Exploring Alternative Stars: A Fresh Look at Potential Stock Performers in 2024
Stars Beyond the Nvidia Galaxy
NvidiaNVDA has undeniably shone as the S&P 500 standout so far in 2024.
While Nvidia basks in its 60% gain, others have quietly excelled in their own right, outpacing the market.
Within the S&P 500 index, ten stocks have surged over 25% this year, showcasing the prowess of top players.
Amidst this, the median S&P 500 stock has seen a modest 3% uptick, while SPDR S&P 500 ETF Trust boasts a solid 7% jump.
Chart-Topping Performers: Feb. 29, 2024
Company
YTD Return
Market Cap
NVIDIA Corporation
60.02%
$1,950.35B
Investors ponder the future growth prospects of these top performers amidst their impressive run.
One way to gauge this is by comparing current stock prices with Wall Street analysts’ one-year median targets.
Among the top 10, Uber Technologies shines with a 13.8% potential upside, followed by Catalent at 10% and Nvidia at 7%.
However, other stocks in the S&P 500 index boast even more significant potential upsides.
Here’s a summary of the substantial differences between current market prices and analysts’ forecasts.
Top Potential Performers Vs. Analyst Targets
Company
1-Year Price Target (Med) vs Current Price
Warner Bros. Discovery, Inc.
54.73%
Exploring Social Sentiments
A gauge of U.S. stock social sentiment is provided by the VanEck Social Sentiment ETFBUZZ.
This fund channels investments into companies that exhibit
Insights from BUZZ ETF HoldingsThe Buzz Around Top Stock Holdings
Amidst the vast digital landscape, insights emerge from the voices that resonate the loudest across various platforms. The BUZZ ETF, a reflection of these sentiments, unveils the top 10 holdings that have captured the hearts and minds of social users.
Embraced Companies and Their Performances
Company
Weight In BUZZ ETF
YTD Return
Coinbase Global, Inc. (COIN)
4.36%
16.00%
MicroStrategy Incorporated (MSTR)
3.42%
61.51%
Super Micro Computer, Inc. (SMCI)
3.37%
203.07%
NVIDIA Corporation
3.21%
60.06%
SoFi Technologies, Inc. (SOFI)
3.16%
-9.55%
PayPal Holdings, Inc. (PYPL)
3.09%
-1.68%
Tesla, Inc. (TSLA)
3.07%
-19.05%
Advanced Micro Devices, Inc.
3.00%
29.65%
Meta Platforms, Inc.
2.96%
38.49%
Amazon.com, Inc. (AMZN)
2.93%
15.23%
Now Read:EXCLUSIVE: Magnificent 7 Takes Center Stage In Roundhill’s Expanded ETF Lineup With Inverse And Leveraged Options
