Steven Cress, SA's Head of Quantitative Strategy, reveals top 10 stocks for the 2nd half of 2024, including Hercules Capital and SPX Technologies. They discuss strong buy ratings for Kirby and General Motors and growth potential of SilverCrest Metals. PDD Holdings shines for high growth, while Super Micro Computer emerges as a top pick. The podcast offers valuable insights for investors seeking stock recommendations.
Quant strategies focus on key metrics like value, growth, and momentum for stock investing.
Top stock picks showcase significant returns with diversification in portfolios.
Emphasize stock evaluation based on growth, profitability, and factors like dividend safety.
Deep dives
Overview of Quantitative Strategies in Stock Picking
Using a data-driven process, the podcast explores quant's aim to eliminate emotional attachments in stock investing and focus on core metrics like value, growth, profitability, EPS revisions, and momentum. A quant model evaluates stocks based on industry metrics, assigns weights based on backtesting results, and provides directional recommendations for investors.
Top 10 Stocks Performance from 2023 to 2024
The podcast reviews the performance of top 10 recommended stocks, including Super Microcomputer up 841% and PDD Holdings up 72% among others. The total returns for the 10 stocks from January 2023 to 2024 reached 150%, showcasing significant outperformance and diversification in the portfolio.
Stock Selection Process Criteria and Updates
Stocks like Hercules Capital and SPX Technologies are selected based on strong factor grades but may fluctuate due to market conditions. The podcast emphasizes maintaining faith in hold recommendations, understanding factors like dividend safety, growth rates, and valuation when evaluating stock picks.
Analysis of Gigacloud Technology's Business Model
Gigacloud Technology's unique business model of combining freight forwarding, warehousing, and e-commerce operations is highlighted for its exceptional growth rates and strong financial metrics. Despite market fluctuations, the podcast recommends looking at current valuation and growth fundamentals to assess opportunities.
Review of Abercrombie and Fitch as the Top Stock for 2024
Abercrombie and Fitch's remarkable transformation and consistent financial performance position it as the top stock for 2024. The podcast underscores the importance of focusing on growth, profitability, and factors like dividend safety in evaluating stock recommendations.
Conclusion and Audience Engagement
The podcast emphasizes the importance of understanding the stock selection process and following updates for sound investment decisions. Listeners are encouraged to explore different sectors, evaluate fundamentals, and take advantage of market fluctuations to build robust investment portfolios.
Steven Cress, SA's Head of Quantitative Strategy, shares his top 10 stocks for the 2nd half of 2024 from a quant perspective (1:12). Hercules Capital, the 1st BDC to make the list (9:55). Industrials sector pick: SPX Technologies (14:40). Kirby, a quant strong buy with mixed factor grades (19:00). SilverCrest Metals' stellar growth vs sector (23:05). Straight As for General Motors (29:20). PDD Holdings, a 2023 top stock based in China (42:05). Why Super Micro Computer is #2 and a retailer is #1 (45:09). This is an excerpt from a recent webinar.
For full access to analyst ratings, stock quant scores as well as dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions
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