Let’s Talk Money: 10 Stocks to Buy in 2024 According to Wall Street Pros

With markets ending the year on a strong note, Wall Street analysts are looking bullish for next year. Part of the move higher could be driven by declining interest rates, which would lower the cost for companies to borrow and expand.

Plus, investors and businesses alike have had trillions in cash sitting on the sidelines. Much of that cash earned 5 percent for most of the past year. Lower interest rates may lead to a shift to the stock market.

A booming economy and declining interest rates should prove a boon to casino stocks. These companies have to outlay a tremendous amount of capital to get their operations up and running.

And the costs to operate a casino can be hefty as well, at nearly half of their revenues. However, in a boom, casinos manage to generate a massive profit margin.

That’s why Wall Street analysts are bullish on casino players such as Wynn Resorts (WYNN) and Las Vegas Sands (LVS). Currently, Wynn is up less than 10 percent over the last year, and Las Vegas Sands has largely broken even.

Meanwhile, another sector Wall Street analysts are bullish on is the solar space. Solar stocks tanked in 2023, as rising interest rates and a drop in oil prices made this form of energy relatively more expensive.

Among the solar stocks, First Solar (FSLR) is the most attractive. It’s already started to move higher in the past few weeks. However, it is one of the most undervalued stocks based on analyst target prices.

To see the full list of undervalued stocks for 2024, click here.