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If the phrase “growth stocks” has previously been used, it most likely refers to big tech firms like Apple, Microsoft, Amazon, Tesla, or Alphabet (formerly Google).
These are the five S components that are weighted the highest.
However, not all growth stocks are technology stocks. Growth stocks can be found in any industry, including the financial and health care sectors. What defines them is, well, growth. Heres a deeper look at what that actually means.
The stock market is a complex and ever-changing landscape, making it difficult to predict which stocks will skyrocket in the future. However, by analyzing various factors such as company performance, industry trends, and expert opinions, we can identify potential candidates for explosive growth In this article, we will explore some of the stocks that are expected to soar in 2024, based on insights from two reputable financial websites: The Motley Fool and NerdWallet.
Top Growth Stocks to Buy in 2024
According to The Motley Fool several growth stocks have the potential to experience significant price increases in 2024. These include:
- Tesla Inc. (TSLA): This electric vehicle and clean energy company has been a market darling in recent years, and analysts expect its growth to continue.
- Mastercard Inc. (MA): A leading payment processing company, Mastercard is well-positioned to benefit from the increasing adoption of digital payments.
- Salesforce Inc. (CRM): A cloud-based software company, Salesforce is a leader in the customer relationship management (CRM) market.
- Advanced Micro Devices Inc. (AMD): A semiconductor company, AMD is a major competitor to Intel and is expected to benefit from the growing demand for high-performance computing.
Best-Performing Growth Stocks for April 2024
NerdWallet provides a list of the best-performing growth stocks for April 2024, based on their one-year performance This list includes:
- MakeMyTrip Ltd
- Palantir Technologies Inc
- Forestar Group Inc
- Nu Holdings Ltd
- Celsius Holdings Inc
- Uber Technologies Inc
- Paymentus Holdings Inc
- Crowdstrike Holdings Inc
- New Oriental Education & Technology Group Inc. ADR
- Tidewater Inc.
Factors to Consider When Choosing Growth Stocks
While past performance is not always indicative of future results, it can provide valuable insights into a company’s potential for growth. However, it’s important to consider other factors when choosing growth stocks, such as:
- Company fundamentals: Analyze the company’s financial statements, including revenue growth, earnings per share (EPS), and debt-to-equity ratio.
- Industry trends: Identify industries with strong growth potential, such as technology, healthcare, and e-commerce.
- Expert opinions: Consider the recommendations of financial analysts and industry experts.
- Risk tolerance: Growth stocks are typically more volatile than value stocks, so it’s important to assess your risk tolerance before investing.
Choosing the right growth stocks can be a challenging task, but by considering the factors discussed above, you can increase your chances of success. Remember that investing in the stock market involves inherent risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
Additional Resources
- The Motley Fool: Best Growth Stocks to Buy in 2024
- NerdWallet: 20 Best-Performing Growth Stocks for April 2024
- Investopedia: Growth Stocks
Disclaimer
This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
What is a growth stock?
Stocks of businesses whose revenue is increasing more quickly than average are known as growth stocks. Generally speaking, growth stocks reinvest profits back into their growth rather than paying dividends. When purchasing growth stocks, investors are hoping for a rapid increase in share prices.
Growth stocks are frequently compared to value stocks, which investors purchase in the hopes that their prices will rise following a recent decline, and income stocks, which investors purchase due to their steady dividend payments.
» Find out more about the distinctions between value and growth investing. Advertisement.
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| NerdWallet rating NerdWallets ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities.
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NerdWallet rating NerdWallets ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities.
4.1 /5 |
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Best-performing growth stocks
Below is a list of the top U. S. -listed growth stocks, ordered by one-year performance. We consider price-to-earnings ratios and dividend yield over the last year, as well as the growth rates of revenue and earnings over the previous year and previous year, in order to create this list.
|
Company |
Performance (Year) |
|---|---|
|
? |
853.14% |
|
? |
465.87% |
|
? |
371.10% |
|
? |
362.60% |
|
? |
272.32% |
|
Log in or register to view more. |
|
|
MakeMyTrip Ltd |
194.48% |
|
Palantir Technologies Inc |
168.64% |
|
Forestar Group Inc |
154.56% |
|
Nu Holdings Ltd |
150.21% |
|
Celsius Holdings Inc |
147.42% |
|
Uber Technologies Inc |
142.30% |
|
Paymentus Holdings Inc |
140.18% |
|
Crowdstrike Holdings Inc |
133.16% |
|
New Oriental Education & Technology Group Inc. ADR |
126.47% |
|
Tidewater Inc. |
124.00% |
|
Construction Partners Inc |
114.85% |
|
Weatherford International plc |
112.99% |
|
Saia Inc. |
112.57% |
|
Royal Caribbean Group |
112.08% |
|
Medpace Holdings Inc |
110.65% |
If you’re already a member of NerdWallet, sign in here to view the complete list and be taken back to this page.
Source: Finviz. Stock data is current as of Apr. 3, 2024, and is intended solely for informational purposes.
Take a look at our selection of the top online brokerages for trading stocks.
Top 7 Stocks to BUY NOW (High Growth Stocks)
FAQ
Which stocks are going to rise soon?
|
S.No.
|
Name
|
CMP Rs.
|
|
2.
|
Remedium Life
|
112.20
|
|
3.
|
Jyoti Resins
|
1398.00
|
|
4.
|
Knowledge Marine
|
1400.00
|
|
5.
|
Easy Trip Plann.
|
45.34
|
What stocks will skyrocket in 2024?
|
Stock
|
2024 return through March 31
|
|
Avidity Biosciences Inc. (RNA)
|
182%
|
|
Arcutis Biotherapeutics Inc. (ARQT)
|
206.8%
|
|
Janux Therapeutics Inc. (JANX)
|
250.9%
|
|
Trump Media & Technology Group Corp. (DJT)
|
254.1%
|
What stocks are rising the most?
|
Symbol
|
Name
|
% Change
|
|
GLBE
|
Global-E Online Ltd.
|
+7.54%
|
|
GPCR
|
Structure Therapeutics Inc.
|
+7.12%
|
|
SSL
|
Sasol Limited
|
+7.11%
|
|
RKT
|
Rocket Companies, Inc.
|
+6.87%
|
Which stocks have a potential to skyrocket?
Arista Networks, Inc. (NYSE:ANET), Albemarle Corporation (NYSE:ALB), Deere & Company (NYSE:DE), and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) are some stocks with explosive potential. Disclosure: None. is originally published on Insider Monkey. In this piece, we will take a look at the 12 stocks with the potential to skyrocket.
Which growth stocks will skyrocket in 2024?
Based on the consensus price targets of Wall Street analysts, three growth stocks are expected to skyrocket in 2024. Image source: Getty Images. The first supercharged growth stock that Wall Street, collectively, sees rising by triple digits in the new year is hydrogen fuel-cell solutions company Plug Power ( PLUG 0.29%).
Will growth stocks skyrocket in 2022?
Yet, in spite of this above-average performance, select Wall Street analysts and investment banks still see incredible value from a quartet of growth stocks. Based on the high-water price target on Wall Street for each respective company, these four stocks are expected to skyrocket between 107% and 240% in 2022. Image source: Getty Images.
Which growth stocks could skyrocket in the next 12 months?
Microsoft ( MSFT ): The tech company could ride artificial intelligence to new heights. Hershey ( HSY ): The chocolate maker continues to report strong earnings. Costco ( COST ): A breakout in the big box grocery retailer could be imminent. Read more about the top growth stocks that could skyrocket in the next 12 months!