What stocks will boom in 2024?
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
| Stock | 2024 performance through Feb. 29 |
|---|---|
| Sana Biotechnology Inc. (SANA) | 146.1% |
| Super Micro Computer Inc. (SMCI) | 204.7% |
| Vera Therapeutics Inc. (VERA) | 206.1% |
| SoundHound AI Inc. (SOUN) | 250% |
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Rama Steel Tubes | 13.69 |
| 2. | Brightcom Group | 14.46 |
| 3. | Easy Trip Plann. | 44.08 |
| 4. | Radhika Jeweltec | 65.99 |
Aris Water Solutions, Inc. (NYSE:ARIS) is one of the stocks that can double in 2024, along with Wayfair Inc. (NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc.
| Name of the Share | Book Value (₹) | YTD (%) |
|---|---|---|
| Exide Industries | 148.69 | 63.97 |
| Bajaj Hindusthan Sugar Ltd | 33.80 | 62.79 |
| South Indian Bank | 33.87 | 43.88 |
| Urja Global Ltd | 2.63 | 53.27 |
- Walt Disney Co. (DIS)
- PDD Holdings Inc. (PDD)
- Occidental Petroleum Corp. (OXY)
- Match Group Inc. (MTCH)
- Grupo Aeroportuario del Sureste SAB de CV (ASR)
- Target Corp. (TGT)
- Pimco 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ)
- Citigroup Inc. (C)
| Stock | Market Capitalization | Sector |
|---|---|---|
| Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
| Sysco Corp. (SYY) | $41 billion | Consumer staples |
| Coca-Cola Co. (KO) | $261 billion | Consumer staples |
| S&P Global Inc. (SPGI) | $134 billion | Financials |
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.
Will 2024 be bullish or bearish?
Key Takeaways. Potential economic obstacles in 2024 could delay the start of a sustained bull market, but investors can still find opportunities. Consider staying cautious on U.S. stocks while shifting to bonds for potential income and capital gains.
The bull market is already well underway
Generally speaking, the best way to be sure about a new bull market is to look for two milestones. First, the market should rise at least 20% from its low. The S&P 500 hit its lowest point on Oct. 12, 2022.
But the early days of 2024 swept away this uncertainty as the S&P 500 reached its highest level ever, signaling we've been in bull territory for quite a while -- since the index started rebounding from its bear market low in late 2022.
| STOCK | ACTION | TRADE PRICE |
|---|---|---|
| INDHOTEL | BUY | 569 |
| NATCOPHARM | BUY | 958 |
| MOTHERSON | BUY | 117 |
| BSOFT | BUY | 745 |
| Name | 3Y Return | ROCE |
|---|---|---|
| Reliance Industries Ltd | 53.55% | 9.89% |
| Tata Consultancy Services Ltd | 24.45% | 63.59% |
| ICICI Bank Ltd | 85.93% | NA |
| Bharti Airtel Ltd | 137.94% | 8.17% |
- Reliance Industries Limited (RIL): Sector: Conglomerate. ...
- HDFC Bank Limited: Sector: Banking and Finance. ...
- Infosys Limited: ...
- Titan Company Limited: ...
- Larsen & Toubro Limited (L&T): ...
- Asian Paints Limited: ...
- TCS (Tata Consultancy Services) Limited: ...
- Bajaj Finance Limited:
With interest rates having peaked last year, growth stocks such as small caps may be poised for a strong performance in 2024. Small-cap stock funds can earn sizable returns over time, and the best small-cap ETFs can earn double-digit returns annually for years.
| Stock | Expected Change in Stock Price* |
|---|---|
| Tesla Inc. (TSLA) | 61% |
| Mastercard Inc. (MA) | 14.2% |
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1121.30 |
| 2. | Life Insurance | 905.10 |
| 3. | Remedium Life | 111.00 |
| 4. | Tips Industries | 471.30 |
| Company Stock | Market Cap (crore) | Profit Growth (CAGR) |
|---|---|---|
| Hindustan Unilever | ₹6,04,408 | 12.4% |
| Infosys | ₹6,79,000 | 8.9% |
| Reliance Industries | ₹18,40,000 | 10.2% |
| TCS | ₹13,97,000 | 9.5% |
Which penny stock is best for 2024?
- Vikas Ecotech Ltd.
- Comfort Intech Ltd.
- Rajnandini Metal Ltd.
- G G Engineering Ltd.
- Indian Infotech & Software Ltd.
- Genpharmasec Ltd.
- Accuracy Shipping Ltd.
- Goyal Aluminiums Ltd.
| Stock Name | Sub-sector | Market Cap (in Cr) |
|---|---|---|
| Bajaj Finance Ltd | Consumer Finance | ₹4,48,641.51 |
| Titan Company Ltd | Textiles, Apparel & Luxury Goods | ₹3,28,263 |
| Varun Beverages Ltd | Beverages | ₹1,66,364 |
| Cholamandalam Investment and Finance Company Ltd | Financials | ₹99,434 |
So what are the best stocks to buy now or put on a watchlist? Microsoft (MSFT), Ares Management (ARES), Dexcom (DXCM), Square parent Block (SQ) and Neurocrine Biosciences (NBIX) are prime candidates. Inflation and the Federal Reserve tightening rates aggressively worried investors last year.
Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.
- KLA Corporation (NASDAQ:KLAC) Number of Q4 2023 Hedge Fund Shareholders: 55. ...
- General Electric Company (NYSE:GE) Number of Q4 2023 Hedge Fund Shareholders: 92. ...
- Lam Research Corporation (NASDAQ:LRCX) ...
- Eli Lilly and Company (NYSE:LLY) ...
- Netflix, Inc.
