (knee 2020-05, peak 3.6×)

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LPX · Louisiana-Pacific Corporation (knee 2020-05, peak 2.5×)

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TFIN · Triumph Financial, Inc. (knee 2020-07, peak 3.0×)

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OLN · Olin Corporation (knee 2020-07, peak 3.0×)

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TPL · Texas Pacific Land Corporation (knee 2020-10, peak 2.6×)

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ATKR · Atkore Inc. (knee 2020-10, peak 2.6×)

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MUSA · Murphy USA Inc. (knee 2021-07, peak 2.5×)

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CRK · Comstock Resources, Inc. (knee 2021-07, peak 3.7×)

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CVI · CVR Energy, Inc. (knee 2021-11, peak 2.9×)

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TDW · Tidewater Inc. (knee 2021-11, peak 2.7×)

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EQT · EQT Corporation (knee 2021-12, peak 2.8×)

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INSW · International Seaways, Inc. (knee 2022-01, peak 3.6×)

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HOOD · Robinhood Markets, Inc. (knee 2023-11, peak 4.8×)

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NEM · Newmont Corporation (knee 2025-02, peak 2.7×)

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B · Barrick Mining Corporation (knee 2025-02, peak 2.7×)

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ARIS · Aris Mining Corporation (knee 2025-02, peak 4.9×)

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CDE · Coeur Mining, Inc. (knee 2025-03, peak 3.8×)

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MUX · McEwen Mining Inc. (knee 2025-05, peak 3.1×)

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HL · Hecla Mining Company (knee 2025-06, peak 4.9×)

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Exogenous demand shocks (21)

COVID and other outside events; rarely knowable before the knee. Signal clearly public before the knee for 1 of 21.

SPWH · Sportsman's Warehouse Holdings, Inc. (knee 2019-08, peak 3.6×)

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QDEL · QuidelOrtho Corporation (knee 2019-11, peak 4.2×)

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RDFN · Redfin Corporation (knee 2019-11, peak 2.7×)

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CHGG · Chegg, Inc. (knee 2019-12, peak 2.4×)

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ETSY · Etsy, Inc. (knee 2020-01, peak 3.1×)

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TWST · Twist Bioscience Corporation (knee 2020-01, peak 6.0×)

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BAND · Bandwidth Inc. (knee 2020-01, peak 2.9×)

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GNMK · GNMK (knee 2020-01, peak 3.2×)

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HUBS · HubSpot, Inc. (knee 2020-02, peak 2.7×)

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TRLV · Trulieve Cannabis Corp. (knee 2020-03, peak 3.7×)

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HZO · MarineMax, Inc. (knee 2020-03, peak 2.9×)

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LAD · Lithia Motors, Inc. (knee 2020-04, peak 2.6×)

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ARCB · ArcBest Corp (knee 2020-04, peak 3.0×)

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SONO · Sonos, Inc. (knee 2020-05, peak 3.1×)

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ROKU · Roku, Inc. (knee 2020-06, peak 3.3×)

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AOSL · Alpha and Omega Semiconductor Limited (knee 2020-06, peak 3.0×)

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VCEL · Vericel Corporation (knee 2020-07, peak 3.4×)

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BKE · The Buckle, Inc. (knee 2020-07, peak 2.2×)

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ESTA · Establishment Labs Holdings Inc. (knee 2020-08, peak 3.5×)

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WOW · WideOpenWest, Inc. (knee 2020-09, peak 3.1×)

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FTNT · Fortinet, Inc. (knee 2020-12, peak 2.2×)

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Derived-demand bottlenecks (19)

spending announced elsewhere creates a shortage in an input the company supplies; the first signal is usually in other companies' disclosures. Signal clearly public before the knee for 11 of 19.

TKO · TKO Group Holdings, Inc. (knee 2017-10, peak 3.9×)

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NVDA · NVIDIA Corporation (knee 2019-06, peak 2.7×)

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CDMO · Avid Bioservices, Inc. (knee 2020-06, peak 3.3×)

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LTHM · Livent Corporation (knee 2020-07, peak 2.9×)

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DELL · Dell Technologies Inc. (knee 2023-03, peak 3.0×)

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VST · Vistra Corp. (knee 2023-07, peak 3.3×)

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AGX · Argan, Inc. (knee 2024-02, peak 3.1×)

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SEI · Solaris Energy Infrastructure, Inc. (knee 2024-05, peak 3.6×)

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ATI · ATI Inc. (knee 2025-03, peak 2.8×)

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CECO · CECO Environmental Corp. (knee 2025-04, peak 2.7×)

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STX · Seagate Technology Holdings plc (knee 2025-04, peak 3.9×)

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LRCX · Lam Research Corporation (knee 2025-04, peak 3.9×)

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AEIS · Advanced Energy Industries, Inc. (knee 2025-04, peak 2.9×)

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TTI · TETRA Technologies, Inc. (knee 2025-05, peak 2.8×)

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WDC · Western Digital Corporation (knee 2025-05, peak 5.3×)

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MOD · Modine Manufacturing Company (knee 2025-05, peak 2.7×)

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FORM · FormFactor, Inc. (knee 2025-08, peak 4.0×)

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DOCN · DigitalOcean Holdings, Inc. (knee 2025-08, peak 5.0×)

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VIAV · Viavi Solutions Inc. (knee 2025-09, peak 4.7×)

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Binary readouts (18)

trial data, approvals, rulings; the stock often runs up into a readout whose date is known in advance. Signal clearly public before the knee for 1 of 18.

FOLD · Amicus Therapeutics, Inc. (knee 2017-01, peak 2.3×)

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ARNA · Arena Pharmaceuticals, Inc. (knee 2017-04, peak 2.9×)

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ZGNX · Zogenix, Inc. (knee 2017-04, peak 3.6×)

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IOVA · Iovance Biotherapeutics, Inc. (knee 2017-08, peak 2.8×)

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ATRA · Atara Biotherapeutics, Inc. (knee 2017-10, peak 3.0×)

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RETA · Reata Pharmaceuticals, Inc. (knee 2018-03, peak 3.2×)

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SGEN · Seagen Inc. (knee 2019-07, peak 2.4×)

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XLRN · Acceleron Pharma Inc. (knee 2019-10, peak 2.5×)

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AUPH · Aurinia Pharmaceuticals Inc. (knee 2019-10, peak 3.2×)

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KURA · Kura Oncology, Inc. (knee 2020-03, peak 3.0×)

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XENE · Xenon Pharmaceuticals Inc. (knee 2020-11, peak 2.3×)

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PRTA · Prothena Corporation plc (knee 2020-12, peak 5.3×)

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PCVX · Vaxcyte, Inc. (knee 2022-01, peak 2.6×)

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MDGL · Madrigal Pharmaceuticals, Inc. (knee 2022-09, peak 4.2×)

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IONS · Ionis Pharmaceuticals, Inc. (knee 2025-03, peak 2.2×)

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ROIV · Roivant Sciences Ltd. (knee 2025-06, peak 2.5×)

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DNTH · Dianthus Therapeutics, Inc. (knee 2025-07, peak 4.1×)

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VICR · Vicor Corporation (knee 2025-09, peak 6.0×)

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Adoption inflections (16)

a product crosses into mainstream use, visible in usage and customer data before the financials. Signal clearly public before the knee for 4 of 16.

MTCH · Match Group, Inc. (knee 2017-06, peak 2.3×)

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AXON · Axon Enterprise, Inc. (knee 2017-11, peak 2.9×)

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TWLO · Twilio Inc. (knee 2017-12, peak 3.3×)

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SEDG · SolarEdge Technologies, Inc. (knee 2019-03, peak 3.0×)

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DXCM · DexCom, Inc. (knee 2019-07, peak 3.5×)

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IRTC · iRhythm Technologies, Inc. (knee 2019-12, peak 3.2×)

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AGNT · AGNT, Inc. (knee 2020-04, peak 8.9×)

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JYNT · The Joint Corp. (knee 2020-08, peak 5.1×)

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ELF · e.l.f. Beauty, Inc. (knee 2022-05, peak 4.0×)

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VITL · Vital Farms, Inc. (knee 2023-10, peak 3.3×)

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TPB · Turning Point Brands, Inc. (knee 2024-02, peak 2.5×)

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CORT · Corcept Therapeutics Incorporated (knee 2024-04, peak 3.2×)

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CCB · Coastal Financial Corporation (knee 2024-05, peak 2.3×)

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RBLX · Roblox Corporation (knee 2024-08, peak 2.9×)

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NET · Cloudflare, Inc. (knee 2024-09, peak 2.5×)

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SPHR · Sphere Entertainment Co. (knee 2025-06, peak 3.5×)

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Policy and regulation (10)

legislation, tariffs, reimbursement or budgets change the economics. Signal clearly public before the knee for 3 of 10.

ENVA · Enova International, Inc. (knee 2017-10, peak 2.6×)

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RUN · Sunrun Inc. (knee 2017-12, peak 2.6×)

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REGI · Renewable Energy Group, Inc. (knee 2018-02, peak 2.6×)

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AMRC · Ameresco, Inc. (knee 2019-11, peak 3.4×)

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LOB · Live Oak Bancshares, Inc. (knee 2020-06, peak 3.7×)

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FSLR · First Solar, Inc. (knee 2022-05, peak 3.1×)

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LASR · nLIGHT, Inc. (knee 2025-03, peak 3.8×)

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UUUU · Energy Fuels Inc. (knee 2025-04, peak 4.7×)

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UEC · Uranium Energy Corp. (knee 2025-04, peak 2.9×)

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CENX · Century Aluminum Company (knee 2025-06, peak 3.3×)

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Corporate catalysts (10)

takeovers, spin-offs, strategic stakes, index inclusion. Signal clearly public before the knee for 0 of 10.

SRDX · Surmodics, Inc. (knee 2017-08, peak 2.6×)

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PPLI · People Incorporated (knee 2020-03, peak 2.7×)

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NTLA · Intellia Therapeutics, Inc. (knee 2020-03, peak 5.0×)

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ASTH · Astrana Health, Inc. (knee 2021-01, peak 5.0×)

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BRG · Bluerock Residential Growth REIT, Inc. (knee 2021-09, peak 2.9×)

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NWLI · National Western Life Group, Inc. (knee 2022-09, peak 2.4×)

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JOBY · Joby Aviation, Inc. (knee 2024-08, peak 3.0×)

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NG · NovaGold Resources Inc. (knee 2025-03, peak 3.5×)

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INTC · Intel Corp. (knee 2025-07, peak 4.9×)

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RVMD · Revolution Medicines, Inc. (knee 2025-08, peak 4.2×)

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Rate and credit cycle (7)

a turn in rates or credit changes bank, insurer and homebuilder economics. Signal clearly public before the knee for 3 of 7.

VRTS · Virtus Investment Partners, Inc. (knee 2020-05, peak 2.2×)

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SIVB · SVB Financial Group (knee 2020-06, peak 2.2×)

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RILY · BRC Group Holdings, Inc. (knee 2020-08, peak 2.6×)

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WAL · Western Alliance Bancorporation (knee 2020-08, peak 2.2×)

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MHO · M/I Homes, Inc. (knee 2022-09, peak 2.6×)

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FOR · Forestar Group Inc. (knee 2022-10, peak 2.3×)

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JXN · Jackson Financial Inc. (knee 2023-08, peak 2.4×)

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Reflexive assets (1)

the company is a levered bet on another asset. Signal clearly public before the knee for 1 of 1.

MSTR · Strategy Inc (knee 2020-07, peak 6.8×)

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Probably measurement artifacts (2)

doubled within days of a spin-off; the scan likely mis-measured them

NC · NACCO Industries, Inc. (knee 2017-07, peak 2.6×)

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ADEA · Adeia Inc. (knee 2022-06, peak 2.9×)

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