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These 2 Stocks Gained 40% or More in 2023 -- Here's Why They Could Do It Again in 2024

These stocks were big winners last year, but two of our experts think they could still have lots of room to climb.

By Matt Frankel, CFP and Tyler Crowe – Jan 5, 2024 at 7:07AM EST

Empire State Realty Trust (ESRT +2.25%) and Park Hotels & Resorts (PK 1.30%) were major outperformers in 2023. However, there could be even more positive catalysts in the year ahead, as Fool.com contributors Matt Frankel, CFP® and Tyler Crowe discuss in this video.

*Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matthew Frankel, CFP® has positions in Empire State Realty Trust. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool recommends Empire State Realty Trust. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Empire State Realty Trust Stock Quote
Empire State Realty Trust
NYSE: ESRT
$5.46
(+2.25%)+$0.12
Park Hotels & Resorts Stock Quote
Park Hotels & Resorts
NYSE: PK
$11.34
(-1.30%)-$0.15

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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