10 Stocks to Buy in 2024 according to Wall Street Pros | Summary and Q&A

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December 26, 2023
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Let's Talk Money! with Joseph Hogue, CFA
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10 Stocks to Buy in 2024 according to Wall Street Pros

TL;DR

Wall Street analysts predict 11% earnings growth for the S&P 500 in 2024, with healthcare expected to have the highest growth.

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Questions & Answers

Q: What is the predicted earnings growth for the S&P 500 in 2024?

Analysts predict 11% earnings growth for the S&P 500 in 2024, indicating positive prospects for the stock market.

Q: Which sector is expected to have the highest earnings growth in 2024?

Healthcare is projected to have the highest earnings growth at 17.8% in 2024, presenting a potentially lucrative investment opportunity.

Q: Which sectors are recommended for investment?

Analysts recommend investing in healthcare, communication services, technology, and consumer discretionary sectors for potential returns.

Q: What is the current valuation of the S&P 500?

The S&P 500 trades at about 23 times the earnings reported over the last 12 months, which is considered on the expensive side.

Summary & Key Takeaways

  • The S&P 500 is up over 23% for the year, indicating a stock rally.

  • Analysts expect 11% earnings growth for the S&P 500 in 2024, with healthcare projected to have the highest growth at 17.8%.

  • Analysts recommend investing in healthcare, communication services, technology, and consumer discretionary sectors for potential returns.

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