PDD - Top 10 Stocks For H2 2024 (SA Quant)

2024-06-20 05:00:00 ET

Summary

• The S&P 500 repeatedly hit record highs in the first half of 2024, but concerns over prolonged inflation and high interest rates weighed on market enthusiasm.
• The Quant Team’s portfolio of Top 10 Stocks for 2024 is +55% YTD compared to the S&P 500’s +25.05% (as of 6/18/24).
• Nine out of ten of the quant picks for the first half experienced double-digit positive returns, so we’re bullish into the year's second half with new stock picks.
• By focusing on fundamentally strong stocks, Seeking Alpha’s quant-based picks are collectively strong on characteristics of valuation, growth, profitability, momentum, and EPS Revisions.

The artificial intelligence frenzy helped send the S&P 500 to record highs about 30 times in 2024, led by the tech and communication sectors. The percentage of S&P 500 companies reporting positive earnings surprises rose about their 10-year averages in the year's first quarter, while analysts project earnings to rise +11% in CY 2024....

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