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3 Top Stocks That Could Double in 2024

3 Top Stocks That Could Double in 2024

The S&P 500 is up 19.4% for the year, while the Nasdaq Composite has jumped by 36.3%, partially driven by excitement over new artificial intelligence (AI) technologies and a reversal of a sharp sell-off in tech stocks in 2022. Most prognosticators now expect the Federal Reserve to begin lowering interest rates next year, which should offer some support to growth stocks that had been hard hit by the Fed's campaign to rein in inflation. In particular, three stocks that are down sharply from their pandemic-era peaks that could double next year are Upstart (NASDAQ: UPST), Redfin (NASDAQ: RDFN), and Opendoor Technologies (NASDAQ: OPEN).