After Alphabet introduced the Google Bard platform (NASDAQ: GOOGL), which ignited enthusiasm for artificial intelligence (AI), the technology has rapidly showcased its capabilities across diverse industries, including delivering valuable insights to investors.
Finbold enlisted Bard’s assistance to identify five potentially profitable stocks in the upcoming year. Harnessing the wealth of available data, the chat generative pre-trained transformer pinpointed these five stocks on December 4, considering prevailing trends and market outlooks.
Apple (NASDAQ: AAPL)
Google Bard’s first pick was the American multinational technology corporation Apple (NASDAQ: AAPL). The company specializes in consumer electronics, mobile phones, and related services (Apple Music, iCloud, AppleTV+).
Picks for you
“Apple is a well-established company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its iPhone, iPad, and Mac products and its growing services business.” as per Google Bard.
The AAPL stock was trading at $191.24, marking an increase of 0.68% from its previous close on December 1. This stock has experienced an impressive 52.91% increase in its value year-to-date.
Microsoft (NASDAQ: MSFT)
After a lucrative year, Microsoft Corp’s (NASDAQ: MSFT) stock soared by over 50%, reaching an all-time high of $382. This remarkable surge can be attributed to various factors, emphasizing the successful utilization of AI expansion.
“Microsoft is another well-established company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its cloud computing products and its productivity software suite,” said Bard.
Before the market closed on December 1, MSFT stock was trading at $374.51, resulting from a decrease of -1.16% compared to the previous session. It is another stock that witnessed an impressive increase of over 50% this year, with a 56.32% YTD climb.
Johnson & Johnson (NYSE: JNJ)
Third place goes to Johnson & Johnson (NYSE: JNJ), a pharmaceutical giant whose share price declined by 11% in the past twelve months, significantly underperforming the market return of 14%. However, the stock has shown a positive trend, rising by 6.3% over the past three years.
As per Google Bard, “Johnson & Johnson is a diversified healthcare company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its pharmaceuticals, medical devices, and consumer products.”
Before the market closed on Friday, December 1, JNJ stock traded at $158.38, showcasing an increase of 2.41% from the previous session. This stock has experienced a decline of -11.12 in the last 365 days.
Coca-Cola (NYSE: KO)
The fourth entree on the list is soft beverage behemoth Coca-Cola (NYSE: KO), which reported an operating income increase of 6% and earnings per share (EPS) surge of 9% to $0.71 in its most recent quarterly report.
Bard says, “Coca-Cola is a well-established consumer goods company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its beverages and its expanding footprint in emerging markets.”
The stock was trading at $58.64 on its previous market close, losing -6.85% year-to-date.
Procter & Gamble (NYSE: PG)
Last but not least is Procter & Gamble (NYSE: PG), an American multinational consumer goods corporation, which reported a 15% increase in profit for its Q1 2024, driven by price hikes that offset lower volumes in three of its five categories.
This is what Bard thought about P&G stock, “Procter & Gamble is a well-established consumer goods company with a strong track record of innovation. The company is expected to grow its revenue and earnings in the coming years, driven by demand for its personal care, household, and beauty products.”
On December 1, this stock closed at $152.66, representing a decrease of 0.56% from the previous closing. In the last 12 months, this stock has added a subtle 0.72% to its price.
These five stocks, chosen with AI technology, span various industries and demonstrate robust market potential.
While investing inherently involves risks, these companies display potential for future growth, making them noteworthy considerations for investments in 2024.
Buy stocks now with Interactive Brokers – the most advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
