Investors still have to worry about the rising global unrest in the Middle East & the Ukraine/Russia war, which have not added any more bad news at time of writing, but which are always a consideration. Combined with sticky inflation numbers they have stopped the rally of US S&P 500 to 5,643.61 levels from an ATH 5,699.67.
We saw three weeks in a row where the S&P 500 index gained some ground. August has seen the classic elevator down and escalator up in the subsequent weeks. The 50-day moving average is at 5,487.67, which was tested in August and the market recovered. September will be volatile and probably with a negative tone.
How have my stock picks been performing?
2024 will be a very successful year: we started my US column last September and my personal picks have enjoyed great success with few exceptions,
In order of picks:
- September: Nvidia [NASDAQ:NVDA] +179.94%,
- October: Skechers [NYSE:SKX] +44.54%,
- November: Palantir Technologies [NYSE:PLTR] +78.64%,
- December: General Dynamics [NYSE:GD] +19.04%
- January: Palo Alto Networks [NASDAQ:PANW] +3.16%
- February: Live Nation Entertainment [NYSE:LYV] +9.98%
- March Meta Platforms [NASDAQ:META] +4.35%
- April: RTX Corp [NYSE:RTX] +18.52%
Compared to the US S&P 500 index end of August 4,514.87 to 5,634.61 being up +24.80% (all data August 23rd, 2024).
Since this column started in September 2023, it goes to show that stock picking using fundamental research and analysis can pay off – and you can beat the market with the right picks. Three out of nine picks are beating the market; but when equally weighted, the three outperformers have lifted the average return to 44.77%, easily beating the S&P 500 index.
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