Best Investment Right Now
The magnificent seven stocks are still tops, with phenomenal 2024 returns to date. Despite market volatility, these stocks have performed well. This just goes to show how significant AI and tech are in our everyday lives. Alphabet achieved a 22.7% YTD return, with Microsoft achieving 14.7%. The big winners are Amazon at 40.5%, Apple at 26% despite its struggling sales in China, Tesla at 41.4% after a struggling first half of the year, Meta at a whopping 73.4% and Nvidia wins with a 183.35% YTD return.
Nvidia powers on with its powerful AI chips in global demand, and Tesla skyrockets as Elon Musk becomes a Trump ally and EV sales boosts with talks of robotaxis.
Mass retail chain Walmart has seen an 81% soar in its share price this year to date with its e-commerce holiday sales. Walmart has only been topped on the Dow Jones by Nvidia’s growth. Another retail giant, Costco, is in the middle of a digital reinvention with its e-commerce side, beating Amazon with a 49% gain.
It seems it’s the age of tech and digital online sales.
Please note, the above is for educational purposes only and does not constitute advice. You should always contact your advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.