Which stock will be double in 2023?
Three AI stocks that did particularly well last year were Nvidia (NVDA 4.97%), C3.ai (AI 0.28%), and Tesla (TSLA -0.50%), all doubling in value in 2023.
Three AI stocks that did particularly well last year were Nvidia (NVDA 4.97%), C3.ai (AI 0.28%), and Tesla (TSLA -0.50%), all doubling in value 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.
Tata Motors: At a current market price (CMP) of ₹779.40, the Tata Groupstock emerged as the top Nifty 50 performer in 2023, logging a sharp 10.2. 74 per cent increase in its stock price.
Company | Ticker | % of S&P 500 gain** |
---|---|---|
Nvidia | (NVDA) | 13.1% |
Microsoft | (MSFT) | 9.7% |
Amazon.com | (AMZN) | 8.1% |
Alphabet | (GOOGL) | 6.1% |
Company | Industry |
---|---|
HDFC Bank | Banking |
Reliance Industries | Conglomerate |
Bajaj Finance | Financial Services |
Larsen & Toubro | Engineering and Construction |
- Carnival: 133% -- consumer discretionary.
- Advanced Micro Devices: 128% -- technology.
- PulteGroup: 127% -- consumer discretionary.
- Palo Alto Networks: 111% -- technology.
- Tesla: 102% -- consumer discretionary.
- S&P 500: Amazon Stock. Amazon stock ran up to start the year, consolidated for a few months and then broke out in May from a bottoming base that was mostly below the 200-day line. ...
- Apple Stock. ...
- Google Stock. ...
- Meta Stock. ...
- Microsoft Stock. ...
- Nvidia Stock. ...
- S&P 500: Tesla Stock.
Despite plenty of ups and downs this year (including a nasty correction between late July and late October), 2023 has been rather fruitful for investors. The S&P 500 is up 14% since the end of 2022 and seemingly ready to end the year on a high note. It's quite a turnaround from last year's bear market.
Investors have plenty to cheer as 2023 draws to a close, with the S&P 500 ending the year with a gain of more than 24% and the Dow finishing near a record high. Easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year.
Which top 5 shares to buy?
STOCK | ACTION | TRADE PRICE |
---|---|---|
EIDPARRY | BUY | 658 |
BFUTILITIE | BUY | 633 |
CDSL | BUY | 1810 |
J&KBANK | BUY | 139 |
The winners
Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla, known collectively as the 'Magnificent 7,' dominated the S&P 500 and soared well over 100% in 2023.
![Which stock will be double in 2023? (2024)](https://i.ytimg.com/vi/iv4sMMdfX54/hq720.jpg?sqp=-oaymwEcCNAFEJQDSFXyq4qpAw4IARUAAIhCGAFwAcABBg==&rs=AOn4CLB6qMZ_LmNEBvICV0WnSdkVmZznBQ)
Airbnb, Amazon, Global-e, Lululemon, MercadoLibre, and Nu holdings are still on it. Not only were they all market beaters in 2023, but the same qualities that made them great candidates last year remain reasons to buy them this year, and I see them as great long-term candidates.
Like DraftKings Inc. (NASDAQ:DKNG), NVIDIA Corporation (NASDAQ:NVDA) and Bit Digital, Inc. (NASDAQ:BTBT), DUOL is one of the best-performing growth stocks in 2023.
Stock | Implied upside over Jan. 17 close |
---|---|
Meta Platforms Inc. (META) | 5.9% |
Tesla Inc. (TSLA) | 39.2% |
Exxon Mobil Corp. (XOM) | 24.8% |
AbbVie Inc. (ABBV) | 11.1% |
To complete the top stocks, we will have to wait an additional month for Nvidia (NVDA) to release earnings at the end of February. (The Magnificent Seven stocks include: Tesla, Meta, Alphabet, Amazon, Apple, Microsoft and Nvidia.)
VVV, AGL and VTNR are top stocks for EPS and revenue growth, respectively. Top growth stocks this month include Valvoline Inc., PPG Industries Inc., and Agilon Health Inc., all of which more than doubled their earnings in the most recent quarter.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Sical Logistics | 255.00 |
2. | SG Mart | 10438.90 |
3. | Jai Balaji Inds. | 1072.65 |
4. | Giriraj Civil | 815.95 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Guj. Themis Bio. | 338.55 |
2. | Refex Industries | 680.70 |
3. | Tanla Platforms | 1007.70 |
4. | M K Exim India | 85.72 |
Stock | Sector | Trailing-12-month dividend yield |
---|---|---|
Kimberly-Clark Corp. (KMB) | Consumer staples | 3.9% |
3M Co. (MMM) | Industrials | 6.3% |
Allstate Corp. (ALL) | Financials | 2.2% |
Federal Realty Investment Trust (FRT) | Real estate | 4.2% |
Which stock has the highest return?
Company | Performance (Year) |
---|---|
Advanced Micro Devices Inc. (AMD) | 107.80% |
Broadcom Inc (AVGO) | 102.77% |
Lilly(Eli) & Co (LLY) | 94.50% |
Fair Isaac Corp. (FICO) | 82.66% |
- Stock to buy today: PNC Infratech (₹368.35): BUY.
- Stock to buy today: Latent View Analytics (₹466.75): BUY.
- Stock to buy today: Unichem Laboratories (₹454.70): BUY.
- Stock to buy today: NCC (₹170.70): BUY.
- Stock to buy today: EIH (₹265.55): BUY.
- Stock to buy today: VIP Industries (₹652.90) – BUY.
Company (Ticker) | Forward P/E Ratio |
---|---|
Citigroup (C) | 8.9 |
Fidelity National Information Services (FIS) | 13.2 |
Humana (HUM) | 13.7 |
Intuitive Surgical (ISRG) | 58.1 |
With a gain 22% in six months and 63% over the past year, besting the 21% rise in the S&P 500 index, Amazon (AMZN) stock has been one of the strongest performers in the Magnificent Seven. The e-commerce giant's growth and efficiency strategies have paid off handsomely.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Giriraj Civil | 815.95 |
2. | Cupid | 1710.85 |
3. | Mufin Green | 242.30 |
4. | Jai Balaji Inds. | 1072.65 |
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