Which stock will boom in 2024?
Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are some of the stocks that will make you rich in 2024, besides Palantir Technologies Inc. (NYSE:PLTR).
Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are some of the stocks that will make you rich in 2024, besides Palantir Technologies Inc. (NYSE:PLTR).
Instead, it's the stocks of mega-size companies – Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) – that have soared in price over the past year, propelling the broad market to double-digit returns.
After a spectacular 2023, stocks are off to the races again in 2024. YTD, the Dow is up 2.72%, the S&P is up 7.28%, and the Nasdaq is up 6.41%. (And that's on top of last year's 13.7%, 24.2%, and 43.4% respectively.)
- BAMPSL Securities: With a current market price (CMP) of INR 9.87, BAMPSL.
- Securities have shown a 29.87% increase over the past year. ...
- Rajnish Wellness: Trading at INR 11.52, Rajnish Wellness has surged by **41.70%** in the last year, with a range of INR 7.75 to INR 20.50¹.
- SoundHound AI and Sweetgreen are up 174% and 116% so far in 2024.
- SoundHouse AI is seeing its platform for conversational intelligence explode in popularity.
- Sweetgreen has quadrupled over the past year, but it's still a broken IPO with potential to harvest.
| Ticker | Company | Performance (1 Year) |
|---|---|---|
| CRWD | Crowdstrike Holdings Inc | 146.60% |
| AVGO | Broadcom Inc | 115.87% |
| MU | Micron Technology Inc. | 95.62% |
| AMD | Advanced Micro Devices Inc. | 90.80% |
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Money market funds.
- Mutual funds.
- Index Funds.
- Exchange-traded funds.
- Stocks.
- British American Tobacco BTI.
- Imperial Brands IMBBY.
- Reckitt Benckiser Group RBGLY.
- Pfizer PFE.
- Anheuser-Busch InBev BUD.
- Polaris PII.
- Ambev ABEV.
- Estee Lauder EL.
- Health care.
- Real estate.
- Materials.
- Energy.
Will 2024 be bullish or bearish?
Potential economic obstacles in 2024 could delay the start of a sustained bull market, but investors can still find opportunities. Consider staying cautious on U.S. stocks while shifting to bonds for potential income and capital gains.
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
Analysts project 11.5% earnings growth and 5.5% revenue growth for S&P 500 companies in 2024. Fortunately, analysts see positive earnings and revenue growth for all eleven market sectors this year.
- DaVita Inc. ( ticker: DVA)
- DraftKings Inc. ( DKNG)
- Extra Space Storage Inc. ( EXR)
- First Solar Inc. ( FSLR)
- Gen Digital Inc. ( GEN)
- Microsoft Corp. ( MSFT)
- Nvidia Corp. ( NVDA)
- SoFi Technologies Inc. ( SOFI)
| Company (ticker) | 5-Year Avg. Yearly EPS Forecast |
|---|---|
| T-Mobile US, Inc. (TMUS) | 26.5% |
| Meta Platforms, Inc. (META) | 24.0% |
| Insulet Corporation (PODD) | 18.1% |
| Skechers U.S.A., Inc. (SKX) | 14.4% |
Reliance Industries
Its strong financial position and consistent dividends make it perfect for long-term investors. So, if you want to benefit from diversification and digitalisation trends, choose this best long-term stock.
The top undervalued, non-penny stocks on the NYSE or the Nasdaq for March 2024 that trade below $50 per share include Joyy, Ebang International Holdings, STRATTEC Security, Central Plains Bancshares, EuroDry, Landsea Homes, Viatris, Alico, Universal Stainless & Alloy Products, EQT, and Consolidated Water Co.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 2. | Brightcom Group | 15.85 |
| 3. | Easy Trip Plann. | 44.80 |
| 4. | Radhika Jeweltec | 65.35 |
| 5. | KMC Speciality | 90.38 |
| Stock Name | Ticker | Market Cap |
|---|---|---|
| Netflix, Inc. | NFLX | 101.613 B |
| Starbucks Corporation | SBUX | 99.101 B |
| Freshworks | FRSH | 1.820 B |
| Revlon, Inc. | REV | 223.640 M |
| Stock | Expected Change in Stock Price* |
|---|---|
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
Which stock to buy for 20 years?
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1168.85 |
| 2. | Life Insurance | 976.00 |
| 3. | Remedium Life | 113.00 |
| 4. | Tips Industries | 466.05 |
| Stock | Dividend yield | Dividend growth streak |
|---|---|---|
| Target Corp. (TGT) | 2.6% | 55 years |
| Walmart Inc. (WMT) | 1.4% | 50 years |
| Procter & Gamble Co. (PG) | 2.4% | 68 years |
| 3M Co. (MMM) | 6.5% | 65 years |
Key Takeaways: Growth stocks may see a robust 2024 on the strength of trends such as AI disruption and decarbonization. Small-cap stocks are trading at attractive valuations as analysts see the possibility of a rebound in 2024. The time could be right for locking in rates on long-term, high-yield bonds.
2024: A Good Year For Investors. After nearly 3 years and a 50% peak-to-trough hit in long-term Treasury total returns, normalization of interest rates argues for a meaningful rebound for fixed income. The substantial gains made since mid-October are likely part of a trend that is not yet over.
- Bajaj Finance Ltd.
- Titan Company Ltd.
- Varun Beverages Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Tube Investments of India Ltd.
- SRF Ltd.
- Solar Industries India Ltd.
- Persistent Systems Ltd.
