"Top 2024 Stock Picks: Unstoppable Growth and High-Upside Opportunities"

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Source: The Motley Fool
"Top 2024 Stock Picks: Unstoppable Growth and High-Upside Opportunities"
Photo: The Motley Fool
TL;DR

NextEra Energy Partners and Medical Properties Trust, despite losing over half their value in 2023, are considered high-upside stock picks for 2024 by the author. NextEra is adjusting its strategy by selling natural gas pipeline assets and focusing on organic investments, which should benefit from expected cuts in interest rates by the Federal Reserve. Medical Properties Trust is working through tenant issues and restructuring debt, with improved cash flow and potential asset sales on the horizon. Both companies offer significant dividends and are expected to recover as they address their challenges and as the pressure from high interest rates eases.

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