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2 High-Potential Stocks to Buy Before It’s Too Late

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The U.S. stock market has exhibited strong resilience in the year 2024, despite facing fluctuations and pressures. The S&P 500 index has managed to deliver a return of 7.5% so far this year after a remarkable performance in 2023. Even though concerns about a potential pullback due to high interest rates and geopolitical risks have started to arise among investors, there are still opportunities for making profits in the market. Long-term investors can consider investing in growth stocks such as Broadcom and Nu Holdings, which are backed by solid fundamental growth and are riding strong secular trends, offering the potential to build wealth gradually.

Broadcom, a leading provider of high-speed networking solutions, reported strong financial results in the recent quarter, exceeding consensus estimates for revenue and earnings. The company is witnessing a surge in demand for its AI-optimized accelerators and networking components, with AI revenue quadrupling year over year. The acquisition of VMware has also played a crucial role in bolstering Broadcom’s infrastructure software revenue, indicating a promising growth trajectory in the future. While Broadcom’s price-to-sales ratio may seem high compared to historical averages, the company’s positive outlook and market positioning make it an attractive long-term investment option.

On the other hand, Nu Holdings, an all-digital bank operating in Latin American markets, presents a unique opportunity for investors. With a growing customer base and a focus on cross-selling and upselling to existing customers, Nu Holdings has seen substantial revenue and net income growth in recent quarters. The company’s strategic plans for scaling up lending and expanding its market presence in 2024, combined with its low valuation compared to expected revenue growth, make Nu Holdings an appealing investment choice.

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