SPOT - 2 Unstoppable Stocks Crushing the S&P 500 in 2024. Is It Too Late to Buy?
2024-02-29 06:29:00 ET
The benchmark S&P 500 (SNPINDEX: ^GSPC) index had a spectacular year in 2023, logging a gain of 26.3% (including dividends), which is more than twice its historical average going back to 1957. The index is off to a hot start in 2024, too, with a gain of more than 6% so far.
A number of individual technology stocks have raced ahead this year. For example, Netflix (NASDAQ: NFLX) is up 25% year to date, and Spotify (NYSE: SPOT) has soared 35%. Both companies recently reported financial results for 2023 that were far better than expected, and there's reason to believe that momentum will continue.
Here's why it's not too late to buy these two unstoppable stocks.
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2 Unstoppable Stocks Crushing the S&P 500 in 2024. Is It Too Late to Buy?