This is the top mega-cap stock to hold now according to our AI model
Investing.com | Author Thomas Monteiro
Published Apr 26, 2024 22:10
Investing.com — As tech stocks face a challenging earnings season due to the mismatch between valuations and shifting interest rate expectations for the months ahead, knowing which of the sector's stocks to buy can prove to be the difference between success and failure amid this year's bull market.
The recent market reactions to Meta's (NASDAQ:META), Tesla's (NASDAQ:TSLA), and Alphabet (NASDAQ:GOOGL)'s (NASDAQ:GOOG) reports have only underscored the fact that we may be facing a particularly volatile season for tech earnings.
But amid all that noise, what is the best big tech stock to hold right now?
Tough question, right? Well, not for our predictive AI.
In fact, bought in September 2020, Microsoft (NASDAQ:MSFT) has been the longest-held mega-cap stock in our portfolio, a period during which the stock rallied a hefty 81%.
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Once again, this earnings season has been a testament to our AI's ability to outperform the market. Among the tech mega-caps, it has advised users to buy four stocks - two of which have already reported results, namely:
- Tesla (NASDAQ:TSLA): up 17.6% since reporting last Wednesday
- Microsoft Corporation (NASDAQ:MSFT): Up 4.3% since reporting last night.
And there are two more mega-caps in our portfolio ready to smash earnings. Want to find out which stocks we're talking about?
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But how does our AI manage to stay ahead of the market? Simple: By using state-of-the-art AI-powered financial modeling, our AI manages to keep its users one step ahead of everyone else.
In fact, this exact methodology has led our flagship Tech Titans strategy to garnish an eye-popping 1,779% over the last decade.
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Source: ProPicks
This means a $100K principal in our strategy would have turned into an eye-popping $1,879,800K by now.
Now, as earnings season heats up, the question is: Will you keep on guessing or have an insight into the winners?
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Written By: Investing.com
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