Is It Too Late to Invest in the S&P 500's 3 Hottest Stocks This Year?
Travel stocks and tech are two hot places to invest this year. So far in 2023, Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and Carnival Corp. (NYSE: CCL) have been the best-performing stocks on the S 500, and they are all up more than 130%.
With returns like that in just over six months, investors may be hesitant to jump into already scorching-hot valuations. Is it too late to buy these stocks, or can you still expect to make a good return from buying shares of these three top S 500 companies?
Nvidia is the newest member of the $1 trillion club. It reached that threshold in large part because its stock has been on fire this year, rising 190% thus far in 2023. And a big part of the reason for the price bump is investors' excitement that the company's chips are used in artificial intelligence (AI) applications and help train chatbots. Nvidia's chips and other products are expected to be in high demand for many businesses looking to build AI platforms and products.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.36 € for Carnival plc, so the potential is actually -2.69%.
