The Nasdaq Composite index has been known to perform well during bull markets. Since entering a bull market in December 2022, the index has seen a 76% increase, thanks to a growing interest in artificial intelligence. Historical data suggests that the Nasdaq could potentially climb by another 139% in the next 22 months, following the average trend of 215% returns during bull markets lasting around 40 months.
Investors may want to consider investing in companies like Alphabet and Roku. Alphabet, known for its digital advertising and cloud computing services, has shown strong financial performance and is expected to continue growing. Roku, a leading streaming platform in the U.S., has also reported positive financial results and is set to benefit from the growing connected TV advertising market.
Overall, both Alphabet and Roku have the potential to outperform the Nasdaq over the next few years. It’s important to note that Suzanne Frey from Alphabet and John Mackey from Amazon are members of The Motley Fool’s board of directors, and Trevor Jennewine holds positions in Amazon, Roku, and The Trade Desk. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Roku, The Trade Desk, and Warner Bros. Discovery. They also recommend certain options related to Microsoft.