In 2023 the market struggled regularly throughout the year but had a surprisingly good finish to cause investors to be optimistic about the 2024 market. So far in 2024 the S&P 500 is up 20% which is quite good considering the S&P average annual return is about 12.5%. The economy has also experienced rising inflation  and pullbacks throughout the year – so the market is mixed currently. 

Nonetheless, the biggest single-day gain in a stock happened in 2024 TWICE. Nivida had a 100+ billion dollar increase in 2024. +277 billion on February 22nd and +327 billion on July 31st. With that there was a brief August setback but many experts are still saying to invest.

“We still think it’s a great time to be invested and for those with money in cash, it represents an opportunity to put capital to work in longer-term assets,” says Eric Freedman, chief investment officer for U.S. Bank Wealth Management.

With that being said there are a few strong buys experts are saying to invest in. Those being Nvidia, Meta, Delta airlines, and United Health Group. All these stocks have been on a steady incline throughout the year and do not look like they plan on stopping anytime soon. 2 stocks expert David Butler says to avoid are Ford and spirit airlines. Ford has been down 53% in the last 5 years and doesn’t look like it will bounce back in the near future. The problem with spirit airlines is that it has lost 100s of millions of dollars since Covid and has seen much improvement yet and  there merger with JetBLU failed it just added wounds to the already hurt company. 

2024 has been mixed but the market is looking to bounce back in 2025 so keep a look out and start investing St. Joe!