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The Fabulous Fortune Five: Companies on Nasdaq That Could Catapult Your Wealth.

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For those with visions of wealth without the grind, the allure of striking it rich is a shared dream. Many have amassed fortunes through the stock market, showcasing that with strategic investments, soaring wealth is within reach. While instant riches are a myth, long-term investments in the right stocks can potentially lead to astronomical gains. These Nasdaq giants have the power to fuel significant growth over time.

To join the ranks of the wealthy, one must ride the market waves, staying invested during highs and lows. While these stocks don’t come cheap, their track record speaks volumes. Each is a major player, boasting a sturdy global presence, robust financials, and the ability to propel upward momentum. Let’s delve into these potential wealth generators.

The Mighty Amazon (AMZN)

An image on the Amazon logo on a phone, held in front of a stock chart to represent Amazon stock

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trading at their 52-week peak, Amazon (NASDAQ:AMZN) stands as a top contender for potential wealth creation in the years ahead. With shares skyrocketing from $149 in January to $180 today, Amazon’s upward trajectory shows no signs of abating. As a global e-commerce behemoth, Amazon continues to expand its market share worldwide.

Beyond its e-commerce stronghold, Amazon’s revenue streams from cloud services and advertising remain robust. Recent fourth-quarter results displayed a healthy balance sheet, with advertising emerging as a revenue powerhouse. The company stands primed for a future surge as the economy rebounds, drawing increased ad spending to Amazon’s platform.

Bolstering its tech prowess, Amazon’s investments in artificial intelligence are yielding dividends. The recent acquisition of Anthropic underscores its commitment to enhancing generative AI technology, ensuring an unrivaled consumer experience.

The Indomitable Microsoft (MSFT)

The Microsoft logo outside a building representing MSFT stock.

Source: Asif Islam / Shutterstock.com

Tech titan Microsoft (NASDAQ:MSFT) stands among the tech elite, a stalwart choice for investors. Strategic investments in OpenAI and integration of AI technology across its products have turbocharged revenue growth. Microsoft’s cloud services now dominate its revenue streams, with imminent plans to roll out AI for cybersecurity professionals from April 1.

Boasting financial solidity, Microsoft remains committed to rewarding shareholders, evident in its 0.71% dividend yield. Priced at $420, MSFT shares have surged by 13% YTD and a whopping 49% year-over-year, reflecting its status as a reliable investment.

The Visionary Nvidia (NVDA)

Nvidia logo seen on smartphone which is placed on a pile of US dollar bills. Concept. Selective focus. Stocks to buy like Nvidia

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While early investors in Nvidia (NASDAQ:NVDA) have reaped fortunes, latecomers still have a shot at substantial gains. The surge in demand for AI chips, coupled with market imbalances, ensures Nvidia’s continued growth trajectory. The launch of a cutting-edge chip heralded as the “world’s most powerful AI chip” is poised to drive revenue to unprecedented heights.

Priced at $903, NVDA stock has surged by 87% YTD and an extraordinary 234% over the past year. Nvidia’s potential transcends AI chips, with industry-defining graphics processing units and a dominant gaming sector presence.

Backed by visionary leadership and pioneering AI advancements, Nvidia remains unparalleled in its field, setting a formidable benchmark that competitors struggle to match.

The Unstoppable Alphabet (GOOG, GOOGL)

Alphabet Inc. (GOOG, GOOGL) and Google logos seen displayed on a smartphone

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Scaling new heights, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) ranks among the ‘Magnificent Seven’ stocks warranting attention. With a storied legacy, global reach, and revenue-generating segments, Alphabet emerges as a premier stock pick. Profits from YouTube and Google Search anchor its financial success, with Google Search standing unrivaled in the industry.

Firmly entrenched in the AI domain, Alphabet’s Cloud division thrives despite temporary ad revenue setbacks due to inflationary pressures. A prospective partnership with Apple (NASDAQ:AAPL), wherein Apple may license Alphabet’s Google Gemini platform for its next iPhone, promises a potential upswing for GOOG stock.

Currently priced at $155, Alphabet offers an enticing valuation, up 9% YTD. A stalwart survivor amidst market volatilities, Alphabet’s dominance in the tech landscape remains unassailable.

The Iconic Apple (AAPL)

An image of a building with the Apple logo on it, a pink sunset in the background

Source: askarim / Shutterstock

Renowned for its iconic iPhones, Apple weathered tribulations in 2023, witnessing sales slumps and stock declines. However, a resurgence is underway, with rumors swirling around Apple’s foray into an AI-centric phone. Priced at $171, AAPL shares have dipped by 7% YTD, presenting an opportune moment to secure ownership.

European Commission fines and waning phone sales in China caused Apple’s recent stock slide. Yet, brand devotion and loyalty remain compelling reasons to bet on Apple. Customer stickiness to Apple products offers a competitive advantage that few rivals can match.

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