2024-02-05 10:45:00 ET
Summary
- MoneyShow presents top investment ideas for 2024 from their contributors.
- This year’s edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
- Part 8 of this series includes Scotts Miracle-Gro, SPDR Gold Shares ETF, Taiwan Semiconductor Manufacturing, TransMedics and Ulta Beauty, among others.
MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 7 here .
ProShares Short Russell2000
By Crista Huff, Portfolio Manager at Freedom Capital Management
The number of bankruptcy filings have already reached their previous peak from the 2008 financial crisis, and subprime auto loans are experiencing alarming delinquency rates. More than any time in the last 15 years, people are struggling to pay their bills. Maybe you’re overtly bearish, or you just want to be ready when the stock market begins an unmistakable decline. In that case, consider ProShares Short Russell2000 ( RWM ).
Think about it: The most inflated of the 21 line items in the November Consumer Price Index ((CPI)) were housing and transportation, up 6.5% and 10.1% respectively in the last 12 months. These are expenses that affect just about everyone!
If people can’t pay their bills because of higher costs, they certainly can’t be buying cars and refrigerators and Apple products. Yes, yes, some of the people we know are doing fine financially. But a higher and higher percentage of them are not doing well at all....
Read the full article on Seeking Alpha
For further details see:
MoneyShow's Best Investment Ideas For 2024: Part 8