MILLBURN, N.J. (Stockpickr) -- When I select a stock for an investment, one of my priority criteria is that the potential price appreciation has to be at least 20%. This provides enough price return to make me willing to accept the risk of my investment.On a totally different level, there is a great feeling one gets when a stock that they own goes from double digits (below $100) to triple digits (over $100). Quite often that move is not fleeting but the beginning of more dramatic longer term price and earnings growth. Take stocks such as Apple ( AAPL), Google ( GOOG), International Business Machines ( IBM) and the granddaddy of them all, Berkshire Hathaway ( BRK.A). IBM, thanks to having split its stock on multiple occasions, has broken the $100 price several times. So I thought it would be a good idea to marry these two seemingly unrelated concepts together, both of which are indicative of a strong stock. Doing so has resulted in a portfolio of stocks that have 20% price appreciation potential and should rise above the $100 price level in 2012. >>5 Big Stocks to Trade for January Gains Cummins (Price as of Dec. 31, 2011: $88.02) Cummins ( CMI - Get Report) is a manufacturer of engines and power generation systems. This company is in an industrial/transportation subsector that remains in demand around the globe, especially in the U.S. and emerging economies. In 2011, the stock price of Cummins declined 20% despite a surge in expected earnings per share of 68%. This resulted in a tremendous contraction of the price-to-earnings multiple, from 21 to about 11. This ratio has been quite volatile for the company's stock, hitting a low of 7 for fiscal 2008 before rising to 21 for fiscal 2010.
FedEx (Price as of Dec. 31, 2011: $83.51)
Deckers (Price as of Dec. 31, 2011: $75.57)
Fossil (Price as of Dec. 31, 2011: $79.36)
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