11 Best Stocks to Buy Now Q2 2024

This guide picks out the best companies to put your money in this year. Find out what makes a great stock and get our expert picks for the top 11 to invest in.
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Updated: Jun 5, 2024
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This page picks out the best companies to put your money in this year. Find out what makes a sought-after stock and learn why these businesses are the best around. Here you can choose between the best stocks to buy now or dive deeper into a range of different industries, to find the leading companies in fields from technology to pharmaceuticals.

What are the best stocks to buy now – June 2024

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Our expert picks for which companies to invest in now are in the table below. Our stock market analysts have used a combination of recent market performance, revenue growth, and other metrics to pick these companies.

Follow the links to find the most up to date price information for each one, or read on to learn more about why they were chosen.

#Stock tickerCompany nameLearn more
1PLTRPalantir TechnologiesLearn more
2TSLATeslaLearn more
3TSMTaiwan Semiconductor ManufacturingLearn more
4AAPLAppleLearn more
5AMZNAmazonLearn more
6ETSYEtsyLearn more
7PYPLPayPalLearn more
8MSFTMicrosoftLearn more
9DISThe Walt Disney CompanyLearn more
10BLKBlackRockLearn more
11CVXChevron CorporationLearn more
List chosen by our team of analysts, updated June 2024.

1. Palantir Technologies (NYSE: PLTR)

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Top spot on our list of the best stocks to buy now goes to Palantir Technologies. The software company specialising in big data analysis counts government agencies, healthcare organisations, and financial institutions as clients. Palantir’s platform helps businesses integrate siloed data and uncover insights.

The pandemic created heightened demand for its services, and in 2022, the company grew revenue by 22% to $1.9 billion, although its stock price declined 65%, dropping lower than its IPO price. However, things have started to turn for PLTR stock, thanks partly to the broader market bullish momentum and advances in AI technology.

Palantir Technologies operates in a fast-growing industry, and if it can onboard new partners and clients, it looks attractively priced for long-term growth. It’s also caught the eye of several Wall Street analysts, with some PLTR price predictions expecting a $45 share price in the next five years.

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2. Tesla (NASDAQ: TSLA)

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The electric vehicle manufacturer, Tesla, earns top spot on our list. Founded in 2003 by a group that included Elon Musk, the South African billionaire who still runs the company today, Tesla has been at the forefront of all sorts of revolutionary projects based on clean energy.

Tesla has been a well-known, popular company for many years on Wall Street but it’s only in the last couple that its stock price has begun to reflect that. The company’s value increased by over 700% in 2020 as it ramped up production capability all over the world. Now, it’s a leading provider of EV’s and it’s able to produce cars at a rate that matches up to its CEO’s bold claims.

Tesla’s future is all about continuing to increase that capability and to churn out as many vehicles as possible. With more government initiatives aimed at reducing the automotive industry’s reliance on diesel and petrol, there is a huge opportunity for electricity to fill the void. Tesla is by far the leader in that space already and has significant cash on hand to fuel its future.

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3. Taiwan Semiconductor Manufacturing Company (NYSE: TSM)

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Next up on our best stocks to buy or watch in June 2024 list is the Taiwan Semiconductor Manufacturing company. It is the world’s largest chip maker and manufactures semiconductors for companies including Apple, AMD, Qualcomm, and Nvidia.

The global chip shortage in 2021 – 2022 was a boost for the company, which increased revenue by over 30% to $72 billion. 2024 looks set to be another good year for the business, and it is investing heavily to expand manufacturing capacity to meet surging demand.

This demand largely comes from advances in smartphones, EVs, artificial intelligence, and high-performance computing. If the AI industry in particular, takes off like many expect, TSM is well placed to benefit. Investors wanting exposure to a stable company in the growing semiconductor space should consider TSM as one of the best stocks to buy now as an addition to a diversified portfolio.

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4. Apple (NASDAQ: AAPL)

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Apple needs little introduction as it’s one of the largest publicly traded companies in the world. Most famous for its smartphones, tablets, and Mac computers, it’s the biggest technology company in the world. Since early 2021 it has been the most valuable business on the planet as well.

The Apple stock price has been on an upward trajectory almost ever since the launch of the first iPhone in 2007. What makes the company stand out is that it has never rested on its laurels, instead choosing to constantly innovate and develop new technology. Where some of its early competitors have fallen by the wayside, Apple keeps growing: it has tripled in value since 2019 and is a cash generative business.

That emphasis on constant improvement is the main reason that you should trust the company to keep rewarding its shareholders with growth. It has proven itself able to adapt to changing circumstances and to maintain its place at the top of the technology field. Apple is one of the world’s best growth stocks, value stock, and best stocks to buy in 2024.

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5. Amazon (NASDAQ: AMZN)

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With its dominance in e-commerce and cloud computing, Amazon has emerged as one of the best stocks for investors seeking long-term growth. The company has delivered exceptional revenue growth over the past few years, with new business lines fueling expansion. Amazon Web Services, in particular, now accounts for the bulk of net income. This cloud segment has become a cash cow that enables Amazon to disrupt other industries.

Amazon has proven recession resistant during recessions due to its essential e-commerce and web services offerings. The company continues to enhance Prime member benefits and integrate Whole Foods while making smart new acquisitions. Amazon’s scale allows cost advantages and innovative technologies that competitors struggle to match. These other factors suggest Amazon still has room to run.

Amazon offers an attractive mix of stability and growth potential for buy and hold investors. The stock may seem expensive on a P/E basis, but Amazon reinvests profits to drive long term gains. Even the pros cannot reliably predict Amazon’s next pivot. With its clear track record of innovation and customer focus, Amazon seems primed to deliver market-beating total returns for the year ahead.

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6. Etsy (NASDAQ: ETSY)

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Online marketplace Etsy connects small businesses with buyers around the world. The company operates a platform that lets anyone sell unique, handmade, or vintage goods quickly and easily. Nearly 8 million users sold goods through the Etsy platform in 2022 to over 96 million active buyers.

With impressive user numbers, Etsy’s small commission on each sale resulted in $2.5 billion in revenue. The flexible e-commerce model attracted millions of new buyers and sellers during the pandemic. However, the stock’s price has fallen over 70% since 2021 to pre pandemic levels.

2024 could be the year the e-commerce brand share price once again turns. While high inflation and recession fears have lowered discretionary consumer spending, Etsy’s niche focus and personalisation capabilities have helped the company attract new users and build community loyalty.

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7. PayPal (NASDAQ: PYPL)

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PayPal Holdings offers a global digital payments platform allowing for fast and secure online transactions between merchants, consumers, and other PayPal account holders. With 430 million active users worldwide, PayPal has grown its market share to become a leader in online payments.

PayPal’s share price has endured fast moves in recent years. As the Coronavirus pandemic hit, its stock rallied nearly 300% in just a short few months. Since then, it has been a different story, and its shares in 2024 reached levels not seen since 2017.

While facing near-term headwinds, PayPal has been working to improve user engagement and loyalty. It recently started offering high-yield savings, the ability to pay bills, discounts, and a buy now pay later service. It has also recently announced it is pursuing partnerships with major platforms like Instagram and X (Twitter), in addition to its cryptocurrency trading platform. If all goes to plan, PYPL could be one of the best stocks to buy now.

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8. Microsoft (NASDAQ: MSFT)

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Formed in 1975 by Bill Gates and Paul Allen, Microsoft is one of the bedrocks of the computing industry. Products such as the Windows operating system, Microsoft Office, and Internet Explorer are all household names as they helped introduce a personal computer into homes all over the world.

One of the technological old guards, Microsoft, has had two lives on the stock market. The first in the lead up to the dot com crash at the turn of the century and the second since. Its resurgence in recent times has taken its stock price well beyond the highs of the late 1990s, and it’s come on the back of a move towards cloud computing and data services.

The new Microsoft relies heavily on the cloud for its success. It’s in a unique position to offer hybrid solutions that combine the best of physical hardware with cloud servers, an area which saw major growth throughout the pandemic. Like Apple, Microsoft has been one of the top three most valuable companies in the world for a long time and there are no signs of that changing soon.

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9. The Walt Disney Company (NYSE: DIS)

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Walt Disney Co. is a top stock for long term investors due to its world-renowned brands and promising growth initiatives. Disney’s crown jewel include ESPN, the Disney film studio, and theme parks. With the Star Wars and Marvel franchises fueling movie profits, Disney’s studio led the industry in U.S. box office revenue last year.

Disney’s pivot into streaming looks promising as well. The Disney+ platform has already surpassed expectations, reaching almost 160 million subscribers. Disney+ and Hulu now represent the company’s future as cost cutting accelerates. The company expects seeing a solid rebound in park attendance post-pandemic. Earnings per share topped analyst estimates in the recent quarter.

For investors, Disney offers a unique mix of value and growth. The stock trades at a reasonable forward P/E below 20 and pays a dividend. New Marvel and Star Wars content will continue driving studio profits, while parks and streaming present strong avenues for expansion. Given Disney’s brand equity, creative capabilities, and long term outlook, this entertainment giant remains a clear stock to buy and hold.

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10. BlackRock (NYSE: BLK)

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BlackRock is the largest asset management company in the world and oversees $10 trillion in assets. The investment banking company provides various products, including exchange-traded funds, managed accounts, hedge funds, and more.

BlackRock has been a top-performing stock recently, which looks set to continue. It benefits from its established brand name to generate strong cash flows across market cycles. Recent rising interest rates and market volatility have strengthened its position.

In 2022, the company announced a 7% growth in assets under management to a record $10.3 trillion. BlackRock is also awaiting regulatory approval to launch a Bitcoin exchange-traded fund, the first crypto ETF in the U.S.

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11. Chevron Corp (NYSE: CVX)

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Oil and Gas company Chevron Corp is one of the world’s largest and is involved in exploration, production, refining, and petrochemicals. With operations spanning several continents, Chevron is highly profitable while generating strong cash flows across its business cycles.

The energy giant recently announced quarterly earnings per share jumped over 70% thanks to a surge in oil and natural gas prices. With energy demand projected to continue rising, Chevron Corp looks like an attractive stock to buy now in June 2024.

The current share price offers an opportunity to gain exposure to a leading integrated energy producer with diversified assets capable of delivering profits even in turbulent markets. It also offers a 3% dividend yield, making it a good option if you’re seeking income from your investments.

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Where to buy the best shares

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To buy shares in any of these high quality companies, you need to sign up for a reliable stock broker. The platforms in the table below are the best options around and make it easy to create an account to start stock trading.

Either choose a shares investment platform by clicking the links to sign up right away, or use our comparison of the best stock brokers to decide which suits you best.

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1
Min. Deposit
0 €
Best offer
User Score
9.9
TastyTrade allows you to buy and sell U.S. stocks without paying any commission fees.
Whether you’re a short-term trader or a long-term investor, TastyTrade accommodates various investment horizons.
Explore over 8,000 U.S. stocks and consider exchange-traded funds (ETFs) for broader exposure to the market.
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:
2
Min. Deposit
100 €
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
0 €
Best offer
User Score
9.9
Allows commission-free trading of individual stocks and over 2,000 ETFs.
TradeStation’s platform supports options, futures, and futures options trading.
Traders benefit from award-winning software with advanced analysis capabilities and customization options.
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:

What are the best stocks?

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Stocks represent ownership shares in a company. Investors earn a claim on company assets and earnings by purchasing stocks or equity. When a company performs well, the stock price generally rises. Stocks with strong revenue growth, dominant market share, and a proven track record tend to deliver better returns.

Some investors focus on value stocks with solid fundamentals trading below perceived value. Others seek out growth stocks poised for expansion. You can invest in stocks directly or through index funds for instant diversification.

Picking winning stocks requires research on the company’s financials, industry dynamics, and future outlook. Factors like free cash flow, price targets, competitive advantages, and management also influence stock performance. During economic downturns and periods of rising interest rates, recession proof stocks with consistent revenue and earnings per share tend to hold up better.

Past performance does not guarantee future results. Even seasoned investors cannot predict market swings. While stocks carry risks, they historically deliver strong total returns over long periods. For passive income and wealth management, quality stocks, low cost index funds, or exchange traded funds are generally better options for retail investors.

Search for best stocks by industry, type, and size

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The companies on the list above are some of the biggest and best in the world. They are an excellent choice for any investor, but they aren’t the only options.

You might want to include stocks from specific industries in your portfolio, put your money in a few different types of stock, or invest in some up and coming companies as well. The links below pick out the best stocks to suit all of those different needs.

Best 3D printing stocks 2024 Best 5G stocks 2024 Best aerospace stocks 2024 Best airline stocks 2024 Best artificial intelligence stocks 2024 Best automotive stocks 2024 Best bank stocks 2024 Best battery stocks to buy 2024 Best beer stocks 2024 Best biotech stocks 2024

Should I invest in the stock market?

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You should if you want a reliable way to grow your wealth over time. The stock market has routinely outperformed savings accounts and other forms of investing if you’re prepared to lock up your money for many years.

The stocks on this page are your route to owning some of the biggest and best companies in the world. However, there are all sorts of different ways to invest and you should take time to decide on a strategy that suits your budget and goals.

Whatever you decide to put your money into, an important part of being successful is finding a reliable broker and monitoring the latest news so that you’re in tune with any developments that affect the companies you own. You can do so using the links below.

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Latest stock market news

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Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%.  Riot now owns over 59 million Bitfarms shares Riot Platforms loaded up on 1.43 million shares of Bitfarms on Thursday. In total, it now owns 59.2 milli
Long CCJ: strong continuation pattern at trendline confirms bullish bias
In the session of June 12th we witnessed the third retest of the bullish trendline, which has been underway since mid-March. The price action remains faithful to the trend we are observing, spoiled by an excellent midpoint gap reversal which could soon project prices to $55. Shall the prices failed
MicroStrategy increases debt offering by 40% to $700 M to purchase more Bitcoin
American software technology firm MicroStrategy has announced the pricing of a new $700 million debt offering due in 2032. The company plans to use the proceeds from this offering to purchase more Bitcoin, continuing its aggressive strategy to add the cryptocurrency to its corporate treasury. Detail
Long PDD: $150 break in sight
PDD Holdings is holding strong at the previous year close after having rejected the highs at 150$ at the end of May. The last couple of sessions showed an outside day occurring off the 2023 close at 146$. Today the prices pulled back a bit on overall market weakness, offering a good entry opportunit
Tesla's incorporation move to Texas sparks legal battles amid shareholder unrest
Elon Musk pushed for the incorporation change after a judge in Delaware voided his $56 billion compensation package. In response to the ruling, Musk advised, I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters. The relocation is seen as a strategic move to benef
Here's why Boeing (BA) and Airbus (AIR) shares are falling
Shares of Boeing (NYSE: BA) and Airbus (EPA: AIR) have been under pressure recently due to a combination of poor sales performance and increasing scrutiny over safety and manufacturing practices. Boeing, in particular, has faced significant challenges, receiving orders for only four new planes in Ma



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Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.