Where to invest February 2024?
Meta Platforms, Inc. (NASDAQ:META), Netflix, Inc. (NASDAQ:NFLX), NVIDIA Corporation (NASDAQ:NVDA), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are some top performing growth stocks in 2024.
Meta Platforms, Inc. (NASDAQ:META), Netflix, Inc. (NASDAQ:NFLX), NVIDIA Corporation (NASDAQ:NVDA), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are some top performing growth stocks in 2024.
Earnings growth is projected at +3.2% year-over-year, compared to an expectation of +1.5% at the beginning of the year. Source: Factset. Market Cap: Mid (S&P 400: +5.9%) and Small Caps (Russell 2000: +5.7%) outperformed Large (S&P 500: +5.3%).
S.No. | Company | Industry/Sector |
---|---|---|
1. | Tata Consultancy Services Ltd | IT - Software |
2. | Infosys Ltd | IT - Software |
3. | Hindustan Unilever Ltd | FMCG |
4. | Reliance Industries Ltd | Refineries |
The top gainers in the Nifty index were Adani Enterprises (up 2.06%), Tata Consumer (up 1.89%), Indusind Bank (up 1.77%), Mahindra & Mahindra (up 1.62%), and Adani Ports & Special Economic Zone (up 1.62%).
- CrowdStrike (CRWD -3.9%), $68 billion.
- PayPal (PYPL 0.34%), $66 billion.
- MercadoLibre (MELI -1.01%), $84 billion.
- Airbnb (ABNB -3.18%), $88 billion.
- Shopify (SHOP 0.23%), $105 billion.
- Intuitive Surgical (ISRG -1.69%), $128 billion.
- Walt Disney (DIS 0.16%), $165 billion.
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.
Key Points. The three major U.S. stock market indexes have logged record highs in 2024, but they are currently in the midst of a sell-off. Interactive Brokers just released new data showing investors are as bullish as they have been in years. Wall Street analysts also expect the S&P 500 to end 2024 higher.
Stocks and bonds deliver positive returns and cash underperforms both as the Fed pivots to rate cuts. Stocks and bonds may both be poised for success in 2024. Easing inflation and a pivoting Fed should reduce headwinds that have faced both asset classes in recent years.
The S&P 500 generated an impressive 26.29% total return in 2023, rebounding from an 18.11% setback in 2022. Heading into 2024, investors are optimistic the same macroeconomic tailwinds that fueled the stock market's 2023 rally will propel the S&P 500 to new all-time highs in 2024.
What stock will double in 2024?
- 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.
In the trading session on February 20, 2024, the top gainers and losers in various indices were as follows: Sensex: Top Gainers: Power Grid Corporation Of India (up 4.16%), HDFC Bank (up 2.59%), Axis Bank (up 2.32%), NTPC (up 2.01%), and Kotak Mahindra Bank (up 1.83%).
Sr. No | Company Name | NSE Symbol |
---|---|---|
1 | NESCO | NESCO |
2 | Sudarshan Chemical Industries | SUDARSCHEM |
3 | EIH Ltd | EIHOTEL |
4 | Kalyan Jewellers Ltd | KALYANKJIL |
See the 10 stocks
The Motley Fool has positions in and recommends Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Nvidia, PayPal, Salesforce, and Uber Technologies. The Motley Fool recommends the following options: short March 2024 $67.50 calls on PayPal.
Looking ahead to 2024, macroeconomic factors are expected to play a crucial role in determining equity investment strategies. Domestic growth is likely to remain strong, driven by acceleration in consumption demand and increased investment growth in the latter half of the year.
- Intuit Inc. (NASDAQ:INTU) Number of Q4 2023 Hedge Fund Shareholders: 75. ...
- Tesla, Inc. (NASDAQ:TSLA) ...
- Booking Holdings Inc. (NASDAQ:BKNG) ...
- Netflix, Inc. (NASDAQ:NFLX) ...
- Broadcom Inc. (NASDAQ:AVGO) ...
- Micron Technology, Inc. (NASDAQ:MU) ...
- Adobe Inc. (NASDAQ:ADBE) ...
- Apple Inc. (NASDAQ:AAPL)
S.No. | Name | CMP Rs. |
---|---|---|
2. | Brightcom Group | 14.93 |
3. | Easy Trip Plann. | 47.08 |
4. | Radhika Jeweltec | 64.71 |
5. | KMC Speciality | 91.71 |
Stock | Sector | Trailing 12-month dividend yield* |
---|---|---|
Abbott Laboratories (ABT) | Health care | 1.9% |
Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
Atmos Energy Corp. (ATO) | Utilities | 2.7% |
T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
Nifty 50 target for March 2025 at 24,800, says ICICI Securities; L&T, BHEL, Zomato, M&M, SBI Life among top picks.
Ticker | Company | Sector |
---|---|---|
STRR | Star Equity Holdings Inc. | Healthcare |
ACIC | American Coastal Insurance Corp. | Financials |
CLRO | ClearOne Inc. | Information Technology |
NCMI | National CineMedia Inc. | Communication Services |
Which stock has highest return in last 5 years?
S.No. | Name | CMP Rs. |
---|---|---|
1. | Authum Invest | 754.05 |
2. | Waaree Renewab. | 2380.20 |
3. | Diamond Power | 688.25 |
4. | Praveg | 963.55 |
No. | Symbol | Company Name |
---|---|---|
1 | CELH | Celsius Holdings, Inc. |
2 | APLD | Applied Digital Corporation |
3 | SMCI | Super Micro Computer, Inc. |
4 | SKYE | Skye Bioscience, Inc. |
The shift up in portfolio returns reflects a 7.4% expected annualized return for U.S. stocks in the next 10 years, up from the 6.5% assumption made last year.
Over the next decade, Schwab expects market returns to fall short of long-term historical averages due to shifts in interest rates, growth prospects, and stock valuations.
The S&P 500 is down for three straight weeks as investors remain focused on the outlook for inflation, interest rates, and Federal Reserve policy, with key economic data due this week that could shift the needle on rate expectations.
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