Recommendations for 6 month investment in which of the top 20 stocks

Based on the latest information available as of June 11, 2024, here are some recommendations for a 6-month investment in the top 20 stocks:

Top 20 Best-Performing Stocks (June 2024)

Here are some of the best-performing stocks for June 2024, which could be suitable for a 6-month investment:

1. Microsoft (MSFT)
   • Performance: Microsoft continues to show strong growth, driven by its cloud services and AI investments. The stock is currently trading at a 6% discount relative to its fair value estimate of $435 1.
   • Recommendation: Given its robust financial health and growth prospects, Microsoft is a solid choice for a 6-month investment.
2. Amazon (AMZN)
   • Performance: Amazon has shown strong earnings growth, with EPS estimates for 2024 at $6.11 and a P/E ratio of 25.4 2.
   • Recommendation: Amazon’s diversified business model and strong market position make it a good candidate for short-term investment.
3. Walmart (WMT)
   • Performance: Walmart is growing its sales and market share, particularly among higher-income households. It has a bright earnings outlook for 2024 3.
   • Recommendation: Walmart’s stability and growth potential make it a reliable option for a 6-month investment.
4. ServiceNow (NOW)
   • Performance: ServiceNow is trading at a 10% discount and has shown strong profitability and customer retention 1.
   • Recommendation: ServiceNow’s consistent performance and market position make it a good short-term investment.
5. RELX (RELX)
   • Performance: RELX is a global provider of business information and analytics, trading at an 8% discount relative to its fair value estimate 1.
   • Recommendation: RELX’s stable revenue growth and low-uncertainty business model make it a solid choice for a 6-month investment.
6. Taiwan Semiconductor Manufacturing (TSM)
   • Performance: TSM is one of the best growth stocks, benefiting from its leading position in the semiconductor industry 1.
   • Recommendation: Given the ongoing demand for semiconductors, TSM is a strong candidate for short-term investment.

High-Dividend Stocks (June 2024)

For those looking for income along with growth, consider these high-dividend stocks:

1. Schlumberger (SLB)
   • Performance: Schlumberger has a P/E ratio of 13.5 and is expected to perform well in the energy sector 2.
   • Recommendation: Its strong dividend yield and growth prospects make it a good choice for a 6-month investment.
2. Merck & Co. (MRK)
   • Performance: Merck has a P/E ratio of 13.1 and strong earnings estimates for 2024 2.
   • Recommendation: Merck’s stable dividend and growth potential make it a reliable option for short-term investment.
3. Union Pacific (UNP)
   • Performance: Union Pacific has a P/E ratio of 20.4 and strong earnings estimates for 2024 2.
   • Recommendation: Its consistent performance and dividend yield make it a solid choice for a 6-month investment.

Summary

For a 6-month investment, consider the following stocks based on their recent performance and growth prospects:

• Microsoft (MSFT)
• Amazon (AMZN)
• Walmart (WMT)
• ServiceNow (NOW)
• RELX (RELX)
• Taiwan Semiconductor Manufacturing (TSM)
• Schlumberger (SLB)
• Merck & Co. (MRK)
• Union Pacific (UNP)

These stocks offer a mix of growth and stability, making them suitable for a short-term investment horizon.

References:

• 4: Top 20 Best-Performing Stocks: June 2024 – NerdWallet
• 5: Top 20 High-Dividend Stocks for June 2024 and How to Invest
• 1: 10 Best Growth Stocks to Buy for the Long Term | Morningstar
• 3: The Best Stocks to Invest $50,000 in Right Now
• 2: Citi’s top 20 large-cap recommendation list