What are billionaires investing in 2024?
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the first quarter of 2024 has shown a big divergence of returns.
- Symbotic Inc. (NASDAQ:SYM) Number of Hedge Fund Holders: 24. ...
- SoFi Technologies, Inc. (NASDAQ:SOFI) Number of Hedge Fund Holders: 29. ...
- Li Auto Inc. (NASDAQ:LI) Number of Hedge Fund Holders: 31. ...
- e.l.f. Beauty, Inc. (NYSE:ELF) ...
- Palantir Technologies Inc. (NYSE:PLTR)
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the first quarter of 2024 has shown a big divergence of returns.
What brokerage firms do billionaires use? Many very wealthy individuals use the top brokerage firms, such as Fidelity, Schwab, Vanguard, and TD Ameritrade, among others. They invest in private equity and hedge funds.
The Motley Fool has positions in and recommends Etsy, Fiverr International, PayPal, StoneCo, and Zoom Video Communications. The Motley Fool recommends Alibaba Group, Upwork, and eBay and recommends the following options: short July 2024 $52.50 calls on eBay and short March 2024 $67.50 calls on PayPal.
The Motley Fool Australia has recommended CSL, Domino's Pizza Enterprises, and Lovisa.
The estimates from strategists put the median target for the S&P 500 at 5,200 by the end of 2024, implying a decline of less than 0.1% from Thursday's level, according to MarketWatch calculations. Heading into 2024, the median target was around 5,000 (see table below).
For now at least, analysts are anticipating S&P 500 earnings growth will continue to accelerate in the first half of 2024. Analysts project S&P 500 earnings will grow 3.9% year-over-year in the first quarter and another 9% in the second quarter.
Nvidia Corporation (NVDA)
NVDA is the best-performing AI stock over the past year. Earnings per share, or EPS, had a big leap higher in 2023, and analysts project strong EPS growth going forward. It has the highest forecasted 5-year EPS growth on the list.
What stock did Warren Buffett buy?
Although old-guard favorites such as American Express (AXP) and Coca-Cola (KO) still form the core of the portfolio, Buffett & Co. have taken a shine to names such as Apple (AAPL) and Amazon.com (AMZN), and even to lesser-known firms such as Snowflake (SNOW) and Nu Holdings (NU).
Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.
Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986.
Hedge funds
Billionaires have access to another investment avenue, called hedge funds, that the average person doesn't. You can invest in a variety of things through a hedge fund, including individual stocks, land, commodity futures, bonds, and currencies.
Securities
Common types of securities include bonds, stocks and funds (mutual and exchange-traded). Funds and stocks are the bread-and-butter of investment portfolios. Billionaires use these investments to ensure their money grows steadily.
From now, Schwab has two brands to manage its wealthiest clients, with their level of investible assets determining which they will be automatically enrolled into: Schwab Private Client Services for HNW ($1 million-plus of investible assets)
| Name of the Share | Book Value (₹) | YTD (%) |
|---|---|---|
| Exide Industries | 148.69 | 63.97 |
| Bajaj Hindusthan Sugar Ltd | 33.80 | 62.79 |
| South Indian Bank | 33.87 | 43.88 |
| Urja Global Ltd | 2.63 | 53.27 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Rama Steel Tubes | 13.69 |
| 2. | Brightcom Group | 14.46 |
| 3. | Easy Trip Plann. | 44.08 |
| 4. | Radhika Jeweltec | 65.99 |
| STOCK | ACTION | TRADE PRICE |
|---|---|---|
| NATCOPHARM | BUY | 958 |
| MOTHERSON | BUY | 117 |
| BSOFT | BUY | 745 |
| HINDCOPPER | BUY | 283 |
| Stock Name | Sub-sector | Market Cap (in Cr) |
|---|---|---|
| Titan Company Ltd | Textiles, Apparel & Luxury Goods | ₹3,28,263 |
| Varun Beverages Ltd | Beverages | ₹1,66,364 |
| Cholamandalam Investment and Finance Company Ltd | Financials | ₹99,434 |
| Tube Investments of India Ltd | Consumer Discretionary | ₹75,379 |
Which is the best stock for next 20 years?
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1139.20 |
| 2. | Life Insurance | 901.45 |
| 3. | Remedium Life | 111.70 |
| 4. | Tips Industries | 471.70 |
| Stock | Market Capitalization | Sector |
|---|---|---|
| Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
| Sysco Corp. (SYY) | $41 billion | Consumer staples |
| Coca-Cola Co. (KO) | $261 billion | Consumer staples |
| S&P Global Inc. (SPGI) | $134 billion | Financials |
The estimates from strategists put the median target for the S&P 500 at 5,200 by the end of 2024, implying a decline of less than 1% from Friday's level, according to MarketWatch calculations. Heading into 2024, the median target was around 5,000 (see table below).
As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.
Capital Economics chief market economist John Higgins predicts the S&P 500 can hit 6,500 by the end of 2025. This outlook is more dependent on the current AI-fueled bubble growing. For now, he maintains the bubble-like trade in the market can bring the benchmark average to 6,500 by the end of 2025.
