Explore the July 2024 stock market forecast and 7 top stocks to watch. Stay informed on key investment opportunities and trends.

When it comes to picking the best stocks to buy, there are key factors to consider that can help increase your chances of success in the stock market. Here are some expert for finding the best stocks to buy:

1. Understand the Company: Before investing in a stock, it’s crucial to have a solid understanding of the company and its business model. Look for companies that you are familiar with and have a clear strategy for growth and profitability.
2. Focus on Earnings Potential: One of the most important factors to consider when picking stocks is the company’s earnings potential. Look for companies that have a track record of growing earnings and are expected to continue to do so in the future.
3. Consider Valuation: Valuation is another important factor to consider when selecting stocks. Look for stocks that are attractively valued based on metrics such as price-to-earnings ratio, price-to-sales ratio, and other valuation measures.
4. Analyze Technical Indicators: Technical analysis can also be a useful tool for identifying potential stock opportunities. Pay attention to technical indicators such as moving averages, relative strength index (RSI), and other patterns to help identify entry and exit points.
5. Diversify Your Portfolio: Diversification is key to reducing risk in your investment portfolio. Make sure to spread your investments across different sectors and industries to avoid putting all your eggs in one basket.

By following these expert tips, you can improve your chances of finding the best stocks to buy and building a successful investment portfolio. Remember to do thorough research, stay informed about market trends, and consult with a financial advisor if needed to make informed investment decisions.

7 Top Stocks to Watch in 2024

• CVS Health Corp
• Estee Lauder Cos. Inc.
• Innovative Eyewear Inc (NASDAQ: LUCY)
• Alphabet, Inc. (GOOG, GOOGL)
• Citigroup, Inc. (C)
• Aeye Inc (NASDAQ: LIDR)
• Oracle

Let’s dive into the details of CVS Health Corp stock, Estee Lauder Cos. Inc., Innovative Eyewear Inc., Alphabet, Inc., Citigroup, Inc. , Aeye Inc., Oracle stock. It’s worth noting that these 7 Top Stocks to Watch all have strong relative strength. Stock price, performance and market trends have positioned them as promising stocks to watch in the month of July 2024.

#1: CVS Health Corp

CVS Health Corp is a well-known and established company in the healthcare sector. With a strong presence in the retail pharmacy industry, CVS Health Corp has shown resilience in the face of economic challenges. The company’s diversified business model, which includes retail, health clinics, and pharmacy benefit management services, positions it well for long-term growth and profitability.

CVS Health Corp is one of the 7 top stocks to watch has a solid balance sheet and has consistently demonstrated earnings growth potential. With the increasing focus on healthcare and wellness, CVS Health Corp is well-positioned to capitalize on the growing demand for healthcare services. Cash flow generation has been positive, allowing the company to invest in its growth initiatives and return value to shareholders through dividends and share repurchases.

One of the key drivers of CVS Health Corp’s growth is its retail segment, which includes a vast network of pharmacies the United States. This retail presence provides the company with a competitive advantage as it can offer convenience and accessibility to customers seeking healthcare products and services.

Furthermore, CVS Health Corp has made strategic acquisitions to expand its reach and diversify its offerings. The acquisition of Aetna, a leading health insurance company, has allowed CVS Health Corp to create an integrated healthcare delivery system. This integration enables the company to provide a continuum of care to its customers, from retail pharmacy services to health insurance coverage.

In addition to its retail and insurance businesses, CVS Health Corp also operates MinuteClinics, which are walk-in medical clinics located inside select CVS Pharmacy stores. These clinics offer a range of services, including minor illness treatment, vaccinations, and wellness screenings. The convenient access to healthcare services provided by MinuteClinics positions CVS Health Corp as a leader in the retail healthcare space.

CVS Health Corp has also demonstrated a commitment to innovation, particularly in the digital space. The company’s digital solutions, such as its

The company’s strategic acquisitions and partnerships have further enhanced its competitive position in the market.

Wall Street analysts have a positive outlook on CVS Health Corp, with a consensus recommendation of “buy” among analysts. The company’s ability to exceed expectations, along with its earning stability and attractive valuation, make it a top pick for investors looking for long-term investment opportunities.

In conclusion, CVS Health Corp stands out as a strong and reliable investment choice for 2024. With its solid financials, diversified business model, and growth prospects in the healthcare industry, CVS Health Corp is well-positioned to deliver strong returns for investors in the years to come.

#2: Estee Lauder Cos. Inc.

Estee Lauder Cos. Inc. (EL) is a global powerhouse in the cosmetic industry, with a portfolio of well-known brands such as Clinique, Origins, MAC, Bobbi Brown, and their namesake Estee Lauder. For years, Estee Lauder and its competitors have experienced rapid and steady growth in the beauty market.

However, the company has faced challenges in recent years due to changing consumer preferences and market dynamics. The rise of social media and influencer marketing has altered the way consumers discover and purchase beauty products, leading to increased competition in the industry. Additionally, the COVID-19 pandemic has significantly impacted the beauty sector, with consumers shifting towards more skincare-focused products and online shopping.

Despite these challenges, Estee Lauder remains a strong player in the market with a global presence and a loyal customer base. The company has continued to innovate and adapt to changing trends by investing in digital marketing strategies and expanding their product offerings to cater to shifting consumer preferences.

Looking ahead, Estee Lauder’s focus on innovation, brand differentiation, and customer experience will be key factors in maintaining their competitive edge in the ever-evolving beauty industry. While the company may face headwinds in the short term, their long-term growth prospects remain promising as they continue to evolve with the changing market landscape.Estee Lauder’s commitment to innovation is particularly notable. The company consistently invests in research and development to create cutting-edge products that cater to changing consumer needs and emerging trends. They have successfully launched innovative skincare products, such as serums with ingredients and personalized skincare regimens, to capitalize on the growing demand for self-care and wellness.

Furthermore, Estee Lauder places a strong emphasis on brand differentiation. They understand the importance of creating distinct brand identities that resonate with their target market. By leveraging the power of storytelling and unique marketing campaigns, Estee Lauder is able to effectively connect with consumers and create a sense of exclusivity around their products. This strategy not only helps to maintain customer loyalty but also attracts new customers who are seeking premium and luxury beauty products.

In addition to innovation and brand differentiation, Estee Lauder’s focus on customer experience sets them apart from their competitors. The company invests in seamless online shopping experiences, personalized recommendations, and exceptional customer service. By prioritizing customer satisfaction, they can cultivate long-term relationships and secure a loyal customer base.

While Estee Lauder is one of the 7 top stocks to watch for may face short-term headwinds due to the ongoing challenges in the beauty industry, their long-term growth prospects remain optimistic. The company’s ability

Also read: Clover Health Stock forecast 2025 | Stockforecastwhiz

#3: Innovative Eyewear Inc (NASDAQ: LUCY)

Innovative Eyewear Inc, trading under the ticker symbol LUCY on the NASDAQ, is a company that has recently caught the attention of traders and investors alike. With focus on developing cutting-edge eyewear technology, LUCY has shown significant potential for growth and volatility in the market.

One key factor that has contributed to the interest in LUCY is the company’s recent performance. With a price spike of 650% in less than three trading days, LUCY has proven to be a stock worth watching for those looking to capitalize on short-term trading opportunities.

Additionally, LUCY has been identified as a 7 top stocks to watch by the oracle tool, a trading algorithm that tracks the most volatile stocks in the market. This recognition further solidifies LUCY’s position as a stock with potential for significant movements in price.

Traders and investors should keep a close eye on LUCY as it continues to show strong momentum and potential for further growth. With the right trade plan and strategy in place, LUCY could present lucrative trading opportunities in the coming days and weeks.Furthermore, Innovative Eyewear Inc’s focus on developing cutting-edge eyewear technology positions them well in a market that is constantly evolving. As consumer preferences and trends change, LUCY has shown their ability to adapt and stay ahead of the competition. staying at the forefront of innovation, the company is able to attract new customers and maintain their existing customer base.

Another aspect that makes LUCY an intriguing 7 top stocks to watch is its recent partnership with a leading fashion brand. This collaboration opens up new opportunities for LUCY to expand its market reach and gain exposure to a broader customer base. Such partnerships can significantly impact a company’s growth potential and increase its chances of success in a competitive market.

It is important to note that with this potential for volatility and rapid price movements, LUCY also carries risks. Traders and investors should carefully evaluate their risk tolerance and set appropriate stop-loss orders to protect their investments.

Overall, Innovative Eyewear Inc (NASDAQ: LUCY) is a stock worth closely monitoring as it continues to demonstrate strong momentum and potential for further growth. It is essential to conduct thorough research, analyze market trends, and develop a well-defined trading strategy before considering any investment in LUCY or any other stock.

Stay tuned for

#4: Alphabet, Inc. (GOOG, GOOGL)

Alphabet, the parent company of Google and YouTube, is a global leader in internet search and online advertising. With a market cap of $2.06 trillion and a year-date performance of 20%, Alphabet has established itself as a dominant player in the tech industry. The company’s core businesses continue to thrive, generating a significant $73.7 billion in profits in 2023.

One of Alphabet’s key strengths lies in its innovation in artificial intelligence technology. The company has rolled out its Bard AI chatbot and Gemini AI model, positioning itself as a top innovator in the AI space. Additionally, Alphabet’s subsidiaries, such as cybersecurity firm Mandiant and autonomous vehicle technology company Waymo, showcase the company’s diverse portfolio and potential for future growth.

While Alphabet faces regulatory risks, particularly in terms of antitrust concerns, its market leadership in online advertising and internet search presents strong growth opportunities. Google Cloud, another segment of Alphabet’s business, continues to show impressive growth, further solidifying the company’s position in the tech sector.

Overall, Alphabet’s strong financial performance, coupled with its focus on AI innovation and diverse portfolio of subsidiaries, make it a compelling investment opportunity for long-term investors looking to capitalize on the company’s continued success in the tech industry.

Also read: Clover Health Stock forecast 2025 | Stockforecastwhiz

#5: Citigroup, Inc. (C)

Citigroup is a well-known and diversified financial services company with a large global customer base. With a positive analyst outlook and attractive valuation, Citigroup is definitely a stock to keep an eye on. Ebrahim Poonawala highlights the company’s target to reach a 10% return on tangible common equity by 2026, which could drive further growth and shareholder value.

Furthermore, Citigroup’s restructuring efforts are expected to improve operating efficiency, while opportunities for ramping up share buybacks could also benefit investors. With a forward P/E ratio of 8.6, a price/sales ratio of 1.6, and a 3-year average annualized revenue growth of 2.6%, Citigroup presents a compelling investment opportunity.

In conclusion, the gap between perceived versus real risk for Citigroup is expected to narrow as the company’s core earnings trajectory becomes more visible. This could drive a re-rating higher in the stock, making it a 7 top stocks to watch in the coming months.Citigroup has made significant progress in their restructuring efforts, aiming to improve their operating efficiency and drive growth.

As these efforts start to bear fruit, investors can expect the gap between perceived and real risk to narrow. This means that the market’s perception the company’s risk may be overly cautious compared to the actual performance and potential of Citigroup.

If Citigroup can continue to meet its target of a 10% return on tangible common equity by 2026, it could be a catalyst for further growth and increased shareholder value. This ambitious goal demonstrates management’s commitment to maximizing profitability and capitalizing on market opportunities.

Additionally, Citigroup has the potential to ramp up share buybacks, which can be beneficial for investors. By reducing the number of outstanding shares, the company effectively increases its ownership stake in itself, thereby enhancing shareholder value. This strategy, combined with Citigroup’s positive analyst outlook and attractive valuation, makes it an intriguing stock to keep an eye on.

From a valuation perspective, Citigroup appears to be undervalued, with a forward price-to-earnings (P/E) ratio of 8.6 and a price-to-sales (P/S) ratio of 1.6. These metrics suggest that the stock may be priced

#6. Aeye Inc (NASDAQ: LIDR) – The Best Autonomous Vehicle AI Stock

Aeye Inc (NASDAQ: LIDR) is one of the 7 top stocks to watch for those interested in the autonomous vehicle industry. With its focus on AI technology LiDAR technology, Aeye Inc is positioned to play a crucial role in the self-driving revolution. LiDAR technology, which uses light detection and ranging, is essential for the development of autonomous vehicles.

Currently, Aeye Inc is experiencing a multi-day run, with the stock already having spiked 320% in May. This kind of growth and momentum makes it a top stock to keep an eye on for potential trading opportunities.

Traders should set alerts and monitor the stock’s price action, especially around key levels of support and resistance. If the stock shows signs of breaking out with high trading volume, it could present an opportunity for a multi-day breakout trade. Stay tuned for updates on Aeye Inc as it continues to make waves in the autonomous vehicle AI sector.

In addition to monitoring the stock’s price action, traders should also keep an eye on any news or announcements related to Aeye Inc. The autonomous vehicle industry is constantly evolving, and any updates regarding partnerships, contracts, or advancements in AI technology can a significant impact on the stock’s performance.

It’s also important to consider the competitive landscape within the autonomous vehicle AI sector. Aeye Inc faces competition from established players like Velodyne Lidar and Luminar Technologies, as well as other emerging companies. Therefore, staying informed about the industry as a whole can provide valuable insights into Aeye Inc’s position and potential growth prospects.

Furthermore, it’s worth noting that investing in stocks like Aeye Inc can be inherently risky. The stock’s recent spike in May may imply high volatility, which can result in swift and dramatic price swings. Traders should exercise caution, conduct thorough research, and consider employing risk management strategies to protect their investments.

To stay updated on Aeye Inc, it’s advisable to follow reputable financial news sources, monitor analyst reports and opinions, and utilize technical analysis tools to identify potential trends and patterns in the stock’s price movement. Individual stocks can be influenced by various factors, such as macroeconomic trends, industry developments, and company-specific news. By staying informed about these factors, investors can make more informed decisions regarding their investments in Aeye Inc.

By combining these approaches, traders can make informed decisions and capitalize on potential trading opportunities.

Also read: Clover Health Stock forecast 2025 | Stockforecastwhiz

#7. Oracle

Oracle (ORCL) is one of the 7 top stocks to watch out for in 2024. As an enterprise software company, Oracle has been making waves in the market with its record $80 billion order backlog reported in March CEO Safra Catz highlighted the company’s growth in cloud infrastructure contracts, setting a high bar for the upcoming fiscal 2024 fourth-quarter and full-year results expected to be reported in mid-July.

Investors will be closely watching for evidence of the backlog being converted into revenue, as well as signs of continued demand for artificial intelligence products. With double-digit revenue growth in Oracle’s cloud business last quarter, the company is positioned for potential growth and success in the market.

As major indices show strength, leading to more plays in the cheap stock niche, Oracle stands out as a strong contender for investors looking for long-term success.

Keep an eye on Oracle as it navigates through the ever-changing market landscape and continues to innovate in the technology sector.With its position as a leading enterprise software company, Oracle has built a reputation for providing reliable and innovative solutions to businesses across various industries.

As major stock market indices show strength, there is an increased focus on cheap stock, and Oracle stands out as strong contender for investors seeking long-term success. Oracle’s strong position in the market is bolstered by its record $80 billion order backlog reported in March, a clear sign of the company’s ability to attract and retain customers. This backlog represents a significant revenue potential that investors will be eagerly watching the company’s fourth-quarter and full-year results are set to be reported in mid-July.

Additionally, investors will be closely monitoring Oracle’s performance in the cloud infrastructure sector. With the increasing adoption of cloud technologies, Oracle’s ability to maintain and expand its market share in this sector will be critical to its long-term success. The company’s double-digit revenue growth in its cloud business last quarter is a positive sign and indicates that Oracle is well-positioned to capitalize on the ongoing demand for cloud services.

Another aspect to consider is Oracle’s commitment to innovation. The company has been investing heavily in developing and improving its artificial intelligence (AI) products. The market for AI solutions is growing rapidly

One key factor to watch for is the conversion of this backlog into actual revenue. The market will be looking for evidence that Oracle can effectively monetize its backlog and generate sustainable growth. The company’s success in converting these orders into revenue will be a strong indicator of its ability to meet customer demand and drive future growth.

One of the key factors that make Oracle an attractive investment option is its record-breaking $80 billion order backlog reported in March. This indicates a strong demand for the company’s products and services, particularly in the cloud infrastructure segment. Investors will be closely watching as Oracle converts this backlog into revenue, which will be reflected in its upcoming fiscal 2024 fourth-quarter and full-year results, expected to be reported in mid-July.

Furthermore, Oracle’s focus on artificial intelligence (AI) products is also a notable point of interest. The company has been investing heavily in AI-related technologies and applications, showcasing its commitment to staying at the forefront of technological advancements. With continued demand for AI solutions across industries, Oracle has positioned itself for potential growth and success in the market.

As the technology sector continues to evolve, Oracle’s ability to navigate through the ever-changing market landscape is crucial. The company’s track record of innovation and its history of adapting to market trends make it.

Also read: Clover Health Stock forecast 2025 | Stockforecastwhiz

Disclaimer

The information presented here is for general informational purposes only. It is not intended as solicitation, recommendation, or endorsement for any financial or investment decisions. Before making investment choices, seek independent professional advice in legal, financial, and fiscal matters.