The 5 Best Stocks to Buy Before 2024

The 5 Best Stocks to Buy Before 2024: Investing in the stock market is not an easy task for everyone, for this, it is very important to have good knowledge and analysis of stocks. Today many people want to invest in the stock market. By which they can earn a good income. Today we are going to give you information about some such stocks which if you buy in 2024, you can make a good profit. We are going to give you information about 5 stocks according to the current market situation.

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The 5 Best Stocks to Buy Before 2024:

Here we are going to give an overview of the 5 best stocks of 2024:

1: Caterpillar (CAT):

Caterpillar, this company is a leading manufacturer of construction and mining equipment, you can see the share price rise by 4% after releasing its second-quarter financial results.
Despite seeing a mixed performance, Caterpillar demonstrated strong demand for its large excavators and construction equipment.
The company is still getting benefits from higher prices and is well positioned despite a large spending surge on infrastructure across the US.
Caterpillar’s Q2 EPS of $5.99 exceeded Wall Street forecasts, coming in at $5.54 from the expected $16.70 billion.
Its revenue was $16.70 billion, but the $1 trillion investment in infrastructure projects by the federal government is making Caterpillar financially strong.

2: Palantir (PLTR):

Palantir, a software and data analytics company, and its Q2 performance was very impressive and showed very good results, its stock price up by 13%.
The company just posted EPS of 9 cents, in line with the 8 cents consensus among analysts.
Palantir’s revenue for the spring quarter rose to $678 million, well above Wall Street’s estimate of $653 million.
Such strong results come as demand for Palantir’s artificial intelligence software products has grown.
Palantir grew its number of customers in the U.S. commercial market to 295 in Q2 (an 83% increase over the prior year).
Palantir’s Q3 revenue came in at $701 million, up from $697 million, well above Wall Street’s estimate of $681 million.
PLTR stock is up 50% over the past 12 months, which has attracted a lot of investors.

Remember Warren Buffett’s advice: “Be greedy only when others are fearful.”

3: Dick’s Sporting Goods (DKS):

DKS stock has been on a tear lately as retail stocks are in a bear market. DKS stock is down 7% since August 1.
However, it is offering its investors a chance to consider a well-rated stock at a discounted price. Over the past five years, Dick’s Sporting Goods has been a long-term compounder, showing growth of 510%.
The company’s Q1 results were strong. It reported EPS of $3.30, above analysts’ estimates of $2.95. Revenue rose to $3.02 billion, above the consensus forecast of $2.94 billion.
Dick’s raised its full-year guidance, expecting earnings between $13.35 and $13.75 from a previous outlook. The stock has gained 36% over the past 12 months.

4: Pfizer (PFE):

Despite the volatility in the market, Pfizer’s stock (PFE) has gained 6% in the past month.
The stock was impacted by Covid times as vaccine sales declined, but recent results have eased those concerns.
In the second quarter, Pfizer made EPS of 60 cents (better than the expected 46 cents) and revenue of $13.28 billion (higher than the expected $12.96 billion).
This is the first time Pfizer’s sales have increased since the end of 2022, when COVID-19 was at its peak.
Covid-19 antiviral pill “Paxlovid” saw good sales which showed good results
Despite the recent decline, Pfizer remains in a strong position in the pharmaceutical industry.

5: Chipotle Mexican Grill (CMG):

CMG had a 50-for-1 stock split in June, which has impacted the stock.
Over the past month, CMG stock has declined 8%, down 21% from its 52-week high through today.
The company also faced a recession, which affected consumer spending at restaurants.
Despite all these challenges, Q2 results were positive.
EPS was 34 cents and quarterly sales totaled $2.97 billion (higher than expected $2.94 billion). Sales increased 18.2% year over year, and same-store sales increased 11.1% (higher than the estimate of 9.2%). Foot traffic at CMG restaurants increased 8.7% during Q2. CMG is one of the best stocks to buy, up 45% over the past 12 months.

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