A new year brings new questions for investors looking to find the top stocks for 2024. Will the long-forecast recession be confirmed? If so, how severe will it be? Will the Magnificent 7 continue to be magnificent? Are future earnings already priced into the stock market? What is the Federal Reserve’s thinking on the timing
Stocks to buy
The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) has slumped by more than 3% since the beginning of the year. And this is conveying a bearish tone among lithium investors. However, the year has just started. Therefore, I’m not overly worried about the sector’s sluggish start to 2024. Top-down and bottom-up factors are aligned
Over the past year, four stocks with a market capitalization of $200 billion or more (out of 44) had a triple-digit return. Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com. The others are Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Tesla (NASDAQ:TSLA), up 237.5%, 178.3%, and 122.1%, respectively. That’s some
As most investors know, Mark Zuckerberg is the CEO and co-founder of Meta Platforms (NASDAQ:META), which operates the world’s most profitable social media platform. He’s also the controlling shareholder with approximately 61.1% of the META stock votes. Zuckerberg controls Meta through Class B shares, which have 10 votes per share, compared to one for Class
The business of producing food is integral to societies everywhere. Historically, it was done primarily in rural settings. However, the world is becoming increasingly urbanized, increasing the demand for urban farming. Urban farming stocks are a relatively small sector but one with the potential to grow rapidly. Not only are large firms looking to capitalize
Crude oil prices are stabilizing after a brutal selloff in the fourth quarter. Amidst fears of a wider Middle East conflict, prices have found a floor around $70 a barrel. The stabilizing prices and lower valuations are favorable for energy stocks. The main catalyst for energy stocks is the crisis in the Middle East. In
Some growth stocks keep powering ahead. While not immune to market downturns, certain stocks seem to decline less and recover faster than other securities. These are often large technology companies with multiple business lines and catalysts to propel share prices upwards. For investors, these growth stocks can help to compound gains and grow a portfolio.
Over the years of investing, I have seen stocks delivering 10x, 20x and even 50x returns. Of course, it does not come overnight. It’s about buying a good idea at the right time and sitting tight. Even if investors make 2x or 3x in a story, there is a big temptation to book profits. However,
With consumer sentiment on the rise after a prolonged period of economic uncertainty, the recent Black Friday sales and holiday season are expected to boost Q4 sales and revenue for e-commerce companies. The improving economy and high consumer spending create an optimistic outlook for the new year and point to the strength of e-commerce stocks
Irrespective of whether you are a dividend investor, a growth investor or a value investor, you may be curious as to what the best monthly dividend stocks are for 2024. Given the current macro backdrop, there are many opportunities among stocks that pay monthly rather than quarterly dividends. Why? For one, many of these monthly
As the global economy recovers from a period of high inflation, investors seek the best soft landing stocks to buy. A soft landing in economics is when central banks raise interest rates to slow economic growth to avoid a recession. Over the last year, Wall Street has pushed the narrative that a recession is on
The attractiveness of battery stocks cannot be overstated in today’s quickly shifting industry. This sector, which is the backbone of the electrification revolution, is transforming sectors ranging from automotive to energy storage. Those that invest in battery technology are not merely betting on a trend; they are aligning with a future in which clean energy
Under ongoing rapid technological evolution, the semiconductor industry is the cornerstone of innovation, enabling the digital revolution. Amidst this, these trillion-dollar companies loom large. The first one has its transformative generative AI solutions, the second one is expanding its global manufacturing footprint, and the third one’s relentless pursuit of cutting-edge process nodes signifies a watershed
CE Pro magazine is a leading trade publication for the custom electronics business. Its readers include homebuilders, small- and medium-sized businesses, and individual homeowners. On Jan. 2, CE Pro’s editor-in-chief, Arlen Schweiger, summarized the year for the 55 smart home stocks that are part of the publication’s Smart Home Stock Index. The index rebounded
Even with a relatively small portfolio allocation, penny stocks can have a big impact in terms of total portfolio returns. The reason is that when some of the hottest penny stocks surge, the rally is not limited to 20% or 30%. Instead, penny stocks can deliver multibagger returns in a matter of weeks. Having said
Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024. After reaching prices nearing $150 per share in late December, AMD stock has since slid back to around $135 per share. The general direction of the broad market has played a role in this. However, valuation-related worries
In an era where the market shifts at breakneck speed, millionaire-maker stocks can pop at any minute. Identifying potential investment avenues is critical to navigating a constantly changing landscape. These millionaire-maker stocks represent market giants and catalysts reshaping consumer discretionary, technology, finance, and automobile sectors. Tesla (TSLA) Source: sdx15 / Shutterstock.com Tesla (NASDAQ:TSLA) has rapidly
Remember how the FAANG group of technology stocks captured Wall Street’s imagination a few years ago? The so-called “Magnificent Seven” replaced FAANG in 2023 and somehow, Netflix (NASDAQ:NFLX) got lost in the shuffle. Yet, NFLX stock has the potential to regain its superstar status and zoom higher in 2024. Netflix has more competition in the streaming space
Recently, InvestorPlace contributor Matthew Farley suggested that EHang (NASDAQ:EH) stock could potentially turn $10,000 into $1 million. That’s certainly possible, but don’t expect it to happen in 2024 and always understand the risks involved. EHang is a premier player in an industry that’s exciting but is also in its infancy. Just to recap, EHang is based in
The three best-performing sectors last year were communication services, information technology and consumer discretionary. Although the growth of artificial intelligence (AI) stocks grabbed all the headlines and many companies came near 52-week highs because of their relation to the technology, a business didn’t need to be plugged into AI to win. There are plenty of