2 Top Stocks That Could Outperform for the Rest of 2024
The major U.S. market indexes marched steadily higher through the first half of 2024 -- the S 500, for example, has climbed 16% year to date and set new highs. But in the wake of this run-up, growth stocks are looking expensive and could be due for a pullback. Yet some still seem to have enough business momentum, especially in terms of improving margins and profitability, to push their share prices higher.
Shares of Amazon (NASDAQ: AMZN) and (NASDAQ: NFLX) are up 20% and 33%, respectively, this year, and have had amazing runs over the last decade, but it's not too late to buy them. Here's why these stocks could outperform in the second half of 2024 -- and beyond.
Amazon's business grew rapidly over the last 25 years, and the stock delivered life-changing returns for early investors who held on, but it continues to chug along. Since bottoming out in the tech bear market of 2022, the stock has more than doubled in value and recently hit a new all-time high.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 1.23% compared to the current price of 600.6 € for Netflix Inc..
