From Nasdaq Inc.:

Zacks.com announces stocks featured in the Analyst Blog, including Riot Platforms, Marathon Digital, NVIDIA, Meta Platforms, and CrowdStrike. The blog highlights three stocks that are better bets than cryptos in 2024 due to uncertain regulatory concerns and market volatility. NVIDIA, Meta Platforms, and CrowdStrike are recommended as strong stock picks with favorable growth prospects and solid investment opportunities.

Riot Platforms and Marathon Digital tumbled in Thursday’s trading due to concerns about heavy investments in mining equipment and a potential recession in 2024. Regulatory concerns and government control over crypto transactions are additional negatives. However, shares of NVIDIA, Meta Platforms, and CrowdStrike have gained over 100% in 2023, thanks to their fundamental strength and favorable combination of a Growth Score of A or B and a Zacks Rank #1 or #2.

NVIDIA, Meta Platforms, and CrowdStrike are highly reputed, financially resilient stocks that also have taken an interest in cryptocurrencies and have strong positions in booming markets like generative AI, social media platforms, and cybersecurity. NVIDIA’s shares have gained 239.1% year to date, while Meta Platforms and CrowdStrike have surged 197.7% and 145%, respectively, on a year-to-date basis.

NVIDIA, Meta Platforms, and CrowdStrike currently carry a Zacks Rank #2 and have a Growth Score of A. Their 2024 earnings estimates have moved north, making them solid investment opportunities. CrowdStrike’s discovery of the first-ever Dero cryptojacking operation targeting Kubernetes infrastructure and its benefit from solid demand for cybersecurity solutions are additional positive factors.

Zacks’ top stock-picking strategies have soared with average gains of +46.4%, +49.5% and +55.2% per year since 2000. NVIDIA, Meta Platforms, and CrowdStrike are among the top stocks for 2024 according to Zacks Director of Research, Sheraz Mian. The Zacks Top 10 Stocks have gained +974.1% from inception in 2012 through November 2023, nearly tripling the S&P 500’s +340.1%.



Read more: The Zacks Analyst Blog Highlights Riot Platforms, Marathon Digital, NVIDIA, Meta Platforms and CrowdStrike