Our strategy doubled the market in January, but which stock soared 86%?

Investing.com  |  Author Thomas Monteiro

Published Feb 02, 2024 12:56

Updated Mar 04, 2024 09:45

Despite the succession of all-time highs for US indexes, January closed as a month of mostly stable performance, with the S&P 500 raising 1.6% and the Dow Jones Industrial Average posting a steady 1.2% gain.

But in the face of slowing overall market gains, savvy investors were still able to notch above-average returns as stock-picking proved once again the go-to strategy amid heightened stock volatility brought by earnings season and the Fed's decision.

That's where our state-of-the-art AI stock-picking tool, ProPicks, came in handy. By selecting only companies with favorable growth potential and positive fundamentals, ProPicks once again provided its users with top market-beating picks.

In fact, our Dominate the Dow strategy comfortably doubled the S&P 500's returns in the month while maintaining a safe level of risk exposure.

Tech Titans strategy at the beginning of January.

With a list of 15 marketing-beating companies such as SMCI, Tech Titans was able to outperform the market even as it notched a series of all-time highs in the last quarter. As a matter of fact, the strategy posted a whopping 49.6% gain since the beginning of November, while the S&P 500 gained 15.6%.