What is the best large-cap stock for 2024?
UnitedHealth Group Incorporated (NYSE:UNH), Bank of America Corporation (NYSE:BAC), Berkshire Hathaway Inc. (NYSE:BRK-B), and JPMorgan Chase & Co. (NYSE:JPM) are some top hedge fund large cap value stock picks. Click here to continue reading and check out 5 Best Large-Cap Value Stocks To Invest In in 2024.
| Stock | 2024 return through March 31 |
|---|---|
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| Viking Therapeutics Inc. (VKTX) | 340.6% |
- Adani Green Energy Ltd. Power Generation & Distribution.
- AU Small Finance Bank Ltd. Banks.
- Polycab India Ltd. Cables.
- KEI Industries Ltd. Cables.
- Avanti Feeds Ltd. FMCG.
- Bajaj Finance Ltd. Finance.
- Britannia Industries Ltd. FMCG.
- Adani Total Gas Ltd. Gas Distribution.
Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.
| Ticker | Company | Market Cap ($B) |
|---|---|---|
| GTIM | Good Times Restaurants Inc. | 0.02 |
| TANH | Tantech Holdings Ltd. | 0.003 |
| ACB | Aurora Cannabis Inc. | 0.05 |
| ZCAR | Zoomcar Holdings Inc. | 0.09 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 375.50 |
| 2. | Refex Industries | 142.80 |
| 3. | Tanla Platforms | 928.65 |
| 4. | M K Exim India | 75.40 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 2. | Brightcom Group | 16.18 |
| 3. | Easy Trip Plann. | 46.40 |
| 4. | Radhika Jeweltec | 69.60 |
| 5. | KMC Speciality | 98.30 |
That's why the American Association of Individual Investors recommends that investors allocate only 20% to 25% of their portfolio to large-cap stock. That said, your asset allocation could differ from these types of guidelines based on your risk tolerance and investment goals.
Large-cap stocks tend to be companies that are established in their markets with long-term histories. Some feel this makes them “safer” to invest in. Larger company stocks also often pay dividends, allowing you to capture some of the return of your investment, which some investors view as a benefit.
While small-cap stocks can generate higher returns, they also have a higher risk profile. Conversely, large-cap stocks witness smaller growth but are more stable. Investors should consider investing in both for a balanced portfolio.
Will 2024 be a bull or bear market?
After a spectacular 2023, stocks are off to the races again in 2024. YTD, the Dow is up 2.72%, the S&P is up 7.28%, and the Nasdaq is up 6.41%. (And that's on top of last year's 13.7%, 24.2%, and 43.4% respectively.)
Stocks are up big to start 2024 — a good sign for an election year, according to BlackRock. Equity gains have averaged 7.3% and 7.5%, respectively, in presidential-election and non-election years since 1928, according to the investment-management firm.
Positive returns -- but smaller than in 2023
I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.
- 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.
The top undervalued, non-penny stocks on the NYSE or the Nasdaq for March 2024 that trade below $50 per share include Joyy, Ebang International Holdings, STRATTEC Security, Central Plains Bancshares, EuroDry, Landsea Homes, Viatris, Alico, Universal Stainless & Alloy Products, EQT, and Consolidated Water Co.
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is arguably the most undervalued member of the Magnificent Seven. The advertising giant trades at a 29 P/E ratio and has been expanding its profit margins thanks to cost-cutting and top-line growth.
- Celsius: Up 64% Shares of Celsius are sparkling this year, and that's fitting since it's a fast-growing player in sparkling functional beverages. ...
- Sweetgreen: Up 95% ...
- Instacart: Up 59%
| Company | Industry |
|---|---|
| Reliance Industries | Conglomerate |
| Bajaj Finance | Financial Services |
| Larsen & Toubro | Engineering and Construction |
| ITC | Tobacco and FMCG |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | KMC Speciality | 86.92 |
| 2. | Advani Hotels. | 87.50 |
| 3. | Refex Industries | 142.80 |
| 4. | Man Infra | 211.90 |
| Stock Name | Market Cap (in Cr) | Stock Price |
|---|---|---|
| Varun Beverages Ltd | ₹1,63,753 | ₹1,266.35 |
| Adani Enterprises Ltd | ₹3,40,620 | ₹2,903.45 |
| Tube Investments of India Ltd | ₹78,217 | ₹4,006.2 |
| Tanla Platforms Ltd | ₹15,843 | ₹1,049.45 |
Which 10 stocks to buy right now?
- Stock to buy today: Sudarshan Chemical Industries (₹609.3)
- Stock to buy today: Data Patterns (India) (₹2,238.60): BUY.
- Stock to buy today: Federal Bank (₹164.60): BUY.
- Stock to buy today: PNC Infratech (₹368.35): BUY.
- Stock to buy today: Latent View Analytics (₹466.75): BUY.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1142.30 |
| 2. | Life Insurance | 1003.05 |
| 3. | Remedium Life | 121.30 |
| 4. | Tips Industries | 465.05 |
The group is made up of mega-cap stocks Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Meta Platforms (META), Tesla (TSLA) and Nvidia (NVDA). In 2023, the Magnificent 7 stocks logged an impressive average return of 111%, compared to a 24% return for the broader S&P 500.
Drawbacks: Slower growth: Large-cap stocks may not offer the same growth potential as smaller companies, limiting potential capital appreciation.
- Indian Hotels Company Ltd. ...
- Punjab National Bank. ...
- Polycab India Ltd. ...
- One 97 Communications Ltd. ...
- Astral Ltd. ...
- Cummins India Ltd. ...
- IDFC First Bank Ltd. ...
- AU Small Finance Bank Ltd.
