Beating the Market in 2024 Using AI: Top 10 Stock Picks Soar Over 105%
Summary:
- From November 12, 2023, until November 12, 2024, I Know First top 10 stocks had an average return of 105.89%, while the S&P 500 was up 35.8%.
- The top 10 stocks, drawn from diverse sectors, demonstrated phenomenal growth and performance.
S&P 500 Hits All Time High, I Know First Still Outperforms
Over the past year, the S&P 500 has surged to new heights, breaking its previous all-time high of $4,818 in January 2024. Since then, it has continued to reach even greater milestones. However, last November, I Know First’s AI algorithm identified its top 10 stock picks for a one-year time frame. These selections spanned a variety of industries, including Software – Infrastructure, Information Technology Services, Engineering & Construction, and more. Remarkably, these 10 stocks delivered an average return that was over three times higher than the S&P 500’s performance for the year.
Here are the Top 10 Stocks the AI Algorithm Chose:
1. MicroStrategy Inc. (MSTR)
- Market Capitalization: $80.77B
- Sector: Technology
- Industry: Information Technology Services
2. Palantir Technologies Inc. (PLTR)
- Market Capitalization: $138.12B
- Sector: Technology
- Industry: Software – Infrastructure
3. Upwork Inc. (UPWK)
- Market Capitalization: $1.99B
- Sector: Industrials
- Industry: Professional Services
4. Entegris Inc. (ENTG)
- Market Capitalization: $14.90B
- Sector: Technology
- Industry: Electronic Equipment & Instruments
5. Twilio Inc. (TWLO)
- Market Capitalization: $14.69B
- Sector: Technology
- Industry: Computer Software
6. Altair Engineering Inc. (ALTR)
- Market Capitalization: $8.83B
- Sector: Technology
- Industry: Information Technology Services
7. APi Group Corporation (APG)
- Market Capitalization: 9.74B
- Sector: Industrials
- Industry: Construction & Engineering
8. Alphabet Inc. (GOOG)
- Market Capitalization: 2.17T
- Sector: Communication Services
- Industry: Interactive Media & Services
9. Applied Materials Inc. (AMAT)
- Market Capitalization: 139.11B
- Sector: Technology
- Industry: Semiconductor Equipment & Materials
10. Century Communities, Inc. (CCS)
- Market Capitalization: 2.62B
- Sector: Real Estate
- Industry: Homebuilding
Conclusion:
While the market as a whole reached impressive new highs this past year, the I Know First Algorithm once again outperformed, showcasing its remarkable ability to beat the market even in its strongest moments. The algorithm delivered an average return three times greater than the S&P 500, with every single stock it selected achieving gains of over 11%. This consistent outperformance highlights the algorithm’s strength and reliability in delivering superior results.