RKLB - 2 Growth Stocks With Massive Potential I'm Watching As 2024 Begins
2024-01-02 06:22:00 ET
The stock market had an excellent year in 2023, with the S&P 500 producing total returns of about 26% for the year and the tech-heavy Nasdaq rising by about 54%. And as a result, many stocks that looked rather cheap at the beginning of last year have started to look a little expensive.
However, there are some companies that still look like excellent long-term opportunities for patient investors. As we head into 2024, two in particular that I'm looking at potentially adding to my portfolio are unique items marketplace Etsy (NASDAQ: ETSY) and space services company Rocket Lab USA (NASDAQ: RKLB) . Here's why I think 2024 could be an excellent year for both, and why both could be home runs for long-term investors.
Etsy was one of the biggest beneficiaries of the COVID-19 pandemic, as the surge in online shopping and the growing desire for unique items (especially face masks) caused millions to flock to Etsy's platform.
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2 Growth Stocks With Massive Potential I'm Watching As 2024 Begins