Promising Growth Stocks to Watch for Potential Soaring Returns This Year

Promising Growth Stocks to Watch for Potential Soaring Returns This Year

1. Navigate toward growth

Garmin (NYSE: GRMN) shares show potential for further growth in 2024 with stellar sales results and improved profitability. CEO Cliff Pemble attributes the success to a robust product portfolio and strong demand trends.

1. Navigational technology specialist Garmin (NYSE: GRMN) reports a 40% revenue increase in fitness wearables and an 11% improvement in smartwatches.
2. The company's operating profit rises to 22% of sales, supporting a nearly 40% increase in earnings.

2. Amazing returns

Amazon's (NASDAQ: AMZN) impressive sales growth and expanding business segments point to continued success. CEO Andy Jassy highlights potential growth areas, including services and subscription-based models.

• Amazon's Q1 revenue climbs 13% driven by strong demand for AI-powered cloud services.
• The company's free cash flow reaches $50 billion, with profit more than tripling to $10 billion.

Investors can anticipate solid returns from these growth-oriented stocks in 2024 and beyond.