Nasdaq Poised for Gains in 2024, Stocks Like Monster and Shopify Offer Potential Despite Missing Top 10 List
-
Nasdaq Composite historically rises 19% per year on average following recovery years like 2023, signaling potential for a bull market in 2024.
-
Monster Beverage is an established energy drink company that has split its stock multiple times and recently expanded into alcoholic beverages, presenting further growth opportunities.
-
Shopify operates an e-commerce platform that faced pandemic headwinds but has rebounded with higher revenue and margins, justifying its high valuation.
-
Both Monster and Shopify stocks have enormous long-term return potential in 2024 and beyond due to their strong brands, though Monster may be the safer bet.
-
While the Motley Fool didn't include Monster or Shopify in its top 10 stocks to buy now, it notes investors could still see monster returns from these companies.