The S&P 500, as represented by the SPDR S&P 500 Trust ETF (SPY), made a gain of 25%, including dividends.
And while several tech stocks have dominated the headlines for a while, the three biggest Big Money stocks of 2024 might surprise you.
Two years ago, Big Money’s top stocks included consumer goods, construction and technology companies. This surprised some who expected technology to dominate the point.
But surprises come every year, including 2024, as financials, industrials and technology stocks all topped last year.
However, these may not be household names that you are familiar with.
Let’s start with the finances. The sector jumped by 30% last year. One of the biggest winners was Apollo Global Management, Inc. (APO). Big Money led to a whopping 79.8% gain for APO:
The money management firm has a MAP score of 72.4 and a fundamental score of 83%. Its earnings per share are expected to jump nearly 20% in a year, so the interest in Big Money is no surprise.
The second best stock in 2024 came from the industrials sector – government software company Palantir Technologies, Inc. (PLTR). This company took off in 2024, gaining 340% and joining the S&P 500:
PLTR’s MAP score is 69, including 75% of the core score. Even better, the company’s earnings per share are expected to grow 23.8% for the year.
The final sector for the best stocks in 2024 is technology, but it might not be one of the names most people think of. While the sector jumped 21%, the Big Money winner was Arista Networks, Inc. (ANET), whose value almost doubled last year:
ANET has a MAP score of 84.5, with a technical score of 82.4% and a fundamental score of 87.5%. That rating is incredibly strong, reflecting market momentum and high-quality business.
Next year, ANET’s earnings per share are expected to grow by 12%. And in case you’re wondering, ANET has been the top stock on MAPsignals for years:
The stock has entered the MAPsignals Top 20 report 82 times since 2015. Has it returned in that time? An incredible 2.216%!
Big Money is now putting money to work, even in the midst of volatility.
And guess what? In a year there will be surprises again! The winners will emerge, and Big Money is picking them right now.
MAPsignals detects big money flows. You can also spot them using the MAP.
If you are a serious investor, registered investment advisor (RIA) or money manager looking to research the quality of hedge funds, get started with a MAP PRO subscription today.
Disclosure: The author does not hold a position in APO, PLTR, or ANET at the time of publication.
