When a stock hits a new all-time high, it's usually a strong indicator that the business is executing well. However, after the terrible performance of many stocks in 2022, there might not be many stocks setting records in 2023.

The basic math is that if a stock falls by 50%, it must double to reach its previous mark. With many stocks down that much or more, the list is short for stocks that have the potential to hit new highs.

I think two stocks that could do so this year are Visa (NYSE: V) and MercadoLibre (NASDAQ: MELI).

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Source Fool.com