What stock will boom in 2024?
Growth stocks may see a robust 2024 on the strength of trends such as AI disruption and decarbonization. Small-cap stocks are trading at attractive valuations as analysts see the possibility of a rebound in 2024. The time could be right for locking in rates on long-term, high-yield bonds.
- GPIL: Buy at ₹761.60, target ₹800, stop loss ₹734. ...
- RVNL: Buy at ₹308.25, target ₹340, stop loss ₹297. ...
- McDowell-N: Buy at ₹1090, target ₹1115, stop loss ₹1075. ...
- M&M: Buy at ₹1656, target ₹1695, stop loss ₹1935. ...
- IOL Chemicals: Buy at ₹443, target ₹465, stop loss ₹434.
Growth stocks may see a robust 2024 on the strength of trends such as AI disruption and decarbonization. Small-cap stocks are trading at attractive valuations as analysts see the possibility of a rebound in 2024. The time could be right for locking in rates on long-term, high-yield bonds.
The healthcare sector was selected as one of the best investment sectors in 2024 due to its vital role in society, ongoing innovation and growth potential. This decision is underpinned by the sector's expansion in biotechnology, personalized medicine and digital health solutions.
- Nvidia (NASDAQ: NVDA): Up 239%
- Meta Platforms: Up 194%
- Tesla (NASDAQ: TSLA): Up 102%
- Amazon (NASDAQ: AMZN): Up 81%
- Alphabet: Up 58%
- Microsoft: Up 57%
- Apple: Up 48%
Name of the Share | Book Value (₹) | P/E Ratio |
---|---|---|
Yes Bank | 14.08 | 76.83 |
Exide Industries | 148.69 | 26.17 |
Bajaj Hindusthan Sugar Ltd | 33.80 | 0 |
South Indian Bank | 33.87 | 6.19 |
- Technology: India's booming tech sector, fueled by digital adoption and government initiatives like 'Digital India,' offers significant opportunities. ...
- Infrastructure: ...
- Healthcare: ...
- Consumer Staples: ...
- Green Energy:
- Put some in a high-yield savings account. ...
- Pay off your debt. ...
- Pad your retirement account. ...
- Invest with a robo-advisor. ...
- Put some money into a brokerage account. ...
- Get started in real estate. ...
- Consider peer-to-peer lending.
Good Omens for the S&P 500
The S&P 500's current rally bodes well for the month of February and for the rest of 2024. “The S&P 500 has set six new all-time highs in 2024, all in January. That works out to an annualized rate of 72 new highs,” says Sam Stovall, Chief Investment Strategist of CFRA Research.
- Sell things you don't need. ...
- Get paid to deliver food or groceries. ...
- Get paid to take surveys. ...
- Open a new bank account. ...
- Make money with investment apps. ...
- Get cash back when you shop. ...
- Get paid to flip websites or domains. ...
- Do odd jobs.
Which sector is bullish in 2024?
Interim Budget 2024: Anil Singhvi bullish on defence sector
The government's focus is on self-reliant India, hence the order books of most defence companies have been booked for seven to 10 years. Defence shares will remain bullish in the coming year.
- Sustainable Energy Solutions. ...
- E-commerce and Online Marketplaces. ...
- Health and Wellness Tech. ...
- Artificial Intelligence (AI) and Machine Learning. ...
- Content Management Agency.
The Year To Come
“I'd expect 2024 to generate more historically in-line returns of 7% to 10%, absent any worldly event or unexpected financial shock. All said, I expect a more 'normal' year in the markets vis a vis what we have seen since early 2020.”
- Top 5 Stocks of 2023.
- AppLovin Corporation (APP)
- NVIDIA Corporation (NVDA)
- Vertiv Holdings Co (VRT)
- Palantir Technologies Inc. (PLTR)
- Bottom 5 Stocks of 2023.
- NovoCure Limited (NVCR)
- AMC Entertainment Holdings, Inc. (AMC)
- Coinbase.
- Nvidia.
- DraftKings DKNG.
- Meta Platforms META.
- Palantir Technologies PLTR.
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 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Guj. Themis Bio. | 349.45 |
2. | Refex Industries | 612.80 |
3. | Tanla Platforms | 985.50 |
4. | M K Exim India | 85.38 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Brightcom Group | 18.75 |
2. | Rama Steel Tubes | 42.27 |
3. | Easy Trip Plann. | 50.79 |
4. | Radhika Jeweltec | 60.67 |
S.No. | Name | ROCE % |
---|---|---|
1. | Ksolves India | 171.27 |
2. | Tips Industries | 88.63 |
3. | Waaree Renewab. | 83.80 |
4. | Lloyds Metals | 81.99 |
South Asia grew by an estimated 5.3 per cent in 2023 and is projected to increase by 5.2 per cent in 2024, driven by a robust expansion in India, which remains the fastest growing large economy in the world. India: Projected to grow by 6.2% in 2024, supported by domestic demand and growth in manufacturing and services.
Which stock sectors do best in a recession?
Historically, the industries considered to be the most defensive and better placed to fare reasonably during recessions are utilities, health care, and consumer staples.
The table below shows the present value (PV) of $3,000 in 20 years for interest rates from 2% to 30%. As you will see, the future value of $3,000 over 20 years can range from $4,457.84 to $570,148.91.
- High-yield savings accounts.
- CDs.
- Money market accounts.
- Government bonds.
- Treasury bills.
Discount Rate | Present Value | Future Value |
---|---|---|
4% | $1,000 | $2,191.12 |
5% | $1,000 | $2,653.30 |
6% | $1,000 | $3,207.14 |
7% | $1,000 | $3,869.68 |
The Magnificent Seven group includes Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).
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