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All ProPicks strategies beat the market in debut month By
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IntroductionHistorically the strongest month of the year for stocks, November did not disappoint investors world ...
Historically the strongest month of the year for stocks,Ranking of regular domestic foreign exchange platforms (abridged version) November did not disappoint investors worldwide, with the rallying a solid 8.9% and the outperforming again with a 10.8% gain.
Not only that, but the year-to-date bull market gained significant breath, broadening across different sectors of the market. As a consequence, the lower-beta posted a fat 8.7% gain, its best monthly performance in more than a year, as the small-cap notched a similar 9% gain.
Sentiment was boosted mainly by lowering and a more dovish Fed, prompting the market to re-evaluate for 2024.
Against such a backdrop, well-allocated stock investors should have also garnished substantial gains. However, unfortunately, such is not necessarily true for those simply positioned on the wrong stocks.
That's why InvestingPro's flagship ProPickscan prove a game-changer.
Based on state-of-the-art AI-powered models, ProPicksoffers investors six strategies, each one tailor-made to adapt to the investors' risk tolerance/return expectations.
In its first month available to the general public, out of the six ProPicks strategies available, five outperformed their benchmark indexes by a comfortable margin. Moreover, with November's gains, the historical 10-year performance of ProPicks against stock benchmarks has become even more lopsided to benefit the former.
(*Best of Buffett strategy is rebalanced quarterly and, thus, only compared to the benchmark in that same period).
All five strategies cited in this piece are rebalanced on a monthly basis, guaranteeing that our users stay ahead of the curve amid shifting market dynamics and an ever-changing macroeconomic environment.
Let's have a look at our strategies to understand how they work and how they manage to keep outperforming.
1. Beat the S&P 500
True to its name, this strategy harnesses advanced AI models to delve into the financial intricacies of all 500 stocks within the S&P 500 index. The primary focus is on singling out the top 20 performers each month, pinpointing those with the highest potential for outperformance.
By employing sophisticated artificial intelligence, this approach ensures a thorough examination of financial data, honing in on the select few poised for remarkable growth.
In November, the strategy paid off a strong 10.44%, comfortably outperforming its benchmark index in the month and bringing its yearly performance to a solid 36.0%.
With this performance, the historical 10-year comparison of the strategy against its benchmark now gives ProPicks an impressive 670% advantage over the S&P 500, as seen in the chart below:Source: InvestingPro ProPicks
Two of the stocks within this strategy with an outstanding November performance are:
Crown Castle (NYSE:): +27% MoM
IDEXX Laboratories (NASDAQ:): +20.8%
InvestingPro users can see the full strategy - along with the other five ProPicks strategies - on our ProPicks gallery page.
Not yet a Pro user? Subscribe now and start outperforming the market immediately.
* Readers of this article can enjoy an exclusive 10% discount on our yearly plan with the code PPNOV1and a similar 10% discount on the by-yearly Pro+ plan by using the coupon code PPNOV2at checkout.
2. Mid-Cap Movers
Characterized by their agility in navigating the business landscape without carrying an undue level of risk, mid-cap companies typically operate below the radar of public awareness despite boasting robust growth prospects.
In fact, and this may surprise many readers, mid-caps have been the isolated performance leader amongst ProPicks strategies in November, yielding a lofty 16.37%, and amounting to an impressive 25.4% YTD gain.
On the historical 10-year chart, the strategy is beating the S&P 500 by a solid 345%, as seen below:Two of the stocks within this strategy with an outstanding November performance are:
Victoria's Secret (NYSE:): +60% MoM
RH (NYSE:): +30% MoM
InvestingPro users can see the full strategy - along with the other five ProPicks strategies - on our ProPicks gallery page.
Not yet a Pro user? Subscribe now and start outperforming the market immediately.
* Readers of this article can enjoy an exclusive 10% discount on our yearly plan with the code PPNOV1and a similar 10% discount on the by-yearly Pro+ plan by using the coupon code PPNOV2at checkout.
3. Tech Titans
Hunting down the top dogs in the tech world is like finding the golden ticket to success, especially with everyone gearing up for the Fed to start lowering interest rates as early as H1 next year.
With the market looking favorably towards tech stocks again, beating the Nasdaq hasn't been an easy task, especially when the tech-heavy index rallied 10.8% in November. However, positioned only on the top stocks of its class, our Tech Titans strategy yielded a hefty 13.2%on the month.
With this performance, the strategy has now beaten the S&P 500 by over 952% during the next decade, as seen in the chart below: Two of the stocks within this strategy with an outstanding November performance are:
Nutanix (NASDAQ:): +23.7% MoM
Palo Alto Networks (NASDAQ:): +21.9% MoM
InvestingPro users can see the full strategy - along with the other five ProPicks strategies - on our ProPicks gallery page.
Not yet a Pro user? Subscribe now and start outperforming the market immediately.
* Readers of this article can enjoy an exclusive 10% discount on our yearly plan with the code PPNOV1and a similar 10% discount on the by-yearly Pro+ plan by using the coupon code PPNOV2at checkout.
Our other strategies that are rebalanced monthly have also outperformed in November. Let's see the data below:
Top Value Stocks Strategy:
- November gain + 13.9%
- YTD gain: 42.3%
- 10-Y compounded: 789%
Dominate the Dow Strategy:
- November gain +8.6%
- YTD gain: 20.8%
- 10-Y compounded: 576%
What are you waiting for? Become a Pro now and start outperforming the market as well!
*Readers of this article can enjoy an exclusive 10% discount on our yearly plan with the code PPNOV1and a similar 10% discount on the by-yearly Pro+ plan by using the coupon code PPNOV2at checkout.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
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