Investing.com – Federal Reserve Chairman, Jerome Powell, has signaled that slashing the cost of money will require more time than initially anticipated. This was after the US Central Bank's recent decision to maintain its rates. In a span of a few months, we've seen a shift from predictions of up to eight cuts in 2024 to a potential wait until 2025 for monetary easing.
This shift has caused a ripple effect in the markets. After a rally from late 2023 to early 2024, the market has recalibrated its course. The question now is whether this is merely a pause or the start of a downturn? Every investor should equip themselves with a strategy that enables them to navigate the market and be prepared for all eventualities.
InvestingPro+ presents you with ProPicks strategies, grounded on proven Pro Artificial Intelligence (AI) models. Among the various strategies is "Beating the S&P 500", all engineered to help you meet your investment goals.
Investing.com updates its AI-based stock selection every month. So, it's time to gear up for May.
The historical backtest of the "Beating the S&P 500" strategy shows the performance of the strategy's stock selections over time. Our AI stock rating system leverages a predictive model trained on over 50 financial signals to single out stocks that are most likely to outperform the market. So, what are the top stocks to invest in this month?
By using advanced AI models to meticulously analyze the financial data of all 500 S&P stocks, this strategy pinpoints the top 20 performers each month that are most likely to excel.
Our AI models evaluate each stock based on critical performance parameters, such as valuation indices, momentum metrics, and the overall health of the company, and align them with real-time market trends.
The top three stocks recommended by the strategy are: NVIDIA Corporation (NASDAQ:NVDA), Ford Motor Company (NYSE:F), and Super Micro Computer Inc (NASDAQ:SMCI). However, these are just three of the top 20 performing stocks to consider.
Sign up here to access the full list of stocks!
And if the tide changes again? No issue, the Propicks are updated monthly to allow all investors to optimally adjust their portfolios.
Below are some of the benefits you can enjoy by subscribing to InvestingPro+:
Kickstart the month with the right investments. Also, by clicking on one of the links within the article, you can enjoy a special limited-time discount to subscribe to InvestingPro+ and fully leverage all our tools to optimize your investment strategy. (If the discount page does not load, enter the code proit2024 to activate the offer).
You will have access to a suite of exclusive tools that will equip you to effectively navigate the market:
- ProPicks: Stock portfolios managed by a blend of artificial intelligence and human expertise, boasting proven performance.
- ProTips: Bite-sized information to simplify complex financial data.
- Fair Value and Health Score: Two synthetic indicators based on financial data that provide a quick snapshot of the potential and risk of each stock.
- Advanced stock screener: Find the best stocks based on your expectations, considering hundreds of financial metrics and indicators.
- Historical financial data for thousands of stocks: Allowing fundamental analysis professionals to delve into all the details.
And many other services, not to mention those we are planning to add soon! Seize the opportunity RIGHT NOW to get the Investing Pro+ annual plan at a special discount. Use the code INVPRODEAL and get over a 40% discount on your 1-year subscription.