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🚀 Our AI Picked 6 Stocks that Jumped +25% in Q1. Which Picks Will Soar in Q2?Unlock full list

These stocks surged 169%, 255% amid market's best Q1 since 2019

Published 04/01/2024, 07:29 AM
Updated 04/01/2024, 07:29 AM
© Reuters.

It was a dream first quarter for stock market bulls.

Buoyed by the continued AI narrative, positive overall earnings results, and the perspective of rate cuts from the Federal Reserve, the US stock market via the S&P 500 notched its best start to a year since 2019.

But amidst the continued gains, investors may be surprised to learn that the S&P 500, up 10.2% since January, actually outperformed the tech-heavy NASDAQ Composite, which posted a 9.1% performance during the same period.

The main reason for that is the high volatility in the tech spectrum, which again worked to the benefit of stock pickers who were able to separate the winners from the laggers.

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To give you a few examples of stocks we told you to buy at the beginning of this quarter and how much you could have gained simply by joining ProPicks back then:

  • Super Micro Computer Inc (NASDAQ:SMCI), up 255% in Q1.
  • MicroStrategy Incorporated (NASDAQ:MSTR), up 169% in Q1.
  • NVIDIA Corporation (NASDAQ:NVDA), up 82% in Q1.
  • Williams-Sonoma Inc (NYSE:WSM), up 57% in Q1.

This means 10K invested in these stocks (minus the average $8/month subscription cost) would have yielded the following:

  • $34,968
  • $26,868
  • $18,168
  • $15,668

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By notching an eye-popping 1,800% gain, it has simply destroyed the benchmark S&P 500's 268% by over 1,500%.

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Latest comments

how about the stocks that lost money. Show us those results
Mangal2000
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