Stocks for the next bull market?
These mega-cap tech giants consisting of Alphabet (GOOG , GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) made investors rich in 2023 when it appears that the long-expected recession was averted.
| Company | Ticker | % of S&P 500 gain** |
|---|---|---|
| Nvidia | (NVDA) | 13.1% |
| Microsoft | (MSFT) | 9.7% |
| Amazon.com | (AMZN) | 8.1% |
| Alphabet | (GOOGL) | 6.1% |
| Stock | 2023 Performance* |
|---|---|
| 1. Jin Medical International Ltd. (ticker: ZJYL) | 3,020.1% |
| 2. Soleno Therapeutics Inc. (SLNO) | 1,932.8% |
| 3. Carvana Co. (CVNA) | 1,016.9% |
| 4. Cipher Mining Inc. (CIFR) | 637.5% |
| Stock | Implied upside over Jan. 17 close |
|---|---|
| Meta Platforms Inc. (META) | 5.9% |
| Tesla Inc. (TSLA) | 39.2% |
| Exxon Mobil Corp. (XOM) | 24.8% |
| AbbVie Inc. (ABBV) | 11.1% |
However, the index only recently finished recouping its bear-market losses and today sits just slightly above its January 2022 peak. With potential economic threats remaining and market uncertainties looming in 2024, investors may still need to have patience before a truly durable bull market can get underway.
Match Group (MTCH) Match Group (NASDAQ:MTCH) is the leading online dating apps stock and one that is widely expected to double in 2024. Consensus forecasts anticipate that the company will increase in value by more than 35% over the course of the next 12 to 18 months.
- Rentokil Initial RTO.
- AstraZeneca AZN.
- Tyler Technologies TYL.
| Company | Ticker | YTD Stock Gain as of Sept. 15 |
|---|---|---|
| ImmunoGen | IMGN | 217% |
| Arlo Technologies | ARLO | 211% |
| Super Micro Computer | SMCI | 198% |
| Nvidia | NVDA | 201% |
| Ticker | Company | Performance (Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 219.71% |
| SYM | Symbotic Inc | 163.56% |
| UPST | Upstart Holdings Inc | 81.31% |
| AI | C3.ai Inc | 74.97% |
With these details in mind, let's take a look at some A-rated stocks that billionaires are buying. Some notable names are Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).
What are 3 good stocks to invest in?
- Alphabet is easily one of the cheapest stocks in "Big Tech" based on two key valuation metrics.
- Meanwhile, Amazon has strengthened its long-term outlook by cutting costs and expanding in the AI market.
- Additionally, Nvidia is an attractive option with dominance in AI hardware and soaring earnings.
| Symbol | Name | % Change |
|---|---|---|
| FRHC | Freedom Holding Corp. | +8.81% |
| TBBK | The Bancorp, Inc. | +8.01% |
| MSTR | MicroStrategy Incorporated | +7.52% |
| AXP | American Express Company | +7.19% |
Screening for Future Winners
But investors can use screening tools, like screening for top Zacks Rank Strong Buy stocks, to help weed through the lists of stocks and get some names to start your search. Investors are going to have to do a lot of research and drilling down into the company's details, however.
This skepticism is just one reason we think the bull market will march on in 2024, delivering a good-to-great year for global stocks.
A Bull Market Is Coming: 1 Stock That Could Rocket 219% Higher in 2024, According to Wall Street. It isn't over yet, but 2023 has given Wall Street a lot more to be excited about than 2022 did. Signs of a soft landing for the U.S. economy have pushed the S&P 500 index up nearly 20% this year.
The S&P 500's feverish late-year rally has brought the index to its highest closing level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022. A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 305.85 |
| 2. | Refex Industries | 709.05 |
| 3. | Tanla Platforms | 1037.50 |
| 4. | M K Exim India | 99.35 |
- Splunk (NASDAQ:SPLK) stock, backed by strong business developments, is poised to deliver multibagger returns by 2025. ...
- Among emerging names in the technology industry, Amdocs (NASDAQ:DOX) is worth considering.
- Amazon (AMZN) Source: Tada Images / Shutterstock.com. ...
- Meta Platforms (META) Source: Ascannio / Shutterstock.com. ...
- Restaurant Brands (QSR) Source: Savvapanf Photo / Shutterstock.com.
The easiest guaranteed return in 2024 has to be a high-yield savings account, CD, Treasury, or money market, according to Jay Zigmont, PhD, CFP, founder of Childfree Wealth, as you are guaranteed to get the interest specified.
What is the best industry to invest in in 2024?
The agriculture sector was selected as one of the top sectors for investment in 2024, driven by its fundamental role in the global economy and the increasing integration of technology in farming practices.
- ZeroFox (NASDAQ:ZFOX) is a high-risk, high-reward cybersecurity penny stock that currently trades at $0.58 per share. ...
- Perion (NASDAQ:PERI) is another small, but less risky, company. ...
- Celsius (NASDAQ:CELH) is the most valuable company on this list by market cap.
Magnificent Seven Stocks To Buy And Watch: Nvidia Slides, Tesla Rebounds After Plunge. Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains.
Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen nearly 117 percent, far outpacing the performance of the other 493 companies in the S&P 500. Together, these stocks have become known as the “Magnificent Seven.”
55.1% of Warren Buffett's $370 Billion Stock Portfolio Is Invested in 4 Artificial Intelligence (AI) Stocks. The Motley Fool.
