An easy way to find buying opportunities is to look at the worst sectors in the previous year. Let’s see the best the US market has in store for investors in 2024 and beyond!
Want more of our Best Stocks Ideas? Download the Top Stocks for 2024 Booklet that includes three sectors review and 6 different stock ideas!
- Before we dive into the picks themselves, Mike shares how his best picks did last year and explains why the Canadian results were better than the US ones.
- We start with a boring yet reliable idea: Air Products & Chemicals (APD). The material stock is the largest supplier of hydrogen and helium in the world. But what makes it an interesting option for 2024?
- Mike tagged APD as an educated guess because of the cyclical aspect of its business. What else should investors be aware of?
- The next idea is a REIT that we have referred to as the “Pokemon” one for its name: Equinix (EQIX). What is the company about?
- What’s Mike’s investment thesis for Equinix and why is it a Core Holding despite tougher times for REITs?
- The last pick is a classic in the Consumer Discretionary so let’s first summarize what happened in this sector in 2023.
- McDonalds (MCD) doesn’t need any introduction. But the recession-resistant aspect of the large restaurant chain makes it attractive this year.
- Considering the current economic environment, what should investors be more careful about when selecting stocks in the Consumer Discretionary sector this year?
We also got some of the best Canadian dividend ideas for you!
Let’s look at the role played by sectors in your portfolio and a quick recap of what happened for each. Mike also suggests three sectors showing opportunities right now.
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This podcast episode has been provided by Dividend Stocks Rock.