tl;dr
Barrons published its top 10 stock list for 2024, which leans towards value. The list includes Alibaba Group Holding (NYSE:BABA), Alphabet (GOOGL), Barrick Gold (GOLD), Berkshire Hathaway (BRK.B), BioNTech (BNTX), Chevron Corporation (CVX), Hertz Global Holdings (HTZ), Madison Square Garden Sports (...
Barrons published its top 10 stock list for 2024, which leans towards value. The list includes Alibaba Group Holding (NYSE:BABA), Alphabet (GOOGL), Barrick Gold (GOLD), Berkshire Hathaway (BRK.B), BioNTech (BNTX), Chevron Corporation (CVX), Hertz Global Holdings (HTZ), Madison Square Garden Sports (MSGS), PepsiCo (PEP), and U-Haul Holding (UHAL). Here is a breakdown for each stock:
- Alibaba Group Holding (BABA) - One of the cheapest tech-oriented companies in the world. U.S.-listed shares trade for just eight times projected earnings in its current fiscal year ending in March.
- Alphabet Inc. (GOOGL) - Could be the best bet among the Magnificent Seven stocks and is expected to grow as fast as Microsoft.
- Barrick Gold (GOLD) - The company aims to boost its mine output by 30% by the end of the decade and has a virtually debt-free profile.
- Berkshire Hathaway (BRK.B) - Earnings are growing, with Berkshire's after-tax operating profits up almost 20% in 2023.
- BioNTech (BNTX) - The oncology-focused pipeline could prove more promising than some investors believe.
- Chevron Corporation (CVX) - The company trades at 10.7 times the projected 2024 earnings with yields of 4.2% and plans to raise its dividend by 8% in January.
- Hertz Global Holdings (HTZ) - The stock is cheap and an attractive option for patient investors.
- Madison Square Garden Sports (MSGS) - The company owner of the New York Knicks and Rangers could see a stock buyback, dividend payout, or an eventual sale of the entire company.
- PepsiCo (PEP) - Expects to deliver per-share earnings growth at the top of its high-single digit annual target in 2024.
- U-Haul Holding (UHAL) - Has steadily built a sizable self-storage business that could be worth $8B alone based on comparable companies.
More about Alibaba Group Holding Ltd
Alibaba Group Holding Ltd is a Chinese multinational technology company with a market capitalization of $184.54 billion. The stock is currently trading at $355.79 with a P/E ratio of 10.25 and a dividend yield of 0.569%. The company's stock performance has shown a bullish trend with a 6.87% increase in the last month. However, the Relative Strength Index (RSI) is at 125.6, indicating the stock may be overbought. The company's diverse portfolio and strong presence in e-commerce and cloud computing services bode well for its long-term growth potential. However, investors should be cautious of potential market uncertainties and risks associated with the stock's high RSI and past performance not guaranteeing future results.
More about Alphabet Inc Class A
Alphabet Inc. Class A is a technology company with a market capitalization of $1.67 trillion. The stock is currently trading at $152.27 per share, with a 52-week range of $23.34 to $25.28. The stock has shown a positive trend with a 0.46% increase in the last trading session, although it has a relatively low Relative Strength Index (RSI) of 0.11, indicating potential oversold conditions. The stock is currently trading above its 50-day moving average, suggesting a bullish sentiment in the market. However, investors should be cautious as the stock is approaching a resistance level at $25.28. Given the company's strong financial position and market sentiment, the stock has the potential for further growth, but there are uncertainties in the market that could impact future performance.
More about Barrick Gold Corp
Barrick Gold Corporation is engaged in the exploration, mining development, production, and sale of gold and copper properties. The company is headquartered in Toronto, Canada. With a market capitalization of $30,598,713,000, the stock has a current price of $581. The stock has shown a 0.4% increase in the last trading session, closing at $21.51. The company has a price-to-earnings ratio of 0.03 and a dividend yield of 0.538. The overall market sentiment for Barrick Gold Corp appears to be bullish, with a positive trend in recent trading sessions. However, there are potential risks associated with the volatility of gold and copper prices, as well as geopolitical and economic uncertainties that could affect the company's performance.
More about BioNTech SE
BioNTech SE is a biotechnology company that develops and markets immunotherapies for cancer and infectious diseases. With a market capitalization of $24.41 billion and a current stock price of $139.88, the company has shown strong growth over the past year, with a 52-week low of $19.04 and a high of $37.94. Despite this, the stock has a negative Relative Strength Index (RSI) of -0.856, indicating potential oversold conditions. The company also has a negative Bollinger Band indicator of -0.948, suggesting a bearish trend. While the company's products and market position may be promising, the current market sentiment appears cautious due to these technical indicators.
More about Chevron Corp
Key financial metrics for Chevron Corporation include a market capitalization of $282.18 billion, a price-to-earnings ratio of 11.14, a price-to-sales ratio of 5.95, and a price-to-book ratio of 13.46. The stock is currently trading at $107.56 and has a dividend yield of 0.126. The company's revenue stands at $202.70 billion with a net income of $166.16 billion. The stock has experienced a decrease of 0.398 in its earnings per share and a decrease of 0.182 in its operating margin.
Chevron Corporation operates in the energy and transportation sector, with a focus on petroleum refining. The company is involved in various aspects of the oil and natural gas industries, including exploration and production, refining, marketing, transport, chemicals manufacturing, and power generation.
Market sentiment for Chevron Corporation is currently uncertain, with potential risks and uncertainties associated with the company's financial performance. Past market behavior may not be a reliable indicator of future performance, and investors should carefully consider the implications of the analysis before making any investment decisions.
More about Hertz Global Holdings Inc
Hertz Global Holdings Inc is a car rental company with a market capitalization of $3.11 billion. The stock is currently trading at $3.734 with a 52-week low of $2.71 and a 52-week high of $28.91. The Relative Strength Index (RSI) is currently at 13.5, indicating an oversold condition. The company's market sentiment is bearish, with a negative trend of -0.309. The stock is currently trading below its 200-day moving average, indicating a bearish trend. It's important to note that past performance is not indicative of future results, and there are potential risks associated with investing in this stock.
More about Madison Square Garden Sports Corp
Madison Square Garden Sports Corp is a company in the miscellaneous amusement and recreation services sector, with a market capitalization of $4,149,660,000. The stock is currently trading at $94.74, with a 1.83% increase in the last trading session, and a Relative Strength Index (RSI) of 37.75, indicating a potential oversold condition. The stock has a 52-week high of $244.6 and a 52-week low of $0.787, suggesting a high level of volatility. The market sentiment for Madison Square Garden Sports Corp may be bearish, with the potential for further downside, as indicated by the current RSI and the stock's trading near its 52-week low. Investors should be cautious and consider the risks associated with investing in this stock.
More about PepsiCo Inc
PepsiCo Inc. is a multinational food, snack, and beverage corporation with a market capitalization of $236.49 billion and a current stock price of $187.85. The stock has a 52-week high of $195.00 and a 52-week low of $133.21, indicating strong performance. The Relative Strength Index (RSI) is at 66.57, suggesting the stock is currently in overbought territory. The company's revenue for the last fiscal year was $91.617 billion, with a net profit margin of 9.05%. The stock has shown a bullish trend with a 6% increase in the last quarter. However, it's important to note that past performance is not always indicative of future results, and there are potential risks associated with investing in PepsiCo, Inc.
More about U-Haul Holding Company
U-Haul Holding Company, AMERCO, is a DIY warehousing and moving operator for household and commercial items in the United States and Canada. The company's market capitalization is $11,723,286,000 with a stock price of $16.07. The stock has shown a 3.76% change in the last trading session and has a 52-week high of $29.35. The stock's Relative Strength Index (RSI) is at 0.133, indicating a neutral sentiment. The company's market value of equity is $5,754,155,000 with a book value per share of $64.10. The stock's performance has seen a downward trend with a negative price change of -0.218. Investors should be cautious as the stock is currently in a bearish trend, and past performance may not be indicative of future results.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, specializing in computer software, consumer electronics, and personal computers. It is a major player in the information technology industry, ranking No. 21 in the 2020 Fortune 500 rankings. With total revenue of $278.24 billion, Microsoft is the world's largest software maker by revenue. The stock performance has been strong, with a current price of $405.53 and a 52-week change of 29.35%. The company's strong position in the market is reflected in its market sentiment, with a Relative Strength Index (RSI) of 36.24 indicating bullish trends. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in Microsoft.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. As of January 2021, it is also the world's most valuable company.
More about Avis Budget Group Inc
Avis Budget Group Inc is a company in the services-auto rental & leasing (no drivers) industry with a market capitalization of $12,015,000,000. The stock is currently trading at $45.55 with a 52-week range of $4.228 to $304.18. The stock has a Relative Strength Index (RSI) of 234.67, indicating overbought conditions. The company has shown a decrease of -22.6% in its stock price over the past year. Market sentiment is currently neutral, with potential risks and uncertainties associated with the high RSI and the significant decrease in stock price over the past year. It is important to note that past market behavior is not always a reliable indicator of future performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.