The No-Brainer Buys: 3 Stocks That Are Absolute Must-Owns Right Now | Markets

Today, we discuss three must-own stocks as major Wall Street indices reach new highs. The rise in share prices of technology stocks and supportive economic data hinting at potential Federal Reserve policy easing have contributed to investor optimism. So far in 2024, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which tracks the S&P 500 index, is up 13%. Similarly, the Invesco QQQ Trust ETF (NYSEARCA:QQQ), which tracks the Nasdaq-100, rose 14% since January, while the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA), which tracks the Dow Jones Industrial Average, returned about 4%.

Currently, Wall Street is witnessing companies from a blend of traditional sectors, such as health care, industrials and consumer staples, maintain their strength. Meanwhile, stocks in new segments, such as artificial intelligence (AI), are emerging with promising prospects. Today, we examine three must-own stocks for the ride ahead in June and the rest of 2024.

AstraZeneca (AZN)

We start our discussion of must-own stocks with the U.K.-based biopharma giant AstraZeneca (NASDAQ:AZN). It has a diverse pipeline that includes oncology, cardiovascular, respiratory and other therapeutic areas. AstraZeneca boasts an impressive portfolio of over 180 projects, including 19 new molecular entities in its late-stage pipeline.

For the first…


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