The bull market raged on in February, driven by another impressive earnings beat by NVIDIA (NASDAQ:NVDA) and dwindling PCE inflation - generally regarded as the Fed's preferred inflation measure.
Against the positive backdrop, both the NASDAQ Composite and the S&P 500 posted their best February performance since 2015, jumping 6.12% and 5.10%, respectively. These numbers mark the best start to a year for US indexes since 2019.
Yet, despite the very high bar, our AI-powered strategies managed to do even better.
In fact, those following Tech Titans notched an unbelievable 20.8% in the month - 24% YTD. Other highlights are Mid Cap Mover: 8.7% in February and Beat the S&P 500: 7.8% for that same period.
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Unbelievable, right? But there's actually much more to our predictive AI.
At the start of each month, our AI system rebalances, adding or excluding several stocks from its strategies to maintain its impressive performance.
In fact, after last month's broad-based rally, our predictive AI ran its largest update on record, with more than 90 changes between buys and sells.
Below, we'll talk about two buys and one sell from our list for March.
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*InvestingPro Users can see our full list here.
2 Buys
Discover Financial Services (NYSE:DFS) was added to the Beat the S&P 500 strategy after its shares surged over 15% in February, following news of its acquisition by Capital One in a deal worth $35.3 billion. Our AI predicts further gains for Discover Financial Services, reflecting its proven track record of selecting winning stocks.
Beat the S&P 500 strategy gained 47.6% in 2023, compared to a 24.2% increase in the S&P 500. This strategy outperformed the S&P 500 by an impressive 816.3% over the last decade.
Similarly, Amazon.com (NASDAQ:AMZN) was included in the Dominate the Dow strategy after its stock climbed more than 17% year-to-date, buoyed by better-than-expected Q4 earnings. Our AI is optimistic about Amazon's future performance, underscoring the tool's effectiveness in stock selection.
The Dominate the Dow strategy achieved a 28.1% gain in 2023, outpacing the Dow Jones Industrial Average's 13.7% increase. This strategy outperformed the market by a lofty 433.2% over the last decade.
1 Sell
Conversely, Applied Materials (NASDAQ:AMAT), was removed from the Tech Titans strategy. It was part of this strategy from February 1 to 29, during which it gained nearly 14%. Our AI now recommends capitalizing on these profits and selling the stock.
Tech Titans is one of our top performing strategies. It outperformed the S&P 500 by 1,485.7% over the last decade.
This is just a glimpse of what's on offer, with a comprehensive selection of 100+ companies across six strategies designed to beat the market. The real strength of ProPicks lies in our meticulously selected portfolio of winners, not just individual stock picks.
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