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You Should Consider These 16 High Performing Stocks If You Want To Get Rich Without Getting Lucky

Added 2024-02-11 15:13:02 +0000 UTC

If you're not into picking stocks and prefer simplicity, just keep investing in the S&P 500 and ignore this post.

But if you're into picking individual stocks, I've got some recommendations I've been watching over the past 3-4 months that could be great for your portfolio.

I picked some stocks a few months ago that have been doing really well.

https://www.patreon.com/posts/92587947?utm_campaign=postshare_creator

If you had invested at that time, you would seen an 11% total return on your investment rate so far.

I'm confident they will continue to perform well.

Right now, I'm not invested in any of them because as mentioned many times, I'm in a season of putting all my money back into my business. But if I were actively investing, I'd put money into each of them for the next 1.5 years and watch their performance. Depending on how they do, I might keep investing for up to 3 - 5 years.

I'm confident in these stocks, but remember, don't just invest because I said so. Do your own research first. (Common sense)

Obviously throwing a tiny amount of cash into it will not make you rich but it will provide you a good return based of what you are putting in, the more fuel you add, the bigger the fire will be.

Here are the stocks, in no particular order:

Taiwan semiconductor manufacturing (TSM)
Advanced Micro devices (AMD)
Qualcomm (QCOM)
Unity Software (U)
ON Semiconductor (ON)
Micron Technology (MU)
Novo Nordisk (NOV)
Symbotic (SYM)
Roblox (RBLX)
Autodesk (ADSK)
Intel (INTC)
Palo Alto Networks (PANW)
Fortinet (FTNT)
UiPath (PATH)
ASML (ASML)
Palantir (PLTR)

Below Is A Detailed Explanations Of Why I Believe In Them

Taiwan semiconductor manufacturing (TSMC)

Growth for the past 3 Months = 36.62%

TSMC is basically a giant factory for computer chips. They don't design the chips themselves but make them for companies that do. Imagine someone who bakes wedding cakes but doesn't design them; they just bring designs to life. That's TSMC but with electronic chips used in everything from phones to cars.

Why I Believe TSMC a Good Investment?

Leader in Its Field: TSMC is the top company in making chips. They were the first of their kind when they started and have stayed at the front, making the most advanced chips out there.

Impressive Client List: Big names like AMD, Apple, and Qualcomm rely on TSMC to produce their chips. This means TSMC is behind many of the electronic devices we use every day.

Technological Edge: They're ahead in the race to make chips smaller, faster, and more efficient. TSMC was the first to mass-produce chips at the '5-nanometer scale', used in the latest phones and computers.

Financial Strength: TSMC is financially solid, with a strong balance sheet and a high return on invested money, this shows they're not just making money; they're also making smart decisions with that money.

Investing in TSMC is like investing in a company that's a crucial part of the tech industry's backbone. They make the important and necessary parts that power a huge range of technology, from your phone to the servers running the internet. Plus, their technological advancements and financial health suggest they're well-positioned for the future.

Advanced Micro devices (AMD)

Growth for the past 3 Months = 45.44%

What Does AMD Do?
AMD is a big name in the computer world. AMD is like the brain behind many computers and gaming systems.

They make the CPUs (central processing units) and GPUs (graphics processing units) that help your computer think and show you the cool graphics.

Whether you're gaming, working, or just browsing the internet, AMD's chips are working hard behind the scenes.

Why AMD Is a Big Deal:

Competition: AMD is one of the top competitors to in making CPUs. They've been making chips that many gamers and PC professionals love because they offer great performance without burning a hole in your wallet.

Innovation: They're always coming up with new tech to make computers faster and graphics more realistic. AMD is now pushing into AI and gaming, showing they're not just about PCs anymore.

Growth: AMD has been growing a lot, making more money and becoming a bigger name in the tech world. Their chips are in high demand, which means they're doing something right.

AMD's Role in Tech:
AMD is making sure that whether you're playing the latest games, working on intense graphic design projects, or just watching movies, the experience is smooth and impressive. They're a key player in making the digital world look and run better

Qualcomm (QCOM)

Growth for the past 3 Months = 21.58%

Qualcomm are the heartbeat of wireless tech.

What Qualcomm Does:
Imagine your phone is like a car. Qualcomm makes the engine and the parts that let it communicate with other "cars" and "roads" (networks and devices).

They create chips and software that power your phone's connection to the internet, calls, and texts. Basically, Qualcomm is a big reason your smartphone is "smart" and can do all the cool things like browsing and streaming.

Why Qualcomm Stands Out To Me:

5G Pioneer: Just like inventors in history who changed the world, Qualcomm is leading the charge into the new era of 5G – the super-fast internet that's changing how we use our devices. They hold key patents, which means they've invented essential parts of the technology and get to decide how it's used.

Diverse Tech: Qualcomm's tech isn't just in phones; it's in cars, smart home devices, and even drones. They're everywhere in the wireless world, making them a giant in the tech industry

Strong Finances: With billions in revenue and a strong global presence, Qualcomm is not just a tech innovator but also a financial powerhouse. Their success in the market shows they're doing a lot right.

Qualcomm is the heartbeat of wireless tech, making sure everything in the wireless world runs smoothly and quickly.

They're pushing the boundaries of what our devices can do, especially with the advent of 5G technology. As we move more into an interconnected world, Qualcomm's innovations are set to play a pivotal role in shaping the future of communication

Unity Software (U)

Growth for the past 3 Months = 25.35%

What Unity Software Does:
It's a platform where game developers and creators from various industries can build everything from simple mobile games to complex virtual reality experiences.

Unity gives you the tools to create, operate, and monetise 2D, 3D, VR, and AR experiences for a wide range of devices including phones, tablets, PCs, and consoles.

This platform is the backbone for developing games, educational apps, architectural visualisations, and much more, making it possible to deploy across more than 20 platforms including mobile, PCs, and consoles

With the rise of Virtual Reality headsets, many developers will find Unity's flexible environment perfectly suited to crafting the next generation of VR content.

The platform's support for a wide range of VR devices makes it an invaluable asset for those looking to push the boundaries of virtual worlds.

ON Semiconductor (ON)

Growth for the past 3 Months = 19.92%

Imagine a company that's all about making things work better while using less power. That's ON Semiconductor for you.

They're in the business of making chips that go into all sorts of gadgets to help them run efficiently. Whether it's cars, industrial machines, or even medical devices, ON Semiconductor's chips are there, making sure everything runs smoothly with as little energy waste as possible.

Why I Like It:

Energy Savers: In a world that's all about being green and saving energy, ON Semiconductor is a hero. They focus on making chips that don't just do their job well but also do it in a way that uses less power.

Everywhere You Look: Their chips are in a bunch of stuff. Cars that are getting smarter, factories that are becoming more automated, and even in devices that doctors use to diagnose illnesses — ON Semiconductor's tech is behind the scenes in more places than you might think.

This company is like the brain behind making modern technology smarter and more energy-efficient.

Micron Technology (MU)

Growth for the past 3 Months = 13.54%

What Micron Technology Does:
Think of Micron as a company that makes the brains for your gadgets. They specialise in creating the memory and storage parts that help your phone, computer, and even cars remember things and process information quickly. They're behind the scenes in a lot of the tech you use every day.

They are all about making devices smarter and faster. They're the ones coming up with new ways to store more photos, songs, and apps on your phone without making it slow.

Think of this as the big filing cabinet in your computer or phone. Micron makes these super efficient so you can store a lot without running out of space.

They're a big deal in making sure the tech you love works smoothly and quickly.

Novo Nordisk (NOV)

Growth for the past 3 Months = 20.32%

What Novo Nordisk Does:
Imagine a company that's super focused on fighting diabetes, obesity, and some rare diseases. That's Novo Nordisk for you.

They're really into making medicines to help people with these conditions live better lives. They've been around since 1923, starting in Denmark, and now they're a big deal worldwide

Why Novo Nordisk Is Important:

Focus on Serious Health Issues: They're all about tackling some tough health challenges. Diabetes and obesity are huge problems around the world, and Novo Nordisk is leading the charge in finding better treatments.

Innovative Treatments: They don't just stick to old methods - they're always looking for new and better ways to treat these diseases. They've even got smart insulin pens and apps to help people manage their diabetes more effectively.

Making a Difference Beyond Medicine:

They've got a big heart for the environment and global health, being named the most sustainable company at one point. Plus, they've set up a foundation to help fight diabetes in developing countries.

Symbotic (SYM)

Growth for the past 3 Months = 48.90%

They use smart robots and computer brains (AI) to make storing and moving stuff in big warehouses super efficient. Instead of people walking around to pick up products, Symbotic's robots do it really fast, making sure everything goes smoothly from storage to shipping.

Why Symbotic Is Good:

Smart Robots: Their robots can pick and move things around without bumping into stuff or getting tired. It's like having a super smart helper in the warehouse that doesn't need any breaks.

Faster Work: With Symbotic's system, warehouses can get your online orders packed and sent out quicker than ever. This means your stuff arrives at your house faster.

Less Mistakes: Their AI is really good at figuring out the best way to store and ship things, which means fewer mix-ups with orders.

Big Picture:
Symbotic is making warehouses smarter, so companies can send you what you bought online faster and without messing up your order. They're all about using tech to make things work better behind the scenes.

Roblox (RBLX)

Growth for the past 3 Months = 15.63%

What Is Roblox?
Roblox is a huge online place where you can play games made by other people or make your own games. It's like a virtual Lego land where you can jump into adventures, build stuff, and hang out with friends from all over the world.

Why People Love Roblox:

Make Your Own Games: You get tools to create your own games. If you can dream it, you can build it here.

Play Anywhere: You can play Roblox on almost any device, like computers, phones, and game consoles. So, you can keep playing your favorite games no matter where you are.

Meet Tons of People: There are millions of games on Roblox because lots of people keep making new ones. This means you can always find something new and fun to do.

Autodesk (ADSK)

Growth for the past 3 Months = 26.65%

What Is Autodesk?
Autodesk is a company that makes software for people who build or create things. They're behind 'AutoCAD', a tool architects and engineers use to design everything from houses to gadgets.

Why Autodesk is a Big Deal:

Versatile Tools: Whether you’re an architect, engineer, or animator, Autodesk has something for you.

Global Reach: Their software is used all over the world to design almost everything.

Intel (INTC)

Growth for the past 3 Months = 11.45%

What Intel Does:
Intel crafts the brains of your computer and many smart devices.

They're behind the microprocessors that power everything from PCs to the servers that run the internet. It's like Intel's chips are the digital world's heartbeat, keeping everything from your laptop to servers running smoothly.

Big Picture:
Intel is crucial in making technology work seamlessly, powering everything from personal gadgets to massive data centres. They're a key player in driving the tech that's important to our daily lives

Palo Alto Networks (PANW)

Growth for the past 3 Months = 48.67%

Palo Alto Networks is like a digital bodyguard for the internet, making sure bad people can't steal or mess with your online stuff.

Imagine a world where your digital life is guarded by an elite digital security team. That's Palo Alto Networks. They're the tech geniuses making sure cyber threats don't stand a chance against you. They're like the digital police force, patrolling and protecting everything from your emails to your cloud storage from hackers.

Why I Like It:

Tech Everywhere: Their security isn't just for one thing; it's everywhere. Businesses, hospitals, schools, you name it. If it's connected to the internet, Palo Alto Networks is there, making sure it's safe.

Innovation Leaders: They're not just sitting back; they're constantly acquiring new tech and pushing boundaries to ensure they offer the most robust digital security out there.

Companies like this are a necessity in our digital age.

Fortinet (FTNT)

Growth for the past 3 Months = 38.61%

This is another Cybersecurity company. They create tools to protect computers and networks from bad stuff like hackers and viruses.

They make a bunch of different products, including 'FortiGate', which helps keep networks safe, and other tools for secure internet use, stopping spam emails, and more. T

They then sell these tools all over the world to businesses in many fields, like government, schools, and hospitals.

Their main goal is to make the internet a safer place for everyone, from big companies to regular users.

Again, companies like this are a necessity in our digital age.

UiPath (PATH)

Growth for the past 3 Months = 52.22%

They're the forefront of anything related to automation, developing software that takes over the boring and repetitive tasks usually done by humans on their computers.

This includes anything from data entry and processing to managing customer interactions and back-end operations.

Their technology, which combines AI with practical tools, is designed to streamline these processes, making businesses more efficient and freeing up people to focus on more complex, strategic tasks.

Simple Breakdown:

Automation Pioneer: Excels in robotic process automation (RPA), creating robots that can do repetitive tasks across various industries, making it a key player in enhancing workplace productivity.

Innovative Platform: With a suite of tools that enable both coders and non-coders to build and deploy automation, making it easier for businesses to implement and benefit from automation.

Global Impact: Serving clients worldwide in sectors like banking, healthcare, and government, their solutions are globally recognised for their ability to protect against inefficiency and process redundancy.

ASML (ASML)

Growth for the past 3 Months = 43.60%

ASML is like the big boss in the world of making super tiny and smart parts for electronics like phones and computers.

They're super good at creating special machines that help make these tiny parts.

Imagine using a super-powerful flashlight that can draw on a grain of sand. That's kind of what ASML's machines do, but for chips.

They're the Only Ones Doing It: This is the only company in the world that makes this special kind of flashlight, called 'EUV lithography', which is super important for making the most important parts of your phone and computer even smarter and smaller.

Everywhere and Everything: They're a big deal everywhere, not just in one place. Their smart machines are used all over the world to make all the electronic stuff we love

They're Doing Really Well: Because their machines are so special and everyone needs them, ASML is making a lot of money and is very important for making our gadgets better and better.

Palantir (PLTR)

Growth for the past 3 Months = 23.95%

This is another Cyber Security software company.

It is like a super smart computer program that helps find secrets hidden in a lot of information. It's used by people who fight crime and companies to make better choices by understanding big puzzles of data.

Conclusion

These 16 stocks have a total combined growth of 735% within the last 3 months. I am confident that they will continue to keep performing well for the year of 2024.

If you was unaware of them, now you know and it's something you should highly consider if you are in a season of investing and growing your money.

I cannot tell you when you should sell your stocks, that is a decision only you can make.

These are just recommendations based of future predictions and looking at their past performance.

Someone can be confident in their predictions, but no-one can guarantee you making money when it comes to making investments.

Make sure to do your own research before blindly investing.

If it is all a bit too complex, just stick with the S&P 500.

- Till next time.