10 Stocks to Ring in 2024 Dear Reader, I hope you held on to your hats during the first week of 2024. It’s certainly been a volatile one for Wall Street. Stocks pulled back on Tuesday and Wednesday, though they did bounce back a bit on Thursday and Friday. However, the S&P 500, Dow and NASDAQ still ended the week lower.
This week’s volatility comes on the heels of a wild 2023. Last year, investors had to navigate the regional bank crisis, the artificial intelligence frenzy, volatile crude oil prices, the rise and fall of Treasury yields, repeated key interest rate hikes by the Federal Reserve and Hamas’ shocking attack on Israel – just to name a few!
But despite all the ups and downs, stocks still posted strong gains in 2023: The S&P 500 rose 24.2%, the Dow climbed 13.7% and the NASDAQ surged 44.2%.
Even with this week’s choppy trading, I think we’ll be experiencing more ups than downs this year, so I wouldn’t let the gyrations bother you. Instead, I recommend using any weakness as an opportunity to buy strong stocks on dips. As we gear up for 2024, it's important that you fine-tune your portfolios so you're positioned to prosper. So, in today’s Market 360, I want to share 10 A-rated stocks you should consider buying. Each could be a great building block for your portfolio in 2024. And then, I’ll share how you can best maximize your gains this earnings season. | AVGO | Broadcom Inc. | A | C | A | | BKNG | Booking Holdings Inc. | A | C | A | | CMG | Chipotle Mexican Grill, Inc. | A | C | A | | COST | Costco Wholesale Corporation | A | C | A | | DECK | Deckers Outdoor Corporation | A | B | A | | MELI | MercadoLibre, Inc. | A | B | A | | NOW | ServiceNow, Inc. | A | B | A | | NVDA | NVIDIA Corporation | A | A | A | | SNPS | Synopsys, Inc. | A | B | A | | TDG | TransDigm Group Incorporated | A | C | A | To best position yourself to profit this year, you want your portfolio to be chock-full of fundamentally superior stocks that are poised to deliver fantastic results.
The reality is there will be a ton of opportunities to make big money in the days ahead, and you won’t want to miss out. So, for more stocks that are poised to surprise this earnings season, I encourage you to check out fellow investors Landon Swan and Andy Swan. As you may recall, Landon and Andy are the founders of LikeFolio and the brains behind Derby City Insights. With more than two decades of trading experience, they’re considered go-to resources for earnings season trading… and they’ve been featured on Fox Business, CNBC, Barron’s and Investor’s Business Daily.
They’ve created a powerful system that harnesses artificial intelligence to pinpoint stocks for regular investors. The result is what I believe to be one of the most technologically advanced quantitative trading systems I’ve ever encountered.
After meeting with Landon and Andy, I agreed to join them for a special event: The A.I. Earnings Predictor Summit. We’re hosting it next Tuesday, January 9, 2024, at 8 p.m. Eastern time.
So, you’ll definitely want to tune in next Tuesday to hear what we have to say if you want to learn how to profit from earnings season.
You can click here to reserve your spot now. |
| Louis Navellier
Editor, Market 360
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Booking Holdings Inc. (BKNG), Costco Wholesale Corporation (COST), NVIDIA Corporation (NVDA) and TransDigm Group Incorporated (TDG)
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