The stock market is very firmly in a bull market, with the $S&P 500 in...

The stock market is very firmly in a bull market, with the $S&P 500 index(.SPX.US)$ and Nasdaq Composite up 21.6% and 16.2% so far this year, respectively. However, growth stocks like Roku are firmly in a bear market.

I’m using my pick of the year to venture from a potentially safe and trending stock and going with a down-and-out pick. It’s like a “Dogs of the Dow” selection, but on steroids.

The risk here is clear: The rest of the stock market falls into some type of correction — which wouldn’t be weird after this big of a rally — and it weighs on growth stocks even more. Or growth stocks in general lag the rest of the market.

However, the reward is clear too: $Roku Inc(ROKU.US)$ stock could double from current levels and still remain down 22% below its all-time high. If we revisit the all-time high in 2022, it will mean Roku rallied almost 160% from the Dec. 15 low.