In this video today Brian takes a look at the long-term approach. He is highlighted three stocks that are all in the tech space and each has done pretty well this year. The question is, should you make them part of your portfolio for next year?
First up is Tesla TSLA which is a Zacks Rank #1 (Strong Buy). The company sports a market capitalization of more than $1.1 trillion dollars and is constantly in the news. The production ramp up for the Cybertruck and down the road the robo-taxi are certainly events that will keep the company in the news.
Next up if Fortinet FTNT which is also a Zacks Rank #1 (Strong Buy). This company is in the cyber security space and while we haven’t heard a lot about and recent hackings, we know it is just a matter of time. The hackers are not going to stop and that means the companies will always have a need for the services of this company.
Finally we look at Vertiv VRT and of course it is also a Zacks Rank #1 (Strong Buy). This company is benefiting from the big push to AI as they are in the data center space. AI needs a lot of data to be as accurate as possible so the need for larger and faster data centers is still a big topic in that realm.
Brian takes a quick look at those three stocks and then asks if they are going to be good stocks in 2025.
Most long term investors understand that patience is critical to success. With stocks seeing heavy volatility we are often put in a position of questioning whether or not to take the gain that is on the books or let it ride for more.
Investors that choose a good entry point usually don't need to worry about near term volatility. Many times they will look for a discernible bottom in a stock price to choose that entry point. The problem is that entry point isn't going to feel so good if the whole market is headed lower. That requires a lot of intestinal fortitude.
One option is to make a fresh start at the beginning of the year, and if you choose to do that we have just the service for you. Zacks Top 10 Stocks is a list curated by our Director of Research Sheraz Mian.
Zacks Top 10 Stocks is going to close out of the current positions at the end of the year and in the video Brian highlights the fact that the portfolio had an outstanding performance this year. Of the 10 stocks on the list, only 1 is down for the year and the loss is minimal at 7%. The winners from the list include 207% from Sprouts Farmers Market SFM and Axon Enterprises AXON which was good for 167%.
The new list will be coming out on January 2 around 11 AM EST so be sure to sign up for Zacks Top 10 Stocks.
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See Stocks Now >>Tesla, Inc. (TSLA) : Free Stock Analysis Report
Fortinet, Inc. (FTNT) : Free Stock Analysis Report
Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report
Axon Enterprise, Inc (AXON) : Free Stock Analysis Report
Vertiv Holdings Co. (VRT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
