Finance

Trading Online: The Top Five Performing Stocks to Watch in 2024

As we move into a new year, it’s the perfect time to analyse the stock markets and keep abreast of any potential top-performing stocks you may look to invest in in the coming weeks and months.

This article will take a look at what is on the horizon for 2024 and share insights into companies and industry sectors that have high potential for investors, helping you to make informed decisions about stock trading in the year ahead.

Stocks to watch in 2024:

Hotel Chocolat (HOTC:LON): Recently acquired by Mars, this high-end chocolatier is certainly one to keep an eye on in 2024. Since the acquisition, Mars has stated that it plans to expand Hotel Chocolat’s brand across the UK and abroad, but that the manufacturing of products will remain in the UK. Since it was listed on the stock market in 2016, Hotel Chocolat has doubled its revenues and the recent procurement by Mars would suggest revenues are set to continue to rise.

Marks and Spencer (MKS:LON): Marks and Spencer has seen its shares rise over the last 12 months, largely due to a new strategy brought in by new CEO Stuart Machin, which saw the retailer returning to the FTSE 100 earlier in 2023. Share prices grew 115% in 2023, with H1 2023 results showing an increase in revenue by 11% year-over-year to £6.13 billion.

Rolls-Royce (RR:LON): Similarly to Marks and Spencer, Rolls-Royce has enjoyed a stellar performance since new CEO Tufan Erginbilgic joined the company, delivering an astounding performance in his first year. The company plans to deliver an operating profit of £2.8 billion by 2027, with share prices seeing growth of 205% in the past year.

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Amazon (AMZN:NASDAQ): With new opportunities to incorporate artificial intelligence into its operations, Amazon continues to find new ways to broaden its business model and services. Sales growth rose to 13% heading into the final quarter of 2023, with net income in the third quarter of 2023 to $9.9 billion. Based on these figures, Amazon is on course to break through its 2021 stock price high in 2024.

Centrica (CAN:LON): The electricity and gas supplier has made significant strides in 2023, including seeing adjusted operating profit reach £2.1 billion. Fixed on delivering its green-focused investment strategy with annual investment building between £600 and £800 million until 2028, Centrica offers an exciting prospect to investors.

The above is just a selection of some of the potentially high-performing stocks you should keep in mind as you look towards your future stock trading investments in the year to come. While past performance is not an indicator of future returns, the above companies have delivered extraordinary results in 2023, so they should be firmly on your radar.

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Team Trend Bizz

Hi! I'm Bilal Soomro, the founder of Trend Bizz. I love creating websites and designs as a web and graphic designer. I'm also good at SEO (helping websites show up in Google searches) and I enjoy writing blogs. My favorite tool is WordPress, which I use a lot for making websites. I've spent the last few years learning all about building websites, blogging, getting websites to rank in Google, and doing digital marketing. Let's connect and share ideas!

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