The early months of 2024 have brought a wave of optimism for investors, with the S&P 500 setting multiple new records. Despite the occasional bear market, history has shown that the market always bounces back and reaches new highs. With bull markets appearing every five to six years on average, investing in great companies during both highs and lows can lead to significant gains.
For investors looking to put $1,000 into the market, two fantastic companies to consider are Innovative Industrial Properties and Alibaba.
Innovative Industrial Properties operates as a real estate investment trust in the medical cannabis industry. With a portfolio of 108 properties in 19 states, the company reported revenue of $310 million in 2023. Its unique model of renting to state-licensed cannabis operators has led to steady rental income and a 7% dividend yield, making it an attractive option for investors.
On the other hand, Alibaba Group Holding has faced challenges in recent years, including regulatory headwinds and a decline in growth. However, as China’s e-commerce market is expected to reach $4 trillion by 2027, Alibaba’s market leadership and presence in various lucrative markets make it a compelling investment opportunity. With overall revenue growing 5% to $37 billion in the most recent quarter, Alibaba’s discounted valuation presents a significant growth opportunity for risk-tolerant investors.
Both companies offer unique opportunities for investors to benefit from the highs and lows of the stock market, making them worth considering for those looking to grow their investment portfolio in 2024.
