What is the hot stock in 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.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
The top gainers in the Nifty index were Adani Enterprises (up 2.06%), Tata Consumer (up 1.89%), Indusind Bank (up 1.77%), Mahindra & Mahindra (up 1.62%), and Adani Ports & Special Economic Zone (up 1.62%).
Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.
Buzzing Stocks Today, Stocks that will see action today: February 28, 2024 - Vodafone, Zee, ICICI Bank, ICICI Lombard, Torrent Power, CMS Infosystems, Torrent Power, Aether Industries, Hind Zinc, IndoStar, GE T&D, Salasar Techno, Tata Elxsi.
| 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% |
| Sr. No | Company Name | NSE Symbol |
|---|---|---|
| 1 | NESCO | NESCO |
| 2 | Sudarshan Chemical Industries | SUDARSCHEM |
| 3 | EIH Ltd | EIHOTEL |
| 4 | Kalyan Jewellers Ltd | KALYANKJIL |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Motherson Wiring | 70.15 |
| 2. | Hindustan Zinc | 398.70 |
| 3. | Lloyds Metals | 722.55 |
| 4. | NMDC | 235.65 |
| S No | List of Multibagger Penny Stocks | Industry |
|---|---|---|
| 2 | Kaushalya Infrastructure Development Corporation Ltd | Hotels & Restaurants |
| 3 | Smart Finsec Ltd | Finance |
| 4 | Pressure Sensitive Systems Ltd | Packaging |
| 5 | Shree Karthik Papers Ltd | Paper |
What are Motley Fool's 10 best stocks for 2024?
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.
General Motors stands out as a top undervalued stock for March 2024 due to several key factors that position it for potential growth and value appreciation. GM is a leading global automotive company with a diversified portfolio of well-known brands, including Chevrolet, GMC, Cadillac and Buick.
1. 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.
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.
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Money market funds.
- Mutual funds.
- Index Funds.
- Exchange-traded funds.
- Stocks.
Key takeaways
Expectations of an earnings rebound in 2024 suggest earnings could continue to drive the market higher. While some valuations are stretched, there is still room for the market to grow if earnings estimates are met.
February is the second worst month for the stock market
And, considering how hot the tech sector has been in the current bull market, many investors might be more interested in how that index has performed. At any rate, so far this year, February certainly doesn't look like a laggard.
February is the second worst month for the stock market
For that index, February is, on average, the second-worst month, trailing only September for the lowest monthly average return over the last 100 years.
For the month of February, the S&P 500 finished up 5.2% - its fourth consecutive monthly gain. When combined with January's performance, the broader market has gained 7.7%, its best start to a year since 2019.
- ICICI Bank: Buy at ₹1067.25, target ₹1140, stop loss ₹1030. ...
- Maruti Suzuki: Buy at ₹12711, target ₹13700, stop loss at ₹12050. ...
- Hindustan Copper: Buy at ₹364.10, target ₹430, stop loss ₹320.
What are the most undervalued stocks in March 2024?
The top undervalued, non-penny stocks on the NYSE or the Nasdaq for March 2024 that trade below $50 per share include Joyy, Ebang International Holdings, STRATTEC Security, Central Plains Bancshares, EuroDry, Landsea Homes, Viatris, Alico, Universal Stainless & Alloy Products, EQT, and Consolidated Water Co.
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
| Chevron Corp. (CVX) | Energy | 3.9% |
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| The Kraft Heinz Company (KHC) | 12.2 |
| The Progressive Corporation (PGR) | 23.3 |
| Spotify Technology S.A. (SPOT) | 98.0 |
| Tapestry, Inc. (TPR) | 8.7 |
| Stock | Implied upside from March 15 close |
|---|---|
| Arcadium Lithium PLC (ALTM) | 76.2% |
| Telecom Italia SPA (OTC: TIIAY) | 51.5% |
| Crescent Point Energy Corp. (CPG) | 4.5% |
| iQiyi Inc. (IQ) | 62.5% |
| Company (ticker) | Market Capitalization |
|---|---|
| AT&T (T) | $123.2 billion |
| CVS Health (CVS) | $92.5 billion |
| Ford Motor (F) | $53.8 billion |
| Kraft Heinz (KHC) | $45.1 billion |
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