What stocks to invest 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.
- Coinbase Global.
- Palantir Technologies.
- Applovin.
- Super Micro Computer.
- XPO.
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% |
The top undervalued stocks on the NYSE or the Nasdaq for February 2024 that are trading for under $50 include Globus Maritime, Diversified Healthcare Trust, Telesat, Smart Sand, Star Equity Holdings, Vast Platform, Xcel Brands, Ebang International Holdings, OptimumBank Holdings, Profire Energy, and Pacific Gas & ...
- Root, Inc. ( ROOT)
- EyePoint Pharmaceuticals, Inc. ( EYPT)
- GigaCloud Technology Inc. ( GCT)
- CleanSpark, Inc. ( CLSK)
- Aquestive Therapeutics, Inc. ( AQST)
- How We Selected the Best Cheap Growth Stocks.
February, on average, is the second worst month for the stock market. However, this year, the market is beating its historical performance. Long-term growth trends like artificial intelligence (AI) have carried the market, despite some stocks plummeting this month on the back of disappointing news.
Since 1928, February, on average, has delivered a negative 0.1% monthly return for the large-cap S&P 500 index SPX, the second worst month of a year on average.
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Rama Steel Tubes | 13.69 |
2. | Brightcom Group | 14.46 |
3. | Easy Trip Plann. | 44.08 |
4. | Radhika Jeweltec | 65.99 |
A separate Reuters poll of economists published earlier this week predicted June was the most likely month the Fed would begin cutting. Analysts expect overall S&P 500 earnings to rise 9.5% in 2024 after increasing around 4% in 2023, LSEG data showed.
What shares to buy March 2024?
- Deckers Outdoor (DECK) Source: Golden Dayz / Shutterstock.com. ...
- Celsius Holdings (CELH) Source: shutterstock.com/ex_artist. ...
- Mastercard (MA) Source: Teerasak Ladnongkhun/Shutterstock.com. ...
- Direct Digital Holdings (DRCT) ...
- Meta Platforms (META) ...
- Cava (CAVA)
Company | P/E |
---|---|
Aptiv PLC (APTV) | 7.63 |
Arch Capital Group Ltd (ACGL) | 7.91 |
Synchrony Financial (SYF) | 8.31 |
Marathon Petroleum Corp (MPC) | 8.49 |
For now at least, analysts are anticipating S&P 500 earnings growth will continue to accelerate in the first half of 2024. Analysts project S&P 500 earnings will grow 3.9% year-over-year in the first quarter and another 9% in the second quarter.
- KLA Corporation (NASDAQ:KLAC) Number of Q4 2023 Hedge Fund Shareholders: 55. ...
- General Electric Company (NYSE:GE) Number of Q4 2023 Hedge Fund Shareholders: 92. ...
- Lam Research Corporation (NASDAQ:LRCX) ...
- Eli Lilly and Company (NYSE:LLY) ...
- Netflix, Inc.
- Oracle Corporation (NYSE:ORCL) Year To Date Share Price Gain: 10.17% ...
- Broadcom Inc. (NASDAQ:AVGO) ...
- ServiceNow, Inc. (NYSE:NOW) ...
- Lam Research Corporation (NASDAQ:LRCX) Year To Date Share Price Gain: 11.98% ...
- Uber Technologies, Inc. (NYSE:UBER)
Name of the Share | Book Value (₹) | YTD (%) |
---|---|---|
Exide Industries | 148.69 | 63.97 |
Bajaj Hindusthan Sugar Ltd | 33.80 | 62.79 |
South Indian Bank | 33.87 | 43.88 |
Urja Global Ltd | 2.63 | 53.27 |
February is a bullish month for /VX, on a seasonal basis. Over the past 10 years, it has been the third-best month of the year for volatility, averaging a gain of 11.04%. Over the past 20 years, it has been the fifth-best month, averaging a gain of 5.83%.
Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.
With the S&P 500 Index coming off its best stretch in nearly four decades, the road gets tougher for investors as the calendar flips to February — historically one of the rockiest times of the year for US stocks.
Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile. Historically, April, October, and November have been the best months to buy stocks, while September has shown the worst performance.
What day of the month is cheapest to buy stocks?
Stock prices tend to fall in the middle of the month. So a trader might benefit from timing stock buys near a month's midpoint—the 10th to the 15th, for example. The best day to sell stocks would probably be within the five days around the turn of the month.
The stock market has had a strong February, with all three indexes posting their largest gains since 2023, even as inflation data continue to raise concerns about when the Federal Reserve will be able to start to cut interest rates.
Stock | Market Capitalization | Sector |
---|---|---|
Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
Sysco Corp. (SYY) | $41 billion | Consumer staples |
Coca-Cola Co. (KO) | $261 billion | Consumer staples |
S&P Global Inc. (SPGI) | $134 billion | Financials |
Company Name | LTP | % Change |
---|---|---|
Kanani Industries | 3.65 | -2.67 |
Dynamic Cables Ltd | 373.1 | 0.09 |
Hilton Metal Forging | 102 | -0.20 |
Alok Industries | 25.85 | -0.96 |
Key Takeaways. Each of the so-called Magnificent Seven stocks—Nvidia, Meta, Amazon, Microsoft, Alphabet, Apple and Tesla—gained at least 49% in 2023 and powered the broader market higher.
References
- https://www.roundhillinvestments.com/etf/mags/
- https://finance.yahoo.com/news/bubble-magnificent-7-stocks-actually-222829612.html
- https://www.mstock.com/articles/what-is-stock-holding-period
- https://www.empower.com/the-currency/money/how-to-avoid-capital-gains-tax
- https://finance.yahoo.com/news/10-stocks-rich-2024-140807355.html
- https://www.smallcase.com/collections/penny-stocks-in-india/
- https://www.nerdwallet.com/article/investing/best-performing-growth-stocks
- https://www.investopedia.com/financial-edge/0910/the-two-hour-a-day-trading-plan.aspx
- https://poe.com/poeknowledge/1512928000358234
- https://www.nerdwallet.com/article/investing/best-performing-stocks
- https://www.investor.gov/introduction-investing/investing-basics/glossary/securities-act-rule-144
- https://www.kiplinger.com/investing/stocks/where-can-the-magnificent-seven-stocks-go-in-2024
- https://www.nerdwallet.com/article/taxes/taxes-on-stocks
- https://www.sofi.com/learn/content/when-to-buy-stocks/
- https://www.livemint.com/market/market-stats/stocks-tata-steel-share-price-nse-bse-s0003026
- https://www.reuters.com/markets/us/sp-500-end-2024-with-small-gain-after-strong-2023-2024-02-22/
- https://www.thestreet.com/dictionary/bear-market
- https://www.indiainfoline.com/markets/hot-stocks
- https://www.smallcase.com/collections/what-are-multibagger-stocks/
- https://www.screener.in/screens/541146/growth-stocks-for-next-5-years/
- https://economictimes.indiatimes.com/definition/multibagger
- https://www.fool.com/investing/2024/03/19/3-stocks-that-are-on-their-way-to-doubling-in-2024/
- https://www.fool.com/investing/2024/03/27/3-stocks-that-can-double-again-in-2024/
- https://www.morningstar.com/stocks/top-5-overvalued-stocks
- https://www.fool.com/knowledge-center/the-tax-consequences-of-reinvesting-stock-capital.aspx
- https://www.goldmansachs.com/compliance-rule606/
- https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html
- https://www.fool.com/investing/2024/02/04/is-now-good-time-invest-ask-yourself-3-questions/
- https://www.vectorvest.com/blog/market-timing/can-you-buy-and-sell-stock-on-the-same-day/
- https://mastercompliance.com/2022/01/rule-147-offerings/
- https://finance.yahoo.com/news/13-stocks-double-2024-153022696.html
- https://www.investopedia.com/day-trading/best-time-day-week-month-trade-stocks/
- https://www.medpagetoday.com/psychiatry/generalpsychiatry/5104
- https://www.motilaloswal.com/blog-details/is-it-possible-to-sell-a-stock-for-a-profit-and-then-buy-it-back/20239
- https://www.fool.com/investing/2024/03/19/dont-buy-magnificent-seven-stocks-do-this-instead/
- https://www.lendenclub.com/blog/multibagger-penny-stocks-for-2025/
- https://www.investopedia.com/terms/o/openingprice.asp
- https://www.nasdaq.com/articles/this-stock-market-indicator-has-been-100-accurate-since-1957.-it-signals-a-big-move-in-the
- https://www.screener.in/screens/152288/best-stocks-under-value-50/
- https://www.barrons.com/articles/best-worst-stocks-february-5724737a
- https://www.federalregister.gov/documents/2021/01/19/2020-28790/rule-144-holding-period-and-form-144-filings
- https://www.forbes.com/sites/jacobwolinsky/2024/03/04/a-magnificent-2024-managers-review-their-magnificent-seven-holdings/
- https://money.usnews.com/investing/articles/undervalued-stocks-to-buy
- https://www.5paisa.com/share-market-today/penny-stocks
- https://www.investopedia.com/undervalued-stocks-under-50-february-2024-8575643
- https://www.tipranks.com/stocks/wmt/forecast
- https://www.usatoday.com/money/blueprint/investing/best-stocks-for-beginners/
- https://dor.wa.gov/taxes-rates/other-taxes/estate-tax/estate-tax-alternate-valuation
- https://www.nasdaq.com/articles/apple-stock-2024-prediction:-why-are-analysts-turning-bearish-on-aapl
- https://money.usnews.com/investing/articles/best-growth-stocks-to-buy
- https://www.investopedia.com/terms/c/capital_gains_tax.asp
- https://www.litefinance.org/blog/analysts-opinions/dow-jones-forecast/
- https://www.fool.com/investing/2024/02/26/history-says-february-terrible-stock-market/
- https://www.forbes.com/advisor/investing/stock-market-forecast-2024/
- https://www.investopedia.com/terms/h/holdingperiod.asp
- https://www.investopedia.com/best-undervalued-stocks-8550572
- https://admiralmarkets.com/education/articles/shares/the-best-performing-stocks-in-history
- https://www.nerdwallet.com/article/investing/the-best-investments-right-now
- https://www.indmoney.com/articles/stocks/multibagger-stocks
- https://economictimes.indiatimes.com/tata-steel-ltd/stocks/companyid-12902.cms
- https://www.iwillteachyoutoberich.com/when-do-you-sell-a-stock/
- https://www.investopedia.com/terms/r/rule144.asp
- https://www.screener.in/screens/801676/6-months-double/
- https://www.marketwatch.com/story/the-dow-jones-tends-to-fall-in-february-in-election-years-its-even-worse-ea83741d
- https://www.smallcase.com/collections/long-term-stocks-to-buy/
- https://www.indmoney.com/articles/5-best-stocks-to-invest-as-beginners
- https://www.fisherinvestments.com/en-us/insights/market-commentary/more-bull-market-in-store-for-2024
- https://www.morningstar.com/stocks/best-worst-performing-stocks-february-2024
- https://www.nerdwallet.com/article/investing/undervalued-stocks
- https://finalduties.co.uk/how-do-you-value-shares-for-probate/
- https://choiceindia.com/blog/10-best-shares-to-buy-today-for-long-term/
- https://www.bankrate.com/investing/best-investments/
- https://finimize.com/content/what-will-sp-500-return-over-next-10-years
- https://www.sec.gov/rules/1999/02/rule-701exempt-offerings-pursuant-compensatory-arrangements
- https://www.screener.in/screens/60880/multibagger-stocks/
- https://www.tastylive.com/news-insights/US-Stock-Futures-Seasonality-February-Mostly-Bullish-for-Stocks
- https://m.economictimes.com/markets/options/fo-stocks-to-buy-sell-today-tcs-hdfc-life-among-top-8-trading-ideas-for-29-february-2024/articleshow/108089307.cms
- https://money.usnews.com/investing/articles/best-long-term-stocks-to-buy
- https://smartasset.com/taxes/how-to-avoid-capital-gains-tax-on-stocks
- https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA10024.pdf
- https://www.sullivanlaw.com/viewpoints/sec-adopts-amendments-to-the-investment-company-names-rule-rule-35d-1
- https://www.screener.in/screens/359174/future-multi-bagger-stocks-in-10-year/
- https://money.usnews.com/investing/articles/magnificent-7-stocks-explainer
- https://restrictedstockinformation.com/resources/frequently-asked-questions-about-rule144-and-rule-145/
- https://www.stash.com/learn/how-long-do-bear-markets-last/
- https://www.motilaloswal.com/blog-details/exploring-the-top-10-penny-stocks-in-india-for-2024/22240
- https://www.forbes.com/advisor/investing/best-low-risk-investments/
- https://www.forbes.com/advisor/investing/stock-market-outlook-and-forecast/
- https://www.sec.gov/files/litigation/admin/2023/ia-6381.pdf
- https://www.mstock.com/articles/10-best-shares-to-buy-today-for-long-term
- https://finance.yahoo.com/news/barclays-believes-the-sp-500-could-hit-6000-soon--and-its-not-alone-190849325.html
- https://finance.yahoo.com/news/10-best-performing-growth-stocks-082238358.html
- https://finance.yahoo.com/news/10-best-stocks-invest-2024-200401023.html
- https://www.nytimes.com/2024/01/19/business/stocks-bull-market.html
- https://finance.yahoo.com/news/bull-market-according-history-long-084300994.html
- https://www.screener.in/screens/797657/stock-doubling-every-3-years/
- https://www.morningstar.com/5-star-stocks
- https://www.investopedia.com/cheap-growth-stocks-march-2024-8605511
- https://www.bloomberg.com/news/articles/2024-02-04/stock-market-s-rah-rah-mob-confronts-february-s-weak-record
- https://www.5paisa.com/share-market-today/stocks-to-buy-or-sell-today
- https://www.forbes.com/sites/bethkindig/2024/02/29/the-magnificent-7-are-falling-like-dominos-only-3-remain/
- https://finance.yahoo.com/news/10-best-performing-growth-stocks-151853454.html
- https://investorplace.com/2024/03/the-top-7-stocks-to-buy-in-march-2024/
- https://www.morningstar.com/news/marketwatch/20240325111/wall-street-revamps-2024-sp-500-targets-after-record-setting-stock-market-rally
- https://www.screener.in/screens/173263/high-profit-stocks/?order=asc
- https://www.indmoney.com/articles/top-5-stocks-to-invest
- https://www.indmoney.com/articles/best-stocks-to-buy-under-rs-50
- https://capex.com/en/overview/dow-jones-price-prediction
- https://www.investopedia.com/is-the-ride-of-the-magnificent-seven-over-8608006
- https://www.5paisa.com/blog/fundamentally-strong-penny-stocks-in-india
- https://finance.yahoo.com/news/16-most-undervalued-growth-stocks-135418557.html
- https://millennialmoney.com/best-stocks-to-buy-for-beginners/
- https://finance.yahoo.com/news/stocks-bubble-keep-inflating-until-233122429.html
- https://www.screener.in/screens/92669/best-long-term-stocks/
- https://www.kiplinger.com/investing/stocks/best-stocks-to-buy-now