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The third magnificent Dow Jones Industrial Average stock that makes for a no-brainer buy in the second half of 2024 is e-commerce colossus Amazon(NASDAQ: AMZN).
The question for prospective buyers is whether they waited too long to buy the stock. Revenue in fiscal Q1 grew 33% yearly to $921 million, slower than the 36% increase in fiscal 2024.
The S&P 500 index is at a record high, but it isn't too late for long-term investors to buy into the stock market.
It wasn't easy to double in 2024, but these three stocks made it happen. They might be able to do it again.
The good news is that EPS took a hit partly because Cisco finalized its $28 billion acquisition of Splunk, a software company that specialized in data analytics and cybersecurity.
Value investors should consider these stocks because they have significant upside potential for the rest of 2024.
A good place to look for such ideas are stocks that have fallen near 52-week lows. Stanley Black & Decker (NYSE: SWK) and Nucor (NYSE: NUE) are worth a closer look right now.
The stock market logged a gangbusters first half of the year, driven by tech companies. Can it last?