As 2024 draws to a close, the stock market presents various investment opportunities, with equities likely to gain momentum into the new year.
In this case, select growth stocks are showing potential, with their fundamentals expected to influence prices heading into the new year.
What’s more, the following two growth stocks can be considered cheaply available at the moment.
Picks for you
Coinbase (NASDAQ: COIN)
Coinbase (NASDAQ: COIN) was one of the standout performers in the 2024 stock market rally. It benefited from renewed interest in the cryptocurrency space, powered by Bitcoin’s (BTC) surge past the $100,000 mark.
Considering Coinbase’s status in the cryptocurrency market, it is an ideal growth bet, provided the sector continues to witness a surge in capital inflows.
Interestingly, as markets move into 2025, Bitcoin is anticipated to rally further, potentially reaching $200,000. Historically, when Bitcoin surges, associated crypto stocks have rallied in tandem.
Additionally, Coinbase’s presence across nearly the entire crypto space makes it attractive to both retail and institutional investors seeking a gateway into the crypto world.
Indeed, Coinbase has operated in an environment with vague crypto regulations, but there are indications that the incoming Donald Trump administration might implement favorable laws. Such an environment could benefit entities like Coinbase, allowing them to expand their market position easily.
By press time, COIN was trading at $328, having gained over 2% in the last 24 hours. In 2024, the cryptocurrency exchange’s stock has surged by nearly 110% year-to-date.
Intel (NASDAQ: INTC)
Intel’s (NASDAQ: INTC) glory days in the semiconductor sector have been overshadowed by competitors like Nvidia (NASDAQ: NVDA), which dominates the market thanks to ventures in artificial intelligence (AI).
However, Intel is working to reclaim its competitive edge through leadership changes and its own entry into the AI space.
For instance, investors expressed confidence in the stock after Chief Executive Officer Pat Gelsinger retired from the company. This move was welcomed, considering his tenure was marked by significant challenges, with INTC plunging 60% during his time.
In addition to leadership changes, the chipmaker has implemented initiatives supported by the CHIPS Act, such as expanding manufacturing and entering the semiconductor foundry market.
While Intel is not out of the woods yet, these initiatives are laying a foundation for growth, offering investors a chance to acquire the stock at attractive prices before a possible resurgence in 2025.
At the time of reporting, INTC was valued at $20.78, down less than 0.1% in the last 24 hours. This extends the over 50% losses recorded year-to-date.
In conclusion, with Coinbase thriving on crypto momentum and Intel repositioning for a comeback in AI and manufacturing, both stocks are attractively priced for 2025 gains.
Featured image via Shutterstock
