Avon Jumps 18% After Bill Miller Sees '10-Bagger' Potential

Shares of Avon Products (AVP) are higher after Miller Value Partners Chairman Bill Miller said on CNBC that the stock could be a "10-bagger". Miller called Avon the most exciting stock purchase he's recently made. He believes the stock has the potential to rise 10-times its current price over the longer term. 

Shares of Avon are up 18%, or 34c, to $2.22 in early trading. Miller added during the interview that he also has a personal stock position in Coty (COTY). The investor also mentioned RH (RH) as a stock pick but said the shares are not as attractive near $130.