When it comes to implementing a robust investment strategy, turning to tried-and-tested companies with a strong history behind them is the obvious way to go if you’re seeking steady long-term gains. But as global markets continue to evolve and fluctuate, keeping abreast of the best companies to invest in is becoming a trickier task than it once was.
The technology sphere has seen some particularly dramatic investments over recent years. A host of modern innovations has propelled some new and emerging companies to the very top of their game and allowed other more established names to maintain a steady foothold in the markets that they have previously fought so hard to win.
Whether you’re keen to play it safe or are willing to take a risk or two to grow your wealth, there are several companies worth investing in in 2024. Here, we look at four that stand out due to their strong market presence, innovative capabilities, and impressive potential for growth.
GameStop Corp. (GME)
Gamestop is a world-renowned video game and electronics retailer with a captivating story behind it, having recently undergone a dramatic overhaul when it went from a failing brick-and-mortar retailer to a digital sensation. When a group of retail investors banded together in early 2021 to save the ailing company, stock prices surged dramatically, and today, its more diversified digital strategy continues to serve it well, with the GME stock price enjoying some attractive highs.
Its transformation has caught the attention of investors across the globe. The shift towards e-commerce and digital assets has seen it enjoy enhanced growth over the past three years, with partnerships with key industry players serving as strategic moves that have enabled it to reinvent itself entirely.
In 2024, brand recognition is at an all-time high, and GameStop has garnered strong community support, placing it in a strong position on the stock markets. Despite its volatile history, its balance sheets have enjoyed quite the boost, and a reduction in debt, along with enhanced liquidity, have made it an increasingly popular choice for investors seeking a high-risk option that could potentially yield some significant returns over time.
Apple Inc. (AAPL)
Apple, as one of the best-known tech giants in the world, has long been viewed as a rather safe bet when it comes to investing, and in 2024, things are no different. Its iPhones have all but eclipsed other brands in Europe. While Samsung is still the global market leader for smartphones, Apple’s other immensely popular offerings, which range from its Macbooks to services like Apple TV+ and Apple Music, have provided it with a diverse array of revenue streams that have seen it enjoy continued growth and maintain a stable position on the stock market.
This year is expected to be a particularly exciting one for Apple, with the brand expected to further diversify into the spheres of augmented and virtual reality (AR and VR) to bring its range of devices not just well and truly into the modern age, but also propel them into the future. The arrival of its AR and VR headset is expected before the year is out, along with a raft of new iPhone and Macbook upgrades, and with its market capitalization now in excess of $2 trillion and the offer of regular dividends and share buybacks, it’s looking like a viable choice for investors this year and beyond.
Microsoft Corporation (MSFT)
Another tech behemoth that has been around for a long time now is Microsoft, and today, it continues to offer investors some attractive opportunities. Bill Gates’ brainchild continues to lead the pack in software and cloud computing, and with a diverse array of offerings can’t have extended beyond its flagship 365, Xbox, and more recently, its first foray into artificial intelligence (AI), the momentum it has been gathering for some decades now shows no signs of slowing down. Microsoft also owns LinkedIn – a little-known fact – along with Azure. The late has expanded, and the company has made strategic acquisitions a priority, with Nuance Communications now under its belt and serving as the driving force behind its move into the AI and healthcare spaces.
In 2024, market capitalization is approaching the $2.5 trillion mark, and financial performance remains robust. So, if you’re seeking an investment opportunity that offers healthy shareholder returns, then look no further.
Tesla Inc. (TSLA)
With Elon Musk at the helm, electric vehicle pioneer Tesla has paved the way for a more sustainable future, but its innovative, high-spec electric cars aren’t the only project it has been making waves with. The giant is also making progress in the battery technology and energy solutions spaces, and it has proven time and again that its ambition and innovation know no bounds.
This company is changing the game and, in turn, the world in myriad ways, making it a thoroughly thrilling choice for investors. Its expansion plans in terms of its renewable energy and sustainable transportation arms include new gigafactories – huge factories that produce very large numbers of batteries for electric vehicles – as well as the launch of Cybertruck, a battery-electric medium-duty, full-size pick-up truck. With such exciting developments afoot, it seems the only way is up for Tesla in 2024 and beyond.
Disclaimer: Investing money carries risk, do so at your own risk and we advise people to never invest more money than they can afford to lose and to seek professional advice before doing so.
