2024 Stock Picks: Beaten-Down Stocks, Top Picks, and Infrastructure Investments
As investors look for stocks with potential for growth in 2024, Ginkgo Bioworks, Etsy, Teladoc Health, Chewy, and Intellia Therapeutics are highlighted as promising options. Ginkgo Bioworks, despite not being profitable yet, has secured deals with major companies and aims to grow its biosecurity business. Etsy has maintained its gains from the pandemic and reported a profit in the recent quarter, with a record number of active buyers. Teladoc Health, a leader in telemedicine, is focusing on profitability and has seen revenue gains from its chronic care services. Chewy has managed to grow net sales and active customer spend, with its Autoship service becoming a key part of its business. Intellia Therapeutics, working in gene editing, has promising candidates in clinical trials and a strong financial position.
