From Nasdaq:

Investors were skeptical as 2022 came to a close, but U.S. equities had a bullish year despite inflation, war, and banking crisis. The fourth year of a new presidential cycle typically sees strong rallies, suggesting that stocks may keep moving up from summer to year-end.

Semiconductors & AI-related stocks, biotech & healthcare, and small caps are expected to outperform in 2024. Stocks in these areas have shown positive trends, with Nvidia, Karuna, and Novo Nordisk making significant gains.

Mergers and acquisitions, drug breakthroughs, and favorable valuations have revived investor interest in biotech and healthcare stocks. Small caps, like Russell 2000 Index ETF (IWM), also showed bullish momentum late in 2023.

Zacks Investment Research has identified 7 elite stocks for the next 30 days, from AI-related stocks to biotech & healthcare. This curated list has beaten the market, with an average gain of +24.0% per year since 1988. To read this Zacks article in full, click here.



Read more: Bullish Continuation in ’24? 3 Market Areas to Watch