Which stock is best in February 2024?
Best-Performing Stocks for February 2024
- 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.
| 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% |
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%).
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.
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.
- Best Technology Stock: Nvidia Corp.
- Best Social Media Stock: Meta Platforms.
- Best Digital Ad Stock: Alphabet.
- Best Fast Food Restaurant Stock: Chipotle.
- Best Cloud Computing Stock: Microsoft.
- Best Fintech Stock: Visa.
- Best Consumer Staples Stock: Celsius Holdings.
- Best E-Commerce Stock: Amazon.
Wayfair Inc. (NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc. (NYSE:PLTR) are some of the stocks that will double in 2024, besides StoneCo Ltd.
| 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. | Guj. Themis Bio. | 384.75 |
| 2. | Refex Industries | 141.30 |
| 3. | Tanla Platforms | 941.15 |
| 4. | M K Exim India | 76.69 |
What is the best growth stock for March 2024?
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.
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.
- British American Tobacco BTI.
- Imperial Brands IMBBY.
- Reckitt Benckiser Group RBGLY.
- Pfizer PFE.
- Anheuser-Busch InBev BUD.
- Polaris PII.
- Ambev ABEV.
- Estee Lauder EL.
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. For example, if a stock closed at $40 the previous day, opened at $42 the next, and reached $43 by 10 a.m., this would indicate that the stock is likely to remain above $42 by market close.
Best time of the year to buy stocks
With the turn of the year comes optimism and new cash infusions, making December and January months that have historically seen stocks rise. April also tends to be a strong month for stocks.
The most likely cause of this below-average performance is that exuberant traders jump on the bullish bandwagon at the end of those Januarys in which it becomes clear that the market will be up for the month. This causes the market to get ahead of itself, leading to below-average performance in February.
There are signs that a rebound in IPO volume is in the cards for this year, with interest rates peaking and stock markets around the world rallying during the early months of 2024.
| 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 |
- Bajaj Finance Ltd.
- Titan Company Ltd.
- Varun Beverages Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Tube Investments of India Ltd.
- SRF Ltd.
- Solar Industries India Ltd.
- Persistent Systems Ltd.
| 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 |
Which stock is best for 2025?
- BAMPSL Securities: With a current market price (CMP) of INR 9.87, BAMPSL.
- Securities have shown a 29.87% increase over the past year. ...
- Rajnish Wellness: Trading at INR 11.52, Rajnish Wellness has surged by **41.70%** in the last year, with a range of INR 7.75 to INR 20.50¹.
Costco has 9.97% upside potential, based on the analysts' average price target. Is COST a Buy, Sell or Hold? Costco has a conensus rating of Strong Buy which is based on 19 buy ratings, 6 hold ratings and 0 sell ratings.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 2. | Motherson Wiring | 70.14 |
| 3. | I R C T C | 1011.80 |
| 4. | Lloyds Metals | 718.25 |
| 5. | Hindustan Zinc | 409.10 |
| S.No. | Name | ROCE % |
|---|---|---|
| 2. | Insolation Ener | 19.64 |
| 3. | SG Mart | 14.52 |
| 4. | Waaree Renewab. | 83.80 |
| 5. | Veritas (India) | 4.59 |
| S.No. | Name | P/E |
|---|---|---|
| 1. | Life Insurance | 15.36 |
| 2. | Dr Reddy's Labs | 19.45 |
| 3. | Shree Cement | 38.04 |
| 4. | Hero Motocorp | 23.22 |
