The 23 Best Stocks to Buy Now in August (2024) | The Motley Fool (2024)

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The 23 Best Stocks to Buy Now in August (2024) | The Motley Fool? ›

The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Fiverr International, Home Depot, Meta Platforms, Nike, Nvidia, PayPal, Salesforce, Target, Uber Technologies, Visa, Walt Disney, and Zoom Video Communications.

In the past 36 years, August has actually been the worst month for Dow industrials DJIA and the second-worst month for the S&P 500, the Nasdaq and the Russell 2000, Hirsch said.

Analysts project 11.5% earnings growth and 5.5% revenue growth for S&P 500 companies in 2024. Fortunately, analysts see positive earnings and revenue growth for all eleven market sectors this year.

What day of the month is the best time to buy stocks? ›

Stock prices tend to fall in the middle of the month. So a trader might benefit from timing stock buys near a month's midpoint—the 10th to the 15th, for example. The best day to sell stocks would probably be within the five days around the turn of the month.

Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour. For example, if a stock closed at $40 the previous day, opened at $42 the next, and reached $43 by 10 a.m., this would indicate that the stock is likely to remain above $42 by market close.

For example, you could put your money in hedge funds, private equity, or cryptocurrency. Adding a few of these to your portfolio could diversify it and potentially mitigate the risk factor. But you could also stick with more traditional investments like stocks or bonds.