From Nasdaq:

All three major indexes slipped into bear territory in 2022, raising the question: When will the next bull market arrive? Two things offer hope for a bull market—an uptrend following a downtrend, and history showing the Nasdaq Composite takes off in the year after a bounce from a bear market. The Nasdaq surged 43% in 2023, outperforming the S&P 500 and Dow Jones, and it gained an average of 56% in the two years following a double-digit loss. This signals a great time to invest in quality growth stocks.

Apple has a proven track record of success with soaring revenue, profit, and market value of over $2.8 trillion, thanks to its strong brand, proprietary ecosystem, and ability to expand its customer base. A key growth catalyst is its set of services, driving record revenue, thanks to the enormous base of Apple users worldwide.

Amazon has also solidified its position in two high-growth markets: e-commerce and cloud computing, with efforts to improve efficiency and support customers during tough economic times. The adoption of a regional fulfillment model and introduction of an ad-supported tier for Prime Video as well as investments in AI technology will contribute to continued growth.

By following historical patterns, both Apple and Amazon are prime targets for further gains in 2024, offering solid long-term prospects for growth and a great time for investment.



Read more: History Says the Nasdaq Will Roar Higher in 2024: 2 Surefire Growth Stocks to Buy Now