CSTE - MoneyShow's Best Investment Ideas For 2024: Part 2

2024-01-26 17:30:00 ET

Summary

• MoneyShow presents top investment ideas for 2024 from their contributors.
• This year’s edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
• Part 2 of this series includes Arista Networks, Baxter International, BlackRock, Brookfield Infrastructure Partners, and BYD Co., among others.

MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 1 here .

Arista Networks

By James Kelleher, Senior Analyst at Argus Research

Arista Networks ( ANET ), our top pick in Technology-Communications Networks, is a leading supplier of cloud networking solutions for Internet companies, cloud service providers, and next-generation data centers.

After 100%-plus growth in cloud titan spending in 2022, Arista initially expected this category to slow in 2023. The arrival of generative AIs such as ChatGPT and Bard, however, has led to accelerating growth in cloud-based data center networking in support of large language models (LLMs).

As the leader in enterprise and data center cloud networking, Arista is uniquely positioned to benefit from this unfolding opportunity. Having navigated the supply chain crisis, Arista is now successfully managing through macroeconomic weakness, customer caution, cost inflation, and lingering supply issues....

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