3 Stocks That Could Go on a Bull Run Before 2024 Is Over
This year is approaching an end, but investors shouldn't ignore some fairly priced stocks before the calendar flips to 2025. Often, fund managers reposition their portfolios in December, which can lead to what's called a "Santa Claus Rally." This effect causes stock prices to rise significantly in December because a lot of people are buying.
Three stocks that see heavy buying interest in December are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and ASML Holding (NASDAQ: ASML). Each company is well-positioned for the long term yet has short-term reasons why it's a good buy.
Alphabet is better known as Google's parent company but also has other strong areas under its umbrella. It's deeply involved in the generative AI arms race through its Gemini model, which has emerged as a top model to use in this space. Part of this strength comes from its cloud computing division, Google Cloud.
Source Fool.com
Alphabet Inc. C Stock
The stock is one of the favorites of our community with 37 Buy predictions and 4 Sell predictions.
With a target price of 194 € there is a positive potential of 27.08% for Alphabet Inc. C compared to the current price of 152.66 €.
