PDD - 2 Unstoppable Growth Stocks to Buy in 2024
2023-12-20 09:30:00 ET
Growth stocks have done well this year, but heading into 2024, many of them could start to lose steam, especially amid rising valuations. Yet, some businesses still look poised for much more growth in the years ahead, and are likely to continue rising in value next year, regardless of their high prices tags.
Two stocks that look unstoppable heading into 2024 are Eli Lilly (NYSE: LLY) and PDD Holdings (NASDAQ: PDD) . Here's why these stocks have been soaring -- and why they could still perform well in the new year.
Eli Lilly has been one of the hottest healthcare stocks to own this year as its shares are up over 56% since January. The big catalyst behind the company's success is Zepbound (tirzepatide), which regulators approved last month as a treatment for chronic weight management. In clinical trials, it has shown that it can help people lose close to 27% of their body weight over a period of 84 weeks.
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2 Unstoppable Growth Stocks to Buy in 2024