5 Stocks to Buy Now That Will Be Worth More in 2024

New year, new resolutions. For many, that also means new investments to help us reach our goals. In the case of investing, this means searching for stocks that will be worth more in the future. There are plenty of stocks that fall within this category right now. These stocks are known as “value stocks” or “hidden gems” because they have the potential to increase in value over time hence the best stocks to buy now. 

We have compiled a list of five stocks you should consider buying now and holding until 2023:

Starbucks

Starbucks is a well-known coffee retailer with over 30,000 stores in over 80 countries. The company’s powerful brand and loyal customer base have allowed Starbucks to expand beyond coffee and launch a multitude of new products and services, including food, beverages, and supplements. Starbucks should continue seeing strong growth in revenue and earnings over the next three years, thanks to its continued expansion and the introduction of new products and services. The company is investing in new technology to better automate its supply chain, which should help lower costs and increase profit margins. Starbucks is also continuing to expand internationally, with plans to open an additional 5,000 stores outside the U.S. in the next five years.

Apple

Apple is one of the most valuable brands in the world and continues to earn money from its loyal customer base through its ecosystem of products and services, including the iPhone and the Apple Watch. The company has a strong history of introducing new products and services that have gone on to become blockbusters. The company’s services and subscription businesses, including Apple Music, Apple TV, and Apple News+, continue to grow and remain important sources of revenue for the company as hardware sales slow down. Apple recently released a new line of Apple Watches that includes blood pressure monitoring, making this a critical product for the healthcare industry. Consumers can expect to see Apple introduce new products in the next few years, including a new iPhone, a new Apple TV, and the Apple car.

Alphabet (Google)

Google (now known as Alphabet) continues to grow and diversify its business with a variety of products and services, including Google Search, Android, Chrome, YouTube, and Google Cloud. The company’s advertising business continues to be extremely profitable, and analysts expect it to continue growing in the years ahead as users become increasingly reliant on the internet for information. Google continues to invest in new technologies and products to diversify its business beyond advertising, including internet-connected home appliances, health technologies, self-driving cars, and internet-connected robots for manufacturing. The company is also working to become an internet service provider, selling internet and video service to consumers.

Amazon.com

Amazon is an e-commerce giant with a wide variety of products and services, including Amazon Prime, Amazon Music, Amazon Web Services, and Alexa. The company continues to expand into new markets and industries, including media and grocery. The company has proven that it can successfully enter new industries and disrupt existing players, allowing it to grow at a rapid pace. Amazon has continued to invest in new distribution centers and technologies as it grows and is expected to reach $1 trillion in annual sales by 2023. Investors can expect to see the company continue to expand its presence internationally, particularly in Asia, as it seeks to increase revenue further.

Facebook

Facebook continues to be a dominant player in the social media industry, with more than 2 billion monthly active users. The company has successfully diversified its business, including through its growing portfolio of apps such as Instagram and WhatsApp. The company has also begun shifting to an ad-free model, which will allow it to maximize revenue and continue to grow its user base. The company’s focus on privacy and data security has remained a priority in recent years and should see an increasing focus in the coming years as governments and regulators continue to put pressure on social media companies. Facebook has continued to invest in new technologies and areas for revenue growth, including augmented reality, artificial intelligence, and virtual reality.

Microsoft

Microsoft continues to be a leader in the tech sector, with a wide variety of software and services, including Windows, Office, Xbox, and LinkedIn. The company has continued to expand into new industries and technologies, including cloud computing, artificial intelligence, and quantum computing. Investors can expect to see Microsoft increase its focus on new technologies, particularly artificial intelligence and quantum computing, in the coming years as the company works to stay competitive in the industry. The company is also expanding its presence in emerging markets as it works to increase revenue.

Summing up

With the Dow Jones today trading at $30,238, there are plenty of stocks that will be worth more in the future. Additionally, investing in these stocks now can help you reach your financial goals sooner by providing a consistent source of income. When you’re investing in a stock, the most important factor to look at is the company’s earnings per share. If a stock has high earnings per share, it means the company is making a lot of profit. This can help make the stock more valuable over time.