What are the 7 stocks for 2024?
Trading Magnificent Seven Stocks In 2024
The so-called Magnificent 7 stocks -- Apple Inc., Amazon.com Inc., Alphabet Inc. Meta Platforms Inc., Microsoft Corp., Nvidia Corp. and Tesla Inc. -- are driving overall stock-market returns anew in early 2024.
1. Amazon. Amazon (NASDAQ: AMZN) is a the ideal growth stock because it's a leader in two high-growth markets: e-commerce and cloud computing. The company also is investing heavily in the hot area of artificial intelligence (AI), which is boosting earnings in two ways.
The group is made up of mega-cap stocks Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Meta Platforms (META), Tesla (TSLA) and Nvidia (NVDA). In 2023, the Magnificent 7 stocks logged an impressive average return of 111%, compared to a 24% return for the broader S&P 500.
Should we be worried? The so-called “Magnificent 7” U.S. tech behemoths encompass Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.
- Alphabet. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) leads off my list as a top stock in 2024. ...
- Amazon. Amazon (NASDAQ: AMZN) is a close second to Alphabet, as its business is starting to hit its stride. ...
- Airbnb. ...
- CrowdStrike. ...
- MercadoLibre. ...
- Taiwan Semiconductor. ...
- UiPath. ...
- dLocal.
- 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.
- Rentokil Initial RTO.
- AstraZeneca AZN.
- Tyler Technologies TYL.
- Campbell Soup CPB.
- Kenvue KVUE.
- Gilead Sciences GILD.
The Magnificent 7 stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — account for roughly 29% of the S&P 500 these days, according to data from Goldman Sachs.
What are the 5 star stocks?
A 5-star rating means the stock is undervalued and trading at an attractive discount relative to its fair value estimate.
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.”
Warren Buffett's Berkshire Hathaway (BRK.A) commands the No. 1 position, with an impressive stock price of over half a million dollars. Swiss chocolatier Lindt & Sprüngli (LISN) holds steady at No. 2 with its six-figure stock price of CHF 118,400.
Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant.
The Godfather himself, Benjamin Graham has laid out the principles for investing in stocks and you should be paying attention.
Jordan Ross Belfort (/ˈbɛlfərt/; born July 9, 1962) is an American former stockbroker, financial criminal, entrepreneur, speaker, and author.
- Oracle Corporation (NYSE:ORCL) Year To Date Share Price Gain: 10.17% ...
- Broadcom Inc. (NASDAQ:AVGO) ...
- ServiceNow, Inc. (NYSE:NOW) ...
- Lam Research Corporation (NASDAQ:LRCX) Year To Date Share Price Gain: 11.98% ...
- Uber Technologies, Inc. (NYSE:UBER)
S.No. | Name | CMP Rs. |
---|---|---|
1. | Brightcom Group | 18.15 |
2. | Rama Steel Tubes | 39.40 |
3. | Easy Trip Plann. | 49.50 |
4. | Radhika Jeweltec | 67.15 |
S.No. | Name | P/E |
---|---|---|
1. | Dr Reddy's Labs | 20.16 |
2. | Hero Motocorp | 26.32 |
3. | Apar Inds. | 29.72 |
4. | Kansai Nerolac | 37.99 |
- Top 5 Stocks of 2023.
- AppLovin Corporation (APP)
- NVIDIA Corporation (NVDA)
- Vertiv Holdings Co (VRT)
- Palantir Technologies Inc. (PLTR)
- Bottom 5 Stocks of 2023.
- NovoCure Limited (NVCR)
- AMC Entertainment Holdings, Inc. (AMC)
Should I invest in 2024?
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.
As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.
Name | Price | Price Change |
---|---|---|
BLRX Bioline RX Ltd Sponsored ADR | $1.25 | $0.145 (13.12%) |
GOEV Canoo | $0.14 | $0.005 (3.16%) |
TNXP Tonix Pharma | $0.38 | $0.005 (1.17%) |
CLNN Clene | $0.46 | >$0.001 (0.04%) |
- Voya Index Solution 2025 Port.
- Fidelity Simplicity RMD 2025 Fund.
- Principal LifeTime 2025 Fund.
- American Funds 2025 Trgt Date Retire Fd.
- MassMutual RetireSMART by JPMorgan2025Fd.
- 1290 Retirement 2025 Fund.
- Fidelity Sustainable Target Date 2025 Fd.
S.No. | Name | ROCE % |
---|---|---|
1. | Ksolves India | 171.27 |
2. | Life Insurance | 148.72 |
3. | Remedium Life | 102.61 |
4. | Tips Industries | 88.63 |
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