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%.
See how our other monthly rebalanced strategies fared during this period:
This has pushed Tech Titans' 10-year outperformance against the benchmark to an incredible 1,149%.
And SMCI is just one stock from a robust selection of 70+ companies distributed across our six market-beating strategies. The true key to our outperformance is the resilience of our carefully curated list of winners—not solely reliant on individual picks.
In fact, during the month, several other ProPicks beat analysts' estimates on their earnings reports. See three of them below:
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Written By: Investing.com
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