Dow Jones & Company, Inc.: Opinion: These unsung stock market heroes offer 9 favorite picks for 2024
From Dow Jones & Company, Inc.:
The article discusses the insights and stock recommendations of three respected newsletter editors for the upcoming year. The editors, including Bruce Kaser of Cabot Turnaround Letter, Kelley Wright of Investment Quality Trends, and John Buckingham of The Prudent Speculator, shared their favorite stocks and outlooks for the market in 2024. Kaser believes in a possible 3% U.S. GDP growth and sees value stocks such as Goodyear Tire & Rubber, Kohls, and Newell Brands outperforming. Wright is cautious about the U.S. stock market due to high valuations but sees potential for 8%-10% gains, favoring stocks like BP, Westamerica Bancorp, and CH Robinson Worldwide. Buckingham expects growth in the economy but doesn’t rule out a moderate recession, favoring value stocks and recommending Albemarle, Devon Energy, and Bristol-Myers Squibb. Overall, the editors highlight a mix of turnaround companies, undervalued stocks, and potential growth plays for 2024.
Original: Opinion: These unsung stock market heroes offer 9 favorite picks for 2024