📈 Will you get serious about investing in 2025? Take the first step with 50% off InvestingProClaim Offer

These stocks are benefiting from what could be a larger market rotation

Published 2024-07-16, 09:30 a/m
© Reuters.
US500
-
BLDR
-
ENPH
-

Investing.com — Builders FirstSource (NYSE:BLDR) has been one of the largest beneficiaries of the most recent rotation trend in the broader market.

Amid growing expectations that the Fed will cut rates in September, the usually low-beta stock has gained a fantastic 14% over the last four market sessions and looks set to keep on rising. it is set to open higher again today as of this writing.

Similarly, several other lesser-known names—particularly on the mid- and small-cap spectrum—are also gaining big time, indicating that the rotations may just have legs.

But are you banking on this trend, or are you still holding the same overextended names from the first half of the year?

Well, I wouldn't blame you if you're not; differently from tech stocks, finding winners among lesser-known names can be very tricky.

Not for our premium users, though, who, for less than $8 a month, received an AI-powered list of buys for July, including names such as Builders FirstSource and Enphase Energy (NASDAQ:ENPH) (up 16.7% this month) - among many others.

In fact, from our AI-powered list of winning picks for July, eight are in the double digits, with several yielding over 15% in the month alone already.

But how do we do it?

Simple; by compiling the history of the stock market in data, ProPicks' state-of-the-art AI models update you with the best stock selection in the market at the start of every month.

Differently from everything else out there, our AI-powered stock picks stocks before they become too expensive, thus not just following a "momentum" model.

That's how we managed to crush the market by a very wide margin since the launch in October last year. In fact, these are the gains you would have notched since October by following our AI picks (numbers as of premarket today):

  • Beat the S&P 500: +36.88%
  • Tech Titans: +82.88%

That's against a +32.88% gain from the benchmark S&P 500 during the same period:

This is not a backtest; this is real-world performance, unfolded in real time to our users. In fact, our backtest suggests that going for the long run will give you even heftier gains.

In fact, this is the exact methodology that led our flagship Tech Titans strategy to garnish an eye-popping 1,779% return in our backtest over the last decade.

Do not miss out on the next winner; subscribe now for less than $8 a month as part of our exclusive summer sale, and never miss another bull market again!Tech Titans Vs. Benchmark
Source: ProPicks

This means a $100K principal in our strategy would have turned into an eye-popping $1,879,800K by now.

So, will you keep on guessing or have an insight into the winners?

Take advantage of our exclusive summer sale and get an insight into the winners now for less than $8 a month! Subscribe Now for Up to 50% Off!
*And since you made it all the way to the bottom of this article, we'll give you a special 10% extra discount on all our plans with the coupon code PROPICKS2024!

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.