High-Growth US Stocks
Owen Murphy
| 28-11-2024
· News team
When it comes to investing in the US stock market, technology stocks often lead the way, and 2024 has been no exception.
With rapid advancements in AI, cybersecurity, and cloud computing, several tech stocks have performed exceptionally well this year.
Here's a breakdown of the top-performing tech stocks in the Nasdaq 100 index, plus other sectors that offer excellent opportunities for investors.
Top-Performing Tech Stocks of 2024
In 2024, several tech stocks have been standout performers, driven by demand in areas like AI, cloud computing, and semiconductors. The best-performing stocks in the Nasdaq 100 from the tech sector are listed below, based on one-year returns. This data highlights the significant growth potential within tech for investors, but it's important to look at other sectors for balance as well.
Discover the Essentials: Unlocking the Golden Path to Smart Investments!
Children's Day Speech 2024: Inspiring Ideas For Students And Teachers. Don't Miss!
The design of alternative buildings pursues innovation and uniqueness and breaks through traditional architectural forms and norms.
The evolution of world mobility: the road to infinite possibilities.
For tea lovers, Mount Fuji is also a sacred mountain for breeding good tea.
Landmark building lighting illumination can present a more beautiful city scenery.
5 Stocks I’m Buying Right Now in November 2024
Video by Let's Talk Money! with Joseph Hogue, CFA
Best-Performing Tech Stocks in 2024 (One-Year Returns)
NVIDIA Corp (NVDA) – 219.91%
Arm Holdings plc. ADR (ARM) – 180.05%
Broadcom Inc (AVGO) – 98.04%
Marvell Technology Inc (MRVL) – 77.71%
Crowdstrike Holdings Inc (CRWD) – 69.96%
Trade Desk Inc (TTD) – 68.44%
Datadog Inc (DDOG) – 53.88%
Source: Finviz. Data current as of Nov. 1, 2024. This information is for reference only, not for trading purposes.
These stocks reflect strong performance within the tech sector, yet the market holds additional opportunities in other sectors that show promise for those aiming to diversify.
Why Look Beyond Technology Stocks?
Tech stocks might dominate the headlines, but by expanding into other sectors, investors can reduce risk and capture growth across the broader economy. Diversifying into sectors like healthcare, energy, financials, and consumer staples can balance a portfolio and enhance long-term stability.
1. Healthcare Stocks: A Prescription for Long-Term Gains
Why Healthcare is Growing
With an aging population and constant medical innovations, healthcare stocks provide both stability and growth potential. Health stocks also tend to be less volatile, making them ideal for long-term investment.
Key Stocks to Watch
UnitedHealth Group (UNH) and Johnson & Johnson (JNJ) are industry leaders, while Pfizer (PFE) continues to drive forward with new vaccines and treatments.
2. Energy Stocks: Capitalizing on the Shift Toward Renewables
The Transition to Green Energy
As the world transitions to cleaner energy sources, companies focused on both traditional energy and renewables are gaining attention. This sector is expected to grow as energy demand and green technology adoption increase.
Key Stocks to Watch
ExxonMobil (XOM) and Chevron (CVX) are strong choices in traditional energy, while NextEra Energy (NEE) and First Solar (FSLR) are leaders in the renewables sector.
3. Financial Stocks: Banking on Growth and Stability
Why Financials Are Important
Financial stocks benefit from rising interest rates, as higher rates increase lending margins. This sector also offers dividend-paying options, making it attractive for income-focused investors.
Key Stocks to Watch
Consider JPMorgan Chase (JPM) and Goldman Sachs (GS) for banking exposure, or Berkshire Hathaway (BRK.A) for diversified financial investments.
4. Consumer Staples: Reliable Stocks for Uncertain Times
The Appeal of Consumer Staples
Consumer staples, which produce everyday goods, tend to be stable during economic downturns, offering predictable demand and often paying dividends.
Key Stocks to Watch
Procter & Gamble (PG) and Coca-Cola (KO) are household names with consistent performance. Costco (COST) is another strong performer in the retail sector.
5. Real Estate: Investing in Physical Assets Through REITs
The Value of Real Estate
Real Estate Investment Trusts (REITs) provide exposure to the property market without direct ownership, offering dividends and protection against inflation.
Key Stocks to Watch
American Tower (AMT) and Prologis (PLD) offer exposure to commercial and logistics properties, while Simon Property Group (SPG) is a key player in retail real estate.
6. Industrials: A Play on Infrastructure and Manufacturing
Growth in Manufacturing and Infrastructure
Industrials stand to benefit from rising infrastructure spending, reshoring, and advancements in manufacturing technology.
Key Stocks to Watch
Caterpillar (CAT) and Honeywell (HON) are leaders in industrial equipment, while Union Pacific (UNP) offers growth potential in freight transportation.
Diversifying outside technology can result in a more balanced portfolio, even though the tech industry has generated some impressive profits in 2024.
Dear Lykkers, every industry, from consumer staples to healthcare, has distinct benefits and room for expansion for investors, allowing them to manage market swings while setting themselves up for long-term success.