Stocks

Wall Street Mid-year Review & Outlook: Top Stocks to Watch

Published June 25, 2024

The first half of the year has been a rollercoaster for Wall Street, with significant events shaping the financial landscape. As we move into the second half of the year, we reflect on the developments that have made headlines and will continue to influence markets. Additionally, attention is drawn towards certain stocks that have the potential to be of particular interest to investors in the ensuing months. Among these are key players in the technology sector, namely MSFT, NVDA, and AAPL.

Microsoft Corporation MSFT

As an American multinational technology titan, Microsoft Corporation has maintained a solid presence in software, electronics, and services. Renowned for the Microsoft Windows operating systems, the Office suite, and browser technologies like Internet Explorer and Edge, Microsoft's reach extends to the gaming industry with Xbox and to innovative hardware via the Surface computers. Ranking at No. 21 in the Fortune 500 list of 2020 and as the globe's leading software maker by revenue as of 2016, it stands as a cornerstone among the Big Five in U.S. IT, alongside Google, Apple, Amazon, and Facebook.

Nvidia Corporation NVDA

Nvidia Corporation has cemented its status as a prominent multinational tech company, headquartered in Santa Clara, California. Specializing in GPUs for varying markets, from gaming enthusiasts to professional consumers, and SoCs for mobile and automotive applications, Nvidia's innovation drives the high-performance computing sector. Its contribution to the advancement of graphics technology continues to impact the tech ecosystem profoundly.

Apple Inc. AAPL

Apple Inc., a global leader in technology, offers a sweeping range of consumer electronics, software, and online services. With the highest revenue figure in the tech industry in 2020, Apple has achieved unparalleled success and valuation. It is among the top PC and smartphone manufacturers worldwide and, like Microsoft, is part of the influential Big Five tech conglomerates in America. Their continuous growth and market presence make them key subjects of investor consideration.

Looking Forward: Trends and Predictions

The remainder of the year appears poised for persistent activity within the tech industry, with MSFT, NVDA, and AAPL likely continuing to dominate discussions and investment considerations on Wall Street. Investors will be closely monitoring these companies’ performances as they navigate through an evolving economic landscape, technological advancements, and consumer trends.

investment, technology, stocks