ProPicks rebalances in January: What to buy, what to sell now

investing.com:

2023 closed as a solid year for stock markets worldwide as bets that the Fed will start lowering interest rates as soon as early 2024 prompted investors back to risk assets after a more than forgettable 2022.

But despite the seemingly solid bull run, analysts rightly argue that 2023 was a year for stock pickers, with a handful of companies beating the market by a hefty margin and carrying a good chunk of the benchmark gains as many others underperformed.

In fact, a whopping 72% of the S&P 500’s components failed to beat their benchmark index during the year, while the remaining 28% absolutely crushed the market with once-in-a-lifetime gains.

Against this backdrop, investors faced similar luck with their portfolios: they either crushed the market or — most likely — underperformed the benchmark indexes simply by holding on to the wrong stocks.

That’s where our flagship AI-powered stock-picking tool, ProPicks, can prove a game-changer for 2024.

Using state-of-the-art AI resources, ProPicks picks the best stocks available in the market, granting top-tier performance for InvestingPro users with full access to the tool.

Strategies are then rebalanced at the beginning of each month, adding new stocks that are likely to outperform going forward and removing the ones that have already passed their prime. Source: ProPicks

For the second month since its debut, all of our five strategies that are rebalanced monthly beat their benchmark indexes by a solid margin, making the yearly and compounded 10-year performance of the strategies an even bigger landslide in favor of ProPicks.

Here’s the December performance of all the strategies, followed by their full-year returns and their compounded 10-year performance:

(*Best of