In 2023, the S&P 500's 26% rise reignited investor interest in high-growth stocks, shifting from cautious to 'risk-on' investing.
If you want to invest for growth in the upcoming year, these nine stocks are a good place to start.
Apple Inc.
It seems almost certain that AAPL stock will continue to dominate in the years to come with cash like that to throw around to lower the share count and naturally increase earnings per share.
Booking Holdings has easily outperformed the S&P 500 over the past five years, returning 105% as opposed to the popular index's roughly 85%.
Booking Holdings Inc.
Nvidia Corp.
Shares soared over 1,200% in five years and 230% in the last year, indicating a bright future for this leading next-gen semiconductor stock.
Microsoft Corp.
With its Azure cloud services, which account for about 20% of the market, Microsoft is also a significant player in the cloud computing space
Costco Wholesale Corp.
When profit and revenue are growing steadily, it's difficult to imagine a time when Costco warehouses won't be at the top.
Chipotle Mexican Grill Inc.
Chipotle's growth is also expected to continue, with estimates for revenue growth of more than 13% in the upcoming fiscal year 2024.
CrowdStrike Holdings Inc.
After making its IPO in 2019 for roughly $60, CrowdStrike is currently trading for almost five times that amount. This is due to the company's consistently strong growth.
Tesla Inc.
Tesla's significant and continuing growth in the electric vehicle market makes it a potentially good investment opportunity.
Enphase Energy Inc.
Enphase Energy's significant stock growth over the past years makes it a potentially good investment opportunity.