10 best performing stocks to buy for Q4 2024
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10/1077% of retail CFD accounts lose money.
While there is no perfect metric to predict the potential return-on-investment (ROI) of a stock purchase, the best-performing stocks can be defined as those with the biggest percentage gains over a specified period of time. We have identified the best-performing stocks to trade in 2024.
What are the top performing stocks to buy?
Copy link to sectionWe have identified these 10 best-performing stocks to trade in 2024:
| # | Stock symbol | Company name | Trade now |
|---|---|---|---|
| 1 | NFLX | Netflix | Trade NFLX 77% of retail CFD accounts lose money. |
| 2 | TSLA | Tesla | Trade TSLA 77% of retail CFD accounts lose money. |
| 3 | AAPL | Apple | Trade AAPL 77% of retail CFD accounts lose money. |
| 4 | AMZN | Amazon | Trade AMZN 77% of retail CFD accounts lose money. |
| 5 | NVAX | Novavax | Trade NVAX 77% of retail CFD accounts lose money. |
| 6 | PYPL | PayPal Holdings | Trade PYPL 77% of retail CFD accounts lose money. |
| 7 | NIO | Nio | Trade NIO 77% of retail CFD accounts lose money. |
| 8 | NVDA | Nvidia | Trade NVDA 77% of retail CFD accounts lose money. |
| 9 | BA | Boeing | Trade BA 77% of retail CFD accounts lose money. |
| 10 | AMD | Advanced Micro Devices | Trade AMD 77% of retail CFD accounts lose money. |
1. Netflix (NFLX)
Copy link to sectionNetflix is one of the most popular streaming platforms for both movies and series. It recorded significant growth as the pandemic forced many people across the globe to stay at home. This company has a market capitalization estimated to be around $247.61 billion at the time of writing. The downside is that this stock is volatile for beginners to invest in, and is fairly expensive.
77% of retail CFD accounts lose money.
2. Tesla (TSLA)
Copy link to sectionTesla was one of the biggest gainers in 2020, rising by almost 743%. The electric vehicle company, which was founded by Elon Musk, became a cult stock among those looking to enter the market for the first time. Many day traders trade Tesla to benefit from the volatile share price. Since 2019, the stock jumped from $60 to $800 per share, cementing its place as one of the best-performing companies in the stock market.
77% of retail CFD accounts lose money.
3. Apple (AAPL)
Copy link to sectionApple has a huge market cap, and many still believe there are further gains to be made despite this company’s status as one of the world’s largest publicly traded companies. Apple was the first company to hit a $2 trillion valuation, and many expect it could go to a $3 trillion valuation if the company decides to support cryptocurrencies.
77% of retail CFD accounts lose money.
4. Amazon (AMZN)
Copy link to sectionAmazon provides a global marketplace and its market capitalisation is just behind Apple’s. Trading Amazon is not for the faint-hearted due to its high and volatile share price that can result in large gains or losses in a short space of time. But we can still consider it to be one of the best-performing stocks of all time due to its long-term growth trajectory.
77% of retail CFD accounts lose money.
5. Novavax (NVAX)
Copy link to sectionPharma company Novavax is one of the competitors in the COVID-19 vaccine race, so it’s no surprise that it was one of the best-performing stocks of 2020. Investors could see yet more growth, but beware that the share price has become volatile in 2021.
77% of retail CFD accounts lose money.
6. PayPal Holdings (NASDAQ: PYPL)
Copy link to sectionPayPal Holdings is a worldwide digital payments platform for fast, secure online transactions between merchants, consumers, and peers. PayPal boasts over 430 million active user accounts across more than 200 markets globally. The company has grown massively in recent years, with revenues climbing from $15.5 billion in 2018 to $27.5 billion in 2022. For investors looking to add a top performer in financial technology, PayPal stands out.
77% of retail CFD accounts lose money.
7. NIO Inc. (NYSE: NIO)
Copy link to sectionAutomaker NIO Inc designs and manufactures smart electric vehicles for the Chinese market. Since its founding in 2014, it has emerged as a leader in China’s rapidly growing EV space. In 2022, it delivered over 122,000 vehicles, nearly double the previous year. While still unprofitable, NIO stock offers exposure to the disruptive transition toward electric and autonomous vehicles in the world’s largest auto market. For investors bullish on future mobility, NIO warrants consideration among top-performing stocks.
77% of retail CFD accounts lose money.
8. Nvidia (NASDAQ: NVIDA)
Copy link to sectionNVIDIA Corporation is a computing company and world leader in graphics processing units (GPUs). NVIDIA’s gaming chips power fast, high-quality experiences on platforms from PCs to cloud gaming services. The company also provides data center infrastructure, autonomous vehicles, and A.I. platforms. NVIDIA produces over $26 billion in annual revenue with 75% gross margins. Its leading graphics and A.I. tech should drive growth for years. Despite economic uncertainty, NVIDIA’s dominance in key long-term trends makes it one of the best performing stocks in 2024.
77% of retail CFD accounts lose money.
9. The Boeing Company (NYSE: BA)
Copy link to sectionBoeing is one of the world’s largest aerospace and defense firms. It manufactures commercial aircraft, satellites, weapons, and defense systems. After navigating serious 737 MAX safety issues in recent years, Boeing is working to improve operational performance as air travel recovers from COVID slowdowns. The company generates over $60 billion in annual revenue. New aircraft programs, defense contracts, services growth, and recovering commercial demand provide optimism.
77% of retail CFD accounts lose money.
10. Advanced Micro Devices (NASDAQ: AMD)
Copy link to sectionGlobal semiconductor company, Advanced Micro Devices specialises in central processing units (CPUs) and graphics processors for computing and gaming. AMD has gained market share against industry leader Intel with its Ryzen and EPYC processors. Revenue grew 60% in 2022 to $23.6 billion on strong data centre chip demand. With its manufacturing and product execution improving, many view AMD as a top stock. The company is positioned to continue taking market share with its advanced processor technologies.
77% of retail CFD accounts lose money.
Where to buy the best performing shares
Copy link to sectionBuying or selling an asset can be done via an exchange, but you’ll use a broker to facilitate the process, most likely an online broker. Since choosing the best broker is important, we’ve shortlisted some of them for you.
77% of retail CFD accounts lose money.
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.
What does a performing stock mean?
Copy link to sectionA performing stock is a publicly traded company’s shares that consistently appreciate in price over a certain period of time, generating positive returns for investors. Performing stocks tend to come from companies that exhibit strong financials, competitive advantages in their industry, innovation, and overall execution that drives revenue, earnings, and market share growth.
A wide range of factors can make a stock a top performer. This includes visionary leadership, disruptive products or services, expansion into new markets, and benefiting from certain macroeconomic tailwinds.
Stocks across all sectors and market caps have the potential to be high performers under the right conditions. Even the pros on Wall Street can find it challenging to predict which stocks will deliver market-beating returns.
Investors aiming to identify and invest in performing stocks can research company fundamentals, growth opportunities, and technical analysis to make informed investment decisions. Adding exposure to performing stocks through individual stocks or exchange traded funds can potentially enhance overall portfolio returns.
The S&P 500 index fund provides a broad basket of stocks, including some of the biggest performers like Apple, Microsoft and Google.
What Are the Trading Hours for Best Performing Stocks?
Copy link to sectionTrading hours may vary depending on the opening and closing hours of the exchange. The NYSE and Nasdaq timings are 9:30 am to 4 pm Eastern time on weekdays. Generally, there is a lot of volatility in the early hours (when the markets open) because institutions and traders move to take new positions and sell off the current ones.
It used to be only possible to trade stocks by visiting the exchange or calling a broker, but nowadays you can trade stocks online from the comfort of your home, still subject to the same market hours.
How to Trade and Invest in Performing Shares?
Copy link to section1. Open a Trading Account
Copy link to sectionBefore you begin to invest in stocks, you are going to need to open a trading account on your selected brokerage platform. This is a relatively simple process, taking only a few minutes to select a username, select a password and provide a contact email or telephone number. After this, you will need to provide some identification such as a valid passport or driving license to verify your account.
2. Choose your Favourite Performing Stocks
Copy link to sectionOnce you have your trading account fully activated, you can add funds using a debit or credit card. These deposits rarely have fees attached, but it is always worth checking to make sure when you select which broker you plan to use. Once this is done, you can navigate to the stocks trading page and select the stocks of your choice.
3. Place Your Trade
Copy link to sectionFinally, If you are a beginner, it is worth making use of the demo account before committing to any actual trades. These practice areas allow you to get a feel for the platform, and get comfortable with the trading mechanisms and available features. You can start purchasing stocks in a live account once you feel comfortable.
Are performing shares a good investment?
Copy link to sectionIt would be wise not to “buy the hype” of these stocks because many novice investors make the mistake of buying high only to see the share price fall. You should research the company’s earnings and other fundamental figures rather than getting distracted by what others have to say. Put simply, trust your own research.
There is a saying in the stock markets, which is “the trend is your friend”. This means that a rising stock is more likely to keep rising than to reverse its course, and it’s a brave contrarian who bets against a best-performing stock. Just don’t take this as an indication of surefire success, since even the best-performing stocks can fall from grace. Buy in with manageable amounts of money, and diversify across several stocks.
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FAQs
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