These Stocks Should Outperform in 2024 | My Deep Dive To Show Why!

2024 is around the corner and I cover my top Stock Picks that I believe will Outperform!

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In order to make my top 2024 picks, I had to think what is likely to occur in 2024 and how will that benefit the choices I am going to share with you.

So here are two things that I believe will have a high probability of occurring in 2024. Investors need to consider which type of stocks will benefit from these two possible dominating circumstances that could provide outperformance in the coming year.

Fed Rate Cuts. 3 are expected but any rate cut will be beneficial for dividend growth stocks, as during high rate environments there is a lot more competition amongst different investment vehicles and when those high rates start to lower, high dividend growth stocks will be where money will start to pile in once again as bonds and high yield savings accounts will start to offer less and less.

Consumer spending pullback as the economy tightens. Investors need to consider this and we are looking at elevated consumer debt that many will try to pay down so that means less money to purchase goods. Dwindling savings, and simply put, less money means less buying. Lastly, a tough job market. So a more conservative spending habit from consumers as finding that job that pays much more will become harder to find. We are already seeing layoffs pick up. Stocks that offer value, smaller dollar items, have resilient products and services that prove to do well during tough economic times is what I am looking for.

We Invest to make money and we need to be investing smart, which means utilizing forward thinking. I feel strongly that the 3 main stocks I chose are ones that will boost your portfolio in 2024. I also add 2 honorable mentions of companies that should also see some strong gins next year.

So, which stocks do I believe will be resilient at a time where fed rates cuts may occur and consumer spending will likely reduce? Well I do a deep dive into my stock choices. I look at Revenue Growth, Operating Income, Operating Expense, Long-Term Debt and Free Cash Flows. I also look at my Stock Facts Chart, where we look at P/E Ratio, Gross Margins, Return on Equity, and Dividend information. Dividend Yield is important but so it the growth of that passive income. I also cover 12 month price targets and my buy in price opinions. I also look at Earnings Per Share (EPS) data and I cover the next year and beyond for each stock!

Some hints for my choices are REITS, Financials, Consumer Staples, and an E-Commerce giant. I also show my Portfolio and its Performance!

Thank you for watching and have a great day!

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*This Video is not meant to be professional advice, but is rather for entertainment purposes only. Take all of my videos as my own opinion, and at your own risk. This Video is accurate as of the posting date but may not be accurate in the future. Links above include affiliate commission or referrals.