2 Potentially Explosive Stocks to Buy in January
The broader market has had a relatively uneventful start to 2024, with the S&P 500 Index up by a modest 0.5% over the first two weeks of January. But with the latest earnings season beginning to ramp up as we speak, astute investors are positioning themselves for potentially explosive moves from their favorite individual stocks.
To that end, here are two potentially explosive stocks I think are worth buying in January.
Shares of robotic process automation (RPA) specialist UiPath (NYSE: PATH) rallied 96% in 2023, most recently fueled by the release of its exceptional fiscal third-quarter report in late November. But keeping in mind its relentless focus on operational efficiency, as well as the fact the leading AI stock remains more than 70% below its 2021 post-IPO highs, I think UiPath could be just getting started.
Source Fool.com
