From Nasdaq:

The “Magnificent Seven” stocks have been the stars of 2023 but the big question is whether they will continue to lead the market in 2024. The author suggests that other stocks might be the next big thing, the “Fab Four” – Visa, CrowdStrike, Shopify, and Nvidia – and could be the ones to watch closely.

Visa has delivered a compound annual growth rate of 21%, capturing $10,000 invested at its IPO to be worth over $204,000 now. The company processed 212 billion transactions, with a total payment volume of over $12 trillion in fiscal year 2023.

CrowdStrike Holdings is one of the leading cybersecurity providers with huge demand for its products due to a significant increase in cybercrime.

Shopify’s revenue growth has averaged at 43% over the last three years and it is poised for a big 2024 after having cut costs in each of the last two years.

Nvidia is riding an unprecedented tidal wave of demand, especially as AI is taking over businesses faster than expected. The company is expected to show stellar performance in 2024, perhaps even more so than 2023.

Investors are advised to consider potential investing in the “Fab Four” stocks as compelling investment opportunities for 2024. The author of the article stated these stocks could be the next big opportunity in the market.



Read more: Forget the “Magnificent Seven”: 2024 Will Be All About the “Fab Four”. Learn About Them Here.