Bill Ackman's top stocks in 2024 are Chipotle, Alphabet, and Hilton, with potential for growth.

From Nasdaq: 2024-07-04 05:46:00

Bill Ackman, worth over $9 billion, has all assets in just eight stocks, two of which are different shares of the same company. Chipotle Mexican Grill is his top-performing stock of 2024, up 34% due to revenue growth and a 50-for-1 stock split in March. Alphabet ranks second with shares rising 31%.

Hilton Worldwide Holdings is Ackman’s third top stock, surging 18% year to date. Chipotle’s high forward P/E ratio of 56.8 and Hilton’s 30.3 signal inflated valuations, but Alphabet at 24.3 forward P/E remains a solid long-term investment, driven by AI and cloud technology growth potential.

Consider investing $1,000 in Alphabet as acknowledged by The Motley Fool Stock Advisor analyst team, who identified 10 top stocks, excluding Alphabet. The service has outperformed the S&P 500 since 2002, offering guidance, portfolio building, and regular stock updates, potentially yielding significant returns for investors.



Read more at Nasdaq: Billionaire Bill Ackman’s Best-Performing Stocks of 2024 So Far: Are They Still Buys?