Best Large Cap Stocks in 2024, By Price History
Sectors & Industries
December 12, 2024
Table of Contents
As the year progresses, several large-cap stocks have emerged as strong performers, demonstrating significant gains and financial stability. Here’s a look at ten companies that have made a mark this year:
AppLovin Corp has experienced massive growth in 2024, driven by its technological advancements in the advertising sector and strategic investments. Its YTD growth of 600% highlights its dominance as a tech leader
Despite operating losses, Summit's clinical advancements in oncology have attracted investor confidence, reflected in its remarkable 390% YTD stock growth.
MicroStrategy’s stock rise aligns with Bitcoin’s appreciation, given its substantial cryptocurrency holdings. Its focus on capitalizing on digital assets has bolstered its financial profile, despite mixed operational metrics
Carvana has solidified its presence in the online auto retail space, achieving record profitability and efficiency metrics, including a 470% increase in YTD stock performance
This data reflects Rocket Lab's rapid growth, particularly in revenue, despite operating at a loss, largely attributed to its aggressive expansion in the aerospace sector
Vistra's steady performance in the energy sector, coupled with its clean energy transition efforts, has led to a remarkable YTD growth of 180%, supported by strong profitability metrics.
Palantir has made significant strides in AI-powered data solutions, bolstering its market position and achieving 230% YTD stock growth. Strong growth in commercial contracts has fueled its robust financial performance.
FTAI has leveraged its niche focus on aviation and infrastructure to deliver solid growth and profitability, achieving 150% YTD gains. Its efficient operations and strategic investments have been key drivers of success.
As a leader in fast-casual dining, Cava has experienced explosive growth, translating into a 380% YTD stock increase. Expansion efforts and operational efficiency have solidified its market position.
Sprouts Farmers Market has focused on sustainability and customer-driven retail experiences, achieving steady growth and a 110% YTD gain. It remains a favorite among health-conscious consumers.
Large-cap stocks have shown remarkable strength and impressive growth in 2024. Some companies are riding the wave of technological innovation and strategic expansion, while others are thriving through operational efficiency and carving out strong positions in niche markets. These businesses represent not just financial stability but also potential for continued growth, making them stand out as attractive options for investors.
The best large-cap stocks vary depending on performance metrics, industry trends, and investor sentiment. In 2024, companies like AppLovin, Carvana, and MicroStrategy have demonstrated strong stock price growth.
The largest stocks by market cap often include companies like Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla, and Berkshire Hathaway.
Large-cap stocks refer to companies with a market capitalization of $10 billion or more. These stocks are known for financial stability and consistent performance.
As of 2024, Apple Inc. holds the largest market cap among US companies.
The two largest stock markets in the US are the New York Stock Exchange (NYSE) and the Nasdaq Stock Market.
The richest companies by market capitalization typically include Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon.
In terms of market capitalization, Apple Inc. is considered No. 1 in the share market.
Saudi Aramco consistently ranks as the most profitable company globally due to its oil production dominance.
Technology companies like Apple, Microsoft, and Alphabet are among the most profitable in the USA, generating significant earnings from diverse product offerings and services.
The three most valuable companies by market cap typically include Apple, Saudi Aramco, and Microsoft.
Profitability varies by sector and market conditions. Shares with consistent revenue growth, high net margins, and robust cash flow are typically considered highly profitable.
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