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.
In February 2024, divergent interests were seen within sectors. The top 10 stocks that saw the maximum month-on-month increase in value were SBI, Reliance Industries, TCS, Maruti Suzuki, Power Grid Corp., Whirlpool of India, ICICI Bank, M&M, Coal India, and L&T.
Stock | 2024 return through March 31 |
---|---|
Janux Therapeutics Inc. (JANX) | 250.9% |
Trump Media & Technology Group Corp. (DJT) | 254.1% |
Super Micro Computer Inc. (SMCI) | 255.3% |
Viking Therapeutics Inc. (VKTX) | 340.6% |
The top undervalued stocks on the NYSE or the Nasdaq for February 2024 that are trading for under $50 include Globus Maritime, Diversified Healthcare Trust, Telesat, Smart Sand, Star Equity Holdings, Vast Platform, Xcel Brands, Ebang International Holdings, OptimumBank Holdings, Profire Energy, and Pacific Gas & ...
Albemarle (ALB) 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. Demand for lithium however has been weak for months.
Company and ticker symbol | Performance in 2024 |
---|---|
Super Micro Computer (SMCI) | 255.3% |
NVIDIA (NVDA) | 82.5% |
Constellation Energy (CEG) | 58.1% |
Deckers Outdoor (DECK) | 40.8% |
In the Nifty index, the top gainers were Maruti Suzuki India (up 4.43%), Cipla (up 2.71%), Power Grid Corporation of India (up 2.51%), Eicher Motors (up 2.44%), and SBI Life Insurance Company (up 2.26%).
Alphabet (GOOG, GOOGL) Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is arguably the most undervalued member of the Magnificent Seven. The advertising giant trades at a 29 P/E ratio and has been expanding its profit margins thanks to cost-cutting and top-line growth.
February, on average, is the second worst month for the stock market. However, this year, the market is beating its historical performance. Long-term growth trends like artificial intelligence (AI) have carried the market, despite some stocks plummeting this month on the back of disappointing news.
Which is the best stocks for next 5 years?
- Bajaj Finance Ltd.
- Titan Company Ltd.
- Varun Beverages Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Tube Investments of India Ltd.
- SRF Ltd.
- Solar Industries India Ltd.
- Persistent Systems Ltd.
- Treasury Inflation-Protected Securities (TIPS) ...
- Fixed Annuities. ...
- High-Yield Savings Accounts. ...
- Certificates of Deposit (CDs) Risk level: Very low. ...
- Money Market Mutual Funds. Risk level: Low. ...
- Investment-Grade Corporate Bonds. Risk level: Moderate. ...
- Preferred Stocks. Risk Level: Moderate. ...
- Dividend Aristocrats. Risk level: Moderate.
- Joyy Inc. ( YY)
- Ebang International Holdings Inc. ( EBON)
- STRATTEC Security Corp. ( STRT)
- Central Plains Bancshares Inc. ( CPBI)
- EuroDry Ltd. ( EDRY)
- Landsea Homes Corp. ( LSEA)
- Viatris Inc. ( VTRS)
- Alico Inc. ( ALCO)
Positive returns -- but smaller than in 2023
I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.
- Cyclical stocks. Cyclical stocks are virtually the definition of stocks that get hit hard going into a recession, as investors anticipate a peaking economy and begin to sell them. ...
- Small-cap stocks. ...
- Growth stocks. ...
- Real estate. ...
- Consumer staples. ...
- Utilities. ...
- Bonds.
Why MSFT Is A Top Pick. Microsoft is considered a top undervalued stock for 2024 due to its robust financial health, diversified product portfolio and strategic positioning in high-growth markets, which collectively suggest its market price may not fully reflect its long-term value and growth prospects.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Jai Balaji Inds. | 999.15 |
2. | SG Mart | 456.10 |
3. | Insolation Ener | 1518.00 |
4. | Waaree Renewab. | 1793.60 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Guj. Themis Bio. | 377.15 |
2. | Refex Industries | 143.85 |
3. | Tanla Platforms | 927.20 |
4. | M K Exim India | 79.12 |
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 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Spright Agro | 28.35 |
2. | Jai Balaji Inds. | 999.15 |
3. | SG Mart | 456.10 |
4. | Insolation Ener | 1518.00 |
What is the best performing sector in 2024?
Exchange Traded Funds Etf | 45.04 % |
---|---|
Internet Services & Social Media | 33.47 % |
Miscellaneous Financial Services | 31.33 % |
Furniture & Fixtures | 31.09 % |
Broadcasting Media & Cable TV | 29.29 % |
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.
According to Reuters, since 1945, April and December are tied as the best-performing months of the year for stocks, with an average return of 1.6%. (September is notoriously the worst, with an average loss of -0.6%.) During recessions, April's positive performances can be even more pronounced.
Nifty 50 target for March 2025 at 24,800, says ICICI Securities; L&T, BHEL, Zomato, M&M, SBI Life among top picks.
- DaVita Inc. ( ticker: DVA)
- DraftKings Inc. ( DKNG)
- Extra Space Storage Inc. ( EXR)
- First Solar Inc. ( FSLR)
- Gen Digital Inc. ( GEN)
- Microsoft Corp. ( MSFT)
- Nvidia Corp. ( NVDA)
- SoFi Technologies Inc. ( SOFI)
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