From Nasdaq:

Wall Street closed 2023 moving higher for the final nine trading weeks of the year. Stocks to avoid last week were Alibaba, Steelcase, and JD, rising 3%, slipping 3%, and ascending 5%, respectively. S&P 500 moved 0.3% higher, and the author has been right 70 of the past 114 weeks, or 61% of the time.

Now is as good a time as any to end this weekly column, preferring long-term investment strategy. Apple has shown peaks and valleys in fiscal year revenue, and revenue growth is projected to be less than 4% this fiscal year. Cal-Maine Foods and Tesla Motors are also predicted to underperform in 2024.

Apple is an all-weather stock, but the stock’s 49% rise in 2023 does not justify the price. Cal-Maine Foods is expected to report a 34% year-over-year revenue decline, and Tesla Motors is expected to decline based on problems with revenue growth and profitability.

If you’re looking for safe stocks, you aren’t likely to find them in Apple, Cal-Maine Foods, and Tesla Motors. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Rick Munarriz, the author, has positions in Alibaba Group and Apple. The Motley Fool has positions in and recommends Apple, Cal-Maine Foods, JD.com, and Tesla. The Motley Fool recommends Alibaba Group.



Read more: 3 Stocks to Avoid in 2024