With the second half of 2024 nearly upon us, investors across the globe are taking time out to reassess their investment strategies and ensure that they’re on track to achieve the returns they set out to this year. For some, that also means reconsidering the companies they are backing based on recent and emerging trends, and with growing environmental awareness, ongoing tech innovations and shifting market dynamics, there are a myriad of exciting opportunities to be taken advantage of before the close of the year.
If you’re seeking companies that have been showing robust financial performance in 2024, as well as demonstrating healthy potential for long-term growth and innovation, then you might be wondering which move to make next. Here, we take a look at some of the top companies to keep an eye on as we head into the final six months of the year.
GameStop Corp. (GME)
GameStop has undergone quite the transformation over recent years, going from a failing physical bricks-and-mortar video game retailer to a roaring online success. In early 2021, a group of retail investors came together to execute the transition and the move saw GameStop stock price spike to levels never seen before. Although things have settled down somewhat since then, the company remains of great interest to many investors, and whilst it’s considered by some to be a high risk venture, it also offers some potentially high returns, too.
Under it new leadership, GameStop’s focus on ecommerce, digital assets and the ongoing expansion of its product offerings to encompass collectibles and gaming accessories, amongst other things, place it in a prime position for strong performance in the second half of this year, and its dalliance into the digital sphere through NFTs and blockchain technology shows that there is a forward-thinking strategy driving every move it makes and that will likely see it remaining ahead of the game for some time to come.
Amazon.com, Inc. (AMZN)
E-Commerce and cloud computing giant Amazon has no doubt been on your radar for some years now, and in 2024, it remains a frontrunner in its field. Growth-wise, it shows no signs of slowing down, with its dominant position in the cloud computing market via Amazon Web Services (AWS) has cemented its position as a key player in the digital economy. Amazon has long come under fire for feeding into the throw-away culture of today’s modern world, but its efforts to invest in sustainability as it expands into new markets – which include autonomous technology and even, somewhat bizarrely, healthcare – has won it renewed favour. Its immense logistics network and forward-thinking retail strategies have seen it continue to remain several steps ahead of its competitors.
Tesla, Inc. (TSLA)
Known for its innovation in electric vehicles and energy solutions, Tesla has emerged as a trailblazer over recent years, and its performance is continuing to look promising this year as it gathers momentum towards its ambitious goals. Still at the forefront of innovation when it comes to sustainability, its advancements in battery technology, along with the continuing expansion of its Supercharger network, has seen its stock prices soar in 2024. And Tesla is branching out; it might be best-known for its EVs, but it’s also making waves in the fields of energy storage and solar solutions, so if you’re looking for an exemplary company with strong green credentials to invest in this year, then look no further.
Alphabet Inc. (GOOGL)
Google has long been perceived as a leader in the digital world, and its parent company Alphabet Inc, is a pioneer in search marketing, digital advertising and a host of other innovative technologies. One of its biggest investments of late has been into artificial intelligence (AI), but its additional forays into cloud computing with GoogleCloud and autonomous vehicles through Waymo have signalled its intention to remain relevant and to continue evolving along with the latest tech advancements.
Like Amazon, it’s also dipping its toe into the world of healthcare technology, with a focus on delivering data, evidence and software solutions that aim to boost clinical research and facilitate personalised care. Its impressive toolkit when it comes to leveraging data and technology for technology has long ensured it remains a cut above the competition, and as we head into the second half of 2024, its diversifying portfolio makes it an appealing prospect for investors.
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.
