Stocks Poised for Steady 2024 Despite Recession Worries
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The stock market performed well in 2023 despite predictions of a recession, led by tech and growth stocks. Analysts predict 2024 will be an average year with normalized valuations.
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Stocks like Microsoft, Alphabet, AMD, Symbotic, SoFi, Li Auto, e.l.f. Beauty, Palantir, Tesla, and Apple are expected to see strong growth in 2024.
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Symbotic builds automated warehouse systems using AI. Analysts are bullish with a $53 price target.
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SoFi saw 34% revenue growth in Q4 2022 and beat estimates. The stock has upside potential in 2024.
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Palantir won an Army contract through 2026 and is rapidly gaining new customers, though monetization pace is debated.