My top 10 stocks to buy in 2024 beat the market by 48%. Should you buy them before 2025?

Costco is one of my favorite all-weather stocks, continuing to rise despite hitting new all-time highs this year. It’s reliable for strong performance under virtually all macroeconomic conditions, and the market can’t get enough of it. If you have a long-term mindset, you can add some stocks now, but you might also want to add one the dollar cost average strategy.

Global-e is a small but growing e-commerce powerhouse that provides cross-border solutions for online retailers. It serves A-list clients such as Disney, LVMHAnd Northstreamand more customers are added every quarter. It boasts high growth and is also getting closer to profitability. That positions the company to extend its momentum through 2025.

Lemonade is the standout stock on this list, and you can see how one big winner can carry a portfolio. The insurance company entered 2024 down more than 90% from all-time highs as investors were frustrated with its progress toward profitability. It has made great progress this year and the AI ​​algorithms are doing their job. Lemonade still has a huge opportunity.

Lululemon is a consumer favorite, but has made a few missteps with its product launches this year. That wasn’t helped by an overall weak market for premium apparel, and Lululemon isn’t the only activewear company struggling right now. However, at its current price it trades at just 26 times its trailing twelve-month earnings, a discount to the S&P 500 average. There may be some more volatility in the near future, but long-term investors should view this as an opportunity to buy a leading consumer apparel brand on the dip.

MercadoLibre has long been a top performer, but its stock fell earlier this year due to economic instability and new competition in some of its key markets. However, MercadoLibre continues to run an excellent business that is highly profitable and continues to report high growth, and the opportunities across Latin America are enormous.

Now a fully digital bank headquartered in Brazil and growing by leaps and bounds. It has a cross-selling strategy that results in high engagement and increasing average revenue per active customer. The company has 110 million customers worldwide and is entering new markets that should boost profits through 2025 and beyond.

SoFi is a fully digital bank in the US and is also showing momentum as it gains market share and becomes sustainably profitable. The company has reported positive net income for the past four quarters and management expects this trend to continue. The company is successfully expanding into a full financial services app, adding to the core lending segment, and has years of growth ahead.

Visa is an all-weather stock that grows when the economy does. It is slightly underperforming the market this year as the market’s gains have been fueled by big tech stocks. But Visa has been a winning choice for years, and it’s an excellent choice.

Ten stocks aren’t enough for a diversified portfolio, and this list skews toward growth stocks. But if your research leads you to invest in a few of these companies and you supplement your portfolio with additional stocks or even an exchange-traded fund for greater diversification, you can be well prepared for different market conditions.

And it’s important to remember that every year will look different: some choices might be duds, while others will be huge. But these annual fluctuations become less important if you focus on buying quality stocks and holding them for the long term. This remains a winning strategy for building wealth in the stock market.

Consider the following before purchasing shares in the S&P 500 Index:

The Motley Fool stock advisor The analyst team has just identified what they think is the 10 best stocks for investors to buy now… and the S&P 500 Index wasn’t one of them. The ten stocks that survived the cut could deliver monster returns in the coming years.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jennifer Saibil has positions in Airbnb, Global-E Online, Lemonade, MercadoLibre, Nu Holdings, SoFi Technologies and Walt Disney. The Motley Fool holds positions in and recommends Airbnb, Amazon, Costco Wholesale, Global-E Online, Lemonade, Lululemon Athletica, MercadoLibre, Visa, and Walt Disney. The Motley Fool recommends Nu Holdings. The Motley Fool has one disclosure policy.

My top 10 stocks to buy in 2024 beat the market by 48%. Should you buy them before 2025? was originally published by The Motley Fool