2 Red-Hot Growth Stocks to Buy in 2024
The U.S. stock market seems to have heaved a sigh of relief after the Federal Reserve kept the benchmark interest rate unchanged in its latest policy meeting. Further, on the back of a faster-than-anticipated drop in inflation, the central bank seems to be planning for an interest rate cut of 75 basis points in 2024. The U.S. economy also seems to have missed the bullet of a severe recession and is on a moderate growth path in the fourth quarter, driven mainly by a rebound in retail sales and a strong labor market.
All this bodes well for the overall investor sentiment on the stock market. With the high possibility of a continued bull rally in the coming months, here's why Palantir (NYSE: PLTR) and Meta Platforms (NASDAQ: META) can prove to be attractive picks for retail investors in 2024.
Shares of data analytics company Palantir soared by almost 176% so far in 2023. These gains are impressive, especially since the stock has seen a significant pullback in recent times, partly driven by a bearish analyst report from William Blair.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 8 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 4.52% compared to the current price of 478.4 € for Meta Platforms Inc..
