New investors should focus on buying high-quality stocks of recognizable companies with sound financial fundamentals and easy-to-understand business models. They should start small but aspire for bigger profits while carefully investing. Even though losses are imminent for all traders, new traders tend to get emotional or impulsive in fear of losses. Therefore, it’s always better to be prepared for losses and to learn from losses to avoid making these mistakes in the future. Always do your research and not just blindly follow brokers and market analysts.
Here is a list of Best Stocks for Beginners & New Traders in 2024
| Sr # | Company Name | Symbol | Price (As of 20th Sept 2024) | Market Cap |
| 1 | Comcast | CMCSA | $ 40.11 | $ 155.326 billion |
| 2 | UnitedHealth | UNH | $ 575 | $ 530.965 billion |
| 3 | Salesforce | CRM | $ 266.8 | $ 255.061 billion |
| 4 | UiPath | PATH | $ 12.49 | $ 6.869 billion |
| 5 | Taiwan Semiconductor | TSM | $ 174.08 | $ 902.8 billion |
Comcast
Comcast Corporation is a global media and technology company. From the connectivity and platforms, we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences.
Also read: Top Information Technology Stocks
Comcast Corporation recently reported its financial results for the quarter ended June 30, 2024:
- Revenue was reported at $ 29.688 billion as compared to $ 30.512 billion during the same period last year, representing a 2.75 % decline.
- Net Income was reported at $ 4.735 billion as compared to $ 4.712 billion during the same period last year, representing a 0.2 % increase.
- Earnings per share was reported at $ 1 as compared to $ 1.03 during the same period last year, representing a 1.3 % decline.
The below chart shows the stock performance of Comcast for the past 12 months. The stock is seen to observe multiple dips and peaks throughout this period. The stock kicked off the year 2024 at $ 43.85 and continued with a bullish trend. The stock peaked at $ 46.73 and then started to decline. The declining trend continued till the stock dropped to $ 36.43. From here the stock recovered a bit and last closed at $ 40.11. The stock’s year-to-date performance shows a 9.3 % decline during the year.
UnitedHealth
UnitedHealth Group (NYSE: UNH) is a healthcare and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners, and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the healthcare experience, and delivering access to high-quality care.
Also read: Best Healthcare Stocks to Watch Out For
UnitedHealth Group reported second-quarter 2024 results reflecting broad-based growth at Optum and UnitedHealthcare. The results are:
- Second quarter 2024 revenues were reported at $ 98.9 billion, an increase of $ 6 billion led by strong expansion in people served domestically at Optum and UnitedHealthcare.
- Second-quarter earnings from operations were reported at $ 7.9 billion, including $ 1.1 billion in unfavorable cyberattack effects.
The below chart shows the stock performance of United Health for the past 12 months. The stock kicked off the year 2024 at a price of $ 526.5. The stock picked up a bearish trend and continued to decline till it dropped to $ 439.2 in April. From here on the stock started to recover and continued to rise till it peaked at $ 604.2. The stock last closed at $ 575. The stock’s year-to-date performance shows a 9.3 % appreciation.
Salesforce
Salesforce is the world’s #1 AI customer relationship management (CRM) platform with more than 150,000 companies using our cloud-based software. Salesforce Customer 360, our complete suite of products, unites every team—sales, service, marketing, commerce, and IT — with Data + AI + CRM + Trust to help them connect with customers in a whole new way.
Salesforce the #1 AI CRM, today announced results for its second quarter fiscal 2025 ended July 31, 2024:
Revenue was reported at $ 9.33 Billion, as compared to $ 8.6 billion during the same period last year, representing an increase of 8 % on a year-over-year basis.
- Income from Operations was reported at $ 1.783 Billion, as compared to $ 1.476 billion during the same period last year, representing an increase of 21 % on a year-over-year basis.
- Net Income was reported at $ 1.429 billion, as compared to $ 1.267 billion during the same period last year representing an increase of 12.8 % on a year-over-year basis.
- Earnings per share was reported a $ 1.48 as compared to $ 1.30 during the same period last year representing an increase of 13.8 % on a year-over-year basis.
The below chart shows the stock performance of Salesforce for the past 12 months. The stock maintained a bullish run at the start. After hitting the peak of $ 316.88, the stock changed its course and started to decline. The stock suffered a huge blow in June when it dropped to the low of $ 218. From here on the stock recovered and last closed at $ 266.8. The stock’s year-to-date performance shows a 1.2 % appreciation.
UiPath
UiPath is on a mission to uplevel knowledge work so more people can work more creatively, collaboratively, and strategically. The AI-powered UiPath Business Automation Platform combines the leading robotic process automation (RPA) solution with a full suite of capabilities to understand, automate, and operate end-to-end processes, offering unprecedented time-to-value. For organizations that need to evolve to survive and thrive through increasingly changing times, UiPath is The Foundation of Innovation.
Also check out this list of best Artificial Intelligence (AI) Stocks
UiPath, Inc. a leading enterprise automation and AI software company, today announced financial results for its second quarter fiscal 2025 ended July 31, 2024.
- Revenue was reported at $ 316 million, as compared to $ 287.31 million during the same period last year, an increase of 10 percent year-over-year.
- Gross Profit was reported at $ 253 million, as compared to $ 238 million during the same period last year, an increase of 6 percent year-over-year.
- Net Loss was reported at $ 86 million, as compared to $ 60.4 million during the same period last year.
The below chart shows the stock performance of UiPath for the past 12 months. The stock is seen to experience a huge drop in the second half of the year 2024. The stock kicked off the year 2024 for $ 24.84. The stock maintained its price for the next few months, with multiple dips and peaks. But eventually, in April the stock started its downward trend and continued to decline till it dropped to the lows of $ 10.12. From here the stock recovered slightly and last closed at $ 12.49.
Taiwan Semiconductor
TSMC pioneered the pure-play foundry business model when it was founded in 1987 and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
Also read: Best Semiconductor Stocks to Invest in
TSMC deployed 288 distinct process technologies and manufactured 11,895 products for 528 customers in 2023 by providing the broadest range of advanced, specialty, and advanced packaging technology services.
- Revenue was reported at $ 20.82 billion, which increased 32.8 % year-over-year Gross margin was reported at 53.2 %,
- Income from Operations was reported at $ 8.859 billion
- Net Income was reported at $ 7.657 billion
- Earnings per share was reported at $ 0.3.
The below chart shows the stock performance of Comcast for the past 12 months. The stock has been on a continuous bullish run during this period. The stock kicked off the year 2024 for $ 104. It continued to rise till it peaked at $ 191.05 in July. Here the stock pulled back a little and the stock last closed at $ 174.08. Overall the stock’s year-to-date performance shows a 67.4 % appreciation.
CONCLUSION
Investors should avoid extremely volatile stocks. These stocks are highly unpredictable and can go down anytime without any reason. Also, beginner traders should avoid penny stocks; while they may seem lucrative in terms of investment and return they are highly risky and not recommended for beginners. The best stocks for beginners are high-quality stocks of companies that have recognizable brands and products and sound financial fundamentals.
Back
