Investing.com | Author Thomas Monteiro
Published Sep 03, 2024 11:20
Investing.com — For the first time in years, staying long on the Mag 7 hasn't quite paid off as expected. Since the start of H2, the Roundhill Magnificent Seven ETF (NASDAQ:MAGS) has shed -1.05%, while the S&P 500 gained a solid 3.44% during the same period.
The main reason behind the trend was an extraordinary earnings season, in which corporate profitability grew at the fastest pace since 2021, while big tech consistently failed to meet the lofty expectations.
Against this backdrop, investors who managed to anticipate the market by broadening their investments across different higher-value blue-chip stocks scored fat profits - and are now well positioned to continue to do so as the market shoots for a new all-time high.
Such is the case of our premium users who, for less than $9 a month , followed our list of AI-picked winning stocks for both July and August.
With best-in-breed insights such as the following earnings season winners:
Along with the following top picks for August:
...Just to name a few... ProPicks users once again managed to beat the market by a lofty margin, with our flagship Top Value strategy leading the pack with a massive +4.8% gain in the month - more than twice the S&P 500's 2% during the same period.
It was then closely followed by (+3%) in August.
Now, as the Fed prepares for the first rate cut of its cycle later this month, our AI has just released one of its largest updates on record today.
Stop guessing and check out our AI's top high-value picks for just under $9 a month here .
Already a Pro user? Then, jump straight to the updates via this link .
But how does our AI do it so consistently?
Unlike other models, our AI identifies undervalued names before they become too expensive.
Instead of relying solely on momentum models, our approach integrates decades of comprehensive stock market fundamental and technical analysis of a multitude of data sets.
The results speak for themselves.
Check out some of our performance numbers since our official launch in November last year (as of today's premarket figures):
This is no backtest; it's real-world performance, unfolded in real time to our users' benefit.
That's why savvy investors looking to beat the market are following our AI's monthly updates, keeping up-to-date with the best stocks to buy and sell for each month .
In fact, our backtest suggests that going for the long run will give you even heftier gains. See chart below for reference:
Source: ProPicks
This means a $100K principal in our strategy would have turned into an eye-popping $1,879,800K by now.
Will you risk going another month without the super-human power of AI data processing?
For less than $9 a month, that decision has never been easier .
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.