Which stocks will skyrocket in 2023?
Coinbase, Nvidia, Palantir, and other tech names dominate the list of the year's best stocks. Amid a strong stock market rally in 2023, Coinbase COIN performed best among U.S.-listed stocks covered by Morningstar analysts, as the cryptocurrency exchange platform rebounded from a steep downturn in 2022.
Coinbase, Nvidia, Palantir, and other tech names dominate the list of the year's best stocks. Amid a strong stock market rally in 2023, Coinbase COIN performed best among U.S.-listed stocks covered by Morningstar analysts, as the cryptocurrency exchange platform rebounded from a steep downturn in 2022.
Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year. Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year.
Symbol | Open | CA |
---|---|---|
EICHERMOT | 3,858.60 | 14-Aug-2023 |
SBILIFE | 1,553.85 | 16-Mar-2023 |
JSWSTEEL | 839.00 | 11-Jul-2023 |
M&M | 1,967.00 | 14-Jul-2023 |
Stock | 2024 performance through Feb. 29 |
---|---|
Ocular Therapeutix Inc. (ticker: OCUL) | 125.5% |
Immunome Inc. (IMNM) | 126.2% |
Digital World Acquisition Corp. (DWAC) | 135.2% |
Nature Wood Group Ltd. (NWGL) | 140.9% |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Guj. Themis Bio. | 377.70 |
2. | Refex Industries | 659.55 |
3. | Tanla Platforms | 955.10 |
4. | M K Exim India | 75.60 |
Nvidia (NVDA)
While it may seem strange to assert that Nvidia (NASDAQ:NVDA) stock has the potential to double in 2024 following its historic year in 2023, that is indeed the case. Analysts on Wall Street believe that the AI leader's shares could rise to $1,100 in 2024.
Company (Ticker) | Forward P/E Ratio |
---|---|
Humana (HUM) | 13.9 |
Fidelity National Information Services (FIS) | 13.4 |
Citigroup (C) | 8.0 |
Lear (LEA) | 7.7 |
STOCK | ACTION | TRADE PRICE |
---|---|---|
PIDILITIND | BUY | 2832 |
INFY | BUY | 1617 |
JSL | BUY | 699 |
ZENSARTECH | BUY | 564 |
S.No. | Name | P/E |
---|---|---|
4. | Waaree Renewab. | 139.18 |
5. | Network People | 116.42 |
6. | Cupid | 130.53 |
7. | GE T&D India | 266.37 |
What are the 10 best stocks for 2023?
- Carnival: 133% -- consumer discretionary.
- Advanced Micro Devices: 128% -- technology.
- PulteGroup: 127% -- consumer discretionary.
- Palo Alto Networks: 111% -- technology.
- Tesla: 102% -- consumer discretionary.
Growth Stock | Expected Change in Stock Price* |
---|---|
Tesla Inc. (TSLA) | 37.9% |
JPMorgan Chase & Co. (JPM) | 3.6% |
Mastercard Inc. (MA) | 15.9% |
Advanced Micro Devices Inc. (AMD) | 13.6% |
SolarEdge, Plug Power, Moderna, and Pfizer are among the year's biggest losing stocks. Overall, 2023 was a great year for stocks, as the markets rallied to near-record highs in late December.
The Magnificent Seven — which is made up of Google parent Alphabet, Amazon, Apple, Facebook parent Meta, Microsoft, Nvidia, and Tesla — account for about 28% of the market capitalization of the entire S&P 500.
AMZN is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1.6% over the past one week and up 0.5% over the past four weeks.
- Here are top 10 stock ideas for your 2024 portfolio:
- 1) Greenply Industries. ...
- 2) Cyient. ...
- 3) Kotak Mahindra Bank. ...
- 4) Paushak. ...
- 5) Wonderla Holidays. ...
- 6) Pitti Engineering. ...
- 7) NMDC.
Stock | Forward price-to-earnings ratio (P/E) |
---|---|
Enphase Energy Inc. (ENPH) | 25.3 |
Microsoft Corp. (MSFT) | 30.0 |
Nvidia Corp. (NVDA) | 26.6 |
Tesla Inc. (TSLA) | 57.6 |
- 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.
But by examining historical data, we can make an educated guess. According to Standard and Poor's, the average annualized return of the S&P index, which later became the S&P 500, from 1926 to 2020 was 10%. 1 At 10%, you could double your initial investment every seven years (72 divided by 10).
- Oil and Gas Exploratory Drilling. ...
- Limited Partnerships. ...
- Penny Stocks. ...
- Alternative Investments. ...
- High-Yield Bonds. ...
- Leveraged ETFs. ...
- Emerging and Frontier Markets. ...
- IPOs. Although many initial public offerings can seem promising, they sometimes fail to deliver what they promise.
What is the best thing to invest right now?
- High-yield savings accounts. Overview: A high-yield online savings account pays you interest on your cash balance. ...
- Long-term certificates of deposit. ...
- Long-term corporate bond funds. ...
- Dividend stock funds. ...
- Value stock funds. ...
- Small-cap stock funds. ...
- REIT index funds.
- Cryptoassets (also known as cryptos)
- Mini-bonds (sometimes called high interest return bonds)
- Land banking.
- Contracts for Difference (CFDs)
Symbol | Name | Market Cap |
---|---|---|
NVDA | NVIDIA Corporation | 2.188T |
RIVN | Rivian Automotive, Inc. | 12.492B |
PBR | Petróleo Brasileiro S.A. - Petrobras | 95.515B |
MARA | Marathon Digital Holdings, Inc. | 6.284B |
- Delta Air Lines, Inc. (NYSE:DAL) ...
- Raytheon Technologies Corporation (NYSE:RTX) Number of Hedge Fund Holders: 51. ...
- Lockheed Martin Corporation (NYSE:LMT) ...
- Amgen, Inc. ...
- Starbucks Corporation (NASDAQ:SBUX) ...
- Occidental Petroleum Corporation (NYSE:OXY)
Company Name | LTP | High |
---|---|---|
Bharti Airtel | 1199.7 | 1213.6 |
Bajaj Auto | 8879.05 | 8972.85 |
ICICI Bank | 1087.95 | 1095 |
NTPC | 352.2 | 353.9 |
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