GOOGL - 2 Top Stocks That Could Make You Richer in 2024
2024-05-06 04:10:00 ET
One of the best ways to build lasting wealth in the stock market is to buy the shares of strong companies with exceptional growth prospects. To help you position yourself for a lucrative 2024, here are two superior businesses that are generating handsome returns for their investors.
The digital advertising market will top $870 billion by 2027, up from roughly $600 billion in 2023, according to Statista. Google's dominance of the internet search industry places Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) in a strong position to profit as more ad spending shifts online in the coming years.
YouTube offers Alphabet's shareowners another excellent way to gain from the growth of digital ads. With a stunning 2.7 billion users that collectively consume 1 billion hours of content on its platform every day, according to DemandSage, the massively popular video-sharing platform is an indispensable platform for digital marketers.
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2 Top Stocks That Could Make You Richer in 2024