SNOW - 3 Magnificent Growth Stocks to Buy Right Now and Hold in 2024 and Beyond
2023-12-26 07:45:00 ET
The stock market has enjoyed an impressive 2023 with the benchmark S&P 500 index up by 22%. While some analysts are now expecting a correction, any pullback may prove to be a buy-on-the-dip opportunity for bargain hunters.
Even though it's quite difficult to time the market with any certainty, investors can benefit in the long run by buying high-quality growth stocks riding robust secular tailwinds. Here's why Snowflake (NYSE: SNOW) , Salesforce (NYSE: CRM) , and ServiceNow (NYSE: NOW) fit the bill and can be attractive picks to buy now and hold in 2024 and beyond.
Cloud-native data platform Snowflake helps organizations organize, store, and analyze huge mounds of structured and unstructured data gathered across multiple formats, sources, and systems. Shares of this company have already surged by nearly 40% in 2023. However, there are still many factors that can propel the stock higher in the coming months.
For further details see:
3 Magnificent Growth Stocks to Buy Right Now and Hold in 2024 and Beyond