10 stocks retail investors craved in 2024
Published On Dec 31, 2024, 11:12 AM
In 2024, retail investors continued to invest heavily in major tech companies, leading to significant inflows into stocks like Nvidia, Tesla, and Apple. According to Vanda Research, retail investors contributed approximately $265 billion in net new inflows to the US markets, with Nvidia attracting the highest amount of retail investment at $29.8 billion. The average portfolio of retail investors is reported to have increased by over 40%. The article discusses the strong performance of portfolios in 2024 and hints at potential challenges ahead in 2025 due to uncertain Federal Reserve policies and inflationary pressures, despite a favorable business environment from the incoming Trump administration.
Stock Forecasts
NVDA
Positive
Nvidia remains a top pick for retail investors, capturing significant retail inflows and maintaining high interest in the AI sector. Despite its recent slight decline, Nvidia's growth prospects are strong due to its leadership in AI technology and semiconductor sector appreciation.
TSLA
Neutral
Tesla's retail inflows have decreased compared to last year but it remains a major holding for retail investors. The upcoming administrative policies may impact its operations positively, but caution is warranted due to potential regulatory concerns and market competition.
QQQ
Positive
The Invesco QQQ Trust ETF, which holds a basket of tech stocks including Apple and Nvidia, shows great strength as retail investors continue to flow capital into tech centric investments. As long as these tech stocks perform well, QQQ is likely to gain as well.
SOXL
Positive
As a thematic ETF focused on semiconductors, the Direxion Daily Semiconductor Bull 3X Shares is positioned well to benefit from the consistently growing semiconductor market driven by AI and tech advancements. This sector’s growth trajectory suggests continued retail interest and inflows.
SPY
Neutral
The SPDR S&P 500 ETF Trust remains a standard choice for diverse market exposure. While it may not see explosive growth, its stable nature and attractiveness among retail investors will likely keep it in favor as a core holding.
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