What stocks will skyrocket in 2024?
Danny Vena has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
| Stock | 2024 performance through Jan. 31 close |
|---|---|
| Rumble Inc. (RUM) | 52.6% |
| Dyne Therapeutics Inc. (DYN) | 60.9% |
| Edgewise Therapeutics Inc. (EWTX) | 62.9% |
| NewAmsterdam Pharma Co. NV (NAMS) | 83.3% |
Danny Vena has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
According to S&P Global Commodity Insights, investments in clean energy technology are projected to reach nearly $800 billion in 2024, a 10% to 20% increase from 2023. Solar energy is expected to receive the largest share of this investment, accounting for around 55% of the total.
- Rivian is finally hitting its production targets.
- SentinelOne aims to disrupt the cybersecurity market with its AI algorithms.
- IonQ is a speculative bet on the nascent quantum-computing market.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Brightcom Group | 17.58 |
| 2. | Rama Steel Tubes | 40.82 |
| 3. | Easy Trip Plann. | 48.67 |
| 4. | Radhika Jeweltec | 68.59 |
Meta's stock market performance in 2023 and 2024 has surpassed Amazon's. Both companies have surpassed the performance of the Nasdaq and the Generative AI Stock Index this year from Brain Rush, my forthcoming book. Here are the details: Meta: +182% in 2023, +31% in 2024 through February 2.
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.”
The top tech stocks, known as the Magnificent Seven - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) have all reported their latest quarterly results.
The personal care and service industry is expected to add about 544,800 new jobs over the next ten years, as the Bureau of Labor Statistics predicts. According to GlobeNewswire, most of this growth comes from post-pandemic operational changes leading to an influx in more business and employment.
What industry will boom in 2025?
- Sustainable Energy Solutions. ...
- E-commerce and Online Marketplaces. ...
- Health and Wellness Tech. ...
- Artificial Intelligence (AI) and Machine Learning. ...
- Content Management Agency.
Next Big Thing in Investing: Artificial Intelligence
Right now it seems that artificial intelligence (AI) is driving that bus and will be for the foreseeable future. AI has the potential to change how we do everything — from the way we shop to how businesses are run.
Let's check in on three of those stocks -- the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN), the cybersecurity company SentinelOne (NYSE: S), and the quantum computing firm IonQ (NYSE: IONQ) -- to see if they're worth buying. Image source: Getty Images.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 350.50 |
| 2. | Refex Industries | 669.40 |
| 3. | Tanla Platforms | 997.85 |
| 4. | M K Exim India | 74.31 |
| Stock | Forward price-to-earnings ratio (P/E) |
|---|---|
| Costco Wholesale Corp. (COST) | 40.0 |
| CrowdStrike Holdings Inc. (CRWD) | 73.8 |
| Enphase Energy Inc. (ENPH) | 25.3 |
| Microsoft Corp. (MSFT) | 30.0 |
Albemarle (NYSE:ALB) stock has all the potential in the world to double in 2024. In fact, ALB shares are forecast to more than triple based on the high analyst target price given on Wall Street.
Overall, we are cautious on the performance of risky assets and the broader macro outlook over the next 12 months, due to building monetary headwinds, geopolitical risks and expensive asset valuations.” Some of the best stocks to invest in 2024 for beginners include Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc.
| Stock Name | Market Cap (in Cr) | Share Price |
|---|---|---|
| Genpharmasec Ltd | ₹133 | ₹4.66 |
| Accuracy Shipping Ltd | ₹121 | ₹8.65 |
| Goyal Aluminiums Ltd | ₹124 | ₹8.9 |
| Prakash Steelage Ltd | ₹101 | ₹6.2 |
Amazon has 19.00% upside potential, based on the analysts' average price target. Is AMZN a Buy, Sell or Hold? Amazon has a conensus rating of Strong Buy which is based on 41 buy ratings, 0 hold ratings and 0 sell ratings.
Looking back to October—just before Tesla stock dropped 9.3% after the electric-vehicle company reported third-quarter earnings —Wall Street's earnings estimate for 2024 was roughly $4.50 a share. The estimate is down about 30% since then. Tesla stock has fallen about 24% over the same span.
How high will META go in 2024?
For the first quarter of 2024, Meta expects revenue to rise 20%-29% year over year. That easily exceeds analysts' estimates for an 18% increase, and implies the consensus full-year forecasts for 12% and 18% revenue and earnings growth, respectively, are too low.
The Magnificent Seven stocks are a group of high-performing and influential companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla. Bank of America analyst Michael Hartnett used the film name in 2023 when commenting on these seven firms.
| Ticker | Name | YTD Price Return |
|---|---|---|
| NVDA | NVIDIA Corp | 220.0% |
| VRT | Vertiv Holdings Co | 219.6% |
| PLTR | Palantir Technologies Inc | 212.3% |
| META | Meta Platforms Inc | 171.9% |
| Symbol | Name | % Change |
|---|---|---|
| VKTX | Viking Therapeutics, Inc. | +121.02% |
| DNLI | Denali Therapeutics Inc. | +38.25% |
| HIMS | Hims & Hers Health, Inc. | +31.02% |
| GOTU | Gaotu Techedu Inc. | +30.64% |
A 5-star rating means the stock is undervalued and trading at an attractive discount relative to its fair value estimate.
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