2024 Stocks to consider - MSFT, PLTR, AAPL, UBS +++
Three weeks into 2024 and we are already experiencing wild swings in the US market.
In the midst of the “turmoil”, there are certain sectors that are still thriving.
Wall Street analysts have gathered Top 10 stocks from these resilient sectors.
They predicted that these stocks will remain in the Top 10 by end 2024.
I have pondered for a moment, whether to share this information and decided to do so after careful considerations.
Below is the list of 10 US stocks & sectors that analysts feel will be 2024 winners.
Stock take.
$Apple(AAPL)$ and $Microsoft(MSFT)$ are slugging it out to be the most valuable in the S&P 500.
Microsoft just took the title on Mon, 16 Jan 2024 but analysts have their personal view on who will be the winner by year end.
Based on data from S&P Global Market Intelligence and MarketSmith, Microsoft (powered by its aggressive push into Artificial Intelligence (AI)) is expected to surge +6.5% to $3.1 Trillion in value within 12 months.
Wedbush’s analyst Dan Ives said:
Microsoft is poised to score from AI, just like Apple had with the smartphone wave for >10 years“
The surge in all things AI is set to change Microsoft’s cloud growth trajectory in the next few years.
When that happens, Microsoft will seal its ranking as the most valuable S&P 500 company.
S&P 500 - Battle For #1 spot.
On Monday, Apple lost the title — barely.
There is a need to go to three decimal points to see the marginal difference between Microsoft & Apple.
Apple is valued at $3.04 Trillion, marginally behind Microsoft at $3.11 Trillion.
The two Tech giants have been jockeying for pole position for years.
In late November 2021, Microsoft's value pulled ahead of Apple's, all thanks to its investments in AI taking off..
For FY2023, Apple's revenue is expected to fall -0.8% to $384.4 Billion.
On the other hand, Microsoft's is seen jumping more than +11% to $226.6 Billion. For 2024, Microsoft’s revenue is expected to rise another +14.4%.
This is why analysts are betting Microsoft will seal the #1 spot.
S&P 500: Another tussle taking place.
Analysts are also betting on payments systems operator Visa(V) to rise in S&P 500 ranking to #9.
This comes as a surprise, because it means Visa will snatch the spot from red-hot pharmaceutical, Eli Lilly(LLY).
The surprise stems from Eli Lilly’s recent victories in neurological diseases and obesity treatments; that should bode well for this blue-chip pharmaceutical giant.
Unfortunately, Eli Lilly's value is forecast to fall -3.3% to $563 Billion, in the next 12 months.
For 2024, Visa is predicted to jump +8.9%. Should that happen, Visa’s market value will be $581.1 Billion, enough to edge out Eli Lilly for the 9th spot permanently.
My viewpoints & analysis : (mine & mine only)
Grouping the 10 stocks into their respective sectors: a pattern emerges
Information Technology - 3 (MSFT, AAPL, NVDA).
Communication Services - 2 (GOOG, META).
Consumer Discretionary - 2 ( $Amazon.com(AMZN)$ , TSLA).
Financials - 2 (BRK.A, V).
Heathcare - 1 (LLY).
These are the “investible” sectors for 2024, when looking for US stocks to invest.
Top 10 stocks performances.
S&P 500 most valuable stocks - Top 1 to 5
S&P 500 most valuable stocks - Top 6 to 10
Which are rising?
Since the beginning of 2024, US market has been consolidating due to the many concerns.
The latest spook of course was December 2023’s 3.4% Consumer Price Index (CPI). It was +0.3% higher than November’s data and +0.2% higher than forecast.
Looking at above 2 diagrams, while US market undergoes pullback:
Nivida, Microsoft and Visa are bucking the downwards trend.
Remaining 7 stocks experienced the same pullback.
Dividends issue.
Is it a surprise to learn that only 50% or half of the Top 10 stocks issue dividends?
The most “generous” dividends issuing stocks (in descending order) :
Eli Lily.
Visa.
Microsoft.
Personal Top 10 Picks.
I believe that there are similar or better stocks apart from the popular blue-chips that are overpriced currently.
Below are alternative Top 10 US stocks (from the same sectors) that deserves a look.
As we head into the unknown 2024 where history remains to be played out, wouldn’t it be a strategic move to invest in US stocks that have healthy dividend issue or take a leap of faith ?
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Do you think above Top 10 stocks are worth monitoring and jump-in when the price is right?
Do you think it’s a “wiser” strategy to invest in dividends issuing stocks in the 5 sectors mentioned?
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