2 Unstoppable Stocks That Could Join the $1 Trillion Club
The U.S. economy has proven exceptionally resilient in 2023, despite being plagued by inflationary and recessionary pressures. The U.S. equity market has also picked up the pace, with the bull rally continuing throughout July and early August. While a better-than-expected mid-year earnings season has definitely helped, the real reason for this current rally may be investors' increasing confidence in the Federal Reserve's ability to tame inflation without causing a deep recession.
In such a bullish environment, it makes sense for retail investors to pick up positions in strong and growing businesses such as Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA). Both companies were part of the $1 trillion market cap club in 2021 but suffered dramatically during 2022's brutal stock sell-off.
Here's why I believe these two stocks can rejoin the $1 trillion club again in the coming years.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 25.43% for Tesla Inc compared to the current price of 196.92 €.
