ProPicks February 2024 stock updates: What to buy, what to sell

Investing.com

1 February 2024 at 2:07 am·3-min read

Despite the succession of all-time highs for US indexes, January was marked by the slowdown in the multi-month uptrend that drove mighty gains for the stock market since October. As a result, the S&P 500 gained 1.6%, while the Dow Jones Industrial Average fared a bit worse, closing the period with a steady 1.2% rise.

In the face of meager total market gains, savvy investors were able to notch above-average performance as stock-picking proved once again the go-to strategy for those looking to score above-average returns amid heightened stock volatility brought by earnings season and the Fed's decision.

That's where our state-of-the-art AI stock-picking tool, ProPicks, came in handy. By selecting only companies with favorable growth potential and positive fundamentals, ProPicks once again provided its users with top market-beating picks.

Here's the updated 10-year performance of the strategies after January:

Beat the S&P 500: 742.5% Dominate the Dow: 448.2% Tech Titans: 1,149% Top Value Stocks: 615.8% Mid-Cap Movers: 367.4%

Below, we present this month’s AI-curated stock recommendations for buying or selling, according to the strategies:

Beat the S&P 500

Here’s our AI-picked selection of the 20 top-performing stocks within the S&P 500 poised to outperform the market.

Stocks to buy:

Alphabet (NASDAQ:GOOGL) Inc. FedEx Corporation (NYSE:FDX) Meta Platforms (NASDAQ:META), Inc. Applied Materials (NASDAQ:AMAT), Inc. Humana (NYSE:HUM). Cencora (NYSE:COR) Microchip Technology Incorporated (NASDAQ:MCHP) Baker Hughes Company (NASDAQ:BKR)

Stocks to sell:

ON Semiconductor (NASDAQ:ON) Corporation Monolithic Power (NASDAQ:MPWR) Systems, Inc. U.S. Bancorp (NYSE:USB) Charter Communications (NASDAQ:CHTR), Inc. Goldman Sachs Group Inc (NYSE:GS) Lennar Corporation (NYSE:LEN) Synopsys (NASDAQ:SNPS) Airbnb (NASDAQ:ABNB)

See the full list of stocks in Beat the S&P 500 here

Dominate the Dow

Stocks to buy:

UnitedHealth Group (NYSE:UNH) Boeing (NYSE:BA) International Business Machines (NYSE:IBM)

Stocks to sell:

Goldman Sachs Group JPMorgan Chase (NYSE:JPM) Caterpillar (NYSE:CAT)

See the full list of stocks in Dominate the Dow here

Tech Titans

Stocks to buy:

Cirrus Logic (NASDAQ:CRUS) Amkor (NASDAQ:AMKR) Applied Materials (NASDAQ:AMAT) Nutanix (NASDAQ:NTNX), Inc. Cohu (NASDAQ:COHU), Inc. Zebra Technologies Corporation (NASDAQ:ZBRA)

Stocks to sell:

Xerox Holdings (NASDAQ:XRX) Axcelis Technologies (NASDAQ:ACLS) InterDigital (NASDAQ:IDCC) Insight Enterprises (NASDAQ:NSIT) Perficient (NASDAQ:PRFT)

See the full list of stocks in Dominate the Dow here

Top Value Stocks

Stocks to buy:

Cencora, Inc. Humana Inc . American Express Company (NYSE:AXP) Microchip Technology Inc (NASDAQ:MCHP) F5 Networks Inc (NASDAQ:FFIV)

Stocks to sell:

Lennar Corporation Builders FirstSource Inc (NYSE:BLDR) NVR (NYSE:NVR) Gen Digital Inc (NASDAQ:GEN) Bristol-Myers Squibb Company (NYSE:BMY) Cisco Systems (NASDAQ:CSCO) PACCAR Inc (NASDAQ:PCAR)

See the full list of stocks in Top Value Stocks here

Mid-Cap Movers

Stocks to buy:

MarketAxess Holdings Inc (NASDAQ:MKTX) RH (NYSE:RH) Cirrus Logic Inc (NASDAQ:CRUS) BankUnited (NYSE:BKU) Allegro Microsystems Inc (NASDAQ:ALGM) Kilroy Realty (NYSE:KRC) Helen of Troy Ltd (NASDAQ:HELE) Caesars (NASDAQ:CZR) Entertainment, Inc. Weatherford International (NASDAQ:WFRD) plc Amkor Technology Inc (NASDAQ:AMKR) Sanmina Corporation (NASDAQ:SANM) Axcelis Technologies Inc (NASDAQ:ACLS)

Stocks to sell:

Euronet Worldwide (NASDAQ:EEFT), Inc. ODP Corp (NASDAQ:ODP) First Interstate BancSystem Inc (NASDAQ:FIBK) Academy Sports Outdoors Inc (NASDAQ:ASO) WaFd Inc (NASDAQ:WAFD) Hub Group (NASDAQ:HUBG) Sterling Construction Company (NASDAQ:STRL) AMN Healthcare Services (NYSE:AMN) Grocery Outlet Holding (NASDAQ:GO) Abercrombie & Fitch Company (NYSE:ANF) M/I Homes (NYSE:MHO) Zions Bancorporation (NASDAQ:ZION)

See the full list of stocks in Mid-Cap Movers here

*The outperformance data is calculated from January 1st, 2013, until the specified date.

ProPicks February 2024 stock updates: What to buy, what to sell

Pro Research: Wall Street sees bright future for First Solar

Pro Research: Wall Street eyes Alphabet's robust growth potential

HuffPost
New Poll Finds 1 Democrat Absolutely Trouncing Trump
Just one problem: This person doesn't seem interested in running, should the opportunity arise.
BBC
Singapore to cane Japanese hairdresser for rape
The 38-year-old man is the first Japanese national to receive this punishment in Singapore.
Cinema Online
Vivian Chow reunites with Sharla Cheung after 30 years
The singer was elated to see her former co-star coming to see her perform in Wenzhou
SETHLUI.COM
$2 Mao Shan Wang & all-time low prices this durian season
The post $2 Mao Shan Wang & all-time low prices this durian season appeared first on SETHLUI.com.
The Telegraph
Orban urges Zelensky to accept Kremlin ceasefire offer
Viktor Orban has made a surprise visit to Kyiv where he urged Volodymyr Zelensky to accept the Kremlin’s offer of a ceasefire.
MoneySmart
Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
The Telegraph
Chart showing hilarity of Cristiano Ronaldo’s free-kick arrogance
By now the routine is familiar around the world, from Turin to Riyadh, Lisbon to Manchester. Team of Cristiano Ronaldo wins promising free-kick, Ronaldo steps up to take it, sets ball down carefully, strides back with purpose, adopts power stance, puffs out cheeks and begins his run up. Meanwhile, fans prepare for a forthcoming goal-kick.
Evening Standard
'Misstiano Penaldo': John Terry brands BBC 'a disgrace' for dig at crying Cristiano Ronaldo over penalty miss
BBC coverage of the Euro 2024 did not go down well with the former Chelsea captain
Futurism
Researchers Make Breakthrough in Study of Mysterious 2000-Year-Old Computer Found in Shipwreck
Researchers say they have used cutting-edge gravitational wave research to shed new light on a nearly 2,000-year-old mystery. In 1901, researchers discovered the Antikythera mechanism in a sunken shipwreck, an ancient artifact that dates back to the second century BC. Well over a century later, researchers at the University of Glasgow say they have used […]
The Telegraph
Russian air strike ‘destroys five Ukrainian fighter jets’ at airbase
A Russian missile attack destroyed five warplanes at a Ukrainian airbase primed to receive F-16 fighter jets from Kyiv’s Nato allies.
INSIDER
Malaysia's $100 billion ghost town is good for at least one thing: filming documentaries and shows like Netflix's 'The Mole'
Embattled Forest City is a backdrop for a handful of reality shows and documentaries.
Hello!
Emily Ratajkowski revamps city-girl style in graphic mini dress
The model sported a vibrant asymmetric dress by cult-brand Miaou while mapping the streets of NYC. See photos
CNN
A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member
A club of Eurasian countries spearheaded by China and Russia to advance their leaders’ vision of an alternative world order is set to expand again this week – this time adding a staunch Russian ally that has openly supported Moscow’s war on Ukraine.
The Independent
Woman, 24, dies on Qantas flight from Melbourne just before takeoff
Manpreet Kaur was feeling unwell before boarding the flight and reportedly died from tuberculosis
The Smart Investor
Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
HuffPost
Death Of Teenage Badminton Star Prompts Outrage Over Delayed Medical Response
Video from the incident shows tournament officials watching Chinese athlete Zhang Zhijie for around 40 seconds before medical help arrives.
HuffPost Life
COVID Is Surging Right Now. Here's What Alarms Doctors The Most.
Infectious disease experts share what's different about this latest wave and what to know about the new variants.
The Telegraph
‘Perverted’ film director ‘groomed’ actress into relationship when she was 14 years old
A French film director has been taken into custody after being accused of sexual abuse and grooming by an actress he was in a romantic relationship with when she was 14 years old.
HuffPost
Harvard Law Professor Delivers Chilling Prediction After Trump Immunity Ruling
Laurence Tribe explained what the Supreme Court decision means in "practical purposes" and it's "devastating."
Evening Standard
Manchester United 'accelerate Joshua Zirkzee bid' after £12m compromise for Dan Ashworth's first transfer deal
Sizeable rumoured agent fee has been key to unlocking Bologna striker’s future amid rival AC Milan interest

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Beat the S&P 500

Stocks to buy:

Stocks to sell:

Dominate the Dow

Stocks to buy:

Stocks to sell:

Tech Titans

Stocks to buy:

Stocks to sell:

Top Value Stocks

Stocks to buy:

Stocks to sell:

Mid-Cap Movers

Stocks to buy:

Stocks to sell:

Latest stories