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:

Strong Buy Stocks chart

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.