This year’s stock market is heating up like a simmering pot of stew on the verge of boiling over. We’re witnessing a thrilling tale of stocks on the verge of leap-frogging, a game of financial hopscotch that’s as exhilarating as seeing a gymnast stick a high-flying dismount. As we approach the close of 2023, a trio of highly-ranked stocks stand poised to flex their muscle and sprint to dizzying new heights. Strap in and let’s take a whirlwind tour of the stocks that could make your wallet bulge with holiday cheer.
Royal Caribbean: Setting Sail into Prosperity
Picture this: Royal Caribbean—the famed cruise operator—navigating a triumphant comeback from the abyss of pandemic woes. The evidence? Annual earnings expected to jolt to $6.59 per share from last year’s jaw-dropping $7.50 loss. What a fearless leap of 37% EPS growth on the horizon! And that’s not all, folks—2024’s earnings couch-potato projections of $9.05 a share are a mere 5% shy of the pre-pandemic glory of $9.54 a share. As you’d expect, Royal Caribbean’s stock has skyrocketed, marking a heart-pounding ascent of +139% this year, hitting the stratosphere at the altitude of 52-week highs of $119 a share.
In the stock market arena, they’re not just setting sail, they’re breaking waves!
JPMorgan Chase: Fueling Financial Fireworks
Straight from the Senate Committee on Banking, Housing, and Urban Affairs, whispers of CEO Jamie Dimon’s verbal dexterity have set Wall Street abuzz. Approaching just 2% from its peak altitude of $159 a share, JPMorgan’s stock is bolstered by a solid +16% YTD surge. This pioneer’s annual EPS estimates for 2023 and FY24 have been on a gleeful rollercoaster ride, sloping upward for the last 60 days. What’s more, the stock—currently trading at a modest 9.3X forward earnings multiple— proves to be a champion with a generous 2.6% annual dividend yield.
For JPMorgan, the financial sky seems to have no limits; they’re in it to win it!
FirstCash: Unearthing Glittering Returns
Imagine FirstCash Holdings, embarking on a thrilling treasure hunt, steadily unearthing the sparkling joy of steady growth. Today’s trading session saw them scratching 52-week highs of $115, but it’s just the tip of the iceberg. The company’s fiscal voyage offers a 13% EPS growth this year and a exhilarating 22% climb in FY24 to a handsome $7.15 a share. This guarantees an eye-popping 137% spurt in the last five years. Their epic climb is mirrored in sales, projected to expand 16% in FY23, and an 8% further ascent next year to a delightful $3.4 billion. And while on this exhilarating journey, investors have relished a euphoric +65% joy ride over the last three years, accompanied by a tantalizing +30% YTD surge, all while handing investors a gentle 1.23% annual dividend yield.
FirstCash—the name says it all. They’re the pioneers, the bold explorers in the land of financial treasure hunts!
Conclusion: The High-Flying Finale
These three contenders—Royal Caribbean, JPMorgan, and FirstCash—are all poised to skyrocket as the curtain falls. As solid investments for 2023 and beyond, the time to hop on their electrifying bandwagon is now. With all three on the cusp of higher 52-week highs, it’s like witnessing a triumphant finale at a fireworks show, where each stock flashes with astonishing brilliance. As the markets catapult toward a year-end rally, don’t miss out on these potential diamonds in the rough; these stocks are about to make some serious noise, and you won’t want to sit on the sidelines for this wild ride!
And hey, let’s not forget the ChatGPT “Sleeper” Stock—Zacks’ special treat that’s part of the explosive AI sector. With an economic impact predicted to rival that of the internet and iPhone, this could be the sleeping giant that’s waiting to stir awake. Oh, boy—what a delightful bonus report!
It’s like receiving a box of scrumptious chocolates, only better! And while you’re at it, why not check out the latest recommendations from Zacks Investment Research? There’s a smorgasbord of seven best stocks waiting for you, like a tantalizing buffet where you can pick and choose your favorites. The markets are sizzling, and it’s time to fill your plate!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.