Investing in stock has always been a gamble, a calculated risk. The bigger the risk, the bigger the rewards, and hence, many sectors booming in 2024 can make the perfect choice for investment. Investment in the stock market requires two things – capital and in-depth knowledge of its functions. There are a few performing sectors in which, an investment may be deemed prudent. Learning different aspects of the stock market can be beneficial.

Infrastructure stocks: Infrastructure includes investment for contracts for road development, bridges, public utilities and transport. This also includes sectors boosting material, energy and industrial stocks. The infrastructure stocks have decent return on investment, provided the project undertaken is viable and profitable. The materials sector in particular is booming with a number of mergers and acquisitions which increases the demand for such commodities thus driving the stock price. Get in early on some of these infrastructure stocks and invest wisely.

Internet of things: With the advent of technology, and with the introduction of a new concept of internet of things, wherein technology controls things, stocks and any investment in the information technology sector right now is a hot pick right now. With self-driving devices, robotics, android and apple wearables, control modules and sensors, amongst more innovative tech picks, an investment in the IT sector in 2024 can prove to be quite profitable. Look out for new issues and major tech stocks, follow their changes closely and consult with your investment broker before venturing.

Artificial intelligence: Artificial intelligence has always been a field in which developments and advances have secured more investors and capital over the years. Soon, everything will be run by robots or will be automated is what the assumption is, hence investing in stocks of companies which builds and develops AI technology can prove to be a useful option. AI is now slowly becoming an integral part of our system, with the sector pace ever increasing.

Big data: Data management is one of the most emerging company sectors, today everything is dependent on data. Companies dedicate time and resources to collect, organize and analyze data patterns to predict outcome and plan strategies. Data management technology and software are developed extensively and investment in these stocks can be a profitable opportunity in 2024.

Do a thorough research of the sector and consult with experts, stock brokers to find out the best stocks to invest in with minimum risk and maximum returns. The top five stock to buy recently include, Las Vegas sands, Whole foods market, NovoCure, Cummins and General Motors amongst many other popular performers in the market.