It's frequently said that as January goes, so goes the market.
If that's the case, it's time for investors to put money to work in the stock market. Here's the tale of the tape as of February 7, 2024:
- The S&P 500 Index is up around 6.3%.
- The tech-heavy Nasdaq index is up more than 30%.
- The Dow Jones index is up more than 13%.
And at the time of this writing, 72% of the companies that have reported earnings have reported earnings per share (EPS) that are 2.6% higher on average than analysts' expectations. And this earnings growth is being seen in 7 out of 11 market sectors.
But as many investors understand, the rally is not as broad-based as the statistics would indicate. Just look at what's going on with some bellwether stocks like McDonald's Corporation (NYSE: MCD), which is down approximately 3% after weak guidance.
That's why we've put together this special presentation to point you to seven stocks that had a strong January but may not be done yet. These are stocks you can feel free to chase higher or buy on the dip.
Click the "Continue to Slide #1" button to view the first company.
