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How Steven Cress' Top 10 2024 Picks Have Fared


Published on 2024-12-17 09:01:12 - Seeking Alpha
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  • Steve Cress ' impression of 2024 as an investing year (1:15). Scoring top 10 picks of 2024 with Quant methods (7:30). Top performer AppLovin up YTD about 907%. Total return 155.7% (10:00). What happened with the list's underperformer, Dorian? (17:25) Magnificent 7 stocks past and future growth (23:00). ( RSP) for 2025 (27:20).

The article from Seeking Alpha discusses the performance of Steven Cress's top 10 stock picks for 2024. These picks were chosen based on their potential for growth, value, and income, with a focus on companies that could thrive in various economic conditions. Here's a summary of how they've fared:

  • NVIDIA (NVDA) has seen significant growth, driven by the AI boom and strong earnings reports.
  • Eli Lilly (LLY) has performed well, buoyed by positive developments in its pharmaceutical pipeline, particularly with drugs like Mounjaro.
  • Visa (V) has continued its steady performance, benefiting from the ongoing shift towards digital payments.
  • Microsoft (MSFT) has also done well, with advancements in cloud computing and AI integration into its products.
  • Apple (AAPL) experienced mixed results, with concerns over iPhone sales in China but positive developments in services revenue.
  • Broadcom (AVGO) has been a standout, with its stock price increasing due to strong demand for its semiconductor solutions.
  • ASML Holding (ASML) has seen gains, supported by its critical role in semiconductor manufacturing equipment.
  • Lennar (LEN) has benefited from a robust housing market, despite higher interest rates.
  • Caterpillar (CAT) has shown resilience, with infrastructure spending and commodity price increases aiding its performance.
  • Chevron (CVX) has had a more volatile year, with oil price fluctuations impacting its stock price.

    Overall, Cress's picks have generally performed well, with some stocks significantly outperforming the market, reflecting his strategy's focus on sectors poised for growth or stability in a challenging economic environment.

    Read the Full Seeking Alpha Article at:
    [ https://seekingalpha.com/article/4744700-how-steven-cress-top-10-2024-picks-have-fared ]