What is the best stock to buy in January 2024? (2024)

What is the best stock to buy in January 2024?

Best-Performing Stocks for February 2024

Palantir Technologies PLTR rose 50.2%, bringing it up 42.9% for the year to date. The company's stock ended the month with a Morningstar Rating of 2 stars, trading at a 64% premium to its fair value estimate of $15. Applovin APP climbed 48.0%, leaving it up 52.2% for the year.

What is the best stock to buy in january 2024?

10 Best Performing Growth Stocks in January 2024
  • Oracle Corporation (NYSE:ORCL) Year To Date Share Price Gain: 10.17% ...
  • Broadcom Inc. (NASDAQ:AVGO) ...
  • ServiceNow, Inc. (NYSE:NOW) ...
  • Lam Research Corporation (NASDAQ:LRCX) Year To Date Share Price Gain: 11.98% ...
  • Uber Technologies, Inc. (NYSE:UBER)
Jan 29, 2024

Which stock will boom in 2024?

Best Stocks To Invest in 2024
S.NoCompany NameMarket Cap (In ₹ crore)
1Adani Green Energy Ltd2,59,995.17
2Tanla Platforms Ltd14,110.89
3Tata Teleservices (Maharashtra) Limited17,574.80
4Rattanindia Enterprises Ltd11,343.99
1 more row
Feb 2, 2024

What are the top shares for 2024?

This stock offers three things investors love
2024 Bargain Shares Portfolio
BP Marsh & PartnersBPMInsurance focused investment company
NexteqNXQSoftware services to gaming, broadcast, medical and industrial markets
Oxford MetricsOMGSmart sensoring technology
Source: London Stock Exchange RNS and company accounts.
6 more rows
Feb 8, 2024

What are the best stocks for February 2024?

Best-Performing Stocks for February 2024

Palantir Technologies PLTR rose 50.2%, bringing it up 42.9% for the year to date. The company's stock ended the month with a Morningstar Rating of 2 stars, trading at a 64% premium to its fair value estimate of $15. Applovin APP climbed 48.0%, leaving it up 52.2% for the year.

What will stocks do January 2024?

January 2024 Market Summary

The Dow Jones Industrial Average rose 1.3%, the S&P 500 advanced 1.7%, and the NASDAQ added 1.0%. Large-caps fared better than Small-caps in January–the Russell 1000 index increased 1.4%, while the Russell 2000 dropped 3.9%.

Which penny stock is best for 2024?

Investors often look for penny stocks as they are not only lower priced but deliver attractive returns as well at times. Four penny stocks offered multibaggers returns in 2024. These are Svaraj Trading & Agencies Ltd, Sarveshwar Foods Ltd, Vintron Informatics, Mid East Portfolio Management Ltd.

What stock will double in 2024?

Wayfair Inc. (NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc. (NYSE:PLTR) are some of the stocks that will double in 2024, besides StoneCo Ltd.

What are the bullish stocks in 2024?

My Top Bull Market Growth Stocks to Buy in 2024
  • Amazon. Amazon (NASDAQ: AMZN) is a the ideal growth stock because it's a leader in two high-growth markets: e-commerce and cloud computing. ...
  • Carnival. ...
  • Apple.
Jan 27, 2024

What stocks to buy in february 2 2024?

Table of Contents
  • Best Stocks of 2024.
  • Nvidia Corp.
  • Meta Platforms.
  • Alphabet.
  • Uber Technologies.
  • Advanced Micro Devices.
  • Carnival Corporation.
  • Vertiv Holdings.

Will 2024 be good for stocks?

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.

Will stocks go back up in 2024?

For now at least, analysts are anticipating S&P 500 earnings growth will continue to accelerate in the first half of 2024. Analysts project S&P 500 earnings will grow 3.9% year-over-year in the first quarter and another 9% in the second quarter.

Will 2024 be a good year for the stock market?

While it's unclear whether prices will continue soaring, many people are hopeful that we're in the early stages of a new bull market. If that's the case, 2024 could be a great year for the stock market. But some investors are also worried that this is only a temporary rally before another downturn hits.

Which stock is best for 2025?

10 Multibagger Penny Stocks for 2025
Name of the ShareBook Value (₹)1 Year (%)
Trident Ltd8.121.93
Yes Bank14.08-2.23
Exide Industries148.6954.70
Bajaj Hindusthan Sugar Ltd33.8079.49
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Dec 20, 2023

What are top 10 stocks to buy?

Let's explore 10 stocks that have ultra-high dividend yields, and assess why each is worth a close look in 2024.
  1. Hercules Capital: 10.6% dividend yield. ...
  2. Ares Capital: 9.5% dividend yield. ...
  3. Horizon Technology: 11.1% dividend yield. ...
  4. Energy Transfer: 8.4% dividend yield. ...
  5. Enterprise Products Partners: 7.2% dividend yield.
5 hours ago

Which stock will go up in next 5 years?

Growth stocks for next 5 years
S.No.NameCMP Rs.
1.Brightcom Group18.14
2.Rama Steel Tubes39.51
3.Easy Trip Plann.47.00
4.Radhika Jeweltec63.88
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What was the stock market on January 24 2024?

The S&P 500 rose 3.95 points, or 0.1%, to 4,868.55. The Dow Jones Industrial Average fell 99.06 points, or 0.3%, to 37,806.39. The Nasdaq composite rose 55.97 points, or 0.4%, to 15,481.92. The Russell 2000 index of smaller companies fell 14.40 points, or 0.7%, to 1,961.86.

Is January a good month to invest?

When stocks gain more than 10% during the November–December period, January has historically been quite strong, with gains of 2.3% on average during the six times this has occurred. This is well above the average return for all Januaries since 1950 of around 1%.

Is January a good year for stocks?

January is generally one of the weakest months of the year for the stock market, but the following stocks have excelled in January over the last 20 years or more. Each stock on the list has rallied at least 4% on average, and has moved higher in the month at…

What is the hottest penny stock right now?

Most Active Penny Stocks
  • NYCB3.220.49% New York Community Bancorp, Inc.
  • REAL3.730.53% The RealReal, Inc.
  • AISP4.953.30% Airship AI Holdings, Inc.
  • EVA0.740.22% Enviva Inc.
  • KGKG0.000.00% Kona Gold Beverage, Inc.
  • INPX0.050.00% Inpixon.
  • BRSH0.060.01% Bruush Oral Care Inc.
  • GGE0.040.01% Green Giant Inc.

What penny stocks grow the fastest?

Sectors
CompanyCMP (Rs)Sales CAGR (3 yrs, %)
EMPOWER INDUSTRIES3.5458.4%
ELLORA TRADING12.4446.4%
BCC FINANCE39.1434.0%
ODYSSEY CORP9.5415.8%
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What are the magnificent 7 stocks?

The Magnificent Seven Question

The client was not referring to the 1960 western (which was remade in 2016) but rather to the stocks of seven companies, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, which have been supercharging the performance of the equity markets lately.

What stock is most likely to double?

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.

Which stock gives highest return in 1 year?

Highest Return in 1 Year
S.No.NameCMP Rs.
1.Kesar India3908.55
2.Sical Logistics220.00
3.SG Mart535.60
4.Jai Balaji Inds.1279.95
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What are the magnificent 7 stocks for 2024?

The so-called Magnificent 7 stocks -- Apple Inc., Amazon.com Inc., Alphabet Inc. Meta Platforms Inc., Microsoft Corp., Nvidia Corp. and Tesla Inc. -- are driving overall stock-market returns anew in early 2024.

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