Top-performing stocks of 2024 include CRPT, NVIDIA, Interactive Brokers, Mastercard, and Iris Energy
From Nasdaq: 2024-12-24 07:54:00
Zacks.com highlighted the top-performing stocks of 2024, with the First Trust SkyBridge Crypto Industry and Digital Economy ETF soaring 96.1%. Stocks like NVIDIA Corp., Interactive Brokers Group Inc., Mastercard Inc., and Iris Energy have seen significant gains, fueled by Bitcoin’s record-breaking surge to $108,000 and growing institutional demand. The cryptocurrency market is experiencing optimism as governments and institutions embrace blockchain technology, paving the way for broader adoption and investment in digital assets.
President-elect Donald Trump’s pro-crypto policies have led to a friendlier U.S. regulatory environment for cryptocurrency, with plans to make the U.S. the “crypto capital of the planet.” Other countries like China, Brazil, and Russia are also adopting more favorable stances towards digital assets, with analysts predicting Bitcoin to reach $150,000 by 2025. The approval of U.S.-listed Bitcoin ETFs in January played a significant role in Bitcoin’s rise, signaling growing confidence in mainstream adoption.
The First Trust SkyBridge Crypto Industry and Digital Economy ETF provides exposure to companies driving cryptocurrency and digital economy-related innovation. With 31 stocks in its basket and an 85 bps fee, the ETF has amassed $103 million in assets and trades an average daily volume of 92,000 shares. Top-performing stocks like NVIDIA, Interactive Brokers, Mastercard, and Iris Energy have seen significant gains, reflecting the growing interest and investment in the crypto industry.
Zacks Investment Research highlighted five potential home run stocks for 2024, with the opportunity to gain +100% or more. These picks, flying under Wall Street radar, present a unique chance to get in on the ground floor. Stocks like Mastercard Incorporated (MA), Interactive Brokers Group, Inc. (IBKR), NVIDIA Corporation (NVDA), and IREN Limited (IREN) have shown strong performance and growth potential. Investors can access free stock analysis reports for these companies through Zacks.
Read more at Nasdaq: The Zacks Analyst Blog Highlights CRPT, NVIDIA, Interactive Brokers, Mastercard and Iris Energy