[TheDevs]

Three Best Stocks to Invest in for Big Gains in 2024: June Edition

Investors seeking lucrative opportunities in the stock market have their eyes on three top-performing stocks that are poised for significant gains in the second half of 2024. Broadcom (AVGO), Goldman Sachs (GS), and Netflix (NFLX) have demonstrated strong growth potential, driven by various catalysts and positive market sentiment.

Broadcom, a leading chipmaker, has experienced a surge in its stock price following the announcement of a 10-for-1 stock split and better-than-expected financial results. The company’s shares are set to begin trading on a split-adjusted basis in mid-July. With its microchips and semiconductors in high demand, Broadcom is capitalizing on the booming artificial intelligence (AI) industry. The company’s first-quarter financial results surpassed Wall Street estimates, with revenue reaching $12.49 billion. Broadcom’s management also raised its forward guidance, projecting $51 billion in sales for the fiscal year. Year-to-date, AVGO stock has soared by 56% and doubled over the past 12 months.

Goldman Sachs, a renowned investment bank, has been performing exceptionally well in 2024. The company recently announced its plans to double lending to ultra-wealthy private bank clients within five years. This strategic move aims to cater to the needs of clients with a net worth of at least $30 million, diversifying Goldman Sachs’ revenue streams. While the bank’s previous expansion into retail banking failed, its foray into wealth management presents ample room for growth. GS stock has gained 15% this year and 30% over the past 12 months.

Netflix, the streaming giant, has been making significant strides in expanding its content offerings. The company’s entry into live sports and entertainment has garnered attention, with recent live streams of events such as a celebrity roast of former NFL quarterback Tom Brady and a boxing match between Jake Paul and Mike Tyson. Netflix has also secured a $5 billion deal to stream World Wrestling Entertainment’s weekly program Raw starting in 2025. Additionally, the company plans to broadcast an NFL football game on Christmas Day and a popular hot dog eating contest on Labor Day. These ventures are expected to attract a large viewership and boost Netflix’s subscriber numbers. NFLX stock has surged by 50% over the past 12 months, including a 39% gain in 2024.